On March 17, China Telecom Corporation Limited(601728) ( China Telecom Corporation Limited(601728) . SH) released the annual report of 2021. In 2021, it achieved a revenue of 434.2 billion yuan, a year-on-year increase of 11.3%, and the net profit attributable to the shareholders of the parent company was 25.952 billion yuan, a year-on-year increase of 24.4%.
In terms of business, emerging businesses such as data center and cloud computing have become the main growth force of China Telecom Corporation Limited(601728) and even the whole telecommunications industry. The revenue scale of China Telecom Corporation Limited(601728) Tianyi cloud has reached 27.9 billion yuan.
However, the performance of China Telecom Corporation Limited(601728) is in sharp contrast to its performance in the capital market, and its share price is still lower than the issue price. In this regard, China Telecom Corporation Limited(601728) said at the performance presentation meeting on March 17 that it would stabilize the stock price by increasing the shareholding of the parent company and increasing the level of dividend payout ratio.
