Shang Hai Zheng Quan Bao·2026-02-01 18:15Core Viewpoint - The three major telecom operators in China are adjusting their business strategies in response to changes in tax regulations, focusing on innovation and the development of computing power services to drive high-quality growth [1][2]. Group 1: Tax Regulation Impact - The Ministry of Finance and the State Taxation Administration announced that starting January 1, 2026, the tax category for certain telecom services will change from value-added telecom services to basic telecom services, with the VAT rate increasing from 6% to 9% [2]. Group 2: Strategic Focus and Performance - China Telecom is implementing a comprehensive strategy to enhance its cloud and AI services, aiming to create an integrated intelligent cloud service platform [3]. - China Mobile is focusing on strengthening its communication services and expanding its capabilities in computing and intelligent services [3]. - China Unicom is concentrating on core areas such as connectivity, computing, services, and security to build differentiated advantages [3]. - The three operators are transitioning to a strategic "gear-shifting" phase, placing artificial intelligence at the core of their strategies, with significant achievements already noted [3]. Group 3: Financial Performance - China Unicom reported a revenue of 293 billion yuan for the first three quarters of 2025, a year-on-year increase of 1.0%, with a net profit of 8.8 billion yuan, up 5.2% [4]. - China Telecom's IDC revenue reached 27.5 billion yuan, a 9.1% increase year-on-year, contributing to a total revenue of 394.3 billion yuan, up 0.6% [4]. - China Mobile achieved a revenue of 794.7 billion yuan, a 0.4% increase, with a net profit of 115.4 billion yuan, up 4.0% [4].