<p>The three major Chinese telecommunications companies have stated that starting this year, the scope of value-added tax (VAT) on telecommunications services has been adjusted, with the corresponding VAT rate increased from 6% to 9%, which is expected to impact revenue and profits.</p>
<h2>Applicable Tax Items Adjusted</h2>
<p>The three telecommunications companies pointed out that starting this year, business activities in the domestic market that provide mobile data services, SMS and MMS services, and internet broadband access services using fixed networks, mobile networks, satellites, and the internet will have their applicable tax items adjusted from &#34;value-added telecommunications services&#34; to &#34;basic telecommunications services,&#34; with the corresponding VAT rate adjusted from 6% to 9%.</p>
<h2>China Mobile: Striving to Strengthen, Optimize, and Expand Business</h2>
<p>China Mobile (941) stated that it will adhere to its main responsibilities and core business, striving to strengthen, optimize, and expand telecommunications services, computing power services, and intelligent services, insisting on strengthening the network foundation, promoting full-stack innovation, deepening lean management, improving quality and efficiency, and accelerating the construction of a world-class technology service enterprise.</p>
<h2>China Unicom: Creating Differentiated Advantages</h2>
<p>China Unicom (762) pointed out that it will adhere to integrity and innovation, maintain its main responsibilities and core business, focus on connectivity, computing power, services, and security core tracks, fully create differentiated advantages, further enhance operational efficiency, and promote the company's high-quality development steadily and sustainably.</p>
<h2>China Telecom: Comprehensively Advancing AI+ Actions</h2>
<p>China Telecom (728) stated that it will fully implement the cloud transformation and digital intelligence strategy, accelerate the construction of technology-based enterprises, comprehensively advance AI+ actions, continuously create an integrated intelligent cloud service of &#34;computing power + platform + data + model + application,&#34; accelerate the cultivation and development of new momentum, promote quality improvement, cost reduction, and efficiency enhancement, and continuously advance the high-quality development of the enterprise</p>

00941

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600941

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<p>The three major Chinese telecom operators announced that starting this year, the value-added tax on telecom services will be raised from 6% to 9%, which is expected to impact revenue and profits. China Mobile stated it will focus on communication services and innovation; China Unicom emphasized differentiated advantages and high-quality development; China Telecom will promote its AI+ strategy and smart cloud services to enhance operational efficiency and drive business growth</p>

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CHINA MOBILE

CHINA TELECOM

China Mobile

CHINA UNICOM

China Unicom

The value-added tax on telecommunications services for the three major Chinese telecom operators has been raised to 9%, which is expected to impact revenue and profits