中国电信(00728) - 2023 Q3 - 季度业绩

Financial Performance - For the first three quarters of 2023, the company's operating revenue reached RMB 384.25 billion, an increase of 6.4% year-on-year, with service revenue also growing by 6.4% to RMB 349.74 billion[1][2][4]. - The company's EBITDA for the same period was RMB 105.65 billion, reflecting a growth of 5.2% compared to the previous year, resulting in an EBITDA margin of 30.2%[1][4][5]. - Net profit attributable to shareholders was RMB 27.10 billion, marking a 10.4% increase year-on-year, with basic earnings per share at RMB 0.30[1][2][4]. - The company reported a net profit of RMB 27,143 million for the nine months ended September 30, 2023, compared to RMB 24,637 million for the same period in 2022, marking an increase of about 10.2%[10]. - Basic and diluted earnings per share for the nine months ended September 30, 2023, were both RMB 0.30, up from RMB 0.27 in the same period of 2022, representing an increase of approximately 11.1%[10]. - The pre-tax profit for the nine months ended September 30, 2023, was RMB 35,014 million, up 10% from RMB 31,831 million in the same period of 2022[12]. User Growth - The total number of mobile users reached approximately 406.1 million, with a net increase of 14.63 million users during the period[3][4]. - The number of 5G package users increased by 39.65 million, totaling approximately 308.1 million users, achieving a penetration rate of 75.8%[3][4]. - Fixed broadband users reached 189.26 million, with a net increase of 83.6 million users, while the average revenue per user (ARPU) for broadband services was RMB 47.8[3][6]. Digitalization and Strategy - The company's digitalization business revenue grew by 16.5% year-on-year, reaching RMB 99.74 billion, driven by cloud, AI, and platform integration[6]. - The company plans to continue implementing its cloud transformation strategy and enhance its core competitiveness in the digital economy[6]. - The company expects to continue its strategic investments in new technologies and market expansion, although specific financial guidance was not provided[13]. - The company emphasizes the importance of cautious investment decisions due to potential risks and uncertainties affecting future performance[13]. Financial Position - Net cash and cash equivalents as of September 30, 2023, amounted to RMB 82,445 million, up from RMB 72,465 million at the end of 2022, indicating a growth of about 13.7%[8]. - Total assets as of September 30, 2023, were RMB 835,598 million, compared to RMB 807,698 million at the end of 2022, reflecting an increase of approximately 3.5%[8]. - Total liabilities as of September 30, 2023, were RMB 391,932 million, an increase from RMB 371,271 million at the end of 2022, indicating a growth of about 5.5%[8]. - The company’s total non-current assets decreased to RMB 652,681 million as of September 30, 2023, from RMB 666,626 million at the end of 2022, a decline of approximately 2.1%[7]. - The company’s total current liabilities increased to RMB 311,267 million as of September 30, 2023, compared to RMB 281,737 million at the end of 2022, reflecting an increase of about 10.5%[8]. - The company’s total equity as of September 30, 2023, was RMB 443,666 million, compared to RMB 436,427 million at the end of 2022, indicating an increase of about 1.6%[8]. Cash Flow and Investments - For the nine months ended September 30, 2023, the net cash generated from operating activities was RMB 112,330 million, a decrease of 3% from RMB 116,018 million in the same period of 2022[11]. - The company’s cash flow from operating activities for the nine months ended September 30, 2023, was RMB 114,597 million, compared to RMB 118,116 million in the same period of 2022[12]. - The net cash used in investing activities was RMB 61,612 million, a decrease of 9% from RMB 68,057 million in the same period of 2022[11]. - The net cash used in financing activities was RMB 40,791 million, a slight decrease from RMB 42,314 million in the same period of 2022[11]. - The company reported an increase in accounts receivable by RMB 32,166 million for the nine months ended September 30, 2023, compared to an increase of RMB 19,654 million in the same period of 2022[12]. - The company’s capital expenditures for the nine months ended September 30, 2023, were RMB 60,564 million, slightly up from RMB 60,251 million in the same period of 2022[11].