券商中国·2026-02-01 13:12Core Viewpoint - The announcement by the three major telecom operators regarding the increase of the value-added tax (VAT) rate from 6% to 9% will impact their revenue and profits starting from January 1, 2026 [1][2]. Group 1: Announcement Details - The Ministry of Finance and the State Taxation Administration issued an announcement that specifies the adjustment of the VAT rate applicable to basic telecom services, which will change from 6% to 9% [2][6]. - The new VAT rate will apply to services provided through fixed networks, mobile networks, satellites, and the internet, including mobile data services, SMS, MMS, and internet broadband access [2][6]. Group 2: Company Responses - China Mobile stated its commitment to strengthening its core business in communication services, computing power services, and intelligent services, aiming to build a world-class technology service enterprise [5]. - China Telecom emphasized its strategy of cloud transformation and intelligent services, focusing on AI integration and high-quality development [5]. - China Unicom highlighted its focus on core areas such as connectivity, computing power, services, and security, aiming to enhance operational efficiency and create differentiated advantages [5]. Group 3: Market Impact - As of January 30, the stock prices for China Mobile, China Telecom, and China Unicom were reported at 96.38 yuan, 6 yuan, and 5.11 yuan, with total market capitalizations of 1,400.4 billion yuan, 532.6 billion yuan, and 159.8 billion yuan respectively [5].