【Brokerage Focus】HTSC: Germany's policy adjustment, paying attention to the overseas recovery opportunities of 5G equipment manufacturers.
Jin Wu Finance News | HTSC stated that starting in 2018, Germany and other European countries began to launch 5G construction, and Chinese telecommunications equipment manufacturers were once mainstream equipment suppliers. After the USA restricted some Chinese Communications Equipment manufacturers, the EU followed suit in 2020. From 2023 to 2024, the German government and operators reached a substantial agreement to gradually remove Chinese equipment over the next five years, but according to operator data, the replacement cost could reach 5-6 billion euros, causing a setback of 1-2 years for 5G coverage. On April 10, 2025, a new government agreement will be adjusted, potentially opening up entry space for domestic Communications Equipment companies.
Comba Telecom Releases 2024 Annual Report and AGM Details
COMBA: ANNUAL REPORT 2024
The Ministry of Industry and Information Technology: By the end of March, the number of 5G base stations surpassed 4.395 million.
Data released by the Ministry of Industry and Information Technology shows that by the end of March 2025, a total of 4.395 million 5G base stations will have been built and opened in the mainland, showing significant growth compared to October 2024. The data indicates that in the first two months of 2025, the revenue from digital industry Business grew by 8.2% year-on-year, demonstrating the vitality of the digital economy.
COMBA (02342): Yi Lei has been appointed as a non-executive Director.
COMBA (02342) announced that Yi Lei has been appointed as a non-executive Director of the company, effective from April 1, 2025...
The performance of COMBA (02342.HK) has turned from profit to a loss of 0.564 billion yuan for the entire year.
COMBA (02342.HK) announced its annual results for the year ending in December, with a revenue of 4.528 billion yuan, a 24.3% year-on-year decrease. It turned from profit to a loss of 0.564 billion yuan, compared to a profit of 6.696 million yuan in the same period last year; earnings per share showed a loss of 20.41 cents. No dividend was declared.
Comba Telecom Reports 2024 Financial Results With Revenue Decline
COMBA (02342.HK) achieved revenue of 4.53 billion HKD in the 2024 fiscal year.
Gelonghui, on March 27, announced that COMBA (02342.HK) reported for the year 2024, a revenue of 4.53 billion Hong Kong dollars (2023: 5.98 billion Hong Kong dollars); a gross margin of 1.17 billion Hong Kong dollars (2023: 1.66 billion Hong Kong dollars); a gross margin rate of 25.9% (2023: 27.8%); Shareholder's (loss)/profit attributable: (564.19) million Hong Kong dollars (2023: 6.7 million Hong Kong dollars); total financial leverage ratio of 11.3% (2023: 8.8%).
COMBA: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
In the first two months, the income from the telecommunications Business in mainland China increased by 0.9% year-on-year, and by the end of February, the total number of 5G base stations reached 4.325 million.
According to data released by the Ministry of Industry and Information Technology, in the first two months of this year, telecom business revenue reached 295 billion yuan (RMB, the same below), a year-on-year increase of 0.9%. The total volume of telecom business grew by 7.6% year-on-year. As of the end of February, the total number of fixed Internet broadband access users among the three major telecom companies reached 0.675 billion, with a net increase of 4.936 million compared to the end of last year. Among them, broadband access users with access speeds of 1000 Mbps and above reached 0.214 billion, accounting for over 30% of total users. The total number of mobile phone users in the mainland reached 1.793 billion, with a net increase of 3.273 million compared to the end of last year. CSI Mobile Internet Index.
[Brokerage Focus] CITIC SEC: The Military Industry AI is expected to welcome a structural reversal.
Jinwu Financial News | CITIC SEC research indicates that physical AI can understand physical rules and generate massive training sets, making it the next generation of AI after generative AI and AI agents. It is expected to be applied in serious scenarios such as intelligent driving, Siasun Robot&Automation, and the Military Industry. NVIDIA builds virtual environments through Omniverse + Cosmos to synthesize training data, establishing an end-to-end practice of physical AI. The institution states that from the perspective of China's Military Industry, as we conclude the 14th Five-Year Plan, there is a recovery in prosperity, and Military Industry AI is expected to welcome a structural reversal. Physical AI accelerates the smartization of military simulation, with Suochen leading the new model of domestic physical AI.
Hong Kong stock movement | COMBA (02432) fell more than 4% in the afternoon after the company delayed the publication of the 2024 full-year results, completing a placement fundraising of 0.372 billion HKD.
COMBA (02432) fell more than 4% in the afternoon, as of the time of writing, down 4.32%, priced at 1.77 Hong Kong dollars, with a transaction volume of 35.2991 million Hong Kong dollars.
Comba Telecom Raises HK$372 Million Through Share Subscriptions
COMBA (02342) will delay the publication of its full-year results for 2024.
COMBA (02342) announced that it will delay the publication of its full-year results for 2024 and postpone the Board of Directors meeting.
COMBA: INSIDE INFORMATION - DELAY IN PUBLICATION OF THE 2024 ANNUAL RESULTS AND POSTPONEMENT OF BOARD MEETING
COMBA (02342.HK) has completed its subscription matter, raising 0.372 billion Hong Kong dollars.
On March 20, Gelonghui reported that COMBA (02342.HK) announced that all the conditions precedent for Subscription Agreement A and Subscription Agreement B have been met, and the completion of Subscription Matter A and Subscription Matter B has been implemented in accordance with the respective terms of Subscription Agreements A and B on March 20, 2025. Upon completion of Subscription Matter A and Subscription Matter B, 310,407,322 new shares and 31,040,732 new shares have been allocated and issued by the company to Subscriber A and Subscriber B respectively at a subscription price of HKD 1.09 per share.
Express News | The Ministry of Industry and Information Technology: Strengthen the overall layout and capacity monitoring and early warning of the Industry Chain, and appropriately expand the pilot scope of opening up value-added telecommunication services.
Comba Telecom Announces Board Meeting for Annual Results and Dividend Consideration
COMBA (02342.HK) plans to hold a Board of Directors meeting on March 20 to approve the annual performance.
Glonghui, March 10 – COMBA (02342.HK) announced that the Board of Directors will hold a meeting on March 20, 2025 (Thursday), to approve the release of the annual performance announcement for the year ending December 31, 2024, for the company and its subsidiaries, and to consider the proposal for the final dividend distribution (if any).
COMBA: DATE OF BOARD MEETING