China Telecom Corporation Limited (HKG:0728)

China Telecom Corporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	532,866	529,417	513,551	481,448	439,553	393,561
Revenue Growth (YoY)	2.70%	3.09%	6.67%	9.53%	11.69%	4.75%
Cost of Revenue	266,655	263,877	253,216	232,361	209,397	185,506
Gross Profit	266,210	265,540	260,335	249,087	230,156	208,055
Selling, General & Admin	65,620	66,663	66,804	64,277	61,154	55,059
Other Operating Expenses	59,371	58,030	56,701	54,451	45,088	29,074
Operating Expenses	227,725	225,737	223,207	215,660	199,208	174,373
Operating Income	38,485	39,803	37,128	33,427	30,948	33,682
Interest Expense	-2,262	-2,391	-2,545	-1,881	-2,404	-3,433
Interest & Investment Income	2,312	2,314	2,660	2,051	3,348	642
Earnings From Equity Investments	2,525	2,525	2,116	2,051	1,966	1,701
Currency Exchange Gain (Loss)	-137.45	-79	-155	66	7	-163
EBT Excluding Unusual Items	41,977	42,172	39,204	35,714	33,865	32,429
Gain (Loss) on Sale of Assets	52.29	-	-	-	-	-
Asset Writedown	-4.03	-	-	-	-	-5,042
Pretax Income	43,528	42,172	39,204	35,714	33,865	27,387
Income Tax Expense	9,500	9,197	8,776	8,038	7,716	6,307
Earnings From Continuing Operations	34,028	32,975	30,428	27,676	26,149	21,080
Minority Interest in Earnings	189.22	37	18	-83	-200	-230
Net Income	34,217	33,012	30,446	27,593	25,949	20,850
Net Income to Common	34,217	33,012	30,446	27,593	25,949	20,850
Net Income Growth	6.58%	8.43%	10.34%	6.34%	24.46%	1.62%
Shares Outstanding (Basic)	91,507	91,507	91,507	91,507	84,442	80,932
Shares Outstanding (Diluted)	91,507	91,507	91,507	91,507	84,442	80,932
Shares Change (YoY)	-	-	-	8.37%	4.34%	-
EPS (Basic)	0.37	0.36	0.33	0.30	0.31	0.26
EPS (Diluted)	0.37	0.36	0.33	0.30	0.31	0.26
EPS Growth	5.71%	9.09%	10.00%	-2.38%	19.28%	1.62%
Free Cash Flow	51,603	55,121	47,642	46,727	52,685	43,512
Free Cash Flow Per Share	0.56	0.60	0.52	0.51	0.62	0.54
Dividend Per Share	0.274	0.260	0.233	0.196	0.170	0.104
Dividend Growth	6.53%	11.41%	18.98%	15.29%	63.04%	-8.89%
Gross Margin	49.96%	50.16%	50.69%	51.74%	52.36%	52.86%
Operating Margin	7.22%	7.52%	7.23%	6.94%	7.04%	8.56%
Profit Margin	6.42%	6.24%	5.93%	5.73%	5.90%	5.30%
Free Cash Flow Margin	9.68%	10.41%	9.28%	9.71%	11.99%	11.06%
EBITDA	112,724	115,845	112,362	106,157	102,454	104,124
EBITDA Margin	21.15%	21.88%	21.88%	22.05%	23.31%	26.46%
D&A For EBITDA	74,239	76,042	75,234	72,730	71,506	70,442
EBIT	38,485	39,803	37,128	33,427	30,948	33,682
EBIT Margin	7.22%	7.52%	7.23%	6.94%	7.04%	8.56%
Effective Tax Rate	21.83%	21.81%	22.38%	22.51%	22.79%	23.03%
Advertising Expenses	-	2,370	2,882	2,804	2,904	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.