Guan Cha Zhe Wang·2026-02-01 09:57Core Viewpoint - The adjustment of the VAT rate from 6% to 9% for telecommunications services will impact the revenue and profits of major Chinese telecom operators, including China Mobile, China Unicom, and China Telecom, starting from January 1, 2026 [1][2]. Group 1: Company Announcements - China Mobile announced that the Ministry of Finance and the State Taxation Administration of China issued a notice adjusting the VAT applicable to telecommunications services, which will affect the company's revenue and profits [1]. - China Unicom also stated that the VAT rate adjustment will impact its revenue and profits, following the same announcement from the Ministry of Finance and the State Taxation Administration [1]. - China Telecom confirmed that the adjustment of the VAT rate will have implications for its revenue and profits, in line with the announcement made by the relevant authorities [2].