With the disclosure of China Mobile’s annual report, the three major basic telecom operators’ 2021 annual results have all been released.
In 2021, the three major operators will achieve a total revenue of 1.61 trillion yuan, with a total revenue of over 1.6 trillion yuan and a net profit of about 156.5 billion yuan. The average daily profit is about 435 million yuan.
With the continuous coverage of 5G networks in China, 5G users are also growing steadily. The total number of 5G package users of the three major operators has reached 730 million, of which China Mobile 5G package users The largest number is 387 million, China Telecom is 188 million, and China Unicom is 155 million.
Comparing the three major operators, the giant China Mobile is far ahead in both revenue and net profit. China Mobile’s revenue was 848.258 billion yuan, accounting for 52% of the three operators’ total revenue; net profit was 116.14 billion yuan, accounting for 74% of the three operators’ total profits.
The annual revenue of the three companies exceeds 1.6 trillion yuan, and the daily profit is 435 million yuan
The financial report shows that China Telecom’s operating revenue in 2021 is 434.1 billion yuan , an increase of 11.3% year-on-year, and a net profit of 26.15 billion yuan, a year-on-year increase of 24.02%.
China Mobile’s 2021 revenue is 848.25 billion yuan, a year-on-year increase of 10.4%; its net profit is 116.14 billion yuan, a year-on-year increase of 7.7%.
China Unicom’s 2021 revenue is 327.9 billion yuan, a year-on-year increase of 7.9%; its net profit is 14.4 billion yuan, a year-on-year increase of 15%.
According to calculations, the three major operators will have a revenue of about 1,610.26 billion yuan in 2021, a net profit of about 156.5 billion yuan, and an average daily profit of about 435 million yuan.
Comparing the three major operators, China Mobile is far ahead in both revenue and net profit. China Mobile’s revenue was 848.258 billion yuan, accounting for 52% of the three operators’ total revenue; net profit was 116.14 billion yuan, accounting for 74% of the three operators’ total profits.
5G network construction enters deep water area, 5G users grow steadily
With the further coverage of the 5G networks of the three major operators, the penetration rate of 5G users will further increase. According to the statistics of the three major operators, by the end of 2021, there will be 730 million 5G users in China, maintaining rapid growth.
China Telecom will reach 372 million mobile users and 188 million 5G package users in 2021, with a penetration rate of 50.4%.
China Unicom will have approximately 317 million mobile users in 2021, with a cumulative annual net increase of 11.3 million, and approximately 155 million 5G package users, with an annual cumulative net increase of 84.1 million. The penetration rate of 5G packages will reach 48.9%.
5G users are still in a period of rapid growth. According to the statistics of the three operators, in 2020, China Telecom will have 86.5 million 5G users, China Mobile will reach 165 million, and China Unicom will have 7,000. In 2020, there were 321 million 5G users. In 2019, the number of 5G users was limited due to the beginning of commercial use of 5G.
In the past year, the three major operations Businesses are promoting 5G network construction.
China Mobile’s annual report announcement shows that China Mobile’s 5G-related investment in 2021 will be 114 billion yuan, and a total of over 730,000 5G base stations have been opened, of which 700MHz There are 200,000 5G base stations, basically achieving continuous coverage in urban areas, counties, and towns, and good coverage in some key areas, developed rural areas, and key property sites.
China Telecom’s annual report announcement shows: As of the end of December 2021, the number of 5G base stations in use exceeds 690,000, and the 5G network covers all cities and counties and some developed towns and towns across the country. In 2021, China Telecom has completed a total capital expenditure of 86.7 billion yuan, of which 5G investment is 38 billion yuan, and the industry is digitized An investment of 17.3 billion yuan.
China Unicom said that it will continue to cooperate with China Telecom to open 310,000 5G base stations, and the two parties have opened a total of 690,000 base stations. Both parties share 4G base stations66 10,000 stations.
According to the data of the Ministry of Industry and Information Technology, by the end of 2021, China has built and opened a total ofThere are 1.425 million 5G base stations, and the world’s largest 5G network has been built, covering all prefecture-level cities, more than 98% of counties, and 80% of towns and towns across the country.
The focus of the three major operators’ capital expenditures in 2022 is 5G network construction.
China Mobile said that the total capital expenditure in 2022 is expected to be 185.2 billion yuan, of which 5G-related capital expenditure is about 110 billion yuan.
China Telecom said that it expects to use more than 990,000 5G base stations by the end of the year, and the capital expenditure is expected to be 34 billion yuan. Among them, China Telecom will build 170,000 5G base stations to continuously improve the depth and breadth of 5G coverage. At the same time, it will also actively promote the co-construction and sharing of multi-operator inter-network roaming.
China Unicom said in its recent earnings conference call that China Unicom plans to complete the large-scale construction of 5G networks in about three years, and will moderately increase capital expenditure in 2022 , keeping capex growth in line with revenue growth. The company expects a slight increase in capital expenditure in 2022, of which 5G investment may remain flat, focusing on increasing investment in “East and West”.
Digital transformation and other businesses have become new growth drivers
As the society promotes digitalization and informatization construction, it has driven the growth of telecom operators’ digital business. While the telecom business maintained growth, the proportion of emerging businesses increased significantly.
China Mobile’s financial report data shows that in 2021, digital transformation revenue will reach 159.4 billion yuan, a year-on-year increase of 26.3%, and its contribution to the incremental communication service revenue will reach 59.5%. The number one driver of company revenue growth.
China Mobile also said that the company’s revenue growth has broken out of the inflection point, and the “second curve” of digital transformation revenue is leading the company to expand in the blue ocean of information services market space.
China Telecom’s annual report shows that in 2021, the revenue of industrial digital business will reach RMB 98.9 billion, a year-on-year increase of 19.4%, and the growth rate is significantly higher than that in 2020.
China Unicom’s industrial Internet business revenue in 2021 will increase by 28.2% year-on-year to 54.8 billion yuan, accounting for the majority ofThe operating income ratio reached 18.5%. Among them, the revenue of “Unicom Cloud” was RMB 16.3 billion, a year-on-year increase of 46.3%. The big data revenue was 2.6 billion yuan, a year-on-year increase of 48.7%, and the market share remained the first among telecom operators for three consecutive years. IoT revenue was RMB 6 billion, a year-on-year increase of 43%.