On August 20 this year, China Telecom was listed on the main board of the Shanghai Stock Exchange with an issue price of 4.53 yuan per share. On the first day of listing, the highest price of China Telecom was reported at 6.52 yuan. Since then, it has fallen all the way and was ridiculed by netizens of “telecommunications fraud.”
On September 24, China Telecom fell below the issue price for the first time, with an intraday low of 4.43 yuan.Yesterday, the stock price hit a new low of 4.16 yuan. As of the close, China Telecom reported 4.17 yuan, with a total market value of 355.8 billion yuan.
Some investors asked on the investor interactive platform: What do you think of China Telecom’s share price break? China Telecom responded:The company’s current daily operations are normal, and the secondary market stock prices are affected by multiple factors. Investors are requested to treat market fluctuations objectively and pay attention to investment risks.
In addition, China Telecom also revealed thatThe company will disclose its third quarter report on October 23, which will disclose relevant shareholders and shareholdings.
In the first half of this year, China Telecom’s operating income was 217.547 billion yuan, a year-on-year increase of 13.05%; net profit was 17.743 billion yuan, a year-on-year increase of 27.20%; net cash flow was 68.382 billion yuan, a year-on-year increase of 2.55%.
It is understood that before the exercise of the over-allotment option for the A-share issuance, China Telecom’s issuance of 10.396 billion shares, accounting for 11.38% of the total number of shares after the completion of the issuance; if the A-share issuance exceeds the amount The placement option is fully exercised, and the issuance scale after the completion of the issuance will be 11.956 billion shares, accounting for 12.87% of the total number of shares after the completion of the issuance.
Without considering the over-allotment option for the A-share issuance, China Telecom’s total funds raised in this issuance amounted to 47.094 billion yuan; when the over-allotment option for the A-share issuance was fully exercised, China Telecom’s current over-allotment option The total amount of funds raised from the issuance is 54.159 billion yuan.
China Telecom’s prospectus shows that after deducting the issuance costs, the company’s actual raised funds will be used for 5G industrial Internet construction projects, cloud-network integration new information infrastructure projects, and scientific and technological innovation research and development projects.
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