2023-03-22 16:00Dividend Distribution - The proposed cash dividend for 2022 is RMB 0.076 per share, totaling RMB 6.955 billion, which represents 65% of the net profit attributable to shareholders for the year[4]. - The total number of shares for dividend distribution is based on 91.507 billion shares[4]. - The company plans to gradually increase cash dividends to over 70% of the net profit attributable to shareholders within three years after the A-share listing[4]. - The company reported a total dividend of RMB 17.935 billion for the entire year, including an interim dividend of RMB 0.120 per share[4]. - The total dividend payout represented 65% of the company's net profit attributable to shareholders for the year[29]. - The company proposed a final dividend of RMB 0.076 per share (before tax), in addition to an interim dividend of RMB 0.120 per share, totaling RMB 0.196 per share for the year[29]. Financial Performance - The company's operating revenue for 2022 was approximately CNY 474.97 billion, representing a 9.4% increase from CNY 434.16 billion in 2021[20]. - Net profit attributable to shareholders for 2022 was approximately CNY 27.59 billion, up 6.3% from CNY 25.95 billion in 2021[20]. - The net cash flow from operating activities for 2022 was approximately CNY 137.22 billion, a decrease of 1.4% compared to CNY 139.19 billion in 2021[20]. - The total assets at the end of 2022 were approximately CNY 807.70 billion, reflecting a 6.0% increase from CNY 762.25 billion at the end of 2021[20]. - The net assets attributable to shareholders at the end of 2022 were approximately CNY 432.09 billion, a slight increase of 0.8% from CNY 428.69 billion at the end of 2021[20]. - Basic earnings per share for 2022 were CNY 0.30, down 3.2% from CNY 0.31 in 2021[21]. - The weighted average return on equity for 2022 was 6.4%, a decrease of 0.3 percentage points from 6.7% in 2021[21]. Operational Highlights - The company plans to continue expanding its market presence and investing in new technologies, including AI and IoT[22]. - The company reported a decrease in net profit margin due to increased operational costs and competitive pressures in the telecommunications sector[22]. - The company is focusing on enhancing its service offerings and exploring potential mergers and acquisitions to drive growth[22]. - In 2022, the company's total revenue reached RMB 475 billion, representing a year-on-year growth of 9.4%[29]. - Service revenue amounted to RMB 434.9 billion, with an 8.0% increase year-on-year, and an adjusted growth rate of 8.1% after excluding the impact of the 2021 subsidiary sale[29]. - Capital expenditures for the year totaled RMB 92.5 billion[29]. Technology and Innovation - The company fully implemented its cloud transformation strategy, enhancing its digital supply capabilities and aiming for high-quality development[29]. - The company launched a series of core technologies including TeleCloudOS 4.0 and TeleDB, enhancing its cloud computing capabilities[44]. - The company is focused on enhancing its security capabilities, establishing a comprehensive security product system to improve cybersecurity measures[50]. - The company has achieved a 1.4 times increase in domestic invention patent applications and a 2 times increase in PCT patent applications compared to the same period last year[49]. Environmental and Social Responsibility - The company reduced greenhouse gas emissions by over 13 million tons in 2022, with a 20.6% year-on-year decrease in emissions per unit of information flow[36]. - The company has committed to a share lock-up period of 36 months from the date of A-share listing, which is being adhered to by the controlling shareholder[144]. - The company has made a long-term commitment to avoid competition with its controlling shareholder and to regulate and reduce related party transactions[144]. - The company has established 198,000 digital villages nationwide, promoting the integration of modern information technology with agriculture and rural development[142]. Governance and Compliance - The company has implemented a dual-layer governance structure to ensure effective decision-making and oversight, with 2 shareholder meetings and 11 board meetings held in 2022[91]. - The company emphasizes transparency in information disclosure, regularly reporting user data such as fixed-line, mobile, and broadband subscribers to enhance communication with the capital market[92]. - The company maintained independence from its controlling shareholder, with no reported interference in management activities[94]. - The company has not reported any significant deficiencies in internal control during the reporting period[133]. Market Expansion and Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[102]. - Future guidance indicates a projected revenue growth of 12% for the next fiscal year[102]. - The company anticipates a recovery in the overall economy in 2023, driven by effective demand and supportive policies[83]. - The company plans to enhance its technology innovation and product development to address market competition and meet customer needs, particularly in 5G commercialization and supply chain improvements[88].