中国电信2025年中期报告

202420258 14 3420256 30 2025 2025 2025230.272%165.8202563091,507,138,6990.18120.199264 4G 5G ARPU AI A RDO 20251 120256 30 8030MaaSAgent1205G+AI++5G5G511ICT50 20259,0551%5G454.912.347,37718.15G11.186.841,867GB 5G-AFTTRAIAIAIAIAIAIAIAIAI 20252,7151.3%2,4911.2%1,0661.3%5G6.1p.p.ARPU46.06410.2%ARPU48.3749 2025 202572%0.18128.4%20252024 1. 20252,7151.3%22,4911.2%EBITDA38064.9%42305.5%0.25342513113.9% 2. 20251,0661.3%6410.2%4.331.99ARPU646.0ARPU748.3749AIDC7.4%57386389.4%9118.2%46.2%20.5%171.1% 2.1+ IaaS77EFLOPSPaaSAIDaaS 10token14350TBMaaSSaaSAIAaaSTaaS AI+30AI+AI+5G5GAIAI120AIAIAIAIAI AIIDCAIDC80302 ++6003,000 AI21160AIAIAI62,0001000087.5%AI+1.2AIAI+AI72429L4239.8%13%8.7% AI(AI Flow)QKD10PQC11DDoSICME 2025 2.2 Triless9ICCV 2025IJCAI 2025 AIDC5885%400GOTN10GPON98896%4G/5G5G149885G-A3005G-A10Redcap 60 5G 2.3 AI43EFLOPS+ AIAI•D18Tbps(MSSP)7,000AIAIQKDAIAI 2.4 AIAI5963,4001114ICT 3. 245RDO12 DeepLink 4. 88860 Corporate Governance Asia20252025ESGA A 5. AI1+1+1+M+N134 +! 20258 14 Spine-leafTDD/FDDTriless(AI Flow)AI+QKDPQC DCAIDCAIDC AItokenDDoS ++++802AI+AIAI21160AI160T 5G+20252,429.200.9%89.5%0.3 20252,714.691.3%2,491.121.2%141,065.721.3%15641.330.2%16748.531.5% 520.395.1% AI782.882.3% AI327.830.9% 230.175.5%EBITDA805.884.9% 504.380.3%2.8% 342.35130.7213.9% 293.727.1% 20252.9417.3% 202563020248,666.258,872.242.4%20244,100.734,132.150.8%46.6% 20256 3020256 30 20256 30571XV352C3 20256 30 20256 303365% #20256 30820,000,000 *33620256 30 20256 30336 AHH20258 140.9093461.00 20256 30 C320251 120256 30 H[2008]897202593HH202510% 20259 3020259 3HH20258 2920259 3HH20258 28430183171712–1716A [1993]045[2011]348H10%10%H10%10% H20258 28H H10%20%H20%20%201935201935 [2014]81[2016]127H20% 20259 3HHH HH HH20259 30HH2025930 HH D2D220242024 20258 1420258 14 2024 20255 1620255162026202520255 1620262025 2024 20255 212025521202420255 21202620252025521 13.51B (1)(www.chinatelecom-h.com) 2025230.272%165.820256 3091,507,138,6990.18120.199264 20242025814 2021 20256 30 202410302021 20256 30C1 2025 44,27761,0811 2024 2025 202547,05020263 3170%20253 252025 202447,92020253 3170%202432620242025332.5 20257501.48 202520254 252025 7,173.49 20256 30 1 2 57,377,053,31720252 2020252 13 4272343434 2410 34 108 (b)20191 8 (c) 20256 3020246 30 5072 1. 20029 10To CTo HTo B/G 2. 3420258 1420256 30202512 31 34 20243 11A2024 40.43%202517.759.91 2. 20242024202420256 30 20256301,051.58202412311,372.52122,052.66202412 311,964.13320256 30 3. 2024 •21 4. 5. 20256 30336.1520246 30465.93393.0620246 30372.87 20256 30369.25202412 31374.289.9%2024 12 318.4% 7. (i) (ii)20256 30202412 3120256 304.5520246 306.02 (iii) 8. 8. 9. 10. 20256 302.3%2024 12 312.6%1.1%2.8%2024 12 311.1%2.9% (i)1.08%1.20% 20256 301.08%2.80%2024 12 311.08%2.60% 20256 302,052.66202412 311,964.13 11. 12. (i)(ii)(iii)(iv)(v) (i) 14. 15. 16. (i) 17. 18. 18. (i)15%25% (ii)12%38% (iii) 19. 20255 21202412 310.09270.10063784.8372.6920256 1112.1420257 18 20245 27202312 310.0900.09881482.3670.8220246 1311.5420247 26 20. 20256 3020246 30230.17218.1291,507,138,699 21. 20256 30202412 31 22. 13 ••• 22. 20256309.79202412 319.22 20256 30210.88202412 314.56 3.5%4.9%202412 313.6%4.9%20256 30202412 31 23. (a) 23. (a) *14A.7614A.90(i)(ii)(iii)(iv)(v)(vi)(vii)(viii)IT(ix)(x)(xi)(xii)(xiii)(xiv)(xv)(xvi) 23. (a) 20256 3020.690.25202412 3120.620.452.01%-3.70% 23. (b) (i) (ii)IT 23. (c) 23. (d) 23(a)23(b) • • • • • 24. 20256 3065.5320246 3059.30 20256 3012.95202412 3110.60 25. 12.141920257 18 202420258 1420256 300.1812165.8120256 30 www.chinatelecom-h.com