31 slides from China Telecom Corp. Ltd. Class A's earnings presentation, Aug 20, 2026
Slide 1: 2026 Interim Results
2026 Interim Results China Telecom Corporation Limited 20 August 2026 www.chinatelecom-h.com
Slide 2: Forward-looking Statements
Forward-looking Statements The development strategies, future business plans, prospects and other forward-looking statements in this document do not constitute commitment by China Telecom Corporation Limited (the “Company”) to investors. Such forward- looking statements are subject to known and unkn
Slide 3: Overview
Overview Mr. Ke Ruiwen, Executive Director, Chairman & CEO Business & Financial Performance
Slide 4: Summary of Highlights
Summary of Highlights Company’s operation maintained stable with new development growth 1 drivers gaining momentum and structure continuing to improve Continuously deepen the intelligent cloud system and proactively 2 promote token operation Accelerate the construction of new digital information inf
Slide 5: Key Operating Results
Key Operating Results RMB Bil 1H2025 1H2026 Revenues from Principal Operations 249.3 244.1 EBITDA 80.6 74.4 Net Profit 23.0 19.6 EPS (RMB) 0.25 0.21 Free Cash Flow 13.1 28.9 Interim DPS (RMB) 0.1812 0.1606 Notes: 1. Revenues from Principal Operations consist of Communications revenue (including mobi
Slide 6: Stable Operation Maintained with New Development Growth Drivers Gaining Momentum
Stable Operation Maintained with New Development Growth Drivers Gaining Momentum and Structure Continuing to Improve Adapted to the prevailing trend of the AI era, communications business enhanced in quality and efficiency, intelligence business grew rapidly, and explored new avenues for value growt
Slide 7: Continuously Deepen Intelligent Cloud System
Continuously Deepen Intelligent Cloud System “Five-in-One” Intelligent Cloud System TaaS (Terminal-as-a-Service) Smart cloud city Xingchen super AI agent, AI+applications SaaS Proprietary Third-party Xingchen TokenHub platform TeleAgent Smart panel | Smart ringtone | Smart application application +
Slide 8: Prominent Achievements in Sci-tech Innovation
Prominent Achievements in Sci-tech Innovation National State Technological Science and Technology “Pengcheng Cloud Brain”, a mega-scale domestic Key technologies of ultra-long-span optical Progress Award Invention Award intelligent computing system communication in extreme environments First Prize S
Slide 9: Proactively Promote Token Operation
Proactively Promote Token Operation Intelligent cloud system is token operation system and the essence of token operation is to provide AI services to customers Scale implementation of AI applications 2C2H 2B2G Xingchen super AI agent, TeleAgent, AI smart panel, AI smart ringtone, AI smart cam, AI h
Slide 10: Internal AI Applications Empower Quality and Efficiency Enhancement
Internal AI Applications Empower Quality and Efficiency Enhancement and Cost Reduction of the Entire Process >300 12 types >RMB1.4Bil Internal AI applications Digital employee Quality and efficiency enhancement Smart operations Smart services Smart S&M Smart R&D Smart management Customer self- Smart
Slide 11: Building a Full-stack Security Protection System for Intelligent Cloud
Building a Full-stack Security Protection System for Intelligent Cloud Strengthen the security foundation of intelligent cloud and promote the improvement of the AI governance system 1 “1+N+1” Security protection system Integrated Yunsee platform SaaS management >9,300 customers, selected for Gartne
Slide 12: Accelerating Industrialisation of Quantum Technology
Accelerating Industrialisation of Quantum Technology Quantum Communication Quantum Computing Quantum Precision Measurement • World’s largest quantum-secured infrastructure • Quantum computing cloud platform, “Tianyan”, • Breakthrough in single-photon imaging Quantum communication subs reached 7.20Mi
Slide 13: Accelerate the Construction of New Digital Information Infrastructure
Accelerate the Construction of New Digital Information Infrastructure Leveraging first-mover advantage in existing layout to build appropriately advanced CAPEX structure further optimised new-generation communication and computing networks New technology New model reduces costs and Strengthen the fo
Slide 14: Building New-Generation AIDC
Building New-Generation AIDC The PRC’s largest, most numerous, most extensive, highly-efficient in delivery and technologically advanced AIDC service provider AIDC Large-power project High-power cabinet Professional operation of AIDC revenue 14 projects utilisation Increasing the end-to-end process
Slide 15: Comprehensively Deepen Reform with AI-reform as the Core
Comprehensively Deepen Reform with “AI-reform" as the Core Following “fibre-upgrade” and “cloudification”, with “AI-reform” as the core, further comprehensively deepen reform and opening up, accelerate the establishment of new production relations adapted to AI development, and enhance governance ca
Slide 16: Proactively Fulfill Social Responsibility
Proactively Fulfill Social Responsibility Accredited with “Asia’s Best CSR” by Corporate Governance Asia for 7 consecutive years Proactively fulfill social responsibility Adhere to green development principles Undertaking various important and Green upgrade of BTS AI energy savings Overall carbon re
Slide 17: Strong Commitment to Shareholder Return
Strong Commitment to Shareholder Return Payout ratio Taking the overall shareholders’ interest, the 3.0pp 75.0% Company’s profitability into 72.0% full consideration, alongside cash flow levels and 70.1% capital needs for its future development, the Board has resolved to continue paying interim divi
Slide 18: Seizing Opportunities and Striving for High-quality Development
Seizing Opportunities and Striving for High-quality Development During the “15th Five-Year Plan” Period The “15th Five-Year Plan” systematically outlines Visionary Goals of 15th Five-Year Plan the development blueprint and action guidelines Sci-tech Technology-oriented enterprise Cyberpower innovati
Slide 19: Business & Financial Performance
Overview Business & Financial Performance Mr. Liu Guiqing, President & COO
Slide 20: Summary of Operating Revenues
Summary of Operating Revenues RMB Bil 1H2025 1H2026 Operating Revenues 271.5 260.5 Revenues from Principal Operations 249.3 244.1 Communications revenue 220.2 213.0 Intelligence revenue 29.1 31.1 Other revenues 22.2 16.4 Operating Expenses 242.9 237.5 Net Profit 23.0 19.6 Note: Other revenues are ma
Slide 21: Stable Communications Business
Stable Communications Business 5G/5G-A Upgrade Fibre Network Upgrade Integrated Space-Air-Ground Upgrade Integrated subs Integrated subs ARPU No. of sets of enterprise Gbps subs FTTR all-fibre networking Satellite revenue No. of AI+ IoT projects 130Mil RMB128 revenue （FTTR-B） Steady growth on a comp
Slide 22: All-round Expansion of Intelligence Business
All-round Expansion of Intelligence Business SaaS Accelerate the promotion of external AI e-Surfing smart panel e-Surfing smart ringtone AICT Smart cloud Shanghai, Jiangsu… applications and internal AI empowerment Launched 10k projects One-stop AI service portal AI Store Subs >2.50Mil Subs >7Mil Con
Slide 23: Rapid Development of Emerging Platform-based Businesses
Rapid Development of Emerging Platform-based Businesses Hundreds of Millions >1,500 IoVT terminal accessed IoT >800Mil connections Low-altitude economy application scenes • AI+“1+1+4+N” capability system • Security smart eye 20k • Public utilities/livelihood services • 38 Low-altitude intelligent go
Slide 24: Expanding International Business with Deepened Resource and Capability Deployment
Expanding International Business with Deepened Resource and Capability Deployment Solid fundamental of International Business New Breakthroughs in Strategic Emerging Businesses Going Overseas Revenue from connectivity 3% Cloud Token AI IoVT business Business opportunities >RMB170Mil Deepen strategi
Slide 25: AI Empowerment Enhancing Quality and Efficiency
AI Empowerment Enhancing Quality and Efficiency RMB Mil 1H2026 Change Operating Expenses 237,492 (2.2%) • Persisted in profitable investment and increased investment in Incl. Depreciation & Amortisation 51,378 (1.3%) strategic resources such as computing power infrastructure • Continuously strengthe
Slide 26: Solid Financial Strength Maintained
Solid Financial Strength Maintained Cash flow from operating activities Debt-to-asset ratio RMB Bil 29.7% -0.8pp 61.4 46.6% Corporate credit rating 47.3 ranked the highest 45.8% AAA 1H2025 1H2026 2025.6 2026.6 26
Slide 27: Thank You!
Thank You! For further information & enquiries, please contact our Asia’s Best CSR Corporate Sustainability Leadership Awards Investor Relations Department at ir@chinatelecom-h.com or visit www.chinatelecom-h.com Best Listed Company in Best Managed Telecommunication Investment Value Services Company
Slide 28: Appendix 1: Statement of Comprehensive Income (IFRS)
Appendix 1: Extracted from Unaudited Condensed Consolidated Statement of Comprehensive Income for the Six-month Period Ended 30 June 2026 (IFRS Accounting Standards) RMB Mil 1H2025 1H2026 Operating Revenues 271,469 260,471 Operating Expenses (242,920) (237,492) Operating Profit 28,549 22,979 Net Fin
Slide 29: Appendix 2: Consolidated Income Statement (CASs)
Appendix 2: Extracted from Unaudited Consolidated Income Statement for the Six-month Period Ended 30 June 2026 (CASs) RMB Mil 1H2025 1H2026 Operating Revenues 269,422 259,010 Operating Costs 186,745 181,921 Taxes and Surcharges 1,059 1,399 Selling Expenses 25,917 25,279 General and Administrative Ex
Slide 30: Appendix 3: Statement of Financial Position
Appendix 3: Extracted from Unaudited Condensed Consolidated Statement of Financial Position as at 30 June 2026 (IFRS Accounting Standards) RMB Mil 2025.12.31 2026.6.30 Current Assets 206,135 220,773 Non-current Assets 664,509 663,946 Total Assets 870,644 884,719 Current Liabilities 323,713 333,179 N
Slide 31: Appendix 4: Operating Figures
Appendix 4: Operating Figures Selected Operating Metrics for the Period Ended 30 June 2026 Subscriber (Mil) 2025.12 2026.6 Mobile 439 442 5G network 302 323 Wireline Broadband 201 201 IoT Connected Devices 746 806 Intelligent Compute in total (EFLOPS) 91.0 118.8 1H2025 1H2026 Mobile ARPU (RMB) 46.0