中国电信-XXXX-年中报告(英文版)

2013InterimResultsChinaTelecomCorporationLimited21Aug2013|“forward-lookingstatements”withinthemeaningofSection27AoftheU.S.SecuritiesActof1933(asamended)andSection21EoftheU.S.SecuritiesExchangeActof1934(asamended).Suchforward-lookingstatementsaresubjecttoknownandunknownrisks,uncertaintiesandotherfactors,whichmaycausetheactualperformance,financialconditionorresultsofoperationsofChinaTelecomCorporationLimited(the“Company”)tobemateriallydifferentfromanyfutureperformance,financialconditionorresultsofoperationsimpliedbysuchforward-lookingstatements.Inaddition,wedonotintendtoupdatetheseforward-lookingstatements.Furtherinformationregardingtheserisks,uncertaintiesandotherfactorsisincludedintheCompany’smostrecentAnnualReportonForm20-FfiledwiththeU.S.SecuritiesandExchangeCommission(the“SEC”)andintheCompany’sotherfilingswiththeSEC.Presentationby3Mr.WangXiaochuChairman&CEOMr.YangJiePresident&COOMadamWuAndiEVP&CFO4OverviewBusinessReviewFinancialPerformance1.2.3.Highlights5Robustbusinessdevelopmentoptimizedrevenuestructure&drovedouble-digitrevenue&netprofitgrowthMobilescaleexpansionwithindustry-leadingmobilerevenuegrowth&enhancedcustomervalueFurtherstrengthenedfibrenetwork&serviceedgetoboostbroadbandgrowth&long-termcompetitivenessTodeployLTEtrialnetworktimely&appropriatelySolidGrowthMomentum6Notes:Unlessotherwisestatedinthispresentation1.NetProfitrepresentedprofitattributabletoequityholdersoftheCompany2.EBITDA=OperatingRevenue–OperatingExpenses+Depreciation&Amortization;1H2012EBITDAwasarrivedatafterdeductingtheMobileNetworkLeasingFeeofRMB11.8bilpaidtotheparentcompanyintheperiod.TheCompanycompletedtheCDMAnetworkacquisitionfromtheparentcompanybyend-2012,resultinginsubstantialsavingofMobileNetworkLeasingFeestartingfrom2013,whiletheCompanyisrequiredtobearthewholeamountofmobilenetworkmaintenancefee.In1H2012,theparentcompanyboreitsshareofmobilenetworkmaintenancefeeofapproximatelyRMB3bil.3.EBITDAMargin=EBITDA/OperatingRevenue(Excl.MobileTerminalSales)1H20121H2013ChangeOperatingRevenue(RMBMil)138,021157,52014.1%OperatingRevenue(Excl.MobileTerminalSales)(RMBMil)126,580139,20910.0%EBITDA(RMBMil)36,99250,11435.5%EBITDAMargin29.2%36.0%6.8ppNetProfit(RMBMil)8,81410,21315.9%EPS(RMB)0.1090.12615.9%Bothrevenue&netprofitachieveddouble-digitgrowth7DeepenedStrategicTransformationtoAccelerateGrowthMomentum16.1%12.6%44.7%41.1%16.9%18.0%22.3%28.3%1H20121H2013Growthbusinessesaccountedfor87.4%(3.5ppvs1H2012)RevenueStructureOperatingrevenuemaintaineddouble-digitgrowthsurpassingindustryaverageMobileasakeygrowthdriverOperatingriskofwirelinevoicefurtheralleviatedRobustfull-servicesdevelopmentwithincreasingmixfromgrowthbusinessesWirelineVoiceWirelineData&OthersMobileVoiceMobileData&Others50.9687.332012.62013.62GSubs3GSubs23,28928,42619,26726,1741H20121H2013MobileVoiceMobileDataMobileServiceRevenueRMBMil54,60042,5568MobileScaleExpansionwithIndustry-leadingMobileRevenueGrowthFastmobilescaleexpansionunderpinnedbysuperior3Gnetwork,fastproliferatingsmartphonesadoption&mobileInternetapplications3Gscaledevelopmentdroverapidmobilesubsexpansionreaching175mil3Gnetadd:18.28mil(1H2013)3Gsubs:87.33mil3Gsubsas%ofmobilesubs:50%Dataserviceseffectivelyenhancedcustomerexperience&value,upliftingmobileARPUby3.6%yoyFullyleveragedsuperiorstrengthsin3Gnetwork&servicestorapidlyexpandmobilesubscriberscale&increasecustomervalueMobileSubsMil174.50144.18+28.3%35.8%22.1%52.454.3MobileARPU(RMB)32,694*33,05020122013E9Investmenttiltstowardshigh-growth,high-returnbusinesses&areasContinuefibre&broadbanddeployments,enhance3Gnetworkcoverage&qualitytocreatesuperiornetworkstrengthsforrapidscaleexpansionTodeployLTEtrialnetworktimely&appropriatelytograspopportunityNote:*2012figuresincludedmobileCAPEXbornebyparentcompanyCAPEXRMBMilProactiveInvestmenttoBolsterFutureSustainableDevelopment&Competitiveness75,00072,525*1HCAPEXMajorConsiderations:KeyBenefits:ToDeployLTETrialNetworkTimely&AppropriatelyOneHybridLTENetworkofintegratedresourcestoboostfuturesustainablegrowth&returnenhancement10Allowflexibleuseofmorespectrumresources(TD+FDD)forLTEservicestograsprapidlygrowingdataserviceopportunitiesMostoftheLTECAPEXwouldsupportbothTD&FDDLTEservices(incl.infrastructure,towers&corenetwork…)offeringmoreflexibilityinlong-termdevelopment&returnenhancementToflexiblydeployLTEnetworkwithregardtofutureLTElicensing,databusinessgrowth&valuechaindevelopment,overlayingonexistingsuperior3Gnetworkforlong-termintegratedoperationtoenhancecustomerexperience&corporatereturn:Continuetofullyleverageexistingsuperiornationwide3Gnetwork&fibrebroadbandnetworkLTEdeploymentwouldonlystartfromdenselypopulatedareasClear&effectivestrategywithstrongexecutioncapabilitySuperiorICT&full-servicesintegratedoperatingstrengthsLeadingedgesonfibrebroadband,3Gnetworks&services11Breakingawayfromconstraintsoftraditionaltelecommunicationsoperationmindset11Customer&CorporateValueStrategicPositioningof“ThreeNewRoles”Fastprolif