Far EasTone's profit per share will be 2.95 yuan in 2022, a five-year high.

The picture shows Jing Qi, General Manager of Far EasTone.

(Photo by reporter Wang Yihong)

[Reporter Wang Yihong/Report from Taipei] Far EasTone Telecom (4904) will have a revenue of 8.125 billion yuan in December 2022.

After-tax net profit of 900 million yuan, an annual increase of 42.7%, earnings per share of 0.28 yuan, total revenue of 89.151 billion yuan in 2022, an annual increase of 4.5%, after-tax net profit of 9.608 billion yuan, an annual increase of 22.1% (excluding the impact of one-time income) , hit a new high in the past five years, with earnings per share of 2.95 yuan, and the completion rate of financial forecasts exceeded all standards.

Far EasTone said that in December 2022, both the total number of Far EasTone Telecom users and the number of monthly rental users are growing, and the 5G penetration rate continues to rise, driving the average monthly contribution of customers (Average Revenue Per User, ARPU) to 22 in a row in December. The monthly growth rate is positive, with an annual growth rate of 3.1%; the annual growth rate of monthly ARPU is as high as 3.6%.

Far EasTone's December mobile service revenue grew at an annual rate of 4.4%, achieving positive growth for 22 months.

In 2022, the annual growth rate of mobile service revenue will be 2.9%, reaching 49.824 billion, setting a new high in the past three years and firmly ranking second in the industry.

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Far EasTone pointed out that the digital transformation continues to create more benefits, and the new economic benefits are expanding year by year. The annual growth rate of new economic revenue reached 18%, and the proportion of revenue increased from 15% in 2019 to 19.4% year by year. Benefited from With the strong demand for cloud services and the Internet of Things at the enterprise end, the revenue growth rate of the information and communication business is the most impressive; Far EasTone's friDay shopping, personal smart IoT devices and equipment also performed well, injecting new economic revenue growth.

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