China Communications Services (00552.HK) announced that for the year ended December 31, 2023, operating revenue continued to grow steadily, reaching RMB 148.615 billion, an increase of 5.6%, and the growth rate was higher than last year. Net profit reached RMB 3,584 billion, an increase of 6.7%. The growth rate continued to be higher than the growth rate of operating revenue. The board of directors recommended increasing dividends, paying a final dividend of RMB 0.2174 per share, an increase of 12.1%, and an increase in the dividend ratio from 40% to 42%.
The Group has seized the opportunities of digital, intelligent and green social development, achieved good business performance, and improved both efficiency and quality. The Group maintained steady growth in the domestic telecom operator market, with revenue growth of 4.7%; the domestic non-operator customer attracting market was developing steadily, with revenue growth of 6.3%. The Group continues to increase investment in scientific and technological innovation, and the industrial digitization business is developing rapidly. Revenue from applications, content and other businesses increased by 16.8%, making the primary contribution to driving revenue growth. The Group continues to be deeply involved in strategic emerging industries such as digital infrastructure, smart cities, green and low-carbon, emergency safety, etc., and the amount of new contracts signed has increased by more than 30%.