3G Users to Exceed CNY 450 Million in 2015

Source: Ministry of Industry and Information Technology, ChinaScope Financial (Data)

+       According to the Ministry of Industry and Information Technology’s (MIIT) development goal in the recently released 12th Five-Year Plan (12th 5YP) on the Telecommunications Industry, China’s 3G users will exceed 450 million by 2015, accounting for more than 36% of the total mobile phone subscribers.

+       The plan also outlines a revenue goal for the telecommunication industry of CNY 1.5 trillion. Of this amount, operating income of telecom companies engaged in infrastructure construction is expected to be more than CNY 1.1 trillion. Fixed Asset Investment goal is CNY 2 trillion.

Despite rapid growth in recent years, 3G subscribers still account for only about 15% of total mobile phone subscribers.

In the 12^th 5 year plan, both telecommunication revenue and FAI are expected to grow significantly.

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Mar 21 - China Telecom’s 2011 Net Profit Increases 7.5% to CNY 16.5 Billion

Source: China Telecom, ChinaScope Financial (Data)

+       On March 20, China Telecom Co., Ltd. released its financial report, showing that the company’s operating revenue reached CNY 245.04 billion in 2011, a 11.45% year-on-year increase; net profit attributable to shareholders of the parent company was CNY 16.5 billion, a 7.5% year-on-year increase; earnings per share (EPS) was CNY 0.2.

+       In 2011, China Telecom’s mobile subscribers increased 39.7% year-on-year to 126 million users at the year end, and the number of 3G subscribers increased 195.3% to 36.29 million, a market share of 28.5% in China’s 3G market.

China Mobile is, with the largest user base share, still the most profitable company in the mobile telecommunication industry. However, in the 3G business, the gaps among the Big 3 operators are small.

Trading comparable of related companies

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