China Telecom Corporation Limited 728 2011 12 31 2,450.41 2,449.43 11.7% 165.02 0.20 EBITDA942.66 6.5% EBITDA 40.8% 164.04 10.5% 0.20 1.26 3,59539.7% 3G 3,629 2,400195.3% 7,681 1,33321.0% 1.75463.1% 1
2011 2011 2,450.41 2,449.43 11.7% 682.48 43.0%27.9% 608.01 12.3% 497.64 20.3% EBITDA 1,2 942.66 6.5% EBITDA 3 40.8%164.04 10.5% 0.20 495.5120.2% 4 202.88 0.085 1 EBITDA CDMA 2 EBITDA943.64 165.020.20 3 EBITDAEBITDA 4 EBITDACDMA 2
3G 2011 2G 3G 3G 3G3G YOUNG 2011 3,595 1.26 CDMA13.0% 3G 3,629 3G28.5% 2011 296.20 57.4% (FTTH) 2011 8M 20M70% itve 2011 1,333 7,681 3
ICT 3G 5 QQUC 4
IT 3GQQ 200 2011 Euromoney FinanceAsia Corporate Governance Asia 5
3G 2012 3 20 6
2011 12 312011 2011 12 31 2011 2010 4 245,041 219,864 (51,224) (52,215) (52,912) (47,432) (48,741) (42,130) (39,167) (35,529) (28,868) (19,106) (220,912) (196,412) 24,129 23,452 5 (2,254) (3,600) 40 328 99 131 22,014 20,311 6 (5,416) (4,846) 16,598 15,465 7
2011 2010 (205) 132 51 (48) (103) (48) (25) (257) 11 16,341 15,476 16,502 15,347 96 118 16,598 15,465 16,245 15,358 96 118 16,341 15,476 7 0.20 0.19 80,932 80,932 8
2011 12 31 2011 2010 2010 12 31 12 31 1 1 268,877 272,478 283,550 18,448 14,445 11,567 26,280 27,078 27,790 29,918 29,920 29,922 7,715 9,968 12,311 985 1,123 997 648 854 722 9 3,068 5,022 6,839 3,600 4,396 5,322 359,539 365,284 379,020 4,840 3,170 2,628 2,425 1,882 1,714 10 18,471 17,328 17,438 4,664 5,073 3,910 1,804 1,968 442 27,372 25,824 34,804 59,576 55,245 60,936 419,115 420,529 439,956 9
2011 2010 2010 12 31 12 31 1 1 9,187 20,675 51,650 11,766 10,352 1,487 11 44,358 40,039 34,321 59,372 52,885 52,193 482 327 395 18 2,093 2,645 3,417 127,258 126,923 143,481 (67,682) (71,678) (82,545) 291,857 293,606 296,475 31,150 42,549 52,768 2,712 3,558 5,045 9 1,117 1,375 1,510 34,979 47,482 59,323 162,237 174,405 202,804 80,932 80,932 80,932 175,158 164,696 155,372 256,090 245,628 236,304 788 496 848 256,878 246,124 237,152 419,115 420,529 439,956 10
1. 2. 2011 1 1 24 2009 2010 (i) 24 2009 24 2009 24 2009 (ii) 2010 2010 11 2011 1 1 11
1999 1 12001 12 312001 1 12003 6 302001 1 12003 12 31 2001 12 312002 12 312003 12 31 16 200120022003 1 20042007 12
1 2010 12 31 2010 1 1 (2,770) (2,778) 21,701 22,273 (5,757) (6,059) (986) (1,103) 19,571 19,571 (2,475) (2,525) (10,339) (10,863) 7,403 8,389 (33) 2011 2010 3. 498 559 30 5 (33) (133) (185) (395) (412) (395) (412) (0.01) (0.01) 13
4. 2011 2010 (i) 49,764 62,498 (ii) 38,628 28,906 (iii) 74,992 63,985 (iv) 25,529 22,571 (v) 20,473 15,519 (vi) 14,273 12,389 (vii) 21,284 13,499 (viii) 98 497 245,041 219,864 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 14
5. 2011 2010 3,023 4,057 * (313) (262) 2,710 3,795 (405) (287) 48 178 (99) (86) 2,254 3,600 * 2.5%-5.6% 2.5%-4.7% 6. 2011 2010 3,635 3,165 29 47 1,752 1,634 5,416 4,846 15
2011 2010 22,014 20,311 25% (i) 5,503 5,078 (i) (255) (579) (ii) (3) (11) (iii) 489 832 (iv) (291) (444) (27) (30) 5,416 4,846 (i) (ii) 15% 24% 25% 12% 35% (iii) (iv) 16
7. 20112010 12 31 165.02153.4780,932,368,321 8. 2012 3 20 2011 12 31 0.08555.83 2011 12 31 2011 5 202010 12 31 0.071208 0.08557.632011 6 30 2010 5 252009 12 31 0.074514 0.08560.31 56.08 2010 6 302011 6 9. 2011 2010 2010 2011 2010 2010 2011 2010 2010 12 31 12 31 1 1 12 31 12 31 1 1 12 31 12 31 1 1 1,009 1,047 931 1,009 1,047 931 1,145 2,882 4,679 (425) (534) (645) 720 2,348 4,034 914 1,093 1,229 (562) (660) (732) 352 433 497 (i) (130) (181) (133) (130) (181) (133) 3,068 5,022 6,839 (1,117) (1,375) (1,510) 1,951 3,647 5,329 17
2010 2010 1 1 12 31 931 116 1,047 4,034 (1,686) 2,348 497 (64) 433 (i) (133) (48) (181) 5,329 (1,682) 3,647 2011 2011 1 1 12 31 1,047 (38) 1,009 2,348 5 (1,633) 720 433 (81) 352 (i) (181) 51 (130) 3,647 5 (1,701) 1,951 (i) 1 1 18
10. 2011 2010 18,040 17,466 (i) 1,803 1,182 570 704 20,413 19,352 (1,942) (2,024) 18,471 17,328 (i) 2011 2010 10,872 10,769 2,120 2,049 1,444 1,384 432 495 14,868 14,697 (1,797) (1,831) 13,071 12,866 19
2011 2010 2,763 1,844 899 1,161 1,287 998 596 652 5,545 4,655 (145) (193) 5,400 4,462 2011 2010 16,687 15,694 1,081 1,086 703 548 1,784 1,634 18,471 17,328 30 20
11. 2011 2010 34,748 30,838 8,911 8,571 699 630 44,358 40,039 2011 2010 13,074 10,308 11,610 8,626 8,054 9,830 11,620 11,275 44,358 40,039 21
2011 2011 2,450.412010 11.5% 2,209.122010 12.5%165.02 0.20EBITDA 1 943.64 EBITDA 2 40.8% 2011 2,449.432010 11.7%164.04 2010 148.50 3 10.5% 0.20 EBITDA942.66 EBITDA40.8% 2011 2011 2,450.41201011.5% 0.98 2011 2,449.432010 11.7%827.01 2010 53.3% 1,622.422010 1.9% 4 27.9% 24.8% 12.2% 1 EBITDACDMA EBITDAEBITDA EBITDA 2 EBITDAEBITDA 3 2011 1 2 4 2011 144.53 22
20102011 12 31 2011 2010 49,764 62,498 (20.4%) 38,628 28,906 33.6% 74,992 63,985 17.2% 25,529 22,571 13.1% 20,473 15,519 31.9% 14,273 12,389 15.2% 21,284 13,499 57.7% 98 497 (80.3%) 245,041 219,864 11.5% 2011497.642010 624.98 20.4%20.3% 2011 386.28 2010 289.0633.6%15.8% 2011 3,595 1.26 2011 749.922010 639.85 17.2%30.6% 2011 7,6812010 1,333 21.0%608.012010 12.3%133.012010 47.5% 23
2011255.292010 225.71 13.1%10.4% 120.672010 53.6% 8.5% 2011204.732010 155.19 31.9%8.4%IT 41.72 2010 117.3% 2011 142.732010 123.8915.2%5.8% IP-VPN 0.80 2011212.842010 134.99 57.7%8.7% 144.532010 132.0% 2001 7 1 2011 6 30 2011 0.982010 4.97 80.3% 24
2011 2,209.122010 12.5% 90.2%2010 20102011 12 31 2011 2010 51,224 52,215 (1.9%) 52,912 47,432 11.6% 48,741 42,130 15.7% 39,167 35,529 10.2% 28,868 19,106 51.1% 220,912 196,412 12.5% 2011 512.24 2010 522.15 1.9%20.9% 2011 529.122010 474.32 11.6%21.6% CDMA 2011 CDMA 190.112010 42.7% 25
2011487.412010 421.30 15.7%19.9% 1.2% 2011 391.67 2010 355.29 10.2%16.0% 2011288.682010 191.06 51.1%11.8% 128.66 159.2% 2011 22.542010 36.00 37.4% 10.85 20110.51 2010 0.92 25% 201154.16 24.6% 26
2011 165.022010 153.47 7.5% 164.042010 148.5010.5% 2011 2011 495.512010 430.3715.1% 2011 16.49 2010 89.34 20102011 12 31 2011 2010 73,006 75,571 (43,637) (45,734) (27,720) (38,771) 1,649 (8,934) 2011730.062010 755.71 25.65 27
2011436.372010 457.34 20.97 2010 2010 CDMA 53.74 2011277.202010 387.71 110.51 2011 2010 2011 676.82 2010716.78 39.96 2011 12 311,189.70 2010 985.76 2011 273.72 94.4% 201091.2% 2011 2011 20104,205.294,191.15 2010 735.76521.032010 17.5% 2011 12.4% 2010 2011 12 31 2011 2010 9,187 20,675 11,766 10,352 31,150 42,549 52,103 73,576 28
2011521.032010214.73 94.7% 201096.0%1.3% 20101.0%3.1% 20102.2%0.9% 20100.8% 96.3% 201098.5% 2011 12 31 2010 2011 12 31 2011 12 31 2011 2011 29
2011 1 12011 12 31 1. H 2012 4 30 2012 5 30 H H2012 4 274 30 183 17 1712-1716 2012 5 30 H 2. 2011 12 310.085 55.832012 5 30 2012 6 12 2012 6 7 2012 6 12 H 2012 6 64 30 183 17 1712-1716 H 2012 7 20 30
2008 2012 6 12H H 2011 10% [2011]348H 10% 10%H 10% 10% H 10% 20% H 20% 20% 2012 6 12 HH H 2012 6 6 H H H 2011 12 31 (www.hkexnews.hk) (www.chinatelecom-h.com) 31
1933 A1934E 20-F 32