CHINA TELECOM(601728) 证券日报之声·2025-04-25 12:12Core Insights - China Telecom reported a revenue of 134.5 billion yuan for Q1 2025, with service revenue at 124.7 billion yuan, showing a year-on-year growth of 0.3% and a quarter-on-quarter increase of 4.6% [1] - The net profit attributable to shareholders was 8.9 billion yuan, reflecting a year-on-year increase of 3.1%, with basic earnings per share at 0.10 yuan [1] - The company is focusing on digital technology trends, upgrading mobile networks to 5G-A, and enhancing product and service offerings through AI, satellite, and quantum technologies [1] Revenue Breakdown - IDC revenue reached 9.5 billion yuan, marking a year-on-year growth of 10.4% [2] - Smart revenue surged by 151.6%, while video network revenue increased by 58.4% [2] - Satellite communication revenue grew by 37.2%, and quantum revenue saw an increase of 81.1% [2] Cost and Expenses - Operating costs for Q1 2025 were 94.9 billion yuan [2] - Sales expenses decreased by 3.9% to 13.6 billion yuan, while management expenses rose by 4.7% to 10.4 billion yuan [2] - R&D expenses increased by 11.5% to 1.8 billion yuan, reflecting the company's commitment to technology innovation in key areas [2] Business Performance - The mobile communication business showed steady growth, with 5G network users reaching 270 million, resulting in a penetration rate of 62.0% [1] - Mobile internet traffic increased by 14.2%, with the average data usage per user (DOU) at 20.4 GB, up by 9.1% [1] - Fixed-line and smart home services also experienced good growth, with gigabit broadband penetration at approximately 30% and smart home revenue increasing by 11.5% [1]