智通财经2月1日讯，今日，中国移动、中国联通及中国电信国内三大电信运营商相继发布公告，电信服 务增值税税目适用范围调整，税率由6%调整为9%，将对公司收入及利润产生影响。 中国移动今日公告称，近日，中华人民共和国财政部、国家税务总局发布了《关于增值税征税具体范围 有关事项的公告》（财政部 税务总局公告2026年第9号），规定自2026年1月1日起，在中华人民共和国 境内，利用固网、移动网、卫星、互联网，提供手机流量服务、短信和彩信服务、互联网宽带接入服务 的业务活动适用的税目由增值电信服务调整为基础电信服务，对应增值税税率由6%调整为9%。此次税 目适用范围调整，将对公司收入及利润产生影响。 中国联通今日公告称，近日，中华人民共和国财政部、国家税务总局发布《关于增值税征税具体范围有 关事项的公告》（财政部 税务总局公告2026年第9号），规定自2026年1月1日起，在中华人民共和国境 内，利用固网、移动网、卫星、互联网，提供手机流量服务、短信和彩信服务、互联网宽带接入服务的 业务活动适用的税目由增值电信服务调整为基础电信服务，对应增值税税率由6%调整至9%。此次税目 适用范围调整，将对本公司收入及利润产生影响 ...

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。 证券代码：601728 证券简称：中国电信 公告编号：2026-002 中国电信股份有限公司 关于电信服务增值税税目适用范围调整的公告 特此公告。 中国电信股份有限公司 董事会 2026 年 2 月 1 日 近日，中华人民共和国财政部、国家税务总局发布《关于增值税 征税具体范围有关事项的公告》(财政部 税务总局公告 2026 年第 9 号)，规定自 2026 年 1 月 1 日起，在中华人民共和国境内，利用固网、 移动网、卫星、互联网，提供手机流量服务、短信和彩信服务、互联 网宽带接入服务的业务活动适用的税目由增值电信服务调整为基础 电信服务，对应增值税税率由 6%调整至 9%。 本次增值税税目适用范围调整，将对公司收入和利润产生影响。 公司将全面实施云改数转智惠战略，加快科技型企业建设，全面推进 AI+行动，持续打造"算力+平台+数据+模型+应用"的一体化智能云 服务，加快培育发展新动能，推动提质降本增效，持续推进企业高质 量发展。 ...

Core Viewpoint - The announcement by China Telecom indicates a significant change in the taxation of telecommunications services, which will affect the company's revenue and profit starting January 1, 2026 [1] Group 1: Tax Changes - The Ministry of Finance and the State Taxation Administration of the People's Republic of China issued a notice regarding the specific scope of value-added tax (VAT) [1] - From January 1, 2026, the tax category for services such as mobile data, SMS, MMS, and internet broadband access will change from value-added telecommunications services to basic telecommunications services [1] - The applicable VAT rate will increase from 6% to 9% for these services [1] Group 2: Impact on Company - The adjustment in the VAT category and rate is expected to have an impact on the revenue and profit of China Telecom [1]

Core Viewpoint - The adjustment in the VAT tax category for telecommunications services in China will impact the revenue and profit of China Telecom, as the VAT rate will increase from 6% to 9% starting January 1, 2026 [1] Group 1: Tax Policy Changes - The Ministry of Finance and the State Taxation Administration of China announced that from January 1, 2026, the tax category for services such as mobile data, SMS, MMS, and internet broadband access will change from value-added telecommunications services to basic telecommunications services [1] - The corresponding VAT rate for these services will increase from 6% to 9% [1] Group 2: Company Strategy - China Telecom will fully implement its cloud transformation strategy, focusing on building technology-driven enterprises [1] - The company aims to accelerate its AI initiatives and develop an integrated intelligent cloud service model that combines computing power, platforms, data, models, and applications [1] - The strategic focus is on fostering new growth drivers, enhancing quality, reducing costs, and improving efficiency to promote high-quality development [1]

Core Viewpoint - China Telecom has filed an international patent application for a "business control method, device, equipment, medium, and product," with the application number PCT/CN2025/109872, set to be published internationally on January 29, 2026 [1] Group 1: Patent Application - The patent application is part of China Telecom's ongoing innovation efforts [1] - This marks the 23rd international patent application filed by China Telecom this year, representing a 61.67% decrease compared to the same period last year [1] Group 2: R&D Investment - In the first half of 2025, China Telecom invested 4.782 billion yuan in research and development, which is a year-on-year increase of 2.65% [1]

Group 1 - The core point of the article is that China Telecom has filed an international patent application for a technology related to information processing, with the application number PCT/CN2024/142589 and a publication date set for January 29, 2026 [1] Group 2 - China Telecom has announced a total of 23 international patent applications this year, which represents a decrease of 61.67% compared to the same period last year [3] - In the first half of 2025, China Telecom invested 4.782 billion yuan in research and development, showing a year-on-year increase of 2.65% [3]

Group 1 - The core point of the article is that China Telecom has filed an international patent application for a "data reporting method and related equipment," with the application number PCT/CN2024/136902, and the international publication date set for January 29, 2026 [1] Group 2 - China Telecom has announced a total of 23 international patent applications this year, representing a decrease of 61.67% compared to the same period last year [3] - In the first half of 2025, China Telecom invested 4.782 billion yuan in research and development, which is a year-on-year increase of 2.65% [3]

Core Insights - The Chinese telecommunications industry is at a crossroads as the 2025 statistics reveal a mixed performance, with total telecom business volume growing by 9.1% year-on-year, significantly outpacing GDP growth by 4.1 percentage points, contributing positively to economic growth [2] - However, telecom business revenue growth has declined to only 0.7% in 2025, a drop of 2.5 percentage points from 2024, indicating a trend of stagnation in revenue growth despite overall market improvements [3][4] Group 1: Industry Performance - By the end of 2025, the number of 5G base stations reached 4.838 million, accounting for 37.6% of mobile phone base stations, with an average of 34.4 5G base stations per 10,000 people, exceeding the "14th Five-Year Plan" target [2] - The number of mobile phone users in China reached 1.827 billion, with a penetration rate of 130 devices per 100 people, surpassing the global average by 22.5 percentage points [2] - The number of 5G mobile phone users reached 1.204 billion, with a net increase of 190 million users, representing over 65.9% of total mobile phone users, which is 2.1 times the global average [2] Group 2: Revenue Trends - Telecom business revenue for 2025 was 1.75 trillion yuan, with a growth rate of only 0.7%, down from 3.2% in 2024, and significantly lower than the 6.2% and 8% growth rates in 2023 and 2022, respectively [3][4] - Traditional business revenues, including mobile data and voice services, are declining due to competition from OTT services and pricing pressures, with traditional business revenue down by 0.5% in 2025 [4] Group 3: Emerging Business Growth - New emerging businesses, including cloud computing, big data, and IoT, accounted for 25.7% of telecom industry revenue in 2025, growing by 4.7% year-on-year and contributing 1.2 percentage points to overall revenue growth [6] - Big data business revenue grew by 69.2% year-on-year, driven by demand from enterprise clients for data governance and intelligent applications [6] - The number of IoT terminal users reached 2.888 billion, significantly exceeding the number of mobile phone users, indicating a shift from low-value connections to revenue-generating opportunities [7] Group 4: Transition Challenges - The growth rate of cloud computing revenue slowed to 2.9% in 2025, a significant drop from nearly 30% in 2023, highlighting challenges in the sector [8] - Operators face difficulties in the cloud business due to pricing structures and competition from major cloud providers, which limits their market share in high-end cloud services [9] - Continued investment in data centers and computing networks is squeezing profit margins for operators, with China Mobile's computing network investment reaching 37.3 billion yuan in 2025 [9] Group 5: Future Outlook - The ability of emerging businesses to transition from volume growth to high-quality monetization will depend on the industry's execution in building capabilities, ecosystem cooperation, and capital efficiency [10] - If operators can effectively integrate network advantages with computing services into scalable products, emerging businesses may become a sustainable profit driver for the telecommunications industry [10]

Core Viewpoint - The meeting between Shanxi provincial leaders and China Telecom's executives focuses on promoting the integration of the real economy and digital economy, as well as the development of "Artificial Intelligence+" industry applications [1] Group 1 - Shanxi provincial leaders, including Secretary Tang Dengjie and Governor Lu Dongliang, met with China Telecom Group Chairman Ke Ruiwen to discuss collaboration [1] - A strategic cooperation framework agreement was signed between the two parties, represented by Vice Governor Wang Haizhou and China Telecom's Vice General Manager Huang Zhiyong [1]

Group 1 - The core viewpoint emphasizes the need for Jiangxi to open up demonstration public application scenarios in intelligent manufacturing and low-altitude economy to accelerate the integration of artificial intelligence with the real economy [1][3] - Jiangxi Telecom, as a central enterprise in Jiangxi, is committed to driving industrial upgrades through digital innovation and supporting the development of new productive forces in Jiangxi [1][3] Group 2 - Jiangxi Telecom has been actively transforming traditional data centers into artificial intelligence data centers, creating a new pattern of computing power supply that is leading in scale and environmentally friendly across Jiangxi [3] - In 2024, Jiangxi Telecom plans to establish the first large-scale intelligent computing hub in Jiangxi, the Poyang Lake Intelligent Computing Center, and deploy the "Xiangran" computing scheduling platform, which is one of the top ten super projects of central enterprises in 2022 [3] - In 2026, Jiangxi Telecom will establish an artificial intelligence research institute focusing on computing power, models, and application scenarios, supporting the development of a distinctive "AI+" industrial ecosystem in Jiangxi [3] - During the 14th Five-Year Plan period, Jiangxi Telecom will increase investment and cooperation in computing power infrastructure, industrial digitalization, "AI+", and low-altitude economy to promote high-quality economic and social development in Jiangxi [3]