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Key Operation Data
Selected Unaudited Key Performance Indicators
Financial Data
  For the period from
1 Jan to 30 Sep 2005
For the period from
1 Jan to 30 Sep 2004
Increase
Operating Revenue (RMB) 176.068 billion
(equivalent to approx.
HK$ 169.296 billion)
137.787 billion
(equivalent to approx.
HK$129.988 billion)
27.8%
EBITDA (RMB) 96.028 billion
(equivalent to approx.
HK$ 92.335 billion)
77.939 billion
(equivalent to approx.
HK$73.527 billion)
23.2%
EBITDA margin 54.5% 56.6%  
Net Profit (RMB) 36.869 billion
(equivalent to approx.
HK$ 35.451 billion)
28.898 billion
(equivalent to approx.
HK$27.262 billion)
27.6%
Net Profit margin 20.9% 21.0%  

Notes:
1. The above unaudited financial data is prepared in accordance with the generally accepted accounting principles in Hong Kong. The financial data of the Group for the first three quarters of 2005 included the results of the Company and its subsidiaries, including the 31 provincial mobile companies, while the financial data for the first three quarters of 2004 included the results of the Company and its original subsidiaries, including the 21 provincial mobile companies, and also included the results of the provincial mobile companies in Inner Mongolia and nine other provinces starting from 1 July 2004, the date of completion of the acquisition, to 30 Sep 2004.

2. The Hong Kong Institute of Certified Public Accountants has issued a number of new and revised Hong Kong Financial Reporting Standards and Hong Kong Accounting Standards ("New HKFRSs"), which are effective for accounting periods beginning on or after 1 January 2005. The above unaudited financial data has recognised the impact of New HKFRSs.

 

Operating Data
  As at 30 Sep 2005 /
For the period from
1 Jan to 30 Sep 2005
As at 30 Jun 2005 /
For the period from
1 Jan to 30 Jun 2005
Number of Subscribers 234.88 million 223.78 million
* Net increase in subscribers 30.58 million 19.49 million
* Average Revenue per User per Month (ARPU)(RMB/User/Month) 90 90
* Total Usage (Minutes) 650.83 billion 418.06 billion
* Average Usage per User per Month (MOU) (Minutes/User/Month) 331 328
* Average Revenue per Minute (RMB) 0.271 0.274
Number of Users of Mobile Data Services 196.74 million 185.12 million
* Short Message Services Usage Volume (Messages) 178.5 billion 115.7 billion
Network Capacity (Users) 279 million 264 million
Network Utilisation Rate 84.2% 84.7%
Number of Employees 96,217 93,415
Labour Productivity (Subscribers/Employee) 2,441 2,396

Notes:
* for the relevant reporting period

By leveraging the advantages of scale that result from its being the market leader in Mainland China's mobile telecommunications industry, and by ceaselessly pursuing refined management techniques and effective marketing strategies, the Group achieved commendable financial results for the first three quarters of 2005. The Group's operating revenue reached RMB 176.068 billion, representing an increase of 27.8 per cent. compared to the same period of last year. EBITDA reached RMB 96.028 billion, representing an increase of 23.2 per cent. compared to the same period of last year. EBITDA margin was maintained at a relatively high level of 54.5 per cent. Net profit reached RMB 36.869 billion, representing an increase of 27.6 per cent. compared to the same period of last year.

For ease of comparison, if the financial performance of the provincial operating subsidiaries in Inner Mongolia and nine other provinces for the period from 1 Janaury 2004 to 30 June 2004 is taken into account, the operating revenue, EBITDA and net profit of the Group for the first three quarters of 2005 represented an increase of 17.9%, 14.7% and 22.3% over the corresponding combined results of the 31 provincial subsidiaries, respectively.

By leveraging its premium and efficient network and significant economies of scale and brand advantages, refining its management methods, adopting effective marketing strategies, delivering personalised services, and focusing on innovation and developing new businesses, the Group continued to make encouraging progress in developing its business and recorded favourable subscriber growth in a competitive environment during the first three quarters of 2005. as at 30 September 2005, the Group's subscribers reached 234.88 million. Operating revenue recorded sustained and favourable growth due to a favourable subscriber growth, flexible and effective voice usage volume marketing plans and the rapid and stable development of data businesses. During the period, the decline in ARPU and average revenue per minute of usage has been relatively better controlled. Benefiting from refined costs control methods and economies of scale, EBITDA margin and net profit margin remain stable.

The Group will continue to fully leverage its leading position in Mainland China's mobile telecommunications industry and its economies of scale, further integrate its brands catering to different target customer segments and consolidate and enhance its brand advantages, aggressively develop mobile data and other new businesses, and strengthen the classification of voice usage volume promotion. The Group will unswervingly pursue business and service innovation, strive to consolidate its leading market position and maintain its sound fundamentals and sustainable development, with a view to generating greater value for its shareholders. In a competitive environment, the Group will continue to promote orderly and rational competition and strive to foster a healthy environment for further industry development. This will better serve the long-term interests of consumers, operating companies and investors.

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