Xuan Gu Bao·2025-03-25 09:44Core Insights - China Telecom reported a revenue of 529.4 billion yuan for 2024, representing a year-on-year growth of 3.1% [1] - The company achieved a net profit of 33 billion yuan, up 8.4% year-on-year, with an EBITDA of 140.8 billion yuan, reflecting a growth of 2.9% [1] - The strategic focus on AI and quantum technology is highlighted as a key area for future growth [4][5] Revenue Performance - Operating revenue reached 529.4 billion yuan, with service revenue at 482 billion yuan, marking a growth of 3.7% [1] - Mobile communication service revenue was 202.5 billion yuan, up 3.5%, while mobile value-added and application revenue grew by 16.1% [3] - The digital industry revenue increased by 5.5%, contributing to 30.4% of service revenue [3] Emerging Business Growth - Tianyi Cloud revenue reached 113.9 billion yuan, growing by 17.1% [3] - Intelligent revenue surged by 195.7% to 8.9 billion yuan, indicating strong potential in AI business [3] - Security revenue increased by 17.2% to 16.2 billion yuan, and video network revenue grew by 40.1% [3] Capital Expenditure and Cash Flow - Capital expenditure for 2024 was 93.5 billion yuan, down 5.4% year-on-year [2] - Free cash flow reached 22.2 billion yuan, reflecting a significant increase of 70.7% [2][8] - The company plans to gradually increase the cash dividend payout ratio to over 75% within three years [2][8] Strategic Focus on AI and Quantum Technology - The company has established a comprehensive AI strategy, launching over 50 industry models and serving more than 10,000 clients [4] - In quantum technology, China Telecom is advancing quantum security infrastructure and has developed a new password system [5] - The intelligent computing resources reached 62 EFLOPS, enhancing competitiveness in the intelligent computing sector [6] Infrastructure Development - The company is enhancing digital infrastructure, with 5G base stations totaling 1.375 million, achieving nationwide coverage [7] - The deployment of 10G PON ports reached 9.29 million, with urban residential coverage exceeding 95% [7] - The company is committed to green development, reducing carbon emissions by 19.2% year-on-year [7][8]