Annual Operation Report for China Netcom, 2004-2005

Chapter One: General analysis of operation
1.1 Fulfillment of business indicators
1.1.1 Users development in 2004
1.1.2 Communication time in 2004
1.2 Fulfillment of financial indicators
1.2.1 Revenues from communication services
1.2.2 Subnet communication revenues and their contributions to the total growth rate
1.2.3 Communication revenues of different services and their contributions to the total growth rate
1.2.4 Communication revenues of different branches and their contributions to the total growth rate
1.2.5 Communication revenues in different provinces
1.3 CNC's ARPU value
1.4 General characteristics of business development

Chapter Two: Local businesses
2.1 Fulfillment of local business indicators
2.1.1 Users development of local networks in 2004
2.1.2 Business development of local networks
2.2 Fulfillment of local financial indicators
2.2.1 General situation
2.2.2 Monthly rent income of local businesses
2.2.3 Inner-region call fees
2.2.4 Cross-region call fees
2.3 ARPU, MOU and unit price in local businesses
2.4 General characteristics of local business development

Chapter Three: Long-distance communication services
3.1 Business indicator performance of long-distance networks
3.1.1 General situation
3.1.2 Domestic long-distance calls
3.1.3 International long-distance calls
3.1.4 Long-distance calls to Hong Kong, Macao and Taiwan
3.2 Financial indicator performance of long-distance services
3.2.1 General situation
3.2.2 Revenues from domestic long-distance communication services
3.2.3 Revenues from international long-distance communication services
3.2.4 Revenues from long-distance communication services to Hong Kong, Macao and Taiwan
3.3 Pricing of long-distance communication services
3.4 Development characteristics of long-distance communication services in 2004

Chapter Four: Broadband services
4.1 Business indicator performance of broadband services
4.1.1 Users development in 2004
4.1.2 Structure of broadband users in 2004
4.1.3 User comparison by province in 2004
4.2 Financial indicator performance of broadband services
4.2.1 Revenue growth in 2004
4.2.2 Broadband revenue structure in 2004
4.2.3 Broadband revenue comparison by province in 2004
4.3 Pricing of broadband services
4.4 Development characteristics of broadband services in 2004

Chapter Five: Fundamental data and value-added services
5.1 Basic data business
5.1.1 Users development in 2004
5.1.2 Business revenue in 2004
5.2 Internet value-added business
5.3 Voice value-added business
5.3.1 Comparison between data and voice businesses in 2004
5.3.2 Caller ID business in 2004
5.3.3 SMS in fixed network

Chapter Six: Cross-net settlement and network elements lease
6.1 Cross-net settlement
6.2 Network elements lease

Chapter Seven: Network capacity and investment analysis
7.1 Exchange capacity and investment forecast
7.2 Investment by province

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Selected tables and figures
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Major business revenue of CNC in 2004
Revenue structure comparison of CNC subnets in 2003 and 2004
Contribution rates of various subnets to CNC in 2004
Revenue structure of CNC communication branch in 2003 and 2004
Contribution rates of the divisions to CNC in 2004
Comparison of communication revenues by province by the end of Nov 2004
CNC local users structure comparison, by the end of Nov 2004
Total users and newly-increased users comparison by province in 2004
Local network revenue structure comparison in 2003 and 2004
Local network monthly rent income structure in 2004
Inner-region call revenues of CNC local networks in 2003 and 2004
Cross-region call revenues of CNC local networks in 2003 and 2004
Revenue structure of CNC long-distance network division in 2003 and 2004
Revenue structure of CNC domestic long-distance network in 2003 and 2004
Revenue structure of CNC domestic IP long-distance services in 2003 and 2004
Revenue structure of CNC international long-distance services in 2003 and 2004
Revenue structure of CNC long-distance services to Hong Kong, Macao and Taiwan in 2003 and 2004
CNC broadband user structure by the end of November in 2004
CNC broadband ADSL user structure by the end of November in 2004
CNC broadband ADSL business structures in 2003 and 2004
CNC basic data business structures in 2003 and 2004
Average length of CNC data and voice services in 2003 and 2004
Revenues of CNC data and voice services in 2003 and 2004
Revenues of CNC caller ID service in 2003 and 2004
CNC cross-net settlement business structures in 2003 and 2004
CNC network elements lease business structures in 2003 and 2004
User development of major CNC business by the end of November 2004
Performance of major CNC business indicators by the end of November 2004
Subnet revenues of major CNC businesses by the end of November in 2003 and 2004
CNC optical fiber cable construction by the end of November 2004
CNC network construction by the end of November 2004
CNC investment comparison between 2003 and 2004