irasia.com


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

Financial Highlights       

Full Year


Year ended 31 December (RMB million)
2021 2022 2023
Operating Revenue 439,553 481,448 513,551
Service Revenue 402,828 434,928 464,965
Operating Profit 30,948 33,427 37,128
EBITDA 123,914 130,359 136,830
EBITDA Margin 30.8% 30.0% 29.4%
Net Profit 25,949 27,593 30,446

Please refer to the notes of the audited financial statements included in the Company's annual report for the related accounting policy.

Service Revenue = Operating Revenue - Sales of Mobile Terminals - Sales of Wireline Equipment - Other Non-Service Revenue

EBITDA Margin = EBITDA / Service Revenue

Net Profit for 2021 included the one-off after-tax gain from the disposal of E-surfing Pay and China Telecom Leasing Corporation Limited of RMB1,416Mil

Certain figures in 2021 are adjusted retrospectively and restated pursuant to the acquisition of Beeya (Shanghai) Technology Co., Ltd. in December 2022.



Half Year (IFRS)


For the half year from 1 January to 30 June (RMB Million)
2021/1H 2022/1H 2023/1H
193,803 219,237 242,319 260,664
Service Revenue 203,502 221,384 235,977
Operating Profit 21,251 23,113 25,508
EBITDA 66,348 69,848 73,346
EBITDA Margin 32.6% 31.6% 31.1%
Net Profit 17,743 18,291 20,153

Service Revenue = Operating Revenue - Sales of Mobile Terminals - Sales of Wireline Equipment - Other Non-Service Revenue

EBITDA Margin = EBITDA / Service Revenue

Net Profit for the first half of 2021 included the one-off after-tax gain from the disposal of E-surfing Pay and China Telecom Leasing Corporation Limited of RMB1,416Mil

Quarterly (IFRS)


Selected Quarterly Unaudited Key Performance Indicators
2022/Q1 2022/Q2 2022/Q3 2022/Q4 2023/Q1 2023/Q2 2023/Q3 2023/Q4
Operating Revenue (RMB Million) 119,629 122,690 118,663 120,466 130,588 130,076 123,590 129,297
Service Revenue (RMB Million) 110,024 111,360 107,217 106,327 118,478 117,499 113,766 115,222
EBITDA (RMB Million) 32,361 37,487 30,610 29,901 33,874 39,472 32,302 31,182
Profit attributable to Equity Holders of the Company (RMB Million) 7,223 11,068 6,252 3,050 7,984 12,169 6,948 3,345

Service Revenue = Operating Revenue - Sales of Mobile Terminals - Sales of Wireline Equipment - Other Non-Service Revenue

Certain figures in 2021 are adjusted retrospectively and restated pursuant to the acquisition of Beeya (Shanghai) Technology Co., Ltd. in December 2022.

updated 27th March, 2024


  • Company's Index
  • irasia.com

  • © Copyright 1996-2023 irasia.com Ltd. All rights reserved.
    DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website.
    TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited.
    TERMS OF USE: Please read the Terms of Use governing the use of our website.