---
title: "Morgan Stanley lists the first quarter performance forecasts for Chinese telecommunications stocks (Table)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283103643.md"
description: "Morgan Stanley released its performance forecast for Chinese telecommunications stocks for the first quarter of 2023, expecting China Mobile's net profit to be CNY 28.079 billion, a year-on-year decrease of 8.3%; China Unicom's net profit to be CNY 5.055 billion, a decrease of 14.7%; China Telecom's net profit to be CNY 7.33 billion, a decrease of 17.3%; and China Tower's net profit to be CNY 3.926 billion, an increase of 29.8%. In terms of revenue, China Mobile is expected to generate CNY 260.859 billion, a decrease of 1.1%; China Unicom CNY 103.354 billion, flat; China Telecom CNY 134.143 billion, a decrease of 1.0%; and China Tower CNY 25.137 billion, an increase of 1.5%"
datetime: "2026-04-17T06:46:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283103643.md)
  - [en](https://longbridge.com/en/news/283103643.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283103643.md)
---

# Morgan Stanley lists the first quarter performance forecasts for Chinese telecommunications stocks (Table)

Morgan Stanley released a report indicating the performance forecasts for Chinese telecommunications stocks in the first quarter:

Stock │ First Quarter Net Profit Forecast (RMB) │ Year-on-Year Change

China Mobile (00941.HK) │ 28.079 billion │ -8.3%

China Unicom (00762.HK) │ 5.055 billion │ -14.7%

China Telecom (00728.HK) │ 7.33 billion │ -17.3%

China Tower (00788.HK) │ 3.926 billion │ +29.8%

\-----------------------------------------------------------

Stock │ First Quarter Revenue Forecast (RMB) │ Year-on-Year Change

China Mobile │ 260.859 billion │ -1.1%

China Unicom │ 103.354 billion │ 0%

China Telecom │ 134.143 billion │ -1.0%

China Tower │ 25.137 billion │ +1.5%

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