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)

2022/1H 2023/1H 2024/1H Operating Revenue 242,319 260,664 268,011 Service Revenue 221,384 235,977 246,235 Operating Profit 23,113 25,508 27,260 EBITDA 69,848 73,346 76,792 Net Profit 18,291 20,153 21,812 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/Q4 2023/Q1 2023/Q2 2023/Q3 2023/Q4 2024/Q1 2024/Q2 2024/Q3 Operating Revenue (RMB Million) 120,466 130,588 130,076 123,590 129,297 135,493 132,518 126,707 Service Revenue (RMB Million) 106,327 118,478 117,499 113,766 115,222 124,347 121,888 116,651 EBITDA (RMB Million) 29,901 33,874 39,472 32,302 31,182 35,100 41,692 34,231 Profit attributable to Equity Holders of the Company (RMB Million) 3,050 7,984 12,169 6,948 3,345 8,597 13,215 7,487 Service Revenue = Operating Revenue - Sales of Mobile Terminals - Sales of Wireline Equipment - Other Non-Service Revenue

updated 23rd October, 2024

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