China Telecom: 2024 Interim Results Press Release

China Telecom Corporation Limited

Announces Interim Results for Year 2024

Steady growth of operating results

High-quality development maintained sound momentum

Sci-tech innovation further strengthened

Development of new quality productive forces accelerated

FINANCIAL HIGHLIGHTS
  2023 2024 Rate of
(RMB Million) First Half First Half change
Operating Revenues 260,664 268,011 2.8%
Service Revenues2 235,977 246,235 4.3%
of which:  Mobile communications      
service revenues 101,607 105,217 3.6%
Wireline and Smart Family      
service revenues 62,024 63,993 3.2%
Industrial Digitalisation      
service revenues 68,802 73,750 7.2%
EBITDA3 73,346 76,792 4.7%
Net Profit4 20,153 21,812 8.2%
EPS (RMB) 0.22 0.24 8.2%
ROE 4.6% 4.8% 0.2p.p.
Interim dividend per share (RMB) 0.1432 0.1671 16.7%
BUSINESS HIGHLIGHTS      
(Million) 2023.12 2024.06 Net addition
Mobile Subscribers 407.77 416.85 9.08
of which: 5G Package Subscribers 318.66 336.63 17.97
Wireline Broadband Subscribers 190.16 193.35 3.19
IPTV Subscribers 127.81 128.49 0.68
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China Telecom
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