Sou Hu Cai Jing·2026-02-01 18:48Core Viewpoint - The adjustment of the VAT rate for telecommunications services from 6% to 9% will impact the revenue and profit of China Telecom, as the company continues to advance its strategic initiatives in cloud and AI services [1][2]. Trading Information Summary - On January 30, 2026, China Telecom's stock closed at 6.0 yuan, up 1.01%, with a turnover rate of 0.39%, a trading volume of 3.0552 million shares, and a transaction value of 1.83 billion yuan [1]. - The net outflow of main funds was 15.4793 million yuan, accounting for 0.85% of the total transaction value; the net outflow of speculative funds was 21.4697 million yuan, accounting for 1.17% of the total transaction value; while retail investors had a net inflow of 36.949 million yuan, accounting for 2.02% of the total transaction value [1][2]. Company Announcement Summary - The Ministry of Finance and the State Administration of Taxation announced that starting from January 1, 2026, the applicable tax category for mobile data services, SMS, MMS, and internet broadband access services will change from value-added telecommunications services to basic telecommunications services, resulting in an increase in the VAT rate from 6% to 9% [1][2]. - The company will continue to promote its cloud transformation strategy and accelerate the development of technology-driven enterprises, implementing AI initiatives to create integrated intelligent cloud services and drive high-quality growth [1].