CITIC Telecom International Forecasts Up to 30% Drop in 2024 Profit
Citic Telecom International Holdings Sees 2024 Net HK$860M-Net HK$920M, Down 25%-30% on Year >1883.HK
CITIC TELECOM (01883.HK) expects to record a Shareholder attributable profit of 0.86 billion Hong Kong dollars to -0.92 billion Hong Kong dollars for the 2024 fiscal year.
According to Glorious Investment on December 13, CITIC TELECOM (01883.HK) announced that the group expects to record a profit attributable to Shareholders for the year ending December 31, 2024 ("2024 fiscal year") between 0.86 billion HKD and 0.92 billion HKD, a decrease of 25% to 30% compared to the year ending December 31, 2023.
In the profit warning, CITIC TELECOM (01883.HK) expects full-year earnings to decrease by at least 25% year-on-year.
CITIC TELECOM (01883.HK) has issued a profit warning, expecting that for the fiscal year ending December 31, 2024, the profit attributable to Shareholders will be between 0.86 billion and 0.92 billion yuan, a decrease of 25% to 30% compared to the fiscal year ending December 31, 2023. CITIC TELECOM explains that in the first half of 2024, the profit attributable to Shareholders decreased by 37% year-on-year, mainly due to various external environmental changes. Since the second half of 2023, some clients have made corresponding Business adjustments, resulting in a significant year-on-year decrease in international telecom business revenue in the first half of 2024, which has also led to the above preliminary expectations.
CITIC TELECOM: Inside Information Announcement - Profit Warning
Express News | China Communications Enterprise Association: To ensure the security and stability of the information communication industry chain and supply chain, caution should be exercised in purchasing American chips.
CITIC Telecom Announces Board Changes With New Appointment
citic telecom (01883.HK): Zhao Lei will be appointed as a non-executive director.
December 3, GeLongHui丨Citic Telecom (01883.HK) announced changes to the board of directors, effective December 6, 2024: Zhang Bo will resign as the company's non-executive director due to work arrangements; and Zhao Lei will be appointed as the company's non-executive director.
The Credit Card Center of the Silver Bank International cooperates with Macau Telecom to deepen collaboration.
Silver International announced that in collaboration with China Citic Bank Corporation Credit Card Center and Macau Telecom, the three parties will deepen their partnership. They will take the "Silver International Greater Bay Area Dual Currency Credit Card" as an opportunity to explore business growth points, enhance product competitiveness and customer acquisition capabilities, while providing more convenient banking services and credit card offers for customers in the Greater Bay Area of Guangdong, Hong Kong, and Macao. The issuance of new cards for the "Silver International Greater Bay Area Dual Currency Credit Card" in the first three quarters of this year has more than doubled year-on-year; the total transaction amount has more than doubled, with the growth of foreign currency and RMB transaction amounts being the most prominent, increasing by over 2.8 times and 3.2 times respectively. Vice President of China Citic Bank Corporation Credit Card Center, Zhai Shao'an, expressed his hope.
Express News | China's 6G Promotion Group Leader Wang Zhiqin: In June 2025, the technical standards research for 6G will be initiated.
CITIC Telecom: A Buy Recommendation on Strong Dividends and Market Leadership
CITIC Telecom Secures Concession Extension
citic telecom (01883): Extending the franchise contract period
Citic Telecom (01883) announced that on September 30, 2024, Macau Telecom and the Macau government entered into...
CITIC Telecom Renews Lease With Connected Entity
CITIC Telecom (01883.HK) has entered into a major property leasing agreement for 2024.
On September 17th, citic telecom (01883.HK) announced that the main property leasing agreements for 2021 will expire on September 19th, 2024. The board of directors announced that on September 17th, 2024, the tenant (the company's wholly-owned subsidiary and the tenant of the main property) entered into a 2024 main property leasing agreement with Tendo to renew the lease of the main property. The main property includes the entire 5th floor of the Yau Lai Chau property, part of the ground floor, part of the 3rd floor platform, part of the rooftop, as well as the area for storing cable ducts and bridges, with a total floor area of approximately 61,584 square feet.
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The "Notice" is based on the development pace of the mobile internet of things industry and the current situation of mobile internet of things applications in various industries, and clearly defines the development goals of mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, i.e. 4G networks with category 1 speed) and 5G (including NB-IoT, narrowband internet of things.
CITIC TELECOM: 2024 Interim Report
CITIC TELECOM To Go Ex-Dividend On September 6th, 2024 With 0.06 HKD Dividend Per Share
August 16th (Beijing Time) - $CITIC TELECOM(01883.HK)$ is trading ex-dividend on September 6th, 2024.Shareholders of record on September 9th, 2024 will receive 0.06 HKD dividend per share on
CITIC Telecom International Records 37% Lower Profit in H1; Shares Down 20%
Citic Telecom (01883.HK) rose more than 3%, earning nearly 37% less in the first half of the year, with dividends remaining unchanged.
Citic Telecom (01883.HK) announced today (16th) that it earned nearly 37% less in the first half of the year, but the interim dividend remained unchanged. Its stock price rose in the afternoon and is currently at 2.19 yuan, up by 3.79%, with a turnover of 5.633 million shares and involving a capital of 12.1464 million yuan. Citic Telecom's revenue for the first half of the year was 4.889 billion yuan, a YoY decrease of 8.2%. Its net profit was 0.455 billion yuan, a YoY decrease of 36.9%, with an earnings per share of 12.3 cents. It declared an interim dividend of 6 cents, which is the same as last year.