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

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	509.2B	523.9B	523.6B	507.8B	475.0B
Cost of Revenue	366.1B	371.6B	373.5B	361.4B	339.9B
Gross Profit	143.1B	152.4B	150.1B	146.4B	135.0B
Operating Expenses
R&D Expense	15.0B	15.6B	14.5B	13.1B	10.6B
SG&A Expense	44.0B	—	—	—	—
General & Admin Expense	19.5B	36.4B	37.1B	35.7B	33.6B
Selling & Marketing Expense	28.4B	53.9B	55.5B	56.1B	53.8B
Other Expenses	1.8B	—	—	—	—
Total Operating Expenses	109.9B	108.6B	109.5B	107.1B	99.6B
Cost and Expenses	476.0B	480.2B	483.0B	468.5B	439.5B
Operating Income (EBIT)	36.2B	45.9B	42.6B	42.6B	41.3B
Non-Operating
Interest Income	1.0B	—	—	—	—
Interest Expense	829.1M	—	—	—	—
Net Interest Income	216.4M	—	—	—	—
Other Non-Op Income/Expense	4.2B	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	37.5B	42.7B	42.2B	39.2B	35.7B
Income Tax Expense	8.9B	9.5B	9.2B	8.8B	8.0B
Bottom Line
Net Income	28.6B	33.2B	33.0B	30.4B	27.6B
Earnings from Cont. Ops	28.6B	33.2B	33.0B	30.4B	27.7B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	28.6B	33.2B	33.0B	30.4B	27.6B
Per Share
Basic EPS	CN¥0.31	CN¥0.36	CN¥0.36	CN¥0.33	CN¥0.30
Diluted EPS	CN¥0.31	CN¥0.36	CN¥0.36	CN¥0.33	CN¥0.30
Revenue Per Share	CN¥5.56	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	47.2B	135.8B	129.6B	128.2B	124.4B
D&A	26.4B	90.0B	87.0B	85.7B	83.1B
EBIT	20.7B	—	—	—	—

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 Sep 1, 2026