China Telecom net profit falls 14.8 per cent to 26.2 billion yuan in first three quarters
China Telecom reported a 14.8 per cent drop in net profit to 26.2 billion yuan for the first three quarters of 2026, with operating revenues falling 3.7 per cent. The company said it is accelerating its transformation into a leading AI service provider.
China Telecom (0728) reported on Thursday that its net profit dropped 14.8 per cent year-on-year to 26.2 billion yuan (HK$30.75 billion) for the first three quarters of 2026, according to the company's earnings statement.
The telecom giant's earnings before interest, taxes, depreciation, and amortisation stood at 108 billion yuan. Operating revenues fell 3.7 per cent to 382.4 billion yuan, with revenue from principal businesses totalling 359.3 billion yuan.
Revenue from the communications business amounted to 313.1 billion yuan, while revenue from the intelligence business reached 46.2 billion yuan. The company's mobile subscriber base reached 445.27 million by the end of September.
China Telecom noted that with persistence in Token operations as the main theme, it has accelerated its progress towards becoming a leading AI service provider. The company said it will continue to transform itself into a service-oriented, technology-oriented and secured enterprise.
Looking ahead, the company said it aims to accelerate the transformation of sci-tech achievements into real productivity and promote the scale development of new quality productive forces.