As of June 30, 2021, China Tower had 2.0 million tower sites in China with a tenancy ratio of 1.68x. Indeed, this equates to 3.4 million tenants with equipment on the company’s towers.
In Q2 2021, China Tower reported total revenue of RMB21.5bn ($3.3bn), a 1.8% increase quarter-over-quarter, and EBITDA of RMB15.6bn ($2.4bn), a 0.5% increase quarter-over-quarter. Therefore, the company’s EBITDA margin was 72.6% in Q2 2021, an ~90 bps decline quarter-over-quarter.
