2012 Annual Report

Financial Statement > Financial Summary

Year ended 31 December

2012

2011

2010

2009

2008

RMB

RMB

RMB

RMB

RMB

(restated)

(restated)

(restated)

(restated)

Results of operation

Wireline voice

43,335

49,764

62,498

78,432

96,258

Mobile voice

49,166

38,628

28,906

20,027

3,955

Internet

87,660

74,992

63,985

51,567

40,727

Managed data and leased line

15,710

14,273

12,389

11,499

10,231

Value-added services, integrated information

application services and others

87,202

67,313

51,622

46,728

33,374

Upfront connection fees

98

497

1,151

2,022

Operating revenues

283,073

245,068

219,897

209,404

186,567

Depreciation and amortisation

49,655

51,233

52,224

52,806

54,513

Network operations and support

66,003

52,925

47,445

43,733

60,445

Selling, general and administrative

63,076

48,746

42,136

40,512

27,507

Personnel expenses

42,812

39,167

35,537

32,869

28,957

Other operating expenses

40,341

28,870

19,111

17,453

10,800

Operating expenses

261,887

220,941

196,453

187,373

182,222

Operating profit

21,186

24,127

23,444

22,031

4,345

Net finance costs

(1,564)

(2,254)

(3,600)

(4,375)

(5,076)

Investment income

93

40

328

791

5

Share of profits of associates

78

99

131

101

112

Profit/(loss) before taxation

19,793

22,012

20,303

18,548

(614)

Income tax

(4,753)

(5,416)

(4,846)

(4,382)

983

Profit for the year

15,040

16,596

15,457

14,166

369

Other comprehensive income for the year

Change in fair value of available-for-sale equity securities

(228)

(205)

132

538

(92)

Deferred tax on change in fair value of

available-for-sale equity securities

57

51

(48)

(120)

23

Exchange difference on translation of financial

statements of subsidiaries outside mainland China

(3)

(103)

(48)

(2)

(83)

Share of other comprehensive income from associates

(25)

Other comprehensive income for the year, net of tax

(174)

(257)

11

416

(152)

Total comprehensive income for the year

14,866

16,339

15,468

14,582

217

Profit attributable to

Equity holders of the Company

14,925

16,500

15,339

13,962

274

Non-controlling interests

115

96

118

204

95

Profit for the year

15,040

16,596

15,457

14,166

369

Total comprehensive income attributable to

Equity holders of the Company

14,751

16,243

15,350

14,303

122

Non-controlling interests

115

96

118

279

95

Total comprehensive income for the year

14,866

16,339

15,468

14,582

217

Basic earnings per share

0.18

0.20

0.19

0.17

0.003

Financial condition

Property, plant and equipment, net

373,743

268,904

272,514

283,594

296,436

Construction in progress

32,484

18,448

14,445

11,567

13,622

Other non-current assets

73,635

72,218

78,366

83,908

88,598

Cash and bank deposits

32,712

29,176

27,792

35,246

28,263

Other current assets

32,498

30,405

27,458

25,700

27,250

Total assets

545,072

419,151

420,575

440,015

454,169

Current liabilities

193,461

127,262

126,932

143,492

176,801

Non-current liabilities

85,581

34,979

47,482

59,323

47,770

Total liabilities

279,042

162,241

174,414

202,815

224,571

Total equity attributable to equity holders of

the Company

265,069

256,122

245,665

236,352

228,119

Non-controlling interests

961

788

496

848

1,479

Total equity

266,030

256,910

246,161

237,200

229,598

Total liabilities and equity

545,072

419,151

420,575

440,015

454,169