Summary by Moomoo AI
China Telecom announced its 2023 annual results, with operating income of RMB5,136 billion, up 6.7% year-on-year; service revenue of RMB4,650 billion, up 6.9% year-on-year, maintaining growth for 11 consecutive years. Net profit was RMB304 billion, up 10.3% year-on-year, and basic net profit per share was RMB0.33. THE COMPANY ANNOUNCED THAT IT WILL DISTRIBUTE A FINAL DIVIDEND OF RMB0.090 PER SHARE TO SHAREHOLDERS, INCREASING THE TOTAL DIVIDEND DISTRIBUTED FOR THE YEAR BY 19.0%, EXCEEDING 70% OF THE PROFITS DUE TO SHAREHOLDERS FOR THE YEAR. In addition, the company has made new advances in digital transformation, intelligent upgrading, and actively promotes a high level of open cooperation, committed to the concept of green development.