Summary by Moomoo AI
China Iron Tower (the “Company”) released on April 19, 2024, unaudited key operating data for the first quarter of 2024. The report showed that the company's operating income reached RMB239.74 billion, an increase of 3.3% year-on-year. Operating business revenue was $20.84 billion, up 2.2% year-on-year, with tower business revenue up 0.6% and flat division revenue up 19.8%. Intellectual Business and Energy Revenue grew 21.0% and 0.8%, respectively. The Company's EBITDA amounted to USD 165.97 billion, an increase of 3.0% year-on-year, while the profit attributable to the Company's shareholders reached USD 27.84 million, an increase of 11.1% year-on-year. As of March 31, 2024, the number of tower sites reached 205.9 million, and the number of tower tenants was 37 million. The Board of Directors of the Company recalls that the above data is unaudited and should be relied upon with caution by shareholders and investors.