Core Viewpoint - The rapid development of a new technological revolution, including artificial intelligence and quantum technology, presents significant opportunities for industry applications and innovation, emphasizing the need for a robust digital information infrastructure to support these advancements [1][2]. Group 1: Industry Trends and Requirements - The demand for intelligent, green, and secure digital information infrastructure is increasing, necessitating a nationwide integrated computing power internet to manage resources across different regions and service providers [2]. - The explosive growth of intelligent computing requires innovative integration of computing power with energy supply systems, highlighting the need for collaboration between communication and energy sectors [2]. - The rapid advancements in AI and quantum technology present both opportunities and new security challenges, necessitating a comprehensive approach to digital information security [2]. Group 2: Innovation and Application Development - The industry is entering a critical phase where large-scale applications drive development, with generative AI rapidly iterating and improving capabilities across various sectors [3]. - The integration of quantum technology with multiple industries is essential for accelerating the development of the quantum industry, alongside the expansion of direct satellite connections into new fields [3]. - China Telecom emphasizes the importance of an application-oriented approach to foster innovation and development, advocating for a cycle of "technology-product-industry" [3]. Group 3: Infrastructure and Technological Advancements - China Telecom aims to enhance its digital information infrastructure by focusing on high-capacity networks, including 5G and 50GPON broadband networks, and developing a global satellite network [4]. - The company is committed to building a robust computing infrastructure, enhancing efficiency in computing power supply, and promoting green and secure digital infrastructure [4]. - Efforts will be made to advance quantum communication technology and establish a nationwide quantum communication network to support industry development [4]. Group 4: Application Integration and Market Expansion - China Telecom plans to integrate intelligent applications deeply into industry production scenarios, developing over 80 industry-specific models and enhancing service capabilities [5]. - The company aims to enrich digital applications for individuals and families, leveraging AI to improve social governance and enhance green and secure product offerings [5]. - A commitment to deepening reform and opening up is highlighted, focusing on collaboration in cloud computing, AI, and quantum technologies to foster industry prosperity [5].

Core Viewpoint - China Telecom is actively engaged in the development of the low-altitude economy, emphasizing the establishment of core capabilities and infrastructure to support this emerging strategic industry [1] Group 1: Infrastructure Development - China Telecom has built a wide-area low-altitude communication network, a high-intelligence low-altitude perception network, and a high-efficiency low-altitude computing network to provide a solid infrastructure for the low-altitude economy [1] Group 2: Technological Advancements - The company is promoting technological breakthroughs by leveraging advantages in cloud-network integration, AI, quantum technology, and security to lead the development of low-altitude economy technologies and facilitate the formulation of relevant standards [1] Group 3: Service and Operations - China Telecom is constructing a service operation system in collaboration with local governments to advance the construction of new low-altitude infrastructure and provide comprehensive solutions for low-altitude applications to meet the needs of enterprises and the public [1] Group 4: Ecosystem Collaboration - The company has initiated the establishment of a low-altitude economy industry alliance, collaborating with industry partners to promote technological innovation and implement the "Low-altitude Navigator" action plan, resulting in the launch of over 300 projects [1] Group 5: Future Plans - China Telecom aims to further enhance its digital capabilities in the low-altitude economy, optimize its operational service system, deepen industrial ecosystem collaboration, and ensure high-quality development and high-level safety in the low-altitude economy [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 RMB 本月底法定/註冊股本總額: 91,507,138,699 截至月份: 2024年11月30日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 中國電信股份有限公司 呈交日期: 2024年12月2日 l. 法定/註冊股本變動 | . 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00728 | 説明 | H股 | | | | | | | | 法定/註冊股份數目 | | 面値 | | 法定/註冊股本 | | | 上月底結存 | | | 13,877,410,000 RMB | | 1 |RMB | | 13,877,410,000 | | 增加 / 減少 (-) | | | | | |RMB | | 0 | | 本月底結存 | | | 13,877,410,000|RMB | | 1 |RMB | | 13,877,410,000 | ...

中国电信股份有限公司 二〇二四年十一月二十日 2 证券代码：601728 证券简称：中国电信 公告编号：2024-050 中国电信股份有限公司 2024 年 10 月主要运营数据公告 中国电信股份有限公司 2024 年 10 月主要运营数据如下： | 单位：万户 | 2024 年 10 月 | | --- | --- | | 移动用户数 | 42,343 | | 当月净增/减用户数 | 76 | | 当年累计净增/减用户数 | 1,566 | | 其中：5G 套餐用户数 | 34,753 | | 当月净增/减用户数 | 247 | | 当年累计净增/减用户数 | 2,887 | | 有线宽带用户数 | 19,662 | | 当月净增/减用户数 | 36 | | 当年累计净增/减用户数 | 646 | | 固定电话用户数 | 9,761 | | 当月净增/减用户数 | -39 | | 当年累计净增/减用户数 | -341 | 1 本公司谨此提醒投资者，上述运营数据为内部统计数据， 并不代表公司对未来经营情况的任何预测或保证，投资者应 注意不恰当地使用上述数据可能造成的投资风险。 ...

证券代码：601728 证券简称：中国电信 公告编号：2024-049 中国电信股份有限公司 关于全资子公司对外投资的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 对外投资概述 中国电信股份有限公司（以下简称"公司"）于2024年3月11日以 通讯方式召开第八届董事会第六次会议、第八届监事会第五次会议、 第八届董事会审核委员会第五次会议、2024年第一次独立董事专门会 议，审议通过《关于全资子公司收购科大国盾量子技术股份有限公司 控制权的议案》。 2024年3月11日，公司之全资子公司中电信量子信息科技集团有 限公司（以下简称"中电信量子集团"）与科大国盾量子技术股份有 限公司（以下简称"国盾量子"）签订了《科大国盾量子技术股份有 限公司非公开发行A股股票之附条件生效的股份认购暨战略合作协 议》，中电信量子集团拟以自有资金按照78.94元人民币/股的价格， 认购国盾量子非公开发行的24,112,311股A股股份（最终数量以中国 证监会同意注册发行的股票数量为准），认购总金额为人民币 1,903,425,830 ...

Investment Rating - The report maintains a "Buy-A" rating for China Telecom (601728.SH) [1][5] Core Views - The company achieved a revenue of 391.97 billion yuan in Q1-Q3 2024, representing a year-on-year increase of 2.9%. Service revenue grew by 3.8% to 362.89 billion yuan, while net profit attributable to shareholders rose by 8.1% to 29.30 billion yuan [2][5] - The company is optimizing resource allocation and has seen results from cost reduction and efficiency improvement initiatives, with operating costs increasing by only 3.0% year-on-year, a significant decrease from the previous year's 6.1% [3] - The mobile communication service revenue reached 156.82 billion yuan, up 3.2% year-on-year, with a total mobile user base of 423 million, including 345 million 5G users [3][4] Summary by Sections Market Performance - In Q1-Q3 2024, the fixed-line and smart home services revenue was 95.62 billion yuan, up 2.9% year-on-year, with broadband users reaching 196 million and smart home revenue increasing by 17.0% [1][2] Financial Performance - The company reported a net profit of 29.30 billion yuan, with an EPS of 0.32 yuan, reflecting an 8.1% increase year-on-year [2][5] - The EBITDA for the same period was 117.03 billion yuan, indicating a stable growth trajectory [11] Business Segments - The digital industry business revenue was 105.55 billion yuan, growing by 5.8% year-on-year, contributing to 29.1% of service revenue [4][5] - The company continues to enhance its digital transformation strategy, integrating "network + cloud + AI + applications" to meet the growing digitalization demands across various sectors [5] Future Outlook - The company aims for good growth in revenue and EBITDA for the full year, with net profit growth expected to outpace revenue growth. The dividend per share is projected to increase to 0.1671 yuan, a 5% year-on-year rise, with a payout ratio reaching 70% [5] - Profit forecasts for 2024-2026 indicate net profits of 32.52 billion, 34.91 billion, and 36.86 billion yuan, respectively, with corresponding EPS of 0.36, 0.38, and 0.40 yuan [5][7]

致：香港交易及結算所有限公司 公司名稱: 中國電信股份有限公司 呈交日期: 2024年11月1日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年10月31日 狀態: 新提交 第 2 頁 共 10 頁 v 1.1.0 FF301 | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00728 | 說明 | H 股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 13,877,410,000 | RMB | | 1 RMB | | 13,877,410,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,877,410,000 | RMB | | 1 RMB | | 13,877 ...

Group 1 - The core point of the article is that Honor has introduced a new round of investors as part of its equity restructuring, which includes China Telecom, funds under CICC, cornerstone funds, TeFa Fund, and a new agency investment platform (Jinshi Xingyao) [1] - Honor emphasizes its commitment to open and transparent development principles while continuously promoting diversification of its equity structure [1]

2024年中国电信坚定履行建设网络强国和数字中国维护网信安全责任持续深入实施云改树转战略高质量发展迈出新的坚实步伐公司将会建设科技领域企业 加强关键核心技术公关5G和下一代互联网两个项目获得国家科技进步奖一等奖云服务器操作系统数据库等云计算基础软件取得重大突破公司全面深化改革加大开放力度 不断激发企业创新发展努力连续三年扩平国务院国资委中央企业改革重点任务考核一期公司加快推进先行数据信息基础设施提制升级夯实高质量发展的关键底座积极践行绿色发展理念助力经济社会绿色转型 会议即将开始请大家保持安静 谢谢好的 现在可以 在会议正式开始之前请管理层合影留念 来 回家来 女士们先生们各位媒体朋友们大家下午好我是公司投资者关系部总经理王立斌欢迎各位出席公司2024年业绩发说明会首先请允许我介绍今天出席的公司董事及管理层成员他们是执行董事董事长兼首席执行官柯瑞文先生 执行董事兼执行副总裁唐柯先生执行董事执行副总裁财务总监兼董事会秘书李英辉先生执行副总裁刘莹女士独立非执行董事吴嘉宁先生 有五名领军人才千名首席专家等顶尖的人才队伍公司聚焦四大跟技术方向持续加强核心技术公关云服务器操作系统数据库等云计算基础软件取得重大突破承担云 ...

董事会确认公司第二期股票增值权激励计划第一和第二归属期 行权条件达成，由公司统一办理股票增值权行权事宜。 证券代码：601728 证券简称：中国电信 公告编号：2024-048 中国电信股份有限公司 第八届董事会第十五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会召开情况 中国电信股份有限公司（以下称"公司"）于 2024 年 10 月 30 日 以通讯方式召开了第八届董事会第十五次会议。本次董事会的会议通 知及资料已于会前发送给公司全体董事。本次会议应到董事 11 人， 实到董事 11 人，会议由董事长柯瑞文主持，会议的召开及其程序符 合有关法律、法规和公司章程的规定。 二、董事会审议情况 （一）批准《关于公司第二期股票增值权激励计划第一和第二归 属期行权条件达成的议案》 表决结果：赞成票：11 票，反对票：0 票，弃权票：0 票。 特此公告。 中国电信股份有限公司 董 事 会 二〇二四年十月三十日 1 ...