中国电信(00728) - 2025 Q1 - 季度业绩

Financial Performance - The operating revenue for Q1 2025 was RMB 135.5 billion, with service revenue at RMB 124.7 billion, representing a year-on-year growth of 0.3% and a quarter-on-quarter growth of 4.6%[10] - EBITDA reached RMB 36.7 billion, showing a year-on-year increase of 4.7%, with an EBITDA margin of 29.5%[10] - The profit attributable to shareholders was RMB 8.9 billion, reflecting a year-on-year growth of 3.1%[10] - The net profit for the three months ended March 31, 2025, was RMB 8,828 million, compared to RMB 8,628 million in the previous year, showing an increase of 2.3%[18] - The company reported a total comprehensive income of RMB 8,883 million for the period, up from RMB 8,479 million year-over-year, reflecting a growth of 4.8%[21] - For the three months ending March 31, 2025, the pre-tax profit was RMB 11,318 million, an increase from RMB 11,090 million in the same period of 2024, representing a growth of 2.1%[23] User Growth - The total number of mobile users reached 429.47 million, with a net increase of 4.95 million users during the quarter[8] - The number of 5G network users reached 266.21 million, with a net increase of 15.48 million users[8] - Mobile internet traffic increased by 14.2% year-on-year, reaching a total of 2,322.93 million TB[8] Revenue Segments - IDC revenue grew by 10.4% year-on-year, amounting to RMB 9.5 billion[11] - Smart revenue surged by 151.6% year-on-year, indicating strong growth in this segment[11] Expenses and Liabilities - The company’s operating expenses were RMB 124.7 billion, a decrease of 0.2% year-on-year, with a focus on cost control through AI[13] - Total liabilities decreased to RMB 393,022 million from RMB 410,073 million, marking a reduction of 4.2%[16] - The company’s total current liabilities were RMB 310,825 million, down from RMB 325,377 million, which is a decrease of 4.4%[16] Assets and Cash Flow - The total assets at the end of the reporting period were RMB 858.46 billion, a decrease of 0.9% compared to the previous year[7] - Total assets as of March 31, 2025, amounted to RMB 858,457 million, a decrease from RMB 866,625 million as of December 31, 2024, representing a decline of 0.2%[17] - Cash and cash equivalents decreased to RMB 52,811 million from RMB 82,207 million, indicating a decline of 35.7%[22] - Net cash generated from operating activities for the same period was RMB 10,327 million, down from RMB 20,317 million year-over-year, reflecting a decrease of 49.1%[22] Capital Expenditures and Depreciation - The company’s capital expenditures for the period were RMB 13,710 million, slightly down from RMB 14,711 million year-over-year, indicating a decrease of 6.8%[22] - Depreciation and amortization expenses increased to RMB 25,987 million from RMB 24,548 million, reflecting a rise of 5.9%[23] Other Financial Metrics - The company paid RMB 1,728 million in income taxes, which is an increase from RMB 1,191 million in the same period of 2024, representing a rise of 45.0%[23] - Interest income received was RMB 377 million, down from RMB 503 million in the previous year, a decrease of 25.0%[23] - The net loss from the disposal of long-term assets was RMB 1,146 million, compared to RMB 1,321 million in the previous year, showing an improvement of 13.3%[23] - Accounts receivable increased by RMB 21,787 million, slightly higher than the increase of RMB 21,553 million in 2024[23] - The company reported a decrease in contract liabilities of RMB 4,229 million, compared to a decrease of RMB 5,502 million in the same period last year[23] Cautionary Statements - The company cautioned investors regarding reliance on the unaudited financial data presented, emphasizing the need for careful consideration when trading its securities[24] - The board of directors highlighted that forward-looking statements regarding future strategies and operational plans are subject to known and unknown risks and uncertainties, which may lead to significant differences from actual performance[26]