China Communications Services (00552) announced interim results, net profit of 1.97 billion yuan, down 7.5% year on year

According to the Zhitong Finance App, China Communications Services (00552) announced interim results for the six months ended June 30, 2026. Operating revenue was RMB 74.48 billion, down 3.2% year on year. Net profit was RMB 1.97 billion, a year-on-year decrease of 7.5% (a decrease of 3.2% in comparable terms). The gross margin was 10.0%, and the year-on-year decline moderated. The net profit margin (comparable caliber) remained basically stable compared to the same period last year.

The Group explores the huge potential of the AI+ market. Revenue in the AI+ sector (AIDC, AI applications) increased 62% year-on-year in the first half of the year, accounting for 10% of operating revenue.

The Group has laid out a new “Six Space+” track, including the “Six Major Space+” businesses, including AIDC, AI applications, intelligent communication, dual carbon, distribution grids, and low-altitude economy. The amount of new contracts signed increased 11% year-on-year, accounting for about 34% of the total amount of new contracts signed, which became the core driving force for the high-quality development of enterprises.

In order to further enhance the stability, sustainability and predictability of cash dividends and demonstrate confidence in future development, the company has formulated a shareholder dividend return plan for the next three years. The dividend ratio will increase steadily from 2026 to 2028. It is expected that in the fiscal year ending December 31, 2028, the dividend ratio will not be less than 46%.