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1、CHINA TELECOMANNUAL REPORT 2002COMPANY PROFILE AND CORPORATE INFORMATION2CHAIRMANS STATEMENT5BUSINESS REVIEW9MANAGEMENTS DISCUSSION AND ANALYSIS OFFINANCIAL CONDITIONS AND RESULTS OF OPERATIONS21REPORT OF THE DIRECTORS33REPORT OF THE SUPERVISORY COMMITTEE43CONNECTED TRANSACTIONS44DIRECTORS,SUPERVISO
2、RS AND SENIOR MANAGEMENT51NOTICE OF ANNUAL GENERAL MEETING57REPORT OF THE INTERNATIONAL AUDITORS62CONSOLIDATED BALANCE SHEET64BALANCE SHEET66CONSOLIDATED STATEMENT OF INCOME67CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY68CONSOLIDATED STATEMENT OF CASH FLOW69NOTES TO THE FINANCIAL STATEMENTS71SUPPLE
3、MENTARY INFORMATION FOR ADS HOLDERS110FINANCIAL SUMMARY115CONTENTSCHINA TELECOMANNUAL REPORT 20022COMPANY PROFILE AND CORPORATE INFORMATIONChina Telecom Corporation Limited is a joint stock limited company established pursuant to the PRCCompany Law by China Telecommunications Corporation as its sole
4、 promoter on 10 September 2002.We are the leading provider of wireline telecommunications services in Shanghai Municipality,GuangdongProvince,Jiangsu Province and Zhejiang Province in China.Our scope of business includes the following:(1)operating a variety of domestic wireline telecommunications ne
5、tworks and facilities(includingwireless local loops);(2)operating voice,data,image,multimedia and other information services mainly based on the wirelinenetworks;(3)conducting accounts settlement relating to international telecommunications services in accordancewith state regulations;and(4)dealing
6、with system integration,technological development,technical services,informationconsulting,telecommunications equipment design together with manufacture,implementation andsales.Our H shares and American Depositary Shares(“ADS”)were listed on the Stock Exchange of Hong Kong andthe New York Stock Exch