Three telecom operators discuss the blue ocean of digital economy "5G+ Industrial Internet" and open up a new track for revenue increment.

"From the blue ocean of digital economy to the latest progress of 5G news" and "from the direction of company transformation to the recent stock price performance", three major telecom operators, China Telecom, China Unicom and China Mobile, recently answered the topics that investors are concerned about at the performance briefing.

165438+1On October 30th, China Mobile shared the latest progress of 5G news in the third quarter of 2022. In the first half of the year, 5G messages focused on accelerating the application of special scenes such as epidemic prevention and campus, and sent more than 40 million epidemic prevention messages. In the next step, 5G messages will continue to promote industrial collaboration and accelerate the guidance of terminal support.

China Telecom revealed that it is expected that in the next 1 to 2 years, the scale of 5G investment will decrease steadily in recent years, and the proportion of industrial digital investment will increase; China Unicom called for "investing in China Unicom is investing in the future".

Generous dividends are expected to continue.

Recently, the concept of "Chinese prefix" is active, and the investment value and stock price performance of the three major telecom operators have become an important topic of concern to investors.

"Recently, the company's share price trend is improving. Considering the impact of dividends, the share price of A shares has risen by more than 10% since the low point in August, and H shares have risen by nearly 30% compared with the beginning of the year. " Li, executive vice president, chief financial officer and secretary of the board of directors of China Telecom, said at the performance briefing that the company is full of confidence in the prospect of digital economy and the company's long-term development, and believes that the future market can fully reflect and recognize the company's performance and development.

Liu Liehong, Chairman of China Unicom, appealed at the performance briefing on June 29th 165438 that the telecom industry is upgrading in an all-round way on the new track of digital economy, and the valuation model needs to be reshaped with the times.

The dividend returns of the three major telecom operators highlight their investment value.

Li Ronghua, executive director and chief financial officer of China Mobile, calculated an account for investors: "The company began to pay dividends in 2002, and the dividend rate has increased steadily for a long time, with the accumulated dividend exceeding HK$ 65,438+0.65,438+0 trillion. The interim dividend in 2022 is HK$ 2.20/share, up 34.9% year-on-year, and the annual dividend payout ratio will further increase compared with the previous year (the cash dividend rate in 20021year is 60%). "

China Telecom also said that it increased its interim dividend for the first time this year. In the first three quarters of 2022, cash dividends were distributed in 20021year and in the middle of 2022, totaling 26.5 billion yuan, an increase of 2 14.5% compared with 202 1 in the same period, reaching 60% of the net profit attributable to shareholders of the company in the current period.

The three major telecom operators will continue to pay high dividends. According to Li Ronghua, in 2023, the profits distributed by China Mobile in cash will gradually increase to more than 70% of the profits due to the company's shareholders in that year. Li said that in the future, China Telecom will actively fulfill its promise that the dividend rate will reach more than 70% within three years after A-share listing, and share the development achievements with investors.

Chris Lee, chief financial officer and secretary of the board of directors of China Unicom, said that with the continuous improvement of the company's profitability and the increasing return of shareholders, he also hoped to share the value dividend of the company's long-term development with investors who have held shares in the company for a long time.

Expand the space of income appreciation

At this performance briefing, the blue ocean of digital economy has become a topic of common concern for investors of the three major telecom operators. At present, the blue ocean of digital economy is gradually being realized.

Shao Guanglu, executive director, president and chief operating officer of China Telecom, said at the performance briefing that the company actively promoted the deep integration of digital economy and real economy, focusing on 20 application scenarios of 5G industry, such as industrial vision, production site monitoring, remote equipment control and factory intelligent logistics. In the first three quarters of 2022, the digital revenue of China telecom industry reached 85.6 billion yuan, up by 16.5% year-on-year. "In the future, the company will continue to seize the development opportunity of digital economy, comprehensively promote the strategy of changing from cloud to digital, and accelerate the expansion of industrial digital market".

"At present, the demand for IDC, cloud computing and computing power is strong, and the industrial digital business has become the first growth driver of the company's revenue." China Telecom said that the company will moderately increase the investment related to industrial digitalization and strengthen the future development momentum. It is estimated that the scale of 5G investment will decrease steadily in recent years in the next 1 2 years, and the proportion of industrial digital investment will increase, and the ratio of capital expenditure to income will fall below 20% in 2025.

"We believe that the new development of China Unicom in the field of digital economy is sustainable." Liu Liehong said that in the face of the new development of the blue ocean of digital economy, China Unicom is accelerating the realization of new value and turning it into a certain prospect. In the past five years, the compound growth rate of the company's industrial Internet revenue exceeded 34%. In the first three quarters of this year, the industrial Internet brought more than 70% incremental revenue to the company.

Liu Liehong said that China Unicom will make every effort to build the first brand of the "5G+ Industrial Internet" main track. "In the future, we will focus on 5G fully connected factories, launch the' 5G Lighting Thousand Factory' plan in an all-round way next year, and build 1000 5 G fully connected factories, and strive to become an important force for the national and local governments to promote new industrialization."

Zhang, senior product manager of Beijing Telford Technology Co., Ltd., told the Securities Daily reporter that "5G+ Industrial Internet" is a new infrastructure, application model and industrial ecology for building an industrial digital economy. It is a comprehensive relationship among people, machines, materials and systems. Through 5G technology, it provides a new way for the digitalization, networking and intelligent development of the industry and even the industry. Under the background of traditional industries actively promoting digital transformation, "5G+ Industrial Internet" has a broad market space.

Zhang said that it is estimated that the added value of the industrial Internet industry will reach 4.45 trillion yuan in 2022.

Wang Zhengnan, a senior observer in the communication operation industry, told the Securities Daily reporter that at present, telecom operators are vigorously deploying the industrial Internet. In the future, "5G+ Industrial Internet" will become an important track for operators to compete and open up new revenue increment space for operators.