CHINA TELECOM(601728) 搜狐财经·2025-03-28 23:00Core Viewpoint - China Telecom reported a revenue increase of 3.1% year-on-year for 2024, with a total revenue of 523.57 billion yuan, indicating stable growth in the telecommunications sector [1][2]. Performance Disclosure Highlights - The company's total revenue for 2024 was 523.57 billion yuan, up 3.1% year-on-year [1][2]. - Net profit attributable to shareholders was 33.01 billion yuan, an increase of 8.4% year-on-year [2]. - The fourth quarter of 2024 saw a single-quarter revenue of 131.60 billion yuan, up 3.84% year-on-year, while net profit for the quarter was 3.71 billion yuan, up 11.01% year-on-year [1]. - The company reported a debt ratio of 47.32% and investment income of 2.63 billion yuan [1]. Dividend and Shareholder Information - The company declared a total dividend of 0.2598 yuan per share for 2024, which is an increase of 11.4% year-on-year [2][3]. - The cash distribution to shareholders accounted for 72% of the net profit attributable to shareholders for the year [2]. Corporate Governance and Management Changes - The eighth board of directors approved multiple resolutions, including the financial settlement report and profit distribution plan for 2024 [3]. - Liu Ying was appointed as the executive vice president of the company, bringing extensive management and telecommunications industry experience [3]. Related Transactions - The company signed a five-year related transaction agreement with China Tower Corporation, with a transaction amount of 13.15 billion yuan for 2024 [3]. Internal Control Assessment - The internal control evaluation report for 2024 indicated that the company had no significant deficiencies in financial reporting internal controls [3].