China Telecom Corp. Ltd. (601728.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	513.0B	523.9B	523.6B	507.8B	475.0B
Cost of Revenue	367.7B	371.6B	373.5B	361.4B	339.9B
Gross Profit	145.3B	152.4B	150.1B	146.4B	135.0B
Operating Expenses
R&D Expense	16.0B	15.6B	14.5B	13.1B	10.6B
SG&A Expense	20.5B	—	—	—	—
General & Admin Expense	28.1B	36.4B	37.1B	35.7B	33.6B
Selling & Marketing Expense	41.4B	53.9B	55.5B	56.1B	53.8B
Other Expenses	931.6M	—	—	—	—
Total Operating Expenses	108.8B	108.6B	109.5B	107.1B	99.6B
Cost and Expenses	476.5B	480.2B	483.0B	468.5B	439.5B
Operating Income (EBIT)	38.9B	45.9B	42.6B	42.6B	41.3B
Non-Operating
Interest Income	550.0M	—	—	—	—
Interest Expense	409.1M	—	—	—	—
Net Interest Income	140.9M	—	—	—	—
Other Non-Op Income/Expense	2.5B	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	38.8B	42.7B	42.2B	39.2B	35.7B
Income Tax Expense	9.1B	9.5B	9.2B	8.8B	8.0B
Bottom Line
Net Income	29.7B	33.2B	33.0B	30.4B	27.6B
Earnings from Cont. Ops	29.6B	33.2B	33.0B	30.4B	27.7B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	29.7B	33.2B	33.0B	30.4B	27.6B
Per Share
Basic EPS	CN¥0.32	CN¥0.36	CN¥0.36	CN¥0.33	CN¥0.30
Diluted EPS	CN¥0.32	CN¥0.36	CN¥0.36	CN¥0.33	CN¥0.30
Revenue Per Share	CN¥5.61	CN¥5.68	CN¥5.71	CN¥5.50	CN¥5.16
Shares
Basic Shares Outstanding	91.5B	92.2B	91.7B	92.3B	92.0B
Diluted Shares Outstanding	91.5B	92.2B	91.7B	92.3B	92.0B
Profitability Metrics
EBITDA	40.3B	135.8B	129.6B	128.2B	124.4B
D&A	26.4B	90.0B	87.0B	85.7B	83.1B
EBIT	13.9B	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026