China Telecommunications Corp, parent of H share China Telecom, said revenue rose 7.6 per cent last year, well short of growth in the sector. The fixed-line giant posted 130.3 billion yuan (about HK$122 billion) in sales revenue from its core operation, against 14.41 per cent growth in the industry. The numbers were announced at an annual meeting in Beijing over the weekend and were reported by several state-owned newspapers. According to the Ministry of Information Industry, China's six basic telecoms service carriers recorded a combined 411.58 billion yuan in revenue last year. China Telecom was a near monopoly in the world's largest market, but its market share has dropped to 32.5 per cent, with dominant mobile carrier China Mobile Communications Corp edging it out at 37.2 per cent. Zhou Deqiang, general manager of the fixed-line giant, was quoted by reports as saying the company was targeting 141.3 billion yuan in revenue this year. The carrier said pre-tax profit was 9.18 billion yuan. China Telecom group was split up into two entities last May in the mainland government's latest reforms. The group operates in 21 provinces in south China. In 10 provinces in northern China, it merged with China Netcom and Jitong Communications. Its fixed-line users increased by 22.11 million to 133 million last year, while broadband subscribers grew by 1.85 million to 2.54 million. This year, the carrier aims to add 20 million fixed-line users and 2.5 million broadband users. Next month, the SAR-listed arm is scheduled to announce its first results after listing, with the company forecasting net profit of not less than 16.5 billion yuan.