2023-03-23 08:30Financial Performance - The total operating revenue reached RMB 937.3 billion, an increase of 10.5% year-on-year; among which, communication service revenue was RMB 812.1 billion, growing by 8.1%[6] - The profit attributable to shareholders was RMB 125.5 billion, reflecting an 8.0% year-on-year growth[12] - EBITDA was RMB 329.2 billion, an increase of 5.8% year-on-year, with EBITDA accounting for 40.5% of communication service revenue[12] - The company's net profit attributable to shareholders reached RMB 125.5 billion, an increase of 8.0% year-on-year, with earnings per share at RMB 5.88[43] - The company reported a net profit for the year of RMB 125,594 million, compared to RMB 116,306 million in the previous year, indicating an increase of approximately 8.8%[96] - The total comprehensive income for the year was RMB 126,853 million, an increase from RMB 114,663 million in 2021[96] Customer Base and Market Growth - The mobile customer base reached 975 million, with 5G package customers numbering 614 million; mobile ARPU increased by 0.4% to RMB 49.0[12] - The number of fixed broadband customers was 272 million, with 244 million being household broadband customers; household customer ARPU grew by 5.8% to RMB 42.1[12] - Revenue from the personal market reached RMB 488.8 billion, growing 1.1% year-on-year, with mobile customers increasing by 18.11 million, the highest net increase in three years[46] - The number of 5G package customers reached 614 million, with a net increase of 22.7 million customers[46] - The household market revenue reached RMB 116.6 billion in 2022, with a year-on-year growth of 16.0%[48] - The revenue from the enterprise market reached RMB 168.2 billion, growing by 22.6% year-on-year, with 23.2 million enterprise customers, an increase of 4.37 million[50] Digital Transformation and Innovation - Digital transformation revenue amounted to RMB 207.6 billion, a year-on-year increase of 30.3%, accounting for 25.6% of communication service revenue; mobile cloud revenue was RMB 50.3 billion, growing by 108.1%[12] - The company is focusing on building a high-quality information service supply system to capture the benefits of the booming digital economy[10] - The company is focusing on new product development in areas such as cloud gaming and 5G ultra-high-definition video services to enhance market value[46] - The company has established a new generation of artificial intelligence open innovation platform, receiving approval from the Ministry of Science and Technology[31] - The company has achieved breakthroughs in core technologies in fields such as basic chips and IoT operating systems, forming multiple domestically produced autonomous products[31] - The company has launched five key products in the public market, including mobile cloud disks and cloud gaming, enhancing its computing power applications[27] Investment and R&D - The company achieved a total investment of RMB 96 billion in 5G network construction in 2022, with a cumulative total of 1.285 million 5G base stations opened, serving 330 million 5G network customers[26] - The company’s R&D investment reached RMB 21.7 billion in the past year, representing a year-on-year growth of 17.0%[31] - The company has led the establishment of 197 international 5G standards and applied for over 4,100 5G patents, maintaining a leading position globally in the telecommunications industry[31] Shareholder Returns and Dividends - The board proposed a full-year dividend payout ratio of 67%, with a final dividend of HKD 2.21 per share, totaling HKD 4.41 per share for the year, an increase of 8.6% year-on-year[15] - The company aims to enhance shareholder value by distributing over 70% of the profit attributable to shareholders in cash for 2023[8] - The total interim dividend declared and paid for 2022 was RMB 42,243 million, compared to RMB 27,669 million in 2021, reflecting a significant increase[142] - The proposed final dividend for 2022 is RMB 42,182 million, slightly down from RMB 42,443 million in 2021[142] Environmental and Social Responsibility - The company is committed to improving its ESG management level, integrating environmental, social, and governance factors into its daily operations[65] - The company has saved 1.41 billion sheets of paper through its "5G e-signature" service, promoting green operations and sustainability[88] - The company is actively participating in ecological protection projects, enhancing the stability and sustainability of ecological systems through data collection and analysis[88] - The company continues to innovate in environmental governance and ecological protection solutions as part of its "C2 Carbon Peak and Carbon Neutrality Action Plan"[88] Financial Position and Liabilities - Total liabilities as of December 31, 2022, were RMB 634,115 million, slightly up from RMB 631,035 million in 2021, indicating a marginal increase of 0.2%[75] - The equity attributable to the company's shareholders increased to RMB 1,297,348 million in 2022 from RMB 1,206,350 million in 2021, representing a growth of 7.6%[75] - The company reported a decrease in total current liabilities from RMB 582,148 million in 2021 to RMB 533,337 million in 2022, a reduction of 8.4%[75] - The company’s total assets increased to RMB 1,935,538 million as of December 31, 2022, compared to RMB 1,841,327 million in 2021, representing a growth of 5.1%[98] Corporate Governance and Compliance - The company has fully complied with the Corporate Governance Code as per the Hong Kong Listing Rules during the reporting period[161] - The board of directors consists of four executive directors and four independent non-executive directors as of the announcement date[168] - The company will not update forward-looking statements made in the report, which involve known and unknown risks and uncertainties[153]