China Communications Services Corp. Ltd. Class H · HKEX:552
China Communications Services Corp. Ltd. Class H — FY2025 Earnings Presentation
41 slides from China Communications Services Corp. Ltd. Class H's earnings presentation, Mar 31, 2026
Slide 1: 2025 Annual Results
CHINA COMMUNICATIONS SERVICES CORPORATION LIMITED Stock Code : 00552.HK 2025 Annual Results 31 March 2026 www.chinaccs.com.hk
Slide 2: Management Present
Management Present EXECUTIVE DIRECTOR, PRESIDENT MR. CUI ZHANWEI EXECUTIVE DIRECTOR, EXECUTIVE VICE PRESIDENT & CFO MR. SHEN AQIANG EXECUTIVE VICE PRESIDENT MR. ZHANG HAO 2
Slide 3: Overview, Business Review, Financial Results
01 02 03 Overview Business Financial Review Results 3
Slide 4: Highlights
Highlights Navigating Challenges with Resilience and Achieving Steady yet Improving Operating Performance Driving Efficiency Through Quality Enhancement and Cost Reduction to Firmly Promote High-quality Development Deepening the Service Connotation of the "Four Roles" to Empower Transformation and D
Slide 5: Performance Overview (1): Stable and Improving Operating Performance
Performance Overview (1): Stable and Improving Operating Performance Demonstrating Resilience in Challenging Environment Reasonable Growth in “Quantity” Effective Improvement in “Quality” Revenues and Total New Contracts Sustained at Gross Profit Margin Stabilized in 2H2025, Net Profit and Revenues
Slide 6: Performance Overview (2): Achieving Steady and Progressive Business Development
Performance Overview (2): Achieving Steady and Progressive Business Development Proactively Navigating Challenges such as Reduced Customers’ Investment Seized the Opportunities Brought by the Construction of AI Computing Power and the Country’s Adherence to the Direction of Intelligentization, Green
Slide 7: Review of the 14th Five-year Plan Period (1)
Review of the 14th Five-year Plan Period (1) Overcame Difficulties and Achieved Steady Enhancement for Major Performance Indicators Total New Contracts Revenues Gross Profit Operating Profit1 Net Profit (RMB’Bn) (RMB’Bn) (RMB’Bn) (RMB’Bn) (RMB’Bn) CAGR CAGR CAGR CAGR CAGR 4.2% 4.1% 4.4% 5.9% 3.2% 20
Slide 8: Review of the 14th Five-year Plan Period (2)
Review of the 14th Five-year Plan Period (2) Innovated and Optimized Business Models to Promote Sustained Revenue Growth Actively Promoted the Continuous Optimization of Business and Customer Mix to Effectively Mitigate the Impact of Fluctuations in the CAPEX Cycle of Revenue Mix Domestic Telecom Op
Slide 9: Planning for the 15th Five-year Plan Period
Planning for the 15th Five-year Plan Period Deepening the Connotation of “1 Positioning, 4 Roles” to Empower the Transformation and Development Needs Actively Integrating New Technologies such as AI, Innovating Service Models, Improving Comprehensive Service Capabilities to Serve National Strategies
Slide 10: Accurately Targeting Market Demand and Enhancing Technological Innovation Capabilities
Accurately Targeting Market Demand and Enhancing Technological Innovation Capabilities Strengthening the Drive from Technological Innovation and Accelerating the Cultivation of New Quality Productive Forces Focus on Core Sectors to Invest in R&D Cultivate High-level Expert Talent ⚫ R&D Investment: R
Slide 11: Firmly Grasping the Strategic Opportunities of AI (1)
Firmly Grasping the Strategic Opportunities of AI in the 15th Five-year Plan Period (1) Building a New Engine for Development Artificial Intelligence Reshaping the Leveraging CCS’s Own Advantages to Transform the Potential into Industrial Landscape Real Productivity Accelerating the Improvement of t
Slide 12: Firmly Grasping the Strategic Opportunities of AI (2)
Firmly Grasping the Strategic Opportunities of AI in the 15th Five-year Plan Period (2) Effectively Converting AI Dividend into New Momentum for High-quality Development ⚫ More than 3,700 contracts were driven by AI, with a total amount of over RMB5 billion, increased by more than 25% year-on-year ⚫
Slide 13: Firmly Grasping the Strategic Opportunities of AI (3)
Firmly Grasping the Strategic Opportunities of AI in the 15th Five-year Plan Period (3) Fully Embracing AI to Accelerate Business Deployment China Comservice AI Architecture Application Pilot Action: Driving the Large-scale Scenario Value Realization Government Emergency Energy Transportation Educat
Slide 14: Gearing Up for New Areas and Focusing on New Businesses
Gearing Up for New Areas and Focusing on New Businesses Optimizing Business Models and Expanding Customer Base Digital Infrastructure Smart City Seizing the Opportunity from Surging AI-driven Demand for Computing Power, Seizing the New Opportunities of Urban Renewal and Embarking on a New Business S
Slide 15: Shareholders' Return Remained Stable with Enhancement
Shareholders’ Return Remained Stable with Enhancement Dividend per Share Has Grown Continuously Total Dividend Payout Ratio The Board Has Proposed: (%) 42% 43% ⚫ Dividend per Share: RMB0.2241, +2.5% year-on-year 42% 40% 38% ⚫ Dividend Payout Ratio: 43%, +1pp year-on-year 36% 36% 36% 36% 36% 33% Duri
Slide 16: Implementing the Green Strategies and Deepening ESG Governance
Implementing the Green Strategies and Deepening ESG Governance Empowering Green Transformation and Value Creation, Building New Advantages for Sustainable Development Environmental Social Governance Tapping into the New Area of Green Fulfilling Social Responsibilities and Optimizing Corporate Govern
Slide 17: Charting the Course for the 15th Five-year Plan Period
Charting the Course for the 15th Five-year Plan Period Leveraging Unique Capabilities and Advantages to Seize Broad Market Opportunities Keeping Pace with the Country’s Construction of a Modern Industrial System Based on Core Competencies and Distinctive Value which is Intelligent, Green and Integra
Slide 18: Driving the Enhancement of the Company Value
Driving the Enhancement of the Company Value Promoting the Alignment of its Market Value with Intrinsic Value Enormous Potential: Fully embrace AI and effectively convert AI dividend into new momentum for high- quality development Multiple Advantages: Leverage the advantage of integrated service
Slide 19: Business Review
01 02 03 Overview Business Financial Review Results 19
Slide 20: Business Revenue Breakdown
Business Revenue Breakdown (RMB’M) 2024 2025 Change % % of Revenues TIS (Telecommunications Infrastructure Services) Design 9,917 8,940 -9.9% 6.0% Construction 60,673 61,015 0.6% 40.6% Supervision 4,582 4,436 -3.2% 3.0% Subtotal 75,172 74,391 -1.0% 49.6% BPO (Business Process Outsourcing Services) M
Slide 21: Overall Performance by Business and Market
Overall Performance by Business and Market By Business Revenue Structure By Market Became More Diversified, (RMB’ M) +0.1% (RMB’ M) +0.1% Enhancing Development 150,000 150,093 150,000 150,093 Resilience 4,228 +1.0% 4,268 31,369 +0.9% 31,640 Overseas 62,169 +5.5% 65,613 Customer ACO 43,459 +1.4% 44,0
Slide 22: Domestic Operator Market: Proactively Addressing the Impact of Declining CAPEX
Domestic Operator Market: Proactively Addressing the Impact of Declining CAPEX Focused on Customers’ Needs in Accelerating the Construction of New Digital Information Infrastructure Revenue (RMB’M) -4.1% ⚫ Benefiting from increased investment by domestic operators in areas such as computing power an
Slide 23: Domestic Non-operator Market: Persisted in High-quality Development
Domestic Non-operator Market: Persisted in High-quality Development, Three Major Businesses Grew Steadily Seized the Opportunities of AI-driven Intelligent Computing and Data Center Construction, Urban Renewal and Green Transformation Revenue (RMB’M) ⚫ New Contracts: Both Internet & IT and energy in
Slide 24: Overseas Market: Advanced Overseas Development in a Proactive and Prudent Manner
Overseas Market: Advanced Overseas Development in a Proactive and Prudent Manner Consolidated Traditional Communications Business and Promoted Business Transformation and Upgrading Revenue (RMB’M) Keeping Pace with the National “Belt and Road” Initiative +1.0% Coordinating High-quality Development a
Slide 25: Gearing Up for New Areas and Focusing on New Businesses (1)
Gearing Up for New Areas and Focusing on New Businesses (1) Digital Infrastructure ⚫ Fully serving the national strategic project of “East Data, West ⚫ Integrating into the AI+ areas of government and central Computing” state-owned enterprises to proactively deploy in the markets ⚫ Seizing the strat
Slide 26: Gearing Up for New Areas and Focusing on New Businesses (2)
Gearing Up for New Areas and Focusing on New Businesses (2) Smart City ⚫ Comprehensively implementing the guiding principles of the ⚫ Strengthening AI applications to empower urban Central Urban Work Conference development ⚫ Leveraging high-end consulting to capture opportunities in ⚫ Accelerating S
Slide 27: Gearing Up for New Areas and Focusing on New Businesses (3)
Gearing Up for New Areas and Focusing on New Businesses (3) New Energy, Power Distribution Network ⚫ Keeping pace with the trend of electricity market reform to ⚫ Striving to promote the digitalization of new power accelerate the development of the power distribution system business ⚫ Deepening the
Slide 28: Gearing Up for New Areas and Focusing on New Businesses (4)
Gearing Up for New Areas and Focusing on New Businesses (4) CCS Smart Maintenance Leveraging Smart Operation and Maintenance as an Entry Point, We Restructure the “Marketing, Delivery and Product” Systems to Transform from Project-centric to Customer-centric Business Model, and Promote the Upgrade f
Slide 29: Forging Successful Project Cases or Applications (1)
Forging Successful Project Cases or Applications (1) Scan QR Code for Case Details New Energy, Power Distribution Data Center Network ⚫ A Big Data Application Demonstration Base ⚫ A Distributed Photovoltaic Storage Integration Project of a Bank in Gui’an New Area, Guizhou Project Province Adopting E
Slide 30: Forging Successful Project Cases or Applications (2)
Forging Successful Project Cases or Applications (2) Scan QR Code for Case Details AI+ Applications and Cases ⚫ Procurement Supply Chain Large Model ⚫ Wise Bidding Deeply integrating the knowledge system of Focusing on the four core businesses of bidding procurement experience accumulated for 15 yea
Slide 31: Ensuring Effective Strategy Execution
Ensuring Effective Strategy Execution Striving to Achieve the Goals for the 15th Five-year Plan Period Adhering to the Strategic Positioning of “1 Positioning, 4 Roles” and Promoting the Upgrading of the Connotation of “New Generation Integrated Smart Service Provider” Systematically Carrying Out th
Slide 32: Financial Results
01 02 03 Overview Business Financial Review Results 32
Slide 33: Key Financial Indicators
Key Financial Indicators (RMB’M, Except EPS) 2024 2025 Change % % of Revenues Revenues 150,000 150,093 0.1% 100% Cost of Revenues 132,404 133,136 0.6% 88.7% Direct Personnel Costs 8,208 7,711 -6.1% 5.1% Materials Costs 25,579 26,416 3.3% 17.6% Direct Costs of Products Distribution 2,815 2,749 -2.3%
Slide 34: Deepened Quality Enhancement and Cost Reduction to Promote Efficiency Improvement
Deepened Quality Enhancement and Cost Reduction to Promote Efficiency Improvement Cost/Expense as a % of Revenues ✓ Continuously Achieving Results from Cost Reduction and Efficiency Enhancement Work Direct Personnel 5.5% -0.4pp 5.1% Costs Direct Personnel Costs (▼0.4pp) Materials ⚫ Rationally optimi
Slide 35: Implemented Multiple Measures to Improve Efficiency and Profitability
Implemented Multiple Measures to Improve Efficiency and Profitability, Achieving a Positive Trend in Gross Profit Margin Gross Profit Margin Implementing Various Proactive Measures to Narrow the Decline in Gross Profit Margin in 2H2025 Full Year of 2024：11.7% Full Year of 2025：11.3% Striving to Achi
Slide 36: Effectively Managed Accounts Receivables, Cash Flow Recovered with a Positive Trend
Effectively Managed Accounts Receivables, Cash Flow Recovered with a Positive Trend Free Cash Flow1 (RMB’M) +14.1% ⚫ In 2025, the full-year free cash flow was RMB795 million, with a 8,422 7,379 robust recovery in the second half of the year, increased by 14.1% year-on-year ⚫ The Company proactively
Slide 37: Financial Position Remained Healthy
Financial Position Remained Healthy Gearing Ratio Consistently Remained at a Low level Asset-liability Ratio Decreased for the First Time in Recent Years (RMB’M) 31.12.2024 31.12.2025 Total Assets 136,618 136,682 In which: Cash and Deposits1 38,110 33,755 Accounts Receivables and Contract Assets 63,
Slide 38: Thank You!
If You Wish to Access the Company Information or Further Communicate with Us Please Visit Our Website www.chinaccs.com.hk Thank You! or Contact Investor Relations Department [email protected] 38
Slide 39: Appendix
ES PER ISARH| 39 CHINACOMBERDICE
Slide 40: Business Revenue Breakdown – by Market
Business Revenue Breakdown – by Market (RMB’M) 2024 2025 Change Change % TIS (Telecommunications Infrastructure Services) Domestic Operator 41,087 37,755 -3,332 -8.1% Domestic Non-operator 31,038 33,564 2,526 8.1% Overseas Customer 3,047 3,072 25 0.8% Subtotal 75,172 74,391 -781 -1.0% BPO (Business
Slide 41: Forward-looking Statement
Forward-looking Statement The Company would like to caution readers about the forward-looking nature of certain statements herein. These forward-looking statements are subject to risks, uncertainties and assumptions, which are beyond its control. Potential risks and uncertainties include those conce
China Communications Services — FY2025 Earnings Presentation on 6ix