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China Telecom Corporation Limited (HKG:0728)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
4.605
+0.055 (1.21%)
Sep 10, 2026, 4:08 PM HKT

China Telecom Corporation Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
29,75533,18533,01230,44627,59325,949
Depreciation & Amortization
90,24095,551100,84292,29190,04386,603
Other Amortization
16,08510,4822,1177,4116,8896,363
Loss (Gain) From Sale of Assets
810.741,3971,8564,0466,1586,095
Asset Writedown & Restructuring Costs
427.49443.3813.81---
Loss (Gain) From Sale of Investments
-1,952-411.328.723,4192,3401,819
Loss (Gain) on Equity Investments
----2,116-2,051-1,966
Provision & Write-off of Bad Debts
5,9525,2303,810---
Other Operating Activities
-2,425-1,734506.496,1355,5532,699
Change in Accounts Receivable
-11,551-19,576-22,043-12,880-6,027-3,645
Change in Inventory
-611.8764.05146.2690370-595
Change in Accounts Payable
7,613-4,89321,10810,1769,6834,225
Change in Unearned Revenue
----2,432-3,1657,140
Change in Other Net Operating Assets
---922-9542,846
Operating Cash Flow
137,860124,519145,268137,508136,432137,533
Operating Cash Flow Growth
3.19%-14.28%5.64%0.79%-0.80%3.99%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-72,261-73,148-90,271-89,866-89,705-84,848
Sale of Property, Plant & Equipment
1,4861,9911,4111,2231,4221,637
Cash Acquisitions
11.071,466----
Divestitures
-----3,764
Investment in Securities
-25,992-30,060-20,590-6,622-7771,404
Other Investing Activities
2,9462,4482,138-227-7,736-2,245
Investing Cash Flow
-94,280-97,840-101,294-95,492-96,796-80,288

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 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
Lease Payments
-15,058-18,271-17,220-14,647-15,897-14,035
Net Debt Issued (Repaid)
-26,684-24,237-19,254-19,898-21,820-49,599
Issuance of Common Stock
-----47,519
Common Dividends Paid
-25,261-25,482-24,092-20,059-26,537-8,439
Other Financing Activities
-3,6712,333444.546,4807,4513,001
Financing Cash Flow
-55,616-47,387-42,902-33,477-40,906-7,518

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-264.89-104.7589.242451-127
Net Cash Flow
-12,302-20,8131,1618,581-81949,600

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
65,59951,37154,99747,64246,72752,685
Free Cash Flow Growth
28.45%-6.59%15.44%1.96%-11.31%21.08%
Free Cash Flow Margin
12.78%9.80%10.50%9.28%9.71%11.99%
Free Cash Flow Per Share
0.720.560.600.520.510.62
Levered Free Cash Flow
37,78643,27639,75347,14434,41938,567
Unlevered Free Cash Flow
38,93744,56041,24748,73535,59540,070
Free Cash Flow After Leases
50,54133,09937,77732,99530,83038,650

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
---2,6461,9932,522
Cash Income Tax Paid
17,96615,21013,0973,7763,2403,718
Change in Working Capital
-1,034-19,6243,082-4,124-939,971