Investor Presentaiton
Solid Results
④ 中国电信
CHINA TELECOM
2018
2019
Change
Surpassed
Service Revenue (RMB Mil)
350,434
357,610
2.0%
industry
average by
EBITDA (RMB Mil)
104,207
117,215
12.5%
1.1p.p.
EBITDA Margin
29.7%
32.8%
3.1p.p.
Net Profit (RMB Mil)
21,210
20,517
-3.3%
EPS (RMB)
0.262
0.254
-3.3%
Adjusted Net Profit (RMB Mil)
20,110
20,517
2.0%
Adjusted EPS (RMB)
0.248
0.254
2.0%
Note:
Unless otherwise stated in this presentation
1. Service Revenue = Operating Revenue (2018: RMB377,124 Mil; 2019: RMB375,734 Mil) - Sales of Mobile Terminals (2018: RMB18,836 Mil; 2019: RMB9,364 Mil) - Sales of
Wireline Equipment (2018: RMB5,659 Mil; 2019: RMB5,226 Mil) - Other Non-service Revenue (2018: RMB2,195 Mil; 2019: RMB3,534 Mil)
2. EBITDA Operating Revenue - Operating Expenses + Depreciation & Amortization; EBITDA Margin = EBITDA / Service Revenue
3. Net Profit represents profit attributable to equity holders of the Company; adjusted net profit excluded the one-off after-tax gain of ~RMB1.1 Bil from the listing of China Tower
Corporation Limited in 2018
4. All % and percentage point (p.p.) changes in this presentation are either 2019 vs 2018, or 2019.12 vs 2018.12
5. Industry's service revenue in 2019 increased by 0.9%, calculated based on figures reported by the three listed Chinese telcos
2019 Annual Results |View entire presentation