2022-08-31 08:56Financial Performance - In the first half of 2022, the operating revenue reached RMB 496.93 billion, an increase of 11.9% compared to RMB 443.65 billion in the same period of 2021[5] - Communication service revenue for the first half of 2022 was RMB 426.42 billion, up from RMB 393.22 billion in the first half of 2021, reflecting a growth of 8.5%[5] - EBITDA for the first half of 2022 was RMB 173.91 billion, compared to RMB 161.99 billion in the same period of 2021, resulting in an EBITDA margin of 35.0%[5] - The profit attributable to shareholders increased to RMB 70.28 billion in the first half of 2022, up from RMB 59.12 billion in the same period of 2021, representing a growth of 18.8%[5] - Basic earnings per share rose to RMB 3.29 in the first half of 2022, compared to RMB 2.89 in the same period of 2021, marking an increase of 13.9%[5] - The company’s EBITDA accounted for 40.8% of communication service revenue in the first half of 2022, slightly down from 41.2% in the same period of 2021[5] - Shareholder profit attributable to the company was RMB 70.3 billion, an 18.9% increase year-on-year, with earnings per share at RMB 3.29, up 14.1%[7] - The company reported a profit of RMB 70,275 million for the six months ended June 30, 2022, compared to RMB 59,118 million for the same period in 2021, representing an increase of 18.5%[32] - The company declared dividends of RMB 44,594 million during the period, compared to RMB 29,916 million in the previous period, indicating a significant increase in shareholder returns[32] Customer and Market Growth - As of June 30, 2022, the total number of mobile customers reached 970 million, with broadband customers totaling 256 million[2] - The personal market revenue was RMB 256.1 billion, a slight increase of 0.2% year-on-year, with mobile customers reaching 970 million, adding 12.96 million customers[9] - The family market revenue grew 18.7% year-on-year to RMB 59.4 billion, with broadband customers reaching 230 million, adding 12.41 million customers[10] - The enterprise market revenue reached RMB 91.1 billion, a 24.6% year-on-year increase, with DICT revenue at RMB 48.2 billion, up 44.2%[11] - Emerging market revenue reached RMB 19.9 billion, a year-on-year increase of 36.5%[12] - International business revenue amounted to RMB 8.1 billion, growing 19.3% year-on-year[12] - Digital content revenue hit RMB 11.6 billion, with a remarkable growth rate of 50.6% year-on-year[12] - Monthly active users for Migu Video increased by 72.5% year-on-year, while cloud gaming users surged by 149.4%[12] Investment and Expenditure - Capital expenditure was RMB 92 billion, with free cash flow maintained at RMB 55.2 billion, indicating healthy cash flow[7] - The company invested RMB 58.7 billion in 5G-related projects in the first half of 2022, with 300,000 700MHz 5G base stations operational[16] - The total cost of property, plant, and equipment additions for the six months ended June 30, 2022, was RMB 91,576 million, an increase from RMB 85,976 million for the same period in 2021[51] - The company plans to fully utilize the raised funds for projects related to its main business, including 5G network construction and new information technology research and development[93] Research and Development - R&D investment reached RMB 8.2 billion in the first half of the year, a year-on-year increase of 20.3%[19] - The company emphasized continuous investment in research and development, contributing to the growth of operating expenses[87] Strategic Initiatives - The company aims to create a world-class information service technology innovation company, focusing on digital economy opportunities and enhancing value-based operations[6] - The company is advancing a new information service system based on 5G, computing networks, and smart platforms, enhancing its service capabilities[6] - The company is actively expanding strategic partnerships with local governments and enterprises to promote digital economy innovation[22] - The company has implemented deep reforms in governance, personnel, and incentives to stimulate high-quality development[23] - The company is committed to sustainable development, focusing on digital innovation, inclusive growth, and green low-carbon initiatives[24] Financial Position - Total assets as of June 30, 2022, amounted to RMB 1.91 trillion, an increase from RMB 1.84 trillion at the end of 2021[30] - As of June 30, 2022, total liabilities amounted to RMB 622,933 million, a decrease of 1.75% from RMB 631,035 million as of December 31, 2021[31] - The company's equity attributable to shareholders increased to RMB 1,283,466 million, up 6.4% from RMB 1,206,350 million at the end of 2021[31] - The total equity as of June 30, 2022, was RMB 1,287,448 million, reflecting a growth of 6.4% compared to RMB 1,210,292 million at the end of 2021[31] - The company maintained a stable financial condition with no interest-bearing debt, adhering to prudent financial risk management policies[90] Dividend and Shareholder Returns - The company declared an interim dividend of HKD 2.20 per share, up from HKD 1.63 in the previous year[5] - The company declared an interim dividend of HKD 2.20 per share for the six months ended June 30, 2022[116] - The company will withhold 10% corporate income tax on the interim dividend for non-resident corporate shareholders[118] - The interim dividend will be distributed to shareholders registered on the register of members as of September 13, 2022[117] Compliance and Governance - The company has established a comprehensive compliance management system to ensure high-quality development and risk control[24] - The company has complied with all provisions of the Corporate Governance Code during the six months ended June 30, 2022[113] - The audit committee reviewed the unaudited condensed consolidated interim financial information for the six months ended June 30, 2022[112]