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CHINA COMMUNICATIONS SERVICES CORPORATION LIMITED

(552)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-09-23 am EDT
2.870 HKD   -2.05%
09/23Nomura Adjusts China Communications Services' Price Target to HK$3.30 From HK$4.40, Keeps at Neutral
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08/25China Communications Services' H1 Profit Increases on Higher Revenue
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08/25TRANSCRIPT : China Communications Services Corporation Limited, H1 2022 Earnings Call, Aug 25, 2022
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China Communications Services : Appointment of Executive Vice President

08/26/2020 | 07:16am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國通信服務股份有限公司

CHINA COMMUNICATIONS SERVICES CORPORATION LIMITED

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 552)

APPOINTMENT OF EXECUTIVE VICE PRESIDENT

The board of directors (the "Board") of China Communications Services Corporation Limited (the "Company") hereby announces that the Board has appointed Mr. Liang Hongzhi as an Executive Vice President of the Company, with effect from 26 August 2020.

The profile of Mr. Liang Hongzhi is as follows:

Mr. Liang Hongzhi, aged 45, received a bachelor degree in computer communications from Beijing University of Posts and Telecommunications in 1998 and received a master degree in computer technology from Beijing University of Posts and Telecommunications in 2005. Prior to joining the Company, Mr. Liang was the Vice President of Government and Enterprise Customers Department of China Telecommunications Corporation. Mr. Liang previously also served as a Director of Government and Enterprise Customers Department of Liaoning Branch of China Telecom, the General Manager of Benxi Branch of China Telecom, and he also served as a Member of the Standing Committee in Liangshan Prefecture and a Deputy Head of the People's Government of Liangshan Prefecture (took a temporary post and received on-the-job training). Mr. Liang has over 20 years of management experience in the telecommunications industry.

The Board would like to take this opportunity to welcome Mr. Liang as new member of the Company's management.

By Order of the Board

China Communications Services Corporation Limited

Zhang Zhiyong

Chairman

Beijing, PRC

26 August 2020

As at the date of this announcement, our executive directors are Mr. Zhang Zhiyong, Mr. Si Furong and Ms. Zhang Xu, our non-executive directors are Mr. Gao Tongqing and Mr. Mai Yanzhou, and our independent non-executive directors are Mr. Siu Wai Keung, Francis, Mr. Lv Tingjie, Mr. Wu Taishi and Mr. Liu Linfei.

1

Disclaimer

China Communications Services Corporation Ltd. published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 11:16:03 UTC


© Publicnow 2020
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Financials
Sales 2022 146 B 20 460 M 20 460 M
Net income 2022 3 430 M 481 M 481 M
Net cash 2022 24 420 M 3 426 M 3 426 M
P/E ratio 2022 5,38x
Yield 2022 7,05%
Capitalization 18 049 M 2 532 M 2 532 M
EV / Sales 2022 -0,04x
EV / Sales 2023 -0,05x
Nbr of Employees 84 137
Free-Float 34,5%
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Technical analysis trends CHINA COMMUNICATIONS SERVICES CORPORATION LIMITED
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 12
Last Close Price 2,61 CNY
Average target price 3,95 CNY
Spread / Average Target 51,4%
EPS Revisions
Managers and Directors
Xiao Qing Huang President & Executive Director
Xu Zhang CFO, Executive Director & Executive Vice President
Gui Qing Liu Chairman
Qi Wang Independent Non-Executive Director
Wai Keung Siu Independent Non-Executive Director
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