Financial Highlights
| 20156 (restated) |
20166 (restated) |
2017 | |
| Operating revenues (RMB millions) | 331,517 | 352,534 | 366,229 |
| EBITDA1 (RMB millions) | 94,113 | 95,162 | 102,171 |
| EBITDA margin2 | 32.1% | 30.7% | 30.9% |
| Net profit3 (RMB millions) | 20,058 | 18,018 | 18,617 |
| Capital expenditure (RMB millions) | 109,094 | 96,817 | 88,712 |
| Free cash flow4 (RMB millions) | (21,533) | (7,648) | 7,267 |
| Total debt/Equity5 | 38.4% | 35.7% | 32.0% |
| Earnings per share (RMB) | 0.2478 | 0.2226 | 0.2300 |
| Dividend per share (HK$) | 0.095 | 0.105 | 0.115 |
| 1EBITDA was calculated based on operating revenues minus operating expenses plus depreciation and amortisation. 2EBITDA margin was calculated based on EBITDA divided by service revenues. 3Net profit represented profit attributable to equity holders of the Company. 4Free cash flow was calculated from EBITDA minus capital expenditure and income tax. 5Equity represented equity attributable to equity holders of the Company. 6Certain prior years figures were retrospectively restated due to the acquisition of satellite communications business and Shaanxi Zhonghe Hengtai Insurance Agent Limited. Please refer to note 1 to the audited consolidated financial statements in this annual report for details. |
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