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Revenue attributable to fairness shareholders reaches HK$1,076 million
Complete dividends per share rises by 7.1% yoy to HK22.5 cents
HONG KONG SAR – Media OutReach – 15 March 2022 – CITIC Telecom Worldwide Holdings Restricted (“CITIC Telecom” or the “Group”; inventory code: 1883), Asia-leading multinational internet-oriented telecommunications enterprise offering complete companies, reported revenue attributable to fairness shareholders of HK$1,076 million for the 12 months ended 31 December 2021, representing a year-on-year improve of 5.2%, or a 2.0% improve if the impact of funding property valuation is excluded.
The Group’s whole income amounted to HK$9,486 million, representing a year-on-year improve of 6.3% in comparison with the earlier 12 months. The Group reported HK$7,905 million in income from its telecommunications companies, much like that of the earlier 12 months. Fundamental earnings per share was up 5.0% to HK29.3 cents.
The Board has really helpful a remaining dividend of HK17.0 cents per share for 2021. Along with the 2021 interim dividend of HK5.5 cents per share, whole dividends per share for 2021 amounted to HK22.5 cents, representing a 7.1% progress over the earlier 12 months.
Mr. XIN Yue Jiang, Chairman of CITIC Telecom, stated, “In 2021, the Firm confronted a whole lot of challenges within the enterprise setting, as the worldwide financial circumstances remained austere and sophisticated, whereas the society and the financial system continued to be topic to the affect of the COVID-19 pandemic. The administration staff and all workers remained cool-headed and targeted on revolutionary growth, sustaining secure growth of present enterprise, accelerating the achievement of latest breakthroughs and driving new progress. The Group continued to construct a robust staff and demonstrated a spirit of striving for progress by selling the company tradition of ‘solidarity, coordination, inclusivity and charity’. The Group elevated technological innovation, improved its operations administration, fulfilled its social accountability and vigorously deliberate for the longer term. The Group reported nice achievements in enterprise growth, product analysis and growth, community high quality and epidemic prevention and management. In 2021, its general operation grew steadily and achieved report excessive enterprise outcomes, delivering better returns to shareholders.
The Group has maintained a wholesome monetary place and a robust money movement. As at 31 December 2021, the Group recorded money and deposits of roughly HK$1,793 million, adequate to satisfy its monetary obligations and contractual capital commitments within the coming 12 months.
Enterprise Highlights
Companhia de Telecomunicações de Macau, S.A.R.L. (“CTM”) accomplished the second section of 5G community development to change into the primary provider in Macau reaching full indoor and outside 5G sign protection. CTM actively launched 5G merchandise and 5G roaming assessments had been carried out and 5G roaming agreements had been reached with carriers from totally different nations and areas in a bid to make sure full preparation for the 5G period. CTM grasped market demand, gross sales of cellular handsets and gear surged 67.3% year-on-year to HK$1,581 million. The persevering with pandemic adversely impacted the Group’s roaming associated companies income. The Group’s cellular companies income dropped 10.3% to HK$858 million when in comparison with the earlier 12 months. The Macau Metropolis Good Database (Large Knowledge Platform) developed by CTM on a proprietary foundation has been commissioned for business utility to supply knowledge evaluation and coverage help for related departments of the Macau SAR Authorities, and utility might be additional prolonged to extra industries.
Income from web enterprise elevated as pushed by rising enterprise web necessities. The Group’s web companies income amounted to HK$1,243 million for the 12 months which represented a year-on-year improve of 10.7%. The rise was primarily pushed by enterprise web necessities and the rise in income from fibre broadband service because of the service improve by present clients and round 1.8% improve within the common variety of broadband customers to roughly 200,000 subscribers when in comparison with the earlier 12 months. Furthermore, income from the Group’s knowledge centre continued to develop. The development of CITIC Telecom Tower Knowledge Centre Part III (B) was easily accomplished in June 2021 with Tier III accreditation for knowledge centre infrastructure issued by Uptime Institute, a standardisation organisation for knowledge centres.
Development momentum sustained in messaging companies income by seizing market alternatives. Income from worldwide telecommunications companies amounted to HK$2,461 million, much like that of final 12 months. As a consequence of growing demand from enterprise messaging supply, messaging companies income surged 33.4% to HK$1,678 million when in comparison with the earlier 12 months.
Bolstering the enterprise options market in step with buyer necessities. The Group maintained its present enterprise strengths, empowered its cloud, community and safety merchandise via intelligence enablement, and vigorously expanded its revolutionary enterprise. CITIC Telecom Worldwide CPC Restricted (“CPC”), a subsidiary of the Group, expanded its web entry enterprise and SD-WAN options enterprise to assist company clients meet the challenges of mobility and digitalisation with revolutionary companies. The Group continued to expertise encouraging progress in its enterprise options companies in Mainland China. Nevertheless, because of the affect of the pandemic, the progress of the Group’s initiatives in Macau and Southeast Asia was delayed, leading to a 1.9% lower in enterprise options income to HK$3,165 million when in comparison with the earlier 12 months.
Optimised construction of Southeast Asian subsidiaries in an ongoing full effort to broaden within the regional market. Through the 12 months, the Group additional enhanced the effectivity of its Southeast Asian subsidiaries following a structural optimisation and reorganisation train with the intention to search enlargement within the Southeast Asian market with full pressure. The Group’ s subsidiary within the Philippines has change into operational and contributed to extra income to the Group. The Group’ s subsidiary in Indonesia has commenced the method of making use of for an area ISP license in a bid to discover new enterprise frontiers.
Improvement Methods
In 12 months 2022, the event of the worldwide pandemic will stay topic to many uncertainties and the financial outlook will stay grim and sophisticated. The Group will seize the alternatives for growth created by the brand new engine of the digital financial system and actively take part within the development of the digital financial system with revolutionary merchandise, companies, fashions and ecosystems.
In keeping with its coverage tackle, the Macau SAR Authorities will difficulty 5G licenses in 2022. CTM will proceed to optimise and enhance its 5G community and ancillary programs to make sure the immediate launch of 5G companies forward of its friends out there. CTM will actively begin the analysis and growth of 5G+ cloud functions and proceed to put money into the development of “Digital Macau”, working in shut collaboration with varied sectors locally to drive the event of sensible metropolis in Macau.
The Group will intently monitor new necessities of company clients in industrial digitalisation and keep its present power in companies, whereas enhancing its SD-WAN and cloud servicing regime and enhancing growth of capabilities in knowledge centre, cloud service centre and data safety service centre. The Group will drive the event of clever innovation to facilitate intelligence enablement for cloud, community and safety merchandise, whereas enhancing talents in industrial digitalisation comparable to service business functions and sensible metropolis development, with the intention to fulfil new necessities in cloud migration, knowledge device utility and intelligence enablement.
The Group will proceed to boost strategic cooperation with Chinese language and worldwide telecoms carriers, web enterprises or different key main clients and procure growth of the capabilities and enterprise of “cross-border cellular communication service platform”, “enterprise messaging service platform” and “international knowledge quantity buying and selling platform”, whereas making main efforts to discover new companies and sectors comparable to IPX and the Web of Issues.
Additionally, the Group will vigorously seize growth alternatives in Larger Bay Space and Southeast Asia. The Group will keep shut communication with pertinent authorities authorities on the nationwide “Grasp Plan for the Building of Hengqin Guangdong Macao In-depth Cooperation Zone” to determine and discover alternatives for growth in Hengqin Guangdong Macao In-depth Cooperation Zone and contribute to the built-in growth of Zhuhai and Macau. For Southeast Asia, the Group will seize alternatives for growth introduced by the Regional Complete Financial Partnership (RCEP) in shut tandem with the necessities of multinational companies that search to ascertain their presence in Southeast Asia, and to determine market potential and broaden within the Southeast Asian market with full effort.
Mr. CAI Dawei, Chief Govt Officer of CITIC Telecom, stated, “In 2022, the Group will seize new alternatives for the event of the digital financial system based mostly on high-quality companies, and implement the ‘ICT-MiiND’ growth technique with a particular deal with innovation focused at new frontiers comparable to cloud-net integration, digital transformation and business utility in a full effort to develop a ‘cloud, community, intelligence and safety’ platform. We are going to facilitate the event of a analysis and growth regime throughout Hong Kong, Guangzhou and Zhuhai (Macau), in step with the positioning of the Guangdong-Hong Kong-Macao Larger Bay Space as a ‘expertise centre and command publish for innovation’. The Group will improve funding in analysis and growth constantly to boost its competence in proprietary know-how analysis and growth, and make technological contributions to digital financial growth, actively positioning itself in main nationwide growth plans comparable to ‘Belt and Highway’ and Guangdong-Hong Kong-Macao Larger Bay Space as an enterprise based mostly in Hong Kong and Macau, and speed up growth with innovation and synergies to ship new worth to shareholders.”
About CITIC Telecom Worldwide Holdings Restricted (inventory code: 1883)
CITIC Telecom Worldwide Holdings Restricted was established in 1997 in Hong Kong, and it was listed on The Inventory Change of Hong Kong Restricted on 3 April 2007. As one of many largest worldwide telecommunications hubs in Asia Pacific, the Group supplies full-scale worldwide telecommunications companies to provider shoppers across the globe, and built-in enterprise companies in Southeast Asia via its wholly-owned subsidiary Acclivis Applied sciences and Options Pte. Ltd. CITIC Telecom Worldwide CPC Restricted (“CPC”), the Group’s different wholly-owned subsidiary, supplies end-to-end info and communications know-how options to worldwide company shoppers and enterprise shoppers. CPC is among the most trusted companions of those shoppers within the Asia-Pacific area and supplies a full vary of ICT companies to main enterprises and multinational company shoppers in Mainland China via its subsidiary China Enterprise ICT Options Restricted (“China Entercom”). The Group holds 99% fairness curiosity in Companhia de Telecomunicações de Macau, S.A.R.L. (“CTM”). CTM is among the main built-in telecommunications companies suppliers in Macau, and is the one full telecommunications companies and ICT companies supplier in Macau. With a number one place out there, CTM performs an vital position within the ongoing growth of Macau. As on the finish of 2021, the Group has established department organisations in 22 nations and areas, the variety of employees is 2,500 with over 160 PoPs and enterprise serving greater than 150 nations and areas, connecting to over 600 operators globally, and serving greater than 3,000 multinational companies and 40,000 native firms across the globe. CITIC Group Company, a big multinational conglomerate headquartered within the Folks’s Republic of China, is the final word holding firm of CITIC Telecom.
For extra info, please go to: 
www.citictel.com
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The issuer is solely liable for the content material of this announcement.
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