Summary by Moomoo AI
CITIC Telecom recorded a total revenue of HK$99.87 billion in 2023, down 1.2% from the previous year. The company's shareholders accounted for a profit of HK$12.31 billion, an increase of 3.4% year-on-year, and basic earnings per share were HK$33.3 cents, up 3.1% from 2022. The Board of Directors proposes a final dividend of HK$19.3 cents per share and a full-year dividend of HK25.3 cents, an increase of 3.3% over the previous year. Macau Telecom accounts for 75% of the 5G market and exceeds 50 million users. The Group is actively expanding its data center business and becoming a certified technology solutions provider for Meta WhatsApp Business messaging services in Asia. Looking ahead to 2024, the Group will continue to take advantage of professionalization, service globalization, client-high end, collaborative ecologisation, and focus on developing new areas such as the Internet of Things, AI, information security, 5G new applications.
