China Netcom Yearly Operational Data of 2005

2005

Key Financial Data

  2005 2004
Revenues (in RMB millions) 87,232 83,494
   Including: upfront connection fees  3,405 4,346
EBITDA(1) 45,554 42,701
Operating profit(2) 20,505 17,521
Profit for the year/period 13,888 2,699
CAPEX 27,562 28,256
Basic earnings/per Share 2.11 0.48
Basic earning/per ADS 42.2 9.6

Note:
(1) EBITDA refers to profit before finance costs, interests income, dividend income, deficit on revaluation of fixed assets, income tax, depreciation and amortization, share of profit of associated companies. To supplement our consolidated financial statements presented in accordance with the Hong Kong GAAP, we use the non-Hong Kong GAAP measure of EBITDA, which is adjusted from our results based on Hong Kong GAAP. We believes that EBITDA provides useful information to both management and investors to further analyze our operating results since we, as a company operating in the capital intensive telecommunication industry, incurred significant capital expenditure and finance costs which have significant impact to our results based on Hong Kong GAAP. EBITDA should only be considered in addition to our Hong Kong GAAP results. It should not be considered a substitute for or superior to our Hong Kong GAAP results as it cannot be used to measure operation results and liquidity and does not represent operation cash flows. In addition, our EBITDA may not be comparable to similar indicators of other companies. 
(2) Operating profit refers to profit before interests income, dividend income and deficit on revaluation of fixed assets.

Key Operating Data

  2005 2004
Local Access subscribers ('000) 115,328 108,079
Including: PHS subscribers ('000) 27,337 22,124
Broadband subscribers ('000) 11,475 8,492
Total usage (pulses in millions) 228,436 234,661
   Excluding Internet dial-up usage (pulses in millions) 219,884 217,435
   Internet dial-up usage (pulses in millions) 8,552 17,226
Domestic long distance calls (minutes in millions) 30,975 29,366
International long distance calls* (minutes in millions) 591 471
Number of ports for DDN (ports) 131,812 150,630
Number of ports for Frame Relay (ports) 43,519 43,078
Number of ports for ATM (ports) 4,212 4,816
Digital circuits leased (x2Mbps) 171,249 91,103
Volume of PHS short messages (in millions) 6,777 1,988
"Personalised Ring" subscribers ('000) 6,814 630
Penetration for caller ID (%) 65.9% 60.4%
Telephone information services (million minutes) 3,084 2,969