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所属报告：
2021年中国联通业务布局与盈利能力分析报告（14页）.pdf
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图表5三大运营商2026年资本开支投向对比
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行业数据
2026-06-15
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2021-2026Q1三大运营商H股归母净利润情况（亿元，%）
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行业数据
2026-06-12
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2025年三大运营商第二曲线业务收入情
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2026-06-12
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2025年三大运营商第二曲线业务发展概
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行业数据
2026-06-12
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2020年以来三大运营商H股股息率及股价表现
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行业数据
2026-06-12
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三大运营商2020-2025年派息率情况
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行业数据
2026-06-12
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三大运营商移动ARPU（元）
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行业数据
2026-06-12
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2021-2026F三大运营商资本开支情况
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行业数据
2026-06-12
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2021-2026Q1三大运营商H股营业收入情况（亿元，%）
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行业数据
2026-06-12
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通过与各地运营商合作，服务已经涵盖多个国家
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行业数据
2026-06-01
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图32、后5G时代三大运营商CAPEX进入下行通道以释放利润（亿元）
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行业数据
2026-05-11
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图33、运营商算力资本开支（亿元）
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行业数据
2026-05-11
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三大运营商资本开支（亿元）
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图表262025年星链与移动运营商合作进展
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2026-05-06
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