China Telecom Corporation Limited HKEx Stock Code 728 NYSE Stock Code CHA Interim Report 2014
1 2 8 9 11 12 13 15 34
6 30 5 157,559 165,973 5.3% EBITDA 1 50,130 50,538 0.8% EBITDA 2 36.0% 33.8% -2.2 3 10,225 11,436 11.8% 0.126 0.141 11.8% 33,139 23,060-30.4% 4 3.340 3.496 4.7% EBITDA 1 157,559 165,973 50,130 50,538 5 5 3 4 10,225 11,436 3.340 3.496 5 5 1 EBITDA 2 EBITDA EBITDA 3 4 5 2 1
2014 4G 4G 1 1,6605.3% 1 2
1,494 7.3% 28% 5 EBITDA 2 505EBITDA 3 33.8% 11411.8% 0.14 231 4 239 4G 5341.80 3G 41360% ARPU 7 me 3G 364 3.4% 1.04 403(FTTH) 2 EBITDA 3 EBITDA EBITDA 4 EBITDA 3
3,30032% 2013 5 1 41330% 1,3001.7 3G 80% 3G 218MB 30% 3G ARPU 3G ARPU 37% (ICT) (IDC) IDC 4830% 4
FTTH IT 5
6 IT Institutional Investor FinanceAsia Euromoney 4G 4G 4G FDD 4G 3G
8 27 7
933 6 30 34 34 2410 34 8 27 8
6 30 6 30 12 31 361,094 374,341 46,791 44,157 24,683 25,007 29,917 29,917 7,900 8,045 1,105 1,106 985 1,026 9 3,336 2,927 4,079 3,930 479,890 490,456 5,950 6,523 585 312 5 27,195 20,022 9,787 7,569 2,199 2,287 6 16,891 16,070 62,607 52,783 542,497 543,239 1533 9
6 30 6 30 12 31 7 16,487 27,687 7 20,072 20,072 8 73,668 81,132 81,645 69,633 1,461 371 1 1 1,058 1,202 194,392 200,098 (131,785) (147,315) 348,105 343,141 7 62,587 62,617 1,048 1,229 9 537 631 64,172 64,477 258,564 264,575 80,932 80,932 202,040 196,809 282,972 277,741 961 923 283,933 278,664 542,497 543,239 1533 10
6 30 6 30 2014 2013 10 165,973 157,559 (32,776) (34,701) 11 (29,332) (23,357) (36,943) (34,979) 12 (24,642) (22,328) 13 (24,518) (26,765) (148,211) (142,130) 17,762 15,429 14 (2,736) (2,613) 2 673 7 27 15,035 13,516 15 (3,561) (3,223) 11,474 10,293 (41) 13 10 (3) 26 (52) (2) 1 (7) (41) 11,467 10,252 11,436 10,225 38 68 11,474 10,293 11,429 10,184 38 68 11,467 10,252 17 0.14 0.13 17 80,932 80,932 1533 11
6 30 1 1 80,932 16,588 10,746 65,729 112 (821) 91,783 265,069 961 266,030 2 233 (44) (119) 70 70 1 1 80,932 16,821 10,746 65,729 112 (865) 91,664 265,139 961 266,100 10,225 10,225 68 10,293 11 (52) (41) (41) 11 (52) 10,225 10,184 68 10,252 (4) (4) 16 (5,433) (5,433) (5,433) 380 11 391 (144) 247 6 30 80,932 17,201 10,746 65,729 123 (917) 96,467 270,281 881 271,162 1 1 80,932 17,064 10,746 67,392 427 (944) 102,124 277,741 923 278,664 11,436 11,436 38 11,474 (33) 26 (7) (7) (33) 26 11,436 11,429 38 11,467 16 (6,198) (6,198) (6,198) 6 30 80,932 17,064 10,746 67,392 394 (918) 107,362 282,972 961 283,933 1533 12
6 30 6 30 (a) 43,985 42,076 (31,751) (31,906) (40) (66) 131 639 6 212 459 (1,526) (1,388) 1,614 2,730 7 (14,269) (25,500) (31,566) (69,089) (2) 11,541 35,345 (22,785) (18,209) (105) (94) (b) (278) (1) (5) (11,628) 17,035 791 (9,978) 1 1 16,070 30,099 30 (52) 6 30 16,891 20,069 1533 13
6 30 (a) 6 30 15,035 13,516 32,776 34,701 1,587 1,103 97 139 (2) (673) (7) (27) (130) (179) 2,859 2,820 7 (28) 1,377 (183) 53,599 51,189 (8,765) (6,800) 476 (1,512) (1,784) (1,492) (141) 304 754 (1,003) 5,714 3,950 (325) (516) 49,528 44,120 142 180 (2,467) (680) (3,218) (1,544) 43,985 42,076 (b) 12 31 100% 1533 14
6 30 1. 2008 10 CDMA 2. 12 16 100%2.61 6 30 12 312.782014 6 30 15
6 30 2. 6 30 6 30 157,520 39 157,559 10,281 12 10,293 6 17 3. 34 8 27 6 30 12 31 2013 16
6 30 3. 32 36 21 34 2410 12 31 12 31 3 19 17
6 30 4. 5. 6 30 12 31 29,184 21,293 (i) 549 391 1,211 536 30,944 22,220 (3,749) (2,198) 27,195 20,022 (i) 6 30 12 31 12,549 11,887 3,625 2,438 2,646 1,784 1,267 488 20,087 16,597 (3,603) (2,122) 16,484 14,475 18
6 30 5. 6 30 12 31 3,981 2,436 2,957 1,169 2,843 1,302 1,076 716 10,857 5,623 (146) (76) 30 6. 10,711 5,547 6 30 12 31 15,687 14,639 1,204 1,431 7. 16,891 16,070 6 30 12 31 5,423 5,443 80 182 10,984 22,062 16,487 27,687 6 304.8% 12 31 4.7% 6 30 4.5% 6.0% 12 31 4.5% 6.0%4.5% 12 31 4.5% 19
6 30 7. 6 30 12 31 (i) 955 992 (i) 1 1 (ii) 19,993 19,986 (iii) 61,710 61,710 82,659 82,689 (20,072) (20,072) 62,587 62,617 (i) 1.00% 8.30% 12 31 1.00% 8.30%2060 (ii) 2009 12 28100.004.61% (iii) 30CDMA 2017 12 31 AAAAAA 55 AAAAAA 56.25% 0.03% 6 30 1,347.5612 31 1,576.94 20
6 30 8. 6 30 12 31 58,690 66,115 14,017 13,905 961 1,112 73,668 81,132 6 30 12 31 18,910 19,349 13,092 16,178 14,351 15,396 27,315 30,209 73,668 81,132 21
6 30 9. 6 30 12 31 6 30 12 31 6 30 12 31 1,461 1,071 1,461 1,071 1,522 1,431 (142) (184) 1,380 1,247 353 425 (228) (270) 125 155 (167) (177) (167) (177) 3,336 2,927 (537) (631) 2,799 2,296 1 1 6 30 1,071 390 1,461 1,247 133 1,380 155 (30) 125 (177) 10 (167) 2,296 503 2,799 22
6 30 10. 6 30 (i) 17,561 19,888 (ii) 30,148 28,426 (iii) 54,755 48,394 (iv) 18,996 17,851 (v) 14,538 12,176 (vi) 9,209 8,621 (vii) 20,766 22,203 165,973 157,559 6 13% [2014]436 1 11% 6% 6 1 3% (i) (ii) (iii) (iv) (v) IT (vi) (vii) 23
6 30 11. 6 30 15,527 12,879 5,777 5,200 4,362 3,438 3,666 1,840 12. 29,332 23,357 6 30 15,126 14,549 9,516 7,779 13. 24,642 22,328 6 30 (i) 6,342 7,805 (ii) 17,974 18,927 7 5 195 28 24,518 26,765 (i) (ii) 24
6 30 14. 6 30 3,014 2,988 * (155) (168) 2,859 2,820 (130) (179) 19 24 (12) (52) 2,736 2,613 * 4.2% 6.0% 1.1% 5.8% 15. 6 30 4,020 3,457 34 29 (493) (263) 3,561 3,223 25
6 30 15. : 6 30 15,035 13,516 25% (i) 3,759 3,379 (i) (159) (84) (ii) (25) (31) (iii) 123 146 (iv) (31) (45) (v) (106) (142) 3,561 3,223 (i) 15% 25% (ii) 12% 35% (iii) (iv) (v) 26
6 30 16. 5 2912 31 0.0765830.09561.987 18 5 292012 12 31 0.0671350.08554.337 19 17. 6 30 114.36 102.2580,932,368,321 18. 6 30 12 31 6 30 12 31 617 931 6,772 6,807 7,389 7,738 959 778 10,042 6,460 11,001 7,238 27
6 30 19. 13 6 30 9.5812 31 9.99 1.0% 6.6%12 31 1.0% 6.8% 6 30 12 31 6 30 12 31 82,659 83,943 82,689 82,002 28
6 30 20. (a) 6 30 (i) 1,395 1,663 (i) 1,623 2,078 (ii) 4,964 6,225 IT (iii) 81 83 IT (iii) 331 301 (iv) 1,255 1,220 (v) 5,908 5,548 (vi) 289 281 (vii) 220 232 (viii) 22 25 (viii) 173 205 (ix) 2,290 1,997 CDMA (x) 93 78 (xi) 8 7 (xii) 180 (i) (ii) (iii) IT (iv) (v) (vi 29
6 30 20. (a) (vii) (viii) (ix) 7 (x) CDMA (xi) (xii) : 6 30 12 31 549 391 1,132 1,037 1,681 1,428 14,017 13,905 5,255 1,690 10,984 22,062 61,710 61,710 91,966 99,367 7 6 30 12 31 30
6 30 20. (b) 6 30 4,728 4,469 471 370 5,199 4,839 (c) 14% 22% 6 30 28.65 2013 6 30 26.52 6 305.7312 31 7.07 31
6 30 20. (d) 20(a) 32
6 30 21. 7 11 100.00 129.9030.1040.00 29.9% 30.1% 40.0% 7 3110.009 30 10.00 12 31 9.907 10.00 33
6 30 6 30 571XV352 6 30 34
5 29 5 29 5 29 5 29 5 29 5 29 2013 13.51B(1) (www.chinatelecom-h.com) 35
6 30 336 5% (%) (%) 57,377,053,317 85.57% 70.89% 5,614,082,653 8.37% 6.94% JPMorgan Chase & Co. 1,671,003,134 11,337,494 1,371,487,312 H 12.04% 2.06% 116,499,822 182,976,000 40,000 1,371,487,312 H 0.08% 0.01% H 9.88% 1.69% Commonwealth Bank of Australia 1,663,644,504 H 11.99% 2.06% Blackrock, Inc. 1,123,940,022 16,974,000 H 8.10% 1.39% H 0.12% 0.02% Templeton Investment Counsel, LLC 694,547,094 H 5.00% 0.86% 6 30 336 36
6 30 6 30 6 30 1 1 6 30 1933 27 A1934 21 E 20-F 37
China Telecom Corporation Limited 31 Jinrong Street, Xicheng District, Beijing, PRC, 100033 31: 100033 www.chinatelecom-h.com