2022-10-20 16:00Revenue and Profit - Revenue for Q3 2022 reached ¥117.62 billion, an increase of 7.9% year-over-year[3] - Net profit attributable to shareholders was ¥6.25 billion, reflecting a 12.0% increase compared to the same period last year[3] - Net profit excluding non-recurring items was ¥6.21 billion, a decrease of 1.6% year-over-year[3] - The company reported a revenue of RMB 357.843 billion for the first three quarters of 2022, representing a year-on-year growth of 9.6%[14] - Net profit attributable to shareholders was RMB 24.543 billion, a 5.2% increase year-on-year, with a basic earnings per share of RMB 0.27[14] - Total revenue for Q3 2022 reached CNY 31.83 billion, an increase of 4.4% compared to CNY 30.49 billion in Q3 2021[23] - Net profit for Q3 2022 was CNY 24.64 billion, up 5.1% from CNY 23.44 billion in the same period last year[23] - The total comprehensive income for Q3 2022 was CNY 25.01 billion, up from CNY 23.28 billion in Q3 2021, representing an increase of 7.4%[24] - The total comprehensive income for the first three quarters of 2022 was ¥23.70 billion, compared to ¥22.95 billion in the same period of 2021[32] Earnings and Cash Flow - Basic earnings per share for the quarter was ¥0.07, up 16.7% year-over-year[4] - Cash flow from operating activities for the first three quarters of 2022 was CNY 375.67 billion, compared to CNY 352.85 billion in the same period of 2021, marking an increase of 6.5%[25] - The net cash flow from operating activities for Q3 2022 was approximately ¥116.49 billion, compared to ¥120.81 billion in Q3 2021, reflecting a decrease of about 3%[27] - The net cash flow from operating activities for the first three quarters was ¥122.46 billion, an increase from ¥118.40 billion in the same period of 2021[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥784.60 billion, a 2.9% increase from the previous year[4] - Current assets totaled ¥161.44 billion as of September 30, 2022, up from ¥127.36 billion at the end of 2021, representing a growth of 26.8%[19] - Total liabilities amounted to ¥354.99 billion, an increase from ¥331.07 billion, indicating a rise of 7.2%[21] - The total assets reached approximately ¥751.40 billion in Q3 2022, compared to ¥731.74 billion in Q3 2021, indicating a growth of about 2.7%[29] - The total liabilities amounted to approximately ¥345.12 billion in Q3 2022, up from ¥322.60 billion in Q3 2021, which is an increase of around 7%[29] Research and Development - Research and development expenses surged to RMB 5.915 billion, reflecting a 101.4% increase year-on-year, driven by a focus on technological innovation[17] - Research and development expenses increased significantly to CNY 5.91 billion, a rise of 100.5% from CNY 2.94 billion in Q3 2021[22] - Research and development expenses increased significantly to ¥3.19 billion, a rise of 86.6% from ¥1.71 billion in the previous year[31] User Growth and Services - As of September 30, 2022, the total number of mobile users reached 389.89 million, an increase of 1.746 million users compared to the previous year[14] - The number of 5G package users reached 251.04 million, with a net increase of 63.24 million users, resulting in a penetration rate of 64.4%[15] - Revenue from fixed-line and smart home services was RMB 89.433 billion, showing a year-on-year growth of 4.6%[15] - The company’s digital industry revenue reached RMB 85.632 billion, with a comparable growth of 16.5% year-on-year[16] - The average revenue per user (ARPU) for mobile users was RMB 45.5, while the broadband ARPU reached RMB 46.6[15] Financial Guarantees - The company approved a guarantee plan for its subsidiaries with a total amount not exceeding RMB 182.85 million, valid until March 31, 2022[36] - In 2022, the company plans to provide guarantees totaling RMB 205.80 million for its subsidiaries, valid until March 31, 2023[36] - The company provided guarantees totaling RMB 22.22 million in the third quarter of 2022[38] - The financial company provided a performance guarantee of RMB 42.90 million for China Telecom Smart Technology, valid from July 15, 2022, to June 1, 2025[37]