"随着全网通与双卡双待技术的普及，以及消费者对自由选择和灵活性的需求不断提升，中国市场上的 运营商定制机逐渐减少。这一趋势也对运营商与智能手机厂商的合作模式提出了更高要求。"Omdia智 能手机业务负责人刘艺璇表示。 AI赋能体验升级 在电信运营商和手机厂商合作的定制机市场，有这样一个长情18年的CP，自从出道以来每年都会推出 一代心系天下系列手机，这对CP就是中国电信＋三星电子。 10月11日，中国电信携手三星电子推出心系天下三星W系列新品——W26，这款针对高端商务用户的智 能手机是自2008年以来推出的第18代"心系天下"手机。 《中国经营报》记者了解到，"心系天下"W26支持天通卫星通信、2亿像素广角主摄、整机仅215克…… 同时"即时简报""会议助手"这些该有的AI体验也拉满。 不过，运营商定制手机市场并非一个规模很大的市场。来自行业研究机构Omdia的数据显示，2025年上 半年，中国大陆智能手机市场运营商渠道出货990万台，占市场大盘的7.2%。 在他看来，如今AI时代的到来，为加快新兴业务发展（如AI手机），电信运营商也在推定制手机，但 声量上并不大。比如去年年底中国电信和中兴、高通合作，在努 ...

Group 1 - The core viewpoint of the news is that China Telecom reported a revenue increase of 1.3% year-on-year for the first half of 2025, reaching 269.42 billion yuan, and a net profit increase of 5.5%, amounting to 23.017 billion yuan [1] - The company plans to distribute a cash dividend of 0.1812 yuan per share, totaling 16.581 billion yuan, which represents 72% of the net profit attributable to shareholders during the reporting period [1] - Mobile communication service revenue was 106.6 billion yuan, showing a year-on-year growth of 1.3%, while broadband and smart home service revenue reached 64.1 billion yuan, growing by 0.2% [1] Group 2 - The number of mobile users reached 433 million, and broadband users totaled 199 million, with an ARPU of 46.0 yuan for mobile users and 48.3 yuan for broadband [1] - The company achieved industrial digitalization revenue of 74.9 billion yuan, with AIDC revenue growing by 7.4% [1] - Key product revenues showed significant growth, with Tianyi Cloud revenue at 57.3 billion yuan, smart revenue at 6.3 billion yuan (up 89.4%), security revenue at 9.1 billion yuan (up 18.2%), and satellite revenue increasing by 20.5% [1] Group 3 - China Telecom is focusing on the implementation of a cloud transformation strategy, enhancing innovation-driven development, and promoting the integration of basic and digital business [3] - The company is advancing its "AI+" initiative, which includes the development of over 160 AI applications across various sectors to improve efficiency and reduce costs [2] - Capital expenditures for the first half of the year totaled 34.2 billion yuan, with investments in mobile networks and industrial digitalization at 12.1 billion yuan and 11.6 billion yuan, respectively [2]

Core Insights - The annual MWC Shanghai highlighted the telecom industry's shift towards AI and large models, with 5G taking a backseat as operators face growth challenges [2] - The three major telecom operators reported low growth in Q1, indicating a saturation in demand and a need for new growth narratives [2][3][4] Group 1: Financial Performance - China Mobile reported Q1 revenue of 263.8 billion yuan, a slight increase of 0.02% year-on-year, with a net profit of 30.6 billion yuan, up 3.5% [2] - China Telecom's Q1 revenue was 134.5 billion yuan, showing a year-on-year increase of 0.01%, with a net profit of 8.9 billion yuan, up 3.1% [3] - China Unicom achieved Q1 revenue of 103.35 billion yuan, a year-on-year growth of 3.88%, with a net profit of 2.61 billion yuan, up 6.5% [4] Group 2: Growth Strategies - Huawei's rotating chairman Xu Zhijun emphasized the importance of identifying new growth demands, particularly from high-value user groups like delivery riders and live streamers, whose ARPU is significantly higher than average users [2][6] - The global number of delivery riders is expected to reach 160 million by 2030, with their ARPU being 1.6 times that of ordinary users; professional live streamers are projected to reach 130 million, with an ARPU four times higher [6] - Other strategies include enhancing high-definition video traffic, capitalizing on smart connected vehicles, and connecting individual businesses through FTTR technology [6] Group 3: AI and Robotics - The telecom operators are focusing on AI as a new narrative, with China Mobile's chairman stating that the industry is entering the AI+ era, where AI capabilities are reaching or exceeding human levels [2][10] - China Unicom launched the U PLUS SMART product system, integrating AI into various applications, while China Telecom showcased AI applications like the Tianyi AI phone and AI cloud computer [10][11] - Several robotics companies, including Yushu Technology and Leju Robotics, showcased their innovations at the event, highlighting the potential of AI in robotics for various applications [13][15]