中国电信(00728) - 2024 Q1 - 季度业绩

Financial Performance - The company's operating revenue for Q1 2024 was RMB 135.493 billion, an increase of 3.8% year-on-year, with service revenue reaching RMB 124.347 billion, up 5.0%[1][2][4] - Net profit attributable to shareholders was RMB 8.597 billion, reflecting a growth of 7.7% compared to the same period last year, with basic earnings per share at RMB 0.09[2][4] - The company reported an EBITDA of RMB 35.1 billion, a 3.6% increase year-on-year, with an EBITDA margin of 28.2%[4] - Operating revenue for the three months ended March 31, 2024, was RMB 135,493 million, an increase from RMB 130,588 million in the same period of 2023, representing a growth of 3.1%[10] - Net profit for the period was RMB 8,628 million, compared to RMB 7,972 million in the previous year, reflecting a year-over-year increase of 8.2%[10] User Growth - The total number of mobile users reached 411.65 million, with a net increase of 3.88 million users in Q1 2024[3][4] - The number of 5G package users increased by 10.06 million to 329.2 million, achieving a penetration rate of 79.9%[3][4] - Fixed broadband users totaled 192.22 million, with a net increase of 2.06 million users, while the smart home service revenue grew by 10.4%[5] Revenue Segments - The company's digital industry revenue reached RMB 38.679 billion, marking a 10.6% year-on-year growth[5] Operating Expenses - Operating expenses for Q1 2024 were RMB 124.941 billion, an increase of 3.6% year-on-year, with network operation costs rising by 6.6%[5] - The company’s gross operating expenses for the quarter were RMB 124,941 million, compared to RMB 120,586 million in the same period last year, an increase of 3.7%[10] Assets and Liabilities - Total assets as of March 31, 2024, amounted to RMB 848,806 million, up from RMB 835,814 million at the end of 2023, indicating a growth of 1.2%[9] - Current liabilities totaled RMB 309,402 million, slightly increased from RMB 303,436 million in the previous quarter, showing a rise of 2.3%[8] - The company reported a total equity of RMB 455,646 million, an increase from RMB 447,167 million, representing a growth of 1.1%[9] Cash Flow - Cash and cash equivalents decreased to RMB 71,553 million from RMB 81,046 million, a decline of 11.5%[7] - The net cash generated from operating activities for the three months ended March 31, 2024, was RMB 20,317 million, a decrease of 28.2% from RMB 28,215 million in the same period of 2023[13] - The net cash used in investing activities was RMB (20,293) million, compared to RMB (15,943) million in the same period of 2023, indicating an increase in investment outflows[13] - The net cash used in financing activities was RMB (9,522) million, slightly improved from RMB (9,977) million in the same period of 2023[13] - The cash and cash equivalents as of March 31, 2024, amounted to RMB 71,553 million, down from RMB 74,642 million as of March 31, 2023[13] Depreciation and Interest - Depreciation and amortization for the three months ended March 31, 2024, was RMB 24,548 million, an increase from RMB 23,872 million in the same period of 2023[14] - The company reported a net interest expense of RMB 591 million for the three months ended March 31, 2024, down from RMB 696 million in the same period of 2023[14] Losses and Future Outlook - The company experienced a net loss of RMB 1,321 million from the disposal of long-term assets for the three months ended March 31, 2024, compared to RMB 543 million in the same period of 2023[14] - The company anticipates future growth strategies and operational plans, although these forward-looking statements are subject to risks and uncertainties[16] - The board of directors emphasizes caution for investors when relying on the financial and business data provided, as they are unaudited figures[15]