Excluding amortisation of the upfront connection fees
 | |||
|
2007 |
2008 |
2009 |
|
|
Operating revenues1 (RMB millions) |
177,510 |
184,507 |
208,219 |
|
EBITDA2 (RMB millions) |
87,054 |
85,8893 |
82,133 |
|
EBITDA margin |
49.0% |
46.6%3 |
39.4% |
|
Net profit4 (RMB millions) |
23,0105 |
20,0663 |
13,271 |
|
Capital expenditure (RMB millions) |
46,334 |
48,410 |
38,042 |
|
Free cash flow6 (RMB millions) |
34,016 |
36,768 |
31,159 |
|
Total debt/Equity7 |
47.1% |
57.9% |
47.8% |
|
Earnings per share (RMB) |
0.2845 |
0.2483 |
0.164 |
|
Dividend per share (HK$) |
0.085 |
0.085 |
0.085 |
|
Net asset value7 per share (RMB) |
2.774 |
2.632 |
2.740 |
Including amortisation of the upfront connection fees
|
2007 |
2008 |
2009 |
|
|
Operating revenues1 (RMB millions) |
180,804 |
186,529 |
209,370 |
|
Net profit4 (RMB millions) |
24,195 |
884 |
14,422 |
1 According to "IFRIC 13 Customer Loyalty Programmes", the Group's operating revenues in prior years were adjusted retrospectively.
2 For convenience of the investors' analysis, EBITDA is calculated before CDMA network capacity lease fee (if applicable).
3 Excluding the impact of impairment loss of the PHS assets and natural disasters.
4 Net profit represents profit attributable to equity holders of the Company.
5 Excluding the effect of the related asset revaluation in 2007.
6 Free cash flow is calculated from EBITDA minus CDMA network capacity lease fee, capital expenditure and income tax.
7 Equity and net asset value represent equity attributable to equity holders of the Company.
8 The above financial data have included Beijing Telecom acquired in 2008.
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