中国电信(601728) - 2024 Q1 - 季度财报

Financial Performance - The total operating revenue for Q1 2024 was CNY 134.49 billion, representing a year-on-year increase of 3.7%[4] - The net profit attributable to shareholders was CNY 8.60 billion, reflecting a growth of 7.7% compared to the same period last year[4] - The basic earnings per share (EPS) for the quarter was CNY 0.09, which is a 7.7% increase year-on-year[4] - The company's revenue for Q1 2024 was RMB 134.495 billion, representing a year-on-year growth of 3.7%, while service revenue grew by 5.0% to RMB 124.347 billion[10] - Net profit attributable to shareholders for Q1 2024 was RMB 8.597 billion, an increase of 7.7% compared to the same period last year[10] - Operating profit increased to CNY 12.32 billion, a rise of 15.3% from CNY 10.68 billion in the same period last year[16] - The net profit for Q1 2024 was ¥8.06 billion, up 5.1% from ¥7.67 billion in Q1 2023[22] - The company's operating profit for Q1 2024 was ¥11.52 billion, an increase of 11.9% from ¥10.29 billion in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 27.9%, amounting to CNY 20.86 billion[4] - The company reported a decrease in financial expenses to CNY 144.37 million from CNY 294.18 million in Q1 2023, a reduction of 50.9%[16] - The net cash flow from operating activities decreased to CNY 27.83 billion in Q1 2024, down 18.06% from CNY 33.98 billion in Q1 2023[23] - The total cash and cash equivalents at the end of Q1 2024 amounted to CNY 48.33 billion, down from CNY 59.11 billion at the end of Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 848.81 billion, up 1.6% from the end of the previous year[4] - Total liabilities reached CNY 393.16 billion, up from CNY 388.65 billion year-over-year[14] - The company's cash and cash equivalents increased to CNY 19.09 billion, compared to CNY 19.00 billion in the previous quarter[14] - The total assets of the company were reported at ¥783.49 billion, an increase from ¥760.00 billion in the previous period[20] - The total equity of the company reached ¥425.64 billion, up 1.1% from ¥417.74 billion in the previous period[20] User Growth and Market Performance - As of March 31, 2024, the total number of mobile users reached 411.65 million, with a net increase of 3.88 million users in the first quarter[10] - The number of 5G package users reached 328.72 million, with a net increase of 10.06 million users in Q1 2024, achieving a penetration rate of 79.9%[10] - The total mobile internet traffic reached 2,033.38 million TB, up from 1,556.67 million TB in the same quarter last year[10] - The broadband user base reached 192.22 million, with a net increase of 2.06 million users in Q1 2024[10] Research and Development - Research and development expenses increased by 13.8% year-on-year to RMB 1.571 billion, reflecting the company's focus on strategic emerging industries[11] - Research and development expenses for Q1 2024 were CNY 1.57 billion, compared to CNY 1.38 billion in Q1 2023, reflecting a growth of 13.9%[16] - Research and development expenses increased to ¥1.05 billion, a rise of 19.9% from ¥873.92 million in Q1 2023[22] Government Support and Non-Recurring Items - The company received government subsidies totaling CNY 214.36 million, which are closely related to its normal business operations[5] - Non-recurring losses included a loss from the disposal of non-current assets amounting to CNY 1.35 billion[5] Shareholder Information - The equity attributable to shareholders increased to CNY 451.37 billion, marking a 1.9% rise from the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 293,614[7] - The company aims to increase cash dividends to over 75% of the profit attributable to shareholders over the next three years, starting from 2024[11] Guarantees and Commitments - The company provided guarantees totaling CNY 39.35 million for its subsidiaries, with a validity period until March 31, 2024[25] - As of the end of the reporting period, the total amount of external guarantees was CNY 33.92 million, accounting for 0.0076% of the company's audited net assets[27] - The company has not provided any guarantees to subsidiaries or third parties, and there are no overdue guarantees reported[27] - The company plans to provide additional guarantees totaling CNY 47.92 million for its subsidiaries, valid until March 31, 2025[25]