Core Insights - China Telecom reported a revenue of 394.3 billion yuan for the first three quarters of 2025, a year-on-year increase of 0.6%, with service revenue at 366.3 billion yuan, up 0.9% [1] - The net profit attributable to shareholders reached 30.8 billion yuan, reflecting a growth of 5% [1] - The company is focusing on transforming into a service-oriented, technology-driven, and secure enterprise, emphasizing high-quality development [1][3] Financial Performance - For the first three quarters of 2025, China Telecom's operating costs were 274.8 billion yuan, a slight increase of 0.1% [2] - Sales expenses decreased by 1.4% to 38.9 billion yuan, while management expenses rose by 0.7% to 27.1 billion yuan [2] - Research and development expenses increased by 4.4% to 9.1 billion yuan, focusing on core technology advancements [2] Business Development - The number of 5G network users reached 290 million, with a penetration rate of 66.9% [1] - Mobile internet traffic grew by 16.9%, with a daily average usage (DOU) of 22.3 GB, up 11.4% [1] - New business segments showed significant growth, with IDC revenue at 27.5 billion yuan (up 9.1%), security revenue at 12.6 billion yuan (up 12.4%), and intelligent revenue increasing by 62.3% [2] Strategic Initiatives - China Telecom is implementing a "cloud transformation and intelligent upgrade" strategy, focusing on integrating basic and data-driven businesses [3] - The company aims to enhance digital infrastructure and leverage artificial intelligence to benefit various industries and households [3] - Future plans include strengthening core functions and competitiveness to build a world-class enterprise [3]

Financial Performance - The total operating revenue for Q3 2025 was ¥124.85 billion, a decrease of 0.91% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥7.76 billion, reflecting a year-on-year increase of 3.60%[4]. - The total profit for the period reached ¥9.86 billion, marking a 4.03% increase from the previous year[4]. - For the first three quarters of 2025, the company's operating revenue reached RMB 394.3 billion, a year-on-year increase of 0.6%[13]. - Net profit attributable to shareholders was RMB 30.8 billion, reflecting a 5.0% increase compared to the previous year[13]. - Operating profit for the first three quarters of 2025 was CNY 39.84 billion, compared to CNY 39.03 billion in the same period of 2024, reflecting a growth of 2.1%[20]. - The company reported a total profit of RMB 38.75 billion for the first three quarters of 2025, an increase from RMB 36.51 billion in 2024, marking a growth of 6.13%[29]. Cash Flow and Assets - The net cash flow from operating activities was ¥87.31 billion, showing a decline of 10.37% year-to-date[4]. - The company's cash flow from operating activities for the first three quarters of 2025 showed a positive trend, reflecting effective cash management strategies[22]. - The net cash flow from operating activities for the first three quarters of 2025 was RMB 96.54 billion, compared to RMB 103.87 billion in 2024, indicating a decrease of 7.06%[32]. - Total current assets were RMB 224.91 billion, compared to RMB 188.12 billion at the end of 2024[17]. - The cash and cash equivalents at the end of September 2025 were ¥44.59 billion, a significant decrease from ¥73.34 billion at the end of 2024[24]. - The cash inflow from sales of goods and services was ¥376.30 billion in the first three quarters of 2025, down from ¥386.69 billion in the same period of 2024, a decline of 2.5%[23]. Shareholder and Equity Information - The equity attributable to shareholders was ¥458.12 billion, up by 1.27% compared to the previous year-end[5]. - The top shareholder, China Telecom Group, holds 63.90% of the shares, indicating strong institutional ownership[10]. - The company's total equity reached ¥431.03 billion as of September 30, 2025, up from ¥425.67 billion at the end of 2024[27]. Research and Development - Research and development expenses amounted to RMB 9.1 billion, a 4.4% increase year-on-year, focusing on core technology advancements[14]. - Research and development expenses increased to CNY 9.13 billion in the first three quarters of 2025, up from CNY 8.75 billion in the same period of 2024, indicating a focus on innovation[20]. - Research and development expenses for the first three quarters of 2025 were RMB 4.77 billion, slightly higher than RMB 4.70 billion in 2024, reflecting an increase of 1.45%[29]. User and Market Metrics - The number of mobile users reached 43.72 million, with a net increase of 1.27 million users[12]. - The number of 5G network users reached 292.41 million, with a penetration rate of 66.9%[13]. - Total mobile internet traffic was 7,733.26 million TB, a year-on-year increase of 16.9%[12]. Liabilities and Financial Management - The total liabilities as of the end of the reporting period were CNY 410.82 billion, slightly up from CNY 410.07 billion at the end of the previous period[18]. - The company's total liabilities increased to ¥354.22 billion in 2025, compared to ¥345.42 billion in 2024, reflecting a growth of 2.3%[27]. - The company reported a decrease in financial expenses to CNY 454 million from CNY 518 million in the previous year, highlighting cost control efforts[20]. - The company's interest expenses for the first three quarters of 2025 were RMB 1.25 billion, down from RMB 1.70 billion in 2024, indicating a decrease of 26.39%[29]. Guarantees and Commitments - The company plans to provide guarantees totaling up to RMB 47.92 million for its wholly-owned subsidiaries, effective until March 31, 2025[34]. - The company provided a total of 18 guarantees amounting to RMB 32.2281 million during the third quarter of 2025[36]. - The balance of external guarantees as of the end of the reporting period was RMB 67.7252 million, representing 0.0148% of the company's latest audited net assets[38]. - All guarantees were provided by the company's subsidiaries to other wholly-owned subsidiaries, with no overdue guarantees reported[38].

智通财经APP讯，中国电信(00728)公布，2025年第三季度，移动用户数为约4.37亿户，当季净增448万 户。其中，5G网络用户数约2.92亿，当季净增1039万户。有线宽带用户数约2亿，当季净增189万户。 （原标题：中国电信(00728)第三季度5G网络用户净增1039万户） ...

2025年前三季度，公司经营费用为人民币3,593亿元，同比增长0.3%，其中折旧及摊销为人民币779亿 元，同比增长4.4%，主要是公司加快新型数字信息基础设施建设，固定资产较上年同期有所增长；网 络运营及支撑成本为人民币1,149亿元，同比下降3.0%，主要原因是公司通过AI赋能并结合业务发展情 况，加强成本精准管控，持续提升资源使用效率。人工成本为人民币752亿元，同比下降0.3%。 未来，公司将全面实施云改数转智惠战略，强化创新引领的基础业务和产数业务双轮驱动融合发展，深 入推进「人工智能+」行动，加快推动数字信息基础设施智能化演进升级，让智能红利更好惠及千行百 业和千家万户，不断增强核心功能、提升核心竞争力，加快建设世界一流企业，积极回馈广大股东。 公司股东应占利润为人民币308亿元，同比增长5.0%。每股基本净利润为人民币0.34元，EBITDA为人民 币1,156亿元，同比增长4.2%，EBITDA率为31.6%。 格隆汇10月21日丨中国电信(00728.HK)公布集团截至2025年9月30日止九个月的业绩。2025年前三季 度，公司经营收入为人民币3,970亿元，同比增长0.6%，其中服务收 ...

Core Insights - The company reported an EBITDA of 115.6 billion RMB for the first nine months [1] Financial Performance - The EBITDA figure indicates the company's operational profitability over the specified period [1]

Core Insights - China Telecom reported operating revenue of RMB 397 billion for the first three quarters of 2025, a year-on-year increase of 0.6% [1] - The company's service revenue reached RMB 366.3 billion, growing by 0.9% year-on-year [1] - Shareholder profit attributable to the company was RMB 30.8 billion, reflecting a 5.0% increase compared to the previous year [1] - Basic earnings per share were RMB 0.34, with EBITDA of RMB 115.6 billion, up 4.2% year-on-year, and an EBITDA margin of 31.6% [1] Business Performance - The company has a strong focus on customer needs, enhancing product and service capabilities for individual and family segments [1] - As of the end of Q3 2025, the number of 5G network users reached 290 million, with a penetration rate of 66.9% [1] - Mobile internet traffic increased by 16.9% year-on-year, with a daily average usage (DOU) of 22.3GB, up 11.4% [1] - Gigabit broadband user penetration is approximately 31.0% [1] New Business Growth - The company has established an intelligent cloud system centered around its first technology "Xirang," providing integrated smart cloud services [2] - Revenue from new strategic businesses includes IDC revenue of RMB 27.5 billion (up 9.1%), security revenue of RMB 12.6 billion (up 12.4%), and intelligent revenue growth of 62.3% [2] - Satellite communication revenue increased by 23.5%, while quantum revenue surged by 134.6% [2] Cost Management - Operating expenses for the first three quarters of 2025 were RMB 359.3 billion, a 0.3% increase year-on-year [2] - Depreciation and amortization costs were RMB 77.9 billion, up 4.4%, due to accelerated investment in digital infrastructure [2] - Network operation and support costs decreased by 3.0% to RMB 114.9 billion, attributed to AI-enabled cost management [2] - Labor costs slightly decreased by 0.3% to RMB 75.2 billion [2] Future Strategy - The company plans to implement a cloud transformation strategy, focusing on innovation-driven development and the integration of artificial intelligence [3] - The goal is to enhance core functions and competitiveness while contributing to high-quality development across various sectors [3] - The company aims to build a world-class enterprise and provide returns to shareholders [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Telecom Corporation Limited 中国电信股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份編號：728） 海外監管公告 中國電信股份有限公司 2025 年第三季度報告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而作出。 兹載列中國電信股份有限公司（「本公司」）在上海證券交易所網站刊登的《中國電信股份有 限公司 2025 年第三季度報告》，僅供參考。 承董事會命 中國電信股份有限公司 董事長兼首席執行官 柯瑞文 中國北京，2025 年 10 月 21 日 於本公告刊發之日的本公司董事會包括柯瑞文（董事長兼首席執行官）；劉桂清（總裁兼首席 運營官）；唐珂、李英輝（財務總監）（皆為執行副總裁）；呂永鐘（非執行董事）；吳嘉寧、 楊志威、陳東琪、呂薇（皆為獨立非執行董事）。 中国电信股份有限公司 2025 年第三季度报告 证券代码：601728 ...

Financial Performance - For the first three quarters of 2025, the company's operating revenue was RMB 397 billion, representing a year-on-year increase of 0.6%[7] - The profit attributable to shareholders was RMB 30.8 billion, reflecting a year-on-year growth of 5.0%[7] - The EBITDA for the period was RMB 115.6 billion, with a year-on-year increase of 4.2%, resulting in an EBITDA margin of 31.6%[7][8] - Total operating revenue for the nine months ended September 30, 2025, was RMB 396,998 million, a slight increase from RMB 394,718 million in the same period of 2024, representing a growth of approximately 0.3%[16] - Net profit for the nine months ended September 30, 2025, reached RMB 30,771 million, compared to RMB 29,340 million in 2024, indicating an increase of about 4.9%[17] - The company reported a total of RMB 37,739 million in operating profit for the nine months ended September 30, 2025, compared to RMB 36,384 million in 2024, representing an increase of approximately 3.7%[16] - The pre-tax profit for the nine months ended September 30, 2025, was RMB 39,450 million, up 5% from RMB 37,712 million in 2024[19] User Growth and Traffic - The total number of mobile users reached 43.72 million, with a net increase of 1.27 million users during the period[6] - The number of 5G network users reached 29.24 million, with a net increase of 4.17 million users[6] - The total mobile internet traffic was 7,733.26 million TB, showing a year-on-year growth of 16.9%[9] Revenue Streams - The company's IDC revenue was RMB 27.5 billion, up 9.1% year-on-year, while intelligent revenue grew by 62.3%[10] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 876.05 billion, an increase of 1.1% compared to the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 876,049 million, up from RMB 866,625 million at the end of 2024, reflecting a growth of approximately 1.6%[15] - The company's total liabilities stood at RMB 410,815 million as of September 30, 2025, slightly up from RMB 410,073 million in 2024, showing a marginal increase of 0.2%[15] - The net current liabilities improved to RMB (106,612) million in 2025 from RMB (137,252) million in 2024, indicating a positive change in liquidity[15] - The total equity attributable to shareholders increased to RMB 458,123 million in 2025 from RMB 452,390 million in 2024, showing a growth of about 1.3%[15] Cash Flow and Expenditures - The company's cash and cash equivalents decreased to RMB 44,594 million in 2025 from RMB 82,207 million in 2024, a decline of approximately 45.4%[14] - The net cash generated from operating activities for the nine months ended September 30, 2025, was RMB 87,421 million, a decrease of 10% compared to RMB 97,316 million for the same period in 2024[18] - The company's capital expenditures for the nine months ended September 30, 2025, were RMB (44,810) million, down 23% from RMB (58,238) million in 2024[18] - The net cash used in investing activities was RMB (84,958) million, an increase of 23% compared to RMB (68,913) million in 2024[18] - The company reported a net cash outflow from financing activities of RMB (40,033) million, compared to RMB (36,080) million in 2024, indicating a 11% increase in cash outflow[18] - Cash and cash equivalents decreased by RMB 37,570 million during the nine months ended September 30, 2025, compared to a decrease of RMB 7,677 million in 2024[18] Dividends and Interest - The company paid dividends amounting to RMB (25,064) million, which is an increase of 17% from RMB (21,300) million in 2024[18] - The company experienced a net interest expense of RMB 1,563 million for the nine months ended September 30, 2025, compared to RMB 1,794 million in 2024[19] Strategic Initiatives - The company plans to fully implement a cloud transformation strategy, enhancing core capabilities and competitiveness[12]

China Telecom Corporation Limited 中国电信股份有限公司 ( 於中華人民共和國註冊成立之股份有限公司 ) (股份編號：728) 2025年第三季度主要運營數據 中國電信股份有限公司（「本公司」）董事會（「董事會」）宣佈2025年第三季度本公司及 其附屬公司（統稱「本集團」）的主要運營數據。 2025年第三季度主要運營數據公佈如下： | | 2025年三季度 | | --- | --- | | 移動用戶數（百萬戶） | 437.19 | | 當季淨增用戶數（百萬戶） | 4.48 | | 其中：5G網絡用戶數（百萬戶） | 292.41 | | 當季淨增用戶數（百萬戶） | 10.39 | | 有線寬帶用戶數（百萬戶） | 200.49 | | 當季淨增用戶數（百萬戶） | 1.89 | 董事會謹此提醒投資者，以上運營數據為本集團內部統計數據，投資者應小心以免不恰當地倚賴 該等數據。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何 ...

智通财经APP讯，中国电信(601728.SH)披露2025年第三季度报告，公司前三季度实现营收3942.7亿元， 同比增长0.59%;归属于上市公司股东的净利润307.73亿元，同比增长5.03%;扣非净利润286.97亿元，同 比增长0.04%;基本每股收益0.34元。 2025年前三季度，公司坚定履行建设网络强国、科技强国、数字中国和维护网信安全责任，抢抓新一轮 科技革命和产业变革发展机遇，全面拥抱人工智能，推动企业战略向云改数转智惠升级，进一步加快向 服务型、科技型、安全型企业转型，持续推动战略新兴业务规模拓展，更加突出高质量发展主题，公司 经营业绩保持稳健。 公司坚持以客户为中心，积极把握广大用户的数字消费新需求，加快推动连接、终端、应用、权益等融 合要素升级，持续提升个人及家庭端产品和服务的供给能力。2025年前三季度，公司基础业务稳健发 展，5G网络用户数达到2.9亿户，渗透率提升至66.9%，手机上网总流量同比增长16.9%，手机上网DOU 达到22.3GB，同比增长11.4%，千兆宽带用户渗透率约31.0%。 公司以第一科技"息壤"为核心，构建完成智能云体系，基于云网融合提供"算力+平台+数 ...