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China Telecom Corporation Limited (HKG:0728)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
4.885
+0.155 (3.28%)
Aug 21, 2026, 4:08 PM HKT

China Telecom Corporation Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
33,18533,01230,44627,59325,949
Depreciation & Amortization
95,551100,84292,29190,04386,603
Other Amortization
10,4822,1177,4116,8896,363
Loss (Gain) From Sale of Assets
1,3971,8564,0466,1586,095
Asset Writedown & Restructuring Costs
443.3813.81---
Loss (Gain) From Sale of Investments
-411.328.723,4192,3401,819
Loss (Gain) on Equity Investments
---2,116-2,051-1,966
Provision & Write-off of Bad Debts
5,2303,810---
Other Operating Activities
-1,734506.496,1355,5532,699
Change in Accounts Receivable
-19,576-22,043-12,880-6,027-3,645
Change in Inventory
64.05146.2690370-595
Change in Accounts Payable
-4,89321,10810,1769,6834,225
Change in Unearned Revenue
---2,432-3,1657,140
Change in Other Net Operating Assets
--922-9542,846
Operating Cash Flow
124,519145,268137,508136,432137,533
Operating Cash Flow Growth
-14.28%5.64%0.79%-0.80%3.99%

Investing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-73,148-90,271-89,866-89,705-84,848
Sale of Property, Plant & Equipment
1,9911,4111,2231,4221,637
Cash Acquisitions
1,466----
Divestitures
----3,764
Investment in Securities
-30,060-20,590-6,622-7771,404
Other Investing Activities
2,4482,138-227-7,736-2,245
Investing Cash Flow
-97,840-101,294-95,492-96,796-80,288

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
6,9226,6135,9883,69238,922
Long-Term Debt Repaid
-31,160-25,867-25,886-25,512-88,521
Net Debt Issued (Repaid)
-24,237-19,254-19,898-21,820-49,599
Issuance of Common Stock
----47,519
Common Dividends Paid
-25,482-24,092-20,059-26,537-8,439
Other Financing Activities
2,333444.546,4807,4513,001
Financing Cash Flow
-47,387-42,902-33,477-40,906-7,518

Net Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-104.7589.242451-127
Net Cash Flow
-20,8131,1618,581-81949,600

Free Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
51,37154,99747,64246,72752,685
Free Cash Flow Growth
-6.59%15.44%1.96%-11.31%21.08%
Free Cash Flow Margin
9.80%10.50%9.28%9.71%11.99%
Free Cash Flow Per Share
0.560.600.520.510.62
Levered Free Cash Flow
43,27639,75347,14434,41938,567
Unlevered Free Cash Flow
44,56041,24748,73535,59540,070

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
--2,6461,9932,522
Cash Income Tax Paid
15,21013,0973,7763,2403,718
Change in Working Capital
-19,6243,082-4,124-939,971