Shang Hai Zheng Quan Bao·2025-10-21 18:18Core Insights - China Telecom reported a revenue of 394.3 billion yuan for the first three quarters of 2025, a year-on-year increase of 0.6% [1] - The company's net profit attributable to shareholders reached 30.8 billion yuan, reflecting a growth of 5.0% year-on-year [1] - Strategic emerging businesses showed strong performance, with IDC revenue at 27.5 billion yuan (up 9.1%), security revenue at 12.6 billion yuan (up 12.4%), and smart revenue increasing by 62.3% [1] Financial Performance - Total service revenue for the first three quarters was 366.3 billion yuan, up 0.9% year-on-year [1] - Operating costs amounted to 274.8 billion yuan, maintaining steady growth [2] - Research and development expenses increased by 4.4% to 9.1 billion yuan, focusing on core technology advancements [2] Business Strategy - The company aims to implement a "cloud transformation" strategy, enhancing both foundational and data-driven business development [3] - Emphasis on integrating artificial intelligence into operations to improve digital infrastructure and service offerings [3] - The company is committed to high-quality development and enhancing core competitiveness [3] Shareholder Activity - China Life Insurance increased its stake in China Telecom by acquiring 43.76 million shares in the third quarter [3] - Hong Kong Central Clearing (Agent) reduced its holdings by 27.94 million shares but remains among the top shareholders [3]