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Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Second Quarter of 2025

TAIPEI, Aug. 5, 2025 /PRNewswire/ — Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Company”) today reported its un-audited operating results for the second quarter of 2025. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“T-IFRSs”) on a consolidated basis.

(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.)

Second Quarter 2025 Financial Highlights

  • Total revenue increased by 4.8% to NT$ 56.73 billion.
  • Consumer Business Group revenue increased by 1.4% to NT$ 34.07 billion.
  • Enterprise Business Group revenue increased by 12.4% to NT$ 18.98 billion.
  • International Business Group revenue decreased by 16.8% to NT$ 2.20 billion.
  • Total operating costs and expenses increased by 4.8% to NT$ 44.19 billion.
  • Operating income increased by 5.2% to NT$ 12.54 billion.
  • EBITDA increased by 3.5% to NT$ 22.58 billion.
  • Net income attributable to stockholders of the parent increased by 3.5% to NT$ 10.17 billion.
  • Basic earnings per share (EPS) was NT$1.31.
  • Total revenue, operating income, net income attributable to stockholders of the parent and EPS all exceeded the upper end of our proposed guidance.

“We’re proud to deliver another outstanding quarter, with results exceeding the upper end of our guidance across revenue, operating income, net income attributable to stockholders of the parent, and EPS,” stated Mr. Chih-Cheng Chien, Chairman and CEO of Chunghwa Telecom. “Second quarter revenue reached a ten-year high for the same period, driven by robust growth in our core telecom services and enterprise ICT business. Despite ongoing global economic uncertainty, evolving geopolitical risks, and the rapid pace of digital transformation, our performance underscores the strength of our business model, the agility of our organization, and our ability to capitalize on emerging opportunities.”

“Chunghwa continued to lead the mobile market, achieving record highs in both subscriber and revenue share,” said Mr. Rong-Shy Lin, President of Chunghwa Telecom. “In fixed broadband, higher-speed plan adoption and bundled service offerings drove further ARPU expansion. We also saw broad-based growth across consumer allocation services, including multi-play packages, video content, and cybersecurity solutions. Our Enterprise Business Group delivered a standout quarter, with total ICT revenue up 37% year-over-year, fueled by strong demand for IDC, cloud, AIoT, and 5G private networks. While our International Business Group faced temporary headwinds due to project timing, demand in Southeast Asia remained solid with new ICT contracts secured in Vietnam and Singapore. We remain focused on expanding our presence in high-growth overseas markets.”

“Looking ahead, we remain confident in our strategy to position Chunghwa as a leading digital enabler in the AI era,” added Mr. Lin. “From launching major submarine cable systems and scaling LEO satellite connectivity, to being upgraded to MSCI ESG ‘AAA’ and receiving prestigious data center awards, we are building a future-ready infrastructure that ensures resilient, secure, and intelligent connectivity—both in Taiwan and globally. These advancements reinforce our industry leadership and create sustainable, long-term value for our shareholders.”

Revenue
Chunghwa Telecom’s total revenues for the second quarter of 2025 increased by 4.8% to NT$ 56.73 billion.

Consumer Business Group’s revenue for the second quarter of 2025 increased by 1.4% YoY to NT$ 34.07 billion, with its income before tax increased 4.8% YoY. The remarkable performance was mainly driven by steady growth in both mobile and fixed broadband ARPU. In addition to stable performance of core service revenues, CBG also benefited from higher smartphone sales, as consumers accelerated purchases in anticipation of potential tariff fluctuations.

Enterprise Business Group’s revenue for the second quarter of 2025 increased 12.4% YoY to NT$ 18.98 billion, mainly driven by our robust growth in ICT business, which saw a 37% year-over-year increase in revenue, fueled by the strong performance of our emerging services. As a result, EBG reported a robust 5.4% increase in income before tax during the quarter.

International Business Group’s revenue for the second quarter of 2025 decreased by 16.8% to NT$ 2.20 billion, while its income before tax decreased 11.9% YoY. The decline was mainly due to reduced demand for international fixed voice services and softening international roaming revenues.

Operating Costs and Expenses 
Total operating costs and expenses for the second quarter of 2025 increased by 4.8% to NT$ 44.19 billion, mainly due to higher manpower cost and the growing ICT business.

Operating Income and Net Income
Operating income for the second quarter of 2025 increased by 5.2% to NT$ 12.54 billion. The operating margin was 22.1%, as compared to 22.0% in the same period of 2024. Net income attributable to stockholders of the parent increased by 3.5% to NT$ 10.17 billion. Basic earnings per share was NT$1.31.

Cash Flow and EBITDA
Cash flow from operating activities, as of June 30th, 2025, decreased by 0.2% year over year to NT$ 29.16 billion.

Cash and cash equivalents, as of June 30th, 2025, decreased by 7.1% to NT$ 35.05 billion as compared to that as of June 30th, 2024.

EBITDA for the second quarter of 2025 was NT$ 22.58 billion, increasing by 3.5% year over year. EBITDA margin was 39.80%, as compared to 40.31% in the same period of 2024.

Business Highlights

Mobile
As of June 30th, 2025, Chunghwa Telecom had 13.13 million mobile subscribers, representing a 2.2% year-over-year decrease. In the second quarter, total mobile service revenue increased by 2.0% to NT$ 17.06 billion, while mobile post-paid ARPU excluding IoT SIMs maintained stable and flat year over year at NT$ 556.

Fixed Broadband/HiNet
As of June 30th, 2025, the number of broadband subscribers slightly increased by 0.7% to 4.44 million. The number of HiNet broadband subscribers increased by 1.3% to 3.77 million. In the second quarter, total fixed broadband revenue grew 1.8% year over year to NT$ 11.59 billion, while ARPU increased 1.9% to NT$ 804.

Fixed line
As of June 30th, 2025, the number of fixed-line subscribers was 8.77 million.

Financial Statements
Financial statements and additional operational data can be found on the Company’s website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings

NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about Chunghwa’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to the risks outlined in Chunghwa’s filings with the U.S. Securities and Exchange Commission on Forms F-1, F-3, 6-K and 20-F, in each case as amended. The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date, except as required under applicable law.

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

NON-GAAP FINANCIAL MEASURES
To supplement the Company’s consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a “non-GAAP financial measure”. EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.

In managing the Company’s business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax (iv) other expenses or income not related to the operation of the business. 

CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES
In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including “EBITDA”. The Company believes that the non-GAAP financial measures provide investors with another method for assessing its operating results in a manner that is focused on the performance of its ongoing operations.

Chunghwa Telecom’s management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company’s operating results, as well as when forecasting and analyzing future periods. However, the Company recognizes that:

  • these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company’s T-IFRSs financial measures;
  • these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company’s T-IFRSs financial measures;
  • these non-GAAP financial measures should not be considered to be superior to the Company’s T-IFRSs financial measures; and
  • these non-GAAP financial measures were not prepared in accordance with T-IFRSs and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principle.

Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company’s results to the results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.

About Chunghwa Telecom
Chunghwa Telecom (TAIEX 2412, NYSE: CHT) (“Chunghwa” or “the Company”) is Taiwan’s largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. Chunghwa has been actively and continuously implemented environmental, social and governance (ESG) initiatives with the goal to achieve sustainability and has won numerous international and domestic awards and recognitions for its ESG commitments and best practices. For more information, please visit our website at www.cht.com.tw

Contact: Angela Tsai
Phone: +886 2 2344 5488
Email: chtir@cht.com.tw

Clarisound rolls out mobile and tele-audiology services across Malaysia


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 August 2025 – Clarisound is revolutionizing hearing care delivery by bringing professional audiology services directly to Malaysians through online tests, telecare appointments, and digital tools—extending expert support to homes, offices, and virtually anywhere.

Remote Hearing Healthcare

The company’s Telecare service supports existing Clarisound customers who’ve completed in-person hearing tests, otoscopy, and device fitting. These foundational steps require face-to-face interaction for accuracy. Once established, Telecare bridges the gap between visits, delivering professional expertise wherever customers are.

Recognizing widespread reluctance to address hearing issues, Clarisound offers online hearing tests accessible via smartphone or computer. This discreet, minutes-long assessment provides an entry point for those uncertain about their hearing health or hesitant to seek clinical care.

Technology-Driven Accessibility

Telecare services complement in-store consultations through video appointments with qualified audiologists who evaluate, adjust, and troubleshoot remotely. This approach reduces travel time and costs while ensuring continuity for those with mobility challenges or time constraints.

“Telecare isn’t a replacement, but a smart extension of personalized hearing care,” explains Kieran McCarry, Clarisound’s founder. “In-person visits remain essential for comprehensive assessments—hearing tests, ear examinations, real-ear measurements, and initial fittings. However, Telecare maintains connection between appointments, supporting aural rehabilitation with remote adjustments that fit seamlessly into daily life. This proactive approach enhances comfort and drives better long-term outcomes.”

Bridging Technology and Health

Clarisound leverages growing interest in devices like Apple AirPods Pro2 as conversation starters about hearing health. While not medical-grade substitutes, features like “Conversation Boost” increase sound quality awareness, prompting users to seek professional advice.

Regional Impact

This model proves particularly impactful where hearing health awareness is developing. By eliminating traditional barriers—geographic distance, stigma, and clinical accessibility—Clarisound empowers individuals to address hearing health earlier and more confidently.

The integration of mobile technology, online testing, and professional telecare positions Clarisound as a Malaysian healthcare leader. Rather than treating hearing loss as niche, the company reframes it as central to everyday health. With every mobile test, teleconsultation, or hearing aid fitted, Clarisound brings hearing care out of clinical settings into daily life, where it belongs.

Hashtag: #Clarisound

The issuer is solely responsible for the content of this announcement.

About Clarisound

Clarisound is a leading hearing care provider delivering accessible, expert audiology services. Focusing on user experience and early intervention, the company combines advanced technology with professional care to support hearing health across Malaysia.

1 in Every 25 Singaporeans Visiting Japan Chooses MIMARU — Popular Apartment Hotel Brand to Propose “Learn-and-play Family Holidays” for First Time

TOKYO, Aug. 5, 2025 /PRNewswire/ — Cosmos Hotel Management Co., Ltd., operator of Japan’s leading apartment hotel brand MIMARU, will exhibit at NATAS Holidays 2025 to be held from August 15 to 17 at Singapore EXPO. For the first time, MIMARU is proposing a new kind of family holiday for Singaporean travelers this autumn and winter — hands-on trips to Japan that combine STEAM-themed learning experiences with the beauty of Japan’s seasonal landscapes and traditional cultural activities.

Photo1: https://cdn.kyodonewsprwire.jp/prwfile/release/M107482/202507292874/_prw_PI1fl_eswOKrP0.png 

What Makes MIMARU Favorite for Singaporean Families

-Over 90% of guests are international families.

-Spacious rooms from about 40 to 100 square meters, ideal for families and groups.

-All rooms equipped with kitchens and living/dining areas.

-Friendly, English-speaking staff from 38 countries and regions.

-27 locations across Tokyo, Kyoto and Osaka, offering apartment-style stays in convenient city settings.

-Convenient access from Singapore: direct flights to Tokyo (about seven hours) and Osaka (about six hours 40 minutes), with most MIMARU locations reachable within an hour from the airport.

This explains why one in every 25 Singaporean visitors to Japan stayed at MIMARU in 2024. (Based on MIMARU’s 2024 guest data)

For more information, visit: https://mimaruhotels.com/en/ 

Photo2: https://cdn.kyodonewsprwire.jp/prwfile/release/M107482/202507292874/_prw_PI2fl_4TP4u9PC.png 

Experience Japan Differently: MIMARU’s Family Learning Holiday Ideas

1.Explore Science & Pop Culture through Hands-on Activities

Discover digital art at teamLab Planets, futuristic gadgets in Akihabara, and science museums in Osaka — ideal destinations for STEAM education experiences that transcend language barriers.

2.Enjoy Japan’s Beautiful Autumn & Winter Landscapes

Collect colorful leaves, visit temples, and experience the charm of Japan’s four seasons during cool, crisp walks through city streets and nature.

3.Join Traditional Japanese Festivities

Try mochi-making, help craft New Year’s decorations, and experience heart-warming local traditions that offer unique cultural insights for families.

“At MIMARU, we welcome many families from Singapore throughout the year. We’re happy to propose this new travel idea combining STEAM education and cultural experiences, based on what we’ve seen many children enjoy.” — MIMARU Staff

MIMARU supports children’s growth and quality family time through unique travel experiences in Japan.

For more information, visit: https://mimaruhotels.com/en/news/family-friendly-japan-with-mimaru/ 

teamLab, Rapidly Rotating Bouncing Spheres in the Caterpillar House (C) teamLab

All images: https://kyodonewsprwire.jp/release/202507292874?p=images 

Alstom to convert Singapore East West Line stations to the Urbalis signalling system for the Thomson-East Coast Line extension (TELe)

  • The Land Transport Authority of Singapore has awarded the contract to Alstom for the design, supply, installation, testing and commissioning of the Urbalis CBTC system to enable fully automated, high-capacity operation.
  • The contract scope covers converting Tanah Merah, Expo, and Changi Airport stations to the TEL system, and equipping the line’s extension to the future Changi Airport Terminal 5.
  • TELe, the Thomson-East Coast Line extension to Changi Airport will provide a direct, high-speed connection to central city areas and residential zones, cutting travel times for both commuters and international travellers.

SINGAPORE, Aug. 5, 2025 /PRNewswire/ —  Alstom, a global leader in smart and sustainable mobility, has been awarded a contract by the Land Transport Authority of Singapore to deliver a high-capacity driverless signalling system for the stations of the East West Line which will connect to the Thomson-East Coast Line extension (TELe). The contract, worth a couple of hundred million euros covers the conversion of Tanah Merah, Expo, and Changi Airport stations to TEL, and the equipment of the line extension to the future Changi Airport Terminal 5 station. This extension will directly connect the TEL to Changi Airport, improving passenger experience and journey efficiency, while advancing Singapore’s Land Transport Master Plan 2040 (LTMP 2040) objective of seamless, end-to-end connectivity.

As the signalling consortium leader, Alstom will provide its Urbalis CBTC system, the same platform already in successful operation on TEL, while its consortium partner, ST Engineering Urban Solutions Ltd. will provide the Data Communication System (DCS) and Platform Screen Doors (PSD).

The TEL extension to Changi Airport will provide a direct, high-speed connection to central city areas and residential zones, cutting travel times for both commuters and international travellers. This development represents a key milestone under the LTMP 2040 plan to deliver greater connectivity, resilience, and inclusivity in Singapore’s land transport system.  

Upon completion, the 57 km TEL will run from Tanah Merah through major locations like Gardens by the Bay, Maxwell, Orchard, and up to Woodlands North, with a transfer option to the Johor Bahru – Singapore Rapid Transit System Link. The TEL is expected to reduce travel time between Changi Airport and Marina Bay from 55 minutes to approximately 45 minutes. Additionally, journeys between Changi Airport and Gardens by the Bay will be shortened to 40 minutes via the TEL, compared to the current 60-minute duration.

Yann Maixandeau, Managing Director, Singapore & Malaysia, Alstom said, “Alstom is proud to have supported Singapore’s rail development for over two decades, delivering cutting-edge rolling stock and signalling systems that have shaped the nation’s urban mobility. This latest award reflects our leadership in advanced, driverless train control systems. We are honoured to contribute to the LTMP 2040 vision by enabling seamless, efficient and sustainable journeys between city and Changi Airport through TEL’s extension.”

This latest contract strengthens Alstom’s long standing presence in Singapore and builds on its successful delivery of the most recent signalling system in Singapore, TEL Stage 4, that commenced service in June 2024.  

As a leader in the communications-based train control (CBTC) segment, Alstom’s comprehensive CBTC portfolio supports both conventional and intelligent solutions. It can be adapted to all levels of complexity—whether greenfield or brownfield projects—across all grades of automation.

With over 30 years of expertise in CBTC, Alstom’s Urbalis signalling system is deployed on 190 metro lines, including 67 fully driverless lines in 32 countries, safely transporting millions of passengers every day. In addition to enabling higher operational efficiency and flexibility, Urbalis systems can reduce energy consumption by up to 30% through intelligent, energy-saving strategies.

ALSTOM™, Urbalis™ are protected trademarks of the Alstom Group.

About Alstom

Alstom commits to contribute to a low carbon future by developing and promoting innovative and sustainable transportation solutions that people enjoy riding. From high-speed trains, metros, monorails, trams, to turnkey systems, services, infrastructure, signalling and digital mobility, Alstom offers its diverse customers the broadest portfolio in the industry. With its presence in 63 countries and a talent base of over 86,000 people from 184 nationalities, the company focuses its design, innovation, and project management skills to where mobility solutions are needed most. Listed in France, Alstom generated sales of €18.5 billion for the fiscal year ending on 31 March 2025.  
For more information, please visit www.alstom.com.

Thai, Cambodian Border Remains Calm as Diplomatic Talks Continue

This image is for representation purpose only.

The situation along the Thai-Cambodian border remained calm on the morning of 5 August, coinciding with ongoing General Border Committee (GBC) meetings between Thailand and Cambodia in Kuala Lumpur, Malaysia. The talks, held from 4 to 6 August, mark a critical step in easing tensions following a deadly outbreak of violence in late July.

High-level officials from both countries convened in the Malaysian capital on 4 August to reinforce a fragile ceasefire. The meeting, hosted by Malaysia and observed by representatives from China, the United States, and ASEAN, is part of a broader diplomatic push to prevent further conflict along the disputed border.

The recent violence, described as the worst in over a decade, left at least 43 people dead and displaced more than 300,000. Fighting erupted after months of escalating tensions, triggered by the death of a Cambodian soldier in May and the wounding of Thai troops by landmines in July. The five-day conflict included infantry engagements, artillery strikes, air raids, and rocket fire.

A ceasefire was brokered on 28 July under pressure from the United States, which warned both nations that future trade agreements could be jeopardized if hostilities continued.

Despite the truce, tensions persist. Cambodia accuses Thailand of violating the agreement by installing barbed wire in disputed areas, while Thailand claims Cambodia has been reinforcing its military presence. Phnom Penh is also demanding the release of 18 Cambodian soldiers captured during the clashes. Thailand has returned two wounded soldiers but insists the remainder will be freed only when hostilities fully cease.

Further high-level talks are scheduled for 7 August.

Long-Standing Temple Dispute Reignites Deadly Clashes

The conflict was sparked by a 28 May skirmish that killed one Cambodian soldier and reignited a long-running territorial dispute centered on ownership of ancient temples and surrounding land, particularly the Preah Vihear and Ta Muen Thom temples. Though tensions had simmered for years, major fighting broke out on 24 July near the Ta Muen Thom temple.

By 27 July, the border conflict had entered its fourth consecutive day, drawing increasing concern from the international community. According to Thailand’s Ministry of Health, at least 12 people were killed and more than 40 injured by that point.

Despite global appeals for calm, both artillery and rocket fire continued near the disputed temple zones, impacting Thailand’s Ubon Ratchathani and Surin provinces, as well as Cambodia’s Oddar Meanchey region. Journalists in Samraong, Cambodia, reported hearing shelling throughout the morning of 27 July.

U.S. President Donald Trump said he had spoken directly with both Cambodian and Thai leaders, calling for an immediate ceasefire and warning that ongoing trade talks with the U.S. would be suspended until the violence ceased. Cambodia has since requested an emergency meeting of the United Nations Security Council.

Regional and international reactions have been swift. Laos urged both parties to exercise restraint, while France and the Philippines condemned the violence and emphasized the importance of a peaceful, lawful resolution. France has advised its citizens to leave the affected areas.

Despite diplomatic engagement and rising international pressure, the border remains volatile, with both sides accusing each other of provocation.

The clashes have displaced more than 300,000 people on both sides of the border, underscoring the urgent need for sustained dialogue and a long-term resolution.

China Tower (788.HK) Announces 2025 Interim Results

Deepening “One Core and Two Wings” Strategic Layout


Steady Improvement in Business Quality
Continuously Enhancing Shareholder Returns

HONG KONG SAR – Media OutReach Newswire – 5 August 2025 The world’s largest telecommunications infrastructure service provider China Tower Corporation Limited (“China Tower”, or the “Company”) (Stock Code: 0788.HK) is pleased to announce its interim results for the six months ended 30 June 2025.

Performance Highlights

RMB Million 1H 2025 1H 2024 Change
Operating revenue 49,601 48,247 2.8%
EBITDA[1] 34,227 33,045 3.6%
Profit attributable to owners of the Company 5,757 5,330 8.0%
Basic earnings per share (RMB yuan) (Re-presented) 0.3293 0.3049 8.0%
Dividend per share (RMB yuan) 0.13250 0.01090 21.6%[2]
Key operating data
Number of tower sites (thousand) 2,119 2,070 2.4%
Number of tower tenants (thousand) 3,844 3,731 3.0%
Tenancy ratio (tenants / tower site) 1.81 1.80 0.6%

In the first half of 2025, the Company’s operating revenue maintained steady growth, reaching RMB49,601 million, an increase of 2.8% year-on-year. EBITDA reached RMB34,227 million, an increase of 3.6% year-on-year, with an EBITDA margin[3] of 69.0%. Profit attributable to the owners of the Company reached RMB5,757 million, an increase of 8.0% year-on-year, with a net profit margin of 11.6%, demonstrating a continuous improvement in profitability.

Net cash generated from operating activities amounted to RMB28,679 million, a decrease of RMB4,151 million year-on-year. Capital expenditures stood at RMB12,392 million, with free cash flow[4] reaching RMB16,287 million, down by RMB2,814 million year-on-year. As at 30 June 2025, our total assets amounted to RMB331,127 million, with interest-bearing liabilities of RMB92,639 million and a gearing ratio[5] of 29.5%, representing a decrease of 1.5 percentage points from the end of 2024. Financial position remains healthy and stable.

The Company attaches great importance to shareholder returns. After considering our profitability, cash flow and future development needs, the board of directors of the Company has resolved to distribute an interim dividend of RMB0.13250 per share (pre-tax). We will work towards realizing healthy growth in annual dividend payment per share and creating greater value for shareholders.

Strong foundation helped maintain stable performance in TSP business

The Company fully delivered on its role as part of a nationwide consortium of telecommunication infrastructure developers and as the leading force in new 5G infrastructure construction. We further overcame challenges in the Dual-Gigabit network joint-entry, as well as implementing special projects such as upgrading signal strength and extending broadband coverage to all border areas. We were able to capture opportunities presented by the continuous expansion of 5G network penetration and coverage in China. By working to improve resource coordination and sharing, and enhancing our professional operations, we were able to fully satisfy customer network construction needs and maintain stable growth in the TSP business. In the first half of 2025, our TSP business recorded revenues of RMB42,461 million, an increase of 0.8% year-on-year.

Tower business. We implemented an embedded service mechanism to strengthen customer communications and engagement with a focus on TSPs’ network construction planning. By doing so we were able to acquire orders by customer types and by network standards/frequency bands. Based on site resource data, we proactively conducted network coverage analysis to identify weak coverage areas, enabling the development of comprehensive solutions and regional products to meet customer needs. We focused on resolving customer pain points, continuously tackling difficult sites to gain customer recognition while fully acquiring and addressing customer demands. By adhering to a customer-oriented philosophy, we constantly optimized our business processes, standardized business management, and improved the efficiency of order acquisition and delivery as well as billing and payment collection, in order to enhance service capabilities and customer satisfaction. In the first half of 2025, our Tower business revenue reached RMB37,797 million, maintaining at about the same level year-on-year. As of 30 June 2025, the Company managed a total of 2.119 million tower sites, an increase of 25,000 sites compared to the end of 2024. We gained 35,000 new TSP tenants since the end of 2024, bringing the total number of TSP tenants to 3.579 million. Our TSP tenancy ratio was 1.72.

DAS business. Maintaining a clear focus on high-value scenarios, the Company continued to strengthen its resource coordination and sharing capabilities for key sites such as large transportation hubs, subways, large venues, Grade 3A hospitals, tertiary institutions, and landmark buildings. We collaborated with TSPs to accelerate 5G network upgrades on high-speed railways, achieving a larger share of high-value scenario orders. By furthering joint construction and shared development, we have improved coverage efficiency and unleashed our advantages in coordinated site entry and construction. We supported TSPs in swiftly and economically expanding network coverage to improve people’s livelihoods through scale deployment of shared repeaters in elevators, underground parking lots, highway tunnels, residential properties and other sites. We accelerated 5G upgrades and continuously optimized active and passive DAS sharing solutions to enhance product competitiveness. We piloted shared frequency-shifting solutions during the 5G upgrades of existing DAS to ensure that the network quality improves in line with customer requirements. In the first half of 2025, our revenue from DAS business reached RMB4,664 million, an increase of 12.0% compared to the same period last year, maintaining relatively high growth. As of 30 June 2025, we had covered buildings with a cumulative area of 13.85 billion square meters, up by 20.0% year-on-year, while the coverage in high-speed railway tunnels and subways reached a cumulative length of 30,878 kilometers, representing an increase of 17.0% year-on-year.

Refined operations to boost rapid development of Two Wings business

We continued to strengthen product innovation and optimized business planning to improve our core competencies and promote further development of our Two Wings business, realizing rapid revenue and scale expansion. In the first half of 2025, revenues from our Two Wings business reached RMB6,935 million, accounting for 14.0% of our overall operating revenue and representing an increase of 1.6 percentage points over the same period last year.

Smart Tower business. Focusing on spatial digital intelligence governance, we leveraged our rich resources and capabilities to transform “telecommunication towers” to “digital towers”, which supported national strategies and major projects while improving the quality of our Smart Tower business. In terms of identifying customer demands, we further developed the Smart Tower business across vertical sectors and promoted strategic cooperation with a list-based approach. Our market share expanded and leadership consolidated across key scenarios such as farmland protection, fisheries law enforcement, bushfire prevention, disaster alert, and emergency rescue. In terms of refining our products, we advanced the construction and operations of the distributed platform and optimized our distinctive algorithm warehouse for mid-to-high points. We developed high-quality data sets for digital intelligent governance, further improving the competitiveness of products in key service scenarios. In terms of upgrading service delivery, we continued to elevate the service quality for customers in key industries, centering around the development of high-standard service systems. We reinforced service process management and advanced service upgrades for major projects and key service scenarios. We reinforced our local support and service teams to ensure swift response to customers’ incremental development requirements, continuously enhancing our “companion” service capabilities. In terms of strengthening security, we solidified measures by deepening closed-loop management of network information security risks and improving the technical protection system. We carried out special initiatives to comprehensively enhance technical protection capabilities for network information security across data, terminals, platforms, and cloud networks. In the first half of 2025, our Smart Tower business achieved revenue of RMB4,726 million, a year-on-year increase of 18.7%. Of which, RMB2,822 million was generated from Tower Monitoring business, accounting for 59.7% of our Smart Tower business.

Energy business. We focused on key business segments such as battery exchange and power backup, leveraging core competitiveness in product, service, and platform. We carried out refined operation and turned our Energy business into a specialized business stream. For the battery exchange business, we strengthened our presence in the consumer food delivery market while accelerating expansion among corporate customers. We established a VIP user management system to improve service capabilities and customer retention, driving rapid growth in our user base. As of 30 June 2025, we had approximately 1.470 million battery exchange users, an increase of 166,000 from the end of 2024, further maintaining our leading position in battery exchange for low-speed electric vehicles. Drawing on effective resource allocations, we accelerated the construction of a community charging infrastructure network system, improved operation and management capabilities, provided safe charging services for low-speed electric vehicles to the community, and continuously expanded the scale of service users. For the power backup business, we tapped into pivotal industries such as telecommunications and finance, along with key scenarios, to expand our premium customer base, analyze customer needs, strengthen capabilities, promot a comprehensive “power backup +” industry solution and forge China Tower “energy butler” brand. In the first half of 2025, our Energy business achieved revenue of RMB2,209 million, a year-on-year increase of 9.2%. Of which, the battery exchange business accounted for RMB1,323 million, contributing to 59.9% of the Energy business revenue.

Technological innovation steadily generated positive impact

In the first half of the year, we continued to strengthen technological innovation, building robust momentum for sustainable development. We intensified R&D efforts in critical technologies, including next-generation mobile communications, AI, edge computing, 5G + BeiDou integration, 5G shared DAS, new energy solutions and Internet of Things. We focused on establishing major projects and technical standards with international and industrial impact. By releasing a series of achievement lists, smoothing transformation channels, conducting scientific and technological achievement evaluations, and promoting transformation through categorized measures, we accelerated the channeling of technological achievements into production. We further promoted the management of the “four lists”, namely competencies and capabilities, task and project planning, resource allocation, and the commercialization of research outcomes, to steadily improve the efficiency and performance of innovation. In the first half of 2025, our R&D team size increased by 29%, compared to the same period last year, while the cumulative number of patent authorizations rose by 16% since the end of 2024.

Mr. Zhang Zhiyong, Chairman of China Tower said, “During the first half of 2025, we continued to optimize resource allocation, deepen reform and innovation, promote stable and high-quality operations and development, and improve corporate efficiency, further enhancing our core competitiveness. Looking ahead, we will continue to uphold the philosophy of resource sharing and adhere to the ‘One Core and Two Wings’ strategy to further enhance our core competitiveness, promote high-quality development, and maximize value for shareholders, customers, and society.”


[1] EBITDA is calculated by operating profit plus depreciation and amortization.

[2] The Company’s share consolidation and capital reduction took effect on 20 February 2025. The Company’s total issued share capital was reduced from 176,008,471,024 shares to 17,600,847,102 shares. Taking into account the aforementioned change in total issued share capital, the growth rate is calculated based on the total amount of dividends.

[3] EBITDA margin is calculated by dividing EBITDA by operating revenue, and multiplying the resulting value by 100%.

[4] Free cash flow is the net cash generated from operating activities minus the capital expenditures.

[5] Gearing ratio is calculated as net debt (Interest-bearing liabilities minus the amount of cash and cash equivalents) divided by the sum of total equity and net debt, then multiplied by 100%.

Hashtag: #ChinaTower

The issuer is solely responsible for the content of this announcement.

About China Tower (Stock Code: 0788.HK)

China Tower is the world’s largest telecommunications tower infrastructure service provider, and the Company always adheres to the philosophy of shared development and implements the “One Core and Two Wings” strategy. The Company is principally engaged in the construction, maintenance and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). Meanwhile, relying on unique resources to provide energy application services such as information application and intelligent battery exchange and power backup to the society, the Company strives to build itself into a world-class integrated digital infrastructure service provider, and a highly competitive information and new energy applications provider. As of the end of June 2025, the Company’s total assets amounted to RMB331,127 million. China Tower operated and managed 2.119 million tower sites across 31 provinces, municipalities and autonomous regions in the PRC, and served over 3.844 million tenants with the tenancy ratio of 1.81.

TOMY to Release Playsets in Collaboration between Adult-targeted Brand “tomica” and 30th-year-anniversary Comic “Initial D”

-Products “tomica PREMIUM unlimited STEERING VIEW Initial D” (2 Types) and “tomica PREMIUM unlimited Initial D Fujiwara Tofu Shop” Going on Sale in December 2025 in Japan and Other Regions in Asia; Initial D-related Event to Be Held in Malaysia, Thailand, Japan, Mainland China, etc.-

TOKYO, Aug. 5, 2025 /PRNewswire/ — TOMY Company, Ltd., based in Katsushika Ward, Tokyo, will release products through collaboration between the adult-targeted “tomica” brand of die-cast miniature cars and the comic “Initial D” (published by Kodansha Ltd.), which celebrates its 30th anniversary in 2025.

Image:

(Left) Bunta Fujiwara, father of Initial D’s protagonist Takumi Fujiwara, standing with his arms folded at “Initial D Fujiwara Tofu Shop” and Koichiro Iketani’s car “Initial D NISSAN SILVIA (S13)”
(Right) Playset including dashboard, miniature car, and case:
STEERING VIEW Initial D FD3S RX-7 (Volume 1 specifications) (top)
STEERING VIEW Initial D AE86 TRUENO (Volume 1 specifications) (bottom)
https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI1fl_4fxa88cr.jpg

Going on sale in December 2025 will be four miniature models: tomica PREMIUM unlimited STEERING VIEW Initial D (2 types, suggested retail price: 4,730 yen each/tax included) with a car and dashboard set that appears in the comic, “tomica PREMIUM unlimited Initial D Fujiwara Tofu Shop” (suggested retail price: 5,280 yen/tax included), the home of main character Takumi Fujiwara, and “tomica PREMIUM unlimited Initial D NISSAN SILVIA (S13) Koichiro Iketani,” the car owned by Koichiro Iketani, the core character of the comic. These products will be sold at toy specialty stores and toy sections at department stores/retail stores across Japan, as well as the specialized TOMICA store “TOMICA SHOP,” online toy shops and TOMY’s official online store TOMY MALL ( https://takaratomymall.jp/shop/), among others. Reservations will be accepted at “TOMY MALL” from August 5 (Tuesday), 2025.

The products are planned to be launched in 11 Asian countries/regions: Japan, Mainland China, South Korea, Hong Kong SAR, Taiwan region, Singapore, Malaysia, Thailand, the Philippines, Indonesia and Vietnam. They will be gradually rolled out to countries/regions outside Japan.

Moreover, Initial D-related products will be displayed at events in Japan and abroad, including the “AUTO SALON 2025” custom car show in Malaysia and Thailand (August), the “Initial D 30th anniversary 2 Days” special event at Shizuoka’s Fuji International Speedway (September), and the “All in TUNING 2025” China International Automotive Customization and Tuning Exhibition (October). Additionally, “DREAM TOMICA Initial D SPECIAL SET,” a set of five miniature vehicles from the comic, will be sold exclusively at these events.

Customers can also enjoy taking pictures of the car and Fujiwara Tofu Shop through the dashboard and share them on social media: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI2fl_iWV59t85.jpg 

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI3fl_AQVCJed5.jpg

Product highlights:

To commemorate the 30th anniversary of the comic “Initial D,” four playsets will be released from “tomica PREMIUM unlimited,” a product line based on movies, animations, comics, and dramas. These playsets, created under the concept of “tomica+,” are geared toward adult fans with an avid “Asobi (playing)” spirit, featuring TOMICA cars of predominant characters that are essential for recreating key scenes.

The products are developed in homage to “Initial D,” the globally beloved Japanese comic with the hope of allowing fans to fully immerse themselves in its iconic world. Each item carefully recreates memorable elements from early story, such as “Takumi’s dashboard with a cup,” “the intense car chase between Takumi and Keisuke Takahashi,” and “Fujiwara Tofu Shop” where Bunta stands with his arms folded.

In addition, the products allow fans to experience both the driver’s perspective and the view from outside the car, offering a fresh and immersive way to enjoy the iconic driving scenes. The charm of the product becomes even more apparent with hands-on play. These TOMICA models are designed to captivate adult fans, delivering an experience that can be genuinely enjoyed and deeply engaging.

Tadashi Sasuga, General Manager of Global TOMICA Office, Brands Business at TOMY Company’s Business Headquarters, says: “TOMICA is celebrating its 55th anniversary this year, and is expanding its lineup of ‘tomica’ brands targeting ‘kidults,’ or adults with playful minds. We are very pleased that this collaboration with the globally successful ‘Initial D’ comic series, celebrating its 30th anniversary, will enable us to provide an experience where adults can be fully engaged in play and let fun take over. We look forward to meeting TOMICA and Initial D fans at global events.”

Product lineup

-tomica PREMIUM unlimited STEERING VIEW Initial D AE86 TRUENO (Volume 1 specifications; suggested retail price: 4,730 yen/tax included)

Dashboard with a speedometer and a cup in the cup holder:
https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI4fl_jz1dRG03.jpg

Product packaging with notable scenes from the comic: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI5fl_4C5su802.jpg

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI6fl_5efbfPY4.jpg

-tomica PREMIUM unlimited STEERING VIEW Initial D FD3S RX-7 (Volume 1 specifications; suggested retail price: 4,730 yen/tax included)

Dashboard with modified boost gauge, audio equipment, and air conditioning: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI7fl_kV6b25vZ.jpg 

Product packaging printed with famous scenes from the comic: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI8fl_Iq12113c.jpg 

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI9fl_CO10v500.jpg 

-tomica PREMIUM unlimited Initial D Fujiwara Tofu Shop (suggested retail price: 5,280 yen/tax included)

Including figurine (Bunta Fujiwara) and road panels to help recreate the scenes from the story: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI11fl_ZdtmvPbQ.jpg
*TOMICA is not included and sold separately.

Bunta’s silhouette making a phone call appears in the first-floor window, while Takumi’s silhouette with the little holiday tree brought by Natsuki appears in the second-floor window. The set includes a lighting function with flickering fluorescent lights that illuminate the window in alternating green and red.

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI10fl_tAC0UXEK.jpg

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI16fl_3nF6iCpW.jpg 

-tomica PREMIUM unlimited Initial D NISSAN SILVIA (S13) Koichiro Iketani (suggested retail price: 1,430 yen/tax included)

Iketani’s customizations including bucket seats, wheels, team stickers, mufflers, etc. are reproduced in detail: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI12fl_88o5ZBEC.jpg

Product packaging with illustrations from comic: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI13fl_4XP74XWT.jpg

Common information
Release date: December of 2025
Target age: 6 years and up
Copyright notice: (C) TOMY (C) Shuichi Shigeno/KODANSHA
Official website:
https://www.takaratomy.co.jp/products/tomica/tomicabrand/plus/initial_d/

Events around the world
Initial D will be showcased in a product booth at various events for fans around the world and in Japan.

Malaysia
Custom Car Show “TOKYO AUTO SALON KUALA LUMPUR 2025″
Dates: August 8 (Fri.) – 10 (Sun.), 2025
https://www.tokyoautosalonkl.com/

Thailand
Custom Car Show “BANGKOK AUTO SALON 2025″
Dates: August 27 (Wed.) – 31 (Sun.), 2025
https://www.tokyoautosalon.jp/2025/news/20250110_03/

Japan
Special event “Initial D 30th Anniversary 2 Days”
Dates: September 13 (Sat.) and 14 (Sun.), 2025
https://fujimotorsportsforest.jp/static/initial-d-30th/

-Mainland China
China international automotive customization and tuning exhibition “All in TUNING 2025”
Dates: October 17, 2025 (Fri.) – 19 (Sun.)
https://www.yasnshow.com/official-announcement/one-minute-preview-of-the-2025-ait-dongguan-tuning-show-all-in-tuning.html

Event exclusive: DREAM TOMICA Initial D special set

As a 30th anniversary commemorative product, a special set featuring a lineup of five cars such as “AE86 TRUENO,” “S13 SILVIA,” “FC3S RX-7,” “FD3S RX-7,” and “TOYOTA MR2 SW20” will be available only at the event. The special design package features a printed signature of Shuichi Shigeno, the author of Initial D.
Release date: August 8 (Fri.), 2025
Suggested retail price: 4,950 yen/tax included

The product package is decorated with the 30th anniversary logo on the front, creating a sense of luxury that is unique to the anniversary:
https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI14fl_UP63JX6L.jpg

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI15fl_z2JEh898.jpg

VT Trading Arena Heats Up With Less than One Month Left as Traders Compete for the Prize Pool of up to USD1,000,000

SYDNEY, Aug. 5, 2025 /PRNewswire/ — VT Markets‘ 10 week global trading competition, VT Trading Arena, has reached new milestones, reinforcing its status as one of the premier global trading events of the year as traders compete for a share of the remarkable USD1,000,000 prize pool.

VT Trading Arena Heats Up as Traders Compete for the Prize Pool of up to USD1,000,000
VT Trading Arena Heats Up as Traders Compete for the Prize Pool of up to USD1,000,000

The VT Trading Arena has witnessed an overwhelming global response, attracting traders of all experience levels. This impressive turnout reflects the international appeal of the competition, which has united traders from various regions and backgrounds.

–       Total Trading Volume Surpasses USD2B in the First 4 Weeks: This immense trading activity is a clear reflection of the serious stakes participants are playing for and the competitive spirit that defines the event.
–       Most Traded Symbols: The most-traded symbols in the competition reveal valuable insights into the strategies of global traders. High-volume Forex pairs, such as EUR/USD, GBP/USD, and USD/JPY, dominate the leaderboard. This strategic focus on major currency pairs underscores the importance of liquidity and price movements in shaping effective trading strategies. As traders adapt their approaches to market conditions, these popular pairs remain at the heart of the action.
–       USD300,000 Awarded Through Spin the Wheel: A key feature of the competition, the Spin the Wheel reward mechanism, has already distributed over USD300,000 in cash prizes and additional rewards. Participants have enjoyed multiple opportunities to win various prizes, including cash payouts, trading vouchers, and exclusive event tickets, adding an extra layer of excitement to the competition.

The VT Trading Arena rewards participants throughout the competition, with the top trader every 5 weeks receiving a grand prize of USD10,000. Second and third place finishers are awarded USD7,000 and USD3,000, respectively, providing further motivation to remain engaged.

For more information on how to participate, eligibility requirements, and the full list of prizes, please visit: https://vttradingarena.com/

*Terms and Conditions apply.

Upcoming Promotions

Adding to the excitement of the VT Trading Arena, VT Markets are rolling out a series of upcoming flash sale promotions:

–       10-Day Flash Sale (August 25 – Sep 3): Earn up to $300 cashback when you trade with selected group of US and metal products!
–       5-Day Limited-Time Offer (August 18-22): Stand a chance to win a 14-inch MacBook Pro with every $500 deposit in the eligible trading instruments.