智通财经APP获悉，8月26日，工信部发布2025年前7个月通信业经济运行情况。据披露，前7个月，通信业运行总体平稳，电信业务量收保持增长，新 型基础设施建设不断推进，5G、千兆、物联网等用户规模稳步增加。前7个月，电信业务收入累计完成10431亿元，同比增长0.7%。按照上年不变价计 算的电信业务总量同比增长8.9%。 原文如下： 2025年前7个月通信业经济运行情况 前7个月，通信业运行总体平稳，电信业务量收保持增长，新型基础设施建设不断推进，5G、千兆、物联网等用户规模稳步增加。 一、总体运行情况 电信业务收入和总量保持平稳增长。前7个月，电信业务收入累计完成10431亿元，同比增长0.7%。按照上年不变价计算的电信业务总量同比增长 8.9%。 二、电信用户发展情况 千兆用户规模持续扩大。截至7月末，三家基础电信企业的固定互联网宽带接入用户总数达6.86亿户，比上年末净增1579万户。其中，100Mbps及以上 接入速率的固定互联网宽带接入用户达6.52亿户，占总用户数的95.2%；1000Mbps及以上接入速率的固定互联网宽带接入用户达2.28亿户，比上年末净 增2149万户，占总用户数的33.3%， ...

（文章来源：央视新闻） 记者从工业和信息化部了解到，今年前7个月，通信业运行总体平稳，5G、千兆用户规模稳步增加，数 字经济底座不断夯实。 数据显示，前7个月，电信业务收入和电信业务总量保持平稳增长，电信业务收入同比增长0.7%，电信 业务总量同比增长8.9%。千兆用户规模持续扩大，截至7月末，三家基础电信企业的固定互联网宽带接 入用户总数达6.86亿户。其中，千兆宽带接入用户占总用户数三分之一。5G网络建设稳步推进。截至7 月末，5G基站总数占移动基站总数的36%。5G用户在移动电话用户总数中的占比超过六成。 ...

Key Points - From July 1 to August 11, the total number of railway passengers exceeded 600 million, reaching 616 million, with a year-on-year increase of 4.0% and an average daily passenger count of 14.675 million [3] - In the first seven months, the express delivery business volume reached 112.05 billion pieces, showing a year-on-year growth of 18.7% [5] - In July, the industrial added value of large-scale enterprises increased by 5.7% year-on-year and 0.38% month-on-month, with the equipment manufacturing sector growing by 8.4% and high-tech manufacturing by 9.3% [8] - The service production index in July grew by 5.8% year-on-year, with significant increases in information transmission, software, IT services (11.9%), finance (8.7%), and leasing and business services (8.0%) [15] - By June 2025, the total number of 5G base stations is expected to increase fivefold compared to 2020, reaching 4.55 million, while the number of broadband users is projected to grow 34 times to 226 million [13] - In the first half of the year, 13.278 million new business entities were established, including 4.62 million new enterprises and 8.629 million new individual businesses [21] - Under the "Two New" policy, from April 2024 to July 2025, the amount spent on machinery and equipment is expected to grow by 7.3%, with sales of household appliances and audiovisual equipment increasing by 44.5% and 22.8% respectively, and new energy vehicle sales rising by 81.7% [23] - Recently, 188 billion yuan in investment subsidies for equipment upgrades has been fully allocated [19]

Core Insights - The Chinese government is focusing on high-quality completion of the "14th Five-Year Plan" with significant achievements in digital infrastructure and the digital economy [1] Digital Infrastructure Development - By June 2025, the number of 5G base stations is expected to increase fivefold compared to 2020, reaching 4.55 million; gigabit broadband users have grown 34 times to 226 million; and China's total computing power ranks second globally [2] - The investment in digital infrastructure is creating substantial market demand, driving the development of the information and communication technology industry chain, including integrated circuits and communication network equipment [3] Data Industry Growth - The data industry in China is projected to reach a scale of 5.86 trillion yuan, a 117% increase from the end of the "13th Five-Year Plan," with over 400,000 data enterprises expected by 2024 [4] - The data industry is evolving from business intelligence to artificial intelligence, with a focus on deep data mining and integration, leading to increased innovation within the industry [4] Regional Development and Cluster Formation - The Yangtze River Delta has developed a multi-layered, full-chain data industry ecosystem, accounting for 22.6% of the national data industry scale by 2024, with over 100,000 data enterprises [5] Digital Services and Public Welfare - The number of internet users in China has reached 1.123 billion, with an internet penetration rate of 79.7%, leading to more accessible digital services for the public [6] - Digital healthcare services have expanded significantly, with over 1 billion annual services provided by internet hospitals and 1.2 billion users of the national medical insurance code [6][7] - The digital education platform in China is the largest globally, and digital social security has reached over 1.07 billion users, covering more than 75% of the population [7]

Macro Highlights - The People's Bank of China will conduct a 500 billion yuan reverse repurchase operation on August 15, 2025, to maintain ample liquidity in the banking system, with a term of 6 months [1] - The National Development and Reform Commission is working on the "14th Five-Year" marine economy development plan, focusing on innovation-driven development and the transformation of traditional marine industries [1] - China's total computing power ranks second globally, with significant advancements in digital infrastructure during the "14th Five-Year" period, including 4.55 million 5G base stations and 226 million gigabit broadband users by June 2025 [1] Company News - Shunhao Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange [3] - Chipsea Technology is also planning to issue H-shares and list on the Hong Kong Stock Exchange [3] - Wolong Electric Drive has submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [3] - Changjiang Electric Power has developed a five-year shareholder dividend return plan [4] - Tianpu Co., Ltd.'s actual controller is planning a change in company control, leading to a suspension of trading from August 15 [4] - Cambrian-U has denied rumors regarding large orders for carrier boards from a certain manufacturer [5] - Fenghuo Electronics confirmed that there are no undisclosed significant matters [5] Financial Performance - China Telecom reported a net profit of 23.017 billion yuan for the first half of the year, a year-on-year increase of 5.5%, and plans to distribute a dividend of 1.812 yuan per share (tax included) [6] - Saint Noble Bio achieved a net profit of 88.9567 million yuan in the first half of the year, a year-on-year increase of 308.29% [6] - Dongyangguang reported a net profit of 613 million yuan for the first half of the year, a year-on-year increase of 170.57% [6] - Chuanjinno reported a net profit of 177 million yuan for the first half of the year, a year-on-year increase of 166.51% [6] - Yiyuan Communication's net profit increased by 125.03% year-on-year in the first half of the year, with a proposed dividend of 5.5 yuan per share (tax included) [6] - Taicheng Light reported a net profit of 173 million yuan, a year-on-year increase of 118.02% [6] - Chongqing Beer reported a net profit of 865 million yuan for the first half of the year, a year-on-year decrease of 4.03% [6] - Guoyao Yizhi reported a net profit of 666 million yuan, a year-on-year decrease of 10.43% [6] - Xinwei Communication reported a net profit of 162 million yuan, a year-on-year decrease of 20.18% [6]

Group 1 - The core viewpoint is that during the "14th Five-Year Plan" period, China has made significant progress in digital infrastructure and technology, leading to a strong economic and social development [1][2] - By June 2025, the total number of 5G base stations is expected to reach 4.55 million, and the number of gigabit broadband users is projected to be 226 million [1] - China's computing power ranks second globally, showcasing the country's advancements in digital infrastructure [1] Group 2 - The data industry in China has experienced rapid growth, with the number of data enterprises expected to exceed 400,000 and the industry scale reaching 5.86 trillion yuan by 2024, a 117% increase compared to the end of the "13th Five-Year Plan" [2] - Software revenue is anticipated to grow by 80% compared to 2020, while the added value of the electronic information manufacturing industry is expected to increase by over 70% [2] - The government has implemented a series of policies to promote the market-oriented allocation of data elements, transforming vast data advantages into new national competitive advantages [2]

Core Viewpoint - China Mobile achieved stable financial growth in the first half of 2025, with significant user growth in both personal and family markets, particularly in 5G and gigabit broadband services [1][3]. Financial Performance - In the first half of 2025, China Mobile reported operating revenue of 543.8 billion yuan, with communication service revenue at 467 billion yuan, a year-on-year increase of 0.7% [1]. - Shareholder profit reached 84.2 billion yuan, reflecting a 5.0% year-on-year growth [1]. - Daily net profit averaged 465 million yuan over 181 days [1]. Market Segmentation - Personal market revenue was 244.7 billion yuan, with a mobile customer base of 1.005 billion, including 599 million 5G customers, a net increase of 46.91 million, resulting in a penetration rate of 59.6% [1]. - Family market revenue grew by 7.4% to 75 billion yuan, with gigabit broadband customers reaching 109 million and FTTR customers increasing by 264% year-on-year [1]. Challenges and Competition - The chairman of China Mobile, Yang Jie, noted that the company faces pressures in the second half of the year, including a potential slowdown in communication service revenue growth and declines in personal market and ARPU [3]. - Traditional communication demand is nearing saturation, with the mobile phone user base exceeding 1.8 billion in a population of 1.4 billion, leading to negative growth in voice and SMS services [3][10]. - The implementation of the number portability policy has led to increased competition among operators, with some engaging in aggressive pricing strategies that undermine service quality [5][6][10]. Regulatory Environment - The number portability policy, initiated in December 2019, aimed to enhance user choice and service quality but has resulted in market chaos due to aggressive competition among operators [5][8]. - Regulatory bodies are taking steps to address the misuse of number portability for competitive advantage, emphasizing that it should not disrupt market order [8][12]. Consumer Sentiment - A survey indicated that 72.3% of number portability users prioritize reducing communication costs, highlighting the impact of pricing on consumer behavior [10]. - The disparity in pricing among major operators, particularly China Mobile's higher rates, has led to customer dissatisfaction and increased churn to competitors [10][12].

Core Insights - Guangdong Province's total telecom business volume reached 99.6 billion yuan in the first half of 2025, marking a year-on-year growth of 9.3% [1] - Telecom business revenue totaled 112.73 billion yuan, with a year-on-year increase of 1.1% [1] - The number of mobile phone base stations in Guangdong reached 1.134 million, including 632,000 4G stations and 423,000 5G stations [1] Group 1: User Statistics - As of the end of June, Guangdong had over 200 million telephone users, with fixed-line and mobile users at 16.18 million and 189 million respectively [3] - The total number of 4G users in Guangdong was 61.28 million, while 5G users reached 121 million, nearly double the number of 4G users [3] - Guangdong's mobile internet user base stood at 170 million, with a penetration rate of 133.4 users per 100 people [3] Group 2: 5G and Broadband Developments - Nationally, 5G mobile phone users reached 1.118 billion, with a net increase of 104 million from the previous year, accounting for 61.8% of mobile phone users [3] - Guangdong's fixed broadband users totaled 51.613 million, with 49.299 million FTTH/O users and 1.964 million users with speeds above 500M [3] - The province has initiated the construction of 10,000 Mbps optical networks, with Guangdong Telecom and Guangdong Mobile launching related services [4] Group 3: Call and Messaging Trends - Fixed-line call duration in Guangdong reached 6.55 billion minutes, down 15.8% year-on-year, while mobile call duration totaled 160.57 billion minutes, down 8.3% [5] - Despite a decline in call services, mobile SMS volume in Guangdong reached 108.09 billion messages, a decrease of 7.3%, contrasting with a national increase of 22.3% [5] - The average mobile internet access traffic in Guangdong was 22.5 GB per user per month, significantly higher than the national average [5] Group 4: Infrastructure Development - As of the end of June, Guangdong's optical cable length reached 4.732 million kilometers, with specific lengths for long-distance, local network, and access network [6] - The total number of fixed broadband access ports was 108 million, with FTTH/O ports accounting for 97.2% of the total [6]

今年以来，东营市以"2025惠享东营消费年"活动为主线，持续激发消费活力。东营联通积极响应政府号 召，举办"联通手机节国补真优惠 "主题活动，通过精准对接国家补贴政策、创新消费场景、深化政企 协同，吸引消费者5.6万人次，带动通信终端、智能家居等消费规模实现新突破，为区域消费市场复苏 注入数字动能，彰显央企服务民生、赋能实体经济的责任担当。 当前，数字消费正成为扩内需、稳增长的重要引擎。东营联通通过"政策落地+场景创新+生态协同"的 组合拳，既在短期内激活消费市场，更以5G技术普惠为切口，为千行百业数字化升级提供支撑，持续 为市场增添人气、财气、烟火气，为地方经济高质量发展贡献联通力量。 "5G+场景"创新体验，引领消费升级新趋势 在5G数字化展厅，东营联通打造"数字生活体验长廊"，设置智慧城市、智慧医疗、工业互联网等十大 5G应用场景；在营业厅，设立联通智家干兆宽带智能家居体验区，让消费者体验智能家居带来的美好 智慧生活。针对银发群体，工作人员手把手教学智能手机以及便民小程序的应用，帮助他们挑选双补政 策后经济实惠的终端产品。"我们以'国补'为支点，不仅推动终端普及，更要传递技术价值。通过场景 化体验，帮助 ...

Core Insights - China Telecom reported a slight revenue increase of 0.01% year-on-year for Q1 2025, with total revenue reaching 134.5 billion yuan [1][4] - The net profit attributable to shareholders increased by 3.11% year-on-year to approximately 8.86 billion yuan, with basic earnings per share rising to 0.10 yuan [1][4] Financial Performance - Service revenue for Q1 2025 was 124.7 billion yuan, showing a year-on-year growth of 0.3% and a quarter-on-quarter increase of 4.6% [1] - Operating costs amounted to 94.9 billion yuan, with sales expenses decreasing by 3.9% to 13.6 billion yuan, while management expenses increased by 4.7% to 10.4 billion yuan [4] - Research and development expenses rose by 11.5% to 1.8 billion yuan, reflecting a commitment to technological innovation [4] User Growth and Service Expansion - The number of 5G network users reached 270 million, with a penetration rate of 62.0%, and a net increase of 15.48 million users in Q1 2025 [2][3] - Mobile internet traffic grew by 14.2% year-on-year, with a daily average usage (DOU) of 20.4 GB, up by 9.1% [2] - Fixed broadband users reached 19.81 million, with a net increase of 670,000 users [3] Revenue from New Services - IDC revenue for Q1 2025 was 9.5 billion yuan, representing a year-on-year growth of 10.4% [3] - Smart revenue surged by 151.6% year-on-year, while revenue from video networking and satellite communication also saw significant increases of 58.4% and 37.2%, respectively [3]