China Telecom Corp Ltd
China Telecom Corporation Limited, together with its subsidiaries, provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People's Republic of China. It offers mobile communications; wireline and smart family; industrial digitalisation; and other services. The company was incorporat… Read more
China Telecom Corp Ltd (601728) - Net Assets
Latest net assets as of September 2025: CN¥465.23 Billion CNY
Based on the latest financial reports, China Telecom Corp Ltd (601728) has net assets worth CN¥465.23 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥876.05 Billion) and total liabilities (CN¥410.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥465.23 Billion |
| % of Total Assets | 53.11% |
| Annual Growth Rate | 4.4% |
| 5-Year Change | 24.68% |
| 10-Year Change | 49.81% |
| Growth Volatility | 8.46 |
China Telecom Corp Ltd - Net Assets Trend (2001–2024)
This chart illustrates how China Telecom Corp Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Telecom Corp Ltd (2001–2024)
The table below shows the annual net assets of China Telecom Corp Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥456.55 Billion | +2.10% |
| 2023-12-31 | CN¥447.17 Billion | +2.46% |
| 2022-12-31 | CN¥436.43 Billion | +1.22% |
| 2021-12-31 | CN¥431.17 Billion | +17.75% |
| 2020-12-31 | CN¥366.18 Billion | +3.14% |
| 2019-12-31 | CN¥355.04 Billion | +3.18% |
| 2018-12-31 | CN¥344.10 Billion | +5.33% |
| 2017-12-31 | CN¥326.70 Billion | +3.29% |
| 2016-12-31 | CN¥316.30 Billion | +3.79% |
| 2015-12-31 | CN¥304.75 Billion | +5.05% |
| 2014-12-31 | CN¥290.11 Billion | +4.11% |
| 2013-12-31 | CN¥278.66 Billion | +4.75% |
| 2012-12-31 | CN¥266.03 Billion | +3.56% |
| 2011-12-31 | CN¥256.88 Billion | +10.74% |
| 2010-12-31 | CN¥231.96 Billion | +4.20% |
| 2009-12-31 | CN¥222.61 Billion | +3.76% |
| 2008-12-31 | CN¥214.55 Billion | -3.53% |
| 2007-12-31 | CN¥222.39 Billion | +9.29% |
| 2006-12-31 | CN¥203.48 Billion | +11.18% |
| 2005-12-31 | CN¥183.02 Billion | +13.94% |
| 2004-12-31 | CN¥160.62 Billion | +21.19% |
| 2003-12-31 | CN¥132.54 Billion | +5.09% |
| 2002-12-31 | CN¥126.12 Billion | -25.58% |
| 2001-12-31 | CN¥169.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Telecom Corp Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 19976955000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥199.77 Billion | 44.16% |
| Common Stock | CN¥91.51 Billion | 20.23% |
| Other Comprehensive Income | CN¥92.40 Billion | 20.42% |
| Other Components | CN¥68.72 Billion | 15.19% |
| Total Equity | CN¥452.39 Billion | 100.00% |
China Telecom Corp Ltd Competitors by Market Cap
The table below lists competitors of China Telecom Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Swedbank AB (publ)
PINK:SWDBF
|
$19.91 Billion |
|
Corpay Inc
NYSE:CPAY
|
$19.91 Billion |
|
Nippon Steel Corporation
PINK:NISTF
|
$19.91 Billion |
|
DSM-Firmenich AG
OTCQX:DSMFF
|
$19.91 Billion |
|
BrightSpring Health Services, Inc. Tangible Equity Unit
NASDAQ:BTSGU
|
$19.86 Billion |
|
Moderna Inc
NASDAQ:MRNA
|
$19.86 Billion |
|
Pure Storage Inc
NYSE:PSTG
|
$19.86 Billion |
|
Zoom Video Communications Inc
NASDAQ:ZM
|
$19.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Telecom Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 442,926,215,000 to 452,389,720,000, a change of 9,463,505,000 (2.1%).
- Net income of 33,012,000,000 contributed positively to equity growth.
- Dividend payments of 23,526,485,000 reduced retained earnings.
- Other comprehensive income decreased equity by 15,583,964,000.
- Other factors increased equity by 15,561,954,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥33.01 Billion | +7.3% |
| Dividends Paid | CN¥23.53 Billion | -5.2% |
| Other Comprehensive Income | CN¥-15.58 Billion | -3.44% |
| Other Changes | CN¥15.56 Billion | +3.44% |
| Total Change | CN¥- | 2.14% |
Book Value vs Market Value Analysis
This analysis compares China Telecom Corp Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.54x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥2.43 | CN¥6.18 | x |
| 2002-12-31 | CN¥1.81 | CN¥6.18 | x |
| 2003-12-31 | CN¥1.74 | CN¥6.18 | x |
| 2004-12-31 | CN¥1.99 | CN¥6.18 | x |
| 2005-12-31 | CN¥2.22 | CN¥6.18 | x |
| 2006-12-31 | CN¥2.50 | CN¥6.18 | x |
| 2007-12-31 | CN¥2.73 | CN¥6.18 | x |
| 2008-12-31 | CN¥2.63 | CN¥6.18 | x |
| 2009-12-31 | CN¥2.74 | CN¥6.18 | x |
| 2010-12-31 | CN¥2.86 | CN¥6.18 | x |
| 2011-12-31 | CN¥3.16 | CN¥6.18 | x |
| 2012-12-31 | CN¥3.28 | CN¥6.18 | x |
| 2013-12-31 | CN¥3.43 | CN¥6.18 | x |
| 2014-12-31 | CN¥3.57 | CN¥6.18 | x |
| 2015-12-31 | CN¥3.75 | CN¥6.18 | x |
| 2016-12-31 | CN¥3.90 | CN¥6.18 | x |
| 2017-12-31 | CN¥4.03 | CN¥6.18 | x |
| 2018-12-31 | CN¥4.24 | CN¥6.18 | x |
| 2019-12-31 | CN¥3.80 | CN¥6.18 | x |
| 2020-12-31 | CN¥4.49 | CN¥6.18 | x |
| 2021-12-31 | CN¥4.68 | CN¥6.18 | x |
| 2022-12-31 | CN¥4.72 | CN¥6.18 | x |
| 2023-12-31 | CN¥4.84 | CN¥6.18 | x |
| 2024-12-31 | CN¥4.94 | CN¥6.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Telecom Corp Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.24%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.92x
- Recent ROE (7.30%) is below the historical average (8.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 4.93% | 6.42% | 0.31x | 2.49x | CN¥-8.60 Billion |
| 2002 | 13.49% | 22.34% | 0.36x | 1.69x | CN¥4.36 Billion |
| 2003 | 18.80% | 20.84% | 0.39x | 2.33x | CN¥11.56 Billion |
| 2004 | 17.60% | 17.38% | 0.39x | 2.59x | CN¥12.10 Billion |
| 2005 | 15.37% | 16.49% | 0.41x | 2.30x | CN¥9.75 Billion |
| 2006 | 13.48% | 15.51% | 0.42x | 2.05x | CN¥7.04 Billion |
| 2007 | 10.95% | 13.38% | 0.44x | 1.85x | CN¥2.10 Billion |
| 2008 | 0.41% | 0.47% | 0.42x | 2.07x | CN¥-20.42 Billion |
| 2009 | 6.50% | 6.89% | 0.49x | 1.92x | CN¥-7.75 Billion |
| 2010 | 6.63% | 6.98% | 0.54x | 1.76x | CN¥-7.80 Billion |
| 2011 | 6.44% | 6.73% | 0.58x | 1.64x | CN¥-9.11 Billion |
| 2012 | 5.64% | 5.28% | 0.52x | 2.06x | CN¥-11.56 Billion |
| 2013 | 6.32% | 5.46% | 0.59x | 1.96x | CN¥-10.23 Billion |
| 2014 | 6.11% | 5.45% | 0.58x | 1.94x | CN¥-11.24 Billion |
| 2015 | 6.60% | 6.05% | 0.53x | 2.07x | CN¥-10.32 Billion |
| 2016 | 5.71% | 5.11% | 0.54x | 2.07x | CN¥-13.51 Billion |
| 2017 | 5.71% | 5.08% | 0.55x | 2.03x | CN¥-13.97 Billion |
| 2018 | 6.18% | 5.62% | 0.57x | 1.93x | CN¥-13.10 Billion |
| 2019 | 5.82% | 5.46% | 0.53x | 1.99x | CN¥-14.73 Billion |
| 2020 | 5.74% | 5.30% | 0.55x | 1.97x | CN¥-15.50 Billion |
| 2021 | 6.05% | 5.90% | 0.58x | 1.78x | CN¥-16.92 Billion |
| 2022 | 6.39% | 5.73% | 0.60x | 1.87x | CN¥-15.62 Billion |
| 2023 | 6.87% | 5.93% | 0.61x | 1.89x | CN¥-13.85 Billion |
| 2024 | 7.30% | 6.24% | 0.61x | 1.92x | CN¥-12.23 Billion |
Industry Comparison
This section compares China Telecom Corp Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,458,772,401
- Average return on equity (ROE) among peers: 9.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Telecom Corp Ltd (601728) | CN¥465.23 Billion | 4.93% | 0.88x | $19.88 Billion |
| Beijing Bewinner Communications Co Ltd (002148) | $1.22 Billion | 10.61% | 0.11x | $437.69 Million |
| Net263 Ltd (002467) | $1.05 Billion | 6.60% | 0.09x | $1.15 Billion |
| Runjian Communication Co Ltd Class A (002929) | $5.98 Billion | 7.34% | 1.48x | $1.04 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $673.56 Million | 2.07% | 0.39x | $332.87 Million |
| Dingli Communications Corp Ltd (300050) | $219.84 Million | 50.65% | 0.36x | $380.27 Million |
| Fuchun Technology Co Ltd (300299) | $531.11 Million | 14.13% | 0.92x | $421.56 Million |
| Zhong Fu Tong Co Ltd (300560) | $230.82 Million | 0.00% | 0.55x | $288.57 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.67 Billion | -2.99% | 0.22x | $1.46 Billion |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.17 Billion | 4.30% | 0.15x | $530.67 Million |
| Wintao Communications Co. Ltd (301139) | $1.85 Billion | 6.79% | 0.51x | $169.25 Million |