中华电信Chunghwa Telecom Co., Ltd. (CHT) 2005年年度报告「NYSE」.pdf

1、Chunghwa TelecomTSE:2412NYSE:CHTCHT annual report is available at http:/.tw/irTaiwan Stock Exchange Market Observation Post System http:/.twPrinted on March 31,2006Chunghwa Telecom21-3,Hsinyi Rd.,Sec.1,Taipei,Taiwan 100,R.O.C.Tel:886-2-2344-5488Fax:886-2-3393-8188http:/.twChunghwa Telecom Annual Rep

2、ort .twAnnual Report 2005Metamorphosis the discovery of a brave new worldOPERATING AND FINANCIAL SUMMARY 2 3OPERATING AND FINANCIAL SUMMARYOperating Cash Flow(in millions NT$)100,00080,00060,00040,00020,00002005200586,165Net Income(in millions NT$)50,00040,00030,00020,00010,0000200533,299Revenues(in

3、 millions NT$)200,000150,000100,00050,00002005184,6967.1%Dividend Yield9876543210Broadband Market ShareChunghwa Telecom ADSL85.3%Mobile Subscriber Market ShareChunghwa Telecom39.6%Other operators60.4%Other ADSL+Cable modem14.7%Source:Ministry of Transportation and CommunicationsNote:Figures shown as

4、 of Dec.2005Source:Ministry of Transportation and CommunicationsNote:Figures shown as of Dec.2005200320042003200493,61391,5652003200447,31550,91820032004182,466185,1637.9%8.1%PART I.LETTER TO SHAREHOLDERSI.2005 Business Review II.2006 Operating TargetsPART II.CORPORATE OVERVIEWI.Corporate Profile II

5、.OrganizationIII.Capital and SharesIV.Issuance of Corporate BondsV.Issuance of Preferred SharesVI.Issuance of American Depositary SharesVI.Employee Stock Option PlanVII.Mergers and AcquisitionsPART III.OPERATONS REVIEWI.Business ActivitiesII.Marketing and SalesIII.Human Resources and Staff Developme

6、ntIV.Manpower StructureV.Commitment to environmentVI.Employee RelationsVII.Important ContractsPART IV.FINANCIAL SUMMARYI.Summary Financial DataII.Financial Statements and Notes814182222244448484849495252565959596062666668TABLE OF CONTENTSPART V.FINANCIAL STATUS AND RISK MANAGMENTI.Major Capital Expe