China Telecom: Q3 Net Profit Attributable to Shareholders Falls 14.65% Year on Year to RMB 6.62 Billion

36Kr learned that China Telecom announced that in the third quarter, it achieved revenue of RMB 121.089 billion, down 3.01% year on year, and net profit attributable to shareholders of RMB 6.62 billion, down 14.65% year on year. For the first three quarters, revenue reached RMB 380.1 billion, down 3.59% year on year, and net profit attributable to shareholders was RMB 26.207 billion, down 14.84% year on year. During the reporting period, the company fully implemented its strategy of cloud transformation, digital transformation and smart empowerment, maintaining stable operating performance, with development momentum shifting toward new drivers and business structure becoming more optimized.