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2006年3月中下旬,中国四家电信运营商先后发布了业绩公告,向投资者陈述2005年经营情况,描绘2006年的发展思路。公告显示:2005年国内电信业继续呈现增长势头,四家上市公司的业务收入保持较快增长;移动业务增长速度继续快于GDP增长速度,固网业务增速明显放缓;在压缩投资、强化内部管理等各项举措的带动下,2005年企业经营效率进一步提高,盈利水平呈现上升势头,自由现金流表现强劲,投资回报均比往年有所突破,派息水平进一步提高,但资本市场的反应却不容乐观,股票涨跌明显劣于恒生指数。
In late March 2006, four telecom operators in China released the performance announcement one after another to present their business performance to investors in 2005 and describe the development ideas for 2006. The announcement shows that in 2005, the domestic telecom industry continued its growth momentum and the revenue of the four listed companies maintained a rapid growth. The growth rate of mobile services continued to surpass the growth rate of GDP and the growth of fixed line business slowed down significantly. As a result, Internal management and other initiatives. In 2005, the operating efficiency of enterprises further increased, profitability showed an upward trend, strong free cash flow performance, a breakthrough in investment return over previous years, and a further increase in dividend payout. However, the response to the capital market However, it is not optimistic. Stocks are obviously worse than the Hang Seng Index.