The Three Major Operators Announced The Latest Financial Reports: 5G Users Nearly 500 Million

According to news on August 20, China Mobile, China Telecom and China Unicom have announced their financial report data for the first half of the year. The three operators have a combined revenue of 827.048 billion yuan, a total net profit of 86.028 billion yuan, and an average daily net profit of 478 million yuan. However, this value is still slightly worse than Tencent. Tencent's net profit in the first half of the year was 90.354 billion yuan.

It is understood that China Mobile's revenue in the first half of the year was 443.637 billion yuan, a year-on-year increase of 13.8%; net profit was 59.118 billion yuan, a year-on-year increase of 6%. China Unicom's revenue was 164.174 billion yuan, a year-on-year increase of 9.2%; net profit was 9.17 billion yuan, a year-on-year increase of 21.1%. China Telecom's revenue was 219.237 billion yuan, a year-on-year increase of 13.1%, and its net profit was 17.743 billion yuan, a year-on-year increase of 27.2%.

In terms of 5G package users, China Mobile has 251 million users, with a penetration rate of 36.18%; China Unicom has 113 million users, with a penetration rate of 36.5%; China Telecom has 131 million users, with a penetration rate of 36.2%.

In terms of 5G base station construction, China Mobile built about 111,000 5G base stations in the first half of the year, and the cumulative number of 5G base stations has now reached 501,000. China Telecom and China Unicom have built 80,000 new shared 5G base stations, and the goal for the whole year is to add 320,000 more. As of the end of June, the total number of domestic 5G base stations reached 961,000, covering major cities in major provinces and cities, and gradually infiltrating counties and towns.

Among the three major operators, China Mobile still ranks first in all aspects and is far ahead of the other two. Its revenue is twice that of China Telecom and 2.7 times that of China Unicom. Net profit was 3.3 times and 6.5 times that of the other two companies. The number of 5G package users is even more than the sum of the two companies. I have to say that China Mobile is a bit strong.

 

From the data, we can find that the penetration rate of 5G package users of the three major operators has reached more than 36%, which is equivalent to one 5G package user in every three people. This growth and penetration rate is still quite fast. However, the current 5G package tariffs are too high, which is still the biggest obstacle to the promotion of 5G. It is hoped that the price of 5G packages and the cost of traffic can be further reduced in the future.

 

Since the Ministry of Industry and Information Technology issued 5G licenses in 2019, it took only two years for domestic 5G commercial use to achieve such results. It can be seen that consumers' acceptance of 5G is still quite high, and the country's investment in 5G construction is also very large. According to the plan formulated by relevant departments, the coverage of 5G base stations will continue to be expanded in the future, 5G package tariffs will be reduced, and 5G application scenarios will be popularized.

 

It is foreseeable that the domestic 5G construction speed will be faster in the next two years, and the experience will be comprehensively improved. Small partners who have not yet used 5G can really consider replacing them.