- Business
- China Communications Services Corporation Limited (HKSE: 552) provides integrated telecommunications support services worldwide, encompassing telecommunications infrastructure services including planning, design, construction, project supervision and management for fixed-line, mobile, broadband networks, data centers and supporting systems; business process outsourcing services comprising network maintenance and optimization for fiber optic cables, mobile base stations, network equipment and terminals, general facilities management for data centers, cloud computing bases, commercial and residential buildings, high-speed railway stations and airports, and supply chain services including warehousing, transportation, integrated logistics, procurement, tendering, quality inspection, repair and disposition; and applications, content and other services such as system integration, software development, system support, value-added services, submarine cable installation, distribution of communication and information products, terminals sales and IT device procurement. The company, incorporated in 2006 and headquartered in Beijing, China, operates primarily in the People's Republic of China with extensions to dozens of countries and regions globally, serving major domestic telecommunications operators including China Telecom, China Mobile and China Unicom as well as China Tower Corporation Limited, government agencies, industrial customers, small and medium enterprises and overseas clients in sectors like government, construction, Internet and IT, transportation, electricity and smart city applications. It maintains over 100 specialized subsidiaries and leverages technologies including 5G, AI, IoT, big data and blockchain across key product portfolios such as CCS Intelligent Manufacturing Execution System (MES), CCS IoT Platform, CCS Data Aggregation Big Data Governance Platform, CCS Intelligent Warehouse Management System (WMS), cybersecurity platforms, smart city governance platforms, digital government solutions, emergency management platforms for production safety, urban public safety and natural disasters, smart sports platforms, smart education systems, intelligent building management systems, blockchain platforms, maintenance cloud and carbon neutral data management platforms.
In strategic emerging businesses, the company delivers smart solutions for digital infrastructure like intelligent computing centers, green and low-carbon initiatives including energy-saving cloud platforms and EPC general contracting for new energy projects, smart city applications in social governance, digital government and transportation, and emergency management and security with network information security products and disaster monitoring platforms; these accounted for 37% of new contract value in 2024, up from 30% in 2023, with over 30% year-on-year growth in new contracts across these fields.
Recent developments include announcement of 2024 annual results on March 27, 2025, showing total revenues of RMB150 billion, up 0.9% year-on-year, with service revenues up 1.9% to RMB146.2 billion, gross profit margin steady at 11.7%, net profit up 0.6% to RMB3.6 billion and free cash flow up 20.4% to RMB5.2 billion; acceleration in overseas revenue growth to 22.3% reaching RMB4.2 billion via Belt and Road projects in digital infrastructure and industrial digitalization; undertaking approximately 20 large-scale digital infrastructure projects each over RMB100 million and multiple green low-carbon EPC contracts exceeding RMB100 million; over 30% growth in new contracts for smart city and emergency management sectors; advancement in AI deployment with nearly 100 key industry products commercialized, over 3,900 patents accumulated and selection into national cybersecurity exemplary cases; and approval of updated Articles of Association on October 23, 2025.