Financial Highlights

Five-year Summary

For the five-year ended 31 December 2020
(All amounts in RMB millions, except per share data)

Selected financial summary for 2016 to 2020, including selected consolidated statement of income data and consolidated statement of financial position data for 2016, 2017, 2018, 2019 and 2020 were prepared in accordance with IFRSs/HKFRSs.

Results


Selected Statement of Income Data

Download
  2016 2017 2018 2019 2020  
Revenue 274,197 274,829 290,877 290,515 303,838  
Interconnection charges (12,739) (12,617) (12,579) (11,513) (10,574)  
Depreciation and amortisation (76,805) (77,492) (75,777) (83,080) (83,017)  
Network, operation and support expenses (51,167) (54,507) (55,077) (43,236) (46,286)  
Employee benefit expenses (36,907) (42,471) (48,143) (50,516) (55,740)  
Costs of telecommunications products sold (39,301) (26,643) (27,604) (26,412) (26,862)  
Other operating expenses (54,585) (57,166) (62,561) (64,480) (70,237)  
Finance costs (5,017) (5,734) (1,625) (2,123) (1,747)  
Interest income 1,160 1,647 1,712 1,272 1,366  
Share of net profit of associates 204 893 2,477 1,359 1,588  
Share of net profit of joint ventures 153 574 598 646 787  
Other income – net 1,591 1,280 783 1,735 2,911  
Profit before income tax 784 2,593 13,081 14,167 16,027  
Income tax expenses (154) (743) (2,824) (2,795) (3,450)  
Profit for the year 630 1,850 10,257 11,372 12,577  
Profit attributable to:  
Equity shareholders of the Company 625 1,828 10,197 11,330 12,493  
Non-controlling interests 5 22 60 42 84  
Earnings per share for profit attributable to equity shareholders of the Company:  
– basic (RMB) 0.03 0.07 0.33 0.37 0.41  
– diluted (RMB) 0.03 0.07 0.33 0.37 0.41  

Selected Statement of Financial Position Data

  2016 2017 2018 2019 2020  
Property, plant and equipment 451,115 416,596 384,475 367,401 364,187  
Right-of-use assets 43,073 37,960  
Financial assets measured at fair value 4,449 4,446 4,673 4,093 27,682  
Current assets 82,218 76,722 75,909 83,595 108,636  
Accounts receivable 13,622 13,964 14,433 17,233 16,287  
Cash and cash equivalents 23,633 32,836 30,060 34,945 23,085  
Total assets 614,154 571,983 540,320 562,499 580,616  
Lease liabilities (non-current portion) 21,535 16,458  
Current liabilities 342,655 242,622 214,910 205,190 222,028  
Accounts payable and accrued liabilities 143,156 125,211 122,458 117,525 134,437  
Short-term bank loans 76,994 22,500 15,085 5,564 740  
Lease liabilities (current portion) 10,790 11,503  
Commercial papers 35,958 8,991 8,995 7,000  
Current portion of promissory notes 18,976 17,960  
Current portion of corporate bonds 2,000 16,994 1,000  
Current portion of long-term bank loans 161 410 441 437 418  
Long-term bank loans 4,495 3,473 3,173 2,869 2,482  
Promissory notes 17,906 998 998  
Corporate bonds 17,970 17,981 999 2,998 1,999  
Total liabilities 386,472 267,636 226,034 241,744 253,096  
Total equity 227,682 304,347 314,286 320,755 327,520