China Telecom Corporation Limited
(A joint stock limited company incorporated in the People's Republic of China with limited liability)

Financial Highlights       

Full Year

Year ended 31 December (RMB million)

2019 2020 2021 Operating Revenue 375,734 393,561 439,552 Service Revenue 357,610 373,798 402,827 Operating Profit 29,070 28,640 30,947 EBITDA 117,215 118,880 123,912 EBITDA Margin 32.8% 31.8% 30.8% Net Profit 20,517 20,850 25,948 Please refer to the notes of the audited financial statements included in the Company's annual report for the related accounting policy. Service Revenue = Operating Revenue - Sales of Mobile Terminals - Sales of Wireline Equipment - Other Non-Service Revenue EBITDA Margin = EBITDA / Service Revenue Net Profit for 2021 included the one-off after-tax gain from the disposal of E-surfing Pay and China Telecom Leasing Corporation Limited of RMB1,416Mil

Half Year (IFRS)

For the half year from 1 January to 30 June (RMB Million)

2020/1H 2021/1H 2022/1H Operating Revenue 193,803 219,237 242,319 Service Revenue 187,110 203,502 221,384 Operating Profit 18,978 21,251 23,113 EBITDA 63,154 66,348 69,848 EBITDA Margin 33.8% 32.6% 31.6% Net Profit 13,949 17,743 18,291 Service Revenue = Operating Revenue - Sales of Mobile Terminals - Sales of Wireline Equipment - Other Non-Service Revenue EBITDA Margin = EBITDA / Service Revenue Net Profit for the first half of 2021 included the one-off after-tax gain from the disposal of E-surfing Pay and China Telecom Leasing Corporation Limited of RMB1,416Mil

Quarterly (IFRS)

Selected Quarterly Unaudited Key Performance Indicators

2020/Q4 2021/Q1 2021/Q2 2021/Q3 2021/Q4 2022/Q1 2022/Q2 2022/Q3 Operating Revenue (RMB Million) 100,947 106,873 112,364 110,004 110,311 119,629 122,690 118,663 Service Revenue (RMB Million) 92,930 100,078 103,424 100,769 98,556 110,024 111,360 107,217 26,670 31,052 35,296 30,000 27,564 32,361 37,487 30,610 2,144 6,441 11,302 5,584 2,621 7,223 11,068 6,252 Service Revenue = Operating Revenue - Sales of Mobile Terminals - Sales of Wireline Equipment - Other Non-Service Revenue Net Profit for the second quarter of 2021 included the one-off after-tax gain from the disposal of E-surfing Pay and China Telecom Leasing Corporation Limited of RMB1,416Mil

updated 21st October, 2022

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