China Telecom Corporation Limited 728 2016 12 31 3,522.85 6.4% 3,096.44 5.6% EBITDA 951.39 EBITDA 30.7% 180.04 10.2% 201511.7% 0.22 0.105 2016 2.15 1,710 4G 1.22 6,341 4G 57% 130% 1.23 1,006 (FTTH) 1.06 3,500 FTTH 86% 1
2016 20163,523 6.4% 1 3,096 5.6% 40% 5 EBITDA 2 951 EBITDA 2 30.7% 3 180 2015 3 11.7%0.22 968 11.3% 4-77 0.105 2016 1 2 EBITDA EBITDAEBITDA 3 39 2015 161 4 EBITDA 2
2016 4G + 2+5 4G 3G 4G 1,710 2.15 16.2% 0.7 4G 1.22 57% 16.0% 1.9 4G 1 80% 130% 4G 3 4G GB 43% ARPU 10.5% (FTTH) 1,006 1.23 FTTH 1.06 3,500 86% 3.3% 3
24% 2,095 6,133 30%1 1,321 55% + 4
2016 1.0 5 2.0 5 3.0 2016CTNet2025 FDD 800MHz 4G 4GVoLTE(NB-IoT) 50Mbps (SDN)(NFV) 5G5G (DCI) 5 2004 2010 ICT 2011 2015 5
ICT IT 6
2016 Euromoney Institutional Investor FinanceAsia G20 2017 2025 7
3.0 2017 3 21 8
2016 12 31 2016 2016 12 31 2016 2015 4 352,285 331,202 (67,938) (67,664) (94,092) (81,240) (56,417) (54,472) (54,460) (52,541) (52,177) (48,843) (325,084) (304,760) 27,201 26,442 5,214 5 (3,235) (4,273) 40 8 91 (698) 24,097 26,693 6 (5,988) (6,551) 18,109 20,142 9
2016 2015 (228) 652 57 (163) 190 129 6 3 25 621 18,134 20,763 18,004 20,054 105 88 18,109 20,142 18,029 20,675 105 88 18,134 20,763 7 0.22 0.25 80,932 80,932 10
2016 12 31 2016 2015 12 31 12 31 389,648 373,981 80,381 69,103 22,955 23,609 29,923 29,920 11,244 10,739 34,572 34,473 1,535 1,624 9 5,061 4,655 3,077 3,349 578,396 551,453 5,081 6,281 50 105 10 21,423 21,105 19,470 16,229 3,331 2,519 24,617 31,869 73,972 78,108 652,368 629,561 11
2016 2015 12 31 12 31 40,780 51,636 62,276 84 11 122,444 118,055 91,087 82,934 1,106 2,154 52 38 1,253 1,028 318,998 255,929 (245,026) (177,821) 333,370 373,632 9,370 64,830 50 81 2,305 1,454 9 4,770 2,061 580 455 17,075 68,881 336,073 324,810 80,932 80,932 234,392 222,852 315,324 303,784 971 967 316,295 304,751 652,368 629,561 12
1. 2. 11 1 16 38 2012-2014 16 41 10 12 28 3. 13
4. 2016 2015 (i) 70,120 78,593 (ii) 150,405 126,546 (iii) 66,838 66,343 (iv) 17,773 17,635 (v) 47,149 42,085 352,285 331,202 (i) (ii) (iii) (iv) (v) 14
5. 2016 2015 4,199 4,900 * (498) (327) 3,701 4,573 (353) (375) 209 154 (322) (79) 3,235 4,273 * 4.1%-5.0% 3.5%-5.5% 6. 2016 2015 3,473 7,127 155 74 2,360 (650) 5,988 6,551 15
2016 2015 24,097 26,693 25% (i) 6,024 6,673 (i) (275) (400) (ii) (53) (25) (iii) 485 431 (iv) (105) (75) (v) (88) (53) 5,988 6,551 (i) 15% 25% (ii) 12% 38% (iii) (iv) (v) 7. 2016 2015 12 31 180.04200.54 80,932,368,321 16
8. 2017 3 21 2016 12 31 0.105 75.48 2016 12 31 2016 5 25 2015 12 31 0.080182 0.095 64.89 2016 7 15 2015 5 27 2014 12 31 0.076120 0.095 61.60 2015 7 17 9. 2016 2015 2016 2015 2016 2015 1,531 1,291 1,531 1,291 3,410 3,174 (4,416) (1,605) (1,006) 1,569 120 190 (85) (130) 35 60 (269) (326) (269) (326) 5,061 4,655 (4,770) (2,061) 291 2,594 17
2016 2016 1 1 12 31 1,291 240 1,531 1,569 (2,575) (1,006) 60 (25) 35 (326) 57 (269) 2,594 (2,303) 291 2015 2015 1 1 12 31 1,156 135 1,291 1,015 554 1,569 99 (39) 60 (163) (163) (326) 2,107 487 2,594 10. 2016 2015 22,932 22,766 (i) 949 492 10 933 782 24,824 24,040 (3,401) (2,935) 21,423 21,105 18
(i) 2016 2015 9,993 10,001 2,179 2,181 1,763 1,821 761 731 14,696 14,734 (2,427) (2,393) 12,269 12,341 2016 2015 3,660 3,648 1,887 1,618 2,349 2,199 2,232 1,841 10,128 9,306 (974) (542) 9,154 8,764 19
2016 2015 19,376 19,263 1,180 1,154 867 688 2,047 1,842 21,423 21,105 11. 2016 2015 96,675 95,305 21,343 18,702 3,697 3,272 729 776 122,444 118,055 2016 2015 17,931 21,486 19,891 18,624 21,611 19,430 63,011 58,515 122,444 118,055 20
2016 2+5 2016 3,522.85 2015 6.4% 6 3,096.44 2015 5.6% 3,250.84 2015 6.7% 180.04 2015 10.2%0.22 EBITDA 7 951.39 2015 1.1% EBITDA 8 30.7% 2016 4G 2016 3,522.85 2015 6.4% 1,722.23 2015 10.0% 1,800.62 2015 3.1% 6 2016 346.12 2015 320.26 2016 58.22 2015 44.30 2016 22.07 2015 14.80 7 EBITDA EBITDA EBITDA EBITDA 8 EBITDAEBITDA 21
2015 2016 12 31 2016 2015 70,120 78,593 (10.8%) 150,405 126,546 18.9% 66,838 66,343 0.7% 17,773 17,635 0.8% 47,149 42,085 12.0% 352,285 331,202 6.4% 2016 OTT701.20 2015 10.8% 19.9% 259.87 2015 12.2% 441.33 2015 9.9% 2016 1,504.05 2015 18.9% 42.7% 4G+ + 2016 1.23 1,006 767.66 2015 3.3% 706.82 2015 39.4% 682.63 2015 42.9% 22
2016 668.38 2015 0.7% 19.0% 443.35 2015 5.5% IDC 225.03 2015 7.4% 2016 177.73 2015 0.8% 5.0% 175.95 2015 2.2% 2016 471.49 2015 12.0% 13.4% 346.12 2015 8.1% 2016 3,250.84 2015 6.7% 92.3% 2015 0.3 23
2015 2016 12 31 2016 2015 67,938 67,664 0.4% 94,092 81,240 15.8% 56,417 54,472 3.6% 54,460 52,541 3.7% 52,177 48,843 6.8% 325,084 304,760 6.7% 2016 679.38 2015 0.4% 19.3% 2016 2016 940.92 2015 15.8% 26.7% 2016 564.17 2015 3.6% 16.0% 478.21 2015 4.1% 307.53 2015 15.4% 170.68 2015 11.5% 93.70 2015 19.4% 24
2016 544.60 2015 3.7% 15.5% 2016 12 31 2016521.77 2015 6.8% 14.8% 328.49 2015 6.4% 201632.35 2015 24.3% 5.11%4.00% AAA 50.05 2016 1.13 25% 2016 59.88 24.8% 2016 180.04 2015 10.2% 25
2016 4G 2016 968.17 2015 11.3% 2016 74.63 2015 113.09 2015 2016 12 31 2016 2015 101,130 108,750 (99,038) (102,250) (9,555) 4,809 (7,463) 11,309 20161,011.30 2015 7.0% 2016990.38 2015 3.1% 201695.55 2015 48.09 2016 26
2016 2,450.26 2015 1,778.21 672.05 617.10 2017 2016 12 31 1,612.29 2015 1,288.39 2016 246.17 81.8% 2015 92.6% 2016 2016 2015 6,295.61 6,523.68 3.6% 2015 1,166.69 1,125.28 2015 18.5% 17.2% 2015 2016 12 31 2016 2015 40,780 51,636 62,276 84 9,370 64,830 102 119 112,528 116,669 27
2016 1,125.28 2015 41.41 99.4% 2015 99.4% 0.4% 2015 0.4% 0.2% 2015 0.2% 44.3% 2015 46.3% 2016 12 31 2015 2016 12 31 2016 12 31 2016 2016 28
2016 1 1 2016 12 31 1. 2017 5 23 2016 H 2017 4 23 2017 5 23 H H 2017 4 21 4 30 183 17 1712-1716 2017 5 23 H 2. 2016 12 31 0.105 75.48 2017 5 23 2017 6 5 2017 5 31 2017 6 5 29
H H 2017 5 29 4 30 183 17 1712-1716 H H 2017 7 21 2008 2017 6 5 H H 2016 10% [2011]348H 10% 10% H 10% 10% H 10% 20% H 20% 20% 30
2017 6 5 H HH H 2017 5 29 H [2014]81 [2016]127 H 20% H H H H 31
2016 12 31 (www.hkexnews.hk) (www.chinatelecom-h.com) 2017 3 21 1933 27 A 1934 21 E 20-F 32