The revenue and profits of the three major operators have skyrocketed.

Will employee income rise simultaneously? What to do with employees. The three major operators are all central enterprises, all under the control of the State-owned Assets Supervision and Administration Commission of the State Council to implement the "dual control" policy-that is, control both the number of employees and the total compensation. Therefore, the condition for achieving a salary increase is to increase the total salary while maintaining or reducing the number of employees.

 

Recently, the three major operators have successively released their third-quarter performance reports, and the transcripts are very beautiful——

 

China Mobile: revenue of 648.6 billion yuan, a year-on-year increase of 12.9%; net profit of 87.2 billion yuan, a year-on-year increase of 6.9%.

 

China Unicom: revenue of 244.4 billion yuan, a year-on-year increase of 8.5%; net profit of 12.9 billion yuan, a year-on-year increase of 19.4%.

 

China Telecom: revenue of 326.5 billion yuan, a year-on-year increase of 12.3%; net profit of 23.3 billion yuan, a year-on-year increase of 24.7%.

Looking at the growth rate of China Telecom's revenue and net profit, who would have thought that this was the performance of a company that was extremely despised by the capital market?! This is simply the performance of an Internet star company!

As a result, some employees will start to look forward to whether our salary levels that have been sluggish for many years can be moved?

 

Today we will analyze this topic.

 

First of all, the three major operators are all central enterprises, all under the control of the State-owned Assets Supervision and Administration Commission of the State Council to implement the "dual control" policy-that is, control both the number of employees and the total compensation. Therefore, the condition for achieving a salary increase is to increase the total salary while maintaining or reducing the number of employees.

 

The total annual employee remuneration and the number of staff establishments of central enterprises are clearly issued at the beginning of the year. Under normal circumstances, there will be no change. Use it for incentives, usually in year-end bonuses or quarterly bonuses.

 

So this year, China Mobile, China Telecom, and China Unicom will win additional bonuses from the SASAC by virtue of their outstanding performance this year? The SASAC assesses whether a central enterprise is outstanding and does not look at this enterprise or industry in isolation. Put it in the camp of the entire central enterprise for comparison.

 

So is the performance of the three major operators today considered excellent in the central enterprise camp?

 

We can compare it-

According to data released by the State-owned Assets Supervision and Administration Commission not long ago, in the first three quarters of this year, 96 state-owned enterprises achieved a cumulative operating income of 26.2 trillion yuan, a year-on-year increase of 23.9% and an increase of 18.3% from the same period in 2019. In terms of net profit, in the first three quarters, central enterprises achieved a cumulative net profit of 1,512.96 billion yuan, a year-on-year increase of 65.6% and a year-on-year increase of 43.2%.

 

In comparison, the revenue of central enterprises increased by 23.9% year-on-year, China Mobile's revenue increased by 12.9% year-on-year, China Telecom's 12.3%, and China Unicom's 8.5%, both of which lag far behind the average level of central enterprises.

 

Looking at the net profit situation again, the net profit of central enterprises increased by 65.6% year-on-year, China Mobile's net profit increased by 6.9% year-on-year, China Telecom was 24.7%, and China Unicom was 19.4%, which also lags far behind the average level of central enterprises.

 

So, to be honest, among the 96 central enterprises, the three major operators are really not so good, and their performance is really hard to get ahead of their peers.

 

Against this background, I don't think there is any need to expect the SASAC to add incentive bonuses during the year. Therefore, employees who hope that their salaries will rise sharply this year can put aside such thoughts as soon as possible and live down to the ground.

 

Of course, the group companies of the three major operators should no longer withhold bonuses this year. After all, good performance does not fall from the sky. It depends on the bottom employees to come back from one customer to one customer. It is really unreasonable to intercept bonuses this year.