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    Communications

  3. •

    Wireless telecommunications
China Telecom Corp. Ltd. Class A

China Telecom Corp. Ltd. Class A

4.32
HKD
-0.05
(-1.15%)
705.86BMarket Cap
Mar 30Next Earn
China Telecom Corp. Ltd. Class A
HKEX:728
(Hong Kong Exchange)

Recent

price

4.32

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.5
1.68
1.94
2.2
2.22
2.27
2.41
2.5
2.58
2.57
2.69
2.88
2.91
3.11
3.2
3.2
- -
Revenue per Share
0.1
0.11
0.1
0.12
0.12
0.14
0.12
0.13
0.15
0.14
0.14
0.17
0.17
0.18
0.2
0.2
- -
Basic EPS, GAAP
0.52
0.5
0.48
0.6
0.66
0.74
0.69
0.66
0.68
0.77
0.9
0.9
0.81
0.83
0.88
0.76
- -
Free Cash Flow per Basic Share
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.05
0.05
0.06
0.06
0.06
0.16
0.12
0.14
0.15
- -
Dividend per Share
1.68
1.75
1.81
1.9
1.98
2.08
2.16
2.23
2.35
2.41
2.49
2.59
2.61
2.68
2.74
2.79
2.85
Book Value per Share
1.22
1.31
1.37
1.47
1.54
1.64
1.72
1.79
1.9
2.09
2.15
2.29
2.31
2.36
2.4
2.43
2.51
Tangible Book Value per Share
146,202
146,202
146,203
146,203
146,203
146,203
146,203
146,203
146,203
146,203
146,203
152,544
165,306
165,306
165,306
165,306
109,957
Basic Weighted Avg Shares
219,897
245,149
283,176
321,584
324,394
331,517
352,534
366,229
377,124
375,734
393,561
439,553
481,448
513,551
529,417
529,559
- -
Sales/Revenue/Turnover
10.66
9.84
7.49
8.54
8.79
7.98
7.72
7.43
7.61
7.74
8.56
7.04
6.94
7.23
7.52
7.49
- -
Operating Margin (%)
52,224
51,241
49,666
69,083
66,345
67,666
67,942
74,951
75,493
88,145
90,240
92,966
96,932
99,702
101,044
104,198
- -
Depreciation Expense
15,339
16,494
14,949
17,545
17,680
20,058
18,018
18,617
21,210
20,517
20,850
25,949
27,593
30,446
33,012
33,185
- -
Net Income, GAAP
23.87
24.61
23.98
23.48
23.64
24.54
24.85
24.81
24.19
23.39
23.03
22.78
22.51
22.39
21.81
22.16
- -
Effective Tax Rate (%)
6.98
6.73
5.28
5.46
5.45
6.05
5.11
5.08
5.62
5.46
5.3
5.9
5.73
5.93
6.24
6.27
- -
Profit Margin (%)
-71,682
-67,681
-128,235
-147,315
-146,782
-177,821
-244,999
-203,858
-185,915
-191,479
-187,126
-137,708
-140,665
-135,573
-137,252
-117,578
-112,406
Working Capital
42,549
31,150
83,073
62,617
62,494
64,911
9,420
48,622
44,967
62,628
51,677
35,989
56,892
47,792
42,301
31,160
23,701
LT Debt
246,161
256,910
266,100
278,664
290,108
304,751
316,348
326,697
344,099
355,040
366,175
431,173
436,427
447,167
456,552
468,260
479,403
Total Equity
5.52
5.81
4.8
5.59
5.56
4.88
4.82
4.78
5.04
4.9
4.75
5.07
5.2
5.68
6.13
6.08
- -
Return on Invested Capital (%)
5.59
5.87
4.88
5.73
5.58
5.73
4.87
4.92
5.38
5.12
4.97
5.81
5.77
6.32
6.78
6.72
- -
Return on Capital (%)
6.56
6.57
5.74
6.46
6.24
6.77
5.82
5.81
6.34
5.9
5.82
6.55
6.41
6.96
7.37
7.27
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
19,037
- -
23,355
LT Borrowings
5,824
- -
5,557
LT Finance Leases
38,250
- -
18,144
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
165,306
13,877
165,306
Market Capitalization
712,308
- -
610,720

Working Capital

CNY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
199,920
- -
220,773
Cash, Cash Equivalents & STI
100,754
- -
106,037
Accounts Receivable, Net
54,920
- -
71,794
Inventories
4,664
- -
4,119
Total Current Liabilities
327,201
- -
333,179
Payables & Accruals
- -
- -
- -
ST Debt
19,037
- -
23,355
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.48%
5.22%
2.56%
Free Cash Flow
1.79%
-0.8%
-13.59%
Net Income, GAAP
5.55%
10.02%
0.52%
Sales/Revenue/Turnover
4.86%
6.2%
0.03%
Total Cash Common Dividend
24.85%
41%
6.53%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
134,495
131,479
- -
- -
529,417
2025
- -
- -
- -
- -
529,559
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.14
- -
- -
0.2
2025
- -
- -
- -
- -
0.2
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.07
- -
- -
0.14
2025
- -
- -
- -
- -
0.15
2026
- -
- -
- -
- -
- -
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Business
China Telecom Corporation Limited (601728.SS) provides integrated digital information services, including mobile communications; wireline communications and smart family solutions; satellite communications; internet access; cloud computing and computing power; artificial intelligence (AI), big data, quantum technologies; and ICT integration services, primarily in the People's Republic of China. The company offers mobile voice and data services such as CDMA, 5G-A networks with 1.49 million mid-/high-band base stations and 880,000 low-band base stations; wireline voice, broadband (gigabit and FTTR), and smart home applications including safe home, healthy home, entertainment home, low-carbon home, and intelligent home; industrial digitalisation solutions via over 120 digital platforms, 5G customised networks ("5G + AI + Cloud + Applications"), and more than 80 industry large models with 30 agents; security products like Cloud Dam, ZeroMile, Security Brain, and quantum-encrypted calls/messages serving over 6 million users and 3,000 industry customers; emerging services encompassing China Telecom Cloud, IoVT international platform, Xingchen MaaS platform, Xingchen Industry Agent platform, AI terminals (phones, central monitors, cameras, glasses, robots), XingXiaochen AI agent, and direct-to-satellite services with Tiantong subscriptions exceeding 3 million; as well as managed data services, leased lines, international telecommunications, e-commerce, and equipment sales. Incorporated in 2002 and headquartered at 31 Jinrong Street, Xicheng District, Beijing, China, China Telecom Corporation Limited operates as a subsidiary of China Telecom Group Co., Ltd., with A shares listed on the Shanghai Stock Exchange and H shares on the Hong Kong Stock Exchange; it targets individual, family, government, and enterprise customers across mainland China. Recent developments include acquiring a controlling stake in Quantumctek Co., Ltd. in the first half of 2025 to bolster quantum communications, computing, and measurement capabilities; launching the self-developed XingXiaochen AI agent, Xingchen large model ecosystem, and intelligent upgrades to services like Communications Assistant, Cloud Drive, and Beautiful Home; deploying 100,000 5G-A carrier aggregation base stations and 600,000 Redcap base stations across over 300 cities; advancing AI+ initiatives with over 30 state-owned central enterprises, including the AI+ Action Demonstration Base in Tianjin; expanding intelligent computing power to 77 EFLOPS and AIDC cabinets exceeding 580,000; and achieving rapid growth in strategic revenues such as intelligent (89.4%), security (18.2%), IoVT (46.2%), satellite (20.5%), and quantum (171.1%) in H1 2025.