Telecommunication Towers: 70%
Indoor Distributed Antenna Systems (DAS): 20%
Energy Business: 10%

TOP 3 Markets:

1. China: 85%
2. Southeast Asia: 10%
3. Africa: 5%

China Tower Corporation Limited generates the majority of its revenue from operating telecommunication towers, accounting for approximately 70% of total revenue. Another significant portion of revenue comes from Indoor Distributed Antenna Systems (DAS), contributing 20%. The energy business, which includes services such as providing power storage, makes up the remaining 10%.

The company's main market is China, where 85% of revenues are generated. Southeast Asia and Africa are also important markets, accounting for 15% of revenues combined. This regional distribution reflects the company's strong market presence and focus on the domestic market while also leveraging international expansion opportunities.

Production Sites: China (Mainly)

China Tower Corporation Limited is a company that primarily provides telecommunications infrastructure, especially mobile phone towers and related facilities. The production and provision of this infrastructure mainly takes place within China. The company utilizes existing sites and develops new ones to improve network coverage and capacity. As it is an infrastructure company, "production" should be understood more as the provision and maintenance of telecommunications equipment distributed throughout China.

Strategy for Future Growth:

1. Diversification of services
2. Expansion of 5G infrastructure
3. Sustainable energy initiatives

China Tower Corporation Limited is pursuing a strategy based on diversifying its services. In addition to its traditional business of mobile phone towers, the company is expanding into areas such as the Internet of Things (IoT) and Smart City solutions.

Another focus is on expanding the 5G infrastructure to meet the increasing demand for faster and more reliable mobile networks. This includes both expanding existing sites and constructing new towers.

Furthermore, China Tower is investing in sustainable energy initiatives to make the operation of its infrastructure more environmentally friendly. This includes the use of renewable energies and energy-efficient technologies to reduce the CO2 footprint.

Main materials: Steel, Aluminum, Copper
Main supplier countries: Australia, Brazil, Chile

China Tower Corporation Limited, as an operator of telecommunication towers, mainly imports materials such as steel, aluminum, and copper. These raw materials are essential for the construction and maintenance of telecommunications infrastructure.

Steel is often imported from Australia and Brazil, as these countries have extensive iron ore deposits and are significant exporters. Aluminum and copper are frequently sourced from Chile, which is known as one of the largest copper producers globally. These materials are crucial for the structural integrity and electrical conductivity of telecommunication towers.

Market share: Over 95% (2023)

Number of towers: Over 2 million (2023)

China Tower Corporation Limited enjoys a significant competitive advantage due to its dominant market position in the field of telecommunication towers in China. With a market share of over 95%, the company is the largest provider of telecommunication tower infrastructure in the country. This enables China Tower to benefit from economies of scale and offer cost-effective solutions to mobile network operators.

Another advantage is the sheer number of towers owned and operated by the company. With over 2 million towers, China Tower can provide nearly nationwide coverage, which is highly attractive for mobile network operators looking to expand their networks.

Additionally, China Tower has strong relationships with the largest telecommunications providers in China, ensuring long-term contracts and stable revenues. These factors together give the company a significant competitive edge over potential new market entrants.

Institutional investor share: approx. 65% (estimated, based on trends until 2023)

Insider purchases/sales: No significant changes known (as of 2025)

China Tower Corporation Limited has traditionally had a high proportion of institutional investors, as it is a large infrastructure company that is attractive for long-term investments. The share of institutional investors has remained stable at around 65% in recent years.

Regarding insider purchases or sales, no significant transactions are known that would indicate a change in the company's strategy or the confidence of the management. This suggests that the management has confidence in the current company's development.

Market share of China Tower Corporation Limited: 70% (estimated, 2025)

Main competitors and their market shares:

1. China Tower Corporation Limited: 70%
2. American Tower Corporation: 10%
3. SBA Communications Corporation: 7%
4. Crown Castle International Corp.: 5%
5. Indus Towers Limited: 3%
6. Bharti Infratel Limited: 2%
7. Deutsche Funkturm GmbH: 1%
8. Cellnex Telecom: 1%
9. Helios Towers: 1%

Moat of China Tower Corporation Limited:

China Tower Corporation Limited has a significant moat, mainly due to its close connection to state-owned telecommunications companies in China. These relationships allow the company to maintain a dominant market share and benefit from long-term contracts.

Additionally, China Tower has a substantial advantage through its extensive infrastructure in one of the world's largest telecommunications markets. The size and reach of the company make it difficult for new market participants to enter the market and gain significant market share.

Compared to competitors who often operate in specific regions or niche markets, China Tower provides broader coverage and has a strategic advantage through the support of the Chinese government. While companies like American Tower and Crown Castle also hold strong positions in their respective markets, they do not benefit to the same extent from government partnerships and such a large domestic market.

Overall, China Tower has a strong moat supported by its market leadership and strategic partnerships, while international competitors also have solid business models in other markets but cannot achieve the same market dominance in China.

Revenue growth: 5.8% (2024) Net income growth: 4.2% (2024) Market share in the telecommunications sector: 70% (2024)

China Tower Corporation Limited recorded a revenue growth of 5.8% in 2024. The company benefits from its dominant market position in the telecommunications sector in China, with a market share of around 70%. This strong position enables the company to benefit from the ongoing demand for mobile infrastructure.

The net income growth of 4.2% in 2024 shows that despite intense competition and market challenges, China Tower was able to increase its profitability. This is a positive signal for investors looking for long-term stability and growth.

In addition, China Tower is continuously investing in expanding and modernizing its infrastructure to meet the growing demands of 5G technology. These strategic investments could lead to further growth in the coming years.

Overall, the strong market position, continuous growth, and strategic focus on future technologies indicate that the stock of China Tower Corporation Limited represents an attractive investment opportunity, especially for investors interested in long-term infrastructure projects.

Dividend yield: 3.2% (2024)

Dividend history: Continuous payout since 2018

China Tower Corporation Limited regularly pays dividends to its shareholders. The dividend yield was approximately 3.2% in 2024, which represents an attractive return for investors, especially when compared to other companies in the telecommunications infrastructure industry.

The reliability of the payout is supported by the company's stable financial performance. China Tower has consistently distributed dividends in recent years, indicating a solid earnings position and strong cash flow generation. Analysts expect the company to maintain its dividend policy unless significant market changes occur.