China Telecom: Total operating revenue in 2023 will be 507.843 billion yuan, a year-on-year increase of 6.9%

According to news from this site on March 4, China Telecom today released its 2023 annual performance report. Operating income in 2023 will be 507.843 billion yuan, a year-on-year increase of 6.9%. Net profit attributable to parent companies was 30.446 billion yuan, a year-on-year increase of 10.3%.

##China Telecom stated that in 2023, the company will seize the development opportunities of the digital economy , continue to accelerate the transformation of basic businesses, strengthen the supply of digital products, and promote the steady growth of basic businesses.

In January this year, China Telecom added 1.28 million new mobile users, bringing the total to 409.05 million, including 321.74 million 5G package users.

China Telecom’s 5G package users reached 319 million in December 2023, with a cumulative net increase of 50.7 million in 2023; the number of wired broadband users in December reached 190 million, with a cumulative net increase in 2023 An increase of 9.26 million households; the number of fixed phone users reached 101 million, with a cumulative net loss of 3.93 million households in 2023.

Not long ago, China Unicom also announced its 2023 annual performance report. According to a recent report by this site,

China Unicom is expected to achieve operating revenue of 372.6 billion yuan in 2023, a year-on-year increase of 5.0%. Main business income reached 335.2 billion yuan, a year-on-year increase of 5.0%, achieving steady growth; the net profit attributable to the parent company is expected to reach 8.2 billion yuan, a year-on-year increase of 12%, achieving double-digit growth for seven consecutive years; Operating profit reached 22.8 billion yuan, a year-on-year increase of 12%; total profit was 22.7 billion yuan, a year-on-year increase of 11.5%.

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