Financial report outlook China Telecom expects revenue of 507.843 billion yuan in 2023, a year on ye

Mondo Finance Updated on 2024-03-06

On the evening of March 4, China Telecom released the announcement of its 2023 annual performance report. Preliminary accounting of total operating income in 20235078.4.3 billion yuan, a year-on-year increase of 69%;Operating profit is:425.6.9 billion yuan, a year-on-year increase of 31%;Gross profit392.0.4 billion yuan, a year-on-year increase of 98%, net profit attributable to shareholders of the listed company is304.4.6 billion yuan, a year-on-year increase of 103%

It is worth noting that China Telecom attaches great importance to shareholder returns, strives to enhance profitability and cash flow generation capabilities, and continuously shares new achievements of high-quality development with shareholders, customers and society. In 2023, China Telecom will actively deliver on it"Within three years after the issuance and listing of A-shares, the annual profit distributed in cash will gradually increase to more than 70% of the profit attributable to shareholders of the Company in that year".Promise.

Overall, in 2023, China Telecom seized the opportunities of the development of the digital economy, continued to accelerate the transformation of basic services, strengthened the supply of digital products, and promoted the steady growth of basic services. We will comprehensively renew 5G applications, continue to improve the access capability of ultra-gigabit optical bandwidth, strengthen the linkage and integrated development of digital platforms, and launch smarter cloud networks, richer cloud applications, and more convenient cloud services, integrating them into urban governance and serving thousands of households.

At the same time, China Telecom actively grasps the important role of digitalization, networking and intelligence in economic and social transformation and development, based on the advantages of cloud-network integration, customer resources and localized services, and deeply lays out strategic emerging industries, driven by cloud computing and computing power, artificial intelligence, security, digital platform, big data, quantum and new-generation information and communication, strengthens the industry capability platform, improves the ability of digital products and services, promotes the deep integration of digital technology and the real economy, and empowers thousands of industries.

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