2023-04-20 16:00Financial Performance - The total operating revenue for Q1 2023 was CNY 129.75 billion, representing a year-on-year increase of 9.4%[4] - The net profit attributable to shareholders was CNY 7.98 billion, reflecting a growth of 10.5% compared to the same period last year[4] - The net cash flow from operating activities reached CNY 28.92 billion, with a slight increase of 2.3% year-on-year[4] - Basic earnings per share for the period were CNY 0.09, which is a 12.5% increase year-on-year[4] - The weighted average return on equity was 1.83%, an increase of 0.16 percentage points[4] - The total operating revenue for Q1 2023 reached ¥129.75 billion, a 9.2% increase from ¥118.58 billion in Q1 2022[19] - Net profit for Q1 2023 was ¥7.97 billion, compared to ¥7.26 billion in Q1 2022, representing a 9.7% increase[20] - The total profit for Q1 2023 was ¥10.29 billion, an increase from ¥9.32 billion in Q1 2022, reflecting a growth of 10.4%[19] - The total comprehensive income for Q1 2023 was ¥7.88 billion, compared to ¥7.05 billion in Q1 2022, showing an increase of 11.7%[20] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 823.66 billion, up 2.0% from the end of the previous year[5] - The equity attributable to shareholders was CNY 439.98 billion, showing an increase of 1.8% compared to the end of last year[5] - Current assets totaled RMB 163.52 billion, up from RMB 141.07 billion, reflecting a growth of about 15.9% year-over-year[16] - Total liabilities reached RMB 379.35 billion, up from RMB 371.27 billion, which is an increase of about 2.9%[17] - The total assets as of March 31, 2023, amounted to CNY 774.04 billion, compared to CNY 752.35 billion at the end of 2022, marking a growth of 2.9%[23] - The total liabilities increased to CNY 357.50 billion, up from CNY 343.63 billion at the end of 2022, representing a rise of 4.0%[23] - The company’s total liabilities and equity amounted to RMB 823.66 billion, consistent with the total assets reported[17] Shareholder Information - The company reported a total of 416,020 common shareholders at the end of the reporting period[9] - The largest shareholder, China Telecom Group, holds 63.90% of the shares, totaling approximately 58.48 billion shares[9] - The total number of shareholders reached 416,020, with 414,408 holding A shares and 1,612 holding H shares[10] User Growth and Services - The number of mobile users increased by 7.52 million, reaching a total of 399.87 million users[12] - The number of 5G package users grew by 15.25 million, totaling 282.1 million users, with a penetration rate of 71.0%[12] - The revenue from fixed-line and smart home services was RMB 31.14 billion, a year-on-year increase of 5.0%[14] Research and Development - The company's R&D expenses rose to RMB 1.38 billion, reflecting a 23.4% increase year-on-year, driven by enhanced technology innovation efforts[14] - Research and development expenses rose to ¥1.38 billion, an increase of 23.3% from ¥1.12 billion in the previous year[19] - Research and development expenses increased to CNY 873.92 million, a rise of 53% from CNY 571.23 million in Q1 2022[25] Cash Flow and Financing Activities - The company's cash and cash equivalents increased to RMB 79.65 billion from RMB 76.30 billion, marking a rise of approximately 3.1%[16] - The net cash flow from operating activities for Q1 2023 was RMB 33,979,528,344.91, compared to RMB 31,300,495,946.39 in Q1 2022, indicating an increase of approximately 8.6%[27] - The company reported cash inflow from investment activities of RMB 97,604,796.92, down from RMB 107,797,016.46 in the previous year[27] - The net cash flow from financing activities was RMB (8,952,557,754.95) in Q1 2023, compared to RMB (10,117,073,050.20) in Q1 2022, showing an improvement[27] Other Financial Metrics - The cost of sales for Q1 2023 was RMB 91.51 billion, an increase of 11.9% compared to the previous year[14] - The company experienced a significant fair value loss of ¥1.22 billion in Q1 2023, compared to a loss of ¥106 million in the same period last year[19] - The company’s financial expenses increased to ¥294 million, up from ¥195 million, representing a rise of 50.6% year-over-year[19] - The company’s investment income for Q1 2023 was CNY 520.24 million, compared to CNY 414.02 million in Q1 2022, showing an increase of 25.7%[25]