中国电信(601728) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the first nine months of 2024 reached RMB 391.97 billion, a year-on-year increase of 2.9%[4] - Net profit attributable to shareholders of the company for the first nine months of 2024 was RMB 29.30 billion, up 8.1% year-on-year[4] - Basic earnings per share for the first nine months of 2024 were RMB 0.32, an increase of 8.1% compared to the same period last year[4] - Total revenue for the first three quarters of 2024 reached RMB 391.968 billion, a year-on-year increase of 2.9%, with service revenue at RMB 362.886 billion, up 3.8%[14] - Net profit attributable to shareholders was RMB 29.299 billion, a year-on-year increase of 8.1%, with basic earnings per share at RMB 0.32, also up 8.1%[14] - Total operating revenue for the first three quarters of 2024 reached 391.97 billion RMB, an increase from 381.10 billion RMB in the same period last year[18] - Net profit attributable to the parent company's shareholders for the first three quarters of 2024 was 29.30 billion RMB, up from 27.10 billion RMB in the same period last year[18] - Total revenue for the first three quarters of 2024 reached 336.23 billion RMB, compared to 326.89 billion RMB in the same period of 2023[25] - Net profit for the first three quarters of 2024 was 28.39 billion RMB, up from 25.65 billion RMB in the same period of 2023[25] - Operating profit for the first three quarters of 2024 was 39.03 billion RMB, an increase from 36.73 billion RMB in the same period last year[18] - Operating profit for the first three quarters of 2024 was 37.86 billion RMB, compared to 34.68 billion RMB in the same period of 2023[25] - Total comprehensive income for the first three quarters of 2024 was 28.97 billion RMB, compared to 27.29 billion RMB in the same period last year[19] - Total comprehensive income for the first three quarters of 2024 was 28.09 billion RMB, up from 25.66 billion RMB in the same period of 2023[25] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 865.47 billion, a 3.5% increase compared to the end of the previous year[5] - The company's total equity attributable to shareholders as of the end of the reporting period was RMB 448.45 billion, a 1.2% increase compared to the end of the previous year[5] - Total assets as of September 30, 2024, amounted to RMB 865.468 billion, compared to RMB 835.814 billion at the end of 2023[16] - Total liabilities as of the end of Q3 2024 amounted to 412.71 billion RMB, compared to 388.65 billion RMB at the end of Q3 2023[17] - Total equity attributable to the parent company's shareholders as of the end of Q3 2024 was 448.45 billion RMB, up from 442.93 billion RMB at the end of Q3 2023[17] - Total liabilities as of the end of the reporting period amounted to 369.42 billion RMB, an increase from 342.27 billion RMB in the previous year[23] - Total owner's equity stood at 422.42 billion RMB, slightly higher than 417.74 billion RMB in the previous year[23] - Total assets as of the end of the reporting period were 791.84 billion RMB, up from 760.00 billion RMB in the previous year[23] - Total assets as of September 30, 2024 were RMB 791.84 billion, an increase of 4.2% compared to RMB 760.00 billion as of December 31, 2023[22] Cash Flow - Net cash flow from operating activities for the first nine months of 2024 was RMB 97.41 billion, a decrease of 13.8% year-on-year[4] - Operating cash flow for the first three quarters of 2024 was RMB 97.41 billion, a decrease of 13.8% compared to RMB 112.99 billion in the same period of 2023[20] - Investment cash flow for the first three quarters of 2024 was negative RMB 67.32 billion, compared to negative RMB 60.24 billion in the same period of 2023[20] - Financing cash flow for the first three quarters of 2024 was negative RMB 37.77 billion, compared to negative RMB 42.82 billion in the same period of 2023[20] - Operating cash flow for the first three quarters of 2024 was RMB 103.87 billion, a decrease from RMB 120.58 billion in the same period of 2023[27] - Investment cash flow for the first three quarters of 2024 was negative RMB 71.02 billion, compared to negative RMB 56.31 billion in 2023[27] - Sales of goods and services generated RMB 330.90 billion in cash inflows for the first three quarters of 2024, up from RMB 318.72 billion in 2023[27] - Cash outflows for purchasing goods and services increased to RMB 127.02 billion in the first three quarters of 2024, up from RMB 101.39 billion in 2023[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 263,553[8] - China Telecom Group holds 63.90% of the company's shares, totaling 58.48 billion shares[9] - Hong Kong Securities Clearing (Nominees) Limited holds 15.13% of the company's shares, totaling 13.85 billion shares[9] - Guangdong Rising Holdings Group holds 5.24% of the company's shares, totaling 4.79 billion shares[9] - Total shareholders at the end of the reporting period were 263,553, including 261,981 A-share holders and 1,572 H-share holders[10] Subscriber Metrics - Mobile subscribers reached 422.67 million, with a net increase of 14.90 million[12] - 5G package subscribers reached 345.06 million, with a net increase of 26.40 million[12] - Mobile internet traffic totaled 6,615.35 TB, up from 5,219.02 TB in the previous year[13] - Fixed broadband subscribers reached 196.26 million, with a net increase of 6.10 million[13] - Fixed-line telephone subscribers decreased to 98.00 million, with a net decrease of 3.02 million[13] - Mobile communication service revenue reached RMB 156.823 billion, a year-on-year increase of 3.2%, with mobile users increasing by 14.9 million to 423 million, and 5G package users reaching 345 million, with a penetration rate of 81.6%[14] - Fixed-line and smart home service revenue reached RMB 95.624 billion, a year-on-year increase of 2.9%, with smart home revenue growing by 17.0%[14] - The company's mobile user ARPU remained stable at RMB 45.6, while the broadband comprehensive ARPU was RMB 47.8[14] Research and Development - R&D expenses increased by 19.3% year-on-year to RMB 8.75 billion, driven by increased investment in strategic emerging industries and future industries[14] - Research and development expenses for the first three quarters of 2024 increased to 8.75 billion RMB from 7.33 billion RMB in the same period last year[18] - Research and development expenses increased to 4.70 billion RMB in the first three quarters of 2024, up from 4.34 billion RMB in the same period of 2023[25] Guarantees and Subsidiaries - Total guarantees provided by subsidiaries in Q3 2024 amounted to RMB 3.60 million, with 15 guarantees issued[29] - The company's subsidiaries provided non-financing guarantees totaling RMB 47.92 million for 2024, valid until March 31, 2025[29] - The largest single guarantee in Q3 2024 was RMB 6.99 million, provided to China Telecom Digital Intelligence Technology's Jilin branch[30] - The total external guarantee balance of the company and its subsidiaries is RMB 75.48 million, accounting for 0.0169% of the company's latest audited net assets as of December 31, 2023[33] - The guarantee provided by China Telecom Smart Network Technology Co., Ltd. amounts to RMB 77,292.00, valid from August 15, 2024, to June 24, 2027[32] - China Telecom Digital Intelligence Technology Co., Ltd. provided a guarantee of RMB 15,100,430.00, valid from September 29, 2024, to January 31, 2028[32] - China Telecom Digital Intelligence Technology Co., Ltd. Heilongjiang Branch provided a guarantee of RMB 638,700.00, valid from September 2, 2024, to October 16, 2024[32] - China Telecom Digital Intelligence Technology Co., Ltd. Qinghai Branch provided two guarantees totaling RMB 581,479.90, valid from September 19, 2024, to August 8, 2027[32] - China Telecom Digital City Technology Co., Ltd. provided a guarantee of RMB 2,280,818.46, valid from September 29, 2024, to December 25, 2024[32] Other Financial Metrics - Weighted average return on equity (ROE) for the first nine months of 2024 was 6.48%, an increase of 0.32 percentage points year-on-year[4] - Non-recurring gains and losses for the first nine months of 2024 amounted to RMB 612.52 million, primarily due to government subsidies and other non-operating income[6][7] - The company's weighted average return on equity (ROE) increased by 0.32 percentage points to 6.48%[14] - Contract liabilities as of the end of Q3 2024 stood at 58.01 billion RMB, down from 65.42 billion RMB at the end of Q3 2023[17] - Interest expenses decreased to 1.70 billion RMB in the first three quarters of 2024, down from 2.15 billion RMB in the same period of 2023[25] - Other comprehensive income showed a loss of 303.33 million RMB in the first three quarters of 2024, compared to a gain of 16.02 million RMB in the same period of 2023[25] Cash and Cash Equivalents - Cash and cash equivalents at the end of September 2024 were RMB 73.34 billion, a decrease of 11% compared to RMB 82.45 billion at the end of September 2023[21] - The company's cash and cash equivalents at the end of Q3 2024 stood at RMB 39.00 billion, down from RMB 68.82 billion at the end of Q3 2023[27] Industrial Digitalization - Industrial digitalization revenue reached RMB 105.549 billion, a year-on-year increase of 5.8%[14] Accounts and Inventory - Accounts receivable as of September 30, 2024 were RMB 47.50 billion, a significant increase of 77% compared to RMB 26.84 billion as of December 31, 2023[22] - Prepayments as of September 30, 2024 were RMB 5.69 billion, an increase of 67.8% compared to RMB 3.39 billion as of December 31, 2023[22] - Inventory as of September 30, 2024 was RMB 1.76 billion, an increase of 15% compared to RMB 1.53 billion as of December 31, 2023[22] - Fixed assets as of September 30, 2024 were RMB 371.10 billion, a decrease of 3.6% compared to RMB 384.97 billion as of December 31, 2023[22] - Accounts payable as of September 30, 2024 were RMB 122.89 billion, an increase of 4.6% compared to RMB 117.51 billion as of December 31, 2023[22]