China Telecom Corporation Balance Sheet

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
Cash & Equivalents	45,663	99,806	102,009	81,046	72,465	73,284
Short-Term Investments	39,616	51.2	-	10,805	3,835	1,929
Trading Asset Securities	27,269	11,709	-	-	-	-
Cash & Short-Term Investments	112,548	111,567	102,009	91,851	76,300	75,213
Cash Growth	25.35%	9.37%	11.06%	20.38%	1.44%	127.28%
Accounts Receivable	74,119	59,392	49,550	36,875	27,354	23,301
Other Receivables	158	19,190	21,784	8,915	23,952	16,995
Receivables	74,277	81,182	73,396	53,870	51,306	40,296
Inventory	3,747	3,431	3,267	3,417	3,513	3,827
Prepaid Expenses	-	-	-	3,557	3,657	3,184
Other Current Assets	32,626	9,955	9,453	15,168	6,296	4,843
Total Current Assets	223,198	206,135	188,125	167,863	141,072	127,363
Property, Plant & Equipment	520,486	508,994	532,321	559,089	559,461	528,625
Long-Term Investments	49,071	59,291	55,854	45,029	43,507	42,630
Goodwill	30,913	30,914	29,925	29,923	29,922	29,919
Other Intangible Assets	27,086	49,710	47,678	22,702	20,780	19,753
Long-Term Accounts Receivable	-	819.65	1,442	-	-	-
Long-Term Deferred Tax Assets	1,014	1,002	673.48	1,347	3,821	6,688
Long-Term Deferred Charges	-	4,274	4,731	1,486	1,503	1,436
Other Long-Term Assets	27,311	9,503	5,876	8,375	7,632	5,825
Total Assets	879,079	870,644	866,625	835,814	807,698	762,239
Accounts Payable	154,504	94,475	111,319	145,872	127,260	114,893
Accrued Expenses	91,543	47,962	46,594	38,634	39,525	34,717
Short-Term Debt	2,253	4,459	2,835	2,867	2,840	2,821
Current Portion of Long-Term Debt	1,500	1,466	1,238	1,133	3,160	6,280
Current Portion of Leases	15,429	24,846	22,980	13,399	14,488	13,810
Current Income Taxes Payable	975	1,563	2,410	488	919	588
Current Unearned Revenue	62,790	67,113	65,185	65,417	67,841	70,914
Other Current Liabilities	-	81,828	72,816	35,626	25,704	21,048
Total Current Liabilities	328,994	323,713	325,377	303,436	281,737	265,071
Long-Term Debt	5,597	6,109	7,459	5,142	4,484	7,395
Long-Term Leases	20,776	25,051	34,842	42,650	52,408	28,594
Long-Term Unearned Revenue	-	7,271	7,355	-	-	-
Long-Term Deferred Tax Liabilities	39,839	39,294	34,107	31,025	27,945	26,677
Other Long-Term Liabilities	7,997	945.94	933.15	6,394	4,697	3,329
Total Liabilities	403,203	402,384	410,073	388,647	371,271	331,066
Common Stock	91,507	91,507	91,507	91,507	91,507	91,507
Additional Paid-In Capital	-	69,997	69,592	47,687	47,687	47,687
Retained Earnings	-	299,476	291,355	283,901	273,517	272,464
Comprehensive Income & Other	376,821	-153.19	-64.85	19,831	19,378	17,020
Total Common Equity	468,328	460,828	452,390	442,926	432,089	428,678
Minority Interest	7,548	7,432	4,162	4,241	4,338	2,495
Shareholders' Equity	475,876	468,259	456,552	447,167	436,427	431,173
Total Liabilities & Equity	879,079	870,644	866,625	835,814	807,698	762,239
Total Debt	45,555	61,932	69,355	65,191	77,380	58,900
Net Cash (Debt)	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	0.73	0.54	0.36	0.29	-0.01	0.19
Filing Date Shares Outstanding	91,507	91,507	91,507	91,507	91,507	91,507
Total Common Shares Outstanding	91,507	91,507	91,507	91,507	91,507	91,507
Working Capital	-105,796	-117,578	-137,252	-135,573	-140,665	-137,708
Book Value Per Share	5.12	5.04	4.94	4.84	4.72	4.68
Tangible Book Value	410,329	380,204	374,786	390,301	381,387	379,006
Tangible Book Value Per Share	4.48	4.15	4.10	4.27	4.17	4.14
Buildings	-	117,698	114,157	111,241	109,014	107,198
Machinery	-	951,731	933,331	920,528	911,551	924,466
Construction In Progress	-	56,481	58,801	72,238	58,443	51,457

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