Baidu, the No. 1 Chinese Internet search services provider
Baidu is the third ranked Chinese Internet company by capitalisation but its sales have stalled; results for 5 calendar years 2011 to 15 (RMB millions):
| 2011 | 2012 | 2013 | 2014 | 2015 | 2015 ($) | |
| Total revenue | 14501 | 22306 | 31944 | 49052 | 66,382 | 10248 |
| Cost of revenues | 3897 | 6449 | 11,472 | 18,885; | 27,458; | 4,239 |
| SG&A: | 1,693 | 2,501 | 5,174 | 10,382 | 17,076 | 2,636 |
| R&D: | 1334 | 2305 | 4107 | 6981 | 110176 | 1571 |
| Total costs: | 6,924 | 11,255 | 20,753 | 36,248 | 54,710 | 8,446 |
| Operating profit | 7577 | 11,051 | 11191 | 12,804 | 11672 | 1802 |
| Net income: | 6,620 | 10,391 | 10,388 | 12,253 | 32,432 | 5,007 |
Latest Baidu financial Q4 and calendar 2016 results
On February 23rd Nasdaq-quoted Baidu, the leading Chinese language Internet search provider, announced unaudited financial results for the fourth quarter and fiscal year ended December 31, 2016 as follows:
1. Total revenue in the fourth quarter of 2016 of RMB 18.212 billion ($2.623 billion), a 2.6% decrease from the corresponding period in 2015, and flat year-on-year, excluding Qunar in the fourth quarter of 2015.
2. Total revenue in fiscal year 2016 of RMB 70.549 billion ($10.161 billion), a 6.3% increase and 11.9% year-on-year increase, excluding Qunar from 2015.
(NB: in October 2015 Baidu exchanged a number of shares it owned in online travel company Qunar of the Cayman Islands for a number of shares in Ctrip, as a result of which Ctrip ended up with a 45% share of Qunar and Baidu ended up with a 25% share of Ctrip.)
Annual results for China's three telcos with collective revenue of $200 billion
China Mobile
China Mobile lift-off in 4G data usage from 849 million 4G users drives 6% revenue growth; results for 5 years 2011 to 15 (RMB millions):
| 2011 | 2012 | 2013 | 2014 | 2015 | 2015 ($) | |
| Operating revenue: | 547,286 | 591,006 | 640,048 | 651,509 | 668,335 | 103,173 |
| Operating expenses: | 396,541 | 440,317 | 508,624 | 534,189 | 565,413 | 87,285 |
| Profit from operations: | 250,745 | 150,689 | 131,424 | 117,320 | 102,922 | 15,888 |
| Profit to shareholders: | 122,162 | 126,799 | 116,791 | 109,218 | 108,539 | 16,756 |
2016 calendar year financial results reported March 23rd (Customers, millions; RMB millions or as shown):
| 2016 | 2015 | Change | |
| Total mobile customers: | 848.9 | 826.24 | 2.70% |
| 4G customers: | 535.04 | 312.28 | 71.30% |
| Operating revenue: | 708.421 | 668.335 | 6% |
| from telecom services: | 623.422 | 584.089 | 6.70% |
| EBITDA: | 256.677 | 240.028 | 6.90% |
| Profit to shareholders: | 108.741 | 108.539 | 0.20% |
| Basic EPS (RMB): | 5.31 | 5.3 | 0.20% |
Highlights for China Mobile in 2016
• 4G penetration of customer base reached 63%
• Wireless data traffic increased by 43.5% and was 46.2% of revenue from telecom services.
• Excluding the one-off gain in 2015 due to the national consolidation of tower assets into one company the profit shown above increased by 10.5%.
• After adding 400,000 more 4G base stations in 2016 the company now operates 1.51 million of them that cover more than 1.3 billion people.
• Average wireless download speeds on urban roads reached 40Mbit/s.
• Commercial VoLTE services were introduced into more than 300 cities.
• In 2016 the company added 22.59 million wireline broadband customers for total 77.62 million, 76.9% of which subscribed to services with a bandwidth of 20 Mbit/s or above. HD VoD customers exceeded 22.80 million.
• In 2016 the company served 5.45 million corporate customers.
• Connections to the company's national dedicated IoT core network reached 100 million.
• Traffic for its mobile payment services exceeded RMB 1 trillion.
After minimal growth 2013/14/15 China Telecom recovers momentum in 2016
China Telecom results for 5 years 2011 to 15 (RMB millions):
2011; 2012; 2013; 2014; 2015; 2015 ($)
Operating revenue: 245,149; 283,176; 321,584; 324,394; 331,202; 51,129
Operating expenses: 221,028; 261,968; 294,116; 295,886; 304,760; 47,047
Operating income: 24,121; 21,208; 27,468; 28,508; 26,442; 4,082
Profit to shareholders: 16,494; 14,949; 17,545; 17,680; 20,054; 3,096
2016 year financial results reported March 21, 2017 (customers in millions; RMB millions or as shown):
2016; 2015; Change
Operating revenues: 352,285; 331,202; 6.4%
Service revenue: 309,644; 293,266; 5.6%
Mobile: 137,611; 124,503; 10.5%
Wireline: 172,033; 168,763; 1.9%
EBITDA: 95,139; 94,106; 1.1%
Net Profit: 18,004; 20,054; (10.2%)
EPS (RMB): 0.222; 0.248; (10.2%)
Adj net profit: 18,004; 16,117; 11.7%
Adj EPS: 0.222; 0.199; 11.7%
(NB: adj. net profit excludes one time gain in 2015 from national consolidation of tower assets.)
Subscribers (millions):
2016; 2015; Net additions
Mobile subscribers: 215.0; 197.9; 17.1
4G terminal users: 121.87; 58.46; 63.41
Wireline b/band subscribers: 123.12; 113.06; 10.06
FTTH: 105.99; 70.99; 35.00
Highlights for China Telecom in 2016
• Capital expenditure was down 11.3% YoY to RMB 96.8 billions.
• 800 MHz frequencies extensively refarmed in 2016 for 4G network.
• Declared 2016 dividend of HK 10.5 cents.
