2 3 5 6 8 16 28 40 51 70 72 92 99 109 113 115 117 118 119 120 122 195 197
3 2.20 3,500 H
4
5 14 29% 100 2.54% 53H15 278 460 13
6 2005 2006 2007 2007 2006 163,078 170,645 175,362 2.8% EBITDA 81,748 84,866 85,974 1.3% EBITDA 50.1% 49.7% 49.0% -0.7 1 21,041 22,270 22,517 3 1.1% 53,896 49,116 45,558-7.2% 21,697 28,991 33,964 17.2% 2 76.3% 60.7% 47.6% -13.1 0.260 0.275 0.278 3 1.1% 0.075 0.085 0.085 2.283 2.548 2.730 7.1% 2005 2006 2007 169,859 175,616 178,656 EBITDA 88,529 89,837 89,268 EBITDA 52.1% 51.2% 50.0% 1 27,822 27,241 23,702 1 2 3 2007 www.chinatelecom-h.com
7 163,078 170,645 175,362 81,748 84,866 85,974 2005 2006 2007 2005 2006 2007 21,041 22,270 22,517 3 28,991 33,964 21,697 2005 2006 2007 2005 2006 2007
8
9 2007 1,786.56 32.94 1,753.62 2.8% EBITDA 1 859.74 1.3% EBITDA 1 49.0%2006 2 225.17 1.1%455.58 7.2% 3 339.64 17.2% 0.085 1 EBITDA 892.68EBITDA50.0% 2 2007 48.0927.55 237.02 3 EBITDA
10 2007 e 2007e 188.4 1,053.6 36.5%2006 7.4 7.9% IP IT
11 CRM 20062.8
12 2007 2007 2008
13 2008 3 31
733
16 200520062007 2005 2006 2007 2007 2006 210.09 223.04 220.33-1.2% 449,404 422,562 406,268-3.9% 93,817 95,567 98,251 2.8% 1,711 1,601 1,588-0.8% 21.02 28.32 35.65 25.9% 102,670 124,452 135,447 8.8% 131.46 145.73 146.74 0.7% 17,254 23,277 23,346 0.3% 18.16 36.68 63.19 72.2%
17 2007 2007 1,786.56 20061.7% 1,753.62 2.8% 32.1% 35.4% 2007 2007 27122,033 5,804 468 2007 1 1,113.12 2006 7.9% 63.5% 2006 7.4 170,645 +2.8% 175,362 223.0 220.3 49,734 +28.8% 64,050 62.7 15.5 22.5 58.0 15.7 24.8 120,911-7.9% 111,312 122.3 121.8 2006 2007 2006.12.31 2007.12.31 1
18 2007 704.24 9.8%241.27 5.4% 28.8210.6% 138.791.5% 2007 11.2% 4.3% (+2.8%) -13.9% 33.8% 48.0% 18.2%
19 2007 2007 2 640.50 36.5%20067.4 2007 313.40 32.1%17.9% 20064.02007 7333,565 IDC 56.0% ARPU2007 ARPU80 49,734 +28.8% 64,050 36.5% 29.1% 2006 2007 2
20 2007 192.31 35.4% 11.0%20062.6 79.1%28.7% 2007 IT 2007 155.5% IT 108.1% 90.1% IT IPTV 2007 8.3% 66.6%
21 2007 83.34 9.3% 30.13 53.21 2007 10000 10000 2007 10000e8 e6 26.7% ICT 2007 e
22 200711.2% 188 5,8438.4 e 2007 e e8 e6 e 2007e1,054 e8 76% e e8 e8 28%e 4.3%
23 2007 455.58 7.2% 26.0%2.8 2007 37.4% 2007 31.9% 22.2%63.4% 24.8% e 2007
24 2007IP CN2 IP 20072M 85%8M 65%712 2007WLAN e e IT 2007 BSS CRM 2008
25 2008 IT
35%
28
29 2007 1,786.56 20061.7% 1,416.45 20063.3% 237.02 0.29EBITDA 1 892.68EBITDA50.0% 2 2007 1,753.62 2006 2.8% 225.17 20061.1% 0.28EBITDA 859.74EBITDA49.0% 2007 1,786.56 2006 1.7% 2007 1,753.62 2006 47.17 2.8% 200676.16 50.28 2006 7.739.66 2006 1 EBITDA EBITDA EBITDA EBITDA 2 3,261.23 48.0927.55
30 20062007 12 31 2007 2006 3 2,735 2,913-6.1% 25,346 28,973-12.5% 42,343 46,188-8.3% 70,424 78,074-9.8% 24,127 25,517-5.4% 2,882 3,225-10.6% 13,879 14,095-1.5% 40,888 42,837-4.5% 31,340 23,724 32.1% 19,231 14,203 35.4% 3,013 3,080-2.2% 4 10,466 8,727 19.9% 175,362 170,645 2.8% 3,294 4,971-33.7% 178,656 175,616 1.7% 3 4
31 2007704.24 2006780.74 9.8% 39.4% 40.2% 200727.35 200629.13 6.1% 2007253.46 2006289.73 12.5% 2007 270.09 2006 287.426.0% 15.1% 15.4% 2007 241.27 2006255.17 5.4%982.51 2006955.672.8% 2006 0.27 20070.25 2007 28.82 200632.25 10.6% 1.8120062.01 10.0% 2007 423.43 2006461.88 8.3% 2007 4,062.68 2006 3.9%
32 2007138.79 2006140.95 1.5% 7.8% 7.9% 2007 313.40 2006237.24 32.1% 17.5% 17.9% 2007 12 3,565 2006 12 733 25.9% 2007 192.31 2006142.03 35.4% 10.8% 11.0% IT 200730.13 200630.80 2.2% 2007 104.66 200687.27 19.9% 53.21 200645.48 17.0
33 2001 7 2007 32.94 200649.71 33.7% 201120082011 12 31 2008 2009 2010 2011 2,022 1,151 497 98 2007 1,416.45 2006 3.3% 200678.1%79.3% 80.8%2006 20062007 12 31 2007 2006 52,257 51,301 1.9% 31,622 31,055 1.8% 23,667 22,259 6.3% 27,242 26,210 3.9% 6,857 6,255 9.6% 141,645 137,080 3.3%
34 2007 522.57 2006 1.9% 29.3% 200630.1% 29.8% 2007 316.22 2006310.55 1.8% 17.7% 18.0% IT 2007 236.67 2006222.59 6.3% 13.2% 13.5% 2007 272.42 2006262.10 3.9% IP IT 15.2% 15.5%2006 2007 68.57 2006 62.55 9.6% 2007 71.19 2006 9.7%
35 2007 43.00 200644.89 4.2%1.05 2006 5.94 3,261.23 48.09 27.55 33% 2007 64.52 21.3% 23.9 15% 2007 13.19 33% 25%
36 2007 237.02 2006272.41 13.0 225.17 2006222.70 1.1% 2007 455.58 2006 491.16 7.2% 2008 450.00 200718.38 200640.53
37 20062007 12 31 2007 2006 74,876 74,802 (46,209) (50,039) (30,505) (20,710) (1,838) 4,053 2007748.76 2006 2007462.09 200638.30 2007305.05 2006 207.102006 2007958.57 20061,134.23 175.66 2007 203.8492.6%
38 20062007 12 31 2007 2006 67,166 79,576 3,811 8,242 29 48 34,148 37,257 105,154 125,123 20071,051.54 2006 199.69 200629.9%200725.8% 96.5% 1.0% 1.7% 0.8%70.6% 68,644 68,644 48,524 5,539 2,407 2,600 1,786 36,192 29 24 5 2,021 552 369 302 231 567 3,573 3,573 122,791 78,332 2,781 2,902 2,017 36,759
39 55.57 5.72 9.60
40 7 5 3 1 2 4 6 8
41 1. 2. 3. 4. 5. 6. 7. 8.
42 50 1989 2005 27 59 32
43 53 1983 19961998 2000 5 26 52 1982 1986 1988 2004 2000 5 26
44 56 28 54 19761989 2000 8 32
45 461984 24 51 24
46 56 EMBA 67 1965 40
47 601971 1998 1999 2001 2002 20022005 711960 40
48 58 MBA 60 1976 1984 2003 3 19972000
49 45 53 33 44 21 67 40 44 23
50 44 54 30
51 2007 12 31 2008 2 25 2007 12 31 115194 2007 12 31 0.085 62.79 2008 5 30 H 2008 6 16
52 50 2004 12 20 59 2004 12 20 53 2002 9 10 52 2002 9 10 56 2007 8 31 54 2002 9 10 46 2004 10 20 51 2004 10 20 56 2004 12 20 67 2002 9 10 60 2002 9 10 71 2003 6 20 58 2005 9 9 60 2005 9 9 45 2005 2 1 53 2002 9 10 2007 8 31
53 44 2007 5 29 67 2002 9 10 44 2007 5 29 44 2005 9 9 54 2005 9 9 2007 5 2007 12 31 80,932,368,321 80,932,368,321 1.002007 12 31 67,054,958,321 82.85 57,377,053,317 70.89 5,614,082,653 6.94 2,137,473,626 2.64 969,317,182 1.20 957,031,543 1.18 H 13,877,410,000 17.15 80,932,368,321 100.00
54 2007 12 31336 571 5% 57,377,053,317 85.57% 70.89% 5,614,082,653 8.37% 6.94% UBS AG 936,365,249 H 6.75% 1.16% 826,463,949 109,901,300 569,021,240 H 4.10% 0.70% 501,802,440 41,126,800 26,092,000 ABN AMRO Holding N.V. 816,942,826 H 5.89% 1.01% () 2,355,539,096 H 16.97% 2.91%
55 Deutsche Bank 785,798,421 H 5.66% 0.97% 550,748,921 Aktiengesellschaft 131,411,800 103,637,700 901,872,671 H 6.50% 1.11% 883,908,671 1,924,000 16,040,000 KBC Group N.V. 694,144,407 H 5.00% 0.86% 390,421,431 H 2.81% 0.48% 2007 12 31336
56 2007 12 31 XV 352 2007 12 31 2007 12 31 2007 26
57 2007 12 315 195196 14 2007 12 31 24 2007 12 31 3 2007 12 31 2007 244.14 2008 5 30 2007 12 31 19
58 2007 12 31 0.54 2007 12 31 67 119 35 36 2007 12 31 5 30 2007 12 31 5 31.4 2007 12 31 15.5 5%
59 2007 12 31 250 560 681 1 1,304 1,440 398 590 IT 364 490 120 310 7,815 8,327 2,266 3,110 3,574 3,900 1 2006 9 12
60 2007 12 26 2007 12 26 2008 12 311 3 0.06
61 2006 8 30 22008 12 313 3 (1) (2)(3) (4) 2007 12 26 2008 12 311 3 2007 12 26 2008 12 311 3
62 IT IT (1) 1%(2) 3% 2007 12 26 2008 12 311 3 IT2007 12 26 2008 12 311 3
63 50 200 2008 12 313 3 2007 12 26 2008 12 313 3
64 2007 12 26 2008 12 31 3 3 2006 8 30 2007 6 15 2007 1 12009 12 31 10.6% 2007 1 12009 12 31 17.80
65 2007 1 12009 12 31 14A
66 2007 12 31 1. 1. 2. 2. (i) (ii) 3. 3. 4. 200772 2007 12 31
67 2007 12 31 2008 12 31 2008 5 30 2008 3 31
# 1
70 2007 3 2006 20062007 6 7 8 2007 2007 2007
71 2007 2008 2008 3 31
72 2007 2007 6
73 SEC 2007 2007 2007
74 2007 2008 2007 5 29
75 2007 8 7 2007 8 31 14 2008 9 9 81 5 2007 8 31 28 2007 2006 2007 5 29 2006 2007
76 2007 12 31 ARC
77 14 4/4 100% 4/4 100% 4/4 100% 4/4 100% * 2/3 67% ** 1/1 100% 4/4 100% 4/4 100% 4/4 100% * 2007 8 31 ** 2007 8 31 4/4 100% 4/4 100% 4/4 100% 4/4 100% 4/4 100% 4/4 100%
78 2007 200711 www.chinatelecom-h.com inova Award 4
79 2007 20074 4 100% 4/4 100% 4/4 100% 4/4 100% 4/4 100%
80 4 2007 1 4 100% 1/1 100% 1/1 100% 1/1 100% 1/1 100% 4
81 20071 5 4 100% 1/1 100% 1/1 100% 1/1 100% 1/1 100% 2007 6 15 5
82 112007 5 5 3 2/2 100% * 1/1 100% 3/3 100% 2/2 100% * 1/1 100% 3/3 100% 3/3 100% * 2007 5 29 2007 12 31
83 58.0 0.9 20082007 2003 8 COSO 2007 2006 IT IT
84 2007
85 2007 C2 2007 COSO PCAOB 5
86 20 2008 3
87 2007 12 31 2006 EBITDA 2007 Money Show 2007 2007
88 Money Show 2007 1 2007 1 2007 3 2007 4 2007 5 2007 5 2007 5 2007 5 2007 7 2007 9 2007 9 2007 11 2007 11 2007 11 2007 2007 2007 2007 2007 DBS Vickers 2007 2007 2007 2007 2007 2007 2007 2007 2007
89 303A 303A. 02
29%
92
93 2007285,105 42,211 14.8% 147,878 51.8% 93,731 32.9% 1,285 0.5% 285,105 100.0% 2007
94 (KCI)
95 IP IT 2007 IP IT 2007 1,400 6
96 2007 12 31 207,689 72.8%8.48 2007 12 31 98.35 5,580 2,833
97 3 2 1-6 3 4 150
98
99 2007 136.54
100 2007 2.20 3,565
101 431 2002 30 2007 30015 3,000
102 2007 2007 2008 2
103 2007 2007 10 1. 2007
104 2. 3. 4. e
105 10000 2007 2008 32 15 4 2007
106 2007 2008 400
107 2008
108
109 JW 1. 2. 3. 4. (1) 600 (2) (a)
110 (b) (c) 5. (a) (c) (b) (c) (a) (a) H (i) (ii) H 20%
111 (d) 5 5 (i) (ii) (iii) 6. 5 (1) (2) (3) H 18318 1806-1807
112 (4) (5) (a) (b) (6) (7) (8) 100032 (8610) 6642 8166 (8610) 6601 0728
113 115 194
114 108
115 2007 2006 3 326,123 328,379 4 13,208 18,426 5,239 5,092 5 2,758 1,857 7 793 581 8 274 203 9 9,260 10,971 17 7,669 9,156 365,324 374,665 10 2,663 3,213 11 16,710 15,992 12 2,751 2,556 172 119 13 20,384 22,326 42,680 44,206 408,004 418,871 14 67,166 79,576 14 3,811 8,242 15 28,363 32,355 16 30,476 27,186 3,068 3,124 24 48 17 5,629 7,098 138,537 157,629 (95,857) (113,423) 269,467 261,242 14 34,148 37,257 5 17 9,823 13,625 9 3,119 2,711 47,095 53,593 185,632 211,222 122194
116 2007 2006 18 80,932 80,932 19 139,989 125,269 220,921 206,201 1,451 1,448 222,372 207,649 408,004 418,871 122194
117 2007 2006 3 641 371 4 202 249 11 5 24 24 6 178,642 177,132 4 2 179,524 177,778 11 255 266 12 69,337 64,935 13 5,814 8,381 75,406 73,582 254,930 251,360 14 10,000 20,000 15 110 69 16 15,937 15,809 1,106 1,419 27,153 37,297 48,253 36,285 227,777 214,063 14 30,150 30,150 57,303 67,447 18 80,932 80,932 19 116,695 102,981 197,627 183,913 254,930 251,360 122194
118 2007 2006 20 178,656 175,616 (52,257) (51,301) (31,622) (31,055) (23,667) (22,259) 21 (27,242) (26,210) 22 (6,857) (6,255) 23 (141,645) (137,080) 37,011 38,536 3 (2,755) 24 (4,300) (4,489) 83 (25) 212 61 30,251 34,083 25 (6,452) (6,759) 23,799 27,324 23,702 27,241 97 83 23,799 27,324 30 0.29 0.34 30 80,932 80,932 122194
119 2006 1 1 80,932 (2,804) 10,746 7,451 42,216 7,501 35,475 181,517 1,444 182,961 1 3,387 (170) 3,217 3,217 2006 1 1 80,932 (2,804) 10,746 7,451 42,216 10,888 (170) 35,475 184,734 1,444 186,178 9 5 5 5 0.22 44 44 44 (309) (309) (309) 49 (309) (260) (260) 27,241 27,241 83 27,324 49 (309) 27,241 26,981 83 27,064 33 (33) (94) 94 (182) 182 (79) (79) 29 (6,283) (6,283) (6,283) 19 7,602 (7,602) 769 769 769 99 (99) 2006 12 31 80,932 (2,804) 10,746 7,357 49,818 11,656 (479) 48,975 206,201 1,448 207,649 9 (1,577) (1,577) (1,577) 3 4,809 4,809 4,809 9 (1,136) (1,136) (1,136) 0.14 64 64 64 (103) (103) (103) 2,057 2,057 23,702 23,702 97 23,799 4,809 (2,649) (103) 23,702 25,759 97 25,856 31 (31) (194) 194 (169) 169 (94) (94) 29 (6,741) (6,741) (6,741) 19 5,388 (5,388) (2,890) (2,890) (2,890) 156 (156) 19 (2,839) 2,839 1 (1,408) (1,408) (1,408) 2007 12 31 80,932 (2,804) 10,746 11,972 52,367 4,727 (582) 63,563 220,921 1,451 222,372 122194
120 2007 2006 (a) 74,876 74,802 (46,189) (50,491) (72) (259) (82) 322 361 42 (172) (119) 119 292 (46,209) (50,039) (48) (108) 84,990 95,224 (104,836) (100,233) (10,000) (1,408) (6,273) (6,283) (2,890) 769 (40) (79) (30,505) (20,710) (1,838) 4,053 22,326 18,571 (104) (298) 20,384 22,326 122194
121 2007 2006 30,251 34,083 52,257 51,301 2,755 1,390 1,236 (83) 25 (212) (61) (366) (502) 4,771 5,092 (104) (50) 1,718 2,143 92,377 93,267 (2,081) (818) 550 (511) (98) 6 1,487 1,522 (3,047) 141 2,816 (1,246) (5,271) (6,985) 86,733 85,376 399 469 (5,206) (5,401) 66 26 (7,116) (5,668) 74,876 74,802 122194
122 70% 30%
123 683.171.00 460.00110.00 350.0014 278.0083.40194.60 H 43.1014
124 14.08
125 175,093 523 175,616 27,225 99 27,324 414,041 4,830 418,871 210,168 1,054 211,222
126 2(g) 2(l) 37
127 (i) 732 7 32 (ii) 1 33 71 38
128
129 2(i) 2(m)
130 2(m)
131 3 0.32 1.97
132 8-30 6-10 4-10 2070
133 2(m) 2(m) 3 5 2(m) 2(m)
134 13.9012.36
135 (i) (ii) (iii)(iv) (i) (ii) (iii) (iv) (v)
136 (i) (ii) (iii) (iv) 103.97105.20 5.242.92
137 35 36
138 10% 10%
139 2006 1 1 70,829 485,384 22,069 578,282 103 746 579 1,428 3,259 47,414 1,113 51,786 (362) (13,798) (1,155) (15,315) (83) 3,467 (3,384) 2006 12 31 73,746 523,213 19,222 616,181 177 709 619 1,505 3,016 43,262 1,373 47,651 (193) (13,405) (968) (14,566) (23) 230 (207) 3,739 19,405 (4) 23,140 80,462 573,414 20,035 673,911 2006 1 1 (13,842) (225,090) (10,979) (249,911) (2,943) (45,298) (2,493) (50,734) 135 11,642 1,066 12,843 (117) (1,384) 1,501 2006 12 31 (16,767) (260,130) (10,905) (287,802) (3,052) (46,157) (2,240) (51,449) 78 11,568 903 12,549 (69) 59 10 (161) (20,928) 3 (21,086) (19,971) (315,588) (12,229) (347,788) 60,491 257,826 7,806 326,123 2006 12 31 56,979 263,083 8,317 328,379
140 2006 1 1 326 137 463 3 2 5 84 9 93 (21) (12) (33) 14 (14) 2006 12 31 406 122 528 2 4 6 216 68 69 353 (40) (14) (54) 32 (4) 28 216 468 177 861 2006 1 1 (46) (69) (115) (49) (20) (69) 15 12 27 (5) 5 2006 12 31 (85) (72) (157) (2) (49) (17) (68) 25 13 38 (36) 3 (33) (2) (145) (73) (220) 214 323 104 641 2006 12 31 321 50 371
141 2(g) 3,261.2348.09 27.55 56,913 3,578 60,491 259,349 1,231 (2,754) 257,826 7,807 (1) 7,806 324,069 4,809 (2,755) 326,123 2006 1 1 23,567 156 46,645 186 (51,786) (93) 2006 12 31 18,426 249 42,433 306 (47,651) (353) 2007 12 31 13,208 202
142 2006 1 1 2,068 50 1,043 10 (161) 2006 12 31 2,950 60 1,620 8 (102) 4,468 68 2006 1 1 (762) (22) (460) (14) 129 2006 12 31 (1,093) (36) (696) (8) 79 (1,710) (44) 2,758 24 2006 12 31 1,857 24
143 2006 178,642 177,132 2002 10 11 15,984 2002 10 10 47,513 2002 10 19 19,208 2002 10 10 22,400 2003 8 26 3,871 2003 8 28 10,364 2003 9 18 4,523 2003 8 28 4,992 2003 8 22 4,276 2003 8 28 8,123 2004 3 9 6,208
144 2004 3 12 3,574 2004 3 9 1,233 2004 3 12 2,801 2004 3 9 3,747 2004 3 8 3,254 2004 3 10 4,515 2004 3 10 965 2004 3 10 795 2004 3 11 4,660 2001 9 13 142 2000 2 25 100,000 2001 11 22 23 2007 8 15 350
145 2006 793 581 50% 24% 2006 177 104 97 99 274 203
146 2006 2006 2006 557 540 557 540 1,205 589 (2,222) (1,566) (1,017) (977) 1,626 2,152 (861) (1,123) 765 1,029 5,872 7,690 5,872 7,690 (36) (22) (36) (22) 9,260 10,971 (3,119) (2,711) 6,141 8,260
147 2006 2006 1 1 12 31 369 171 540 (885) (92) (977) 1,002 27 1,029 (i), (iv) 7,867 (182) 5 7,690 (22) (22) 8,353 (76) (17) 8,260 25 540 17 557 (ii), (iii) (977) 1,024 (1,064) (1,017) 1,029 (264) 765 (i), (iii) 7,690 (169) (1,649) 5,872 (22) (14) (36) 8,260 608 (2,727) 6,141 25
148 (i) (ii) 3 6.4611.36 (iii) 25% 25% 33% 25% 15% 18% 20% 22% 24% 25% 15%15% 25% 1.12 15.77 (iv)
149 2006 1,451 1,770 1,212 1,443 2,663 3,213 2006 2006 16,560 15,501 157 153 46 69 207 199 1,377 1,792 52 44 18,144 17,492 255 266 (1,434) (1,500) 16,710 15,992 255 266 30
150 2006 1,500 1,507 1,361 1,224 (1,427) (1,231) 1,434 1,500 2006 10,882 11,634 2,358 1,074 1,003 1,062 301 314 14,544 14,084 (1,304) (1,376) 13,240 12,708
151 2006 2006 1,660 1,716 73 76 996 814 95 104 468 546 47 80 476 332 40 6 3,600 3,408 255 266 (130) (124) 3,470 3,284 255 266 2006 2006 423 588 3 69,239 64,919 236 242 850 742 88 704 587 1 538 397 10 12 2,751 2,556 69,337 64,935
152 2006 2006 16,437 10,762 2,090 881 3,947 11,564 3,724 7,500 20,384 22,326 5,814 8,381 2006 2006 29,325 35,750 20,000 20,000 37,841 23,826 10,000 67,166 79,576 10,000 20,000 4.4% 3.7%4.2% 5.5%2.6% 5.3%
153 2006 2006 5.18% 7.05% 4,113 11,039 2020 1.00% 7.70% 1,012 1,320 2060 2.30% 3.50% 1,768 2,053 2040 2.30% 9.20% 839 851 2032 71 84 7,803 15,347 6 2 (i) 15,000 15,000 15,000 15,000 (ii) 15,150 15,150 15,150 15,150 37,959 45,499 30,150 30,150 (3,811) (8,242) 34,148 37,257 30,150 30,150
154 (i) 1 5.184% 100.00 (ii) 1 5.184% 2006 2006 1 3,811 8,242 12 699 3,815 23 983 656 34 190 246 45 196 208 32,080 32,332 30,150 30,150 37,959 45,499 30,150 30,150 368.23 402.68
155 2006 2006 22,860 25,709 92 61 5,448 6,583 18 8 55 63 28,363 32,355 110 69 2006 2006 5,288 6,115 22 8,161 8,831 11 45 6,343 7,181 7 9 8,571 10,228 70 15 28,363 32,355 110 69
156 2006 2006 915 1,984 88 175 14,445 14,340 199 181 75 14,272 13,244 754 1,204 14,622 11,777 107 90 468 468 30,476 27,186 15,937 15,809
157 10 2006 20,723 27,708 793 912 4,027 4,204 4,820 5,116 (3,294) (4,971) (2,735) (2,913) (4,062) (4,217) 15,452 20,723 5,629 7,098 9,823 13,625 15,452 20,723 69.79 84.73
158 2006 67,054,958,321 1.00 67,055 67,055 13,877,410,000 H 1.00 13,877 13,877 80,932 80,932 H
159 (i) (iii) (ii) 2006 1 1 (2,804) 10,746 7,451 42,216 7,501 35,475 100,585 3,387 (170) 3,217 2006 1 1 (2,804) 10,746 7,451 42,216 10,888 (170) 35,475 103,802 9 5 5 0.22 44 44 (309) (309) 27,241 27,241 33 (33) (94) 94 (182) 182 29 (6,283) (6,283) (iii) 7,602 (7,602) 769 769 99 (99) 2006 12 31 (2,804) 10,746 7,357 49,818 11,656 (479) 48,975 125,269 9 (1,577) (1,577) 3 4,809 4,809 9 (1,136) (1,136) 0.14 64 64 (103) (103) 23,702 23,702 31 (31) (194) 194 (169) 169 29 (6,741) (6,741) (iii) 5,388 (5,388) (2,890) (2,890) 156 (156) (iii) (2,839) 2,839 1 (1,408) (1,408) 2007 12 31 (2,804) 10,746 11,972 52,367 4,727 (582) 63,563 139,989
160 (i) (iii) 2006 1 1 29,168 10,746 42,216 7,858 89,988 19,276 19,276 (iii) 7,602 (7,602) 29) (6,283) (6,283) 2006 12 31 29,168 10,746 49,818 13,249 102,981 20,455 20,455 (iii) 5,388 (5,388) (iii) (2,839) 2,839 29) (6,741) (6,741) 2007 12 31 29,168 10,746 52,367 24,414 116,695 (i) (a) (b) 1 (ii) 9(i) 9(ii)
161 (iii) 10% 50% 20.7225.34 10% 33.16 50.6816% 20% 25% 5% 10% 70.78
162 (iv) 244.14132.49 62.7929 2007 2006 (i) 3,294 4,971 (ii) 2,735 2,913 (iii) 25,346 28,973 (iv) 42,343 46,188 (iv) 24,127 25,517 (iv) 2,882 3,225 (v) 31,340 23,724 (vi) 3,013 3,080 (vii) 13,879 14,095 (viii) 5,321 4,548 (ix) 19,231 14,203 (x) 5,145 4,179 178,656 175,616
163 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x)
164 2007 2006 17,299 17,573 9,943 8,637 27,242 26,210 2007 2006 (i) 6,760 6,212 54 23 43 20 6,857 6,255 (i)
165 0.58 0.61 2007 2006 5,214 5,808 * (443) (716) 4,771 5,092 (366) (502) 43 60 (148) (161) 4,300 4,489 * 2.3%-6.7% 1.9%-5.0% 2007 2006 7,028 6,668 32 15 9 (608) 76 6,452 6,759
166 2007 2006 30,251 34,083 33% (i) 9,983 11,247 (i) (1,678) (1,714) (ii) (41) (6) (iii) 1,360 1,210 iv) (1,965) (2,565) 9 (iii) 112 (1,319) (1,413) 6,452 6,759 (i) 15% 33% (ii) 17.5% 35% (iii) (iv
167 324 1,080 66 513 1,983 292 972 60 410 1,734 276 1,127 56 331 1,790 276 1,127 55 331 1,789 * 161 1,013 33 1,962 3,169 276 1,127 56 331 1,790 276 1,052 54 410 1,792 276 1,052 55 410 1,793 * 115 115 230 150 150 200 200 150 150 150 150 500 500 ^ 91 202 30 276 599 ^ 15 147 162 ^ 62 212 19 293 116 230 38 152 536 184 349 52 249 834 ^ 50 56 20 126 75 75 1,225 2,790 9,861 594 5,375 19,845 * ^
168 324 745 64 1,133 291 671 58 1,020 276 633 54 314 1,277 276 633 54 314 1,277 276 633 54 314 1,277 276 633 54 314 1,277 * 108 107 22 162 399 276 633 52 961 276 633 53 962 150 150 200 200 150 150 150 150 500 500 142 218 50 236 646 131 174 40 170 515 109 188 36 144 477 173 263 50 236 722 75 75 1,225 2,934 6,164 641 2,204 13,168 *
169 26 204.55 192.76 0.085 62.79 0.083302 0.085 67.4162.734.68 0.077637 0.075 62.83
170 237.02272.4180,932,368,321 2007 2006 1 552 481 12 369 320 23 302 269 34 231 223 45 184 172 383 329 2,021 1,794 17.1613.83
171 2007 2006 2007 2006 718 570 53 113 2,855 2,832 62 3 3,573 3,402 115 116 1,005 1,622 54 165 3,449 5,590 24 6 4,454 7,212 78 171 (a) (b)
172 11.9516.49
173 1.5% 7.047%2006 1.5% 6.156% 2007 2006 37,959 35,037 45,499 43,783 1.771.04
174 10% 11
175 2007 67,166 (68,644) (68,644) 37,959 (48,524) (5,539) (2,407) (6,178) (34,400) 28,363 (28,363) (28,363) 30,476 (30,476) (30,476) 3,068 (3,068) (3,068) 29 (29) (24) (5) 167,061 (179,104) (136,114) (2,412) (6,178) (34,400)
176 2006 1 1 2 2 5 5 79,576 (81,427) (81,427) 45,499 (57,439) (9,924) (5,540) (4,144) (37,831) 32,355 (32,355) (32,355) 27,186 (27,186) (27,186) 3,124 (3,124) (3,124) 48 (48) (48) 187,788 (201,579) (154,064) (5,540) (4,144) (37,831)
177 2007 2006 % % 4.4 67,166 3.7 79,576 3.9 7,010 2.9 13,709 74,176 93,285 5.2 30,949 5.2 31,790 105,125 125,075 70.6% 74.6% 100 2.07 2.13
178 92.6% 96.5% 14 25.8% 29.9%
179 2007 2006 (i) 120 155 (ii) 8,179 8,216 (iii) 2,266 2,378 (iv) 3,574 3,238 (v) 1,284 1,143 (vi) 373 364 (vii) 250 306 (viii) 139 179 (viii) 820 750 (ix) 2,489 2,361
180 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii (ix) 14
181 : 2007 2006 207 199 423 588 630 787 5,448 6,583 915 1,984 37,841 23,826 30,150 30,150 74,354 62,543 14
182 12.5% 5% 13.30 10.6% 4.50
183 2007 2006 13,876 10,323 594 641 5,375 2,204 19,845 13,168 35
184
185 2007 2006 12,228 12,035 3,891 3,405 841 1,088 2007 2006 1,377 1,792 236 242 1,613 2,034 55 63 199 181 254 244
186 2007 2006 360 450 2,725 2,994
187 2007 2006 16,328 10,659 3,947 10,484 172 119 20,447 21,262 29,325 35,750 7,803 15,347 37,128 51,097 14
188 18% 20% 25.37 23.76 5.60 5.36 1 H H 2.765 1.48 18 25% 50% 75% 100%
189 5.60 2.78 24 25% 50% 75% 100% 8.373 2.85 24 25% 50% 75% 100% 2.040.67 6.895.14 9.98 5.74
190 2
191 2 m
192 8 1 23 11 2 12 13 14 19 11 1214
193 55.57 5.72
194
195 12 31 2007 2006 2005 2004 2003 3,294 4,971 6,781 8,458 9,771 2,735 2,913 2,970 2,865 2,643 25,346 28,973 30,351 29,827 27,499 42,343 46,188 47,624 47,646 45,815 24,127 25,517 25,993 26,231 25,460 2,882 3,225 3,474 3,832 3,977 31,340 23,724 17,914 14,183 10,020 3,013 3,080 2,990 3,015 3,210 13,879 14,095 12,838 10,719 8,365 5,321 4,548 4,560 4,158 5,103 24,376 18,382 14,364 10,502 10,059 178,656 175,616 169,859 161,436 151,922 52,257 51,301 49,678 47,188 46,612 31,622 31,055 30,792 27,805 31,636 23,667 22,259 19,919 19,256 16,815 27,242 26,210 25,101 23,340 20,915 6,857 6,255 5,518 4,139 3,176 141,645 137,080 131,008 121,728 119,154 37,011 38,536 38,851 39,708 32,768 (2,755) (1,262) (14,832) (4,300) (4,489) (4,886) (5,329) (3,349) 83 (25) (8) 6 (42) 212 61 62 29 35 30,251 34,083 34,019 33,152 14,580 (6,452) (6,759) (6,155) (5,182) (467) 23,799 27,324 27,864 27,970 14,113 23,702 27,241 27,822 27,917 14,057 97 83 42 53 56 23,799 27,324 27,864 27,970 14,113 0.29 0.34 0.34 0.35 0.19
196 12 31 2007 2006 2005 2004 2003 326,123 328,379 328,371 320,245 309,959 13,208 18,426 23,567 29,468 31,617 25,993 27,860 28,701 29,471 29,391 20,556 22,445 18,863 14,603 18,199 22,124 21,761 21,582 19,839 20,278 408,004 418,871 421,084 413,626 409,444 138,537 157,629 157,707 152,284 149,630 47,095 53,593 77,199 100,007 102,744 185,632 211,222 234,906 252,291 252,374 220,921 206,201 184,734 159,922 155,801 1,451 1,448 1,444 1,413 1,269 222,372 207,649 186,178 161,335 157,070 408,004 418,871 421,084 413,626 409,444
197 H2002 11 15 2002 11 14(ADSs) 100 H 728 CHA 7.58 3.31 6.20 98.66 42.25 78.07 +46% +44% 2007 12 31 80,932,368,321 2007 12 31 5,018 2002 11 152007 12 31 MSCI(MSCI)
198 80,932,368,321 80,932,368,321 1.00 67,054,958,321 82.85 57,377,053,317 70.89 5,614,082,653 6.94 2,137,473,626 2.64 969,317,182 1.20 957,031,543 1.18 H 13,877,410,000 17.15 80,932,368,321 100.00 5%H UBS AG 936,365,249 6.75 ABN AMRO Holding N.V. 816,942,826 5.89 Deutsche Bank Aktiengesellschaft 785,798,421 5.66 KBC Group N.V. 694,144,407 5.00
199 2002 2003 5 16 2003 6 20 2003 7 10 0.00837 * 2003 2004 4 1 2004 5 3 2004 5 20 0.065 2004 2005 4 21 2005 5 25 2005 6 23 0.065 2005 2006 4 20 2006 5 23 2006 6 15 0.075 2006 2007 4 26 2007 5 29 2007 6 15 0.085 2007 2008 4 28 2008 5 30 2008 6 16 0.085 ** * 0.065 2002 ** http://www.chinatelecom-h.com 20-F 1002006 50 10,500 2007 +852 2877 0988 www.chinatelecom-h.com
200 H 31 183 100032 86 10 6642 8166 17 86 10 6601 0728 1712-1716 852 2862 8555 852 2865 0990 hkinfo@computershare.com.hk 852 2877 9777 Investor Services 852 2877 0988 P.O. Box 11258 ir@chinatelecom-h.com Church Street Station New York, NY 10286-1258 1-888-269-2377 (toll free in USA) 86 10 6642 8166 1-212-815-3700 (international) 86 10 6601 0728 shareowners@bankofny.com ir@chinatelecom.com.cn http://www.stockbny.com 1933A 1934 E 20-F