中国电信China Telecom Corp Ltd (CHA) 2005年年度报告「NYSE」.pdf

1、CHINA TELECOM CORPORATION LIMITEDANNUAL REPORT 2005Stock code:728Transforming toEnhance Value?!=?!CHINA TELECOM CORPORATION LIMITEDANNUAL REPORT 2005CHINA TELECOM CORPORATION LIMITEDANNUAL REPORT 2005www.chinatelecom-31 Jinrong Avenue,Xicheng District,Beijing,PRC,100032CONTENTSFinancial HighlightsCo

2、mpany Profile and Corporate InformationChairmans StatementBusiness ReviewManagements Discussion and Analysis of Financial Conditions and Results of OperationsDirectors,Supervisors and Senior ManagementReport of the DirectorsReport of the Supervisory CommitteeCorporate Governance ReportHuman Resource

3、s DevelopmentCorporate Social ResponsibilityNotice of Annual General MeetingReport of the International AuditorsConsolidated Balance SheetBalance SheetConsolidated Income StatementConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowNotes to the Financial StatementsSupplemen

4、tary Information for American Depositary ShareholdersFinancial Summary12410203038525468697073747677787981123127Financials excluding amortisation of upfront connection fees20042005Growth rateOperating revenue(RMB millions)152,754162,5296.4%EBITDA(RMB millions)78,54281,8254.2%EBITDA margin51.4%50.3%-1

5、.1p.p.Net profit*(RMB millions)19,56521,1318.0%Free cash flow(RMB millions)17,04821,80127.9%Financials including amortisation of upfront connection fees20042005Operating revenue(RMB millions)161,212169,310EBITDA(RMB millions)87,00088,606EBITDA margin54.0%52.3%Net profit*(RMB millions)28,02327,912*Ne

6、t profit represents profit attributable to equity holders of the Company.FINANCIAL HIGHLIGHTSChina Telecom Corporation LimitedAnnual Report 20051The charts below are based on financials excluding amortisation of upfront connection fees(RMB millions)Free Cash Flow7,62221,80124,00018,00012,0006,000017