China Communications Services Co., Ltd. (China Communications Services) held a press conference on its 2023 interim results in Hong Kong on the 24th. During the period, the operating income of China Communications Services was 73.17 billion yuan (RMB, the same below), a year-on-year increase of 5.7%; the net profit was 2.034 billion yuan, a year-on-year increase of 7.3%.
According to the financial report, China Comservice’s telecommunications infrastructure service revenue increased by 7.5% year-on-year to 37.688 billion yuan, of which design service revenue increased by 15.3% year-on-year to 5.2 billion yuan; business process outsourcing service revenue was 21.729 billion yuan, a year-on-year increase of 0.9%; Applications, content and other services increased by 8.6% year-on-year to 13.753 billion yuan, of which software development and system support services revenue increased by 31.5% year-on-year to 2.613 billion yuan, maintaining a growth rate of more than 20% for many years in a row.
In addition, the gross profit margin of China Communications Services reversed the decline in previous years and increased by 0.2% to 10.7% year-on-year. Liu Guiqing, chairman of China Communications Services, said that it is expected that the company's gross profit margin will further increase. Confident that the annual revenue will record high single-digit growth, and the growth rate of net profit will be higher than the growth rate of revenue.
Talking about the vigorous expansion of cloud computing by mainland telecommunications companies, Liu Guiqing said that the demand for data centers and supercomputing centers continues to rise. China Communications Services, as the main force of construction, believes that it will benefit.
In terms of artificial intelligence and 6G (sixth generation mobile communication technology), Liu Guiqing said that China Communications Services will invest in large-scale industry models and actively participate in 6G-related development. Big plus.
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