Group 1 - The core viewpoint of the article highlights that the sales revenue of enterprises in the country has maintained steady growth in the first half of the year, showcasing multiple positive aspects [1] - The "Two New" policy has shown significant effectiveness, with the amount of machinery and equipment purchased by enterprises increasing by 11.1% year-on-year, continuing the rapid growth trend from last year [1] - Consumer demand has accelerated due to the ongoing effects of the "old for new" series of policies, with retail sales of home audio-visual equipment such as televisions increasing by 45.3% and daily household appliances like refrigerators rising by 56.6% year-on-year [1] - Retail sales related to home decoration, such as furniture, have increased by 34% year-on-year, while retail sales of communication devices like mobile phones, which have been newly included in the "old for new" program, have grown by 25.4% [1]

Core Insights - Telus reported $3.52 billion in revenue for Q1 2025, a year-over-year decline of 3.7% and a surprise of -0.94% compared to the Zacks Consensus Estimate of $3.56 billion [1] - The EPS for the quarter was $0.18, compared to $0.19 a year ago, with a surprise of +20.00% over the consensus estimate of $0.15 [1] Financial Performance - Telus shares returned +5.2% over the past month, while the Zacks S&P 500 composite increased by +9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3] Subscriber Metrics - Mobile Phone Subscribers: 10.14 million, slightly below the average estimate of 10.17 million [4] - Connected Device Subscribers: 3.88 million, exceeding the average estimate of 3.82 million [4] - Internet Subscribers: 2.72 million, below the average estimate of 2.78 million [4] - TV Subscribers: 1.42 million, slightly above the average estimate of 1.4 million [4] - Security Subscribers: 1.14 million, matching the average estimate [4] - Residential Voice Subscribers: 1.02 million, in line with the average estimate [4] Churn and Net Additions - Mobile Phone Churn Rate: 1.1%, consistent with the average estimate [4] - Net Additions for Connected Device: 148 thousand, significantly above the average estimate of 90.6 thousand [4] - Net Additions for Internet: 21 thousand, slightly below the average estimate of 23.54 thousand [4] - Net Additions for TV: 27 thousand, exceeding the average estimate of 15.49 thousand [4] - Net Additions for Security: 15 thousand, below the average estimate of 17.42 thousand [4] - Net Additions for Residential Voice: -13 thousand, worse than the average estimate of -8.12 thousand [4]