1、Annual Report 2011HKEx Stock Code:728 NYSE Stock Code:CHAChina Telecom Corporation LimitedChina Telecom Corporation Limited Annual Report 2011Corporate MissionLet the customers fully enjoy a new information lifeStrategic GoalBe a world-class integrated information service providerCore ValueComprehen
2、sive innovation,pursuing truth andpragmatism,respecting people and creating value all togetherOperation PhilosophyPursue mutual growth of corporate value and customer valueService PhilosophyCustomer First Service ForemostCode of Corporate PracticeKeep promise and provide excellent service for custom
3、ersCooperate honestly and seek win-win result in joint innovationOperate prudently and enhance corporate value continuouslyManage precisely and allocate resources scientificallyCare the staff and tap their potential to the fullReward the society and be a responsible corporate citizenCorporate Slogan
4、Connecting the WorldCorporate CultureChina Telecom Corporation Limited Annual Report 2011001 Corporate Culture 1 Contents 2 2011 Milestones 3 Corporate Information 4 Financial Highlights 6 Chairmans Statement 14 Directors,Supervisors and Senior Management 22 Business Review 32 Managements Discussion
5、 and Analysis of Financial Conditions and Results of Operations 37 Report of the Directors 49 Report of the Supervisory Committee 52 Recognition&Awards 54 Corporate Governance Report 72 Human Resources Development Report 78 Corporate Social Responsibility Report 87 Report of the Independent Internat
6、ional Auditor 88 Consolidated Statement of Financial Position 90 Statement of Financial Position 92 Consolidated Statement of Comprehensive Income 93 Consolidated Statement of Changes in Equity 94 Consolidated Statement of Cash Flows 96 Notes to the Financial Statements 147 Financial Summary 149 Sha