Recently, China Tower released its financial report of the first three quarters in 2016.
By September 30, China Tower's revenue, according to the report, reaches CNY 40.573 billion, operating profit CNY 175 million and losses CNY 627 million, suffering net losses of CNY 472 million.
For year 2015, its revenue hits CNY 8.802 billion, losses CNY 4.745 billion, net loss CNY 3.6 billion, with a negative profit of CNY 4.758 billion.
China Tower's revenue in the first three quarters grows 460% compared with the same quarters of 2015 while the operating profit turns from negative to positive.