Five-year Summary
For the year ended 31 December 2021
(All amounts in RMB millions, except per share data)
Selected financial summary for 2017 to 2021, including selected consolidated statement of income data and consolidated statement of financial position data for 2017, 2018, 2019, 2020 and 2021 were prepared in accordance with HKFRSs.
(All amounts in RMB millions, except per share data)
Selected financial summary for 2017 to 2021, including selected consolidated statement of income data and consolidated statement of financial position data for 2017, 2018, 2019, 2020 and 2021 were prepared in accordance with HKFRSs.
Results
Selected Statement of Income Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
| Revenue | 274,829 | 290,877 | 290,515 | 303,838 | 327,854 |
| Interconnection charges | (12,617) | (12,579) | (11,513) | (10,574) | (11,557) |
| Depreciation and amortisation | (77,492) | (75,777) | (83,080) | (83,017) | (85,652) |
| Network, operation and support expenses | (54,507) | (55,077) | (43,236) | (46,286) | (53,087) |
| Employee benefit expenses | (42,471) | (48,143) | (50,516) | (55,740) | (58,944) |
| Costs of telecommunications products sold | (26,643) | (27,604) | (26,412) | (26,862) | (30,683) |
| Other operating expenses | (57,166) | (62,561) | (64,480) | (70,237) | (77,263) |
| Finance costs | (5,734) | (1,625) | (2,123) | (1,747) | (1,385) |
| Interest income | 1,647 | 1,712 | 1,272 | 1,366 | 1,215 |
| Share of net profit of associates | 893 | 2,477 | 1,359 | 1,588 | 1,862 |
| Share of net profit of joint ventures | 574 | 598 | 646 | 787 | 1,448 |
| Other income - net | 1,280 | 783 | 1,735 | 2,911 | 4,119 |
| Profit before income tax | 2,593 | 13,081 | 14,167 | 16,027 | 17,927 |
| Income tax expenses | (743) | (2,824) | (2,795) | (3,450) | (3,420) |
| Profit for the year | 1,850 | 10,257 | 11,372 | 12,577 | 14,507 |
| Profit attributable to: | |||||
| Equity shareholders of the Company | 1,828 | 10,197 | 11,330 | 12,493 | 14,368 |
| Non-controlling interests | 22 | 60 | 42 | 84 | 139 |
| Profit for the year | 1,850 | 10,257 | 11,372 | 12,577 | 14,507 |
| Earnings per share for profit attributable to equity shareholders of the Company: | |||||
| Basic earnings per share (RMB) | 0.07 | 0.33 | 0.37 | 0.41 | 0.47 |
| Diluted earnings per share (RMB) | 0.07 | 0.33 | 0.37 | 0.41 | 0.47 |
Selected Statement of Financial Position Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
| Property, plant and equipment | 416,596 | 384,475 | 367,401 | 364,187 | 355,031 |
| Right-of-use assets | – | – | 43,073 | 37,960 | 32,866 |
| Financial assets measured at fair value | 4,446 | 4,673 | 4,093 | 27,682 | 32,726 |
| Current assets | 76,722 | 75,909 | 83,595 | 108,636 | 126,228 |
| Accounts receivable | 13,964 | 14,433 | 17,233 | 16,287 | 17,957 |
| Cash and cash equivalents | 32,836 | 30,060 | 34,945 | 23,085 | 34,280 |
| Total assets | 571,983 | 540,320 | 562,499 | 580,616 | 591,076 |
| Lease liabilities (non-current portion) | – | – | 21,535 | 16,458 | 10,415 |
| Current liabilities | 242,622 | 214,910 | 205,190 | 222,028 | 236,185 |
| Accounts payable and accrued liabilities | 125,211 | 122,458 | 117,525 | 134,437 | 140,124 |
| Short-term bank loans | 22,500 | 15,085 | 5,564 | 740 | 385 |
| Lease liabilities (current portion) | – | – | 10,790 | 11,503 | 12,144 |
| Commercial papers | 8,991 | – | 8,995 | 7,000 | 6,875 |
| Current portion of promissory notes | 17,960 | – | – | – | 1,004 |
| Current portion of corporate bonds | – | 16,994 | – | 1,000 | 2,039 |
| Current portion of long-term bank loans | 410 | 441 | 437 | 418 | 372 |
| Long-term bank loans | 3,473 | 3,173 | 2,869 | 2,482 | 1,835 |
| Promissory notes | – | – | 998 | 998 | – |
| Corporate bonds | 17,981 | 999 | 2,998 | 1,999 | – |
| Total liabilities | 267,636 | 226,034 | 241,744 | 253,096 | 257,643 |
| Total equity | 304,347 | 314,286 | 320,755 | 327,520 | 333,433 |
