At noon on March 19, China Telecom announced its 2018 annual financial report. The detailed data are as follows:

Operating income reached RMB 377,124 million, an increase of 3.0% over last year; service revenue was RMB 350,434 million, an increase of 5.9% over last year_EBITDA was RMB 104,207 million, an increase of 2.0% over last year; EBITDA ratio was 29.7 %_The profit attributable to shareholders of the Company reached RMB 21.21 billion, an increase of 13.9% over the previous year. Basic net profit per share was RMB 0.26

The board of directors decided to propose an increase in dividends to the general meeting of shareholders. The final dividend for 2018 will be declared according to the standard of HK$0.125 per share, an increase of 8.7% over 2017. The number of mobile users reached 303 million, a net increase of 53.04 million, of which : The number of 4G users reached 242 million, a net increase of 60.39 million, 4G users accounted for 80% of mobile users, and the total mobile Internet traffic increased by 291% year-on-year. The number of wired broadband users reached 146 million, a net increase of 1,226 Ten thousand households, the number of Tianyi HD users exceeded 100 million

Judging from the announced annual results, as of December 31, 2018, China Telecom's operating income reached RMB 377.1 billion. Among them, service revenue reached RMB 350.4 billion, a year-on-year increase of 5.9% (if the impact of the implementation of IFRS 15 on the current period was excluded, a year-on-year increase of 7.2%), emerging business revenue accounted for 51.9% of service revenue %, an increase of nearly 6 percentage points year-on-year. Net profit reached RMB 21.2 billion, a year-on-year increase of 13.9%, and basic net profit per share was RMB 0.262.

In addition, China Telecom's mobile service revenue reached RMB 167.7 billion, a year-on-year increase of 9.1%. The number of mobile users reached 300 million, with a net increase of 53.04 million, a record high for the company. The net increase in the market share reached 44%, and the overall market share increased to 19.6%. Among them, 4G users reached 240 million, with a net increase of 60.39 million, maintaining a historical high and the penetration rate reaching 80%.

The average monthly DOU of 4G users reached 5.5GB, and the revenue from mobile Internet access increased by 22.4% year-on-year. Fixed line service revenue reached RMB 182.7 billion, a year-on-year increase of 3.1%. The number of wired broadband users reached 146 million, with a net increase of 12.26 million, and the proportion of users with 100M and above reached 66%.

As mentioned in the annual report, IDC and cloud business revenue increased by 22.4% and 85.9% year-on-year respectively, driving service revenue to increase by nearly 2 percentage points. The IoT revenue and connection scale doubled again, and the number of connections exceeded 100 million. The average monthly active users of E-Pay exceeded 43 million, the cumulative transaction volume for the year exceeded RMB 1.6 trillion, and the number of active merchants more than doubled. The number of 4G base stations reached 1.38 million, and the triple integration rate7 of broadband users reached 65%, a year-on-year increase of 13 percentage points. The penetration rate of e-Surfing HD users reached 72%, and DICT revenue increased by more than 20%.

1.38 million 4G base stations, laying the foundation for 5G network

For a long time, the big cake of China's communication operation market has been mainly divided by the three major operators, China Unicom Telecom: from mobile phone network to fixed-line broadband, from 2G network to 5G technology that is about to be commercialized now, from official announcement to annual report. The open and secret struggle between the three operators seems to have never stopped... In the annual report released by China Unicom a few days ago, it also mentioned the deployment of 5G.

China Telecom leads network construction and intelligent upgrade with user experience, scale expansion and value operation, and creates comprehensive network advantages. With the help of big data analysis, we accurately implemented the dynamic expansion of 4G network, and continued to improve the in-depth coverage of key scenarios. The number of 4G base stations reached 1.38 million, supporting VoLTE high-definition voice upgrade and continuous development of high-traffic services, and laying the foundation for future 5G network cloudification .

China Telecom stated that it will actively participate in the formulation of 5G international standards, conduct large-scale networking trials in many places, and make preliminary progress in voice calls, 4G/5G interoperability, and equipment interoperability. CCTV Spring Festival Gala in 2019 provided solutions for ultra-high-definition live broadcast, taking an important step for the successful implementation of enhanced mobile broadband (eMBB) scenario applications, and actively exploring vertical industry applications such as 5G+ automatic buses, smart water control, and mobile telemedicine.