Key Financial Data
For the half year from 1 January to 30 June (RMB Million)
  2018/1H 2019/1H 2020/1H
Operating Revenue 193,029 190,488 193,803
Service Revenue 177,588 182,589 187,110
Operating Profit 19,157 19,944 18,978
EBITDA 55,858 63,287 63,154
EBITDA Margin 31.5% 34.7% 33.8%
Net Profit 13,570 13,909 13,949

Service Revenue = Operating Revenue - Sales of Mobile Terminals - Sales of Wireline Equipment - Other Non-Service Revenue

EBITDA Margin = EBITDA / Service Revenue

In accordance with the requirements of International Financial Reporting Standards (“IFRSs”), the Company has implemented IFRS 16, “Leases” (“Lease Standard”) since 1 January 2019. The Company has selected the modified retrospective approach for the application of the Lease Standard and recognised the cumulative effect of initial application to opening reserves without restating comparative information