For the half year from 1 January to 30 June (RMB Million)
  2021/1H 2022/1H 2023/1H
Operating Revenue 219,237 242,319 260,664
Service Revenue 203,502 221,384 235,977
Operating Profit 21,251 23,113 25,508
EBITDA 66,348 69,848 73,346
EBITDA Margin 32.6% 31.6% 31.1%
Net Profit 17,743 18,291 20,153

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

EBITDA Margin = EBITDA / Service Revenue

Net Profit for the first half of 2021 included the one-off after-tax gain from the disposal of E-surfing Pay and China Telecom Leasing Corporation Limited of RMB1,416Mil