China Communications Services Corporation Limited
0552Company Overview
China Communications Services Co., Ltd. (“the Company”), as a leading service provider in the field of information technology in China, is based on its position as a “next-generation integrated smart service provider”, with the goal of “becoming the main force in digital infrastructure construction, smart city service leader, production and data service leader, and a trusted expert in smart operation”. Adhering to the mission of “building a smart society, promoting the digital economy, and serving a better life”, it provides comprehensive integrated intelligent solutions in the field of informatization and digitalization, including telecommunications infrastructure services (design, construction and supervision, etc.) and business process outsourcing services (information technology) Infrastructure management, general facility management, supply chain and product distribution, etc.) as well as applications, content and other services (system integration, software development and system support, value-added services, etc.). The company's domestic shareholders include China Telecom Group Co., Ltd., China Mobile Communications Group Co., Ltd., China United Network Communications Group Co., Ltd., State Grid Information and Communications Industry Group Co., Ltd., and China Post and Electric Equipment Group Co., Ltd. At the same time, the above three telecom operators, China Radio and Television Network Co., Ltd. and China Tower Co., Ltd. are all our customers. Domestic non-telecom operator group customers, including customers in the government, transportation, electricity, park, Internet and IT industries, are currently the company's largest customer group. In addition, the company also provides services to overseas customers. The Group's services cover the whole country and have expanded its business to dozens of countries and regions around the world. The H shares issued by the Company were successfully listed on the main board of the Hong Kong Stock Exchange Limited on December 8, 2006. As at December 31, 2022, the total share capital of the Company was 6,926,018,400 shares, of which the total number of H shares was 2,391,420,240 shares. The company has received numerous capital market awards in the 16 years since its listing. In 2022, it also received several awards, including “Most Admired Company” in the “2022 Best Management Team in Asia” selection organized by “Institutional Investors”, and honors such as “Best CEO”, “Best Chief Financial Officer”, “Best Investor Relations Professional”, “Best Investor Relations Company”, and “Best ESG” in the “Best ESG” category. It won awards such as “Asia's Best CEO,” “Asia's Best CFO,” and “Best Investor Relations Company” at the “12th Asian Outstanding Enterprise Awards” organized by the famous corporate governance magazine “CorporateGovernanceAsia”. It won the “Gold Award” in the “2022 Treasury ESG Enterprise Award” organized by the Asian financial magazine “TheAsset” (“Treasury”). It won the “Best TMT Company” in the “7th Zhitong Finance Listed Company Selection” held by leading domestic financial platforms. Furthermore, in 2022, the company was included in the “Hang Seng Sustainable Business Benchmark Index” and ranked 102nd in the “2022 Fortune China 500” published by “Fortune” (Chinese version), and also ranked 1,649 in the “Forbes 2022 Top 2000 Global Companies” published by “Forbes”. The company's influence in the industry has increased markedly in recent years. It ranked fourth in the “2022 Top 100 Software and Information Technology Service Competitiveness Enterprises” hosted by the China Electronic Information Industry Federation, and its scientific and technological innovation achievements have won the first and second prizes of science and technology progress awards from provinces, cities, and industry associations many times.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | China Communications Services Corporation Limited |
Ticker | 0552 |
Main Business | Telecom Services |
Type | Common Stock |
Industry | Telecom Services |
Country | HK |
Market Cap | $2.88 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Revenue from telecommunications infrastructure services | $37,690.0 | $0.0 | - |
Business process outsourcing service revenue | $21,730.0 | $0.0 | - |
Revenue from applications, content and other services | $13,750.0 | $0.0 | - |
Interest income | $590.9 | $590.9 | - |
Total | $73,760.9 | $590.9 | 0.79% (passed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $113,095,238.1 | 3.93% |
long term bank loan | $7,501,400.6 | 0.26% |
Total Interest-Bearing Debt | $120,596,638.7 | 4.19% |
Market Capitalization | $2,878,615,384.6 | 100.00% |
Compliance Status | Threshold: 33% | passed |