China Telecom Corporation (00728) released its interim results, reporting a profit attributable to shareholders of 19.588 billion yuan, a year-on-year decrease of 14.9%.

China Telecom Corporation (00728) released its interim results for the six months ended June 30, 2026, reporting operational revenue of RMB 260.471 billion, a year-on-year decrease of 4.05%; profit attributable to shareholders was RMB 19.588 billion, down 14.9% compared to the previous year; basic earnings per share were RMB 0.21. In the first half of 2026, the company's operational revenue was RMB 260.5 billion, with main revenue at RMB 244.1 billion, maintaining basic stability on a comparable basis. Among this, telecom revenue was RMB 213 billion, and intelligent revenue reached RMB 31.1 billion, representing a year-on-year growth of 7.1%, with its proportion in total revenue rising to 12.8%, an increase of 1.1 percentage points year-on-year. Tianyi Cloud revenue reached RMB 61.8 billion, up 7.8% year-on-year. EBITDA was RMB 74.4 billion. Net profit was RMB 19.6 billion, showing good growth on a comparable basis, with basic earnings per share of RMB 0.21. Capital expenditure amounted to RMB 32.4 billion. Free cash flow was RMB 28.9 billion, reflecting a year-on-year growth of 121.3%. The company fully embraces artificial intelligence, implements the cloud transformation and digital intelligence strategy comprehensively, continuously strengthens the first technology breakthrough of "Xiangrang", deepens the construction of the intelligent cloud system, accelerates the development of new digital information infrastructure, and promotes the construction of service-oriented, technology-driven, and security-focused enterprises to new heights. The company is committed to enhancing its technological innovation capabilities, promoting a deep integration of technological innovation and industrial innovation, increasing the supply of high-quality technology, and strengthening the core competitiveness of enterprises. In the first half of the year, research and development expenses reached RMB 5.21 billion, an increase of 8.9% year-on-year.