Financial Summary
(Amounts in millions, except per share data)
|
Year ended 31 December |
|||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
RMB |
RMB |
RMB |
RMB |
RMB |
|
|
(restated) |
|||||
|
Results of operation |
|||||
|
Operating revenues |
481,448 |
439,553 |
393,561 |
375,734 |
377,124 |
|
Depreciation and amortisation |
(96,932) |
(92,966) |
(90,240) |
(88,145) |
(75,493) |
|
Network operations and support |
(147,589) |
(133,340) |
(119,517) |
(109,799) |
(116,062) |
|
Selling, general and administrative |
(64,277) |
(61,154) |
(55,059) |
(57,361) |
(59,422) |
|
Personnel expenses |
(84,772) |
(76,057) |
(65,989) |
(63,567) |
(59,736) |
|
Other operating expenses |
(54,451) |
(45,088) |
(29,074) |
(27,792) |
(37,697) |
|
Impairment loss on property, plant and equipment |
– |
– |
(5,042) |
– |
– |
|
Operating expenses |
(448,021) |
(408,605) |
(364,921) |
(346,664) |
(348,410) |
|
Operating profit |
33,427 |
30,948 |
28,640 |
29,070 |
28,714 |
|
Net finance costs |
(7) |
(1,293) |
(3,014) |
(3,639) |
(2,708) |
|
Investment income and others |
243 |
2,244 |
60 |
30 |
38 |
|
Share of profits of associates and joint ventures |
2,051 |
1,966 |
1,701 |
1,573 |
2,104 |
|
Profit before taxation |
35,714 |
33,865 |
27,387 |
27,034 |
28,148 |
|
Income tax |
(8,038) |
(7,716) |
(6,307) |
(6,322) |
(6,810) |
|
Profit for the year |
27,676 |
26,149 |
21,080 |
20,712 |
21,338 |
|
Year ended 31 December |
|||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
RMB |
RMB |
RMB |
RMB |
RMB |
|
|
(restated) |
|||||
|
Other comprehensive income for the year |
|||||
|
Items that will not be reclassified subsequently |
|||||
|
Change in fair value of investments in equity instruments at fair value through other comprehensive income |
(222) |
20 |
(385) |
604 |
(324) |
|
Deferred tax on change in fair value of investments in equity instruments at fair |
50 |
(15) |
97 |
(147) |
82 |
|
Items that may be reclassified subsequently to profit or loss: |
|||||
|
Exchange difference on translation of financial statements of subsidiaries |
712 |
(233) |
(312) |
102 |
154 |
|
Share of other comprehensive income of associates and joint ventures |
– |
– |
(4) |
(2) |
(7) |
|
Other comprehensive income for the year, |
540 |
(228) |
(604) |
557 |
(95) |
|
Total comprehensive income for the year |
28,216 |
25,921 |
20,476 |
21,269 |
21,243 |
|
Profit attributable to |
|||||
|
Equity holders of the Company |
27,593 |
25,949 |
20,850 |
20,517 |
21,210 |
|
Non-controlling interests |
83 |
200 |
230 |
195 |
128 |
|
Profit for the year |
27,676 |
26,149 |
21,080 |
20,712 |
21,338 |
|
Total comprehensive income attributable to |
|||||
|
Equity shareholders of the Company |
28,133 |
25,721 |
20,244 |
21,074 |
21,115 |
|
Non-controlling interests |
83 |
200 |
232 |
195 |
128 |
|
Total comprehensive income for the year |
28,216 |
25,921 |
20,476 |
21,269 |
21,243 |
|
Basic earnings per share (RMB) |
0.30 |
0.31 |
0.26 |
0.25 |
0.26 |
|
Diluted earnings per share (RMB) |
0.30 |
0.31 |
0.26 |
0.25 |
0.26 |
|
As at 31 December of the year |
|||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
RMB |
RMB |
RMB |
RMB |
RMB |
|
|
(restated) |
|||||
|
Financial condition |
|||||
|
Property, plant and equipment, net |
413,963 |
415,981 |
418,605 |
410,008 |
407,795 |
|
Construction in progress |
58,443 |
51,457 |
48,425 |
59,206 |
66,644 |
|
Other non-current assets |
194,220 |
167,438 |
164,050 |
160,735 |
115,938 |
|
Cash and bank deposits |
76,300 |
75,213 |
33,092 |
24,419 |
23,480 |
|
Other current assets |
64,772 |
52,150 |
50,924 |
48,763 |
49,525 |
|
Total assets |
807,698 |
762,239 |
715,096 |
703,131 |
663,382 |
|
Current liabilities |
281,737 |
265,071 |
271,142 |
264,661 |
258,920 |
|
Non-current liabilities |
89,534 |
65,995 |
77,779 |
83,430 |
60,363 |
|
Total liabilities |
371,271 |
331,066 |
348,921 |
348,091 |
319,283 |
|
Total equity attributable to equity |
432,089 |
428,678 |
363,456 |
352,510 |
343,069 |
|
Non-controlling interests |
4,338 |
2,495 |
2,719 |
2,530 |
1,030 |
|
Total equity |
436,427 |
431,173 |
366,175 |
355,040 |
344,099 |
|
Total liabilities and equity |
807,698 |
762,239 |
715,096 |
703,131 |
663,382 |