Core Viewpoint - The recent announcement by the Ministry of Finance and the State Taxation Administration of China regarding the adjustment of the VAT tax category for telecommunications services will lead to a 50% increase in the VAT rate from 6% to 9%, effective January 1, 2026, impacting the revenue and profits of major telecom operators in China [1][5]. Group 1 - The VAT 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][5]. - The adjustment in VAT rate is expected to reduce the profits of major telecom operators, including China Mobile, China Telecom, and China Unicom, necessitating strategies to maintain performance levels [1][9]. - Companies are encouraged to implement strategies focused on cloud transformation and AI integration to enhance efficiency and drive quality development in response to the tax changes [5].

Major Events - Lanke Technology (06809) will conduct an IPO from January 30 to February 4, with an expected listing on February 9 [1] - Aixin Yuanzhi (00600) will conduct an IPO from January 30 to February 5, with an expected listing on February 10 [1] - Lexin Outdoor (02720) will conduct an IPO from January 31 to February 5, raising HKD 130 million from Horizon Capital and Huangshan Dejun [1] - Dongpeng Beverage (09980) sets the offer price at HKD 248 per share [1] - Zhonghui Biotech-B (02627) received approval from the National Medical Products Administration for a trivalent influenza virus subunit vaccine [1] - Kangzheng Pharmaceutical (00867) received approval for the first and only targeted drug for vitiligo treatment in China [1] - Shishi Pharmaceutical Group (02005) received production registration for Propafenone Hydrochloride Injection from the National Medical Products Administration [1] - China Aluminum (02600) plans to jointly acquire 68.6% of Brazilian Aluminum from Rio Tinto and will initiate a mandatory offer [1] - Yanzhou Coal Mining (01171) plans to transfer 100% equity of Inner Mongolia Xintai Coal [1] - Botai Car Union (02889) plans to collaborate with Ping An Property & Casualty to reconstruct the smart travel insurance ecosystem [1] - Jin Jing New Energy (01783) signed a strategic framework agreement with Tianqi Grand for lithium battery recycling and precious metal extraction [1] - Guangdong-Hong Kong-Macau Holdings (01396) subsidiary Hongce Data introduces Fudian Capital as a strategic investor for 40% equity [1] - China Mobile (00941), China Unicom (00762), and China Telecom (00728) will adjust the applicable scope of value-added tax for telecom services [1] Operating Performance - BYD Company (01211) sold approximately 210,000 new energy vehicles in January [2] - Geely Automobile (00175) reported total vehicle sales of 270,200 units in January, a year-on-year increase of about 1% [2] - Chery Automobile (09973) saw total sales of 191,500 vehicles in January, a year-on-year decrease of about 10.7% [2] - Seres (09927) reported total vehicle sales of 45,900 units in January, a year-on-year increase of 104.85% [2] - Great Wall Motors (02333) sold approximately 90,300 vehicles in January, a year-on-year increase of 11.59% [2] - Li Auto-W (02015) delivered 27,668 new vehicles in January, a year-on-year decrease of 7.5% [2] - NIO-SW (09866) delivered 27,182 vehicles in January, a year-on-year increase of 96.1% [2] - GAC Group (02238) reported vehicle sales of 116,600 units in January, a year-on-year increase of 18.47% [2] - Great Wall Motors (02333) released a preliminary report indicating a net profit attributable to shareholders of 9.912 billion yuan for 2025, a year-on-year decrease of 21.71% [2] - Shandong Gold (01787) expects a net profit attributable to shareholders of approximately 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% [2] Earnings Forecast - SF Express (09699) expects a year-on-year profit increase of no less than 80% for 2025 [3] - China International Capital Corporation (03908) anticipates a net profit attributable to shareholders of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% [3] - China Shenhua (01088) expects a year-on-year decline in net profit for 2025 [3] - Datang Power (00991) anticipates a net profit of approximately 6.8 billion to 7.8 billion yuan for 2025, a year-on-year increase of about 51% to 73% [3] - China Southern Airlines (01055) expects a net profit attributable to shareholders of 800 million to 1 billion yuan for 2025, turning a profit [3] - Air China (00753) warns of a net loss attributable to shareholders of approximately 1.3 billion to 1.9 billion yuan for 2025 [3] - China Eastern Airlines (00670) warns of a net loss attributable to shareholders of approximately 1.3 billion to 1.8 billion yuan for 2025 [3] - GAC Group (02238) expects a net loss attributable to shareholders of 8 billion to 9 billion yuan for 2025 [3] - Ansteel (00347) warns of a net loss attributable to shareholders of approximately 4.077 billion yuan for 2025, a year-on-year narrowing of 42.75% [3] - Junshi Biosciences (01877) warns of a net loss attributable to shareholders of approximately 873 million yuan for 2025, a year-on-year decrease of about 31.85% [3]

Company Announcements - Fenglong Co., Ltd. received a commitment from UBTECH not to inject assets into the company within 36 months after the acquisition, and the stock will resume trading on February 2 after the completion of a trading suspension investigation [2] - Jerry Holdings signed a sales contract for gas turbine generator sets with a total amount of 1.82 billion USD (approximately 12.65 billion RMB) for a data center application, marking the fourth such contract with a U.S. client since November 2025 [3] - Aoxin plans to invest 1.82 billion RMB in a high-end printed circuit board project, which aims to enhance product competitiveness and meet the growing demand in various sectors [3] Shareholder Changes - Yanzhou Coal Mining Company intends to transfer 100% equity of its wholly-owned subsidiary Xintai Coal [4] - GoerTek increased its share repurchase fund from a minimum of 5 billion RMB to a minimum of 10 billion RMB, with a maximum of 15 billion RMB [4][5] Business Performance - China Mobile and China Telecom will be affected by the adjustment of the VAT tax category for telecom services, which will impact their revenue and profits [3][5] - Leshan Electric Power reported a year-on-year net profit growth of 3.68% for 2025 [5] Stock Price Movements - Jiamei Packaging's stock price surged by 408.11% from December 17, 2025, to January 23, 2026, leading to a trading suspension for investigation, with the stock resuming trading on February 2 [5] - Hunan Gold's stock experienced significant trading fluctuations, with uncertainty regarding the future market price of its gold products [7] - Hongbaoli's epoxy propylene comprehensive technology transformation project has entered the pre-production preparation stage, although there is uncertainty regarding the timeline for producing qualified products [8] Other News - Fushi Holdings' actual controller and chairman Chen Yongliang has been detained [9] - ST United received a notice from the Shanghai Stock Exchange to suspend the review of its application due to the need to update financial documents [9]

Company Announcements - Fenglong Co., Ltd. received a commitment from UBTECH not to inject assets into the company within 36 months after the acquisition, and the stock will resume trading on February 2 after the completion of the suspension investigation [2] - Jereh Group signed a sales contract for gas turbine generator sets worth 1.82 billion USD (approximately 12.65 billion RMB) with a U.S. client, marking the fourth such contract since November 2025 [4] - China Mobile announced that the adjustment of the VAT tax category for telecom services from 6% to 9% will impact the company's revenue and profits starting January 1, 2026 [5] - Aoshikan plans to invest 1.82 billion RMB in a high-end printed circuit board project, aiming to enhance product competitiveness and meet the growing demand in various markets [6] - Yanzhou Coal Mining Company intends to publicly transfer 100% equity of its wholly-owned subsidiary, Xin Tai Coal, with a base price of 670 million RMB [7] Share Buybacks and Changes - GoerTek increased its share buyback fund from a minimum of 500 million RMB to a minimum of 1 billion RMB, with a maximum of 1.5 billion RMB [8] - Quzhou Dongfeng's controlling shareholder proposed a share buyback plan of 50 million to 100 million RMB for employee stock ownership plans [9] - Chipone Technology's major shareholder plans to reduce its stake by up to 1.95% through block trades [11] Operational and Performance Updates - China Telecom and China Unicom both reported that the VAT adjustment will affect their revenues and profits starting January 1, 2026 [12][13] - Leshan Electric Power announced a net profit increase of 3.68% for the fiscal year 2025, with total revenue of 3.395 billion RMB, reflecting a 6.24% year-on-year growth [14] Stock Price Movements - Jiamei Packaging's stock price surged by 408.11% from December 17, 2025, to January 23, 2026, leading to a suspension for investigation, with the stock resuming trading on February 2 [15] - Tiandi Online confirmed that its operations are normal and there are no undisclosed significant matters after experiencing abnormal stock price fluctuations [16] - Hunan Gold expressed uncertainty regarding the future market prices of its gold products, which have recently seen significant increases [17] - Hongbaoli's epoxy propylene comprehensive technology renovation project has entered the pre-production preparation stage, although there is uncertainty regarding the timeline for producing qualified products [19] Other Notable Events - Fushi Holdings' actual controller and chairman, Chen Yongliang, has been detained, but the company's operations remain normal [20] - ST United received a notice from the Shanghai Stock Exchange to suspend the review of its application due to outdated financial documents [21]

【#移动联通电信同日公告#】#三大运营商集体回应增值税率调整#电信服务增值税税目适用范围将调 整，三大运营商发布公告。1月31日，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》，明确了适用9%和6%增值税税率范围，以及销售服务、无形资产、不动产具体范围，这涉及多档 税率。该《公告》自2026年1月1日起施行。目前中国增值税税率主要有三档，其中基本税率是13%，两 档优惠税率分别是9%和6%。今日，中国移动、中国联通及中国电信国内三大电信运营商相继发布公 告，电信服务增值税税目适用范围调整，税率由6%调整为9%，将对公司收入及利润产生影响。中国移 动2月1日公告，近日，中华人民共和国财政部、国家税务总局发布了《关于增值税征税具体范围有关事 项的公告》，规定自2026年1月1日起，在中华人民共和国境内，利用固网、移动网、卫星、互联网，提 供手机流量服务、短信和彩信服务、互联网宽带接入服务的业务活动适用的税目由增值电信服务调整为 基础电信服务，对应增值税税率由6%调整为9%。此次税目适用范围调整，将对公司收入及利润产生影 响。公司将坚守主责主业，努力做强做优做大通信服务、算力服务、智能服务，坚持网络 ...

电信服务增值税税目适用范围将调整，三大运营商齐发公告！ 2月1日，中国移动、中国联通及中国电信国内三大电信运营商相继发布公告，电信服务增值税税目适用范围调整，税率 由6%调整为9%，将对公司收入及利润产生影响。 来源：三大运营商公告 中国移动今日公告称，近日，中华人民共和国财政部、国家税务总局发布了《关于增值税征税具体范围有关事项的公 告》（财政部税务总局公告2026年第9号），规定自2026年1月1日起，在中华人民共和国境内，利用固网、移动网、卫 星、互联网，提供手机流量服务、短信和彩信服务、互联网宽带接入服务的业务活动适用的税目由增值电信服务调整为 基础电信服务，对应增值税税率由6%调整为9%。此次税目适用范围调整，将对公司收入及利润产生影响。 中国联通今日公告称，近日，中华人民共和国财政部、国家税务总局发布《关于增值税征税具体范围有关事项的公告》 （财政部税务总局公告2026年第9号），规定自2026年1月1日起，在中华人民共和国境内，利用固网、移动网、卫星、 互联网，提供手机流量服务、短信和彩信服务、互联网宽带接入服务的业务活动适用的税目由增值电信服务调整为基础 电信服务，对应增值税税率由6%调整至9 ...

中国电信2月1日公告，近日，中华人民共和国财政部、国家税务总局发布《关于增值税征税具体范围有 关事项的公告》，规定自2026年1月1日起，在中华人民共和国境内，利用固网、移动网、卫星、互联 网，提供手机流量服务、短信和彩信服务、互联网宽带接入服务的业务活动适用的税目由增值电信服务 调整为基础电信服务，对应增值税税率由6%调整至9%。本次增值税税目适用范围调整，将对公司收入 和利润产生影响。公司将全面实施云改数转智惠战略，加快科技型企业建设，全面推进AI+行动，持续 打造"算力+平台+数据+模型+应用"的一体化智能云服务，加快培育发展新动能，推动提质降本增效， 持续推进企业高质量发展。 来源 | 智通财经综合证券时报网 审核 | 卢长银 编辑 | 王晓娇 中国移动、中国联通、中国电信，同日公告 中国移动2月1日公告，近日，中华人民共和国财政部、国家税务总局发布了《关于增值税征税具体范围 有关事项的公告》，规定自2026年1月1日起，在中华人民共和国境内，利用固网、移动网、卫星、互联 网，提供手机流量服务、短信和彩信服务、互联网宽带接入服务的业务活动适用的税目由增值电信服务 调整为基础电信服务，对应增值税税率由6 ...

2月1日，中国移动、中国联通、中国电信三大运营发布公告：近日，中华人民共和国财政部、国家税务总局发布了《关于增值税征税具体范围有关事项的 公告》（财政部 税务总局公告2026年第9号）。 每经编辑｜许绍航 每日经济新闻综合自上市公司公告 | 根据规定，自2026年1月1日起，在中华人民共和国境内，利用固网、移动网、卫星、互联网，提供手机流量服务、短信和彩信服务、互联网宽带接入服务 | 的业务活动适用的税目由增值电信服务调整为基础电信服务，对应增值税税率由6%调整为9%。此次税目适用范围调整，将对公司收入及利润产生影响。 | | --- | --- | | 编辑 许绍航 | 杜恒峰 | | 校对 陈柯名 | | | 封面图片来源：视觉中国 | | ...

电信服务增值税税目适用范围将调整，三大运营商急发公告。 目前中国增值税税率主要有三档，其中基本税率是13%，两档优惠税率分别是9%和6%。 | 中华人民共和国财政部 Ministry of Finance of the People's Republic of China | | | 税政司 | | | --- | --- | --- | --- | --- | | 2026年02月01日 星期天 ▶ 搜索 | 请输入关键字 | 税政司 | | 返日年站 | | 当前位置：首页>政策发布 | | | | | | 关于增值税征税具体范围有关事项的公告 | | | | | | 财政部 税务总局公告2026年第9号 | | | | | | 根据《中华人民共和国增值税法》、《中华人民共和国增值税法实施条例》有关规定。延续现行政策和做法，现将《适用9%增 | | | | | | 值税税率货物范围注释》、《销售服务、无形资产、不动产注释》予以公布。 | | | | | 昨天（1月31日），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》，明确了适用9%和6%增值税税率范围，以及销售服务、无形 资产、不动产具体 ...

Core Viewpoint - The announcement by the Ministry of Finance and the State Taxation Administration of China regarding the adjustment of VAT rates and tax categories for telecommunications services will impact the revenue and profit of China Unicom [1] Group 1: Tax Adjustment Impact - From January 1, 2026, the tax category for services such as mobile data, SMS, multimedia messaging, and internet broadband access will change from value-added telecommunications services to basic telecommunications services [1] - The VAT rate for these services will increase from 6% to 9% [1] Group 2: Company Strategy - The company will focus on "connection," "computing power," "services," and "security" as its core areas to create differentiated advantages [1] - The company aims to enhance operational efficiency and promote high-quality, sustainable development [1]