China Telecom Corporation (728) Q3 2026 earnings summary

Executive summary

• 9M 2026 operating revenue was RMB382.4bn; EBITDA was RMB108.0bn and profit attributable to equity holders was RMB26.2bn. Comparable principal-business revenue remained stable; comparable profit maintained favourable growth.

• Strategy focused on cloudification, digital transformation and AI, with Token operations positioned as a growth driver.

Financial highlights

• Operating revenue was RMB382,402m, down 3.7% YoY; reported profit attributable to equity holders was RMB26,207m, down 14.8% YoY.

• Operating profit was RMB30,876m versus RMB37,739m; profit before tax was RMB34,368m versus RMB39,450m.

• Profit for the period was RMB26,187m versus RMB30,771m; total comprehensive income was RMB25,574m versus RMB30,842m.

• Net cash from operating activities increased to RMB98,436m from RMB87,421m; net cash used in investing activities was RMB79,869m versus RMB84,958m.

Outlook and guidance

• Plans include deepening the Five-Sphere Integrated intelligent cloud system, promoting Token operations and accelerating conversion of sci-tech achievements into productivity.

• Forward-looking plans are subject to known and unknown risks and do not constitute a commitment; no intention to update these statements was indicated.