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Investor Presentaiton

Appendix 2.1: Extracted from Unaudited Consolidated Income Statement 中国电信 for the Six Months Period Ended 30 June 2022 RMB Mil CHINA TELECOM 1H2021 1H2022 Change Operating Revenues Operating Costs Taxes and Surcharges Selling Expenses General and Administrative Expenses 217,547 240,219 10.4% 149,969 165,716 10.5% 780 785 0.6% 25,578 27,902 9.1% 16,345 17,096 4.6% Research and Development Expenses 1,761 3,254 84.8% Finance Expenses 1,079 30 -97.3% Asset and Credit Impairment Losses (1,730) (2,235) 29.2% Investment Income 3,243 839 -74.1% Gains on Disposal of Assets, Other Income and Gains/(Losses) from Changes in Fair Value 1,643 1,984 20.8% Operating Profit 25,191 26,024 3.3% Net Non-operating Income and Expenses (1,776) (2,099) 18.2% Profit before Taxation 23,415 23,925 2.2% Income Tax Expenses 5,549 5,572 0.4% Net Profit 17,866 18,353 2.7% Equity Holders of the Company 17,743 18,291 3.1% Minority Interests 123 62 -49.6% Net Profit Attributable to Equity Holders of the Company excluding Extraordinary Gains and Losses 16,400 18,376 12.1% 2022 Interim Results | 36
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