Service Expansion and Innovation - CITIC Telecom International reported a significant expansion in its service coverage, now operating in 160 countries and regions, connecting over 600 operators and serving more than 3,000 multinational enterprises[8]. - The company has established a strong presence in the Asia-Pacific region, with a 99% stake in Macau Telecom, which is a leading integrated telecom service provider in Macau[7]. - CITIC Telecom International signed a memorandum of understanding for 5.5G collaboration, enhancing its capabilities in digital economy development and contributing to the "Smart Macau" initiative[23]. - The company has launched the first mobile data traffic trading platform, "DataMall," showcasing its commitment to innovation in telecom services[5]. - The company aims to become a leading digital integrated telecom enterprise in the Asia-Pacific region, focusing on customer-centric value creation[11]. - The company is committed to enhancing its core competitiveness through international development and technological leadership[14]. - The group launched the 5.5G "Smart Network Integration Dedicated Line" service, enhancing network connectivity for government and enterprise clients[85]. - The group is actively promoting the integration of 5.5G and Wi-Fi 7 technologies, leading to a significant upgrade in internet access speeds for users[91]. - The group has successfully upgraded its internet infrastructure, deploying a 100Gbps line at a major internet exchange center, improving connectivity stability and reliability[94]. Financial Performance - The company's total revenue for 2024 was HKD 9.573 billion, a decrease of 4.1% compared to HKD 9.987 billion in 2023[53]. - Profit attributable to shareholders for 2024 was HKD 910 million, down 26.1% from HKD 1.231 billion in 2023[47]. - The EBITDA for 2024 was HKD 2.001 billion, representing a decrease of 22.2% from HKD 2.571 billion in 2023[48]. - The basic earnings per share for 2024 was 24.6 HKD cents, a decline of 26.1% compared to 33.3 HKD cents in 2023[48]. - The total debt as of December 31, 2024, was HKD 39.07 billion, a slight decrease of 0.7% from HKD 39.34 billion in 2023[47]. - The company maintained a dividend payout ratio of 76.4% for 2024, with a total annual dividend of 18.8 HKD cents, down 25.7% from 25.3 HKD cents in 2023[53]. - The group's profit attributable to shareholders was HKD 9.10 billion, a decrease of 26.1% or HKD 3.21 billion from the previous year[112]. - EBITDA for the year was HKD 2.00 billion, down 22.2% from HKD 2.57 billion in the previous year[112]. - Total revenue for the year ended December 31, 2024, was HKD 95.73 billion, a decrease of 4.1% year-on-year[122]. Market Position and User Growth - The market share in the Macau mobile market increased to 53.3%, with nearly 760,000 5G users and a penetration rate of 98.4% as of December 31, 2024[55]. - The company achieved a broadband market share of 96.8% in Macau, maintaining its leading position[58]. - As of the end of 2024, the number of 5G users in Macau reached nearly 760,000, representing a 51% increase from the end of 2023, with a penetration rate of 98.4%[84]. - The market share of the group in Macau's broadband sector reached 96.8% by the end of 2024, maintaining its leadership position[92]. - Total mobile users reached over 771,000, a growth of approximately 16.3%, with postpaid customers increasing by 11.8% to over 570,000[127]. Awards and Recognition - Acclivis Technologies and Solutions Pte. Ltd. has been recognized as a top emerging partner by Tech Data (Singapore) Pte Ltd, highlighting its strong position in the IT services market[22]. - The company has received multiple awards for its digital service innovations, including the "Digital Service Innovation Leading Award" from the Anhui Chief Information Officer Association[22]. - CPC's AI Databank won the 2024 CW Asia Pacific Innovation Award, showcasing its innovation capabilities in the IT field[26]. - CITIC Telecom International has continuously won the Best Innovative Solution Partner Award for seventeen years, reflecting its sustained leadership in the industry[28]. - The group has received multiple industry awards for its AI innovation capabilities, including recognition for its "AI Visual Security" solution[105]. Strategic Initiatives and Future Plans - The company aims to enhance its core competitiveness and achieve high-quality development by focusing on "internationalization" and "technologization" as new strategic directions[71]. - The company plans to deepen cooperation with renowned universities and research institutions in Hong Kong to advance research in artificial intelligence, fintech, and data elements[74]. - The company will continue to optimize its existing business layout while nurturing emerging business development momentum, particularly in AI and data element circulation[73]. - The company is committed to expanding open cooperation and building a collaborative ecosystem that includes telecom operators and internet technology companies[75]. - The group plans to solidify its operational foundation in Southeast Asia by obtaining an internet service license in the Philippines in 2024[107]. Risk Management and Challenges - The company faces potential operational disruptions due to software, hardware, infrastructure failures, and security vulnerabilities, which could adversely affect revenue and performance[186]. - The competitive market is intensifying, with local and foreign companies entering the telecommunications sector, potentially leading to price reductions and loss of market share[191]. - The company is adapting to regulatory changes and has experienced a significant decrease in messaging service revenue since the second half of 2023 due to client adjustments[194]. - The company acknowledges the potential impact of natural disasters and infrastructure damage on service delivery, which could lead to significant repair costs and revenue loss[195]. - The company is enhancing its risk monitoring and management mechanisms to identify and assess risks at all levels, improving overall risk management practices[196].

Financial Performance - The total revenue for 2024 was HKD 9.573 billion, a decrease of 4.1% compared to HKD 9.987 billion in the previous year[3]. - The profit attributable to shareholders for 2024 was HKD 910 million, down 26.1% from HKD 1.231 billion in 2023, with a loss of HKD 7 million from property revaluation included[3]. - Basic earnings per share for 2024 were HKD 0.246, a decline of 26.1% from the previous year[3]. - The proposed final dividend for 2024 is HKD 0.128 per share, resulting in a total annual dividend of HKD 0.188 per share, down 25.7% year-on-year[3]. - Total revenue for the year ended December 31, 2024, was HKD 9,573 million, a decrease of 4.1% from HKD 9,987 million in 2023[23]. - Annual profit for 2024 was HKD 928 million, down 26.0% from HKD 1,252 million in 2023[24]. - Basic earnings per share for 2024 were HKD 24.6, compared to HKD 33.3 in 2023, reflecting a decline of 26.0%[23]. - The company reported a total comprehensive income of HKD 911 million for 2024, down from HKD 1,279 million in 2023[24]. - The company's profit attributable to shareholders for the year ended December 31, 2024, was HKD 910 million, a decrease of 26.1% or HKD 321 million compared to the previous year[71]. - Total revenue for the year decreased by 4.1% to HKD 9,573 million, with telecommunications service revenue declining by 6.1% to HKD 8,045 million[68]. - EBITDA for the year was HKD 2,001 million, a decrease of 22.2% from HKD 2,571 million in the previous year[68]. Market Position and Services - The market share in the Macau mobile market increased to 53.3%, with nearly 760,000 5G users and a penetration rate of 98.4% as of December 31, 2024[5]. - The broadband market share in Macau reached 96.8%, maintaining the leading position[5]. - Total revenue from telecommunications services was 8,045 million in 2024, down from 8,569 million in 2023, representing a decrease of 6.1%[38]. - Internet business revenue increased to 1,499 million in 2024 from 1,427 million in 2023, reflecting a growth of 5.0%[38]. - Revenue from Hong Kong decreased to 3,715 million in 2024 from 4,136 million in 2023, a decline of 10.2%[44]. - Mobile service revenue increased by 12.7% to HKD 1.09 billion, driven by an increase in postpaid customers and roaming income[74]. - The total number of mobile users reached over 771,000, an increase of approximately 16.3% year-on-year[74]. - International telecommunications business revenue decreased by 19.9% to HKD 2.365 billion, with messaging service revenue down 61.9%[78]. - Corporate business revenue fell by 3.9% to HKD 2.958 billion, primarily due to declines in mainland China and Southeast Asia markets[79]. Operational Developments - The company launched the "Dr. Easy" smart healthcare platform and a smart tourism customer service application in collaboration with the Macau Government Tourism Office[6]. - Over 60 SD-WAN gateways have been established, covering major commercial areas in Greater China and Southeast Asia as of December 31, 2024[8]. - The company upgraded its "Guangdong-Hong Kong-Macao Greater Bay Area" service platform to support VoLTE and launched the "G2G sponsored roaming service platform"[9]. - The group added four new network service nodes in 2024, including locations in Jiangxi, Dubai, Hanoi, and Amsterdam, bringing the total to nearly 170 network service nodes globally, covering 160 countries and regions[11]. - The group obtained internet service licenses in five Southeast Asian countries, including the Philippines, Singapore, Malaysia, Indonesia, and Thailand, enhancing its service capabilities in the region[12]. Financial Health and Liabilities - Current liabilities increased significantly to HKD 5,864 million from HKD 2,547 million in 2023, indicating a liquidity challenge[26]. - The net current liabilities amounted to HKD 2,147 million, compared to a net current asset position of HKD 831 million in 2023[26]. - The company’s total assets less current liabilities were HKD 11,591 million, down from HKD 14,816 million in 2023[27]. - Total liabilities rose to 6,628 million in 2024 from 6,499 million in 2023, an increase of 2.0%[42]. - The net debt-to-equity ratio increased from 17% on December 31, 2023, to 18% on December 31, 2024, with net borrowings rising to HKD 2.296 billion[99]. - The group had cash reserves of HKD 1.611 billion and undrawn committed bank facilities of HKD 9.967 billion as of December 31, 2024, sufficient to cover upcoming debt repayments of HKD 3.492 billion[103]. - The group’s total borrowings included HKD 3.492 billion in guaranteed bonds maturing on March 5, 2025, with an annual interest rate of 6.1%[108]. Corporate Governance and Strategy - The board emphasizes the importance of good corporate governance to enhance investor confidence and protect shareholder interests[125]. - The company is committed to maintaining high standards of corporate governance[134]. - The board is responsible for overseeing the company's strategic direction and performance[134]. - The company aims to enhance shareholder value through effective management and oversight[134]. - The board will continue to focus on long-term growth and sustainability initiatives[134]. Innovation and Sustainability - The group aims to enhance its core competitiveness and achieve high-quality development by focusing on internationalization and technological advancement[16]. - The group plans to strengthen its innovation system and enhance research and development capabilities by collaborating with renowned universities and research institutions in Hong Kong[18]. - The group is committed to environmental sustainability and has set quantifiable environmental goals based on historical data analysis and future forecasts[122]. - The group is accelerating technological innovation and product development to respond to customer needs and maintain industry leadership[119]. - The company emphasizes sustainable development and integrates it into daily operations, aiming to create shared value for stakeholders[119]. Employee and Community Engagement - The total number of employees in the group is 2,512 as of December 31, 2024[121]. - The group actively supports community development through volunteer services and donations, leveraging its expertise in telecommunications and information technology[123]. - The group is focused on employee training and development to ensure they are updated on the latest regulations and market trends[122]. - The group has engaged a third-party consultant to conduct climate-related risk analysis to enhance climate risk management and resilience[122].

(1)中信國際電訊 CHIC TELECOMINTERNATIONAL 股份代號 :1883 連接未來 ှူ​ 8 中 期 報 告 2024 關於我們 中信國際電訊集團有限公司（「本公司」，包括附屬公司合 稱為「本集團」）於1997年在香港成立，並於2007年4月3 日在香港聯合交易所有限公司上市，是一家互聯網化綜合 電訊企業。 本公司服務涵蓋國際電信業務，為全球運營商客戶（包括 移動運營商、固話運營商、虛擬運營商、互聯網運營商及 OTT運營商）提供移動國際漫遊、國際話音、國際訊息、 國際數據流量以及國際增值電信等服務。本公司是亞太最 大的國際電訊樞紐之一。全球首個手機數據流量交易平台 「DataMall自由行」、一卡多號等是本公司自主研發產品。 本公司全資擁有香港中信電訊大廈（面積約34萬平方呎） 全部業權，並在香港設有兩個大型數據中心。 本公司的全資附屬公司Acclivis Technologies and Solutions Pte. Ltd.（「Acclivis」）以新加坡為基地，業務覆蓋馬來西 亞、印尼、泰國和菲律賓等地。作為區內領先的IT服務供 應商，Acclivis憑藉其端到端ICT能力，成為政 ...

Financial Performance - Total revenue for the first half of 2024 was HKD 4.889 billion, a decrease of 8.2% year-on-year; main telecom service revenue was HKD 4.160 billion, down 11.3%[3] - Profit attributable to shareholders was HKD 455 million, a decline of 36.9% compared to the same period last year; basic earnings per share were HKD 0.123, also down 36.9%[3] - The net profit for the first half of 2024 was HKD 471 million, down 35.8% from HKD 734 million in the first half of 2023[19] - The group reported a total comprehensive income of HKD 461 million for the first half of 2024, down from HKD 723 million in the same period of 2023[20] - The group reported a segment profit of HKD 1,059 million for the six months ended June 30, 2024, a decrease of 30.3% from HKD 1,521 million in the same period of 2023[31] - EBITDA for the period was HKD 1.038 billion, down 28.3% from HKD 1.448 billion in the previous year[48] Revenue Breakdown - Mobile communication service revenue increased by 11.6% year-on-year to HKD 510 million; internet business revenue grew by 4.5% to HKD 737 million; enterprise business revenue rose by 6.8% to HKD 1.608 billion[4] - Revenue from mobile communication services increased to HKD 510 million for the six months ended June 30, 2024, up 11.6% from HKD 457 million in the same period of 2023[28] - Internet business revenue rose to HKD 737 million, a 4.5% increase compared to HKD 705 million in the previous year[28] - International telecommunications revenue decreased significantly to HKD 1,237 million, down 36.6% from HKD 1,951 million year-on-year[28] - Corporate business revenue increased to HKD 1,608 million, reflecting a growth of 6.8% from HKD 1,506 million in the prior year[28] - Telecom service revenue fell by 11.3% to HKD 4.160 billion, a decrease of HKD 530 million, primarily due to a decline in international telecom business messaging service revenue[49] Market Position and Developments - As of June 30, 2024, Macau Telecom held a 50.0% market share in the Macau mobile market, with over 620,000 5G users, achieving a penetration rate of 87.9%[5] - Macau Telecom's broadband market share was approximately 97.0%, maintaining its leading position in Macau[5] - The company launched 5.5G commercial services in July 2024, marking Macau's entry into the "5.5G era" and becoming one of the first cities globally to do so[5] - The group expanded its MPLS virtual private network service, TrueCONNECTTM, covering nearly 170 network service nodes across 160 countries and regions[9] - The group joined the GSMA Open Gateway initiative and won first place in the Open Gateway programming marathon at the 2024 Shanghai MWC, showcasing its technological innovation capabilities[10] Innovation and Technology - The company introduced a one-stop smart medical solution "Dr. Easy" for healthcare institutions, promoting the development of smart healthcare in Macau[6] - The group plans to leverage 5.5G technology to support the "Digital Macau 3.0" initiative, enhancing smart applications and services in the region[14] - The group aims to deepen digital transformation and upgrade core products by integrating emerging technologies such as AI and big data into its services[15] - The group has obtained 4 new patents and 12 software copyrights in the first half of 2024, bringing the total to 17 patents and 56 software copyrights as of June 30, 2024[11] Cost and Expenses - The cost of providing telecommunications services was HKD 2.358 billion, a slight decrease from HKD 2.418 billion in the previous year, while the cost of mobile phone and equipment sales increased to HKD 720 million from HKD 619 million[34] - Employee costs, including directors' remuneration, totaled HKD 537 million, down from HKD 577 million in the previous year[36] - The depreciation and amortization expenses totaled HKD 378 million, down from HKD 452 million in the previous year[34] - Other operating expenses decreased by 12.0% to HKD 249 million, primarily due to foreign exchange gains recorded during the period[59] Cash Flow and Liquidity - Cash inflow from operations was HKD 891 million, a decrease of 27.4% from HKD 1,228 million in the same period of 2023[63] - The group's liquidity management policy ensures sufficient cash reserves and adequate committed bank and other loan facilities to meet both short-term and long-term funding needs[74] - As of June 30, 2024, the group had cash reserves of HKD 1.561 billion and undrawn committed bank and other loan facilities of HKD 7.29 billion, sufficient to cover upcoming debt repayments of HKD 3.855 billion[72] Debt and Financing - The group’s net borrowings increased to HKD 2.363 billion, with a net capital debt ratio rising from 17% on December 31, 2023, to 18% on June 30, 2024[68] - The company has issued a 12-year guaranteed bond amounting to USD 450 million (approximately HKD 3.514 billion) with an annual interest rate of 6.1%[77] - Approximately 91.1% of the company's borrowings as of June 30, 2024, were at fixed interest rates, compared to 90.9% as of December 31, 2023[79] - The actual interest rate for fixed borrowings remained at 6.1% for both June 30, 2024, and December 31, 2023[80] Corporate Governance and Social Responsibility - The group has maintained a strong focus on sustainable development and corporate social responsibility initiatives, including the "Youth Growth Program" in Macau[12] - The company has fully complied with the corporate governance code as per the Hong Kong Stock Exchange rules during the reporting period[85]

Company Performance - The company's profit attributable to shareholders for 2023 was HKD 1.231 billion, representing a year-on-year growth of 3.4%[40]. - Total revenue for 2023 was HKD 9.987 billion, a slight decrease of 1.2% from HKD 10.111 billion in 2022[46]. - Profit attributable to shareholders increased by 3.4% to HKD 1.231 billion, compared to HKD 1.191 billion in the previous year[46]. - Basic earnings per share rose by 3.1% to HKD 33.3 cents, up from HKD 32.3 cents in 2022[46]. - The annual profit for 2023 reached HKD 1,252 million, reflecting an increase of 2.3% from HKD 1,224 million in 2022[191]. - The total equity attributable to shareholders rose to HKD 10,756 million in 2023, an increase of 3.7% from HKD 10,373 million in 2022[191]. - The total dividend per share for 2023 was HKD 0.253, reflecting a year-on-year increase of 3.3%[40]. - The board proposed a final dividend of HKD 19.3 cents per share, along with an interim dividend of HKD 6.0 cents, totaling HKD 25.3 cents for the year, an increase of 3.3%[46]. Market Presence and Expansion - The company reported a significant increase in user data, connecting over 600 operators globally and serving more than 3,000 multinational enterprises and over 40,000 local businesses[5]. - The company has a presence in 22 countries and regions, with nearly 170 global network nodes, indicating extensive market reach[5]. - The company is focused on expanding its ICT services in mainland China through its subsidiary, Zhongqi Communication, which holds multiple national-level licenses[4]. - The company is actively pursuing new business opportunities in Southeast Asia, including applying for an ISP license in the Philippines[56]. - The company has established two large data centers in Hong Kong, supporting its operational capabilities and service delivery[2]. - The company expanded its international roaming market, establishing bilateral 5G roaming agreements with 124 overseas operators covering 99 countries and regions by the end of 2023[80]. Innovation and Technology - The company’s subsidiary, CPC, received multiple awards for its AI-AR Remote Hand solution, highlighting its innovation in digital transformation[16]. - The company aims to enhance its competitive edge through continuous innovation and customer-centric services, aligning with its mission to create new value for clients[9]. - The company plans to enhance its digital services and improve its cloud and data security offerings, including the launch of TrustCSI™ 3.0[55]. - The company is focused on developing new products and services, particularly in the "AI + 5G new applications + security" domain[70]. - The company has obtained multiple invention patents, including methods for blockchain monitoring and digital twin applications in augmented reality[57]. - The company is collaborating with the University of Macau on a big data service algorithm project for the tourism industry, enhancing its big data service applications[57]. Financial Health and Debt Management - As of December 31, 2023, the group's net debt was HKD 2.208 billion, a decrease of 12.9% compared to the previous year[40]. - Total borrowings decreased by 13.0% to HKD 3.934 billion from HKD 4.520 billion in 2022[46]. - The group's liquidity risk management includes regular monitoring of cash flow needs and compliance with borrowing covenants[161]. - The group maintained cash reserves of HKD 1.726 billion and unutilized committed bank facilities of HKD 400 million as of December 31, 2023, sufficient to cover upcoming debt obligations[157]. - The group's net borrowings decreased to HKD 2.208 billion, with the net capital debt ratio dropping from 20% on December 31, 2022, to 17% on December 31, 2023[147]. Awards and Recognition - The company received the "Outstanding Digital Communication Service Provider" award at the 23rd Capital Outstanding Enterprise Achievement Awards[23]. - The AI-AR remote operation solution won the "Best Remote Management Solution" at the IT Europa Channel Awards 2023[24]. - The company's next-generation SOC (TrustCSI™ MSS) was selected in the "Cybersecurity Operations and Managed Services" segment of the 10th edition of the Cybersecurity Industry Panorama[23]. - The company's SD-WAN solution for large central enterprises received the "Outstanding Service Award" from CAICT and CCSA TC621[29]. - The data center AR remote operation service was recognized as a "Competitive Product" in the 17th Communication Industry List[30]. - The company was awarded the "Most Investment-Worthy Overseas Enterprise" by Financial Alliance[33]. User Growth and Service Development - The number of 5G users exceeded 500,000 by the end of 2023, with a market share of approximately 75%[47]. - The company achieved a 100% fiber-optic rate for all broadband users, marking the transition to a fully fiber-optic network[50]. - The broadband service market share reached approximately 97.1% as of December 31, 2023, marking a transition to an all-fiber network era[86]. - Total user base exceeded 663,000 as of December 31, 2023, representing a 19.7% increase from the previous year, with postpaid users up 15.1% to approximately 510,000[122]. - Mobile communication service revenue increased by 16.9% year-on-year to HKD 967 million, driven by a rise in international travel and mobile user growth[122]. Risk Management and Challenges - The group faces potential negative impacts on its operations due to reduced demand for roaming services and decreased phone traffic to and from mainland China[175]. - The group is adapting to regulatory changes, including a nine-month extension of the telecommunications contract with the Macao government, effective from January 1, 2024, to September 30, 2024[186]. - The group is committed to improving its risk monitoring and management mechanisms to enhance risk identification and assessment across all levels[188]. - Increased competition in the telecommunications market may result in price declines, narrowed profit margins, and loss of market share[182]. - The group faces significant risks related to security and privacy vulnerabilities, which could lead to unauthorized access to sensitive data and substantial corrective costs[179].

智通财经APP讯，中信国际电讯(01883)公布2023年业绩，总收入为 99.87 亿港元，同比轻微下降约 1.2%。公司股东应占溢利为 12.31亿港元，同比上升 3.4%。每股基本盈利为 33.3 港仙，拟派末期股息 每股 19.3 港仙。 其中，电信服务收入为港币85.69亿元，较上年减少3.0%或港币2.62 亿元。有关减少乃主要由于国际电 信业务及固网话音业务收入减少，部分由移动通讯服务、企业业务及互联网业务收入增加抵销所致。销 售移动电话手机及设备收入达港币14.18亿元，较上年增加10.8%或港币1.38亿元。 ...

Financial Performance - The total revenue for 2023 was HKD 9.987 billion, a slight decrease of approximately 1.2% compared to HKD 10.111 billion in the previous year[3]. - The profit attributable to shareholders for 2023 was HKD 1.231 billion, an increase of 3.4% from HKD 1.191 billion in 2022[3]. - The basic earnings per share for 2023 were HKD 0.333, reflecting a 3.1% increase from the previous year[3]. - Total comprehensive income for the year ended December 31, 2023, was HKD 1,279 million, compared to HKD 1,139 million in 2022, representing an increase of 12.3%[20]. - Pre-tax profit for 2023 was HKD 1,231 million, an increase from HKD 1,191 million in 2022, reflecting a growth of about 3.4%[56]. - The company reported a profit of HKD 2,625 million for the operating segment in 2023, compared to HKD 2,732 million in 2022, indicating a decrease of about 4%[41]. - The group reported a net loss of HKD 2 million from the sale of property, plant, and equipment in 2023, compared to a loss of HKD 1 million in 2022[41]. Dividends - The proposed final dividend for 2023 is HKD 0.193 per share, leading to a total annual dividend of HKD 0.253 per share, up 3.3% from the previous year[3]. - The company declared an interim dividend of HKD 6.0 per share for 2023, consistent with the previous year, and proposed a final dividend of HKD 19.3 per share, up from HKD 18.5 per share in 2022[55]. - Proposed final dividend of HKD 0.193 per share, up from HKD 0.185 in 2022, totaling HKD 0.253 per share for the year, compared to HKD 0.245 in 2022[105]. Revenue Breakdown - Total revenue from telecommunications services decreased to HKD 8,569 million in 2023 from HKD 8,831 million in 2022, representing a decline of approximately 3%[36]. - Internet business revenue increased to HKD 1,427 million in 2023, up from HKD 1,331 million in 2022, reflecting a growth of about 7%[36]. - International telecommunications business revenue decreased to HKD 2,954 million in 2023, down from HKD 3,453 million in 2022, a decline of approximately 14%[36]. - Revenue from external customers in Hong Kong for 2023 was HKD 4,136 million, down from HKD 4,636 million in 2022, representing a decline of approximately 10.8%[45]. - The total revenue from external customers for 2023 was HKD 5,851 million, an increase of 6.8% compared to HKD 5,475 million in 2022[45]. Assets and Liabilities - Non-current assets totaled HKD 13,985 million in 2023, down from HKD 14,537 million in 2022, a decrease of 4%[23]. - Current assets decreased to HKD 3,378 million in 2023 from HKD 3,644 million in 2022, a decline of 7.3%[24]. - Total liabilities decreased to HKD 2,547 million in 2023 from HKD 2,800 million in 2022, a reduction of 9%[24]. - The company's equity attributable to shareholders increased to HKD 10,756 million in 2023 from HKD 10,373 million in 2022, an increase of 3.7%[26]. - Total liabilities for 2023 were HKD 6,499 million, a decrease from HKD 7,710 million in 2022[43]. Operational Highlights - Macau Telecom achieved over 500,000 5G users by the end of 2023, holding a market share of approximately 75%[4]. - The company successfully transitioned to a fully fiber-optic network, achieving 100% fiberization for all broadband users[4]. - The overall user base grew by approximately 19.7% to over 663,000 users, with postpaid customers increasing by 15.1% to about 510,000[66]. - The number of 5G mobile users exceeded 502,000, representing 75.7% of the total mobile user base[66]. - The corporate business revenue for the year ended December 31, 2023, was HKD 3.079 billion, remaining flat year-on-year, with a 6.0% increase in Macau due to new large projects awarded in the second half of 2023[69]. Technological Innovation - The company has filed multiple patents related to innovative algorithms and technologies, enhancing its technological innovation capabilities[8]. - The company plans to enhance its core competitiveness by expanding into new fields such as IoT, AI, information security, and 5G applications[12]. - The company launched the TrustCSI™ 3.0 cybersecurity solution on November 22, 2023, enhancing its security service capabilities[6]. - The group is focused on technological innovation and product development to meet customer demands and maintain industry leadership[101]. Corporate Governance and Social Responsibility - The board of directors has reviewed the 2023 financial statements with external auditors, ensuring adherence to corporate governance standards[104]. - The company emphasizes high ethical standards and employee integrity, implementing anti-corruption policies and training programs to enhance compliance awareness[101]. - The group actively engages in community support through volunteer services and donations, leveraging its telecommunications expertise to aid social development[103]. - The company is committed to social responsibility and ensuring stable communication services during major events[11]. Financial Management - The net cash outflow for the year was HKD 175 million, with cash inflows from operations amounting to HKD 2.064 billion[80]. - The net debt-to-equity ratio improved from 20% in 2022 to 17% in 2023, with net borrowings reduced to HKD 2.208 billion[84]. - The total available credit facilities as of December 31, 2023, were HKD 1.648 billion, with HKD 352 million drawn and HKD 1.296 billion undrawn[90]. - Approximately 90.9% of the group's borrowings (excluding interest payable) were at fixed interest rates as of December 31, 2023, compared to 78.7% in 2022[96]. Future Outlook - The company aims to strengthen its digital economy capabilities and expand its global network coverage[14]. - The expected future revenue to be recognized within one year is HKD 2,169 million for 2023, compared to HKD 2,130 million for 2022, showing an increase of approximately 2%[38].

AD中信國際電訊 INTERNATIONAL 股份代號:1883 -2) Re the program and 連接未來 關於我們 中信國際電訊集團有限公司（「本公司」，包括附屬公司合 稱為「本集團」）於1997年在香港成立，並於2007年4月3日 在香港聯合交易所有限公司上市，是一家互聯網化綜合電 訊企業。 本公司服務涵蓋國際電信業務，為全球運營商客戶（包括 移動運營商、固話運營商、虛擬運營商、互聯網運營商及 OTT運營商）提供移動國際漫遊、國際話音、國際訊息、 國際數據流量以及國際增值電信等服務。本公司是亞太最 大的國際電訊樞紐之一。全球首個手機數據流量交易平台 「DataMall自由行」、一卡多號等是本公司自主研發產品。 本公司全資擁有香港中信電訊大廈（面積約34萬平方呎）全 部業權，並在香港設有兩個大型數據中心。 本公司的全資附屬公司Acclivis Technologies and Solutions Pte. Ltd.（「Acclivis」）以新加坡為基地，業務覆蓋馬來西 亞、印尼、泰國和菲律賓等地。作為區內領先的IT服務供 應商，Acclivis憑藉其端到端ICT能力，成為政府和企業在 數字化轉 ...

Financial Performance - The company's profit attributable to shareholders for the first half of 2023 was HKD 721 million, an increase of 26.0% compared to the same period last year[3]. - The group's revenue for the first half of 2023 reached HKD 5,326 million, a 7% increase from HKD 4,977 million in the same period of 2022[10]. - The net profit for the period was HKD 734 million, representing a 24% increase compared to HKD 591 million in the first half of 2022[11]. - Basic earnings per share for the first half of 2023 were HKD 0.195, representing a 25.8% increase from the previous year[3]. - The total comprehensive income for the period was HKD 723 million, compared to HKD 544 million in the same period of 2022[12]. - The company reported a consolidated profit before tax of HKD 892 million for the six months ended June 30, 2023, compared to HKD 726 million in 2022, marking a 22.9% increase[23]. - The company reported an EBITDA of HKD 1.448 billion, reflecting a 9.4% increase compared to the previous year[41]. - The company’s profit for the six months ended June 30, 2023, increased by 24.2% to HKD 734 million, with profit attributable to shareholders rising by 26.0% to HKD 721 million, and basic earnings per share growing by 25.8% to HKD 19.5[41]. Revenue Growth - The main telecommunications service revenue reached HKD 4.69 billion, reflecting a growth of 6.8% year-on-year; total revenue was HKD 5.33 billion, up 7.0% year-on-year[3]. - Total revenue from telecommunications services reached HKD 4,690 million for the six months ended June 30, 2023, compared to HKD 4,393 million for the same period in 2022, representing an increase of 6.8%[21]. - Internet business revenue increased to HKD 705 million in the first half of 2023, up from HKD 649 million in 2022, reflecting an 8.6% growth[21]. - International telecommunications business revenue rose to HKD 1,951 million, a 13.8% increase from HKD 1,715 million in the previous year[21]. - Mobile communications service revenue increased by 10.7% to HKD 457 million, driven by recovery from the COVID-19 pandemic and an increase in mobile users[46]. Market Position and Expansion - As of June 30, 2023, the mobile market share of Macau Telecommunications reached 47.5%, an increase of 1.8 percentage points from the end of 2022, with approximately 316,000 5G users and a 5G market share of 78.9%[4]. - The company is actively expanding its overseas business, particularly in Southeast Asia, to enhance its digital solution offerings[8]. - The company expanded its international telecommunications business, enhancing platform capabilities and establishing strategic partnerships to penetrate the global IPX market[6]. - The company launched new data center services in Singapore and public cloud projects in Indonesia, integrating AI technology for drone solutions[5]. - The company aims to leverage the economic recovery in Macau by developing a high-quality 5G network and cloud platform to support smart city applications[8]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.06 per share, consistent with the previous year[3]. - The interim dividend declared for the year ending December 31, 2023, is HKD 0.06 per share, consistent with the previous year[82]. - The company maintained a dividend per share of HKD 6.0, unchanged from the previous year[41]. Operational Efficiency - The cost of providing telecommunications services was HKD 2,418 million, up from HKD 2,269 million, indicating a rise of 6.6%[25]. - Sales and service costs increased by 6.8% or HKD 194 million to HKD 3.037 billion, primarily due to higher telecom service revenue[53]. - Employee costs rose by 1.4% or HKD 8 million to HKD 577 million, attributed to higher average wages and increased headcount[55]. - Operating expenses were reduced by 10%, contributing to overall profitability[86]. Assets and Liabilities - Non-current assets as of June 30, 2023, totaled HKD 14,228 million, a slight decrease from HKD 14,537 million at the end of 2022[13]. - As of June 30, 2023, the total non-current liabilities amounted to HKD 4,504 million, a decrease from HKD 4,910 million as of December 31, 2022, representing a reduction of approximately 8.25%[15]. - The net asset value increased to HKD 10,528 million as of June 30, 2023, compared to HKD 10,471 million as of December 31, 2022, reflecting a growth of about 0.54%[15]. - The total equity attributable to shareholders rose to HKD 10,429 million from HKD 10,373 million, indicating an increase of approximately 0.54%[16]. - Net debt decreased to HKD 2.325 billion, with a net capital debt ratio improving from 20% to 18%[63]. Corporate Governance and Social Responsibility - The company has fully complied with the applicable corporate governance code provisions during the six months ended June 30, 2023, except for minor attendance issues at the annual general meeting[81]. - The company actively engaged in social responsibility initiatives, facilitating cross-border communication and developing fraud prevention services for overseas calls[7]. - The group emphasizes sustainable development principles in its operations, integrating social responsibility into its core strategy[80]. - The group has established policies for environmental protection and regularly reviews them to address climate change risks and opportunities[80]. Future Outlook and Strategy - The company provided a positive outlook for the next quarter, projecting a revenue increase of 12%[86]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[86]. - The company is investing in new technology development, allocating $50 million towards R&D initiatives[86]. - Market expansion plans include entering two new international markets by Q4 2023[86]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $300 million earmarked for potential deals[86]. - A new marketing strategy is being implemented, aiming to increase brand awareness by 25% in the next six months[86].

Global Network and Subsidiary Achievements - The company's global network nodes exceed 160, covering over 150 countries and regions, connecting more than 600 operators and serving over 3,000 multinational enterprises and 40,000 local businesses[3] - The company's subsidiary, Acclivis, obtained an Internet Service Provider (ISP) license in Indonesia in May 2022[7] - The company's global traffic trading platform, "DataMall Free Travel," launched a targeted data package using DPI (Deep Packet Inspection) technology in June 2022[7] - The company's subsidiary, CPC, won the "Outstanding Information and Communication Technology Service Provider 2021" award at the Hua Fu Financial Outstanding Enterprise Awards 2021[7] - The company's subsidiary, Macau Telecom, signed a 5G application cooperation agreement with the Macau Live Streaming Association in February 2022[6] - The company's subsidiary, Acclivis, won the "2021 IBM Innovation Award (Build)" for its collaboration with IBM Cloud Satellite[7] - The company's subsidiary, CPC, received the "Best Innovative Value-Added Service Provider" award at the CC-Global Awards 2022[7] - The company's subsidiary, CPC, was awarded the "Excellence in Network Security Management Services and Cloud Solutions" at the Capital Excellence E-Commerce Awards 2022[7] - The company's subsidiary, Acclivis, won the "2021 Business Partner Award" at the Red Hat ASEAN Partner Synergy Awards[7] - The company's subsidiary, CPC, won the "Artificial Intelligence and Data Center Project" award at the 2022 Singapore Business Review Excellence in Technology Awards for its DataHOUSE™ AI-AR solution[7] Financial Performance - 2022 net profit attributable to shareholders was HKD 1.191 billion, a year-on-year increase of 10.7%[12] - Total dividends per share for 2022 were 24.5 HK cents, a year-on-year increase of 8.9%[12] - Net debt as of December 31, 2022, was HKD 2.534 billion, a decrease of 30.6% compared to the previous year[12] - Telecom service revenue for 2022 was HKD 8.831 billion, an increase of 11.7% year-on-year[14] - Sales revenue from mobile phones and equipment decreased by 19.0% to HKD 1.280 billion in 2022[14] - EBITDA for 2022 was HKD 2.657 billion, a year-on-year increase of 5.9%[14] - Basic earnings per share increased by 10.2% to 32.3 HK cents in 2022[14] - Total assets decreased by 1.1% to HKD 18.181 billion in 2022[14] - Shareholders' equity attributable to the company increased by 2.8% to HKD 10.373 billion in 2022[14] - Net gearing ratio decreased by 7.0% to 20% in 2022[14] - Total revenue for 2022 reached HKD 10.111 billion, a 6.6% increase compared to HKD 9.486 billion in 2021[17] - Net profit attributable to shareholders in 2022 was HKD 1.191 billion, up 10.7% from HKD 1.076 billion in 2021[17] - Basic earnings per share for 2022 were 32.3 HK cents, a 10.2% increase from 2021[17] - Total annual dividend per share for 2022 was 24.5 HK cents, an 8.9% increase from the previous year[17] - Group profit increased by 10.6% year-on-year to HKD 1.224 billion, with profit attributable to shareholders rising by 10.7% to HKD 1.191 billion[41] - Total revenue grew by 6.6% to HKD 10.111 billion, with telecom service revenue increasing by 11.7% to HKD 8.831 billion[41][45] - Mobile phone and equipment sales revenue decreased by 19.0% to HKD 1.280 billion due to pandemic-related supply disruptions[45] - Internet business revenue increased by 7.1% to HKD 1.331 billion, driven by higher demand for digital transformation and internet services[48] - International telecom business revenue surged by 40.3% to HKD 992 million, with messaging service revenue growing by 52.4% to HKD 2.558 billion[49] - Enterprise business revenue declined by 3.0% to HKD 3.069 billion due to pandemic-related disruptions in Macau, partially offset by growth in mainland China and Southeast Asia[50] - Fixed-line voice business revenue decreased by 15.2% to HKD 151 million, in line with global trends of declining fixed-line usage[51] - Depreciation and amortization expenses for the year ended December 31, 2022, totaled HKD 914 million, a year-on-year increase of 1.9%, with HKD 7 million related to 5G equipment depreciation following the launch of 5G mobile services in Macau in November 2022[56] - Employee costs increased by 8.0% or HKD 87 million to HKD 1.169 billion, primarily due to higher average wages and an increase in the number of employees[57] - Other operating expenses rose by 10.9% or HKD 53 million to HKD 541 million, mainly due to increased trade receivables and appropriate bad debt provisions[57] - Financial costs remained stable at HKD 269 million, despite a significant rise in overall bank borrowing rates, as the company repaid bank loans during the year[58] - Income tax for the year was HKD 272 million, an increase of HKD 24 million compared to the previous year, with an effective tax rate of 15.5% for 2022[59] - Basic and diluted earnings per share grew by 10.2% and 10.6% respectively to 32.3 HK cents, with a total dividend per share of 24.5 HK cents, an 8.9% increase year-on-year[60] - Cash generated from operations was HKD 2.723 billion, a 13.7% increase from the previous year, while net cash outflow for the year was HKD 141 million[61][62] - Total capital expenditure for the year was HKD 325 million, including HKD 51 million invested in 5G and HKD 15 million in data center development[63] - Unfulfilled capital commitments as of December 31, 2022, amounted to HKD 116 million, primarily for 5G development, data center expansion, and network upgrades[64] - Net debt decreased to HKD 2.534 billion, with the net capital gearing ratio dropping from 27% in 2021 to 20% in 2022[67][69] - Total committed and non-committed financing amounts to HKD 5,470 million, with HKD 4,547 million drawn and HKD 923 million undrawn[72] - The company issued USD 450 million (approximately HKD 3,510 million) in 6.1% guaranteed bonds due March 5, 2025[76] - The company's cash and deposits totaled HKD 1,986 million, with 99.8% held in institutions with strong credit ratings[82] - Fixed-rate borrowings accounted for 78.7% of total borrowings (excluding interest payable) as of December 31, 2022[77] - The actual interest rate for total borrowings was 6.0% in 2022, up from 4.4% in 2021[78] - The company's top five customers accounted for 5.0% of trade receivables and contract assets as of December 31, 2022, down from 16.3% in 2021[81] - The company provided guarantees totaling HKD 436 million for subsidiaries' financing facilities as of December 31, 2022[76] - The company's liquidity risk management includes maintaining sufficient cash reserves and committed credit facilities to meet short-term and long-term liquidity needs[73] - The company has no significant contingent liabilities as of December 31, 2022[75] - The company's foreign currency risk is mitigated by the peg between HKD and USD, and between MOP and HKD[80] - The company's operations and financial performance are significantly impacted by the economic conditions in Hong Kong, Macau, and Mainland China, with potential negative effects from reduced international tourism and roaming service demand[83] - The company faces operational risks due to potential system failures, data processing errors, and rapid technological changes in the telecommunications industry, which could lead to reputational damage and financial losses[84] - Security or privacy breaches could result in significant financial penalties, reputational damage, and reduced service usage, with potential impacts from regulations like GDPR and PIPL[85] - Increased competition in the telecommunications market, particularly from new entrants and technological advancements, could lead to price reductions, margin compression, and market share loss[86] - The company is exposed to legal and regulatory risks across different jurisdictions, which could impact its financial performance and operational efficiency[87] - Adoption of new accounting standards by the Hong Kong Institute of Certified Public Accountants could have significant effects on the company's financial statements and operational results[88] - Rising protectionism and unilateralism could lead to increased regulatory challenges and risks for the company's business development and revenue growth[89] - The company's data centers and infrastructure are critical for service provision, and any damage or destruction could lead to significant repair costs and operational disruptions, potentially harming revenue and business prospects[90] - The COVID-19 pandemic has posed challenges to the company's operations in the Asia-Pacific region, potentially leading to reduced service usage by customers[90] - Total revenue for 2022 was HKD 10,111 million, showing an increase from HKD 9,486 million in 2021[92] - Net profit attributable to the company's shareholders in 2022 was HKD 1,191 million, up from HKD 1,076 million in 2021[92] - Basic earnings per share (EPS) for 2022 were 32.3 HK cents, compared to 29.3 HK cents in 2021[92] - Total dividends per share for 2022 were 24.5 HK cents, an increase from 22.5 HK cents in 2021[92] - The company's net borrowing decreased to HKD 2,534 million in 2022 from HKD 3,653 million in 2021[91] - The company's total equity increased to HKD 10,471 million in 2022 from HKD 10,176 million in 2021[91] - The company declared an interim dividend of 6.0 HK cents per share for the year ended December 31, 2022, an increase from 5.5 HK cents in 2021[164] - The company proposed a final dividend of 18.5 HK cents per share for the year ended December 31, 2022, up from 17.0 HK cents in 2021, subject to shareholder approval at the Annual General Meeting on May 24, 2023[164] 5G and Broadband Development - 5G users exceeded 150,000 as of March 15, 2023, with 10,000 users on the first day of commercial launch and 50,000 within the first month[17] - Macau's broadband download speed ranked first globally at 262.74Mbps in 2022, up from 7th place in 2021[17] - Macau Telecom's mobile market share reached 45.7% by the end of 2022, with over 554,000 subscribers, including 62,000 5G users[25] - Macau Telecom's broadband market share stood at 97.1%, with residential fiber broadband penetration reaching 99.1%[28] - Macau's average broadband download speed ranked first globally at 262.74 Mbps[28] - Macau Telecom expanded 5G international roaming coverage to 78 countries and regions, partnering with 80 overseas network operators[25] - Macau Telecom, under the leadership of Mr. Pan Fuxi, obtained the first 5G license in Macau and launched 5G services within a week in 2022[161] - Mr. Pan Fuxi has been instrumental in driving the "Digital Macau" initiative, extending Macau Telecom's services to the Greater Bay Area and Hengqin Deep Cooperation Zone[161] Research and Development - R&D team expanded to 334 members by the end of 2022, a 17% year-on-year increase[18] - Obtained 1 invention patent, filed 8 new patent applications, and submitted 3 software copyright applications in 2022[18] - Successfully acquired ISP business license in Indonesia and registered "Pacific Internet" trademark in Vietnam[18] - Secured new ICT infrastructure construction contracts in Malaysia, with project delivery progress exceeding 50%[18] Corporate Social Responsibility and Pandemic Response - The company provided over 120 million free pandemic-related messages to Macau citizens and over 140 million to Hong Kong citizens during the pandemic[19] - The company donated approximately HKD 1,000,000 to charity during the year, consistent with the previous year's donation[166] Strategic Initiatives and Market Expansion - The company aims to enhance its ICT-MiiND strategy, focusing on AI and big data application development to strengthen competitiveness[21] - The company plans to expand into new markets, particularly Southeast Asia, leveraging opportunities in the Greater Bay Area and the Belt and Road Initiative[23] - The company is committed to building an international "three first-class" talent team, including management, business, and engineering R&D teams[22] - The company will continue to optimize its 5G network resources and industry applications to support Macau's smart city development[20] - The company emphasizes investor relations, ensuring stable dividends and maintaining investor confidence through transparent communication[19] - The company has strengthened its information security services and improved customer service quality, maintaining high customer satisfaction levels[19] - The company participated in the 2022 World Internet Conference and co-hosted the Cross-Strait and Hong Kong-Macau Internet Development Sub-Forum[19] - The company is focusing on transforming patent achievements into products and solutions to enhance its market position[21] - The company is actively exploring development opportunities in the Guangdong-Macau In-Depth Cooperation Zone in Hengqin[20] Cloud and Network Services - CPC's cloud and network security services achieved double-digit growth in 2022[38] - CPC's TrueCONNECT™ virtual private network service now covers over 160 countries and regions[36] - CPC launched 11 cloud computing solutions, supported by 21 cloud service centers and 2 security operation centers worldwide[38] - CPC's SmartCLOUD™ container service expanded to mainland China, Hong Kong, Singapore, and Europe[35] - CPC established 60 SD-WAN gateways globally, with 43 in Greater China and 7 in ASEAN countries[36] Corporate Governance and Board Structure - The company has strengthened its risk monitoring and management mechanisms, including risk identification, assessment, and control measures[90] - The company is committed to maintaining high standards of corporate governance and has appointed a new independent non-executive director to comply with regulatory requirements[94] - The Board of Directors consists of 2 executive directors, 3 non-executive directors, and 3 independent non-executive directors, ensuring independence and objectivity[95] - 89% of directors do not hold board positions in other listed companies outside the CITIC Group, allowing them to dedicate sufficient time to the company[97] - The attendance rate for board and committee meetings in 2022 was high, with most directors attending all meetings[99] - The Board of Directors is responsible for approving business strategies, policies, and plans, while daily operations are delegated to management[101] - The Board is composed of 3 executive directors and 6 non-executive directors, with 3 being independent as per listing rules[102] - The company aims to appoint at least one female director by December 31, 2024, to promote gender diversity at the board level[102] - Independent non-executive directors make up more than one-third of the Board, ensuring a balanced governance structure[104] - The company has received confirmation from independent non-executive directors regarding their independence as per listing rules[104] - Directors are required to retire and be re-elected every three years, ensuring regular renewal and accountability[104] - The company has a diverse board with expertise in telecommunications, engineering, accounting, economics, and management, supporting effective governance[102] - Independent non-executive director Mr. Lam Yiu Kin is eligible and willing to be re-elected at the upcoming annual general meeting, with the nomination committee and board confirming his ability to dedicate sufficient time to his duties[105] - The board is responsible for setting the company's overall strategy, monitoring performance, and overseeing risk and internal controls[106] - The board held five meetings in 2022, reviewing key matters including financial statements, dividend proposals, and ESG-related issues[108] - Mr. Xin Yuejiang serves as the chairman, responsible for leading the board and ensuring good corporate governance practices, while Mr. Cai Dawei serves as the CEO, overseeing daily management and strategy implementation[109] - The company is seeking a suitable candidate for the CEO position following Mr. Cai Dawei's resignation effective March 31, 2023[110] - Directors receive monthly updates on the group's performance, status, and prospects, and are encouraged to participate in continuous professional development[111] - All directors participated in continuous professional development programs in 2022, including attending seminars, reading updates on regulatory developments, and reviewing monthly performance updates[112] - The company's Board of Directors has established various committees, including the Remuneration Committee, Audit Committee, Nomination Committee, and Finance Committee, each with specific roles and responsibilities[113] - The Remuneration Committee reviewed and approved the remuneration for newly appointed executive directors and revised the remuneration policy for senior management and general employees[115][116] - The total remuneration paid to senior management (excluding directors) in 2022 ranged from HKD 0 to HKD 15,000,000, with one executive in each of the following brackets: HKD 0-3,000,000, HKD 3,000,001-6,000,000, and HKD 12,000,001-15,000,000[118] - The Audit Committee oversees the company's financial reporting, risk management, and internal control systems, including the internal audit function and whistleblowing arrangements[120] - The Audit Committee held two meetings in 2022, with the CFO, external auditors, and internal auditors attending to discuss key audit matters and related procedures[120] -