2012 Annual Report

Business > Financial Highlights

20105

20115

2012

(restated)

(restated)

Operating revenues (RMB millions)

219,897

245,068

283,073

Pre-leasing fee EBITDA1 (RMB millions)

88,988

94,371

96,387

Post-leasing fee EBITDA1 (RMB millions)

75,668

75,360

70,841

Net profit2 (RMB millions)

15,339

16,500

14,9253

Capital expenditure (RMB millions)

43,037

49,551

53,731

Total debt/Equity4

29.9%

20.3%

37.7%

Earnings per share (RMB)

0.1895

0.2039

0.1844

Dividend per share (HK$)

0.085

0.085

0.085

Net asset value per share4 (RMB)

3.035

3.165

3.275

1 Pre-leasing fee EBITDA was calculated before CDMA network capacity lease fee. Post-leasing fee EBITDA was calculated after CDMA network capacity lease fee.

2 Net profit represented profit attributable to equity holders of the Company.

3 Following the launch of iPhone to expand the high-end market, the Group made an appropriate increase in marketing initiatives for the profitable scale development of its mobile services, which is expected to significantly enhance its long-term sustainable growth and value creation despite the short-term pressure on its profitability.

4 Equity and net asset value represented equity attributable to equity holders of the Company.

5 Certain prior years figures were retrospectively restated due to the acquisition of digital trunking business. Please refer to note 1 to the audited financial statements in this annual report for details.

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