2 0 s 0 r 7 o t a r e p O lecom
C
e T iew v e R se e
e rmanc g n i h erfo s Hon P
Ir i y B
China is the world’s largest telecom market. As of the end of 2007, China had 365.448 million fixedline telephone subscribers, including 84.544 million personal handy-phone system (PHS) subscribers. China was home to 547.286 million mobile subscribers as of the end of 2007. Fixed-line telephone services have been increasingly substituted by mobile services in China. While China added 86.228 million mobile subscribers in 2007, the country lost 2.337 million fixed-line telephone subscribers. China Mobile, China Unicom, China Telecom and China Netcom are the four main telecom operators in China. In 2007, the Hong Kong-listed arms of the four operators recorded combined revenues of RMB 719.159 billion ($102.88 billion) and combined net profit of RMB 132.159 billion ($18.91 billion). China Mobile, the largest mobile operator in China, recorded the largest amount of revenues and net profit of the four.
32
China Mobile’s revenues rose 20.9 percent to RMB 356.959 billion ($51.07 billion) in 2007, accounting
for almost half of the combined total revenues of the four companies. Its net profit was up 31.9 percent to RMB 87.062 billion ($12.46 billion), which accounted for 65.9 percent of the combined total net profit of the four. Chinese telecom operators’ financial results 2007 side by side
Indicator
Revenues 2007 (bln, RMB)
Yearon-year Increase (%)
Profit Attributable to Shareholders 2007
Yearon-year Increase (%)
Margin of Profit Attributable to Shareholders
Earnings Per Share 2007
(bln, RMB) China Mobile (HK)
356.959
20.9%
87.062
31.9%
24.4%
4.35
China Telecom (HK)
178.656
1.7%
23.702
-13.0%
13.3%
0.29
China Unicom (HK)
99.539
4.4%
9.30
144.7%
9.3%
0.713
China Netcom (HK)
84.005
-0.2%
12.095
-6.7%
14.4%
1.81
Total
719.159
--
132.159
--
Source: The companies’ annual reports 2007 and Interfax analysis
--