Financial Performance - For the first three quarters of 2025, the company's operating revenue was RMB 397 billion, representing a year-on-year increase of 0.6%[7] - The profit attributable to shareholders was RMB 30.8 billion, reflecting a year-on-year growth of 5.0%[7] - The EBITDA for the period was RMB 115.6 billion, with a year-on-year increase of 4.2%, resulting in an EBITDA margin of 31.6%[7][8] - Total operating revenue for the nine months ended September 30, 2025, was RMB 396,998 million, a slight increase from RMB 394,718 million in the same period of 2024, representing a growth of approximately 0.3%[16] - Net profit for the nine months ended September 30, 2025, reached RMB 30,771 million, compared to RMB 29,340 million in 2024, indicating an increase of about 4.9%[17] - The company reported a total of RMB 37,739 million in operating profit for the nine months ended September 30, 2025, compared to RMB 36,384 million in 2024, representing an increase of approximately 3.7%[16] - The pre-tax profit for the nine months ended September 30, 2025, was RMB 39,450 million, up 5% from RMB 37,712 million in 2024[19] User Growth and Traffic - The total number of mobile users reached 43.72 million, with a net increase of 1.27 million users during the period[6] - The number of 5G network users reached 29.24 million, with a net increase of 4.17 million users[6] - The total mobile internet traffic was 7,733.26 million TB, showing a year-on-year growth of 16.9%[9] Revenue Streams - The company's IDC revenue was RMB 27.5 billion, up 9.1% year-on-year, while intelligent revenue grew by 62.3%[10] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 876.05 billion, an increase of 1.1% compared to the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 876,049 million, up from RMB 866,625 million at the end of 2024, reflecting a growth of approximately 1.6%[15] - The company's total liabilities stood at RMB 410,815 million as of September 30, 2025, slightly up from RMB 410,073 million in 2024, showing a marginal increase of 0.2%[15] - The net current liabilities improved to RMB (106,612) million in 2025 from RMB (137,252) million in 2024, indicating a positive change in liquidity[15] - The total equity attributable to shareholders increased to RMB 458,123 million in 2025 from RMB 452,390 million in 2024, showing a growth of about 1.3%[15] Cash Flow and Expenditures - The company's cash and cash equivalents decreased to RMB 44,594 million in 2025 from RMB 82,207 million in 2024, a decline of approximately 45.4%[14] - The net cash generated from operating activities for the nine months ended September 30, 2025, was RMB 87,421 million, a decrease of 10% compared to RMB 97,316 million for the same period in 2024[18] - The company's capital expenditures for the nine months ended September 30, 2025, were RMB (44,810) million, down 23% from RMB (58,238) million in 2024[18] - The net cash used in investing activities was RMB (84,958) million, an increase of 23% compared to RMB (68,913) million in 2024[18] - The company reported a net cash outflow from financing activities of RMB (40,033) million, compared to RMB (36,080) million in 2024, indicating a 11% increase in cash outflow[18] - Cash and cash equivalents decreased by RMB 37,570 million during the nine months ended September 30, 2025, compared to a decrease of RMB 7,677 million in 2024[18] Dividends and Interest - The company paid dividends amounting to RMB (25,064) million, which is an increase of 17% from RMB (21,300) million in 2024[18] - The company experienced a net interest expense of RMB 1,563 million for the nine months ended September 30, 2025, compared to RMB 1,794 million in 2024[19] Strategic Initiatives - The company plans to fully implement a cloud transformation strategy, enhancing core capabilities and competitiveness[12]

China Telecom Corporation Limited 中国电信股份有限公司 ( 於中華人民共和國註冊成立之股份有限公司 ) (股份編號：728) 2025年第三季度主要運營數據 中國電信股份有限公司（「本公司」）董事會（「董事會」）宣佈2025年第三季度本公司及 其附屬公司（統稱「本集團」）的主要運營數據。 2025年第三季度主要運營數據公佈如下： | | 2025年三季度 | | --- | --- | | 移動用戶數（百萬戶） | 437.19 | | 當季淨增用戶數（百萬戶） | 4.48 | | 其中：5G網絡用戶數（百萬戶） | 292.41 | | 當季淨增用戶數（百萬戶） | 10.39 | | 有線寬帶用戶數（百萬戶） | 200.49 | | 當季淨增用戶數（百萬戶） | 1.89 | 董事會謹此提醒投資者，以上運營數據為本集團內部統計數據，投資者應小心以免不恰當地倚賴 該等數據。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何 ...

智通财经APP讯，中国电信(601728.SH)披露2025年第三季度报告，公司前三季度实现营收3942.7亿元， 同比增长0.59%;归属于上市公司股东的净利润307.73亿元，同比增长5.03%;扣非净利润286.97亿元，同 比增长0.04%;基本每股收益0.34元。 2025年前三季度，公司坚定履行建设网络强国、科技强国、数字中国和维护网信安全责任，抢抓新一轮 科技革命和产业变革发展机遇，全面拥抱人工智能，推动企业战略向云改数转智惠升级，进一步加快向 服务型、科技型、安全型企业转型，持续推动战略新兴业务规模拓展，更加突出高质量发展主题，公司 经营业绩保持稳健。 公司坚持以客户为中心，积极把握广大用户的数字消费新需求，加快推动连接、终端、应用、权益等融 合要素升级，持续提升个人及家庭端产品和服务的供给能力。2025年前三季度，公司基础业务稳健发 展，5G网络用户数达到2.9亿户，渗透率提升至66.9%，手机上网总流量同比增长16.9%，手机上网DOU 达到22.3GB，同比增长11.4%，千兆宽带用户渗透率约31.0%。 公司以第一科技"息壤"为核心，构建完成智能云体系，基于云网融合提供"算力+平台+数 ...

北京商报讯（记者 陶凤 王天逸）10月21日，中国电信披露2025年三季报，公司前三季度实现营业收入 3943亿元，同比微增0.6%；归母净利润308亿元，同比增长5%；经营性现金流873亿元。 ...

Core Insights - China Telecom (601728.SH) reported a revenue of RMB 394.3 billion for the first three quarters of 2025, reflecting a year-on-year growth of 0.6% [1] - The net profit attributable to shareholders for the same period was RMB 30.8 billion, showing a year-on-year increase of 5% [1] - In Q3 2025, the company recorded a revenue of RMB 124.8 billion, which is a decline of 0.91% year-on-year, while the net profit for this quarter was RMB 7.756 billion, up by 3.6% year-on-year [1] Revenue Breakdown - The revenue from new strategic businesses continued to expand, with IDC revenue reaching RMB 27.5 billion, a year-on-year growth of 9.1% [1] - Security revenue amounted to RMB 12.6 billion, marking a year-on-year increase of 12.4% [1] - Smart revenue saw a significant year-on-year growth of 62.3% [1] - Video Internet revenue increased by 34.2% year-on-year [1] - Satellite communication revenue grew by 23.5% year-on-year [1] - Quantum revenue experienced a remarkable year-on-year increase of 134.6% [1]

Core Insights - The core viewpoint of the articles indicates that China Telecom's revenue has slightly decreased while net profit has increased, driven mainly by non-operating items, and highlights the contrasting performance between emerging and traditional businesses [1][3][4]. Financial Performance - In Q3 2025, China Telecom reported a revenue of 1248.48 billion RMB, a year-on-year decrease of 0.91% [1][2]. - The net profit attributable to shareholders increased by 3.60% to 77.56 billion RMB, primarily driven by non-operating projects [1][2]. - For the first three quarters of 2025, total revenue reached 394.27 billion RMB, a growth of 0.59% year-on-year, while net profit was 307.73 billion RMB, up 5.03% [2]. User Growth - The company added 12.67 million mobile users and 3.05 million broadband users in the first three quarters of 2025 [1][4]. - The total number of mobile users reached 437 million, with a 5G penetration rate of 66.9% [4]. - The net increase in mobile users was lower than the previous year's 14.90 million, and broadband user growth also slowed significantly from 6.10 million to 3.05 million [4]. Emerging Business Growth - Emerging businesses are identified as the main growth driver, with significant increases in revenue from strategic new businesses [3]. - IDC business revenue reached 27.5 billion RMB, growing by 9.1%, while security business revenue was 12.6 billion RMB, up 12.4% [3]. - "Smart revenue" surged by 62.3%, IoT revenue grew by 34.2%, and quantum revenue doubled with a growth of 134.6% [3]. Cost Control and R&D Investment - The company maintained effective cost control, with operating costs rising only 0.1% to 274.8 billion RMB [6]. - Sales expenses decreased by 1.4%, optimizing the expense structure [6]. - R&D expenses increased by 4.4% to 9.1 billion RMB, focusing on key technologies related to network, cloud, AI, and quantum security [6].

| 单位：万户 | 2025 年三季度 | | --- | --- | | 移动用户数 | 43,719 | | 当季净增/减用户数 | 448 | | 其中：5G 网络用户数 | 29,241 | | 当季净增/减用户数 | 1,039 | | 有线宽带用户数 | 20,049 | | 当季净增/减用户数 | 189 | 证券代码：601728 证券简称：中国电信 公告编号：2025-030 中国电信股份有限公司 2025 年第三季度主要运营数据公告 中国电信股份有限公司 2025 年第三季度主要运营数据 如下： 二〇二五年十月二十一日 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。 中国电信股份有限公司 ...

Core Insights - China Telecom reported third-quarter revenue of 124.848 billion yuan, a year-on-year decrease of 0.91% [1] - The net profit for the third quarter was 7.756 billion yuan, reflecting a year-on-year increase of 3.60% [1] - For the first three quarters, the total revenue reached 394.27 billion yuan, showing a year-on-year growth of 0.59% [1] - The net profit for the first three quarters was 30.773 billion yuan, which is a year-on-year increase of 5.03% [1]

Core Insights - China Telecom (601728.SH) reported a revenue of RMB 394.3 billion for the first three quarters of 2025, representing a year-on-year growth of 0.6% [1] - The net profit attributable to shareholders of the listed company reached RMB 30.8 billion, showing a year-on-year increase of 5% [1] Financial Performance - Revenue for the first three quarters: RMB 394.3 billion, up 0.6% year-on-year [1] - Net profit attributable to shareholders: RMB 30.8 billion, up 5% year-on-year [1]

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 中国电信：第三季度净利润77.56亿元，同比增长3.60%；前三季度净利润307.7亿元，同比增长5.03%。 风险提示及免责条款 ...