Summary by Moomoo AI
China Telecom announced its mid-year performance as of June 30, 2024, with operating income of RMB 268 billion, a year-on-year increase of 2.8%. Among them, service revenue was RMB 246.2 billion, a year-on-year increase of 4.3%. EBITDA was RMB 76.8 billion, a year-on-year increase of 4.7%. Net profit was RMB 21.8 billion, a year-on-year increase of 8.2%, and basic net profit per share was RMB 0.24. The company announced a mid-term dividend of RMB 0.1671 per share (tax included), an increase of 16.7% compared to the same period last year. The Board of Directors stated that the company will continue to deepen reform and opening up, accelerate the intelligence and green upgrading of digital information infrastructure, actively fulfill social responsibility, and enhance corporate governance.