China Telecom's nine-month revenue falls 3.7%, profit down 14.8%

By Reuters News


Overview

  • China telecom operator's nine-month revenue fell 3.7% yr/yr to RMB382.4 bln

  • Net profit for first nine months declined 14.8% yr/yr to RMB26.2 bln

  • Company cites stable operations and business structure optimization amid revenue and profit declines


Outlook

  • China Telecom did not provide specific financial guidance for the current or future periods in its press release


Result Drivers

  • BUSINESS STRUCTURE OPTIMIZATION - Co said it focused on optimizing business structure and refreshing growth drivers

  • LOWER NETWORK AND ADMINISTRATIVE COSTS – Operating expenses fell 2.2% to RMB351.5 bln, led by lower network operations and support and SG&A costs, partly offset by higher personnel expense

  • 5G NETWORK SCALE – 5G network subscribers reached 330.39 mln as of Sept. 30, up from 292.41 mln, indicating expanding customer reach


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Operating Revenue

RMB 382.4 bln

9M Net Income Attributable

RMB 26.2 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the integrated telecommunications services peer group is "buy"

  • Wall Street's median 12-month price target for China Telecom Corp Ltd is HK$5.60, about 28.3% above its October 22 closing price of HK$4.37

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago


Reuters Recommended Reads

  • Oct 20 - China Mobile's nine-month profit falls 7.9% on higher costs

  • Oct 20 - China Tower 9M profit rises on energy business

  • Oct 22 - Nokia tops Q3 net sales expectations on AI-related demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1022/2026102201245.pdf

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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