中国电信拟大手笔分红84亿元 今年算力投资预增22%

Core Insights - China Telecom plans to distribute a substantial cash dividend of 8.483 billion yuan and increase its computing power investment by 22% in 2025 [1][2] Financial Performance - In 2024, China Telecom achieved operating revenue of 523.6 billion yuan, a year-on-year increase of 3.1%, with service revenue reaching 482 billion yuan, up 3.7% [1] - The net profit attributable to shareholders was 33 billion yuan, reflecting an 8.4% year-on-year growth, with basic earnings per share at 0.36 yuan [1] - Mobile communication service revenue amounted to 202.5 billion yuan, growing by 3.5%, while mobile value-added and application revenue surged by 16.1% [1] User Metrics - The mobile user base reached 425 million, with an average revenue per user (ARPU) of 45.6 yuan [1] - Fixed-line and smart home service revenue was 125.7 billion yuan, a 2.1% increase, with broadband users totaling 197 million and a broadband ARPU of 47.6 yuan [1] Digital and Cloud Services - The revenue from industrial digitalization reached 146.6 billion yuan, up 5.5%, accounting for 30.4% of service revenue, an increase of 0.5 percentage points [1] - In 2024, revenue from Tianyi Cloud was 113.9 billion yuan, a 17.1% increase, while IDC revenue grew by 7.3% to 33 billion yuan [2] - Security revenue increased by 17.2% to 16.2 billion yuan, and intelligent revenue skyrocketed by 195.7% to 8.9 billion yuan [2] Capital Expenditure and Dividend Policy - Capital expenditure for 2024 was 93.5 billion yuan, a decrease of 5.4%, with a projected further reduction to 83.6 billion yuan in 2025, down 10.6% [2] - The proposed cash dividend of 0.0927 yuan per share (including tax) totals 8.483 billion yuan, representing 72% of the net profit attributable to shareholders for 2024, with a year-on-year increase in total cash dividends of 11.4% [2]