Financial Summary
(Amounts in millions, except per share data)
 |
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Year ended 31 December |
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2023 |
2022 |
2021 |
2020 |
2019 |
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|
RMB |
RMB |
RMB |
RMB |
RMB |
|
|
(restated) |
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|
|
|
|
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|
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|
Results of operation |
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Operating revenues |
513,551 |
481,448 |
439,553 |
393,561 |
375,734 |
|
Depreciation and amortisation |
(99,702) |
(96,932) |
(92,966) |
(90,240) |
(88,145) |
|
Network operations and support |
(160,411) |
(147,589) |
(133,340) |
(119,517) |
(109,799) |
|
Selling, general and administrative |
(66,804) |
(64,277) |
(61,154) |
(55,059) |
(57,361) |
|
Personnel expenses |
(92,805) |
(84,772) |
(76,057) |
(65,989) |
(63,567) |
|
Other operating expenses |
(56,701) |
(54,451) |
(45,088) |
(29,074) |
(27,792) |
|
Impairment loss on property, plant |
— |
— |
— |
(5,042) |
— |
|
|
|
|
|
|
|
|
Operating expenses |
(476,423) |
(448,021) |
(408,605) |
(364,921) |
(346,664) |
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|
|
|
|
|
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Operating profit |
37,128 |
33,427 |
30,948 |
28,640 |
29,070 |
|
Net finance costs |
(332) |
(7) |
(1,293) |
(3,014) |
(3,639) |
|
Investment income and others |
292 |
243 |
2,244 |
60 |
30 |
|
Share of profits of associates and joint |
2,116 |
2,051 |
1,966 |
1,701 |
1,573 |
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|
|
|
|
|
|
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Profit before taxation |
39,204 |
35,714 |
33,865 |
27,387 |
27,034 |
|
Income tax |
(8,776) |
(8,038) |
(7,716) |
(6,307) |
(6,322) |
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|
|
|
|
|
|
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Profit for the year |
30,428 |
27,676 |
26,149 |
21,080 |
20,712 |
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|
|
|
|
|
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Other comprehensive income for |
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Items that will not be reclassified |
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Change in fair value of investments |
511 |
(222) |
20 |
(385) |
604 |
|
Deferred tax on change in fair value |
(135) |
50 |
(15) |
97 |
(147) |
|
Items that may be reclassified |
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Exchange difference on translation of |
63 |
712 |
(233) |
(312) |
102 |
|
Share of other comprehensive |
2 |
— |
— |
(4) |
(2) |
|
|
|
|
|
|
|
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Other comprehensive income for |
441 |
540 |
(228) |
(604) |
557 |
|
|
|
|
|
|
|
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Total comprehensive income for |
30,869 |
28,216 |
25,921 |
20,476 |
21,269 |
|
|
|
|
|
|
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Profit attributable to |
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Equity holders of the Company |
30,446 |
27,593 |
25,949 |
20,850 |
20,517 |
|
Non-controlling interests |
(18) |
83 |
200 |
230 |
195 |
|
|
|
|
|
|
|
|
Profit for the year |
30,428 |
27,676 |
26,149 |
21,080 |
20,712 |
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|
|
|
|
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Total comprehensive income |
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Equity shareholders of the Company |
30,887 |
28,133 |
25,721 |
20,244 |
21,074 |
|
Non-controlling interests |
(18) |
83 |
200 |
232 |
195 |
|
|
|
|
|
|
|
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Total comprehensive income for |
30,869 |
28,216 |
25,921 |
20,476 |
21,269 |
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|
|
|
|
|
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Basic earnings per share (RMB) |
0.33 |
0.30 |
0.31 |
0.26 |
0.25 |
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|
|
|
|
|
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Diluted earnings per share (RMB) |
0.33 |
0.30 |
0.31 |
0.26 |
0.25 |
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As at 31 December of the year |
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|
2023 |
2022 |
2021 |
2020 |
2019 |
|
|
RMB |
RMB |
RMB |
RMB |
RMB |
|
|
(restated) |
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Financial condition |
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Property, plant and equipment, net |
409,943 |
413,963 |
415,981 |
418,605 |
410,008 |
|
Construction in progress |
72,238 |
58,443 |
51,457 |
48,425 |
59,206 |
|
Other non-current assets |
185,770 |
194,220 |
167,438 |
164,050 |
160,735 |
|
Cash and bank deposits |
91,851 |
76,300 |
75,213 |
33,092 |
24,419 |
|
Other current assets |
76,012 |
64,772 |
52,150 |
50,924 |
48,763 |
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|
|
|
|
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Total assets |
835,814 |
807,698 |
762,239 |
715,096 |
703,131 |
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Current liabilities |
303,436 |
281,737 |
265,071 |
271,142 |
264,661 |
|
Non-current liabilities |
85,211 |
89,534 |
65,995 |
77,779 |
83,430 |
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|
|
|
|
|
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Total liabilities |
388,647 |
371,271 |
331,066 |
348,921 |
348,091 |
|
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|
|
|
|
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Total equity attributable to equity |
442,926 |
432,089 |
428,678 |
363,456 |
352,510 |
|
Non-controlling interests |
4,241 |
4,338 |
2,495 |
2,719 |
2,530 |
|
|
|
|
|
|
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Total equity |
447,167 |
436,427 |
431,173 |
366,175 |
355,040 |
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|
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Total liabilities and equity |
835,814 |
807,698 |
762,239 |
715,096 |
703,131 |
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