文档介绍：Forward-Looking Statements
Certain statements contained in this document may be viewed as “forward-looking
statements” within the meaning of Section 27A of the . Securities Act of 1933 (as
amended) and Section 21E of the . Securities Exchange Act of 1934 (as amended).
Such forward-looking statements are subject to known and unknown risks, uncertainties
and other factors, which may cause the actual performance, financial condition or results
of operations of China Corporation Limited (the “Company”) to be materially
different from any future performance, financial condition or results of operations implied
by such forward-looking statements. Further information regarding these risks,
uncertainties and other factors is included in pany’s most recent Annual Report
on Form 20-F filed with the . Securities and mission (the “SEC”) and in
pany’s other filings with the SEC.
2
Management Team
Mr. Wang Xiaochu Chairman & CEO
Mr. Leng Rongquan Executive Director, President & COO
Ms. Wu Andi Executive Director, EVP & CFO
Mr. Li Ping Executive Director & EVP
3
Agenda
4
Overview
Highlights
SolidSolid OperatingOperating PerformancePerformance
Steady growth in revenue profit
StrongStrong FreeFree CashCash FlowFlow
Supportive of future investment and enhanced cash
return to shareholders
EffectiveEffective CAPEXCAPEX ControlControl
Ensuring investment return and sustainable growth
StrategicStrategic TransformationTransformation onon TrackTrack
To secure a promising prospect
6
Solid Results
(Excl. Connection Fees)
Continuous growth in subscribers, revenue profit
20042005 Growth
Access Lines in Service (Mil) %
Broadband Subs (Mil) %
Operating Revenue (RMB Mil) 152,754 162,529 %
EBITDA (RMB Mil) 78,542 81,825 %
EBITDA Margin % % -
Net Profit* (RMB Mil) 19,565 21,131 %
EPS (RMB) %
DPS (HKD) %
Note: * Net pr