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Year on year China Tower Corp Ltd had relatively flat revenues (92.17bn to 94.01bn), though the company grew net income 10.96% from 8.79bn to 9.75bn. A reduction in the cost of goods sold as a percentage of sales from 6.73% to 6.29% was a component in the net income growth despite flat revenues.
| Gross margin | 93.54% |
|---|---|
| Net profit margin | 10.69% |
| Operating margin | 15.90% |
| Return on assets | 3.23% |
|---|---|
| Return on equity | 5.26% |
| Return on investment | 4.03% |
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Cash flow in CNYView more
In 2023, cash reserves at China Tower Corp Ltd fell by 1.16bn. However, the company earned 32.84bn from its operations for a Cash Flow Margin of 34.93%. In addition the company used 31.91bn on investing activities and also paid 2.10bn in financing cash flows.
| Cash flow per share | 0.3665 |
|---|---|
| Price/Cash flow per share | 2.80 |
| Book value per share | 1.20 |
|---|---|
| Tangible book value per share | 1.20 |
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Balance sheet in CNYView more
| Current ratio | 1.17 |
|---|---|
| Quick ratio | -- |
| Total debt/total equity | 0.4376 |
|---|---|
| Total debt/total capital | 0.3044 |
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Growth rates in CNY
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 15.38% and 10.94%, respectively. The positive trend in dividend payments is noteworthy since very few companies in the Construction Services industry pay a dividend. Additionally when measured on a five year annualized basis, dividend per share growth ranked highest relative to its industry peers, while earnings per share growth is above the industry average.
| Div yield(5 year avg) | 2.81% |
|---|---|
| Div growth rate (5 year) | 74.49% |
| Payout ratio (TTM) | 82.44% |
| EPS growth(5 years) | 25.59 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | 8.89 |
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