CT-CTEL@EC2601A(20507.HK)

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CT-CTEL@EC2601A
20507.HK
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The three major A-share indices of Shanghai and Shenzhen rebounded throughout the day by 1.3% to 2.2%, with aerospace and military stocks strengthening, while the three major telecommunications companies continued to weaken against the trend

The three major A-share indices rebounded throughout the day, with the Shanghai Composite Index rising 1.3% to 4,067 points, the Shenzhen Component Index rising 2.2% to 14,127 points, and the ChiNext Index rising 1.9% to 3,224 points. The central parity rate of the RMB against the US dollar was adjusted to 6.9608. The People's Bank of China conducted a reverse repurchase operation of 105.5 billion yuan, with a net withdrawal of 296.5 billion yuan for the day. Aerospace and military stocks performed strongly, with XI'AN TRIANGLE DEFENSE and others rising by 18%. Telecommunications stocks fell against the market trend, with China Mobile and others declining between 0.4% and 1.4%

AASTOCKS·
SH
601728
+1.59%
SH
600050
+1.25%
HK
00941
+1.34%
AASTOCKS·
SH
601728
+1.59%
SH
600050
+1.25%
HK
00941
+1.34%

Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Fourth Quarter of 2025 | CHT Stock News

Chunghwa Telecom Co., Ltd. reported its un-audited operating results for Q4 2025, with total revenue rising 0.5% to NT$ 65.65 billion. The Consumer Business Group saw a 5.9% revenue increase, while the Enterprise Business Group's revenue fell by 7.9%. Full-year revenue reached NT$236.11 billion, a 2.7% increase, with net income up 4.0% to NT$38.69 billion. The company achieved record high EPS of NT$4.99 for the year. Looking ahead, Chunghwa plans to enhance technology capabilities and expand into pre-6G opportunities, aiming for significant revenue growth in 2026.

StockTitan·
US
CHT
-0.17%
StockTitan·
US
CHT
-0.17%

Will the increase in VAT rates lead to price hikes for China Mobile, China Unicom, and China Telecom?

On February 1st, China Mobile, China Unicom, and China Telecom announced that the value-added tax rate would be adjusted from 6% to 9%, which will affect the company's revenue and profits. As a result of this news, on February 2nd, the stock prices of the three major operators collectively fell, with a total market value decrease of over 100 billion yuan. Analysts pointed out that the tax rate increase may compress post-tax net profits, thereby affecting dividends and shaking the valuation foundation of the operators

Wallstreetcn·
SH
600941
+3.11%
SH
515880
-3.04%
HK
00762
+0.14%
Wallstreetcn·
SH
600941
+3.11%
SH
515880
-3.04%
HK
00762
+0.14%

In "The Big Banks," CITIC Securities expects that the stock prices of Chinese telecommunications companies will be under pressure in the short term

CICC's report points out that due to the increase in value-added tax on telecommunications services by the Ministry of Finance and the State Administration of Taxation, the stock prices of Chinese telecommunications companies may be under pressure in the short term. Assuming operators do not pass the tax burden onto customers, the decrease in after-tax revenue will affect profits. CICC has lowered its revenue and net profit forecasts for China Mobile and China Telecom for 2026, while maintaining its estimates for 2025. In the short term, the market needs to digest the changes in tax policy and profit outlook, and the target price has been adjusted downward

AASTOCKS·
HK
00941
+1.34%
SH
600941
+3.11%
HK
00728
+0.40%
AASTOCKS·
HK
00941
+1.34%
SH
600941
+3.11%
HK
00728
+0.40%

The VAT rate jumps by 3 percentage points! The three major telecom operators are under short-term pressure; can new productive forces break the deadlock in the long term?

On January 30, 2026, China announced an increase in the value-added tax rate for the telecommunications industry from 6% to 9%. This policy will impact the revenue and profits of China Mobile, CHINA TELECOM, and CHINA UNICOM, leading to a significant drop in stock prices. The expected impact on the profits of the three major operators ranges from 5% to 32%, with revenues projected to decline by approximately 2.75%. Due to intense market competition, operators will find it difficult to pass on the revenue reduction pressure to users, resulting in a direct negative impact on net profits in the short term

Wallstreetcn·
SH
600050
+1.25%
HK
00941
+1.34%
SH
601728
+1.59%
Wallstreetcn·
SH
600050
+1.25%
HK
00941
+1.34%
SH
601728
+1.59%
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