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2021Q1-2024Q1三大运营商营业收入、通服收入情
2021Q1-2024Q1三大运营商营业收入、通服收入情
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图片格式:PNG
图片大小:74KB
图片尺寸:1206*853
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所属报告:
通信行业运营商行业系列报告5:掘金自由现金流算力与新质生产力共振-240529(24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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行业数据
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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行业数据
2026-05-11
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图表262025年星链与移动运营商合作进展
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行业数据
2026-05-06
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在政务热线外包服务市场中,中国电信、中国联通、中国移动三大运营商合计市场占比67.44%,较
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2026-04-30
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2026-07-30
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2024Q1 通服收入增速同比下滑,净利润增速持续高于收入增速。营业收入方面,2024Q1 三大运营商共实现营业收入 4,977 亿元,同比增长 4.2%,增速同比下降 5.7pct;共实现通服收入 4,327 亿元,同比增长 4.4%,增速同比下降 3.2pct,我们认为,主要系 1)国内宏观经济增长仍然存在压力,重点客户投入持续偏谨慎;2)2B 业务收入确认节奏等因素所致。净利润方面,2024Q1 三大运营商共实现归母净利润 407 亿元,同比增长 6.1%,净利润增速持续高于收入增速。我们认为,考虑到整体下游客户的支出节奏与三大运营商各项业务的拓展情况,2024 年三大运营商整体营收增长具备充足动能,业绩具备较强确定性。
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《三个皮匠服务条款》