China Telecom Corporation Income Statement

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	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
Revenue	509,755	523,925	523,569	513,551	481,448	439,553
Revenue Growth	-3.06%	0.07%	1.95%	6.67%	9.53%	11.69%
Cost of Revenue	365,217	371,615	373,502	253,216	232,361	209,397
Gross Profit	144,537	152,310	150,067	260,335	249,087	230,156
Selling, General & Admin	88,730	90,309	92,608	66,804	64,277	61,154
Research & Development	15,068	15,594	14,527	-	-	-
Other Operating Expenses	1,428	851.09	4.19	56,701	54,451	45,088
Operating Expenses	111,220	111,985	110,950	223,207	215,660	199,208
Operating Income	33,318	40,325	39,117	37,128	33,427	30,948
Interest Expense	-1,762	-2,054	-2,391	-2,545	-1,881	-2,404
Interest & Investment Income	5,378	4,808	4,868	2,660	2,051	3,348
Earnings From Equity Investments	-	-	-	2,116	2,051	1,966
Currency Exchange Gain (Loss)	-28.39	-28.39	51.41	-155	66	7
Other Non Operating Income (Expenses)	-1,863	-2,661	1,017	-	-	-
EBT Excluding Unusual Items	35,042	40,389	42,662	39,204	35,714	33,865
Gain (Loss) on Sale of Investments	1,854	1,054	-1,077	-	-	-
Gain (Loss) on Sale of Assets	2,322	2,833	2,224	-	-	-
Asset Writedown	-4,860	-4,836	-4,172	-	-	-
Other Unusual Items	3,240	3,240	2,536	-	-	-
Pretax Income	37,598	42,680	42,172	39,204	35,714	33,865
Income Tax Expense	8,960	9,457	9,197	8,776	8,038	7,716
Earnings From Continuing Operations	28,639	33,223	32,975	30,428	27,676	26,149
Minority Interest in Earnings	-19.81	-38.06	37.05	18	-83	-200
Net Income	28,619	33,185	33,012	30,446	27,593	25,949
Net Income to Common	28,619	33,185	33,012	30,446	27,593	25,949
Net Income Growth	-17.02%	0.52%	8.43%	10.34%	6.34%	24.46%
Shares Outstanding (Basic)	91,403	91,507	91,507	91,507	91,507	84,442
Shares Outstanding (Diluted)	91,403	91,507	91,507	91,507	91,507	84,442
Shares Change	0.75%	-	-	-	8.37%	4.34%
EPS (Basic)	0.31	0.36	0.36	0.33	0.30	0.31
EPS (Diluted)	0.31	0.36	0.36	0.33	0.30	0.31
EPS Growth	-18.17%	0%	9.09%	10.00%	-2.38%	19.28%

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
Free Cash Flow	62,650	51,371	54,997	47,642	46,727	52,685
Free Cash Flow Per Share	0.69	0.56	0.60	0.52	0.51	0.62
Dividend Per Share	0.251	0.272	0.260	0.233	0.196	0.170
Dividend Growth	-42.99%	4.70%	11.41%	18.98%	15.29%	63.04%
Gross Margin	28.35%	29.07%	28.66%	50.69%	51.74%	52.36%
Operating Margin	6.54%	7.70%	7.47%	7.23%	6.94%	7.04%
Profit Margin	5.61%	6.33%	6.30%	5.93%	5.73%	5.90%
Free Cash Flow Margin	12.29%	9.80%	10.50%	9.28%	9.71%	11.99%
EBITDA	99,341	119,803	123,998	112,362	106,157	102,454
EBITDA Margin	19.49%	22.87%	23.68%	21.88%	22.05%	23.31%
D&A For EBITDA	66,023	79,478	84,881	75,234	72,730	71,506
EBIT	33,318	40,325	39,117	37,128	33,427	30,948
EBIT Margin	6.54%	7.70%	7.47%	7.23%	6.94%	7.04%
Effective Tax Rate	23.83%	22.16%	21.81%	22.38%	22.51%	22.79%
Advertising Expenses	-	2,250	2,370	2,882	2,804	2,904