On March 11, the performance data of the three major telecom operators came out, which is also the first performance competition of the three companies after gathering a sharesP align = “center” three major operators’ performance data released
6 China Reform Health Management And Services Group Co.Ltd(000503) may disclose the annual report of 2021. In 2021, the company’s operating performance grew steadily and its profitability improved rapidly. The operating revenue reached 327.9 billion yuan, a year-on-year increase of 7.9%; The main business income reached 296.2 billion yuan, a year-on-year increase of 7.4%, an increase of 3.1 percentage points over the whole year of 2020. The total annual profit reached 17.8 billion yuan, and the net profit attributable to the parent company reached 6.31 billion yuan, a year-on-year increase of 14.2%, an increase of 3.4 percentage points over the whole year of 2020.
At the same time, China Mobile and China Telecom Corporation Limited(601728) also announced the business situation in 2021 and from January to February 2022. China Mobile estimates that the operating revenue in 2021 is about 844877 billion yuan to 852558 billion yuan, and the net profit attributable to the shareholders of the parent company is about 114307 billion yuan to 116464 billion yuan. After deducting non recurring profits and losses, the net profit attributable to the shareholders of the parent company is about 107285 billion yuan to 109328 billion yuan. Meanwhile, from January to February this year, China Mobile’s main business indicators performed well.
In terms of share price, on March 11, A-share China Mobile closed at 60.10 yuan, up 0.38%, with a total market value of 1.3 trillion yuan China Telecom Corporation Limited(601728) a shares reported 3.96 yuan / share, with a total market value of more than 360 billion China United Network Communications Limited(600050) a shares reported 3.69 yuan / share, with the latest market value of 114.3 billion yuan.
After preliminary accounting, the operating revenue of China Telecom Corporation Limited(601728) 2021 increased by 10% – 12% compared with the same period last year, and the net profit attributable to the shareholders of the parent company increased by 23% – 25% compared with the same period last year. It is reported that China Telecom Corporation Limited(601728) 2020 fiscal year achieved an operating revenue of 389.9 billion yuan and a net profit attributable to the parent company of 20.85 billion yuan. From January to February, the company’s business performance continued to improve and achieved new results in high-quality development.
In terms of dividend distribution, China United Network Communications Limited(600050) said that the company attaches great importance to shareholder returns. After giving full consideration to the company’s good business development and strong free cash flow, the board of Directors proposes to pay a final dividend of RMB 0.0391 per share (including tax), with a total of about RMB 1.192 billion (including tax) to the shareholders of the company. Together with the interim dividend of 0.0488 yuan per share (tax included), the annual dividend amounted to 0.0879 yuan per share (tax included), an increase of 31.4% year-on-year. In the future, the company will continue to strive to improve profitability and shareholder returns.
China Mobile also said that in order to better feed back to shareholders and share development achievements, the company will strive to achieve a good growth in dividend per share in 2021 and continue to create greater value for shareholders.
In terms of the number of users, China Mobile maintains a leading position in the industry in terms of customer scale. According to the data, China Mobile’s mobile customers reached 957 million, with a net increase of 14.97 million, including 387 million 5g package customers, with a net increase of 222 million, maintaining the leading scale in the industry; The growth of the household market is strong, and the volume and income have increased. The number of wired broadband customers has reached 240 million, with a net increase of 29.78 million. It has maintained the leading position in the industry, and the expansion of smart families has achieved remarkable results.
By the end of 2021, China Telecom Corporation Limited(601728) had 372 million mobile users, 5g package user penetration rate exceeded 50%, and nearly 170 million wired broadband users.
By the end of 2021, China United Network Communications Limited(600050) has about 317 million mobile billing users, with an annual cumulative net increase of 11.3 million; 5g package users have reached 155 million, with an annual cumulative net increase of 84.1 million. 5g package user penetration exceeded the industry average, reaching 48.9%. In the whole year, the number of broadband users increased by 8.95 million, reaching 95.05 million.
At the same time, the 5g commercial layout of the three operators has also been further implemented. China Mobile said that the government enterprise market has become an income increasing engine with strong momentum. The 5g vertical field has achieved scale expansion in many industries such as smart mine, smart factory, smart power, smart metallurgy, smart port and smart hospital; The innovative layout of emerging markets has achieved remarkable results, deepened the coordination between the international and Chinese markets, accelerated the promotion of high-quality and mature capabilities to go to sea, and made every effort to build high-quality Internet products such as video, games, VR / AR and payment. During the Beijing Winter Olympic Games, Migu video won wide recognition for its all-round live broadcast of the game.
China United Network Communications Limited(600050) continue to build and iterate baseline solutions for 5g industrial Internet, smart city, medical treatment, education, culture and tourism and other industries; Consolidate the development of 5g industry integration standards, expand 5g application innovation alliance, and optimize 5g ecological open platform; Continue to increase R & D investment and carry out product incubation in the fields of dual carbon Internet of things, 5g + vehicle road coordination, 5g + Beidou, smart legal affairs, smart elderly care and so on. At the same time, we will continue to work closely with China Telecom Corporation Limited(601728) to open 310000 new 5g base stations. The two sides have opened 6900005g base stations in total, building the world’s largest 5g co construction and sharing network.
In 2021, China Telecom Corporation Limited(601728) 5g customized network commercial project covers all key industries of 5g application “sailing” action plan. Tianyi cloud breaks through key core technologies, upgrades to distributed cloud, continuously improves cloud network security capability, and actively enables the transformation and upgrading of traditional industries to level 2; Give full play to the advantages of cloud network integration, focus on the national “East digital West computing” project and the layout of integrated big data center, comprehensively deploy data center, DCI network, computing power and product services, and actively undertake the implementation of “East digital West computing” projectP align = “center” organization: the project of “counting from the east to the west” is fully launched p align = “center” operators benefit from both supply and demand
Galaxy Securities pointed out that the overall economic operation of the communication industry is good, and the mobile Internet business and fixed network business are growing. According to the latest data from the Ministry of industry and information technology, China’s total telecommunications business in 2021 reached 1.7 trillion yuan, an increase of 27.8% over the previous year China Telecom Corporation Limited(601728) business revenue totaled 1.47 trillion yuan, an increase of 8.0% over the previous year. More than 300 cities across the country started the construction of gigabit optical fiber broadband networks, and the investment in Internet broadband access increased by 40% over the previous year. In terms of total volume, mobile traffic consumption in 2021 is 23.6 times that in 2016. In 2021, mobile Internet traffic achieved a high growth rate of + 33.9% year-on-year. The scale of 5g infrastructure continues to expand. China has built and opened 1.425 million 5g base stations, covering all prefecture level cities and urban areas, more than 98% of County cities and 80% of township towns and townships in China.
The proportion of 5g users of the three major operators continued to rise, and the proportion of China’s mobile broadband service market continued to rise.
Soochow Securities Co.Ltd(601555) believes that the “counting from the east to the west” project has been fully launched, benefiting both supply and demand of operators. From the supply side, “counting from the east to the west” will accelerate cloud network collaboration and reduce the construction cost of the data center by relying on the advantages of low land, network and power costs and abundant energy consumption indicators in the western region. According to the announcements of the three major operators, by the end of 2020, China Telecom Corporation Limited(601728) idc has more than 420000 racks, 80% of which are deployed in four economically developed regions. About 22000, 28000 and 36000 new racks will be added from April to December 2021 and 2022 to 2023 respectively. The number of available racks of China Mobile at the end of 2020 and in 2021 is 260000 and 372000 respectively. As the main force of IDC construction, operators will continue to increase investment in data centers, and “counting from the east to the west” will drive operators and supporting industry players to continue to benefit. From the demand side, the state-owned asset cloud dominated by operators will accelerate its development. By the middle of 2021, Tianyi cloud’s revenue had reached 14 billion yuan and mobile cloud’s revenue had reached 9.721 billion yuan, with an increase of more than 100% Soochow Securities Co.Ltd(601555) believes that the digital transformation will continue to deepen, and the business development of operators dominated by mobile cloud and Tianyi cloud and state-owned cloud of central enterprises will be further accelerated with the promotion of the policy of “computing from the east to the west”.
