CONSOLIDATED STATEMENT OF INCOME
For the year ended 31 December 2025
(All amounts in Renminbi (“RMB”) millions, except per share data)
(All amounts in Renminbi (“RMB”) millions, except per share data)
Year ended 31 December
| Note | 2024 | 2025 | |
| Revenue | 7 | 389,589 | 392,223 |
| Interconnection charges | (11,224) | (11,035) | |
| Depreciation and amortisation | (83,392) | (80,831) | |
| Network, operation and support expenses | 8 | (64,320) | (65,226) |
| Employee benefit expenses | 9 | (64,931) | (66,551) |
| Costs of telecommunications products sold | 10 | (42,466) | (42,937) |
| Other operating expenses | 11 | (107,223) | (107,052) |
| Finance costs | 12 | (1,784) | (1,276) |
| Interest income | 1,981 | 1,771 | |
| Share of net profit of associates | 2,592 | 2,668 | |
| Share of net profit of joint ventures | 1,481 | 1,487 | |
| Other income — net | 13 | 4,951 | 2,212 |
| Profit before income tax | 25,254 | 25,453 | |
| Income tax expenses | 14 | (4,521) | (4,543) |
| Profit for the year | 20,733 | 20,910 | |
| Profit attributable to: | |||
| Equity shareholders of the Company | 20,613 | 20,816 | |
| Non-controlling interests | 120 | 94 | |
| Profit for the year | 20,733 | 20,910 | |
| Earnings per share for profit attributable to equity shareholders of the Company during the year: | |||
| Basic earnings per share (RMB) | 15 | 0.67 | 0.68 |
| Diluted earnings per share (RMB) | 15 | 0.67 | 0.68 |
The notes on pages 110 to 213 are an integral part of these consolidated financial statements.
