China Telecom Corporation Limited (HKG: 0728)

China Telecom Corporation Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	515,190	507,843	474,967	439,553	393,561	375,734
Revenue Growth (YoY)	4.43%	6.92%	8.06%	11.69%	4.74%	-0.37%
Cost of Revenue	367,076	361,429	339,879	209,397	185,506	173,366
Gross Profit	148,114	146,414	135,088	230,156	208,055	202,368
Selling, General & Admin	92,083	91,832	87,381	61,154	55,059	57,361
Research & Development	13,052	13,052	10,560	-	-	-
Other Operating Expenses	-135.22	1,862	-2,901	45,088	29,074	27,792
Operating Expenses	110,039	110,091	97,145	199,208	174,373	173,298
Operating Income	38,075	36,323	37,943	30,948	33,682	29,070
Interest Expense	-2,418	-2,545	-1,881	-2,404	-3,433	-4,090
Interest & Investment Income	4,670	4,742	4,073	3,348	642	522
Earnings From Equity Investments	149	-	-	1,966	1,701	1,573
Currency Exchange Gain (Loss)	76.14	-26.86	85.17	7	-163	-41
Other Non Operating Income (Expenses)	-201.93	-201.93	1,773	-	-	-
EBT Excluding Unusual Items	40,350	38,291	41,993	33,865	32,429	27,034
Gain (Loss) on Sale of Investments	-883.31	-883.31	-90.74	-	-	-
Gain (Loss) on Sale of Assets	-4,060	-4,060	-6,083	-	-	-
Asset Writedown	-81.51	-81.51	-105.77	-	-5,042	-
Other Unusual Items	5,938	5,938	-	-	-	-
Pretax Income	41,263	39,204	35,714	33,865	27,387	27,034
Income Tax Expense	9,043	8,776	8,038	7,716	6,307	6,322
Earnings From Continuing Operations	32,220	30,428	27,676	26,149	21,080	20,712
Minority Interest in Earnings	-115.73	17.27	-83.01	-200	-230	-195
Net Income	32,105	30,446	27,593	25,949	20,850	20,517
Net Income to Common	32,105	30,446	27,593	25,949	20,850	20,517
Net Income Growth	8.99%	10.34%	6.34%	24.46%	1.62%	-3.27%
Shares Outstanding (Basic)	91,507	91,507	91,507	84,442	80,932	80,932
Shares Outstanding (Diluted)	91,507	91,507	91,507	84,442	80,932	80,932
Shares Change (YoY)	-	-	8.37%	4.34%	-	-
EPS (Basic)	0.35	0.33	0.30	0.31	0.26	0.25
EPS (Diluted)	0.35	0.33	0.30	0.31	0.26	0.25
EPS Growth	9.38%	10.00%	-2.37%	19.28%	1.62%	-3.27%
Free Cash Flow	34,946	48,449	45,707	52,685	43,512	29,747
Free Cash Flow Per Share	0.38	0.53	0.50	0.62	0.54	0.37
Dividend Per Share	0.257	0.233	0.196	0.170	0.104	0.114
Dividend Growth	17.29%	18.98%	15.29%	63.04%	-8.89%	4.18%
Gross Margin	28.75%	28.83%	28.44%	52.36%	52.86%	53.86%
Operating Margin	7.39%	7.15%	7.99%	7.04%	8.56%	7.74%
Profit Margin	6.23%	6.00%	5.81%	5.90%	5.30%	5.46%
Free Cash Flow Margin	6.78%	9.54%	9.62%	11.99%	11.06%	7.92%
EBITDA	115,874	112,428	118,107	102,454	104,124	100,028
EBITDA Margin	22.49%	22.14%	24.87%	23.31%	26.46%	26.62%
D&A For EBITDA	77,799	76,105	80,164	71,506	70,442	70,958
EBIT	38,075	36,323	37,943	30,948	33,682	29,070
EBIT Margin	7.39%	7.15%	7.99%	7.04%	8.56%	7.74%
Effective Tax Rate	21.92%	22.39%	22.51%	22.78%	23.03%	23.39%
Advertising Expenses	-	2,882	2,804	2,904	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.