Summary by Moomoo AI
China Telecom released its mid-year report for 2024 on August 20, 2024, showing that its operating revenue reached 26.801 billion yuan, a year-on-year increase of 2.8%. During the reporting period, the company's operating expenses were 24.075 billion yuan, and its operating income was 2.726 billion yuan. Net financial costs were 250 million yuan, and investment income and other income were 84 million yuan. Pre-tax profit was 2.824 billion yuan, income tax was 0.627 billion yuan, and net profit for the period was 2.197 billion yuan. The company's shareholders' attributable profit was 2.181 billion yuan, and the basic earnings per share was 0.24 yuan. As of June 30, 2024, the company's total assets were 87.099 billion yuan, total liabilities were 41.032 billion yuan, and total equity was 46.067 billion yuan. The board of directors decided to distribute dividends to all shareholders of the company in an amount of more than 70% of the shareholders' attributable profit for the mid-year of 2024, which is 21.81 billion yuan, totaling 15.29 billion yuan, with a per-share amount of 0.1671 yuan (including tax).
