The performance of the first three quarters is booming across the board: will it be another harvest year for operators?

The performance of the three major operators in the first three quarters was booming across the board, with operating income outperforming GDP growth by three times, and profits increasing to varying degrees.

On the third anniversary of the commercial use of 5G, the number of 5G package users exceeded 1 billion. The performance of the three major operators in the first nine months was all released, and the operating income continued to maintain rapid growth. Various indicators can be said to be booming across the board.

Strong performance growth

In the first three quarters of this year, the performance of the three major operators showed strong growth momentum.

According to the third quarterly report, in terms of revenue, China Telecom achieved an operating income of 357.8 billion yuan , a year-on- year increase of 9.6% ; China Unicom achieved an operating income of 264 billion yuan , an increase of 8.0% year -on-year ; China Mobile achieved an operating income of 723.5 billion yuan , an increase of 11.5% year -on-year . It exceeded China’s GDP growth rate in the first three quarters (3.0%).

Among them, China Telecom’s communication service revenue was 328.6 billion yuan , an increase of 8.0% year-on-year ; China Unicom’s communication service revenue was 234 billion yuan , a year-on-year increase of 7.8% ; China Mobile’s main revenue was 620.1 billion yuan , an increase of 8.3% year-on-year .

In terms of EBUITDA, China Telecom was 100.5 billion yuan, a year-on-year increase of 4.3%; China Unicom was 76.6 billion yuan, a year-on-year increase of 1.9%; China Mobile was 251.5 billion yuan, a year-on-year increase of 5.9%.

In terms of net profit, China Telecom’s net profit attributable to the parent was 24.5 billion yuan , a year-on-year increase of 5.2% ; China Unicom’s net profit attributable to the parent was 6.8 billion yuan . A year-on- year increase of 20.4% ; China Mobile’s net profit attributable to the parent was 98.5 billion yuan , a year-on-year increase of 13.3% .

From the data comparison, China Mobile’s revenue is 1.2 times that of China Telecom and China Unicom combined , and China Mobile’s double-error revenue growth rate is higher than the other two operators, indicating that the income gap is constantly widening. However, the year-on-year growth rate of China Unicom’s net profit attributable to the parent company exceeded 20%, higher than that of China Telecom and China Mobile. Obviously, its profitability has been further enhanced, and the construction of the “1+9+3” strategic planning system has achieved results.

In addition, the year-on-year growth rate of the communication service revenue of the three operators is very small, which means that they have maintained high-quality development in the first three quarters of this year, and this has become the biggest bright spot in the three quarterly reports of the three operators .

“Basic disk” stable

In the first three quarters of this year, the three major operators continued to promote the coordinated development of “5G + Gigabit Optical Network”, and promoted the stable growth of the two “basic” businesses of mobile communications and fixed-line broadband.

According to the third quarterly report, in terms of mobile business , China Telecom’s mobile communication service revenue was 148.4 billion yuan , a year-on-year increase of 5.6% ; mobile users reached 390 million, of which 5G package users reached 251 million, with a penetration rate of 64.4%, and mobile users ARPU is 45.5 yuan . China Unicom Mobile’s main business revenue reached 127.4 billion yuan , a year-on-year increase of 3.3% . The number of users of “Great Connection” reached a new high, reaching a total of 840 million, of which 5G package users reached 200 million. The total number of mobile users of China Mobile is about 974 million, of which 557 million are 5G package users, with a penetration rate of 57.2%; 5G network users have reached 292 million, maintaining the industry’s leading position. Mobile ARPU was 50.7 yuan , a year-on-year increase of 1.0%.

In terms of fixed-line broadband business , China Telecom’s fixed-line and smart home service revenue reached 89.4 billion yuan , a year-on-year increase of 4.6% , and the number of wired broadband users reached 179 million. Smart home revenue maintained rapid growth, driving broadband comprehensive ARPU to 46.6 yuan . Contribution of family value continued to increase. China Unicom’s fixed-line broadband access revenue was 34.6 billion yuan, a year-on-year increase of 3.9%. The total number of China Mobile’s wired broadband users reached 265 million, of which home broadband users reached 238 million; the wired broadband ARPU was 34.8 yuan , an increase of 0.2% year -on-year, and the comprehensive ARPU of home users was 41.1 yuan , a year-on-year increase of 3.2%. However, China Mobile did not disclose the personal market and household market income in detail in the third quarterly report.

Judging from various data, the “basic market” revenue, user scale and value of the three major operators are all booming, laying the foundation for the strong growth of the operators’ main business.

The “Second Curve” achieved outstanding results

In the first three quarters of this year, the “Second Curve” achieved outstanding results and continued to serve as the main engine for the high-quality development of operators.

According to the quarterly report, the digital revenue of China’s telecom industry reached 85.6 billion yuan , a year-on-year increase of 16.5% ; China Unicom’s industrial Internet business achieved revenue of 53.2 billion yuan , a substantial increase of 29.9% year-on-year ; China Mobile’s DICT business revenue reached 68.5 billion yuan , a year-on-year increase of 40% % .

Obviously, China Telecom’s “Second Curve” revenue leads the three major operators, China Unicom maintains stable development, and China Mobile is rapidly following, and the growth rate has accelerated significantly. It is also worth noting that, due to the existence of “separate policies” in the “Second Curve” revenue statistics, it is expected that China Mobile’s “Second Curve” annual performance report will be released more prominently.

However, in the three quarterly reports of the three major operators, only China Unicom disclosed the performance of the “Second Curve” in various fields in more detail. Nevertheless, through this set of data disclosures by China Unicom, it is still possible to predict the development pattern of the “second curve” business of the three major operators in the first three quarters.

In terms of “big connection”, China Unicom has deepened the new model of “platform + cloud network + X” for market segments, and accelerated the iteration of popular platforms and products such as digital villages and integrated video. Accelerate the promotion of the ubiquitous interconnection of human, machine and things, adhere to the 5G-led network industry collaboration strategy, independently customize and enhance Yanfei’s core model capabilities, promote the integration of industry components into scenarios, achieve breakthroughs, and continue to expand the scale of connections, with the number of IoT terminal connections reaching 370 million The revenue from the IoT business reached 6.2 billion yuan, a year-on-year increase of 35.6%, exceeding the industry average. According to the Ministry of Industry and Information Technology, in the first three quarters of this year, the IoT business revenue of the three major telecom operators increased by 23.5% year-on-year.

In terms of “big computing”, China Unicom optimized the “5+4+31+X” resource layout, focusing on key areas such as Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu-Chongqing, Shandong-Henan-Shaanxi, and improved computing service quality and utilization efficiency, continue to enrich the categories of cloud products, serve the construction of digital government cloud in many places and the digital transformation of central enterprises, and promote the accelerated development of China Unicom Cloud. According to the third quarterly report, Unicom Cloud achieved revenue of 26.9 billion yuan, a year-on-year increase of 142.0% ; IDC achieved revenue of 18.6 billion yuan, a year-on-year increase of 12.9%. In addition, China Telecom also pointed out in the third quarterly report that the differentiated competitive advantage of e-Surfing Cloud has been strengthened, and the business revenue continued to double .

In terms of “big data”, China Unicom leveraged its advantages in data governance and data security to build a product system and deeply cultivate key areas such as digital government and digital finance. According to the third quarterly report, China Unicom Big Data achieved revenue of 2.8 billion yuan, a year-on-year increase of 56.3% .

In terms of “big application”, China Unicom continued to forge six core capabilities of “cloud, big, material, intelligence, chain, and security” in the government and enterprise market, enriched the categories of self-developed products, and further built digital customized service capabilities that create value for customers. Fully combine the systematic professional capabilities of 17 professional subsidiaries and 19 industrial Internet companies with the national four-level operation system of headquarters, provinces, prefectures, districts and counties, as well as villages, to create an integrated capability aggregation advantage.

In terms of “big security”, China Unicom cooperates with leading enterprises in the fields of basic software and hardware, general security, 5G security, Internet of Things security, industrial Internet security, etc., to drive the industrial chain to integrate intelligence and system integration, and fully meet the needs of digital government and digital economy. , the security needs of the digital society.

Judging from the above data, cloud computing services are still an enhanced engine for operators’ “second curve”. The latest statistics from the Ministry of Industry and Information Technology also confirm this. According to the Ministry of Industry and Information Technology, in the first three quarters of this year, the cloud computing revenue of the three major telecom operators increased by 127.6% year-on-year, leading emerging businesses such as big data, Internet of Things, and IDC.

In general, in the first three quarters of this year, the “second curve” of the three major operators continued to rise, showing a new situation of vigorous and high-quality development.

With the release of the third quarterly report, 2022 has entered the final stage. The three major operators’ harvests this year are also revealed in this three-quarter report – 2022 will be another harvest year.

However, the repeated COVID-19 epidemic and the twists and turns of domestic and foreign situations also made operators face challenges in the production and operation of the fourth quarter. Therefore, in the three quarterly reports, the three major operators emphasized that they should continue to implement new development concepts, integrate into new development patterns, continue to strengthen quality and efficiency, focus on quality improvement, seek progress while maintaining stability, promote high-quality development, and continue to serve shareholders and customers. and social value creation.

It is believed that after hard work, the annual transcripts of the three major operators in 2022 will be more beautiful.

Written by: superb

Watchmaking: Dawn

Edit: superb

Guidance: new text