主营介绍

  • 主营业务:

    设计、开发、生产、分销及安装各种先进的ICT领域系统、设备和终端

  • 产品类型:

    运营商网络、消费者业务、政企业务

  • 产品名称:

    ICT 、 ICT解决方案

  • 经营范围:

    生产程控交换系统、多媒体通讯系统、通讯传输系统;研制、生产移动通信系统设备、卫星通讯、微波通讯设备、寻呼机,计算机软硬件、闭路电视、微波通信、信号自动控制、计算机信息处理、过程监控系统、防灾报警系统等项目的技术设计、开发、咨询、服务,铁路、地下铁路、城市轨道交通、公路、厂矿、港口码头、机场的有线无线通信等项目的技术设计、开发、咨询、服务(不含限制项目);电子设备、微电子器件的购销(不含专营、专控、专卖商品);承包境外通讯及相关工程和境内国际招标工程,上述境外工程所需的设备、材料进出口、对外派遣,实施上述境外工程的劳务人员;电子系统设备的技术开发和购销(不含限制项目及专营、专控、专卖商品);经营进出口业务(按贸发局核发的资格证执行);电信工程专业承包(待取得资质证书后方可经营);自有房屋租赁。新能源发电及应用系统的技术设计、开发、咨询、服务。

主营构成分析

{"2018-12-31":{"YYSR":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","8551320.00"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","5707580.00"],["\u6d88\u8d39\u8005\u4e1a\u52a1","1920960.00"],["\u653f\u4f01\u4e1a\u52a1","922780.00"]],"3":[["\u4e2d\u56fd","5444420.00"],["\u56fd\u9645\u5e02\u573a","3106900.00"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","1510950.00"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","1187720.00"],["\u975e\u6d32","408230.00"]]},"YYCB":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","5736760.00"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","3403570.00"],["\u6d88\u8d39\u8005\u4e1a\u52a1","1680260.00"],["\u653f\u4f01\u4e1a\u52a1","652930.00"]],"3":[["\u4e2d\u56fd","3372130.00"],["\u56fd\u9645\u5e02\u573a","2364630.00"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","1314620.00"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","835880.00"],["\u975e\u6d32","214130.00"]]},"LRBL":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","100.00"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","81.86"],["\u6d88\u8d39\u8005\u4e1a\u52a1","8.55"],["\u653f\u4f01\u4e1a\u52a1","9.59"]],"3":[["\u4e2d\u56fd","58.26"],["\u56fd\u9645\u5e02\u573a","20.87"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","5.52"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","9.89"],["\u975e\u6d32","5.46"]]}},"2018-06-30":{"YYSR":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","3943377.70"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","2350687.60"],["\u6d88\u8d39\u8005\u4e1a\u52a1","1149360.50"],["\u653f\u4f01\u4e1a\u52a1","443329.60"]],"3":[["\u4e2d\u56fd","2574604.50"],["\u56fd\u9645\u5e02\u573a","1368773.20"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","814171.90"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","426281.00"],["\u975e\u6d32","128320.30"]]},"YYCB":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","2750835.30"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","1381269.60"],["\u6d88\u8d39\u8005\u4e1a\u52a1","1053097.50"],["\u653f\u4f01\u4e1a\u52a1","316468.20"]],"3":[["\u4e2d\u56fd","1547999.70"],["\u56fd\u9645\u5e02\u573a","1202835.60"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","814269.50"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","305473.40"],["\u975e\u6d32","83092.70"]]},"LRBL":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","100.00"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","81.29"],["\u6d88\u8d39\u8005\u4e1a\u52a1","8.07"],["\u653f\u4f01\u4e1a\u52a1","10.64"]],"3":[["\u4e2d\u56fd","75.57"],["\u56fd\u9645\u5e02\u573a","12.21"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","-0.0072"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","8.89"],["\u975e\u6d32","3.33"]]}},"2017-12-31":{"YYSR":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","10881530.00"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","6378230.00"],["\u6d88\u8d39\u8005\u4e1a\u52a1","3520240.00"],["\u653f\u4f01\u4e1a\u52a1","983060.00"]],"3":[["\u4e2d\u56fd","6195860.00"],["\u56fd\u9645\u5e02\u573a","4685670.00"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","2730390.00"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","1578670.00"],["\u975e\u6d32","376610.00"]]},"YYCB":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","7500580.00"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","3824090.00"],["\u6d88\u8d39\u8005\u4e1a\u52a1","2980940.00"],["\u653f\u4f01\u4e1a\u52a1","695550.00"]],"3":[["\u4e2d\u56fd","3995010.00"],["\u56fd\u9645\u5e02\u573a","3505570.00"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","2173720.00"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","1053560.00"],["\u975e\u6d32","278290.00"]]},"LRBL":{"1":[["\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","100.00"]],"2":[["\u8fd0\u8425\u5546\u7f51\u7edc","75.55"],["\u6d88\u8d39\u8005\u4e1a\u52a1","15.95"],["\u653f\u4f01\u4e1a\u52a1","8.50"]],"3":[["\u4e2d\u56fd","48.25"],["\u56fd\u9645\u5e02\u573a","25.87"],["\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","12.20"],["\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","11.51"],["\u975e\u6d32","2.16"]]}}}
{"YYSR":{"chartWrap1":[{"name":"\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[8551320,3943377.7,10881530],"columnData":[100,100,100],"unit":["855.13\u4ebf","394.34\u4ebf","1088.15\u4ebf"]}],"chartWrap2":[{"name":"\u8fd0\u8425\u5546\u7f51\u7edc","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[5707580,2350687.6,6378230],"columnData":[66.75,59.61,58.62],"unit":["570.76\u4ebf","235.07\u4ebf","637.82\u4ebf"]},{"name":"\u6d88\u8d39\u8005\u4e1a\u52a1","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[1920960,1149360.5,3520240],"columnData":[22.46,29.15,32.35],"unit":["192.10\u4ebf","114.94\u4ebf","352.02\u4ebf"]},{"name":"\u653f\u4f01\u4e1a\u52a1","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[922780,443329.6,983060],"columnData":[10.79,11.24,9.03],"unit":["92.28\u4ebf","44.33\u4ebf","98.31\u4ebf"]}],"chartWrap3":[{"name":"\u4e2d\u56fd","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[5444420,2574604.5,6195860],"columnData":[46.7,48.47,39.8],"unit":["544.44\u4ebf","257.46\u4ebf","619.59\u4ebf"]},{"name":"\u56fd\u9645\u5e02\u573a","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[3106900,1368773.2,4685670],"columnData":[26.65,25.77,30.1],"unit":["310.69\u4ebf","136.88\u4ebf","468.57\u4ebf"]},{"name":"\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[1510950,814171.9,2730390],"columnData":[12.96,15.33,17.54],"unit":["151.09\u4ebf","81.42\u4ebf","273.04\u4ebf"]},{"name":"\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[1187720,426281,1578670],"columnData":[10.19,8.02,10.14],"unit":["118.77\u4ebf","42.63\u4ebf","157.87\u4ebf"]},{"name":"\u975e\u6d32","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[408230,128320.3,376610],"columnData":[3.5,2.42,2.42],"unit":["40.82\u4ebf","12.83\u4ebf","37.66\u4ebf"]}]},"YYCB":{"chartWrap1":[{"name":"\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[5736760,2750835.3,7500580],"columnData":[100,100,100],"unit":["573.68\u4ebf","275.08\u4ebf","750.06\u4ebf"]}],"chartWrap2":[{"name":"\u8fd0\u8425\u5546\u7f51\u7edc","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[3403570,1381269.6,3824090],"columnData":[59.33,50.21,50.98],"unit":["340.36\u4ebf","138.13\u4ebf","382.41\u4ebf"]},{"name":"\u6d88\u8d39\u8005\u4e1a\u52a1","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[1680260,1053097.5,2980940],"columnData":[29.29,38.28,39.74],"unit":["168.03\u4ebf","105.31\u4ebf","298.09\u4ebf"]},{"name":"\u653f\u4f01\u4e1a\u52a1","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[652930,316468.2,695550],"columnData":[11.38,11.5,9.27],"unit":["65.29\u4ebf","31.65\u4ebf","69.56\u4ebf"]}],"chartWrap3":[{"name":"\u4e2d\u56fd","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[3372130,1547999.7,3995010],"columnData":[41.62,39.15,36.3],"unit":["337.21\u4ebf","154.80\u4ebf","399.50\u4ebf"]},{"name":"\u56fd\u9645\u5e02\u573a","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[2364630,1202835.6,3505570],"columnData":[29.19,30.42,31.85],"unit":["236.46\u4ebf","120.28\u4ebf","350.56\u4ebf"]},{"name":"\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[1314620,814269.5,2173720],"columnData":[16.23,20.6,19.75],"unit":["131.46\u4ebf","81.43\u4ebf","217.37\u4ebf"]},{"name":"\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[835880,305473.4,1053560],"columnData":[10.32,7.73,9.57],"unit":["83.59\u4ebf","30.55\u4ebf","105.36\u4ebf"]},{"name":"\u975e\u6d32","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[214130,83092.7,278290],"columnData":[2.64,2.1,2.53],"unit":["21.41\u4ebf","8.31\u4ebf","27.83\u4ebf"]}]},"LRBL":{"chartWrap1":[{"name":"\u901a\u8baf\u8bbe\u5907\u7c7b\u5236\u9020\u884c\u4e1a","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[100,100,100],"columnData":[100,100,100],"unit":["100.00\u4e07","100.00\u4e07","100.00\u4e07"]}],"chartWrap2":[{"name":"\u8fd0\u8425\u5546\u7f51\u7edc","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[81.86,81.29,75.55],"columnData":[81.86,81.29,75.55],"unit":["81.86\u4e07","81.29\u4e07","75.55\u4e07"]},{"name":"\u6d88\u8d39\u8005\u4e1a\u52a1","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[8.55,8.07,15.95],"columnData":[8.55,8.07,15.95],"unit":["8.55\u4e07","8.07\u4e07","15.95\u4e07"]},{"name":"\u653f\u4f01\u4e1a\u52a1","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[9.59,10.64,8.5],"columnData":[9.59,10.64,8.5],"unit":["9.59\u4e07","10.64\u4e07","8.50\u4e07"]}],"chartWrap3":[{"name":"\u4e2d\u56fd","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[58.26,75.57,48.25],"columnData":[58.26,75.57,48.25],"unit":["58.26\u4e07","75.57\u4e07","48.25\u4e07"]},{"name":"\u56fd\u9645\u5e02\u573a","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[20.87,12.21,25.87],"columnData":[20.87,12.21,25.87],"unit":["20.87\u4e07","12.21\u4e07","25.87\u4e07"]},{"name":"\u6b27\u7f8e\u53ca\u5927\u6d0b\u6d32","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[5.52,-0.0072,12.2],"columnData":[5.52,-0.0072,12.2],"unit":["5.52\u4e07","-72","12.20\u4e07"]},{"name":"\u4e9a\u6d32(\u4e0d\u542b\u4e2d\u56fd)","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[9.89,8.89,11.51],"columnData":[9.89,8.89,11.51],"unit":["9.89\u4e07","8.89\u4e07","11.51\u4e07"]},{"name":"\u975e\u6d32","timeData":["2018-12-31","2018-06-30","2017-12-31"],"lineData":[5.46,3.33,2.16],"columnData":[5.46,3.33,2.16],"unit":["5.46\u4e07","3.33\u4e07","2.16\u4e07"]}]}}

营业收入 X

单位(%) 单位(万元)
注:通常在中报、年报时披露 
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 利润比例 毛利率
按行业 通讯设备类制造行业 855.13亿 100.00% 573.68亿 100.00% 100.00% 32.91%
按产品 运营商网络 570.76亿 66.75% 340.36亿 59.33% 81.86% 40.37%
消费者业务 192.10亿 22.46% 168.03亿 29.29% 8.55% 12.53%
政企业务 92.28亿 10.79% 65.29亿 11.38% 9.59% 29.24%
按地区 中国 544.44亿 46.70% 337.21亿 41.62% 58.26% 38.06%
国际市场 310.69亿 26.65% 236.46亿 29.19% 20.87% 23.89%
欧美及大洋洲 151.09亿 12.96% 131.46亿 16.23% 5.52% 12.99%
亚洲(不含中国) 118.77亿 10.19% 83.59亿 10.32% 9.89% 29.62%
非洲 40.82亿 3.50% 21.41亿 2.64% 5.46% 47.55%

董事会经营评述

  (一)2018年业务回顾
  1、2018年国内电信行业概述
  根据中国工业和信息化部公布的数据,2018年,国内电信行业收入13,010亿元人民币,同比增长3.0%注1。2018年,各种线上线下服务加速融合,移动互联网业务创新拓展,带动应用加快普及,刺激移动互联网数据流量消费保持高速增长。4G移动网络向纵深覆盖,盲点不断消除,移动网络服务质量持续提升。同时,5G标准研究和技术试验积极推进,5G第三阶段试验规范完成。光纤宽带部署规模不断扩大,构建云网互联平台,夯实为各行业提供服务的网络能力。
  2、2018年全球电信行业概述
  2018年,全球电信市场的投资和收入稳中有增,全球电信行... 查看全部▼

  (一)2018年业务回顾
  1、2018年国内电信行业概述
  根据中国工业和信息化部公布的数据,2018年,国内电信行业收入13,010亿元人民币,同比增长3.0%注1。2018年,各种线上线下服务加速融合,移动互联网业务创新拓展,带动应用加快普及,刺激移动互联网数据流量消费保持高速增长。4G移动网络向纵深覆盖,盲点不断消除,移动网络服务质量持续提升。同时,5G标准研究和技术试验积极推进,5G第三阶段试验规范完成。光纤宽带部署规模不断扩大,构建云网互联平台,夯实为各行业提供服务的网络能力。
  2、2018年全球电信行业概述
  2018年,全球电信市场的投资和收入稳中有增,全球电信行业的投资重点仍然是4G网络、数通、光传输和宽带接入等,4G网络进一步普及,成为当前移动宽带的主流网络。
  3、2018年本集团经营业绩
  2018年,本集团实现营业收入855.1亿元人民币,同比减少21.41%,归属于上市公司普通股股东的净利润为-69.8亿元人民币,同比减少252.88%,基本每股收益为-1.67元人民币,主要是由于本公司于2018年6月12日发布的《关于重大事项进展及复牌的公告》所述的10亿美元罚款,及2018年5月9日发布的《关于重大事项进展公告》所述事项导致的经营损失、预提损失所致。
  (1)按市场划分国内市场方面
  本年度内,本集团国内市场实现营业收入544.4亿元人民币,占本集团整体营业收入的63.7%。本集团坚持积极稳健的经营策略并拓展新的成长空间,积极参与运营商网络建设与技术演进,持续深入开展5G外场规模试验,凭借长期的技术积累及产品竞争力,抓住技术变革的机遇。
  国际市场方面本年度内,本集团国际市场实现营业收入310.7亿元人民币,占本集团整体营业收入的36.3%。本集团坚持全球化的策略不变,持续聚焦电信运营商市场,通过全系列创新产品方案,匹配客户4G网络性能演进、容量提升、面向5G平滑演进等主流需求,稳步推进与多家主流运营商的5G试验网。
  (2)按业务划分
  本年度内,本集团运营商网络实现营业收入570.7亿元人民币;政企业务实现营业收入92.3亿元人民币;消费者业务实现营业收入192.1亿元人民币。
  运营商网络无线领域,本集团聚焦价值产品,加强无线关键技术和重要市场的投入,使能数字化转型,着眼可持续性发展,与运营商实现共赢。有线领域,本集团聚焦国际主流运营商市场和价值客户,抓住移动承载、大视频、下一代PON、SDN/NFV等技术变革契机,持续优化产品市场格局。
  政企业务本集团基于“云网生态”的理念,围绕无线、承载、大数据、云计算等核心产品,与合作伙伴携手,共同打造行业创新方案,助力行业数字化转型。
  消费者业务本集团消费者业务围绕手机、家庭信息终端、固网宽带终端等业务展开,聚焦核心机型,强化产品竞争力,提升客户体验,做好5G终端布局,奠定持续发展基础。
  (二)2019年业务展望及面对的经营风险
  1、2019年业务展望
  本集团将坚持“聚焦运营商,提升客户满意度,坚持技术领先,坚定提高市场占有率,加强合规、人才、内控建设”的战略基本原则。
  展望2019年,信息消费和流量持续高速增长,5G产业持续推进,本集团将面临新的发展机遇。这些机遇体现为:5G进入商用部署的关键阶段,全球主要国家将陆续启动5G预商用,为5G规模商用做准备;5G将驱动各行业数字化转型,提升运营效率,实现业务创新和升级;5G商用推动产业链成熟,芯片、模组、终端逐步走向市场,带动新应用的创新发展。为此,本集团在2019年将采取如下经营策略:运营商网络方面,本集团继续聚焦并强化运营商业务领域,致力于在双赢、合规的前提下提升客户满意度,赢得自身发展。坚持并巩固技术领先,围绕5G产业主航道,加大芯片和基础技术的布局和能力,突出产品领先优势;建设一流的产品安全治理体系和服务交付活动,为客户提供端到端安全保障。
  政企业务方面,本集团将加强政企业务领域聚焦,强化核心产品在重点行业领域的经营,助力各行业的数字化转型深度发展。
  消费者业务方面,本集团将秉承以消费者体验为驱动的持续价值创新,与产业链上下游合作伙伴开放、创新,夯实、挖深、拓宽商业价值主航道,为消费者构建全场景的智慧体验和价值链。
  2019年,本集团将坚持核心技术自主创新,以技术为先导,引领5G创新;持续聚焦价值客户和核心产品,以客户为核心,深化与客户、伙伴的开放合作和协同;继续夯实“合规、人才、内控”三大基石,推动员工和企业的共同发展,强化合规流程建设,优化企业治理结构,防范经营风险。
  2、面对的经营风险
  (1)国别风险
  国际经济及政治形势纷繁复杂,本集团业务及分支机构运营覆盖100多个国家,业务开展所在国的宏观经济、政策法规、政治社会环境等各不相同,包括法律合规、税务、汇率、政局(如战争、内乱等)等方面的风险都将继续存在,可能对本集团的经营产生影响。本集团主要通过建立完整的合规管理体系来识别并遵从业务所在国的贸易、税务等政策规定(包括出口管制、GDPR(General Data Protection Regulation通用数据保护条例)等),确保合规经营;并与外部专业机构合作分析和应对国别风险,对评估风险较高的地区的具体业务通过购买必要的出口保险、通过融资途径以规避可能的损失。
  (2)知识产权风险
  本集团一直着力于产品技术的研发和知识产权的保护与管理。本集团在生产的产品及提供的服务上都有注册商标保护,并且这些产品及服务都具有相关专利权保护。然而,即使本集团已采取并实行了十分严格的知识产权保护措施,但不能完全避免与其他电信设备厂商、专利许可公司以及与本集团存在合作关系运营商之间产生知识产权纠纷,本集团将继续秉承开放、合作、共赢的方式推进相关问题的解决。
  (3)汇率风险
  本集团合并报表的列报货币是人民币,本集团的汇率风险主要来自以非人民币结算之销售、采购以及融资产生的外币敞口及其汇率波动,可能对本集团经营产生的影响。本集团持续强化敞口管理,通过商务策略引导、内部结算管理、融资结构设计、内部结汇与外汇衍生品保值等举措,降低汇率风险;本集团亦加强汇管国家的流动性风险管理,尝试推进海外项目的人民币计价及结算,以期长远降低汇率风险。
  (4)利率风险
  本集团的利率风险主要来自于有息负债,本外币的利率波动将使本集团所承担的利息支出总额发生变动,进而影响本集团的盈利能力。本集团主要运用有息负债总量控制及结构化管理来降低利率风险:有息负债总量控制主要是通过提高本集团现金周转效率、增加本集团自由现金流量来实现;有息负债的结构化管理主要是结合市场环境变化趋势,不断拓展全球低成本多样化融资渠道,通过境内外、本外币、长短期、固定或浮动利率的债务结构组合,辅之以利率掉期等衍生金融工具,进行利率风险的综合控制。
  (5)客户信用风险
  本集团为客户提供全方位的通信解决方案,由于本集团业务开展迅速,客户群体庞大,各类客户的资信存在一定差异,不同的资信状况对本集团的业务发展带来一定的影响,本集团主要通过客户资信调查、客户资信评级与授信、客户信用额度管理及风险总量控制、对付款记录不良客户实施信用管控等内部信用管理措施识别和管理信用风险,及通过购买信用保险、采用合适的融资工具转移信用风险,以减少上述影响。 收起▲