CI-CUNI@EC2604A(21003.HK)

Company Encyclopedia

CI-CUNI@EC2604A

21003.HK

Shareholder

Ownership	%Owned	Share Chg	Report Date
No Data

News

China Space and Time collaborates with operators to launch Beidou SMS services

According to China Space and Time Information Group, recently, China Space and Time has partnered with the three major telecommunications operators to launch the Beidou SMS service. Based on the service capabilities of China Space and Time, China Mobile, China Telecom, and China Unicom all support the Beidou SMS service. (CCTV)

Wallstreetcn·Yesterday at 21:18

Wallstreetcn·Yesterday at 21:18

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·02/03/2026 12:26

Wallstreetcn·02/03/2026 12:26

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·02/02/2026 18:04

Wallstreetcn·02/02/2026 18:04

The three major A-share indices of Shanghai and Shenzhen fell by 2.5% to 2.7% throughout the day, with telecommunications, oil, gold, and semiconductor stocks all under pressure

The three major A-share indices fell by 2.5% to 2.7% throughout the day. The mainland manufacturing PMI dropped to 49.3, and the non-manufacturing PMI also fell to 49.3, hitting a three-year low. The People's Bank of China conducted a reverse repurchase operation of 75 billion yuan, and the central parity rate of the yuan against the US dollar was lowered to 6.9695. The Shanghai Composite Index closed down 102 points, the Shenzhen Component Index fell 381 points, and the ChiNext Index dropped 82 points. Telecommunications, oil and gold, and semiconductor stocks were generally under pressure, Vanke expected an expanded loss, and the stock prices of the three major telecommunications companies declined

AASTOCKS·02/02/2026 15:26

AASTOCKS·02/02/2026 15:26

UBS: The increase in value-added tax for mainland telecom operators is estimated to impact the profits of China Mobile, China Telecom, and China Unicom by 9%, 18%, and over 18%, respectively

The UBS report pointed out that the value-added tax for the three major telecommunications operators in mainland China will be raised from 6% to 9% starting January 1, 2023. This move is expected to have a significant negative impact on the profits of China Mobile, China Telecom, and China Unicom, affecting net profits by approximately 9%, 17.9%, and 18.2%, respectively. The bank anticipates that this adjustment will reduce the service revenue of telecommunications operators by about 1.5% to 2%. The three major telecommunications operators will strive to improve operational efficiency, focus on high-quality development, and accelerate the transition to artificial intelligence and cloud services to cope with the impact of the tax rate increase

AASTOCKS·02/02/2026 14:34

AASTOCKS·02/02/2026 14:34