The data for the third quarter is released. Are the three major operators standing still or running out of "acceleration"?
Judging from the published data,
the three major operators performed well in the first three quarters, and the
overall development of the industry is improving. In the first three quarters,
China Mobile continued to lead the three operators with revenue of 648.6
billion yuan, an increase of 12.9%.
Recently, the three major operators have successively
announced the third quarter financial reports. Judging from the published data,
the three major operators performed well in the first three quarters, and the
overall development of the industry is improving. In the first three quarters,
China Mobile continued to lead the three operators with a revenue of 648.6
billion yuan, an increase of 12.9%. China Telecom achieved double-digit
double-digit growth with revenue of 326.536 billion yuan, an increase of 12.3%,
net profit of 22.709 billion yuan, and a 17.3% increase. China Unicom also
ranked first among the three companies with a 43% penetration rate of 5G
packages. Not only that, the total of the three major operators in terms of net
profit has exceeded 100 billion yuan.
China's 5G package users break 600 million, and mobile
ARPU continues to rise
A week ago, the Ministry of Industry and Information
Technology announced the "Economic Operation of the Communications
Industry in the First Three Quarters of 2021." The report shows that as of
the end of September, the total number of mobile phone users of the three basic
telecommunications companies reached 1.64 billion, a net increase of 41.85
million from the end of the previous year. Among them, the number of 5G mobile
phone terminal connections reached 445 million, a net increase of 247 million
from the end of the previous year.
In terms of users, as of September 30, 2021, China Mobile’s
total number of mobile customers was approximately 956 million. In the third
quarter, there were a net increase of 10.2 million mobile customers. The number
of mobile customers continued to grow; 5G package customers reached 331
million, 5G The number of online customers reached 160 million, and the
customer structure continued to be optimized. In the first three quarters,
China Telecom’s mobile subscribers increased by 18.64 million, continuing to
lead the industry, reaching 370 million. 5G package subscribers had a net
increase of 69.04 million, reaching 156 million, with a penetration rate of
42.1%; similarly, China Unicom was in the lead. In the third quarter, there was
a net increase of 9.742 million mobile billing users to 315553 million, and a
net increase of 66.115 million users of 5G package to 136945 million. From the
data disclosed by the three companies, we can ascertain that China's 5G package
users have exceeded 600 million.
In addition, thanks to the accelerated development of 5G, it
has effectively boosted the ARPU of mobile billing users. It is reported that
China Mobile's mobile Internet traffic reached 90.8 billion GB in the first
three quarters, a year-on-year increase of 39.1%, and the mobile Internet DOU
exceeded 12 GB. In the first three quarters, mobile ARPU was RMB 50.1, a
year-on-year increase of 2.6%; China Telecom’s total mobile Internet traffic in
the first three quarters increased by 39.3% year-on-year, and mobile user ARPU
was RMB 45.4, which continued to grow over the same period last year; China
Unicom’s mobile billing users ARPU increased by 6.3% year-on-year to RMB 44.3.
Revenue from mobile main business was RMB 123.324 billion, an increase of 5.8%
over the same period last year. The three operating ARPUs continue to rise,
proving that the industry is sending us a positive signal.
Two lines in the 2B2C field, with outstanding achievements
in family, government and enterprise affairs
In March of this year, the Ministry of Industry and
Information Technology issued the "Dual Gigabit Network Coordinated
Development Action Plan (2021-2023)" which aroused strong public concern
and brought a three-year "window period" for dual Gigabit. The
"Action Plan" clearly plans that by the end of 2021, the gigabit
optical fiber network will have the capacity to cover 200 million households,
and more than 600,000 5G base stations will be added. The three operators
continue to output and make great strides in implementing the "dual
gigabit" network coordinated development action plan.
In terms of home business, China Telecom focuses on
full-scenario digital life, leverages the advantages of cloud and network
integration, and creates a "three gigabit" high-quality universal
connection service of 5G + optical bandwidth + WiFi6. In the first three
quarters, China Telecom’s fixed-line and smart home service revenue reached RMB
85.498 billion, a year-on-year increase of 4.7%. Wired broadband users
increased by 9.11 million to 168 million, and broadband access revenue reached
RMB 56.896 billion, a year-on-year increase. 6.8%, the broadband access ARPU
reached RMB 38.8, which maintained a rebound from the same period last year.
Smart home income increased by 30.3% year-on-year, driving the comprehensive
broadband ARPU to RMB 46.1, a year-on-year increase of 4.5%.
China Mobile insists on quality-driven broadband leadership,
content-driven TV leadership, and application-driven smart home leadership,
maintaining a double increase in household market volume. As of September 30,
2021, the total number of China Mobile's wired broadband customers reached 235
million, with a net increase of 25.03 million in the first three quarters, of
which 21.64 million household broadband customers were added. In the first
three quarters, the wired broadband ARPU was RMB 34.8. This was a year-on-year
increase of 7.3%, and the comprehensive household broadband ARPU was RMB 39.8,
a year-on-year increase of 10.7%.
China Unicom has also continued to consolidate the core
capabilities of the smart community and smart Wojia platform, promote the
digital rural service cloud platform, and continuously strengthen the
differentiated competitiveness of broadband services. In the first three
quarters of 2021, China Unicom's fixed-line broadband subscribers increased by
6.903 million, reaching 92.998 million. Revenue from fixed-line broadband
access reached RMB 33.341 billion, an increase of 3.9% over the same period
last year.
Not only in the ToC field, the three major operators have
also achieved "acceleration" on the ToB track. In terms of government
and corporate affairs, China Telecom deeply integrates digital economy elements
and emerging information technologies, and encapsulates atomic capabilities
with 5G, Tianyi Cloud and security as the core, stimulating strong market
demand, 5G business models continue to be enriched and mature, and benchmark
projects are widely replicated ; China Mobile has also continued to promote the
integrated development of "cloud + network + DICT" in government and
enterprise affairs, and the government and enterprise market has a strong
growth momentum. In the first three quarters, China Mobile’s DICT business
revenue reached RMB 48.9 billion, maintaining rapid growth; China Unicom seized
the needs of economic and social digitization, networking, and intelligent
transformation, and actively leveraged its resource endowment advantages to
continue to empower government, enterprise, and family customers , To promote
the pan-integrated development of innovative business and basic business. It is
reported that in the first three quarters, China Unicom's fixed-line main
business revenue reached RMB 97.146 billion, an increase of 9.1% over the same
period last year.
Digital intelligence innovation and development "top
the lead", new business has become a new point of force
It is worth noting that in the financial reports announced
by the three operators, words such as digital intelligence, innovative
technology, and technological innovation appear very frequently. With the
blessing of 5G, traditional communication services alone no longer meet the
operators' development strategies. In recent years, the development of new
services has gradually become a new force for operators to transform and
develop.
In the first three quarters of 2021, the digital business of
China's telecommunications industry maintained rapid growth, with revenue
reaching RMB 74.09 billion, a year-on-year increase of 16.8%, and revenue scale
and market share remained industry-leading. In the first three quarters, China
Telecom’s R&D expenses were 2.937 billion yuan, an increase of 29.7% over
the same period last year. The main reason was that the company strengthened
technological innovation, increased the introduction of high-tech talents, and
strengthened the research and development of core technologies such as cloud
network integration and 5G. It is reported that China Telecom will take the
A-share listing as an opportunity to push the "cloud to data transfer"
strategy in depth, expand comprehensive intelligent information services with
customers as the center, promote key technological breakthroughs and new
generation technology reserves, and build core technological innovation
capabilities. And seize the current period of important strategic
opportunities, strive to transform the development and growth mode, and build
it into a service-oriented, technology-oriented and safe-oriented enterprise.
In the first three quarters, facing the complex internal and
external environmental challenges, China Mobile firmly grasped the opportunity
of accelerating the development of economic and social digital transformation,
and in accordance with the overall deployment of the development strategy of
creating a world-class "power building", the overall business
performance was improved and the industry's leading position was solid.
Maintain high-quality development. In the last quarter, China Mobile will
continue to follow the strategic deployment of creating a world-class "power
building", promote digital and intelligent transformation, achieve
high-quality development, and achieve good growth in revenue from
communications services throughout the year.
In the field of innovative business, China Unicom takes
digital innovation as the lead, develops in-depth and thorough application
products in key industries, and creates a differentiated competition of
5G+ABCDE (artificial intelligence, blockchain, cloud computing, big data, edge
computing) integration and innovation Advantages: Build an innovative business
capability system, centering on capability platformization, R&D intensive,
product standardization, and integrated delivery independence, and build
independent capabilities to create unique innovative competitive advantages in
the digital economy era. In the first three quarters of 2021, China Unicom's
industrial Internet business revenue was RMB 40.925 billion, an increase of
25.3% over the same period last year. In the future, China Unicom will fully
unleash its endowment advantages in the mixed-reform and aggregate industrial
ecology and lead digital transformation. Through the two-wheel drive of market
and innovation, China Unicom will focus on improving the service capabilities
of new generation information infrastructure construction, further improving
the level of market-oriented operations, and accelerating digital
transformation. Steps to comprehensively shape the new advantages of
differentiated development, and strive to achieve a new leap in high-quality
development.