Studies stability and progress in total efficiency with report excessive enterprise outcomes
Revenue attributable to fairness shareholders reaches HK$1,076 million
Whole 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 providers, reported revenue attributable to fairness shareholders of HK$1,076 million for the yr 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 complete income amounted to HK$9,486 million, representing a year-on-year improve of 6.3% in comparison with the earlier yr. The Group reported HK$7,905 million in income from its telecommunications providers, much like that of the earlier yr. Primary earnings per share was up 5.0% to HK29.3 cents.
The Board has beneficial a last dividend of HK17.0 cents per share for 2021. Along with the 2021 interim dividend of HK5.5 cents per share, complete dividends per share for 2021 amounted to HK22.5 cents, representing a 7.1% progress over the earlier yr.
Mr. XIN Yue Jiang, Chairman of CITIC Telecom, mentioned, “In 2021, the Firm confronted a number of challenges within the enterprise surroundings, as the worldwide financial circumstances remained austere and complex, whereas the society and the economic system continued to be topic to the impression of the COVID-19 pandemic. The administration crew and all staff remained cool-headed and centered on progressive improvement, sustaining steady improvement of present enterprise, accelerating the achievement of latest breakthroughs and driving new progress. The Group continued to construct a robust crew 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 long run. The Group reported nice achievements in enterprise improvement, product analysis and improvement, community high quality and epidemic prevention and management. In 2021, its total operation grew steadily and achieved report excessive enterprise outcomes, delivering larger returns to shareholders.
The Group has maintained a wholesome monetary place and a robust money stream. As at 31 December 2021, the Group recorded money and deposits of roughly HK$1,793 million, enough 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 building to change into the primary provider in Macau reaching full indoor and outside 5G sign protection. CTM actively launched 5G merchandise and 5G roaming exams have been performed and 5G roaming agreements have been reached with carriers from completely different international locations and areas in a bid to make sure full preparation for the 5G period. CTM grasped market demand, gross sales of cell handsets and tools surged 67.3% year-on-year to HK$1,581 million. The persevering with pandemic adversely impacted the Group’s roaming associated providers income. The Group’s cell providers income dropped 10.3% to HK$858 million when in comparison with the earlier yr. The Macau Metropolis Good Database (Massive Knowledge Platform) developed by CTM on a proprietary foundation has been commissioned for business software to supply knowledge evaluation and coverage assist for related departments of the Macau SAR Authorities, and software will likely be additional prolonged to extra industries.
Income from web enterprise elevated as pushed by rising enterprise web necessities. The Group’s web providers income amounted to HK$1,243 million for the yr 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 yr. Furthermore, income from the Group’s knowledge centre continued to develop. The development of CITIC Telecom Tower Knowledge Centre Section 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.
Progress momentum sustained in messaging providers income by seizing market alternatives. Income from worldwide telecommunications providers amounted to HK$2,461 million, much like that of final yr. On account of rising demand from enterprise messaging supply, messaging providers income surged 33.4% to HK$1,678 million when in comparison with the earlier yr.
Bolstering the enterprise options market in step with buyer necessities. The Group maintained its present enterprise strengths, empowered its cloud, community and safety merchandise by means of intelligence enablement, and vigorously expanded its progressive 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 progressive providers. The Group continued to expertise encouraging progress in its enterprise options providers in Mainland China. Nonetheless, because of the impression 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 yr.
Optimised construction of Southeast Asian subsidiaries in an ongoing full effort to broaden within the regional market. Throughout the yr, the Group additional enhanced the effectivity of its Southeast Asian subsidiaries following a structural optimisation and reorganisation train as a way to search growth within the Southeast Asian market with full drive. The Group’ s subsidiary within the Philippines has change into operational and contributed to further income to the Group. The Group’ s subsidiary in Indonesia has commenced the method of making use of for a neighborhood ISP license in a bid to discover new enterprise frontiers.
Improvement Methods
In Yr 2022, the event of the worldwide pandemic will stay topic to many uncertainties and the financial outlook will stay grim and complex. The Group will seize the alternatives for improvement created by the brand new engine of the digital economic system and actively take part within the building of the digital economic system with progressive merchandise, providers, fashions and ecosystems.
In keeping with its coverage tackle, the Macau SAR Authorities will challenge 5G licenses in 2022. CTM will proceed to optimise and enhance its 5G community and ancillary techniques to make sure the immediate launch of 5G providers forward of its friends out there. CTM will actively begin the analysis and improvement of 5G+ cloud purposes and proceed to put money into the development of “Digital Macau”, working in shut collaboration with numerous sectors in the neighborhood to drive the event of sensible metropolis in Macau.
The Group will carefully monitor new necessities of company clients in industrial digitalisation and keep its present energy in providers, whereas enhancing its SD-WAN and cloud servicing regime and enhancing improvement of capabilities in knowledge centre, cloud service centre and knowledge 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 equivalent to service business purposes and sensible metropolis building, as a way to fulfil new necessities in cloud migration, knowledge instrument software 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 improvement of the capabilities and enterprise of “cross-border cell communication service platform”, “enterprise messaging service platform” and “world knowledge quantity buying and selling platform”, whereas making main efforts to discover new companies and sectors equivalent to IPX and the Web of Issues.
Additionally, the Group will vigorously seize improvement alternatives in Better Bay Space and Southeast Asia. The Group will keep shut communication with pertinent authorities authorities on the nationwide “Grasp Plan for the Development of Hengqin Guangdong Macao In-depth Cooperation Zone” to establish and discover alternatives for improvement in Hengqin Guangdong Macao In-depth Cooperation Zone and contribute to the built-in improvement of Zhuhai and Macau. For Southeast Asia, the Group will seize alternatives for improvement offered by the Regional Complete Financial Partnership (RCEP) in shut tandem with the necessities of multinational firms that search to determine their presence in Southeast Asia, and to establish market potential and broaden within the Southeast Asian market with full effort.
Mr. CAI Dawei, Chief Govt Officer of CITIC Telecom, mentioned, “In 2022, the Group will seize new alternatives for the event of the digital economic system primarily based on high-quality providers, and implement the ‘ICT-MiiND’ improvement technique with a particular concentrate on innovation focused at new frontiers equivalent to cloud-net integration, digital transformation and business software in a full effort to develop a ‘cloud, community, intelligence and safety’ platform. We are going to facilitate the event of a analysis and improvement regime throughout Hong Kong, Guangzhou and Zhuhai (Macau), in step with the positioning of the Guangdong-Hong Kong-Macao Better Bay Space as a ‘expertise centre and command submit for innovation’. The Group will improve funding in analysis and improvement repeatedly to boost its competence in proprietary expertise analysis and improvement, and make technological contributions to digital financial improvement, actively positioning itself in main nationwide improvement plans equivalent to ‘Belt and Street’ and Guangdong-Hong Kong-Macao Better Bay Space as an enterprise primarily based in Hong Kong and Macau, and speed up improvement 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 Trade 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 providers to provider purchasers across the globe, and built-in enterprise providers in Southeast Asia by means of 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 expertise options to worldwide company purchasers and enterprise purchasers. CPC is without doubt one of the most trusted companions of those purchasers within the Asia-Pacific area and supplies a full vary of ICT providers to main enterprises and multinational company purchasers in Mainland China by means of 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 without doubt one of the main built-in telecommunications providers suppliers in Macau, and is the one full telecommunications providers and ICT providers supplier in Macau. With a number one place out there, CTM performs an essential position within the ongoing improvement of Macau. As on the finish of 2021, the Group has established department organisations in 22 international locations and areas, the variety of workers is 2,500 with over 160 PoPs and enterprise serving greater than 150 international locations and areas, connecting to over 600 operators globally, and serving greater than 3,000 multinational firms and 40,000 native firms across the globe. CITIC Group Company, a big multinational conglomerate headquartered within the Individuals’s Republic of China, is the last word holding firm of CITIC Telecom.
For extra info, please go to: 
www.citictel.com
#CITICTelecom
The issuer is solely chargeable for the content material of this announcement.
