Image source: Oriental IC
On the evening of March 23, China Mobile released its 2021 financial report. So far, the 2021 report cards of the three operators have all appeared, and it is particularly noteworthy that this is the first annual report released by China Telecom and China Mobile after the A-share listing.
Overall, all three operators performed well in 2021, all of which hit record highs in key financial metrics. China Unicom's revenue growth in 2021 hit a new eight-year high, reaching 327.9 billion yuan. China Mobile's net profit growth hit a 13-year high. China Telecom's performance was even more eye-catching, with an annual net profit growth of 24.5% in 2021, the highest value in 16 years.
The three operators achieved excellent performance in 2021 because "the fundamentals continue to improve and the growth of emerging services is outstanding", and the industrial digital business sector has become the main force driving operators' revenue growth.
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China Telecom
Won the first in revenue and net profit growth
Among the three operators, China Unicom's report card took the lead and released the 2021 annual performance announcement on March 11.
According to the data, in 2021, China Unicom's operating income reached 327.9 billion yuan, an increase of 7.9% year-on-year, a new high in eight years, and net profit reached 14.4 billion yuan, an increase of 15% year-on-year. According to China Unicom's self-expression, "the company's operating performance has grown steadily, and its profitability has increased rapidly."
On the day of China Unicom's official release of the 2021 financial report, China Telecom and China Mobile also "can't wait" to reveal the good news, and the 2021 and recent operating announcements show that both revenue and net profit indicators are quite good.
On March 17, China Telecom officially released its 2021 financial report, achieving the performance of "big two doubles", with double-digit growth in revenue and net profit. Specifically, in 2021, China Telecom achieved operating income of 439.6 billion yuan, an increase of 11.7% year-on-year; achieved a net profit of 25.948 billion yuan, an increase of 24.5% year-on-year. After the statistics of the "IT Times" reporter, it was found that the annual net profit growth rate of 24.5% hit the highest value in 16 years.
On the evening of March 23, China Mobile disclosed its 2021 performance, achieving operating income of 848.258 billion yuan in 2021, an increase of 10.4% year-on-year; net profit of 115.937 billion yuan, an increase of 7.5% year-on-year, which is the strongest annual report in ten years.
Judging from the financial report figures, China Telecom's revenue growth and net profit growth rate in 2021 are in the lead in the industry.
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Fundamentals continue to improve
In the personal mobile communications and fixed-line broadband sectors, the performance of the three operators is acceptable, driving the fundamentals to continue to improve.
In 2021, China Unicom's mobile business revenue will accelerate its growth and ITSPU value will accelerate its repair. According to the data, in 2021, China Unicom's mobile service revenue reached 164.1 billion yuan, an increase of 4.8% year-on-year, while 2020 increased slightly by 0.2%. In terms of fixed-line broadband services, China Unicom net increased by 8.95 million fixed-line broadband subscribers in 2021, a record increase in the company's annual net increase in user scale, while broadband access to ARPU remained basically stable, promoting fixed-line broadband business revenue to reach 44.8 billion yuan in 2021, an increase of 5.2% year-on-year.
In 2021, China Mobile reversed the downward trend in the personal market, and both the scale of mobile users and mobile ARPU achieved positive growth, thus driving positive growth in mobile business revenue. Data show that in 2021, China Mobile's revenue in the personal market reached 483.4 billion yuan, an increase of 1.4% year-on-year, while the previous year fell by 2.8% year-on-year. In 2021, China Mobile's household market revenue maintained rapid growth, reaching RMB100.5 billion, an increase of 20.8% year-on-year, and the value contribution from smart home applications increased significantly.
Whether it is in the field of personal mobile communications or the field of fixed network and smart home, in 2021, China Telecom has achieved the effect of "rising in quantity and quality", and the user scale and user value have been significantly improved, driving significant revenue growth.
From the perspective of the growth of mobile users, China Telecom has been the first in the industry for many years, and the same is true in 2021, with a net increase of 21.41 million mobile users, and the 5G penetration rate is also in the first place. Moreover, with the rapid development of special applications such as Tianyi Cloud VR, Cloud Games, Ultra HD, and Tianyi Cloud Disk, the value contribution has initially emerged. Driven by the combination of scale growth and value enhancement, China Telecom's mobile communication service revenue increased by 4.9% year-on-year to 184.2 billion yuan in 2021, exceeding the 3.5% increase in 2020.
China Telecom's overall performance in 2021
In terms of fixed network and smart home services, China Telecom achieved revenue of 113.5 billion yuan in 2021, an increase of 4.1% year-on-year, exceeding the 3.1% increase in 2020. It is worth noting that China Telecom is accelerating its expansion from the zhijia scene to the smart community and digital village.
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Industrial digitalization has become the main force of revenue growth
The 2021 financial report shows that the revenue structure of domestic operators is continuously optimized, and the digital income of the industry has become the main driving force for the income growth of labor operators. China Telecom's performance is particularly obvious, and the scale and market share of industrial digitalization are in the leading position in the industry.
According to the financial report data, in 2021, China Telecom's industrial digitalization revenue reached 98.945 billion yuan, approaching the 100 billion mark, an increase of 19.4% year-on-year. In contrast, China Telecom's industrial digitalization revenue in 2020 was 83.968 billion yuan, an increase of 9.7% year-on-year.
Growth of Various Business Segments of China Telecom in 2021
It can be seen that in 2021, China Telecom's industrial digital revenue growth will be more rapid and rapid. Among them, it is worth paying great attention to the fact that in 2021, China Telecom's Tianyi Cloud revenue doubled to RMB27.9 billion, an increase of 102% year-on-year, ranking first in the industry and maintaining a leading position in the government affairs public cloud market.
In 2021, Tianyi Cloud will develop rapidly
According to the data, in 2021, the contribution of China Telecom's industrial digitalization to incremental service revenue reached 51.6%, occupying "half of the country", an increase of 5.7 percentage points over the previous year. At the same time, the proportion of industrial digital revenue has reached 24.6%, an increase of 2.1 percentage points over the previous year. China Telecom is ambitious, and in the next three years, the proportion of industrial digital revenue will reach more than 30%.
According to China Mobile's financial report, in 2021, its digital transformation revenue reached 159.4 billion yuan, an increase of 26.3% year-on-year, accounting for 21.2% of the main business revenue, an increase of 3.1 percentage points over the previous year, and contributed 59.5% to the incremental main revenue, of which the mobile cloud revenue reached 242 yuan.
China Unicom said that the industrial Internet business has become the "first engine" to drive revenue growth. According to the data, China Unicom's industrial Internet revenue reached 12.1 billion yuan in 2021, an increase of 23% year-on-year.
Author/IT Times reporter Qian Lifu
Edit/Kick Girl
Typography / Ji Jiaying
Photo/ China Telecom China Unicom China Mobile Oriental IC
Source/IT Times public account vittimes