1、China Telecom Corporation LimitedHKEx Stock Code:728 NYSE Stock Code:CHAAnnual Report 2012China Telecom Corporation LimitedHKEx Stock Code:728 NYSE Stock Code:CHAAnnual Report 2012China Telecoms employees successfully climbed Mount Everest,the worlds highest mountain and constructed telecom base sta
2、tion at 6,500 meters above sea level.Corporate MissionLet the customers fully enjoy a new information lifeStrategic GoalBe a world-class integrated information service providerCore ValueComprehensive innovation,pursuing truth and pragmatism,respecting people and creating value all togetherOperation
3、PhilosophyPursue mutual growth of corporate value and customer valueService PhilosophyCustomer First Service ForemostCode of Corporate Practice Keeppromiseandprovideexcellentserviceforcustomers Cooperatehonestlyandseekwin-winresultinjointinnovation Operateprudentlyandenhancecorporatevaluecontinuousl
4、y Managepreciselyandallocateresourcesscientifically Carethestaffandtaptheirpotentialtothefull RewardthesocietyandbearesponsiblecorporatecitizenCorporate SloganConnecting the WorldCorporate Culture Corporate Culture 1 Contents 2 2012 Milestones 3 Corporate Information 4 Financial Highlights 8 Chairma
5、ns Statement 14 Directors,Supervisors and Senior Management 24 Business Review 32 Managements Discussion and Analysis of Financial Conditions and Results of Operations 42 Report of the Directors 60 Report of the Supervisory Committee 62 Recognition&Awards 64 Corporate Governance Report 88 Human Reso
6、urces Development ReportContents 98 Corporate Social Responsibility Report 109 Report of the Independent International Auditor 110 Consolidated Statement of Financial Position 112 Statement of Financial Position 114 Consolidated Statement of Comprehensive Income 115 Consolidated Statement of Changes