Financial Performance - The company achieved operating revenue of RMB 148,615 million, an increase of 5.6% compared to the previous year[3]. - Net profit reached RMB 3,584 million, growing by 6.7%, continuing to outpace revenue growth[3]. - Gross margin improved to 11.6%, up by 0.2 percentage points, marking two consecutive years of increase[3]. - Free cash flow remained healthy at RMB 4,333 million[3]. - The group’s operating revenue for the year ended December 31, 2023, was RMB 148,614,676, an increase of 5.0% from RMB 140,747,569 in 2022[32]. - The gross profit for the same period was RMB 17,257,250, up from RMB 15,981,651, reflecting a growth of 8.0%[32]. - The net profit attributable to shareholders for 2023 was RMB 3,584,391, representing an increase of 6.7% compared to RMB 3,359,555 in 2022[32]. - The basic earnings per share for the year was RMB 0.518, compared to RMB 0.485 in the previous year, indicating a growth of 6.8%[32]. - The company reported a total comprehensive income of RMB 3,831,304 for 2023, compared to RMB 3,264,396 in 2022, marking an increase of 17.3%[37]. Revenue Breakdown - Revenue from domestic telecommunications services grew by 4.7%, while revenue from non-telecom customer markets increased by 6.3%[3]. - Revenue from application, content, and other services surged by 16.8%, contributing significantly to overall revenue growth[3]. - The telecommunications infrastructure service revenue was RMB 76,137 million, up 4.4%, accounting for 51.2% of total operating revenue[7]. - Revenue from non-telecom customer markets reached RMB 63,433 million, growing by 6.3%, becoming a key driver of overall revenue growth[8]. - Revenue from domestic telecom operators reached RMB 81,726 million, reflecting a year-on-year growth of 4.7%[11]. - The overseas market revenue grew by 15.3% year-on-year, reaching RMB 3,456 million[11]. - Revenue from business process outsourcing services was RMB 43,551 million, with a year-on-year increase of 1.1%[74]. - Revenue from application, content, and other services reached RMB 28,927 million, marking a growth of 16.8%[74]. - Revenue from supply chain services reached RMB 13,372 million, reflecting a growth of 4.1% compared to the previous year[83]. Strategic Initiatives - The company is focusing on emergency safety, with stable growth in new contract value in this area, leveraging technologies like AI and IoT[16]. - The company invested in R&D for core products, producing 16 national standards and accumulating over 3,000 patents throughout the year[17]. - The company aims to enhance its brand power by focusing on differentiated and high-quality branding, successfully completing the 5G co-construction project with China Telecom and China Unicom, which won a national quality engineering gold award[20]. - The company is committed to digital transformation and has implemented a comprehensive digital management plan to improve operational efficiency and governance capabilities[21]. - The group aims to enhance its core competitiveness by focusing on digital infrastructure, smart city services, and innovative technology solutions[28]. - The group plans to strengthen traditional business efficiency while exploring new market opportunities and service trends[28]. Awards and Recognition - The company received 49 significant technology awards, maintaining its position as the fourth most competitive software and information technology service company for three consecutive years[17]. - The company ranked 98th in the "2023 Fortune China Top 500" and 1,499th in the "2023 Forbes Global 2000," also recognized as a "2023 Forbes China ESG Innovation Company"[26]. - The company has been included in the "Hang Seng Sustainable Development Corporate Index" for two consecutive years, reflecting its commitment to sustainable development[22]. - The company has been recognized for its governance structure and risk management, receiving multiple accolades in the "2023 Best Managed Teams" awards[26]. Dividend and Shareholder Information - The board proposed a final dividend of RMB 0.2174 per share, an increase of 12.1%, raising the payout ratio from 40% to 42%[3]. - The company proposed a final dividend of RMB 0.2174 per share for 2023, an increase from RMB 0.1939 per share in 2022, indicating a rise of approximately 12.5%[62]. - The dividend will be paid to shareholders registered on July 8, 2024, with a suspension of share transfer from July 3 to July 8, 2024[121]. - The company will withhold a 10% income tax on dividends paid to foreign non-resident corporate shareholders[124]. - The annual general meeting is scheduled for June 20, 2024, with a suspension of H-share transfer from June 17 to June 20, 2024[120]. Assets and Liabilities - As of December 31, 2023, total assets amounted to RMB 121,789,750 thousand, an increase from RMB 110,268,598 thousand in the previous year, representing a growth of approximately 10.4%[39]. - Current assets totaled RMB 96,952,996 thousand, up from RMB 84,203,229 thousand, indicating a year-over-year increase of about 15.8%[39]. - Total liabilities rose to RMB 78,122,049 thousand from RMB 68,644,673 thousand, marking an increase of around 13.5%[40]. - The equity attributable to shareholders increased to RMB 42,576,759 thousand from RMB 40,360,637 thousand, which is a growth of about 5.5%[40]. - The debt-to-asset ratio increased to 64.1% at the end of 2023, up 1.8 percentage points from 62.3% at the end of 2022[108]. Compliance and Governance - The company has complied with all provisions of the Corporate Governance Code as of December 31, 2023[118]. - The audit committee has reviewed the accounting principles and practices adopted by the group, discussing risk management and internal controls[116]. - The company confirmed compliance with the standards for securities transactions by directors and supervisors during the year[119]. - The company has adopted the Corporate Governance Code and relevant regulations as its basic guidelines for corporate governance[118].
中国通信服务(00552) - 2023 - 年度业绩