CHINA TELECOM(SH:601728) Zheng Quan Shi Bao Wang·2025-03-25 11:15Core Insights - China Telecom achieved a net profit of 33 billion yuan in 2024, with service revenue growth driven by digitalization initiatives [1][4] - The company plans to increase cash dividends to over 75% of the annual profit for shareholders within three years [1] Financial Performance - Total revenue reached 523.6 billion yuan, a year-on-year increase of 3.1%, while service revenue was 482 billion yuan, up 3.7% [1] - Net profit rose by 8.4% to 33 billion yuan, with basic earnings per share at 0.36 yuan [1] - Capital expenditure decreased by 5.4% to 93.5 billion yuan [1] Business Segments - Mobile communication service revenue reached 202.5 billion yuan, growing by 3.5%, with mobile value-added and application revenue at 29.9 billion yuan, up 16.1% [2] - Fixed-line and smart home service revenue was 125.7 billion yuan, a 2.1% increase, with smart home business revenue at 22.1 billion yuan, growing by 16.8% [3] Digital Transformation - Digitalization revenue reached 146.6 billion yuan, a 5.5% increase, accounting for 30.4% of service revenue [4] - Tianyi Cloud revenue was 113.9 billion yuan, up 17.1%, while IDC revenue grew by 7.3% to 33 billion yuan [4] - The company launched new AI-driven applications and upgraded existing services to enhance customer experience [2][3] Industry Applications - China Telecom is advancing 5G applications and AI integration across various sectors, with over 45,000 industry application projects developed [5] - The company is actively involved in digital government initiatives, supporting over 1,000 local government digital transformation projects [5][6] International Expansion - International business revenue reached 16.9 billion yuan, growing by 15.4%, with significant expansion in Southeast Asia and the Middle East [6] - The company is focusing on integrating global cloud network resources and enhancing international service offerings [6]