China Telecom Corporation Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	520,394	523,925	523,569	513,551	481,448	439,553
Revenue Growth (YoY)	-0.61%	0.07%	1.95%	6.67%	9.53%	11.69%
Cost of Revenue	371,484	371,615	373,502	253,216	232,361	209,397
Gross Profit	148,910	152,310	150,067	260,335	249,087	230,156
Selling, General & Admin	90,666	90,309	92,608	66,804	64,277	61,154
Research & Development	15,594	15,594	14,527	-	-	-
Other Operating Expenses	-45.91	851.09	4.19	56,701	54,451	45,088
Operating Expenses	111,182	111,985	110,950	223,207	215,660	199,208
Operating Income	37,728	40,325	39,117	37,128	33,427	30,948
Interest Expense	-1,986	-2,054	-2,391	-2,545	-1,881	-2,404
Interest & Investment Income	5,000	4,808	4,868	2,660	2,051	3,348
Earnings From Equity Investments	343	-	-	2,116	2,051	1,966
Currency Exchange Gain (Loss)	-28.39	-28.39	51.41	-155	66	7
Other Non Operating Income (Expenses)	-2,661	-2,661	1,017	-	-	-
EBT Excluding Unusual Items	38,395	40,389	42,662	39,204	35,714	33,865
Gain (Loss) on Sale of Investments	1,054	1,054	-1,077	-	-	-
Gain (Loss) on Sale of Assets	2,833	2,833	2,224	-	-	-
Asset Writedown	-4,836	-4,836	-4,172	-	-	-
Other Unusual Items	3,240	3,240	2,536	-	-	-
Pretax Income	40,686	42,680	42,172	39,204	35,714	33,865
Income Tax Expense	9,018	9,457	9,197	8,776	8,038	7,716
Earnings From Continuing Operations	31,668	33,223	32,975	30,428	27,676	26,149
Minority Interest in Earnings	2.94	-38.06	37.05	18	-83	-200
Net Income	31,671	33,185	33,012	30,446	27,593	25,949
Net Income to Common	31,671	33,185	33,012	30,446	27,593	25,949
Net Income Growth	-4.83%	0.52%	8.43%	10.34%	6.34%	24.46%
Shares Outstanding (Basic)	91,507	91,507	91,507	91,507	91,507	84,442
Shares Outstanding (Diluted)	91,507	91,507	91,507	91,507	91,507	84,442
Shares Change (YoY)	-	-	-	-	8.37%	4.34%
EPS (Basic)	0.35	0.36	0.36	0.33	0.30	0.31
EPS (Diluted)	0.34	0.36	0.36	0.33	0.30	0.31
EPS Growth	-6.51%	-	9.09%	10.00%	-2.38%	19.28%
Free Cash Flow	63,121	51,371	54,997	47,642	46,727	52,685
Free Cash Flow Per Share	0.69	0.56	0.60	0.52	0.51	0.62
Dividend Per Share	0.272	0.272	0.260	0.233	0.196	0.170
Dividend Growth	4.70%	4.70%	11.41%	18.98%	15.29%	63.04%
Gross Margin	28.62%	29.07%	28.66%	50.69%	51.74%	52.36%
Operating Margin	7.25%	7.70%	7.47%	7.23%	6.94%	7.04%
Profit Margin	6.09%	6.33%	6.30%	5.93%	5.73%	5.90%
Free Cash Flow Margin	12.13%	9.80%	10.50%	9.28%	9.71%	11.99%
EBITDA	116,943	119,803	123,998	112,362	106,157	102,454
EBITDA Margin	22.47%	22.87%	23.68%	21.88%	22.05%	23.31%
D&A For EBITDA	79,215	79,478	84,881	75,234	72,730	71,506
EBIT	37,728	40,325	39,117	37,128	33,427	30,948
EBIT Margin	7.25%	7.70%	7.47%	7.23%	6.94%	7.04%
Effective Tax Rate	22.17%	22.16%	21.81%	22.38%	22.51%	22.79%
Advertising Expenses	-	2,250	2,370	2,882	2,804	2,904

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