国家知识产权局信息显示，中国联合网络通信集团有限公司、联通数字科技有限公司、联通云数据有限 公司取得一项名为"一种数据库一致性校验方法及装置"的专利，授权公告号CN115952177B，申请日期 为2022年11月。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 天眼查资料显示，中国联合网络通信集团有限公司，成立于1994年，位于北京市，是一家以从事电信、 广播电视和卫星传输服务为主的企业。企业注册资本10570385.629549万人民币。通过天眼查大数据分 析，中国联合网络通信集团有限公司共对外投资了35家企业，参与招投标项目3352次，财产线索方面有 商标信息3728条，专利信息5000条，此外企业还拥有行政许可11个。 联通数字科技有限公司，成立于2006年，位于北京市，是一家以从事软件和信息技术服务业为主的企 业。企业注册资本988983.091327万人民币。通过天眼查大数据分析，联通数字科技有限公司共对外投 资了54家企业，参与招投标项目5000次，财产线索方面有商标信息24条，专利信息1994条，此外企业还 拥有行政许可44个。 联 ...

2026.02. 03 本文字数：670，阅读时长大约1分钟 微信编辑 | 苏小 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。 专用邮箱：bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 李亚鹏，一夜卖了1.6亿元茶 ther ller - lan -1888 - 2019 11 6 @- 号立井 多位资深税务专家告诉第一财经，随着增值税法和实施条例从今年起施行，近期财政 部、税 务总局公布一系列配套法规，其中包括中国移动、中国联 通等运营商互联网宽带接入服务等增值税税率从6%上调至9%。这也就引起上述一些人士猜测，即腾讯等互联网企业核心业务适用的税率是不是也上 调，但根据目前披露的增值税相关规定，前述税率仍维持在6%，并没有任何变化，因此增值税"加税"是谣言。 据了解，腾讯等核心业务在增值税征收方面，主要属于提供增值电信服务和销售无形资产，而两者适用的税率均为6%。 近期财政 部、税 务总局发布《关于增值税征税具体范围有关事项的公告》（下称《公告》）中，对适用6%税率的增值电信服务定义有所调整，但对上 述腾讯公司等 ...

据了解，腾讯等核心业务在增值税征收方面，主要属于提供增值电信服务和销售无形资产，而两者适用 的税率均为6%。 近期财政部 税务总局发布《关于增值税征税具体范围有关事项的公告》（下称《公告》）中，对适用 6%税率的增值电信服务定义有所调整，但对上述腾讯公司等业务并没有影响。 《公告》明确，增值电信服务，是指利用固网、移动网、卫星、互联网、有线电视网络，提供电子数据 和信息的传输及应用服务（不含手机流量服务）、互联网接入服务（不含宽带接入服务）、卫星电视信 号落地转接服务等业务活动。与此前规定相比，主要是删掉了提供短信和彩信服务、手机流量服务、宽 带接入服务。 腾讯公司等核心业务增值税税率依然为6%，没有变化。 2月3日，网络上流传一则互联网增值服务加税的传言，受加税传闻等影响，腾讯控股（00700.HK）等 股票股价一度大跌，后跌幅缩窄。 多位资深税务专家告诉第一财经，随着增值税法和实施条例从今年起施行，近期财政部 税务总局公布 一系列配套法规，其中包括中国移动、中国联通等运营商互联网宽带接入服务等增值税税率从6%上调 至9%。这也就引起上述一些人士猜测，即腾讯等互联网企业核心业务适用的税率是不是也上调，但根 ...

Core Viewpoint - The market reacted negatively to rumors suggesting that the financial and internet value-added services sectors, including gaming, might face tax rate adjustments similar to those applied to liquor, leading to a decline in stock prices for major companies like Tencent and others in the gaming sector [1][10]. Group 1: Market Reaction - On February 3, the A-share gaming sector experienced a significant drop, with Century Huatong's stock falling over 9%, and other major gaming stocks like Kaixin Network, Giant Network, and 37 Interactive Entertainment also declining [1][10]. - Following the initial drop, gaming stocks rebounded, with Shunwang Technology rising by 14.65%, and other companies like Xunyou Technology, Zhejiang Shuju, and Perfect World seeing increases of over 5% [1][10]. Group 2: Tax Rumors and Industry Response - Industry insiders have confirmed that there has been no official communication regarding tax rate adjustments, indicating that the rumors are likely unfounded [5][14]. - A representative from a leading gaming company stated that no formal documents or meetings regarding tax adjustments have been received, further supporting the notion that the rumors lack credibility [5][14]. - According to a report from Everbright Securities, the rumors are based on a misunderstanding of tax categories, as the proposed comparison between gaming and liquor tax rates is misleading [6][15]. Group 3: Tax Policy Context - The current tax rate for financial services and modern services, including gaming and advertising, is set at 6%, contrasting with the 9% rate applicable to basic telecommunications and construction sectors [6][15]. - The recent tax rate adjustment announced by the Ministry of Finance and the State Administration of Taxation only pertains to basic telecommunications services, not affecting financial or internet value-added services [6][15]. - The prevailing policy focus is on stabilizing growth and promoting innovation, suggesting that significant tax increases in key sectors would contradict current governmental objectives [7][16].

Core Viewpoint - The article discusses rumors regarding potential tax rate adjustments for the financial and internet value-added services sectors, particularly gaming, which led to a decline in stock prices for major internet companies like Tencent. However, industry insiders have largely dismissed these rumors as unfounded and lacking credibility [1][6][7]. Group 1: Market Reactions - On February 3, market rumors about tax rate adjustments caused a significant drop in the A-share gaming sector, with Century Huatong's stock falling over 9%, and other major gaming stocks like Kaixin Network and Giant Network also experiencing declines [1]. - Despite the initial drop, gaming stocks rebounded later, with Shunwang Technology rising by 14.65% and other companies like Xunyou Technology and Zhejiang Shuju Culture seeing increases of over 5% [1][2]. Group 2: Tax Rate Rumors - The rumors suggested that the gaming tax rate might align with the 32% rate applied to liquor, which is a consumption tax, while gaming services are subject to a value-added tax (VAT) of 6% [6][7]. - Industry experts confirmed that there has been no official communication regarding tax rate changes, and the credibility of the rumors is considered low [6][7]. Group 3: Tax Policy Context - The current VAT law, effective from January 1, 2026, specifies three tax rates: 13%, 9%, and 6%, with financial and modern services, including gaming, falling under the 6% category [7]. - Recent adjustments in tax rates have only affected basic telecommunications services, and any changes to the tax structure would require rigorous legislative or administrative processes [7]. - The prevailing policy focus is on stabilizing growth and supporting innovation, making significant tax increases on key industries unlikely [7].

Core Viewpoint - Recent rumors suggest that the financial and internet value-added services sectors, such as in-game purchases and advertising, may face tax rate adjustments due to their high profit margins and low tax burdens, similar to the liquor tax rate, leading to a decline in stock prices of companies like Tencent [1][4]. Group 1: Tax Rate Rumors - The three major telecom operators in China announced a tax rate increase from 6% to 9% for value-added tax, effective January 1, 2026, as per the recent announcement by the Ministry of Finance and the State Taxation Administration [5]. - Industry insiders have not received any official communication regarding tax rate adjustments, indicating that the rumors lack credibility [5][6]. - A public relations officer from a Shanghai gaming company confirmed that no formal documents or meetings regarding tax adjustments have been held recently [5]. Group 2: Analysis of the Rumors - A report from Everbright Securities stated that the rumors are fundamentally flawed in terms of tax types, legal, and policy logic, and investors should not overreact [2][6]. - The claim that "game tax rates will align with the 32% liquor tax" is misleading, as liquor tax is a consumption tax, while in-game purchases and advertising are subject to value-added tax, which are governed by different legal frameworks [2][6]. - The current tax rates are bound by legal constraints, making adjustments difficult; the new VAT law specifies three tax rates: 13%, 9%, and 6%, with financial and modern services subject to the 6% rate [2][6]. Group 3: Policy Direction - The current policy focus is on "stabilizing growth, promoting innovation, and supporting industrial upgrades," which contradicts the idea of a blanket tax increase on key industries [3][7]. - Discussions around financial sector tax burdens are more likely to lead to structural adjustments, such as optimizing deduction rules, rather than simply raising tax rates [3][7]. - Future tax regulations may involve reviewing and clearing tax incentives for certain companies, rather than directly increasing statutory tax rates, which would have limited and controllable impacts [3][7]. - The core drivers of stock prices for leading internet companies remain their business growth, AI commercialization progress, and profitability improvements, with short-term sentiment fluctuations not altering long-term fundamentals [3][7].

2026年2月3日早盘，CPO等算力硬件股继续走强，罗博特科、天孚通信盘中涨超10%，股价均创历史新 高，太辰光、炬光科技、光库科技、天通股份等跟涨。 近期，光模块板块表现强劲，中际旭创与新易盛相继发布超预期业绩预告，印证全球算力基础设施建设 持续高景气。中际旭创预计2025年净利润98–118亿元，同比增长89.5%–128.2%，剔除汇兑损失及股权 激励等非经营性影响后实际经营更为扎实；新易盛预计2025年净利润94–99亿元，同比大增231.2%– 248.9%，高速率光模块需求放量成为核心驱动力。与此同时，Meta与康宁签署60亿美元长期光纤电缆 供货协议，订单规模远超康宁该业务历史营收水平，凸显北美数据中心对光通信底层硬件的刚性扩产需 求。 消息面方面，2026年起，部分电信服务增值税税率由6%上调至9%，涵盖手机流量、短信彩信及宽带接 入等基础通信服务。此次税制调整将加速运营商从传统通信服务商向"通信+算力+智能"综合信息服务 商转型，推动其优化资源配置、强化成本管控，并加快全栈创新节奏。中国移动首次提出打造通信、算 力、智能服务三大增长曲线；中国电信全面深化AI+行动；中国联通聚焦连接、算力、服 ...

二，财政回补与战略导向。税收的增加，预示着国家对通信业的要求已从"普及化"转向"高质量产出"。 通过财税手段引导行业将有限的资金从市场营销流向算力网络、6G研发等战略高地。 是运营商赚太多了，国家才给他们提税么？哎还真不是，根据财报数据，三大运营商的营收增速已集体 回落至1%以内的临界点，且用户平均收入持续低迷。按目前行业营收结构测算，本次受税率波动影响 的业务收入规模接近1.2万亿元。在当前提速降费的政策背景下，含税套餐价格必须保持稳定，这意味 着新增的3%税收成本将完全由运营商内部消化，行业净收入将直接流失约250亿至300亿元。这意味着 全行业净利润将面临10%到15%的定向削减。对于利润率本就处于个位数的通信行业来说，这是一次极 具压力的利润重塑与成本挤压。 为什么既然他们越赚越少了，为什么还选择在此时给运营商加税呢？这是国家对治理逻辑的一次彻底转 换。从行业生命周期来看，运营商的发展已经从"爆发期"转向了"成熟期"。在"十五五"之前，6%的低税 率本质上是国家给予通信产业的战略扶持。通过政策性让利，驱动运营商大举投入基建、降低资费门 槛，培养用户习惯，以此孵化出规模巨大的短视频、直播及移动支付生态。 ...

Investment Rating - The report maintains an "Overweight" rating for the telecommunications sector, indicating an expectation that the sector will outperform the benchmark index [6]. Core Viewpoints - The adjustment of the VAT category for telecommunications services from value-added telecommunications services to basic telecommunications services, with a corresponding increase in VAT rate from 6% to 9%, is expected to have a short-term impact on the revenue and profits of the three major telecom operators [1][4]. - Despite the VAT adjustment, the operators are actively pursuing technological transformation and upgrading, which is expected to optimize their revenue structure in the long term [1][3]. - The impact on profits may be less severe than initially calculated due to several factors, including past experiences with tax adjustments, the shift towards technology-driven services, and cost reductions through AI-driven operational efficiencies [3][22]. Revenue Impact - The estimated impact of the VAT adjustment on total revenue is approximately 1.3% to 1.4% for the three major operators, with specific estimates of 1.4% for China Mobile, 1.3% for China Telecom, and 1.3% for China Unicom [2][18]. - The affected services primarily include SMS, mobile data services, and internet broadband access, which account for 52%, 48%, and 46% of total revenues for China Mobile, China Telecom, and China Unicom, respectively [2][9]. Profit Impact - Direct calculations suggest that the absolute revenue impact for 2026 would be approximately 15.3 billion for China Telecom, 54 billion for China Unicom, and 153 billion for China Mobile, representing 8.2%, 15.3%, and 19.3% of their respective total profits [3][19]. - However, the report suggests that the final impact on profits may be lower than these direct estimates due to historical precedents and ongoing strategic shifts towards technology services [3][22]. Investment Conclusion - Overall, while the VAT adjustment will have some short-term effects on performance, the stable profitability and cash flow of the telecom operators, along with attractive dividends and the long-term growth potential of their digital businesses, remain intact [4][26]. - The report recommends focusing on China Mobile, China Telecom, and China Unicom as attractive investment opportunities [4][25].

Core Insights - The article emphasizes the increasing importance of data literacy in the sales profession, suggesting that the ability to transform sales activities into actionable data insights is crucial for career advancement [1][3][4] Industry Trends - The business world is undergoing a comprehensive "datafication," with both traditional fast-moving consumer goods (FMCG) giants and new consumer brands focusing on "data-driven business" and "refined operations" [3] - Companies are seeking "composite talents" who possess both frontline sales experience and data analysis skills, indicating a shift in hiring criteria [3][4] Skills Development - Essential skills for terminal sales analysis include data cleaning and organization, visualization and reporting, basic analysis and modeling, and effective communication of findings to drive business actions [8][9] - The CDA (Certified Data Analyst) certification is highlighted as a valuable pathway for individuals looking to transition into data analysis roles, being recognized as a "golden certificate" in the data field [9][11] Job Opportunities and Salary - CDA certification holders can pursue various roles, including terminal sales analysis in FMCG companies, data analysis in internet firms, financial data analysis, and positions in market research and operations [11][13] - Competitive salary ranges for CDA holders are presented, with entry-level positions in terminal sales analysis earning between 8,000 to 15,000 yuan per month, and internet data analysts earning between 10,000 to 18,000 yuan [13]