2025-10-20 10:24Financial Performance - Operating revenue for the first three quarters of 2025 reached RMB 794.7 billion, a year-on-year increase of 0.4%[3] - Communication service revenue amounted to RMB 683.1 billion, reflecting a year-on-year growth of 0.8%[3] - EBITDA for the period was RMB 265.4 billion, with a year-on-year increase of 0.9%[3] - The company reported a net profit attributable to shareholders of RMB 115.4 billion, representing a year-on-year growth of 4.0%[4] - The EBITDA margin improved to 33.4%, compared to 33.2% in the previous year[4] - Communication service revenue reached RMB 683.1 billion, growing by 0.8% year-on-year, while sales of products and other revenues decreased by 1.7% to RMB 111.5 billion[14] - The group's net profit attributable to shareholders was RMB 115.4 billion, reflecting a year-on-year growth of 4.0%, with a profit margin of 14.5%[11] - EBITDA for the same period was RMB 265.4 billion, an increase of 0.9%, representing 38.8% of communication service revenue[11] Customer Metrics - The number of mobile customers reached 1.009 billion, with 5G network customers totaling 622 million[3] - The total number of fixed broadband customers reached 329 million, with a net increase of 14.2 million in the first three quarters[8] - The household broadband customer base reached 288 million, with a net increase of 9.76 million during the same period[8] - The average revenue per user (ARPU) for mobile services was RMB 48.0, down from RMB 49.5[5] Operational Efficiency - The group aims to position itself as a "world-class information service technology innovation company," focusing on deepening reforms and enhancing operational efficiency[11] - Network operation and support costs were RMB 205.1 billion, slightly down from RMB 206.3 billion in the previous year[14] - Employee compensation and related costs increased to RMB 117.2 billion from RMB 114.0 billion year-on-year[14] Assets and Liabilities - Total assets as of September 30, 2025, increased to RMB 2,109,124 million, compared to RMB 2,108,127 million as of December 31, 2024, reflecting a slight growth of 0.05%[18] - Non-current assets decreased from RMB 1,539,568 million in 2024 to RMB 1,601,345 million in 2025, with fixed assets specifically declining from RMB 714,494 million to RMB 672,651 million, a decrease of approximately 5.85%[18] - Current assets totaled RMB 507,779 million, down from RMB 568,559 million in the previous year, indicating a decrease of about 10.68%[18] - The company's total liabilities decreased from RMB 711,588 million in 2024 to RMB 704,171 million in 2025, a reduction of approximately 1.8%[21] - The equity attributable to shareholders increased to RMB 1,401,788 million, up from RMB 1,392,032 million, representing a growth of about 0.11%[21] Cash Flow and Investments - Operating cash flow for the nine months ended September 30, 2025, was RMB 161,047 million, compared to RMB 224,075 million for the same period in 2024, a decline of approximately 28.14%[23] - The company reported a net cash inflow from operating activities of RMB 197,727 million for the nine months ended September 30, 2025, down from RMB 258,591 million in the previous year, a decrease of approximately 23.50%[23] - Net cash outflow from investment activities was RMB 141,841 million for the nine months ended September 30, 2025, compared to RMB 127,014 million in the same period of 2024, representing an increase of 11.4%[26] - The company reported a decrease in cash and cash equivalents at the end of the period to RMB 97,619 million as of September 30, 2025, down from RMB 121,279 million at the end of September 30, 2024[28] Dividends and Financing - The company paid dividends to shareholders amounting to RMB 103,410 million for the nine months ended September 30, 2025, compared to RMB 97,458 million in the same period of 2024, reflecting a year-over-year increase of 6.5%[28] - The company reported a net cash outflow from financing activities of RMB 88,661 million for the nine months ended September 30, 2025, compared to RMB 117,323 million in the same period of 2024, indicating a decrease of 24.5%[28] Other Financial Metrics - Basic earnings per share rose to RMB 5.34 from RMB 5.18 year-on-year[16] - The total comprehensive income for the period was RMB 114.6 billion, compared to RMB 111.9 billion in the previous year[16] - Interest income from financial investments was RMB 7,851 million for the nine months ended September 30, 2025, compared to RMB 5,700 million in the same period of 2024, marking an increase of 37.7%[26] - The company disposed of financial assets measured at fair value, resulting in a gain of RMB 32,838 million for the nine months ended September 30, 2025, compared to RMB 41,597 million in the same period of 2024[26] - The cash received from the exercise of stock options was RMB 5,304 million for the nine months ended September 30, 2025, compared to RMB 4,051 million in the same period of 2024, showing an increase of 30.8%[28] - The company recorded a decrease in the statutory deposit reserve of RMB 1,034 million for the nine months ended September 30, 2025, compared to RMB 49 million in the same period of 2024[26]