CHINA TELECOM's revenue in 2024 increased by 3.1% year-on-year, Asia Vets revenue surged twofold, capital expenditure decreased by 5.4% year-on-year, and AI and quantum technology became the focus of the Global Strategy | Earnings Reports insights.

CHINA TELECOM's revenue and net profit steadily grew in 2024, with new Business showing impressive performance; Asia Vets revenue surged nearly twofold, while Tianyi Cloud, Datacenter, and video networking revenues all achieved double-digit growth. By the end of the reporting period, CHINA TELECOM's own and accessed smart computing power reached a total of 62 EFLOPS, significantly enhancing competitiveness in the intelligent computing field. The total amount of dividends distributed for the year increased by 11.4% year-on-year. There is a commitment to gradually increase the cash dividend ratio to over 75% within three years.

wallstreetcnMar 25 17:40

The signal for price increase in cloud-based services has appeared, signaling the start of an upward cycle in computing power.

With the gradual release of deep thinking models such as Deepseek R1 and openAI o1/o3, the demand for high-performance computing on the inference side is rapidly being unleashed, leading to a rapid expansion of Capex by major companies like Alibaba and Tencent, with a quarterly capital expenditure increase of over 250% in Q4 2024, marking the formal entry of the cloud upstream into a new upward cycle.

Guosheng SecuritiesMar 24 11:06

CHINA MOBILE earnings conference call: aims to become the Taiwan Semiconductor in the AI field, increasing the scale of AI investments.

Faced with the slowdown in the Global telecommunications Industry, CHINA MOBILE is fully transforming into an information services Technology innovation company, now targeting not only Global operators, but also Global Technology innovation companies. The company has established the "AI + Action Plan" to build AI capabilities centered around the "Nine Sky" large model, accelerating the construction of computing power infrastructure, with plans to increase the proportion of computing power investment to 25% by 2025. Amid the AI boom triggered by DeepSeek, the company’s GPU utilization has tripled, and mobile cloud is expected to grow well next year. For investors, the company plans to raise the dividend payout ratio to over 75% by 2026.

wallstreetcnMar 21 07:07

CHINA MOBILE's capital expenditure slightly decreased, with computing power still being one of the main investment directions, which will drive the popularization of MaaS.

① In 2024, the free cash flow is 151.7 billion yuan; ② CHINA MOBILE launched ultra-large-scale intelligent computing centers in Hohhot and Harbin in 2024, with a layout covering 40 AI models in the Energy, Transportation, Medical, and Education Industries; released the CHINA MOBILE AI intelligent assistant Lingxi Intelligence; ③ By the end of December 2024, the total number of clients for its "AI products" reached 0.19 billion.

cls.cnMar 20 18:41

In 2024, CHINA MOBILE's revenue increased by 3.1% year-on-year, with total capital expenditure of 164 billion yuan.

In 2024, CHINA MOBILE achieved growth in both revenue and Net income, and overall performance remained stable. The results of digital transformation were significant, with the proportion of Communications Services revenue further rising to over 31%, becoming an important engine for the company's growth.

wallstreetcnMar 20 17:31

Express News | CHINA MOBILE: The operating revenue for 2024 is expected to be 1,040.8 billion yuan, a year-on-year increase of 3.1%.

BreakingsMar 20 16:37