股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 中信國際電訊集團有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01883 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | ...

Core Insights - The data indicates significant trading volume increases for various companies, suggesting heightened investor interest and potential market movements [1][2][3][4][5] Group 1: Companies with Notable Volume Increases - 阳光能源 (00757) reported a volume ratio of 2.35, indicating strong trading activity [2] - 长城汽车 (02333) had a volume ratio of 2.21, reflecting increased investor engagement [2] - 郑煤机 (00564) showed a volume ratio of 1.92, suggesting a notable rise in trading [2] Group 2: Additional Companies with Increased Trading Activity - 万国数据-SW (09698) recorded a volume ratio of 1.83, indicating significant market interest [2] - 映恩生物-B (09606) had a volume ratio of 1.78, reflecting heightened trading activity [2] - 超盈国际控股 (02111) reported a volume ratio of 1.71, suggesting increased investor focus [2] Group 3: Companies with Moderate Volume Ratios - 中国能源建设 (03996) had a volume ratio of 1.70, indicating a solid level of trading activity [2] - 亚信科技 (01675) reported a volume ratio of 1.60, reflecting moderate investor interest [2] - 金宝通 (00320) showed a volume ratio of 1.53, suggesting a rise in trading volume [2] Group 4: Companies with Lower Volume Ratios - 中国水务 (00855) had a volume ratio of 1.52, indicating stable trading activity [2] - 广汽集团 (02238) reported a volume ratio of 1.52, reflecting consistent investor engagement [2] - 凯莱英 (06821) showed a volume ratio of 1.52, suggesting steady trading interest [2]

Core Insights - The core achievement of CITIC International Telecom's subsidiary, CITIC International Telecom (CPC), is the silver award in the BPAA Fourth Global Application Algorithm Model Competition for its AI-driven "Information Security Threat Identification Platform" [1][2][3] Company Overview - CITIC International Telecom (CPC) is a wholly-owned subsidiary of CITIC International Telecom Group Limited, listed on the Hong Kong Stock Exchange under stock code 1883 [10] - The company focuses on providing comprehensive digital solutions through advanced technologies, including TrueCONNECT™ dedicated network services, TrustCSI™ information security solutions, DataHOUSE™ global unified cloud data center solutions, and SmartCLOUD™ cloud computing solutions [10][11] Innovation and Technology - The "Information Security Threat Identification Platform" integrates AI technology with information security services, showcasing significant innovation in algorithm models and technical architecture [4][5] - The platform employs a flow anomaly detection algorithm that captures full traffic data and utilizes AI to classify traffic, enhancing security measures [4] - The technical architecture combines large and small model integration with cloud-edge collaboration, optimizing resource consumption and costs for clients [5] Industry Context - The rapid development of digital infrastructure and the emergence of diverse application scenarios are shaping new advantages in the digital economy [7] - The increasing complexity and variability of cybersecurity challenges necessitate proactive defense strategies for businesses, especially those with global operations [7][9] - CITIC International Telecom CPC's AI-driven security services, particularly the "AI offense and defense" practice, are designed to transition clients from passive protection to active defense [8][9] Awards and Recognition - The BPAA competition, which CITIC International Telecom CPC participated in, aims to gather international algorithm resources and establish industry benchmarks, with over 700 teams from more than 15 countries competing [9]

Group 1 - CITIC Group is a large comprehensive enterprise group founded in 1979, headquartered in Beijing, and is one of the first multinational enterprises established after China's reform and opening up [1] - The group operates under a unique "finance + industry" dual-drive model, covering sectors such as finance, resource energy, high-end manufacturing, and engineering contracting [1] - CITIC Group has a significant presence in both domestic and international markets, consistently ranking in the Fortune Global 500 [1] Group 2 - CITIC Bank, established in 1987, is one of the earliest emerging commercial banks in China, providing a wide range of financial services [3] - CITIC Securities, founded in 1995, is the largest securities company in China, leading in investment banking market share for five consecutive years [5] - CITIC Special Steel, established in 1993, is a global leader in special steel manufacturing, with products used in high-end applications [7] Group 3 - CITIC Heavy Industries, founded in 2008, specializes in heavy machinery manufacturing and has a global presence in 68 countries [10][11] - CITIC Offshore Helicopter, established in 1999, is the largest general aviation operator in China, focusing on offshore oil and emergency rescue services [13] - CITIC Guoan Information Industry, founded in 1997, holds a significant position in the integrated information services sector [15] Group 4 - CITIC Metal, established in 1988, is a leading trader of metal and mineral products, with a focus on iron ore and non-ferrous metals [17] - CITIC Publishing Group, founded in 1993, is a leading publishing group in China, focusing on book publishing and digital reading [18] - CITIC Resources Holdings, established in 1997, engages in the exploration and trading of natural resources [20] Group 5 - CITIC International Financial Holdings serves as the main asset integration platform for CITIC Group, covering various sectors including finance and manufacturing [22] - CITIC International Telecommunications is one of the largest international telecommunications hubs in the Asia-Pacific region [24] - CITIC Financial Asset Management, restructured in 2023, focuses on managing non-performing assets and financial services [26] Group 6 - CITIC Group's listed companies benefit from a "strategic control + market-oriented operation" model, enjoying resource synergy while maintaining competitiveness in niche markets [26] - Many of the group's listed companies are currently undervalued compared to their industry positions, presenting potential investment opportunities [26] - The ongoing national policy for state-owned enterprise value reassessment and the effective layout of emerging industries may lead to structural opportunities for CITIC Group companies [26]

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].

Financial Performance - The company achieved a revenue of HKD 1.2 billion for the first half of 2024, reflecting a 10% year-on-year increase[4]. - The total revenue for the first half of 2024 was HKD 4.889 billion, a decrease of 8.2% compared to the same period last year[8]. - The telecommunications service revenue was HKD 4.160 billion, down 11.3% year-on-year[8]. - The profit attributable to shareholders was HKD 455 million, a decline of 36.9% compared to the previous year[8]. - EBITDA for the first half of 2024 was HKD 1.038 billion, a decrease of 28.3% year-on-year[8]. - The basic earnings per share were HKD 0.123, down 36.9% from the previous year[8]. - The group’s profit for the six months ended June 30, 2024, decreased by 35.8% to HKD 471 million, with profit attributable to shareholders down 36.9% to HKD 455 million, resulting in a basic earnings per share of HKD 0.123[24]. - The net profit for the period was HKD 471 million, down 35.8% from HKD 734 million in the previous year[74]. - The reported profit for the six months ended June 30, 2024, was HKD 1,059 million, a decrease of 30.3% compared to HKD 1,521 million for the same period in 2023[89]. - The pre-tax profit for the six months ended June 30, 2024, was HKD 568 million, down 36.3% from HKD 892 million in the prior year[89]. Revenue Breakdown - The mobile communication service revenue increased by 11.6% year-on-year, reaching HKD 510 million[15]. - Internet business revenue grew by 4.5% year-on-year, totaling HKD 737 million[15]. - International telecommunications business revenue decreased by 36.6% to HKD 1.237 billion, primarily due to a decline in messaging service revenue[34]. - Voice business revenue increased by 74.6% to HKD 899 million, partially offsetting the decline in messaging services[34]. - Corporate business revenue increased by 6.8% year-on-year to HKD 1.02 billion, totaling HKD 1.608 billion, primarily due to more projects awarded in Macau and Southeast Asia, offsetting a decline in mainland China[35]. Market Expansion and Technology - The group plans to expand its market presence in Southeast Asia, targeting a 20% increase in customer base by the end of 2024[5]. - The launch of the new 5.5G technology is expected to enhance service capabilities and drive a 25% increase in enterprise ICT service revenue[5]. - Macau Telecom launched 5.5G commercial services in July 2024, marking a significant technological advancement[15]. - The group aims to enhance its core product intelligence and promote smart product upgrades through the integration of emerging technologies like AI and big data algorithms[20]. - The group plans to leverage 5.5G technology and smart city digital infrastructure to introduce more innovative applications in Macau[20]. Sustainability and Corporate Responsibility - The company is committed to sustainable development, with plans to invest HKD 100 million in green technology initiatives over the next three years[5]. - The group has committed to sustainable development initiatives, participating in the "ESG Charter" action for the second consecutive year and receiving the "15 Years Plus Caring Company" logo for 15 years[19]. - The company emphasizes a sustainable development approach, integrating social responsibility into its core business strategy[70]. Operational Metrics - The total number of mobile users as of June 30, 2024, exceeded 710,000, representing a year-on-year increase of approximately 13.8%[32]. - The number of 5G mobile users reached over 624,000, accounting for 87.9% of the total mobile user base, up from 50.6% a year earlier[32]. - The group maintained a broadband market penetration rate of approximately 91.0% in Macau as of June 30, 2024[33]. - The average fixed broadband download speed in Macau is reported at 234.74 Mbps, ranking third globally according to cable.co.uk[16]. Financial Position and Liquidity - The net cash inflow from operating activities was HKD 891 million, a decrease of 27.4% compared to HKD 1.228 billion in 2023[47]. - The net debt increased to HKD 2.363 billion, with a net capital debt ratio rising from 17% to 18%[52]. - As of June 30, 2024, the company's cash balance is HKD 1.561 billion, with undrawn committed bank and other loan facilities amounting to HKD 7.290 billion, sufficient to cover total borrowings due in the next twelve months of HKD 3.855 billion[60]. - The total available credit facilities amount to HKD 12.257 billion, with drawn amounts of HKD 3.935 billion and undrawn amounts of HKD 8.322 billion[61]. - The company has a liquidity risk management policy that ensures sufficient cash reserves and compliance with borrowing covenants, with no significant contingent liabilities reported as of June 30, 2024[62]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, continuously reviewing governance practices to enhance investor confidence and protect shareholder interests[142]. - The company has fully complied with the applicable code provisions of the Corporate Governance Code during the six months ending June 30, 2024, except for one instance of absence at the annual general meeting[142]. - The audit committee, consisting of three independent non-executive directors and one non-executive director, reviewed the interim report and recommended its adoption by the board[142]. Shareholder Information - The interim dividend declared was HKD 0.060 per share, consistent with the previous year[15]. - The interim dividend is scheduled for distribution on September 27, 2024[147]. - The company will suspend share transfer registration from September 10, 2024, to September 13, 2024[147].

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].

Core Viewpoint - CITIC International Telecom (01883) reported a slight decline in total revenue for 2023, while shareholder profit increased, indicating a mixed performance in the telecommunications sector [1] Financial Performance - Total revenue for the company was HKD 9.987 billion, a minor decrease of approximately 1.2% year-on-year [1] - Shareholder profit attributable to the company was HKD 1.231 billion, reflecting a year-on-year increase of 3.4% [1] - Basic earnings per share were HKD 0.333, with a proposed final dividend of HKD 0.193 per share [1] Revenue Breakdown - Telecommunications service revenue amounted to HKD 8.569 billion, a decrease of 3.0% or HKD 0.262 billion compared to the previous year [1] - The decline in telecommunications service revenue was primarily due to reduced income from international telecommunications and fixed-line voice services, partially offset by increases in mobile communication services, enterprise business, and internet services [1] - Revenue from the sale of mobile phones and devices reached HKD 1.418 billion, an increase of 10.8% or HKD 0.138 billion year-on-year [1]