China Telecom released its 2026 interim report, showing first-half revenue of 259.01 billion yuan, down 3.9% year on year. Net profit attributable to shareholders was 19.588 billion yuan, down 14.9%, while non-GAAP net profit was 17.49 billion yuan, down 19.5%. The company said the revenue decline was mainly due to the industry being in a transition period between old and new growth drivers and adjustments to value-added tax categories, while main business revenue on a comparable basis remained basically stable.
China Telecom Corp LtdFirst-half net profit fell 14.9% to 19.588 billion yuan, with revenue down 3.9%.
