Core Viewpoint - China Telecom reported a slight decrease in revenue for Q3 2025, but net profit showed a positive growth trend, indicating resilience in its financial performance despite market challenges [2][6]. Financial Performance - Revenue for Q3 2025 was approximately 124.85 billion yuan, a decrease of 0.91% year-on-year; however, year-to-date revenue reached about 394.27 billion yuan, an increase of 0.59% [2]. - Total profit for Q3 2025 was approximately 9.86 billion yuan, an increase of 4.03% year-on-year; year-to-date profit reached about 39.45 billion yuan, up 4.61% [2]. - Net profit attributable to shareholders for Q3 2025 was approximately 7.76 billion yuan, an increase of 3.60% year-on-year; year-to-date net profit was about 30.77 billion yuan, up 5.03% [2][3]. Cash Flow and Earnings - Net cash flow from operating activities year-to-date was approximately 87.31 billion yuan, a decrease of 10.37% compared to the previous year [4]. - Basic earnings per share for Q3 2025 were 0.08 yuan, an increase of 3.60% year-on-year; year-to-date earnings per share were 0.34 yuan, up 5.03% [4]. - The weighted average return on equity for Q3 2025 was 1.67%, an increase of 0.02 percentage points; year-to-date return on equity was 6.66%, up 0.18 percentage points [4]. User Growth and Market Position - As of September 30, 2025, the total number of mobile users reached 43.72 million, with a net increase of 1.27 million users; 5G network users totaled 29.24 million, with a net increase of 4.17 million users [20][23]. - The company reported a total of 20.05 million fixed broadband users, with a net increase of 305,000 users [20][23]. Revenue Breakdown - For the first three quarters of 2025, the company achieved a revenue of approximately 394.3 billion yuan, a year-on-year increase of 0.6%; service revenue was about 366.3 billion yuan, up 0.9% [20]. - New business segments showed significant growth: IDC revenue reached 27.5 billion yuan, up 9.1%; security revenue was 12.6 billion yuan, up 12.4%; smart revenue increased by 62.3%; IoT revenue grew by 34.2%; satellite communication revenue rose by 23.5%; and quantum revenue surged by 134.6% [20]. Cost and Expenses - Operating costs for the first three quarters of 2025 were approximately 274.8 billion yuan, a year-on-year increase of 0.1%; selling expenses were about 38.9 billion yuan, down 1.4%; management expenses were approximately 27.1 billion yuan, up 0.7%; and R&D expenses were around 9.1 billion yuan, up 4.4% [21]. Shareholder Information - As of the report date, the total number of ordinary shareholders was 273,723 [12]. - The largest shareholder, China Telecom Group Co., Ltd., held 63.90% of the shares, followed by Hong Kong Central Clearing Limited with 15.10% [13][14].

China Telecom Corporation Limited 中国电信股份有限公司 ( 於中華人民共和國註冊成立之股份有限公司 ) (股份編號：728) 2025年第三季度主要運營數據 中國電信股份有限公司（「本公司」）董事會（「董事會」）宣佈2025年第三季度本公司及 其附屬公司（統稱「本集團」）的主要運營數據。 2025年第三季度主要運營數據公佈如下： | | 2025年三季度 | | --- | --- | | 移動用戶數（百萬戶） | 437.19 | | 當季淨增用戶數（百萬戶） | 4.48 | | 其中：5G網絡用戶數（百萬戶） | 292.41 | | 當季淨增用戶數（百萬戶） | 10.39 | | 有線寬帶用戶數（百萬戶） | 200.49 | | 當季淨增用戶數（百萬戶） | 1.89 | 董事會謹此提醒投資者，以上運營數據為本集團內部統計數據，投資者應小心以免不恰當地倚賴 該等數據。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何 ...

Group 1 - China Mobile reported Q3 2025 revenue of 250.9 billion yuan, a year-on-year increase of 2.5%, and a net profit attributable to shareholders of 31.1 billion yuan, up 1.4% year-on-year [2] - For the first three quarters of 2025, China Mobile achieved revenue of 794.7 billion yuan, a 0.4% year-on-year growth, and a net profit of 115.4 billion yuan, reflecting a 4.0% increase year-on-year [2] - As of September 30, 2025, China Mobile's total mobile customers reached 1.009 billion, with 5G network customers at 622 million, and mobile internet traffic grew by 8.3% year-on-year [2] Group 2 - China Mobile announced the "AI+" action plan upgrade at the 2025 Global Partner Conference, aiming to double its investment in artificial intelligence by the end of 2028 and build the largest and most advanced intelligent computing infrastructure in China [3] - The plan includes exploring the construction of a 100,000-card intelligent computing cluster and achieving a domestic intelligent computing scale exceeding 100 EFLOPS [3] - The chief analyst from Huatai Securities indicated that the AI infrastructure and data centers are entering a new expansion cycle, with a clear path of "infrastructure first - application readiness" [4]

Core Insights - China Mobile reported a revenue of RMB 794.7 billion for the first three quarters of 2025, reflecting a year-on-year growth of 0.4% [1] - The company's net profit attributable to shareholders reached RMB 115.4 billion, marking a 4.0% increase year-on-year [1] - The total number of mobile customers reached 1.009 billion, with 5G network customers accounting for 622 million [1] Segment Summaries Personal Market - The company focused on market segmentation and value management, implementing growth plans and upgrades [1] - Mobile data traffic increased by 8.3% year-on-year, with mobile data usage (DOU) reaching 17.0GB, up 8.1% [1] - The mobile ARPU (Average Revenue Per User) stood at RMB 48.0 [1] Home Market - The "Mobile Love Home" brand led the development of a family-centered integrated business model [2] - The total number of fixed broadband customers reached 329 million, with a net increase of 14.2 million in the first three quarters [2] - The comprehensive ARPU for home customers was RMB 44.4 [2] Government and Enterprise Market - The company enhanced its platform-based operational system and focused on refined operations for different customer segments [2] - The DICT (Data, Information, Communication Technology) business maintained good growth, with significant increases in AI-related revenue [2] Emerging Markets - The company capitalized on high-level opening opportunities and accelerated the growth of international business [2] - The integration of "content + technology + innovation" led to steady growth in key product customer scales [2]

Core Viewpoint - China Telecom reported its financial results for the first half of 2025, showing modest growth in revenue and net profit, while emphasizing shareholder returns through increased dividends [3][5]. Financial Performance - The company achieved operating revenue of RMB 269.42 billion, a year-on-year increase of 1.3% [3][4]. - Net profit attributable to shareholders reached RMB 23.02 billion, reflecting a growth of 5.5% compared to the previous year [3][4]. - Total assets increased by 2.4% to RMB 887.22 billion, while net assets attributable to shareholders rose by 3.2% to RMB 466.87 billion [4]. Shareholder Returns - The board decided to distribute a mid-term dividend of RMB 0.1812 per share (including tax), which represents 72% of the profit attributable to shareholders for the first half of the year, marking an 8.4% increase from the previous year [5]. User Growth - As of Q2 2025, China Telecom had approximately 433 million mobile users, with 282 million being 5G users, reflecting a net increase of 15.81 million users in the quarter [6][7]. - The company also reported a total of 198.6 million broadband users, with a net increase of 490,000 users in the same period [7]. Industry Context - Competitors China Unicom and China Mobile also released their half-year results, with China Unicom reporting a revenue of RMB 200.20 billion and China Mobile reporting RMB 543.80 billion [8][9]. - China Unicom's net profit was RMB 63.49 billion, while China Mobile's net profit reached RMB 842 billion, both showing positive growth [8][9].

证券代码：601728 证券简称：中国电信 公告编号：2025-028 中国电信股份有限公司 2025 年第二季度主要运营数据公告 中国电信股份有限公司 2025 年第二季度主要运营数据 如下： | 单位：万户 | 2025 年二季度 | | --- | --- | | 移动用户数 | 43,271 | | 当季净增/减用户数 | 324 | | 其中：5G 网络用户数 | 28,202 | | 当季净增/减用户数 | 1,581 | | 有线宽带用户数 | 19,860 | | 当季净增/减用户数 | 49 | 本公司谨此提醒投资者，上述运营数据为内部统计数据， 并不代表公司对未来经营情况的任何预测或保证，投资者应 注意不恰当地使用上述数据可能造成的投资风险。 中国电信股份有限公司 二〇二五年八月十四日 1 ...

Group 1 - The core viewpoint of the article highlights the growth in mobile and broadband user numbers for China Telecom in Q2 2025 [1] Group 2 - As of Q2 2025, the total number of mobile users reached approximately 433 million, with a net increase of 3.24 million users during the quarter [1] - The number of 5G network users was around 282 million, showing a net increase of 15.81 million users in the same period [1] - The total number of fixed broadband users was approximately 199 million, with a net increase of 490,000 users in Q2 2025 [1]

2025年第二季度主要運營數據 中國電信股份有限公司（「本公司」）董事會（「董事會」）宣佈2025年第二季度本公司及 其附屬公司（統稱「本集團」）的主要運營數據。 2025年第二季度主要運營數據公佈如下： | | 2025年二季度 | | --- | --- | | 移動用戶數（百萬戶） | 432.71 | | 當季淨增用戶數（百萬戶） | 3.24 | | 其中：5G網絡用戶數（百萬戶） | 282.02 | | 當季淨增用戶數（百萬戶） | 15.81 | | 有線寬帶用戶數（百萬戶） | 198.60 | | 當季淨增用戶數（百萬戶） | 0.49 | (股份編號：728) 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Telecom Corporation Limited 中国电信股份有限公司 ( 於中華人民共和國註冊成立之股份有限公司 ) 董事會謹此提醒投資者，以上運營數據為本集團內部統計數據，投資者應小心以免不恰當地倚賴 該等 ...