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Investor Presentaiton

Appendix 2: Key Financial Information ④ 中国电信 CHINA TELECOM RMB Mil 2018 2019 Change Operating Revenue 377,124 375,734 -0.4% Service Revenue 350,434 357,610 2.0% Sales of Terminals & Equipment and Others 26,690 18,124 -32.1% Operating Expenses 348,410 346,664 -0.5% Depreciation & Amortization 75,493 88,145 16.8% Network Operations & Support 116,062 109,799 -5.4% Incl.: Tower Usage Fee 16,063 9,652 -39.9% Personnel SG&A Incl.: Selling Expense R&D Expense Interconnection & Others Incl.: Interconnection 59,736 63,567 6.4% 59,422 57,361 -3.5% 50,794 48,472 -4.6% 1,341 2,105 57.0% 37,697 27,792 -26.3% 12,878 12,683 -1.5% Cost of Terminals & Equipment Sold 23,185 13,413 -42.1% Operating Profit 28,714 29,070 1.2% Net Profit 21,210 20,517 -3.3% Note: Excluding the impact resulting from the application of IFRS 16, the tower usage fee in 2019 was RMB17,250 Mil 2019 Annual Results | 26
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