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1、annual report 2009China Telecom Corporation LimitedHKEx Stock Code:728NYSE Stock Code:CHAinside frontCorporate CultureCorporate CultureCorporate MissionLet the customers fully enjoy a new information lifeStrategic GoalBe a world-class integrated information service providerCore Value Comprehensive i
2、nnovation,pursuing truth and pragmatism,respecting people and creating value all togetherOperation PhilosophyPursue mutual growth of corporate value and customer valueService Philosophy Customer First Service ForemostCode of Corporate PracticeKeep promise and provide excellent service for customers
3、Cooperate honestly and seek win-win result in joint innovationOperate prudently and enhance corporate value continuously Manage precisely and allocate resources scientifi callyCare the staff and tap their potential to the full Reward the society and be a responsible corporate citizenCorporate Slogan
4、Connecting the WorldContents2Corporate Information32009 Milestones4Financial Highlights6Chairmans Statement10Directors,Supervisors and Senior Management25Business Review37Managements Discussion and Analysis of Financial Conditions and Results of Operations49Report of the Directors63Report of the Sup
5、ervisory Committee64Recognition&Awards67Corporate Governance Report85Human Resources Development Report91Corporate Social Responsibility Report98Notice of Annual General Meeting101Report of the Independent International Auditor102Consolidated Statement of Financial Position104Statement of Financial
6、Position106Consolidated Statement of Comprehensive Income107Consolidated Statement of Changes in Equity108Consolidated Statement of Cash Flows110Notes to the Financial Statements167Financial Summary169Shareholder Information2China Telecom Corporation Limited Annual Report 2009Corporate InformationBo