Ge Long Hui·2025-08-18 11:59Core Insights - The company achieved steady growth in operating performance in the first half of 2025, with revenue reaching 269.4 billion yuan, a year-on-year increase of 1.3% [1] - The net profit attributable to shareholders was 23 billion yuan, reflecting a year-on-year growth of 5.5% [1] - The return on equity (ROE) improved by 0.2 percentage points to 5.0%, while EBITDA margin increased by 3.03 percentage points to 30.3% [1] Revenue Breakdown - The mobile communication service revenue was 106.6 billion yuan, up 1.3% year-on-year, while fixed-line and smart home service revenue reached 64.1 billion yuan, a growth of 0.2% [1] - The company had 433 million mobile users and 199 million broadband users, with mobile ARPU at 46.0 yuan and broadband comprehensive ARPU at 48.3 yuan [1] - Industrial digitalization revenue amounted to 74.9 billion yuan, with AIDC revenue growing by 7.4% [1] Strategic Business Growth - Revenue from strategic emerging products showed rapid growth, with Tianyi Cloud revenue at 57.3 billion yuan [1] - Intelligent revenue reached 6.3 billion yuan, a significant increase of 89.4% year-on-year [1] - Security revenue grew by 18.2% to 9.1 billion yuan, while video network revenue increased by 46.2% and satellite revenue by 20.5% [1] - Quantum revenue surged by 171.1%, indicating strong growth in this sector [1] AI and Quantum Initiatives - The company has established a smart cloud system centered around its core technology "Xirang," providing integrated intelligent cloud services [2] - It has developed over 160 AI applications across 21 key areas, enhancing efficiency and reducing costs for enterprises [2] - The quantum communication user base surpassed 6 million, serving over 3,000 industry clients in sectors such as government and finance [2] Capital Expenditure and Dividends - Capital expenditure for the first half of 2025 was 34.2 billion yuan, with a full-year plan of less than 83.6 billion yuan [2] - The company announced a mid-term dividend plan, with a payout of 0.18 yuan per share, reflecting an 8.4% year-on-year increase [2]