China Telecom Corporation Limited(601728) 2021 net profit increased by 24.4%, and the scale of computing power is planned to increase by 80% in 2022

China Telecom Corporation Limited(601728) 17 announced the first financial report since the listing of a shares. The company’s net profit in 2021 increased by 24.4% year-on-year China Telecom Corporation Limited(601728) chairman Ke Ruiwen said at the communication meeting on the same day that the company will become the main force and the biggest beneficiary of the “counting East and counting West” project.

China Telecom Corporation Limited(601728) landed on the A-share market on August 20, 2021. According to the A-share financial report, in 2021, China Telecom Corporation Limited(601728) operating income was 434.2 billion yuan (RMB, the same below), with a year-on-year increase of 11.3%; The net profit attributable to shareholders of the parent company was 25.952 billion yuan, a year-on-year increase of 24.4%. Capital expenditure was 86.7 billion yuan.

Cloud computing is one of the revenue growth points of the company. In 2021, Tianyi cloud’s revenue doubled to 27.9 billion yuan, ranking first in the industry. 5g has also made steady progress, jointly built and shared with China United Network Communications Limited(600050) with more than 6900005g base stations in use. 5g network covers all cities and counties and some developed townships and towns in China.

According to reports, in 2021, China Telecom Corporation Limited(601728) around the national “digital computing in the East and digital computing in the west” project and the layout of the integrated big data center, the company will deploy the data center, DCI network, computing power and Tianyi cloud in an all-round way, and layout the computing power network in a forward-looking manner. At present, China Telecom Corporation Limited(601728) has more than 700 data centers and 470000 service racks, of which nearly 80% are deployed in four key areas: Beijing Tianjin Hebei, Yangtze River Delta, Guangdong Hong Kong Macao Bay area and Chengdu Chongqing, which is highly consistent with the layout of the national integrated big data center.

According to kerevan, with the development trend of digital economy, the demand for computing power has shown explosive growth. In 2021, China Telecom Corporation Limited(601728) the number of cloud servers providing services has reached 300000, forming a computing power scale of 2.1 eflops (flops represents the number of floating-point operations performed per second, and 2.1e is equal to the 18th power of 2.1 times 10) China Telecom Corporation Limited(601728) plans to further increase the scale of computing power to about 3.8eflops in 2022, with a year-on-year increase of more than 80%.

Ke Ruiwen said that the “Eastern digital computing and Western computing” project has been fully launched, which will help China Telecom Corporation Limited(601728) give full play to the advantages of cloud network integration, further optimize the layout of computing resources and reduce the operation cost of data center. The company will become the main force and the biggest beneficiary of the “Eastern digital computing and Western computing” project. (end)

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