Ge Long Hui·2026-02-02 22:44Core Viewpoint - The adjustment in the VAT tax category for telecommunications services in China will impact the revenue and profit of the company, as the VAT rate changes from 6% to 9% starting January 1, 2026 [1] Group 1: Tax Policy Changes - The Ministry of Finance and the State Taxation Administration of China announced that from January 1, 2026, the tax category for services such as mobile data, SMS, MMS, and internet broadband access will change from value-added telecommunications services to basic telecommunications services [1] - The corresponding VAT rate for these services will increase from 6% to 9% [1] Group 2: Company Strategy - The company will fully implement its cloud transformation strategy, focusing on the construction of technology-driven enterprises [1] - The company aims to accelerate its AI+ initiatives and develop an integrated intelligent cloud service model that combines computing power, platforms, data, models, and applications [1] - The company is committed to fostering new growth drivers, enhancing quality, reducing costs, and improving efficiency to promote high-quality development [1]