China Telecom's Revenue in 2023 Comes 507.843 Billion Yuan

Updated:2024/3/5 15:06

China Telecom announced its 2023 performance quick report on March 4. During the reporting period, China Telecom achieved a total operating revenue of 507.843 billion yuan, a year-on-year increase of 6.9%. The net profit attributable to shareholders of the listed company was 30.446 billion yuan, a year-on-year increase of 10.3%, and the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 29.553 billion yuan, a year-on-year increase of 8.7%.

China Telecom stated that in 2023, the company seized the opportunity of digital economic development, accelerated the transformation of basic businesses, strengthened digital product supply, and promoted the stable growth of basic businesses. It fully renewed 5G applications, continued to improve the capabilities of ultra-gigabit optical access, strengthened the linkage and coordinated development of digital platform scenarios, and launched more intelligent cloud networks, richer cloud applications, and more user-friendly cloud services, integrating into urban governance and serving millions of households.

At the same time, China Telecom actively grasps the important role of digitization, networking, and intelligence in economic and social transformation and development. Based on the advantages of cloud-network integration, customer resources, and localized services, it deeply lays out strategic emerging industries, driven by cloud computing and computing power, artificial intelligence, security, digital platforms, big data, quantum, and next-generation information and communication technologies, strengthens industry capability platforms, improves digital product and service capabilities, promotes deep integration of digital technology and the real economy, and empowers various industries.

In addition, the announcement shows that China Telecom aims to build a service-oriented, technology-oriented, and security-oriented enterprise. It continues to implement the cloud transformation and digitalization strategy, effectively promotes the "improving quality, enhancing efficiency, and returning more" action, protects the interests of all shareholders, and establishes a good image in the capital market.

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