Core Insights - The overall operation of China's telecommunications industry has remained stable in the first 11 months of the year [1] Industry Performance - As of the end of November, the total number of 5G base stations reached 4.83 million, an increase of 579,000 compared to the end of the previous year [1] - Cumulative telecom business revenue reached 1,609.6 billion yuan, reflecting a year-on-year growth of 0.9% [1] User Growth - By the end of November, the total number of fixed internet broadband access users among the three major telecom operators reached 697 million, with a net increase of 27.12 million users since the end of the previous year [1] - The number of mobile IoT terminal users grew to 2.9 billion, with a net increase of 24.4 million users [1] - The number of internet TV (IPTV, OTT) users reached 415 million [1] 5G User Expansion - The total number of mobile phone users among the three major telecom operators and China Broadcasting reached 1.828 billion, with a net increase of 38.54 million users [1] - The number of 5G mobile phone users reached 1.193 billion, with a net increase of 17.9 million users, accounting for 65.3% of total mobile phone users [1]

Core Insights - The overall operation of China's telecommunications industry remained stable in the first 11 months of the year, with significant growth in 5G infrastructure and user adoption [1] Group 1: Telecommunications Industry Performance - As of the end of November, the total number of 5G base stations reached 4.83 million, an increase of 579,000 compared to the end of the previous year [1] - The cumulative telecom business revenue for the first 11 months was 1,609.6 billion yuan, reflecting a year-on-year growth of 0.9% [1] Group 2: User Growth Metrics - By the end of November, the total number of fixed internet broadband access users among the three major telecom operators reached 697 million, with a net increase of 27.12 million users since the end of the previous year [1] - The number of mobile IoT terminal users grew to 2.9 billion, with a net increase of 24.4 million users [1] - The number of internet television (IPTV, OTT) users reached 415 million [1] Group 3: 5G User Adoption - The total number of mobile phone users among the three major telecom operators and China Broadcasting reached 1.828 billion, with a net increase of 38.54 million users since the end of the previous year [1] - The number of 5G mobile phone users reached 1.193 billion, an increase of 17.9 million users, accounting for 65.3% of total mobile phone users [1]

Overall Industry Performance - The telecommunications industry has shown stable overall performance in the first 11 months of the year, with steady growth in telecom business volume and rapid growth in mobile internet access traffic [1] - Telecom business revenue reached 1.6096 trillion yuan, reflecting a year-on-year increase of 0.9%, while the total telecom business volume grew by 9.1% year-on-year when adjusted for last year's prices [1] User Development - The number of fixed internet broadband access users reached 697 million by the end of November, with a net increase of 27.12 million users compared to the end of the previous year [1] - Users with fixed internet broadband access speeds of 100 Mbps and above totaled 664 million, accounting for 95.2% of total users, while those with speeds of 1000 Mbps and above reached 239 million, marking a net increase of 32.52 million users and a 3.4 percentage point increase from the previous year [1] 5G and IoT Growth - The number of mobile phone users reached 1.828 billion by the end of November, with a net increase of 38.54 million users, and 5G mobile phone users totaled 1.193 billion, representing a net increase of 17.9 million users and accounting for 65.3% of mobile phone users [2] - The number of mobile IoT terminal users grew rapidly, reaching 2.9 billion, with a net increase of 24.4 million users [2] Infrastructure Development - The number of internet broadband access ports reached 1.25 billion by the end of November, with a net increase of 48.11 million ports, while fiber-to-the-home (FTTH/O) ports reached 1.21 billion, accounting for 96.8% of total broadband access ports [2] - The total number of 5G base stations reached 4.83 million, with a net increase of 579,000 stations, representing 37.4% of total mobile base stations, an increase of 0.4 percentage points from the previous 10 months [2]

Overall Performance - The telecommunications industry has shown stable growth in business revenue, with a total revenue of 14,670 billion yuan for the first ten months of 2025, representing a year-on-year increase of 0.9%. When adjusted for last year's prices, the total business volume grew by 9% [2]. User Development - The number of fixed internet broadband users reached 697 million by the end of October, with a net increase of 27.01 million users compared to the end of last year. Users with access speeds of 100 Mbps and above accounted for 95.1% of total users, while those with speeds of 1,000 Mbps and above reached 238 million, marking a net increase of 31.13 million users and a 3.3 percentage point increase from the end of last year [4]. - The total number of mobile phone users reached 1.83 billion, with a net increase of 40.15 million users. The number of 5G mobile phone users reached 1.184 billion, with a net increase of 17 million users, accounting for 64.7% of mobile phone users [7]. - The number of mobile IoT terminal users grew rapidly to 2.89 billion, with a net increase of 23.4 million users. The number of internet TV users reached 41.2 million, with a net increase of 4.737 million users [9]. Telecommunications Usage - Mobile internet traffic maintained a rapid growth rate, with a total of 3,232 billion GB of mobile internet traffic for the first ten months, representing a year-on-year increase of 16.8%. The average monthly mobile internet access traffic per user reached 22.21 GB, a year-on-year increase of 15.7% [10]. - The total duration of mobile phone outgoing calls was 17 trillion minutes, a decrease of 5.2% year-on-year, while the duration of fixed-line outgoing calls was 56.04 billion minutes, down 14.1% year-on-year. The volume of mobile SMS services increased by 18.8%, but revenue from mobile SMS services decreased by 1.2% [10]. Communication Capability - The number of internet broadband access ports reached 1.243 billion by the end of October, with a net increase of 40.89 million ports. Fiber-to-the-home (FTTH/O) ports accounted for 96.7% of total broadband access ports, reaching 1.202 billion [11]. - The total number of 5G base stations reached 4.758 million, with a net increase of 507,000 stations, accounting for 37% of total mobile base stations, an increase of 0.4 percentage points from the previous three quarters [12]. Regional Development - The penetration rates for fixed broadband users with speeds of 1,000 Mbps and above in the eastern, central, western, and northeastern regions were 34.1%, 33.5%, 36.2%, and 27.8%, respectively, showing increases of 2.9, 2.3, 4.5, and 4.2 percentage points from the end of last year. The penetration rates for 5G mobile phone users in these regions were 64.3%, 65.4%, 64.6%, and 65.3%, with increases of 7.6, 8.2, 8.3, and 9 percentage points, respectively [13]. - The mobile internet access traffic growth rates in the eastern, central, western, and northeastern regions were 17.3%, 16.1%, 15.2%, and 25.1%, respectively, with total traffic reaching 1,357 billion GB, 761.1 billion GB, 921 billion GB, and 193.4 billion GB [13].

Overall Performance - The telecommunications industry has shown stable growth in the first ten months of the year, with total telecom business revenue reaching 1.467 trillion yuan, a year-on-year increase of 0.9% [2] - The total telecom business volume, adjusted for last year's prices, has grown by 9% year-on-year [2] User Development - The number of fixed internet broadband users reached 697 million, with a net increase of 27.01 million users since the end of last year [4] - Users with internet access speeds of 1000 Mbps or higher reached 238 million, a net increase of 31.13 million users, representing 34.1% of total users, up 3.3 percentage points from the end of last year [4] - The total number of mobile phone users reached 1.83 billion, with a net increase of 40.15 million users, while 5G mobile phone users reached 1.184 billion, a net increase of 17 million users, accounting for 64.7% of mobile phone users [4][6] Business Usage - Mobile internet traffic has seen a significant increase, with a total of 3.232 trillion GB of mobile internet traffic recorded, a year-on-year growth of 16.8% [7] - The average monthly mobile internet access traffic per user reached 22.21 GB, an increase of 15.7% year-on-year [7] - The duration of mobile phone calls has decreased by 5.2%, while fixed-line call durations have decreased by 14.1% [7] Communication Capacity - The number of internet broadband access ports reached 1.243 billion, with a net increase of 40.89 million ports since the end of last year [8] - Fiber-to-the-home (FTTH/O) ports reached 1.202 billion, accounting for 96.7% of total broadband access ports [8] Regional Development - The penetration rates for fixed broadband users with speeds of 1000 Mbps or higher in different regions have increased, with the East, Central, West, and Northeast regions showing improvements of 2.9, 2.3, 4.5, and 4.2 percentage points respectively [10] - The penetration rates for 5G mobile phone users in these regions have also increased, with improvements of 7.6, 8.2, 8.3, and 9 percentage points respectively [10] - Mobile internet access traffic growth rates in various regions have maintained double-digit growth, with the Northeast region showing the highest growth at 25.1% [10]

Overall Performance - The telecommunications industry has shown stable overall performance in the first three quarters, with steady growth in telecom business revenue and a slight rebound in the growth rate of telecom business volume [1][2] - Total telecom business revenue reached 1.327 trillion yuan, representing a year-on-year increase of 0.9%, while the telecom business volume grew by 9% year-on-year when adjusted for last year's prices [2] User Development - The number of fixed internet broadband users reached 695 million by the end of September, with a net increase of 24.86 million users since the end of last year [3] - Among these, users with access speeds of 100 Mbps and above totaled 661 million, accounting for 95.2% of the total, while users with speeds of 1000 Mbps and above reached 235 million, marking a net increase of 28.39 million users [3] - The number of mobile phone users reached 1.828 billion, with 5G mobile phone users totaling 1.167 billion, representing 63.9% of mobile phone users [3] - The number of mobile IoT terminal users grew rapidly, reaching 2.888 billion, with internet TV users increasing to 412 million [3] Business Usage - Mobile internet traffic saw a significant increase, with total traffic reaching 287.4 billion GB, a year-on-year growth of 16.6% [4] - The average mobile internet access traffic per user (DOU) was 21.23 GB per month in September, up 15.5% year-on-year [4] - However, the total call duration for mobile phones decreased by 5.3% year-on-year, while fixed-line call duration dropped by 13.3% [4] Communication Capacity - The total length of optical cable lines reached 74.44 million kilometers, a year-on-year increase of 3.6% [5] - The number of internet broadband access ports reached 1.241 billion, with fiber access ports accounting for 96.7% of the total [5] - By the end of September, the number of 5G base stations reached 4.705 million, representing 36.6% of all mobile base stations [5] Regional Development - The penetration rates for 1000 Mbps and above fixed broadband users increased across various regions, with the eastern, central, western, and northeastern regions showing improvements [6] - The penetration rates for 5G mobile phone users also increased significantly across these regions [6] - Mobile internet access traffic growth remained in double digits across all regions, with the northeastern region experiencing the highest growth rate of 25.3% [7]

Overall Performance - The telecommunications industry has shown stable overall performance in the first three quarters, with steady growth in telecom business volume and ongoing infrastructure development in 5G, gigabit, and IoT networks [1][2] - Telecom business revenue reached 1.327 trillion yuan, a year-on-year increase of 0.9%, while the total telecom business volume grew by 9% year-on-year when adjusted for last year's prices [2] User Development - The number of fixed internet broadband users reached 695 million by the end of September, with a net increase of 24.86 million users since the end of last year [4] - Among these, users with access speeds of 100 Mbps and above totaled 661 million, accounting for 95.2% of total users, while those with speeds of 1000 Mbps and above reached 235 million, a net increase of 28.39 million users [4] - Mobile phone users reached 1.828 billion, with 5G mobile phone users totaling 1.167 billion, representing 63.9% of mobile phone users, a net increase of 15.3 million users [4] Business Usage - Mobile internet traffic grew significantly, with a total of 287.4 billion GB in the first three quarters, a year-on-year increase of 16.6% [6] - The average mobile internet access traffic per user (DOU) reached 21.23 GB per month in September, up 15.5% year-on-year [6] - The total duration of mobile phone outgoing calls decreased by 5.3% year-on-year, while fixed phone outgoing call duration fell by 13.3% [6] Communication Capacity - The total length of optical cable lines reached 74.44 million kilometers, a year-on-year increase of 3.6% [7] - By the end of September, the number of internet broadband access ports reached 1.241 billion, with fiber access ports accounting for 96.7% of the total [7] - The number of 5G base stations reached 4.705 million, a net increase of 455,000 since the end of last year, representing 36.6% of all mobile base stations [7] Regional Development - The penetration rates for gigabit and 5G users have increased across various regions, with the highest gigabit user penetration in the western region at 35.8% [8] - Mobile internet access traffic growth remained in double digits across all regions, with the eastern region reaching 120.65 billion GB, a year-on-year increase of 16.8% [8]

Core Insights - As of the end of September, China has 4.705 million 5G base stations, an increase of 455,000 from the end of last year, indicating continuous upgrades in 5G network service capabilities [1][4] - The number of 5G mobile phone users reached 1.167 billion, with a net increase of 153 million users since the end of last year, representing 63.9% of total mobile phone users [4][7] - The telecommunications business revenue for the first three quarters reached 1,327 billion yuan, a year-on-year growth of 0.9%, while the total telecommunications business volume increased by 9% when calculated at constant prices from the previous year [1] User Statistics - The total number of fixed internet broadband access users reached 695 million, with a net increase of 24.86 million users since the end of last year [4] - The number of mobile IoT terminal users grew rapidly, reaching 2.888 billion, with a net increase of 232 million users [4] - Internet TV (IPTV, OTT) users reached 41.2 million, with a net increase of 4.568 million users since the end of last year [4] Regional Development - The penetration rates for fixed broadband users of 1000Mbps and above in different regions are as follows: East 33.9%, Central 33.3%, West 35.8%, and Northeast 27.4% [7] - The penetration rates for 5G mobile phone users in various regions are: East 63.5%, Central 64.5%, West 63.8%, and Northeast 64.6% [7]

Core Insights - The telecommunications industry in China is experiencing stable growth, with significant advancements in 5G, gigabit, and IoT infrastructure, leading to an increase in user connections and mobile internet traffic [3][6]. Overall Performance - The telecommunications business revenue reached 1.327 trillion yuan in the first three quarters, marking a year-on-year growth of 0.9%. The total telecommunications business volume grew by 9% when adjusted for last year's prices [6]. User Development - As of the end of September, the total number of fixed internet broadband users reached 695 million, with a net increase of 24.86 million users since the end of last year. Users with access speeds of 100 Mbps and above accounted for 95.2% of total users [8]. - The number of mobile phone users reached 1.828 billion, with 5G mobile phone users totaling 1.167 billion, representing 63.9% of mobile phone users [10]. Telecommunications Usage - Mobile internet traffic reached 287.4 billion GB in the first three quarters, reflecting a year-on-year increase of 16.6%. The average mobile internet access traffic per user was 21.23 GB per month in September, up 15.5% year-on-year [11]. - The total duration of mobile phone outgoing calls decreased by 5.3% year-on-year, while the volume of mobile SMS increased by 19.9% [11]. Communication Capacity - The total length of optical cable lines reached 74.44 million kilometers, growing by 3.6% year-on-year. The number of internet broadband access ports reached 1.241 billion, with fiber access ports accounting for 96.7% [12]. - The total number of 5G base stations reached 4.705 million, with a net increase of 455,000 since the end of last year, representing 36.6% of all mobile base stations [12]. Regional Development - The penetration rates for fixed broadband users with speeds of 1000 Mbps and above in different regions were 33.9% in the East, 33.3% in the Central, 35.8% in the West, and 27.4% in Northeast China, showing significant year-on-year increases [13]. - Mobile internet access traffic growth remained in double digits across all regions, with the East region reaching 120.65 billion GB, reflecting a year-on-year growth of 16.8% [13].

Core Viewpoint - The telecommunications industry has shown stable performance in the first eight months, with steady growth in telecom business volume and orderly progress in new infrastructure construction, particularly in 5G, gigabit, and IoT user scale expansion [1] Group 1: Telecom Business Performance - As of the end of August, the total number of fixed internet broadband access users among the three major telecom companies reached 689 million, with a net increase of 18.85 million users compared to the end of the previous year [1] - Users with fixed internet broadband access speeds of 100 Mbps and above reached 655 million, accounting for 95.2% of total users; those with speeds of 1000 Mbps and above reached 233 million, with a net increase of 26.64 million users, representing 33.9% of total users, an increase of 3 percentage points compared to the end of the previous year [1] Group 2: Mobile User Growth - The total number of mobile phone users among the three major telecom companies and China Broadcasting reached 1.819 billion, with a net increase of 29.53 million users compared to the end of the previous year [1] - The number of 5G mobile phone users reached 1.154 billion, with a net increase of 14 million users, accounting for 63.4% of mobile phone users [1] Group 3: IoT and IPTV Growth - The number of mobile IoT terminal users grew rapidly, reaching 2.872 billion, with a net increase of 21.6 million users compared to the end of the previous year [1] - The number of internet television (IPTV, OTT) users reached 412 million, with a net increase of 4.246 million users compared to the end of the previous year [1]