Jing Ji Guan Cha Bao·2025-08-15 03:08Core Insights - China Telecom reported a revenue of 271.5 billion yuan for the first half of 2025, a year-on-year increase of 1.3% [2] - The company achieved a net profit of 23 billion yuan, reflecting a growth of 5.5% compared to the previous year [2] - The company is focusing on innovation-driven development, integrating basic and emerging businesses [2] Financial Performance - Service revenue reached 249.1 billion yuan, up 1.2% year-on-year [2] - EBITDA was reported at 80.6 billion yuan, marking a 4.9% increase [2] - Capital expenditure totaled 34.2 billion yuan, while free cash flow increased by 13.9% to 13.1 billion yuan [2] Business Segments - Mobile communication service revenue was 106.6 billion yuan, growing by 1.3% [2] - Fixed-line and smart home service revenue reached 64.1 billion yuan, with a modest growth of 0.2% [2] - Key emerging product revenues showed significant growth: Tianyi Cloud at 57.3 billion yuan, smart revenue at 6.3 billion yuan (up 89.4%), security revenue at 9.1 billion yuan (up 18.2%), and satellite revenue at 2.05 billion yuan (up 20.5%) [2] Strategic Initiatives - China Telecom is building an intelligent cloud system centered around its core technology "Xirang," providing integrated smart cloud services [2] - The company is enhancing its IaaS, PaaS, DaaS, MaaS, and SaaS offerings to meet diverse customer needs [3] - The company is committed to AI technology empowerment, developing over 160 AI applications across 21 key areas [3] Shareholder Returns - China Telecom plans to distribute an interim dividend of 0.1812 yuan per share, an increase of 8.4% year-on-year [4] - The company emphasizes shareholder returns and market value growth while enhancing profitability and cash flow generation [4] Industry Context - The company is positioned to leverage the ongoing technological revolution, particularly in AI and quantum technology, to drive its strategic transformation [4] - Competitors such as China Mobile and China Unicom also reported their mid-year results, indicating a competitive landscape in the telecommunications sector [4]