China Telecom Corporation Limited (HKG:0728)

China Telecom Corporation Financials Overview

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

Revenue & Profits

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	520,394	523,925	523,569	513,551	481,448	439,553
Revenue Growth	-0.61%	0.07%	1.95%	6.67%	9.53%	11.69%
Gross Profit Gross Profit Growth	148,910	152,310	150,067	260,335	249,087	230,156
Operating Income Operating Income Growth	37,728	40,325	39,117	37,128	33,427	30,948
Net Income Net Income Growth	31,671	33,185	33,012	30,446	27,593	25,949
Earnings Per Share EPS Growth	0.34	0.36	0.36	0.33	0.30	0.31
EPS Growth	-6.51%	0%	9.09%	10.00%	-2.38%	19.28%

Revenue by Segment

Chart

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Mobile Communications Service Mobile Communications Service Growth	204,528	202,524	195,660	191,026	184,158
Wireline and Smart Family Service Wireline and Smart Family Service Growth	125,979	125,680	123,063	118,534	113,522
Industrial Digitalisation Service Industrial Digitalisation Service Growth	147,307	146,588	138,890	117,756	98,945
Other Service Other Service Growth	7,611	7,241	7,352	7,612	6,203
Revenue from Sales of Goods and Others Revenue from Sales of Goods and Others Growth	38,501	41,536	48,586	46,520	36,725

Cash & Debt

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	112,548	111,567	102,009	91,851	76,300	75,213
Total Debt Total Debt Growth	45,555	61,932	69,355	65,191	77,380	58,900
Net Cash (Debt) Net Cash Growth	66,993	49,635	32,654	26,660	-1,080	16,313
Net Cash Growth	107.11%	52.00%	22.48%	-	-	-
Net Cash Per Share Net Cash Per Share Growth	0.73	0.54	0.36	0.29	-0.01	0.19

Cash Flow & CapEx

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	137,249	124,519	145,268	137,508	136,432	137,533
Capital Expenditures CapEx Growth	-74,128	-73,148	-90,271	-89,866	-89,705	-84,848
Free Cash Flow Free Cash Flow Growth	63,121	51,371	54,997	47,642	46,727	52,685
Free Cash Flow Growth	37.20%	-6.59%	15.44%	1.96%	-11.31%	21.08%

Margins

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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%
Pretax Margin	7.82%	8.15%	8.05%	7.63%	7.42%	7.70%
Profit Margin	6.09%	6.33%	6.30%	5.93%	5.73%	5.90%
FCF Margin	12.13%	9.80%	10.50%	9.28%	9.71%	11.99%

Dividends

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.315	0.272	0.260	0.233	0.196	0.170
Dividend Per Share Growth	-65.35%	4.70%	11.41%	18.98%	15.29%	63.04%
Dividend Yield	6.59%	5.73%	6.09%	7.83%	8.76%	10.96%

Valuation

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	12.32	16.76	18.90	15.34	13.15	14.09
Forward PE	12.12	12.18	11.95	9.36	8.18	6.79
P/FCF Ratio	9.06	10.83	11.35	9.80	7.77	6.94
PS Ratio	1.10	1.06	1.19	0.91	0.75	0.83

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Jul 29, 2026

Data Sources Report a data error