China Telecom Corporation Limited (SHA:601728)

China Telecom Corporation Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	529,417	507,843	474,967	439,553	393,561
Revenue Growth (YoY)	4.25%	6.92%	8.06%	11.69%	4.75%
Cost of Revenue	263,877	361,429	339,879	209,397	185,506
Gross Profit	265,540	146,414	135,088	230,156	208,055
Selling, General & Admin	66,663	91,832	87,381	61,154	55,059
Research & Development	-	13,052	10,560	-	-
Other Operating Expenses	58,030	1,862	-2,901	45,088	29,074
Operating Expenses	225,737	110,091	97,145	199,208	174,373
Operating Income	39,803	36,323	37,943	30,948	33,682
Interest Expense	-2,391	-2,545	-1,881	-2,404	-3,433
Interest & Investment Income	2,314	4,742	4,073	3,348	642
Earnings From Equity Investments	2,525	-	-	1,966	1,701
Currency Exchange Gain (Loss)	-79	-26.86	85.17	7	-163
Other Non Operating Income (Expenses)	-	-201.93	1,773	-	-
EBT Excluding Unusual Items	42,172	38,291	41,993	33,865	32,429
Gain (Loss) on Sale of Investments	-	-883.31	-90.74	-	-
Gain (Loss) on Sale of Assets	-	-4,060	-6,083	-	-
Asset Writedown	-	-81.51	-105.77	-	-5,042
Other Unusual Items	-	5,938	-	-	-
Pretax Income	42,172	39,204	35,714	33,865	27,387
Income Tax Expense	9,197	8,776	8,038	7,716	6,307
Earnings From Continuing Operations	32,975	30,428	27,676	26,149	21,080
Minority Interest in Earnings	37	17.27	-83.01	-200	-230
Net Income	33,012	30,446	27,593	25,949	20,850
Net Income to Common	33,012	30,446	27,593	25,949	20,850
Net Income Growth	8.43%	10.34%	6.34%	24.46%	1.62%
Shares Outstanding (Basic)	91,507	91,507	91,507	84,442	80,932
Shares Outstanding (Diluted)	91,507	91,507	91,507	84,442	80,932
Shares Change (YoY)	-	-	8.37%	4.34%	-
EPS (Basic)	0.36	0.33	0.30	0.31	0.26
EPS (Diluted)	0.36	0.33	0.30	0.31	0.26
EPS Growth	9.09%	10.00%	-2.38%	19.28%	1.62%
Free Cash Flow	145,049	48,449	45,707	52,685	43,512
Free Cash Flow Per Share	1.58	0.53	0.50	0.62	0.54
Dividend Per Share	0.260	0.233	0.196	0.170	0.104
Dividend Growth	11.41%	18.98%	15.29%	63.04%	-8.89%
Gross Margin	50.16%	28.83%	28.44%	52.36%	52.86%
Operating Margin	7.52%	7.15%	7.99%	7.04%	8.56%
Profit Margin	6.24%	6.00%	5.81%	5.90%	5.30%
Free Cash Flow Margin	27.40%	9.54%	9.62%	11.99%	11.06%
EBITDA	140,847	112,428	118,107	102,454	104,124
EBITDA Margin	26.60%	22.14%	24.87%	23.31%	26.46%
D&A For EBITDA	101,044	76,105	80,164	71,506	70,442
EBIT	39,803	36,323	37,943	30,948	33,682
EBIT Margin	7.52%	7.15%	7.99%	7.04%	8.56%
Effective Tax Rate	21.81%	22.38%	22.51%	22.79%	23.03%
Advertising Expenses	-	2,882	2,804	2,904	-

Updated Oct 22, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.