2022-04-20 09:28Financial Performance - Operating revenue for the first quarter of 2022 reached RMB 119,629 million, representing an increase of 11.94% compared to the same period last year[3] - Profit attributable to shareholders for the first quarter was RMB 7,223 million, reflecting a growth of 12.14% year-on-year[3] - The company's operating revenue for Q1 2022 was RMB 119.629 billion, an increase of 11.9% year-on-year, with service revenue reaching RMB 110.024 billion, up 9.9% year-on-year[10] - The net profit attributable to shareholders was RMB 7.223 billion, a year-on-year increase of 12.1%, with basic earnings per share of RMB 0.08[10] - Net profit for the period was RMB 7,264 million, representing a growth of 11.7% from RMB 6,504 million in the previous year[21] - The pre-tax profit for the three months ended March 31, 2022, was RMB 9,325 million, an increase from RMB 8,393 million in the same period of 2021, representing an increase of 11.1%[25] User Growth - The number of mobile users reached 37,954 thousand, with a net increase of 711 thousand during the quarter[8] - The number of 5G package users surged to 21,075 thousand, with a net increase of 2,295 thousand in the first quarter[8] - Mobile communication service revenue for Q1 2022 was RMB 49.014 billion, a year-on-year increase of 5.0%, with a net increase of 7.11 million mobile users, reaching approximately 380 million[10] - The number of 5G package users increased by 22.95 million, totaling approximately 211 million, with a penetration rate of 55.5%[10] - The number of broadband users reached 17,311 thousand, with a net increase of 340 thousand[8] Assets and Liabilities - Total assets as of March 31, 2022, amounted to RMB 768,146 million, a slight increase of 0.78% from the end of the previous year[3] - The total liabilities decreased to RMB 329,923 million as of March 31, 2022, from RMB 331,066 million at the end of 2021, showing a reduction of 0.3%[18] - The company’s non-current assets totaled RMB 628,749 million, a slight decrease from RMB 634,874 million at the end of 2021, reflecting a decline of 0.8%[17] - The company’s net current liabilities improved to RMB (127,736) million as of March 31, 2022, compared to RMB (137,712) million at the end of 2021, indicating a positive change[18] Cash Flow and Financial Costs - Cash generated from operating activities was RMB 27,613 million, up from RMB 26,766 million in the same period last year, indicating a growth of 3.2%[22] - Operating cash flow generated was RMB 27,613 million for the three months ended March 31, 2022, compared to RMB 26,766 million for the same period in 2021, reflecting a growth of 3.2%[25] - The company reported a significant decrease in net financial costs to RMB 0.195 billion, down 64.2% year-on-year, due to improved operational performance and cash flow[11] - Interest income decreased to RMB 322 million, while interest expenses increased to RMB 515 million, impacting net financial performance[25] Operational Efficiency and Strategy - Operating expenses for Q1 2022 were RMB 110.517 billion, an increase of 12.4% year-on-year, primarily due to network operation and support costs[11] - The company plans to continue its "cloud transformation" strategy, focusing on customer-centric comprehensive intelligent information products and services[12] - The company aims to enhance its green operational capabilities and contribute to social responsibility, including rural revitalization and industry upgrades[13] - The company reported a significant increase in cash flow from operating activities, highlighting strong operational efficiency[25] Shareholder Information - Shareholders' equity attributable to the company was RMB 435,688 million, an increase of 1.64% from the previous year-end[3] - The total number of shareholders as of the report date was 745,225, including 743,588 A-share shareholders and 1,637 H-share shareholders[4]