Financial Highlights

Unaudited Condensed Consolidated Statement of Income

(All amounts in RMB millions, except per share data)

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  Six months ended 30 June
  Note 2020 2021
Revenue 5 150,397 164,174
Interconnection charges (5,094) (5,247)
Depreciation and amortisation (41,312) (41,376)
Network, operation and support expenses 6 (22,220) (25,107)
Employee benefit expenses 7 (27,503) (30,991)
Costs of telecommunications products sold 8 (11,603) (14,808)
Other operating expenses 9 (34,525) (38,532)
Finance costs 10 (859) (645)
Interest income 682 471
Share of net profit of associates 732 1,101
Share of net profit of joint ventures 257 720
Other income — net 11 784 1,529
Profit before income tax 9,736 11,289
Income tax expense 12 (2,138) (2,081)
Profit for the period 7,598 9,208
Profit attributable to:
Equity shareholders of the Company 7,569 9,167
Non-controlling interests 29 41
Earnings per share for profit attributable to equity shareholders of the Company during the period:
Basic earnings per share (RMB) 13 0.25 0.30
Diluted earnings per share (RMB) 13 0.25 0.30

The notes on pages 18 to 44 are an integral part of these unaudited condensed consolidated interim financial statements.