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www.chinaccs.com.hk CHINA COMMUNICATIONS SERVICES CORPORATION LIMITED Stock Code : 00552.HK 26 August 2026 2026 Interim Results
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| EXECUTIVE DIRECTOR, CHAIRMAN MR. LUAN XIAOWEI | EXECUTIVE DIRECTOR, EXECUTIVE VICE PRESIDENT & CFO MR. SHEN AQIANG | EXECUTIVE VICE PRESIDENT MR. ZHANG HAO | EXECUTIVE VICE PRESIDENT MR. GUI XIAOQING Management Present 2
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01 02 03 Overview Business Review Financial Results 3
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Business Review Financial Results Overview 01 02 03 4
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5 Taking Proactive Initiatives and Adapting to Changes, while Maintaining Solid Fundamentals Continued Quality Improvement, Cost Reduction & Efficiency Enhancement Provided Solid Support for Profitability Forward-looking Deployments Delivering Initial Results with New Growth Engines Driving Transformation AI Dividend Gradually Materializing with Rapid Growth in Computing Infrastructure Firmly Adhering to the Strategic Positioning of “1 Positioning, 4 Roles”, Seizing Important Market Opportunities Highlights
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Revenues: RMB74,480 million ▼3.2% Service Revenue1 ▼2.5% Results Overview (1): Fundamentals Remained Solid Rapid AI Development Has Become a Key Growth Driver Overseas Market: RMB2,310 million 7.4% Achieved Relatively Rapid Growth Domestic Non-operator Market2: RMB33,248 million 9.1% Proactively Controlled Low-quality and High-risk Projects Domestic Operator Market: RMB38,922 million 1.9% Revenue Stabilized and Rebounded ⚫ Amid Complex and Challenging External Environment, the Company Has Made Forward-looking Deployments and Taken Proactive Measures to Respond ⚫ Seized the Opportunities from AIDC (Computing Infrastructure Construction) Driven by AI, Revenue from AIDC Grew Strongly63% (Accounting for Approx. 10% of Revenues) (1) Service Revenue = Revenues - Revenue from Products Distribution - Revenue from IT Equipment Supplies in System Integration (2) Domestic non-operator refers to domestic non-telecom operator customers. Note: Unless specified, all financial figures presented in this material are for the first half of 2026, and all changes are calculated on a year-on-year basis. All amounts are denominated in RMB. 6
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⚫ Net Profit was Affected by Factors such as the Reduced Interest Income and Dividend Income ⚫ Excluding the One-off Impact from Dividend Income, Net Profit (Comparable Basis)2 Trended in Tandem with Revenues Results Overview (2): Fundamentals Remained Solid Continued Quality Improvement, Cost Reduction & Efficiency Enhancement, Provided Solid Support for Profitability Net Profit on a Comparable Basis2▼3.2% Net Profit1: 1,970 million ▼7.5% SG&A Expenses 7.7% Kept Declining Gross Profit 5.8% Gross Profit Margin 0.3pp Decline Rate Moderating (1H25:0.6pp) Operating Profit3 1.2% Operating Profit Margin 0.1pp Steadily Increasing (1) Net profit refers to profit attributable to equity shareholders of the Company. (2) Figures on a comparable basis exclude the impact of dividend income as a non-comparable factor. (3) Operating Profit = Gross Profit - SG&A 7
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5pp 1H2025 1H2026 100.4 106.1 ⚫ Total New Contracts Developing New Growth Engines to Drive Business Transformation Proportion 34% Proportion 29% ▼5.4% “Six Major Growth Areas+” Businesses ⚫ AIDC (Computing Infrastructure Construction) ⚫ AI Applications ⚫ CCS Smart Maintenance ⚫ Dual Carbon ⚫ Power Distribution Network ⚫ Low-altitude Economy Fundamental Businesses AIDC AI Applications AI+ Computing- electricity Coordination (RMB’Bn) “Six Major Growth Areas+” Businesses in 1H2026 66% Low-altitude Economy 13% CCS Smart Maintenance 109% AI Applications 33% Low-altitude EconomyPower Distribution Network New Contracts Approx. RMB34.4 billion1, 11% Among which, Major Growth Drivers: Dual Carbon CCS Smart Maintenance AIDC （Computing Infrastructure Construction） (1) The “Six Major Growth Areas+” businesses may possess multiple attributes and therefore appear in different areas. Consolidation adjustments were made for the total amount of the “Six Major Growth Areas+” businesses. 8 Forward-looking Deployments Delivering Initial Results (“Six Major Growth Areas+”)
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In 1H2026, Al+ Sector: New Contracts Reached RMB12.26 billion, 39%; Revenue Reached RMB7.42 billion, 62%, Accounting for 10% of Revenues ⚫ New Contracts: RMB10.89 billion, 33% ⚫ Revenue: RMB6.93 billion, 63% ⚫ New Contracts: RMB1.37 billion, 109% ⚫ Revenue: RMB0.49 billion, 47% AIDC (Computing Infrastructure Construction) AI Applications (Data, Algorithms, Applications…) New Contracts Breakdown By Customer Domestic Operator: RMB8.98 billion Accounting for 83% Domestic Non-operator: RMB1.67 billion Accounting for 15% Overseas: RMB0.24 billion Accounting for 2% Algorithms: RMB0.95 billion Accounting for 70% Applications: RMB0.26 billion Accounting for 18% Data: RMB0.16 billion Accounting for 12% Achieved Rapid Business Growth Seizing Market Opportunities Arising from the AI Boom New Contracts Breakdown By Business 9
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Seizing New Opportunities with New Capabilities Technological Innovation Empowering AI+ Capability Building Developing Integrated Service Capabilities of “Planning, Construction, Maintenance and Operation” for AIDC “Planning” Standards Leadership: Deeply engaging in the formulation of national standards, industry standards, and leading Internet enterprises’ standards in AIDC sector “Construction” Elite Delivery Team: Building the brand through excellence in delivery, supporting computing power + computing network + computing- electricity coordination, strengthening capabilities in BIM, construction techniques, and process workflows by technological innovation “Maintenance” Integrated Construction and Maintenance: Front-loading operation & maintenance plan into the EPC phase, ensuring seamless transition from construction to operations & maintenance, self-developing intelligent maintenance platforms such as CCS-iBMS, and AI energy-saving platform “Operation” Dual Carbon and Computing Power: Participating in power operation of direct supply of green electricity and source-grid-load-storage of parks, and forming full-domain visualization management capability of computing power resources Achieving Comprehensive Rollout of AI Products and Services for B2B Sector Responding to the AI+ Initiatives of Central State- owned Enterprises Providing high-end AI+ consulting services to 19 central state-owned enterprises to support their coordinated digital, intelligent, and greening upgrades Achieving Breakthroughs in Vertical Industry Sectors Focusing on 10+ industries, including transportation, energy, security, emergency management, and sports, to achieve scale breakthroughs and business replication Deeply Developing Full-chain AI Data Services Building a city-level trusted cloud, achieving high- quality dataset operation, training industry models, establishing regional data bases, to form standardized delivery capabilities Empowering System An integrated three-pillar talent development system - “policy, technology, and scenarios” - characterized by the collaboration of “a government ministry + leading Internet companies + CCS” Building six major self-owned AI practical training bases ⚫ End-to-end cultivating AI talent team by “practical training bases + full-stack curricula + professional faculty + certification system + development tracking” Practical Training Bases 500+ MIIT-certified AI experts 1600+ Core AI R&D staffTalent Team Consolidating the Foundation for AI+ Transformation and Development 10
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11 Four-in-One Technological Innovation Initiatives Building Core Capabilities that Lead China Comservice toward Sustainable DevelopmentPositioning Two Adherence ⚫ In Smart Service Sector: Adherence to Deep Integration of Technological Innovation and Industrial Innovation ⚫ In Digital Intelligence Infrastructure Sector: Adherence to Developing New Quality Productive Forces Driven by Technological Innovation Four Objectives Deepening the Connotation of “1 Positioning, 4 Roles”, Upgrading from an “Integrated Service Provider” to a “Product-oriented, Platform-based and Ecosystem-driven Smart Service Provider” Pioneer of Digital Intelligence Consulting Navigator of Digital Intelligence Infrastructure Leader of Digital Intelligence Maintenance and Operation Provider of Digital Intelligence Products Digital Intelligence Transformation Consulting Services AI+ Full-process Consulting Services AIDC Digital Intelligence Engineering Infrastructure Capabilities Computing-electricity Coordination Green Software Capabilities AI+OS Full-business Integrated Services Data-driven Lean Operation Redesign Business and Management Processes with AI “AI+” Industry Products and Services Focusing on Core Technologies to Achieve Breakthroughs in Critical Areas Strengthening Market Synergy to Scale up Commercialization of Technological Innovation Building an Open Ecosystem to Co-create Industry Value Leveraging Innovative Incentive Mechanisms to Stimulate Talent Vitality Bridging Technological Innovation with the Forward-looking Planning in “Six Major Growth Areas” Driving Deep Integration of Technological Innovation and Digital Transformation
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Further Coordinating Technological Innovation Capabilities SynergisticallyFocusing R&D Investment on Core Areas Expanding Intellectual Property and Talent Pool Innovation Achievement Recognized by National and Industry Authorities Continuously Strengthening Synergistic Investment and Management of Technological Innovation ⚫ Major National Special Project: A Geological Hazard Early Warning Intelligent Agent ⚫ Key National Projects: Research on Drone Pilot Integrated Feature Perception Technology Application Major Special Project for Social Governance ⚫ Provincial-level Science and Technology Projects: 10+ projects Cumulative government funding approved in 1H2026 was about twice the FY2025 amount Low-altitude Dual Carbon Cybersecurity Data Elements Quantum Headquarters Coordinated 5 Major Bases 12 With Continuous Efficiency Enhancement in Technological Innovation, We Initially Established a Three-tiered New Paradigm for Scientific Research and AI Transformation, Encompassing “National-level Key Initiatives + Core Tech Breakthroughs + Localized Innovation” ⚫ R&D Investment: RMB2.00 billion ⚫ R&D Investment in AI and Smart Applications: RMB0.91 billion, accounting for over 45% Strengthening the Conversion and Build-up of Technological Innovation Capabilities ⚫ Newly Authorized Invention Patents: 193 ⚫ Technological Innovation Talent: 10,000+ ⚫ New Software Copyrights: 331 ⚫ Core Experts: 500+ ⚫ Standards: 25（3 National Standards） ⚫ AI+ MIIT Certification: 500+
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Continuously Advancing Reforms in Specialized Segments Comprehensively Promoting the Deployment of AI-powered Digital Employees, Focusing on High-frequency, High-value, and Large-scale Scenarios, to Empower the Governance Capabilities of the Whole Group Enhancing Governance Effectiveness with AI Comprehensively Deepening Synergistic Operations Enhancing Risk Prevention in Key Sectors 16,000 Coverage of integrated engineering projects 233 Identification of non- compliant projects 9.85 million Centralized management of contracts 44,000 Void non-compliant contracts RMB3 million+ Savings in audit fee RMB25 million Review and reduction of subcontracting charges 581 Projects complied with R&D process Production and Operation Contract Management Audit Risk R&D Compliance Steadily Advancing Synergistic Management and Control Deepening Reforms and Enhancing Corporate Governance Capabilities Strengthening our integrated service of “Planning, Construction, Maintenance, and Operation”, and converting technological and resource advantages into the Company’s brand advantages; driving the capability leap from EPC general contracting to full-cycle EPCO Strengthening the Development of Advantageous Segments Leveraging self-developed platforms together with AI digital tools, to drive reforms in delivery system and advance lean management in centralized material procurement; continuously promoting shared financial services, funding centralization, and synergistic audit Deepening reforms in supply chain and property management segments, while enhancing operational capabilities by leveraging digitalization, productization, and intelligentization; and linking the “Planning, Construction, Maintenance and Operation” integrated service with supply chain service Improving the comprehensive and penetrative risk management and control system, and comprehensively strengthening the management of “people, finance and resources”; strengthening management in key risk areas such as business outsourcing, bidding and procurement, accounts receivables, and production safety 13
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20th Anniversary of Listing: Navigating Various Cycles, Anticipating and Adapting to Changes Forging New Capabilities, Exploring New Horizons, and Strengthening Development Foundations (RMB’Bn) Revenues Policy tailwinds continue to unfold: The 15th Five-Year Plan incorporates the “Six Networks” as a core component of its 109 major projects Intelligent transformation accelerates at full speed: Leapfrogging AI capabilities, accelerating computing network build-out, and rapid growth in Token usage Prominent Demand for Green and Security: Rising customer demand for data security, low-carbon and stable operations of parks 4G 3G20.2 ……… Digitalization …… …..… Intelligentization……. 5G-A, 6G ….… AI, Digital Intelligence..…. ….….… Informatization ….........… 45.4 81.0 122.6 150.1 2006 2010 2015 2020 2025 5G ·· Investment scale of “Six Networks” (water networks, new- type power grids, computing power networks, next- generation communications networks, urban underground pipeline networks, and logistics networks) and construction in related key sectors is expected to exceed trillion-level RMB, bringing opportunities of new infrastructure and digitalization construction Construction of “Six Networks” strongly aligns with China Comservice’s end-to-end service capabilities across full- process consulting, design, construction, operation & maintenance and digital intelligence Service Provider to Telecommunications Operators Service Provider in the Informatization Sector New Generation Integrated Smart Service Provider The Company Has Continued to Advance Innovation Transformation and Enterprise Reform, while Proactively Exploring New Sectors, New Customers and New Markets, to Strengthen the Resilience of the Company and Promote its Sustainable Development Listing of China Comservice 14 Enormous Market Opportunities
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Staying Strategically Focused, Strengthening Competitive Edges, Seizing Market Opportunities (1) Please refer to the Company’s related announcement on 26 August 2026 for the details of the plan. Demonstrating Confidence in Future Development Creating Long-term Value for Shareholders Formulated Shareholder Dividend Return Plan for the Next Three Years1 ⚫ Dividend Payout Ratio for 2026–2028 will Steadily Increase from the Level in 2025 (43%) ⚫ Dividend Payout Ratio for 2028 Is Expected to be No Less Than 46% Creating Long-term Value for Shareholders Deepening the Connotation of “1 Positioning, 4 Roles”, Accelerating to Become a “Service Provider to AI Service Providers” Pioneer of Digital Intelligence Consulting Accurately identify customers’ digital intelligence transformation needs and provide high-quality solutions Navigator of Digital Intelligence Infrastructure General contracting and integrated services of new generation of information and communications and new infrastructure, such as general data center, intelligent computing center and supercomputing center Leader of Digital Intelligence Maintenance and Operation Operation and maintenance, supply chain, property management, training and other smart support services Provider of Digital Intelligence Products Provide digital intelligence platforms and software products Turning Policy Consulting + Strategic Positioning in Key Technologies into a First-mover Advantage in Industry Deployment Turning Full-chain Capabilities of “Planning, Construction, Maintenance and Operation” into a Brand Advantage of High Delivery Standard Turning Internal Digital Intelligence Practices into an Operational Advantage for Lean Management Turning Application Technology Innovation into a Driving Advantage for Benchmark Projects Implementation Turning the Credibility of State-owned Enterprise into a Trust Advantage of Data Services Turning the Training System of Practical Exercises + Certification into a Leading Advantage for Talent Team 15
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Business Review Financial Results Overview 01 02 03 16
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17 Business Revenue Breakdown (RMB’M) 1H2025 1H2026 Change % % of Revenues TIS (Telecommunications Infrastructure Services) Design 4,244 3,672 -13.5% 4.9% Construction 31,921 30,874 -3.3% 41.4% Supervision 2,107 2,056 -2.4% 2.8% Subtotal 38,272 36,602 -4.4% 49.1% BPO (Business Process Outsourcing Services) Maintenance 9,627 9,851 2.3% 13.2% Facilities Management 3,973 4,117 3.6% 5.5% Supply Chain 7,138 7,214 1.1% 9.7% Products Distribution 1,645 922 -44.0% 1.3% Subtotal 22,383 22,104 -1.2% 29.7% ACO (Applications, Content and Other Services) System Integration 10,497 10,006 -4.7% 13.4% Software Development & System Support 3,364 3,408 1.3% 4.6% Value-added Services 1,278 1,242 -2.8% 1.7% Others 1,145 1,118 -2.4% 1.5% Subtotal 16,284 15,774 -3.1% 21.2% Revenues 76,939 74,480 -3.2% 100% In which: Service Revenue 74,981 73,127 -2.5% 98.2%
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18 15,774 74,48076,939 -4.4% -3.1% -1.2% 1H2025 1H2026 22,104 36,602 3.2% 49.7% 21.2% 29.1% 49.1% 21.2% 29.7% 1H2026 1H2025 TIS ACO BPO +3.6% +7.4% -9.1% 33,248 26,750 2,310 12,172-1.7% 1H2025 1H2026 33.6% 2.8% 44.7% 35.9% 3.1% 47.5% 16.1% 16.3% 1H2026 1H2025 16,284 22,383 38,272 74,48076,939 3.2% 36,585 25,826 2,151 12,377 Overall Performance by Business and Market By Business By Market (RMB’ M) (RMB’ M) Domestic Non-operator Overseas Customer China Mobile, China Unicom, China Broadcasting Network, China Tower Domestic Operator China Telecom
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Domestic Operator Market: Effectively Navigated the Impact of Decline in Traditional Network Infrastructure Investment Seized Customers’ Demand for Accelerating the Construction of New Digital Information Infrastructure to Increase Market Share Revenue (RMB’M) ⚫ Revenue from China Telecom stabilized and rebounded ▲3.6% (1H25 ▼4.6%) Revenue from other domestic operators showed a narrowed decline ▼1.7% (1H25 ▼4.4%) ⚫ New contracts in 1H26 ▲5%; a solid order backlog supporting steady revenue growth ahead ⚫ Key Development Initiatives Firmly grasp the opportunities arising from domestic operators’ increasing investment in emerging fields such as new computing infrastructure and increase our market share; Seize the opportunities in EPC+O general contracting for AIDC, energy-saving retrofit, ancillary engineering for computing power, etc. Endeavour to develop businesses in traditional areas, including energy-saving retrofit for existing server rooms, and long-term operation and maintenance demands Keep pace with operators’ construction demand for the next-generation communications networks under the national “Six Networks” initiative, including “Dual-10G” networks, 5G/6G base stations, space-air-ground integrated network, and national computing power scheduling network, while continuing to explore market opportunities in “Six Major Growth Areas+” businesses, including AI+ and CCS Smart Maintenance 38,922 18,047 7,187 13,688 38,203 17,866 6,458 13,879 1H2025 1H2026 TIS ACO BPO 1.9% 19
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⚫ Optimized Project Portfolio: Effectively expanded businesses such as CCS Smart Maintenance (new contracts in domestic non-operator market 34%); excluding the products distribution business which was under proactive control, revenue from BPO 8.3%, serving as a key driver ⚫ Improved Project Quality: Actively controlled the number of low-quality and high-risk projects ⚫ Excelled in Key Industries: Closely followed the RMB trillion-level market opportunities brought by the national “Six Networks”, “Urban Renewal” and other major initiatives Revenue (RMB’M) ⚫ Deepening the integration of our key industry tracks with the “Six Major Growth Areas+”, and striving to get back on a steady growth trajectory Investment in traditional sectors (Government, Energy and Transportation, etc.) faces near-term pressure but remains positive in the long term Emerging demands for new-type electricity system and smart city renewal Emerging tracks in the “Six Major Growth Areas+” (AI+, computing-electricity coordination, CCS Smart Maintenance, low-altitude economy, etc) are set to scale up Culture & Tourism Education Healthcare Finance Emergency Management Government Transportation 14% Energy 14% Internet & IT 16% Internet & IT Energy Transportation Government Emergency Management Finance Healthcare Education Culture & Tourism Housing & Construction Others Contract Breakdown by Industry Domestic Non-operator Market: Proactively Navigated Changes in the External Environment Proactively Managed Risks and Strengthened our Deployment in Development Tracks 9.1% 33,248 16,943 8,089 8,216 36,585 18,874 9,564 8,147 1H2025 1H2026 TIS ACO BPO 20
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21 2,151 2,310 1H2025 1H2026 7.4% Improving Quality with a Focus on AIDC Construction Strengthening Capabilities to Empower Overseas Industrial Digitalization Region: Asia Pacific + Central Asia Customer: Chinese enterprises expanding computing power overseas + local governments and enterprises Synergy: Telecom operators + state-owned enterprises Product: Smart city (digital government affairs, emergency management, safe city, etc.); industry informatization (smart medical care, smart education, etc.) Capability: Building the overseas product foundation with AI+ security Empowerment: Replicating capabilities of domestic non- operator market to overseas market ⚫ Revenue from the Asia Pacific region (including Hong Kong, Macao, and other areas) grew by nearly 40%, accounting for nearly half of the revenue of overseas market, being the major contributor ⚫ Business transformation delivering initial results, securing data center and new energy projects in Hong Kong, Macao, Thailand, Indonesia, the Philippines, and other regions Revenue (RMB’M) Overseas Market: Advanced Overseas Development in a Proactive and Prudent Manner Consolidated Traditional Communications Business and Promoted Business Transformation and Upgrading Keeping Pace with the National “Belt and Road” Initiative Coordinating High-quality Development and High-level Security
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Full Coverage Across Eight National Computing Hubs (Winning Bid Value) Covering Customers in Eight National Computing Hubs, Extending our Business from EPC to EPC+O 22 Gansu: Approx. RMB0.2 billion <0.1 0.1-1.0 1.0-5.0 >5.0 Color Scale by Winning Bid Value (RMB’ Bn) Striving to Expand the “Six Major Growth Areas+” Businesses: AIDC (Computing Infrastructure Construction) Achieved Strong Business Growth Momentum with a Substantial Leap in Business Scale Ningxia: Approx. RMB6.0 billion Inner Mongolia: Approx. RMB7.0 billion Guizhou: Approx. RMB0.1 billion Chengdu-Chongqing: Approx. RMB0.2 billion Beijing-Tianjin-Hebei: Approx. RMB1.3 billion The Yangtze River Delta: Approx. RMB2.1 billion Guangdong-Hong Kong-Macao Greater Bay Area: Approx. RMB0.9 billion ⚫ Covering customers in diverse sectors such as telecom, finance and Internet, forming a broad-coverage, cross-industry and multi-tiered customer ecosystem New Contracts from AIDC (Computing Infrastructure Construction) RMB10.89 billion 33% Domestic Operator Customers RMB8.98 billion Domestic Non-operator Customers1 RMB1.67 billion Overseas Customers RMB0.24 billion Among Which: (1) Domestic non-operator includes customers from industries such as Internet and finance.
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23 Delivered 60MW (Civil + Mechanical and Electrical Works) in 167 days, Shortening the Construction Period by Nearly Half Compared to Traditional Construction Adopted Alibaba “5.0” Liquid-cooling Standard, Built to Industry-leading Construction Standards Ningxia Zhongwei Data Center “167” Project: Excavation of Foundation Pit 2025.12.15 2026.1.15 Prefabrication of Modular Cabins 2026.2.08 2026.5.302026.5.082026.3.25 Topping-out of Steel Structure Installation of Modular Cabins Completion of Outdoor Works Project Acceptance Passed ⚫ Continuously Deploying Technical Standards Leading the Iteration of EPC Project Delivery Capabilities Capitalizing on the Strengths of Integrated Construction Capabilities of AIDC “Planning, Construction, Maintenance and Operation” to Build Leading Benchmark Cases in the Industry ⚫ Accelerating Innovation in Processes and Techniques ⚫ Deepening Digital Intelligence Engineering Capabilities ⚫ Accumulating Front-loaded Quality Control Capabilities Cases: AIDC (Computing Infrastructure Construction)
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24 经营业绩 （新签合同额）CCS Smart Maintenance ⚫ New Contracts: RMB15.63 billion, 13% Domestic Operator Market: RMB12.94 billion 10% Domestic Non- operator Market: RMB2.38 billion 34% 1H2025 1H2026 14.7213.63 1H2025 1H2026 0.91 0.24 Promoting the Transformation from Project-centric to Customer-centric Operating Business Model, and Upgrading from Project-based to Recurring Business Model Landmark Buildings in Central Cities ⚫ Operation and Maintenance Service Project for Network and Server Room Systems of a Central State-owned Enterprise Office Building ⚫ Government Affairs Informatization Operation and Maintenance Service Project for a Municipal Archives in 2026 Customers with Chain Operations ⚫ Video Surveillance Operation and Maintenance Project for Energy Stations of a Provincial Branch of a Petrochemical Company ⚫ Smart Operations Project for Chain Stores of a Jewelry Enterprise IDC Operation and Maintenance ⚫ Operation and Maintenance Service Project for IDC Server Building of an Intelligent Computing Center of a Big Data Development and Operation Company ⚫ Customized Server Room (EPCO) Project for a Telecom Company Data Center in Jiangbei Data Governance ⚫ Technical Service Project for Customer and Supplier Data Governance for a Company ⚫ Data Governance Service and Application Development Project for a Company Focus on Business Breakthroughs in Key Scenarios, and Rapid Migration and Replication of Capabilities Striving to Expand the “Six Major Growth Areas+” Businesses: CCS Smart Maintenance Comprehensively Advanced CCS Smart Maintenance Business Business Type CT1/IT Traditional Business Sectors OT/DT/AT/QT New Technology Business Sectors (RMB’Bn) (RMB’Bn) (1) CT (Communications Technology), IT (Information Technology), DT (Data Technology), OT (Operational Technology), AT (AI Technology), QT (Quantum Technology)
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New Paradigm for Full-stack Smart Maintenance: Using benchmark projects as practical vehicles, to establish a standardized paradigm of integrated smart maintenance for AIDC covering the entire computing power chain Versatile AIDC Smart Maintenance Team: Focusing on AIDC operation and maintenance scenarios – from infrastructure → computing platforms → smart operation and maintenance – and continued to build up capability and cultivate a professional maintenance team Full-stack Smart Maintenance: Upgrading from “Traditional IDC” to “Liquid-cooled Intelligent Computing AIDC” Focusing on Demand for Intelligent Maintenance Capabilities Driven by AIDC, and Accelerating the Capabilities Transition to “Liquid-cooled Intelligent Computing Full-stack Operation and Maintenance” Alibaba Yangtze River Delta Computing Power Cluster (Jiashan + Shanghai) ⚫ Carrying 40,000 GPUs of domestic intelligent computing power, with a dedicated team of 30+ personnel for power and environmental management, and 7×24 hour ECC on-site monitoring and duty. ⚫ Established an integrated operation and maintenance model featuring “unified management, with intensification and efficiency”, the project delivers telecom operator-grade security operation and maintenance services, marking a benchmark case for large-scale, fully liquid-cooled intelligent computing center operation and maintenance in the Greater Bay Area. Integrated Operation and Maintenance Paradigm: Using benchmark projects as practical vehicles, to deliver integrated operation and maintenance services and establish a standard paradigm for fully liquid-cooled smart maintenance for intelligent computing centers Standardized Operation and Maintenance System: Providing comprehensive and resource operation and maintenance (network equipment/rack/business inspection), power monitoring and supporting (power equipment inspection, rapid fault handling), realizing resource intensive management, thereby comprehensively ensuring security and stability of network, platform, and data Project Highlights: Integrated Operation and Maintenance Service Project for a Telecom Company’s Fully Liquid-cooled Intelligent Computing Center Fully Liquid-cooled Intelligent Computing Operation and Maintenance ⚫ We undertook comprehensive operation and maintenance services for Alibaba’s mega-scale computing power clusters in Jiashan and Shanghai, with a team of 110+ personnel providing 7×24 hour on-site support, carrying a total load of 65MW across 15 computing centers. ⚫ All team members have obtained official operation and maintenance certifications from Alibaba, making this a benchmark practice for high-standard operation and maintenance in top-tier Internet companies’ supercomputing park. Cases: CCS Smart Maintenance Project Highlights: 25
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Business Type Power Distribution Network Business Computing-electricity Coordination Focusing on Key Scenarios New Contracts: RMB4.8 billion Cumulatively Served 3,000+ Customers in 1H2026 Highlight 1: Covering customers in 8 major industries (energy accounting for 47%) Highlight 2: Proportion of AI energy and carbon business increased by 13pp compared to 2025 New Contracts: RMB1.7 billion Expanded into High-voltage-level Grid Business Highlight 1: Enhancing capability - secured the first single contract exceeding RMB100 million for 220kV substation general contracting Highlight 2: Business of 110kV and above grew by 19% year-on-year Deepening the Integration of Source-Grid-Load-Storage Capabilities, and Offering Customers with Integrated Services of Consulting and Full-chain General Contracting for Computing-electricity Coordination Load (AIDC) ⚫ Integrated capabilities of AIDC planning, construction, maintenance and operation Typical Case: Ningxia Zhongwei Data Center “167” Project Characteristic Capability (Dual Carbon) Typical Case: AI Energy-saving EMC Project of Air Conditioning of a Server Room for Zhejiang Telecom Grid (Power Distribution Network) ⚫ Green electricity direct supply projects, including 110kV/220kV booster station/substation and dedicated new-energy transmission lines Typical Case: A General Contracting Project of a 220kV Substation for China Telecom Coordinated Dispatch (Dual Carbon) ⚫ Virtual power plant, integrated management platform of source-grid-load-storage Typical Case: A Demonstration Project of Integrated Source-Grid-Load-Storage in Xiangyuan County, Shanxi Storage (Dual Carbon) ⚫ Energy storage construction on grid side/ computing power side Typical Case: A 200MW/400MWh Independent Energy Storage Project in Guigang, Guangxi ·· Source (Dual Carbon) ⚫ Integrated capabilities in planning, construction, maintenance and operation for centralized photovoltaic/wind power Typical Case: The First Phase of the “Green Electricity + Computing Power” Project in Luquan County, Yunnan ⚫ Target Scenarios: The five key business scenarios of source, grid, load, storage, and coordinated dispatch ⚫ Core Competency: Full-chain integrated service capabilities covering planning, construction, maintenance and operation ⚫ Market Strategy: Integrating resources and collaborating expansion across businesses of AIDC, dual carbon, and power distribution network ⚫ Key Results: Forging a series of industry benchmark projects in “Computing- electricity Coordination” ⚫ AI energy-saving for server room buildings, AI energy and carbon management platform for parks; carbon asset management Dual Carbon Business 26 Closely Tracked the Market Opportunities in Computing-electricity Coordination, with a Focus on Dual Carbon and Power Distribution Network Businesses Striving to Expand the “Six Major Growth Areas+” Businesses: Computing-electricity Coordination
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27 Cases: Dual Carbon Consolidating New Energy Businesses in Wind, Solar, Storage and Charging; Seizing Opportunities in Energy and Carbon Management for Public Institutions; Exploring Innovative Scenarios such as Zero-carbon Buildings/Parks and Virtual Power Plants; and Building our Core Competence for the Integrated Energy Market A 200MW/400MWh Independent Energy Storage Project in Guigang, Guangxi A Low-carbon and High-efficiency Demonstration Project of a Digital Energy Port in a City Contract Amount: RMB38.8 million Project Overview: ⚫ The project comprises 1 zero-carbon building, 1 near-zero-carbon building, 34 low-carbon buildings, and 4 green and low-carbon factories. It integrates a number of advanced low-carbon technologies, including photovoltaics, ground-source heat pumps, PEDF systems (photovoltaic, energy storage, direct current, and flexibility), micro-grids, and charging piles. ⚫ The project builds a diversified energy system integrating “wind, solar, thermal, and storage”, and creates a regional energy benchmark through intelligent integrated algorithms for micro-grids and virtual power plants. This fully validates the technical pathway for retrofitting existing buildings in hot-summer and cold-winter climate zones to zero-carbon operation, delivering strong demonstration and leadership value. Project Highlights: ⚫ Planning and construction of 80 standardized energy storage units, along with supporting facilities including a 220kV step-up substation and an integrated monitoring and dispatching system. The entire station adopts a modular prefabricated approach, enabling intelligent grid connection, dispatch, and operation and maintenance. ⚫ A large-scale independent and shared energy storage power station, deeply integrating AI and big data technologies, builds an integrated intelligent system covering “grid connection, dispatch, and operation and maintenance”. With full-process digital management and control, it achieves a leap from traditional manual management to full-chain intelligent management and control. Project Overview: Project Highlights: Contract Amount: RMB328 million Scale Breakthrough | Record High in Single Contract Value for a Energy Storage Project of China Comservice Zero-carbon Benchmark | Recognized with National-level “Zero-carbon Building” Certification
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28 Project Kick-off Meeting On-site Contract Signing Cases: Power Distribution Network Focusing on Computing-electricity Coordination and Integrating Ecosystem Resources to Build Industry Benchmarks for “Green Electricity + Computing Power + Green Electricity Direct Connection”, while Continuously Enhancing Delivery Capabilities for Grid Projects at 110kV and above High-voltage Level Computing-electricity Coordination | Wind Power + Computing Power + Green Electricity Direct Connection Comprehensive Service Brand The First Single Project Exceeding RMB100 million | 220kV Substation EPC General Contracting Contract Amount: RMB126 million ⚫ The project includes the planning and construction of a 2,000P computing center, a 280MW wind power farm, and a direct green electricity connection system. In the first phase, the Company undertook the mechanical and electrical general contracting project for a 400P green intelligent computing center, advancing the integrated construction of wind power + computing center to achieve an efficient alignment between green electricity supply and computing load. ⚫ Leveraging an asset-light EPC general contracting model, the project provides integrated solution for local government computing infrastructure projects, spanning government-enterprise coordination, capital introduction, as well as design and delivery, thereby achieving transformation and upgrade from a pure construction and delivery role to ecosystem building and long-term value operation. Project Overview: Project Highlights: Contract Amount: RMB150 million Project Overview: ⚫ The total project investment exceeds RMB18 billion. The Company undertook the expansion project of a 220kV substation, with a gross floor area of approximately 9,600 square meters, adding six 180 MVA main transformers and two 220kV outgoing circuits. ⚫ This is the Company’s first single contract exceeding RMB100 million in the 220kV substation sector, marking our official entry into the high-voltage grid engineering services tier and representing a critical leap forward. Project Highlights: A General Contracting Project of a 220kV Substation for China Telecom The First Phase of the “Green Electricity + Computing Power” Project in Luquan County, Yunnan Province
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⚫ New Contracts: RMB0.39 billion, 66% Low-altitude + Emergency Management Capability Enhancement Project for Low-altitude Emergency Rescue Support in Northwest Hubei (Baokang) Low-altitude Economy Striving to Expand the “Six Major Growth Areas+” Businesses: Low-altitude Economy Advanced the Implementation of Low-altitude Economy Scenario Applications and Delivered Results ⚫ Total Number of New Contracts: 1,378, ▲18% ⚫ Top 3 Industry Customers: Transportation Government Emergency Management Self-developed Scenario Platform Drone Detection and Countermeasure Platform Low-altitude Emergency Operations Application Platform Consulting and design, ancillary system integration, fundamental service capabilities (platform construction, operation, maintenance, etc.), and expanding capabilities (platform secondary development, drone pilot services, CAAC training) and others Core Capabilities Contract Amount: RMB15.87 million Project Overview: ⚫ The project scope includes the procurement of forest firefighting drones and multi-purpose search-and-rescue drones, as well as integration services for multiple equipment categories such as communications, detection, and protection. In addition, we provide services including software development for drones’ supporting equipment management platform and drone pilot training. ⚫ As the first national “air-space-ground-water” three-dimensional collaborative emergency management support project in a mountainous county, this project leverages China Comservice self-developed “Lingkong” low-altitude emergency management platform (offering unified access for air-space-ground equipment, live streaming, mission management, command and dispatch, decision analysis, and other functions) to comprehensively enhance the systematic emergency rescue capabilities of the Northwest Hubei region. Project Highlights: 29
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Anchoring Full-Year Development Targets 30 Revenues, Total New Contracts New Contracts in “Six Major Growth Areas+” such as AIDC (Computing Infrastructure Construction),AI Applications Net Profit Gross Profit Margin ✓ Maintain L argely Stable ✓ Achieve Relatively Rapid Growth ✓ Broadly in Line with the Revenues Trend Continuously Advancing AI+ Initiative to Turn AI Dividend into New Momentum for High-quality Development Transformation and Development Project Cash Flow Reasonable Growth in Quantity Increase profits - driving simultaneous improvement in quality and efficiency Effective Improvement in Quality Stabilize revenues - consolidating the foundation for growth Striving to Achieve a Solid Start for the “15th Five-Year Plan” Period ✓ Stabilize and Recover in the Medium - and Long - Term ✓ Drive for Improvement Technological Innovation Project Reform and Renewal Project Strengthening the Enterprise Through Talent Project Safety Enhancement Project
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Business Review Financial Results Overview 01 02 03 31
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1H2025 1H2026 Change % % of Revenues Revenues 76,939 74,480 -3.2% 100% Cost of Revenues 69,051 67,048 -2.9% 90.0% Direct Personnel Costs 3,707 3,287 -11.3% 4.4% Materials Costs 13,341 14, 497 8.7% 19.5% Direct Costs of Products Distribution 1,561 762 -51.2% 1.0% Subcontracting Charges 42,932 41,178 -4.1% 55.3% Depreciation and Amortisation 498 467 -6.2% 0.6% Others 7,012 6,857 -2.2% 9.2% Gross Profit 7,888 7,432 -5.8% 10.0% SG&A Expenses 6,182 5,706 -7.7% 7.7% Net Profit 2,129 1,970 -7.5% (-3.2%1) 2.6% EPS(RMB) 0.307 0.284 -7.5% (-3.2%1) - Free Cash Flow2 -7,627 -7,706 - - (RMB’M, Except EPS) (1) Figures on a comparable basis exclude the impact of dividend income as a non-comparable factor. (2) Free cash flow = profit for the year + depreciation & amortisation – changes in working capital – CAPEX Key Financial Indicators 32
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1H2026 -1.0pp -0.5pp -pp +2.2pp -0.4pp 4.4% 19.5% 55.3% 1.0% 9.8% -0.3pp 7.7% Direct Personnel Costs: Optimized resource allocation reasonably to enhance operational efficiency, while maintaining per-capita wages largely stable Subcontracting Charges: Improved self-delivery rate, promoted the application of AI digital tools to strengthen penetrative management of projects, the subcontracting charges as a % of revenues▼0.5pp Materials Costs: ⚫ The increase in data center projects and general contracting projects led to a relatively rapid rise in material costs ⚫ Endeavoured to reduce materials costs - leveraging AI digital tools to speed up the upgrading of centralized procurement management and improve cost-savings rate from centralized procurement 33 SG&A Expenses1: Effectively saved administrative expenses, SG&A as a % of revenues▼0.3pp 1H2025 ✓ Controlling Major Expenses ✓ Striving to Improve Management Efficiency4.8% 17.3% 55.8% 2.0% 9.8% 8.0% R&D Expenses1: Invested R&D precisely to cultivate related capabilities in AI, digital infrastructure to ensure that R&D delivers results ✓ Optimizing Resource Allocation Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (1) Direct Personnel Costs Materials Costs Subcontracting Charges SG&A Expenses1 Depreciation & Amortisation and Others Direct Costs of Products Distribution Cost/Expense as a % of Revenues (1) SG&A expenses include selling expenses, administrative expenses, R&D expenses, and other expenses.
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0.8pp 1H2024 SG&A as a % of Revenues: Continuously Decreased 8.0% 7.7% 1H2025 1H2026 0.3pp 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2.2% 1,574 8.4% 1.2% 2.1% 2.3% Operating Profit Margin Operating Profit: (Gross Profit-SG&A) 1H2025 1H2026 1,706 1,726 1H2024 Effective Efficiency Improvement Measures Supporting Profitability ⚫ Place greater emphasis on development quality, with a focus on project quality and cash collection ⚫ Strengthen the drive from technological innovation, to enhance business value and continuously optimize business mix ⚫ Further leverage AI digital means to strengthen full-process project management, thereby driving profitability improvement as well as quality and efficiency enhancement Operating Profit Margin Steadily Improved Striving to Achieve the Stabilization and Recovery of Gross Profit Margin 0.6pp 1H20251H2024 1H2026 10.3% 10.0% 0.3pp Gross Profit Margin: Rate of Decline Moderated 34 10.9% 8.8% Medium- and Long-Term Goals Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (2) (RMB’M)
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35 1H20261H2025 1H2025 1H2026 2,129 1,970 1,8561 7.5% 3.2%1 2.5%1 2.5%1 1,9171 114 212 Striving to Maintain Stable Overall Profit Margin and Achieve Stability in Net Profit for the Full Year Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (3) Net Profit Margin：Remained Stable1 Net Profit Margin on a Comparable Basis1 Net Profit on a Comparable Basis1 Factors of Net Profit Changes (RMB’M) (RMB’M) Gross Profit SG&A Dividend Income1 Others (1) Figures on a comparable basis exclude the impact of dividend income as a non-comparable factor. 2,129 1,970 +476-456 7.5% -98 -81 Decline in interest rates led to lower interest income, along with the impact of rise in tax and other factors Decrease in dividend income Factors such as intensified competition and rise in material costs affected gross profit margin Strictly controlled administrative expenses and precisely invested in R&D, resulting in savings in SG&A expenses
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36 Free Cash Flow (RMB’ M) Accounts Receivables (Including Contract Assets) (RMB’M) -2,165 8,4227,379 2H2024 2H2025 -7,627 Accounts Payable Turnover Days Accounts Receivables Turnover Days Turnover Days of Accounts Receivables (Including Contract Assets) and Accounts Payable 30.6.2024 30.6.2025 30.6.2026 188 211 210 139 160 167 -7,706 1H2026 1 23 21 7 Accounts Payable (RMB’M) 1H20251H2024 Cash Flow Remained Largely Stable Continued to Effectively Manage Working Capital ⚫ Continuously strengthened the collection of accounts receivables, the total amount of accounts receivables remained largely stable, and the increase of collection days slowed down ⚫ Proactively optimized settlement method of supply chain and accelerated external payments to build a healthy industry ecosystem ⚫ To support the expansion of major projects such as intelligent computing center construction, advance project payment increased 60,961 30.6.2026 66,651 30.6.2025 67,578 72,148 72,658 59,060 30.6.202430.6.202630.6.202530.6.2024
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37 31.12.2025 30.06.2026 Total Assets 136,682 139,214 In which: Cash and Fixed Deposits1 33,755 25,408 Accounts Receivables and Contract Assets 63,507 72,658 Total Liabilities 87,594 90,083 In which: Accounts Payable 63,142 66,651 Contract Liabilities 9,660 6,786 Interest-bearing Borrowings 699 686 Equity Attributable to Equity Shareholders of the Company 47,839 47,851 Total Liabilities/Total Assets (%) 64.1% 64.7% Gearing Ratio2 (%) 1.4% 1.4% Financial Position Remained Healthy Gearing Ratio Maintained at a Low Level (RMB’M) (1) Cash and fixed deposits refer to the total amount of cash and cash equivalents, restricted cash as well as fixed deposits in current assets and non-current assets. (2) Gearing ratio refers to total interest-bearing borrowings divided by the sum of equity attributable to equity shareholders of the Company and total interest-bearing borrowings at the end of the year (or period).
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Thank You ! If You Wish to Access the Company Information or Further Communicate with Us Please Visit Our Website www.chinaccs.com.hk or Contact Investor Relations Department ir@chinaccs.com.hk
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Appendix 39
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1H2025 1H2026 Change % TIS (Telecommunications Infrastructure Services) Domestic Operator 17,866 18,047 1.0% Domestic Non-operator 18,874 16,943 -10.2% Overseas Customer 1,532 1,612 5.2% Subtotal 38,272 36,602 -4.4% BPO (Business Process Outsourcing Services) Domestic Operator 13,879 13,688 -1.4% Domestic Non-operator 8,147 8,216 0.8% Overseas Customer 357 200 -43.7% Subtotal 22,383 22,104 -1.2% ACO (Applications, Content and Other Services) Domestic Operator 6,458 7,187 11.3% Domestic Non-operator 9,564 8,089 -15.4% Overseas Customer 262 498 89.6% Subtotal 16,284 15,774 -3.1% Revenues 76,939 74,480 -3.2% 40 Business Revenue Breakdown – by Market (RMB’M)
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The Company would like to caution readers about the forward-looking nature of certain statements herein. These forward-looking statements are subject to risks, uncertainties and assumptions, which are beyond its control. Potential risks and uncertainties include those concerning, among others, the change of macroeconomic environment, natural disaster, the growth of the relevant industries, the change in the regulatory environment, and our ability to successfully execute our business strategies. In addition, these forward-looking statements reflect the Company’s current views with respect to future events and are not a guarantee of future performance. The Company does not intend to update these forward-looking statements. Actual result may differ materially from the information contained in the forward-looking statements as a result of a number of factors. Forward-looking Statement 41