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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	518,708	507,843	474,967	439,553	393,561	375,734
Revenue Growth (YoY)	4.11%	6.92%	8.06%	11.69%	4.74%	-0.37%
Cost of Revenue	369,512	361,429	339,879	209,397	185,506	173,366
Gross Profit	149,196	146,414	135,088	230,156	208,055	202,368
Selling, General & Admin	90,363	91,832	87,381	61,154	55,059	57,361
Research & Development	14,467	13,052	10,560	-	-	-
Other Operating Expenses	2,709	1,862	-2,901	45,088	29,074	27,792
Operating Expenses	106,736	110,091	97,145	199,208	174,373	173,298
Operating Income	42,459	36,323	37,943	30,948	33,682	29,070
Interest Expense	-640.56	-2,545	-1,881	-2,404	-3,433	-4,090
Interest & Investment Income	3,297	4,742	4,073	3,348	642	522
Earnings From Equity Investments	-	-	-	1,966	1,701	1,573
Currency Exchange Gain (Loss)	-26.86	-26.86	85.17	7	-163	-41
Other Non Operating Income (Expenses)	-5,397	-201.93	1,773	-	-	-
EBT Excluding Unusual Items	39,692	38,291	41,993	33,865	32,429	27,034
Gain (Loss) on Sale of Investments	-605.49	-883.31	-90.74	-	-	-
Gain (Loss) on Sale of Assets	-3,068	-4,060	-6,083	-	-	-
Asset Writedown	-54.52	-81.51	-105.77	-	-5,042	-
Other Unusual Items	5,938	5,938	-	-	-	-
Pretax Income	41,903	39,204	35,714	33,865	27,387	27,034
Income Tax Expense	9,277	8,776	8,038	7,716	6,307	6,322
Earnings From Continuing Operations	32,626	30,428	27,676	26,149	21,080	20,712
Minority Interest in Earnings	18.25	17.27	-83.01	-200	-230	-195
Net Income	32,644	30,446	27,593	25,949	20,850	20,517
Net Income to Common	32,644	30,446	27,593	25,949	20,850	20,517
Net Income Growth	8.27%	10.34%	6.34%	24.46%	1.62%	-3.27%
Shares Outstanding (Basic)	92,425	91,507	91,507	84,442	80,932	80,932
Shares Outstanding (Diluted)	92,425	91,507	91,507	84,442	80,932	80,932
Shares Change (YoY)	1.47%	-	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	6.38%	10.00%	-2.37%	19.28%	1.62%	-3.27%
Free Cash Flow	35,301	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	0.090	0.233	0.196	0.170	0.104	0.114
Dividend Growth	-73.47%	18.98%	15.29%	63.04%	-8.89%	4.18%
Gross Margin	28.76%	28.83%	28.44%	52.36%	52.86%	53.86%
Operating Margin	8.19%	7.15%	7.99%	7.04%	8.56%	7.74%
Profit Margin	6.29%	6.00%	5.81%	5.90%	5.30%	5.46%
Free Cash Flow Margin	6.81%	9.54%	9.62%	11.99%	11.06%	7.92%
EBITDA	121,618	112,428	118,107	102,454	104,124	100,028
EBITDA Margin	23.45%	22.14%	24.87%	23.31%	26.46%	26.62%
D&A For EBITDA	79,159	76,105	80,164	71,506	70,442	70,958
EBIT	42,459	36,323	37,943	30,948	33,682	29,070
EBIT Margin	8.19%	7.15%	7.99%	7.04%	8.56%	7.74%
Effective Tax Rate	22.14%	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.