中电信XXXX年业绩汇报中文对照版

AnnualResults2010ChinaTelecomCorporationLimited22March2011|“MobileInternet”tocreatemorevalue利用移动互联网强化差异化发展创造更多价值6SolidResults主要业绩AdjustedResults调整后结果OperatingRevenue(RMBMil)主营收入EBITDA(RMBMil)EBITDAMarginEBITDA率NetProfit(RMBMil)净利润EPS(RMB)每股利润FreeCashFlow(RMBMil)净现金流AccessLinesinServices(Mil)固话MobileSubs(Mil)移动用户Including:3GSubs(Mil)其中3GWirelineBroadbandSubs(Mil)宽带用户2009208,21982,13339.4%13,2710.16431,1592009.12188.5656.094.0753.462010219,36788,49540.3%15,2620.18927,1072010.12175.0590.5212.2963.48Change同比5.4%7.7%0.9pp15.0%15.0%-13.0%Change-13.5134.438.2210.02Notes:Unlessotherwisestatedinthispresentation1.AllfinancialdatawereadjustedtoexcludeUpfrontConnectionFees2.EBITDAwascalculatedbeforeCDMANetworkLeasingFees(2009:RMB8,383mil;2010:RMB13,320mil)toenhancecomparability3.NetProfitrepresentedprofitattributabletoequityholdersoftheCompany4.FreeCashFlow=EBITDA–CDMANetworkLeasingFees–CAPEX–IncomeTaxExpenses7RevenueGrowthDrivers收入增长构成-7.6pp+4.2pp+4.3pp+4.5ppRMBMil219,367OverallRevenue208,2199,454+5.4%-15,9348,7498,8792009WirelineVoice固网语音WinelineData&Others固网数据MobileVoice移动语音MobileData&Others移动数据及其他20108StrategicTransformationOptimizingRevenueStructure收入结构优化战略转型RevenueStructure收入结构Mobilebusinessasakeygrowthdriver:·Revenue51.5%yoy移动年增长率51.5%·Revenue/totalrevenue:24.6%(7.5ppyoy)移动业务占比达24.6%7.5%9.6%45.2%MobileData&Others移动数据MobileVoice移动语音WirelineData&Others宽带数据11.4%13.2%46.9%Robustgrowthacrossstrategicbusinesses(mobile,wirelinedata&others):战略性业务强劲增长·Revenue20.9%yoy年增长率20.9%·Revenue/totalrevenue:71.5%(9.2ppyoy)占主营比年提升9.2PPWirelineoperatingriskfurtheralleviated:固网经营性风险进一步减轻37.7%WirelineVoice固网语音28.5%·Wirelinevoicerevenueasa%oftotalrevenueloweredto28.5%·PASrevenueonly2.1%oftotalrevenue小灵通占比仅为2.1%200920109RapidMobileExpansionwithRobustQuality移动业务快速优质扩张ServiceRevenue服务收入RMBMil30,00347,722Mobilesubsbaseexpandingrapidly用户数快速扩张·2010subsnetadd:34.43mil年增长3443万户·Subsbase90mil&marketshare10%市场份额10%·3Gsubsbase:12.29mil(13.6%ofsubsbase)3G用户1229万户，（占比13.6%）Revenue&subsbasegrowingintandem20092010Subscribers(mobileARPUofRMB54.2)移动ARPU54.2？（09年44.6）InvigoratedvaluechainMil90.5212.29·CDMAterminals:~800models3Gterminals:~300models(3GterminalsASP50%yoy200yoy)27.914.5%56.094.077.7%10.8%·Openchannelterminalsales:61%(·Openchannelpoint-of-sales:~580k(C终端约800款、3G终端约300款、增长200款、价格下降50%、渠道销售61%（年占比提升9%）、销售点58万个（年增长40万个）。9ppyoy)40kyoy)200820092010MobileSubsMarketShare移动市场份额3GSubs10AccelerateStrategicFibre&BroadbandDeployment加快光纤宽带战略部署CAPEXRMBMilFosterbroadbandbusinessdevelopment培育宽带发展EnhancecoreCompetence提高核心竞争力38,04243,03750,000Commencing“BroadbandChina,FibreCities”Project启动宽带中国、光纤城市项目·By2013fullcoveragewith20Mincities2013年20M城市宽带全覆盖·Tobuildintelligentpipeline&integratedplatformstoprovidecustomerswithinnovativeapplicationsleveragingcloudcomputing&InternetofThings建立智能管道及利用云计算和互联网的创新应用为客户提供高质量、高集成平台2011budgetedCAPEXRMB50bil:资本预算支出50亿：·Wirelinebroadbandnetadds:≈12mil宽带网增加1200万·Customeraccessbandwidthcapability用户带宽20M占比70%Coverageincitieswith20M:70%(12ppyoy)MobileCAPEXplanbyparentcompanyin2011:200920102011ERMB23bilmainlyfornetworkoptimization(vs2010:RMB27bil&2009:RMB54bil)2011年总公司移动资本支出：23亿元网络优化11StableDividend稳定分红DividendPerShareHKD0.08520090.085201012TheBoardofDirectorsrecommendstotheshareholdersafinaldividendofHKD0.085persharefor2010每股分红0.085港币TheCompanyisactivelypreparing&accumulatingfundsfortheplannedacquisitionofmobilenetworkfromparentcompanyin2012公司正在积极准备和积累资金,计划在2012年从母公司收购移动网络Withdueregardstoshareholders’cashreturndemandaswell,astabledividendisrecommended（忽悠）SuperiorStrengthsReadytoProfitfromExplosiveDataGrowthTopromoteprofitable&scaledevelopmentof3G/wireless&wirelinebroadbandoperation有线/无线及3G宽带运营促进盈利和规模发展MobileDataTrafficManagementExtensive&in-depthpartnershipwithCP/SP/APOpenplatformsChinaV-netFastgrowingappstore“eStore”(2010:10,000apps)SuperiorICTservicestrengthInnovativeintegratedapplicationsforindustries&businessesAll-round&closeGovernment&EnterprisecustomerrelationsLeadingInternetdatacentreRapidlyproliferatingsmartdevices3GHandsets:≈300modelsSmartphones:≈70modelsTabletsservicesHighlyintegratedintelligentnetworks（高度集成智能网络）Mostcomprehensive&in-depthnationwidehighspeed3GnetworkSuperiornationwideWiFinetworks(≈100,000hotspotswith≈300,000APs)FullyIP-basedfibrecorenetworkHighlyintegratedintelligentnetworkstocarrydatatrafficinthemosteffective&profitableway(highvolumetrafficviaWiFi&wirelinebroadband,mid-to-lowvolumetrafficvia3Gnetwork)以上主要介绍3G覆盖和WIFI建设的关系13ToEnhanceValuewithTransformation&Innovation转型&创新提升价值Strengthenimplementationof“Customer-focusedInnovativeInformatization”StrategyShareholders’ValueLeaderofIntelligentPipeline智能管道Pipelinestrengths:enablecustomersidentification,businessclassification,trafficcontrol,ne