China Telecom Corporation Limited (HKG:0728)
Hong Kong · Delayed Price · Currency is HKD 4.515
-0.040 (-0.88%)
Nov 10, 2026, 4:08 PM HKT
China Telecom Corporation Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Net Income | 28,619 | 33,185 | 33,012 | 30,446 | 27,593 | 25,949 |
Depreciation & Amortization | 95,551 | 95,551 | 100,842 | 92,291 | 90,043 | 86,603 |
Other Amortization | 10,482 | 10,482 | 2,117 | 7,411 | 6,889 | 6,363 |
Loss (Gain) From Sale of Assets | 1,397 | 1,397 | 1,856 | 4,046 | 6,158 | 6,095 |
Asset Writedown & Restructuring Costs | 443.38 | 443.38 | 13.81 | - | - | - |
Loss (Gain) From Sale of Investments | -411.3 | -411.3 | 28.72 | 3,419 | 2,340 | 1,819 |
Loss (Gain) on Equity Investments | - | - | - | -2,116 | -2,051 | -1,966 |
Provision & Write-off of Bad Debts | 5,230 | 5,230 | 3,810 | - | - | - |
Other Operating Activities | 13,236 | -1,734 | 506.49 | 6,135 | 5,553 | 2,699 |
Change in Accounts Receivable | -19,576 | -19,576 | -22,043 | -12,880 | -6,027 | -3,645 |
Change in Inventory | 64.05 | 64.05 | 146.26 | 90 | 370 | -595 |
Change in Accounts Payable | -4,893 | -4,893 | 21,108 | 10,176 | 9,683 | 4,225 |
Change in Unearned Revenue | - | - | - | -2,432 | -3,165 | 7,140 |
Change in Other Net Operating Assets | - | - | - | 922 | -954 | 2,846 |
Operating Cash Flow | 134,924 | 124,519 | 145,268 | 137,508 | 136,432 | 137,533 |
Operating Cash Flow Growth | -0.18% | -14.28% | 5.64% | 0.79% | -0.80% | 3.99% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -72,274 | -73,148 | -90,271 | -89,866 | -89,705 | -84,848 |
Sale of Property, Plant & Equipment | 1,579 | 1,991 | 1,411 | 1,223 | 1,422 | 1,637 |
Cash Acquisitions | 1,466 | 1,466 | - | - | - | - |
Divestitures | - | - | - | - | - | 3,764 |
Investment in Securities | -51,090 | -30,060 | -20,590 | -6,622 | -777 | 1,404 |
Other Investing Activities | 28,545 | 2,448 | 2,138 | -227 | -7,736 | -2,245 |
Investing Cash Flow | -92,310 | -97,840 | -101,294 | -95,492 | -96,796 | -80,288 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | 6,922 | 6,613 | 5,988 | 3,692 | 38,922 |
Long-Term Debt Repaid | - | -31,160 | -25,867 | -25,886 | -25,512 | -88,521 |
Lease Payments | -18,271 | -18,271 | -17,220 | -14,647 | -15,897 | -14,035 |
Net Debt Issued (Repaid) | -29,526 | -24,237 | -19,254 | -19,898 | -21,820 | -49,599 |
Issuance of Common Stock | - | - | - | - | - | 47,519 |
Common Dividends Paid | -21,361 | -25,482 | -24,092 | -20,059 | -26,537 | -8,439 |
Other Financing Activities | -227.98 | 2,333 | 444.54 | 6,480 | 7,451 | 3,001 |
Financing Cash Flow | -51,115 | -47,387 | -42,902 | -33,477 | -40,906 | -7,518 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | -270.63 | -104.75 | 89.2 | 42 | 451 | -127 |
Net Cash Flow | -8,772 | -20,813 | 1,161 | 8,581 | -819 | 49,600 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 62,650 | 51,371 | 54,997 | 47,642 | 46,727 | 52,685 |
Free Cash Flow Growth | 7.37% | -6.59% | 15.44% | 1.96% | -11.31% | 21.08% |
Free Cash Flow Margin | 12.29% | 9.80% | 10.50% | 9.28% | 9.71% | 11.99% |
Free Cash Flow Per Share | 0.69 | 0.56 | 0.60 | 0.52 | 0.51 | 0.62 |
Levered Free Cash Flow | 40,706 | 43,276 | 39,753 | 47,144 | 34,419 | 38,567 |
Unlevered Free Cash Flow | 41,807 | 44,560 | 41,247 | 48,735 | 35,595 | 40,070 |
Free Cash Flow After Leases | 44,378 | 33,099 | 37,777 | 32,995 | 30,830 | 38,650 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 Interest Paid | - | - | - | 2,646 | 1,993 | 2,522 |
Cash Income Tax Paid | 16,970 | 15,210 | 13,097 | 3,776 | 3,240 | 3,718 |
Change in Working Capital | -19,624 | -19,624 | 3,082 | -4,124 | -93 | 9,971 |