Investor Presentaiton
Cost Appropriately Contained and Reduced to Support
High-quality Development
中国电信
CHINA TELECOM
RMB Mil
Operating Expenses
Incl.:
Depreciation & Amortisation
1H2022
Change
219,206
10.7%
46,735
3.6%
Network Operations & Support
70,051
9.6%
Personnel
SG&A
44,618
12.4%
32,026
11.4%
Interconnection Charges
6,348
4.8%
Cost of Goods Sold
• Seized the strategic opportunity of rapid digital economy
development and increased initiatives in sci-tech innovation,
Industrial Digitalisation and other key areas to enhance resource
efficiency
•
•
•
Expanded 5G co-build and co-share and 4G network co-share, D&A
continued to grow slower than revenue
Digitalised operation reduced cost and increased efficiency, network
operation related expense grew slower than revenue
Seized development opportunity and appropriately increased
initiatives in high growth areas, such as Industrial Digitalisation,
Smart Family and others
Strengthened high-tech talent recruitment
• Increased incentives to frontline staff and high-performance teams
•
Precision sales and marketing resulting stable selling expense as a
% of revenue
Enhanced core capability, continued to increase R&D initiatives for
future growth momentum
18,519
35.4%
Significantly increased 5G handset sales volume
2022 Interim Results | 28View entire presentation