China Telecom 1Q26 Net Profit RMB7.35B, -17.1% YoY

China Telecom (00728.HK) +0.080 (+1.590%) Short selling $64.25M; Ratio 35.286% announced its results for 1Q26 ended March. Revenue was RMB131.967 billion, down 2.6% YoY; of which service revenue amounted to RMB122.7 billion. Net profit was RMB7.35 billion, down 17.1% YoY; EPS was RMB0.08. EBITDA reached RMB33.9 billion, with an EBITDA margin of 27.6%.During the period, the Groups mobile subscriber base reached 440 million, with a net increase of 1.9 million subscribers. Among them, 5G network subscribers totaled 314 million, with penetration rising to 71.3%. Total mobile internet traffic increased 17.7% YoY, with mobile data usage (DOU) reaching 23GB, up 12.6% YoY. Gigabit broadband subscriber penetration was approximately 34%.During the period, operating expenses amounted to RMB123.8 billion, down 0.7% YoY. Among which, depreciation and amortization were RMB25.7 billion, down 1% YoY. Network operations and support costs were RMB39.3 billion, down 1.5% YoY, mainly due to enhanced cost control precision through AI empowerment and alignment with business development, continuously improving resource utilization efficiency. Personnel expenses were RMB28.7 billion, up 1.6% YoY.Looking ahead, the Company will actively seize opportunities arising from the new wave of technological revolution and industrial transformation, fully implement its Cloud- and Digital-Transformation strategy, and aim to become a leading AI service provider. With Token-based services as its core operational focus, it will develop high-quality digital and intelligent products and services, strengthen core capabilities, enhance core competitiveness, accelerate the building of a world-class enterprise, and actively deliver returns to shareholders. (hc/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-23 16:25.)This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.AASTOCKS Financial News