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China Telecom (00728) fell 3.18% as the three major telecom operators came under pressure. Institutions predict that the industry's performance in the first half of the year may be relatively weak.
Jinwu Finance News | The three major telecommunications operators are collectively under pressure, with China Telecom (00728) falling by 3.18%, China Unicom (00762) falling by 2.88%, and China Mobile (00941) falling by 2.56%. On the news side, Citic Lyon issued a performance outlook for the telecommunications industry in the first half of 2024: growth is expected to slow down. The bank pointed out that Chinese telecom operators have benefited from potential dividend and tax reductions, and their performance has been remarkable so far this year. However, the bank believes that in the current economic downturn, governments and companies have postponed their information technology spending, so it is expected that the performance in the first half of 2024 may be weak.
Hong Kong Shares Rise, Tracking Wall Street Gains -- Market Talk
China Mobile Limited: Half-year report for the year 2024.
China Mobile Limited: Summary of Half-Year Report in 2024.
China Mobile (00941.HK): Shareholders' profit in the first half of the year was 80.2 billion yuan, a year-on-year increase of 5.3%. It is proposed to pay a mid-term dividend of HKD 2.6 per share.
China Mobile (00941.HK): Shareholders' profit in the first half of the year was CNY 80.2 billion, a year-on-year increase of 5.3%. It plans to pay an interim dividend of HKD 2.6 per share. China Mobile (00941.HK) released its mid-term performance report for 2024, with operating revenue of CNY 546.7 billion, a year-on-year increase of 3.0%; among them, communication services revenue was CNY 463.6 billion, a year-on-year increase of 2.5%. Digital transformation revenue reached CNY 147.1 billion, a year-on-year increase of 11.0%, accounting for 31.7% of communication services revenue. The shareholders' net profit was CNY 8.
China Mobile's H1 Profit Up 5%
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