China Telecom Corporation Limited logo

China Telecom Corporation Limited

0728.HK

HKSECommunication ServicesTelecommunications Services

Latest quote

HK$4.85

−HK$0.035 · -0.72%

Aug 24, 11:59 AM HKT

0728.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Telecom Corporation Limited, along with its various subsidiaries, primarily provides an extensive range of fixed-line and mobile telecommunication services throughout the People's Republic of China. Its offerings include traditional wireline voice communications, encompassing local and long-distance calls, alongside CDMA mobile voice services that cover local, national, and international calls, as well as different roaming capabilities. The company also furnishes wireline internet access, from dial-up to high-speed broadband, and a diverse array of value-added services across its wireline, internet, and mobile platforms. Furthermore, China Telecom delivers integrated information application services, such as its Best Tone platform, and sophisticated information technology-based solutions. These IT services span system integration, outsourcing, specialized consulting, information application, knowledge management, and software development. It additionally offers managed data services, including digital data network, frame relay, and asynchronous transfer mode solutions, tailored for government bodies, major corporations, and institutions, along with leased line services. The company also handles the sale, repair, and maintenance of customer-end equipment. Its operations extend to international telecommunications, cloud-based products and services, e-commerce, music production and associated information, instant messaging, and capital and financial management services. Moreover, China Telecom engages in the sale of telecommunications terminals and related equipment. As of December 31, 2021, the company reported approximately 372 million mobile subscribers, 170 million wireline broadband subscribers, and 107 million active access lines. Established in 2002, China Telecom is headquartered in Wan Chai, Hong Kong, and functions as a subsidiary of China Telecommunications Corporation.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
CN
CEO
Ruiwen Ke
Listed since
Nov 15, 2002
Employees
277,911

Market position

Day range

Current HK$4.85

52-week range

Current HK$4.85

Open
HK$4.88
Previous close
HK$4.885
Volume
42.63M
0.56× average
Average volume
75.69M
Average daily volume
Market cap
555.83B HKD
Beta
0.55
Market reference 1
50-day average
HK$4.6002
+5.43% above average
200-day average
HK$5.1013
-4.93% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
20.25×
P/B (TTM)
1.26×
P/S (TTM)
1.16×
Dividend yield
4.18%

Profitability & efficiency

Gross margin
28.08%
Operating margin
6.27%
Net margin
5.79%

Financial health

Debt / equity
0.13×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends57%38%20%1%Gross margin, FY2021: 52.36%Gross margin, FY2022: 51.74%Gross margin, FY2023: 28.83%Gross margin, FY2024: 28.35%Gross margin, FY2025: 28.02%Operating margin, FY2021: 7.04%Operating margin, FY2022: 6.94%Operating margin, FY2023: 7.31%Operating margin, FY2024: 7.52%Operating margin, FY2025: 7.29%Net margin, FY2021: 5.90%Net margin, FY2022: 5.73%Net margin, FY2023: 6.00%Net margin, FY2024: 6.24%Net margin, FY2025: 6.34%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.36%. Gross margin FY2022 51.74%. Gross margin FY2023 28.83%. Gross margin FY2024 28.35%. Gross margin FY2025 28.02%. Operating margin FY2021 7.04%. Operating margin FY2022 6.94%. Operating margin FY2023 7.31%. Operating margin FY2024 7.52%. Operating margin FY2025 7.29%. Net margin FY2021 5.90%. Net margin FY2022 5.73%. Net margin FY2023 6.00%. Net margin FY2024 6.24%. Net margin FY2025 6.34%.

Income trends

Revenue

509.62B HKD-3.74%

Operating income

37.15B HKD-6.67%

Net income

32.33B HKD-2.08%
Income trends across reported periods579.76B HKD378.38B HKD176.99B HKD−24.39B HKDRevenue, FY2021: 439.55B HKDRevenue, FY2022: 481.45B HKDRevenue, FY2023: 507.84B HKDRevenue, FY2024: 529.42B HKDRevenue, FY2025: 509.62B HKDOperating income, FY2021: 30.95B HKDOperating income, FY2022: 33.43B HKDOperating income, FY2023: 37.13B HKDOperating income, FY2024: 39.8B HKDOperating income, FY2025: 37.15B HKDNet income, FY2021: 25.95B HKDNet income, FY2022: 27.59B HKDNet income, FY2023: 30.45B HKDNet income, FY2024: 33.01B HKDNet income, FY2025: 32.33B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 439.55B HKD. Revenue FY2022 481.45B HKD. Revenue FY2023 507.84B HKD. Revenue FY2024 529.42B HKD. Revenue FY2025 509.62B HKD. Operating income FY2021 30.95B HKD. Operating income FY2022 33.43B HKD. Operating income FY2023 37.13B HKD. Operating income FY2024 39.8B HKD. Operating income FY2025 37.15B HKD. Net income FY2021 25.95B HKD. Net income FY2022 27.59B HKD. Net income FY2023 30.45B HKD. Net income FY2024 33.01B HKD. Net income FY2025 32.33B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue509.62B HKD529.42B HKD507.84B HKD481.45B HKD439.55B HKD
Cost of goods sold366.82B HKD373.5B HKD361.43B HKD232.36B HKD209.4B HKD
Gross profit142.79B HKD150.07B HKD146.41B HKD249.09B HKD230.16B HKD
Research and development14.97B HKD14.53B HKD16.47B HKD10.44B HKD6.81B HKD
Selling, general, and administrative61.27B HKD66.66B HKD62.6B HKD64.28B HKD61.15B HKD
Operating expenses105.65B HKD107.47B HKD109.41B HKD215.66B HKD199.21B HKD
Interest income2.08B HKD2.24B HKD2.37B HKD1.81B HKD1.11B HKD
Interest expense2.13B HKD2.39B HKD2.55B HKD1.88B HKD2.4B HKD
Depreciation and amortization103.29B HKD84.88B HKD99.7B HKD80.16B HKD71.51B HKD
Operating income37.15B HKD39.8B HKD37.13B HKD33.43B HKD30.95B HKD
Net income32.33B HKD33.01B HKD30.45B HKD27.59B HKD25.95B HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 5 misses, 2 met estimates
Average EPS surprise
+32.80%
11 comparable reports
Latest EPS result
0.11
Estimate 0.11 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.210.150.090.03Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MetQ4 '26Estimate
Q1 2025, reported Mar 25, 2025: actual 0.14, estimate 0.137, surprise +2.27%, Beat. Q2 2025, reported Apr 21, 2025: actual 0.103, estimate 0.082, surprise +26.07%, Beat. Q3 2025, reported Aug 14, 2025: actual 0.169, estimate 0.033, surprise +417.59%, Beat. Q4 2025, reported Oct 21, 2025: actual 0.087, estimate 0.091, surprise -3.90%, Miss. Q1 2026, reported Mar 24, 2026: actual 0.033, estimate 0.165, surprise -79.71%, Miss. Q2 2026, reported Apr 23, 2026: actual 0.091, estimate 0.095, surprise -3.90%, Miss. Q3 2026, reported Aug 20, 2026: actual 0.112, estimate 0.112, surprise 0.00%, Met estimate. Q4 2026, reported Oct 16, 2026: actual —, estimate 0.077, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates282.36B230.11B177.86B125.61BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 25, 2025: actual 143.37B HKD, estimate 271.5B HKD, surprise -47.20%, Miss. Q2 2025, reported Apr 21, 2025: actual 144.59B HKD, estimate 143.94B HKD, surprise +0.45%, Beat. Q3 2025, reported Aug 14, 2025: actual 146.53B HKD, estimate 151.83B HKD, surprise -3.49%, Miss. Q4 2025, reported Oct 21, 2025: actual 136.47B HKD, estimate 143.26B HKD, surprise -4.74%, Miss. Q1 2026, reported Mar 24, 2026: actual 147.52B HKD, estimate 154.55B HKD, surprise -4.55%, Miss. Q2 2026, reported Apr 23, 2026: actual 149.97B HKD, estimate 151.33B HKD, surprise -0.90%, Miss. Q3 2026, reported Aug 20, 2026: actual 148.37B HKD, estimate 156.41B HKD, surprise -5.14%, Miss. Q4 2026, reported Oct 16, 2026: actual —, estimate 148.31B HKD, surprise —, Comparison unavailable.

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