4.51 million 5G users can provide pipeline without 5G mobile phone operators?

4.51 million 5G users can provide pipeline without 5G mobile phone operators?

4.51million5Guserscanprovidepipelinewithout5Gmobilephoneoperators?
OnMarch24,ChinaTelecom’sHongKonglistedcompanyreleasedits2019financialreport.Atthispoint,thethreemajoroperatorshaveannouncedtheirpreliminarytranscriptsfor2019.Unsurprisingly,despitetheunevenprofitperformance,theoperatingincomeofthethreecompaniesallincreasedandthegrowthstagnationiscontradictory-ChinaMobile’sannualrevenuehasincreased.2%,ChinaUnicomgrewbyonly0.3%,whileChinaTelecomfellby0.4%.  Allthreeoperatingcompaniesadmitthatthecurrentoperatingenvironmentis”complexandsevere”,andtheirfuture-orientedlayoutclearlypointstothenewpossibilityof5Gtechnologyreplacement.Inessence,itsfinancialreportsalsohighlightthehighgrowthofitsemergingbusinesses,showinganurgentmentalityofseekingnewgrowthpoles.However,inthefiercelycompetitiveindustrialInternetfield,canoperatorswithhugevolumesandhighlydependentoncommunicationservicebusinessrealizethegorgeoustransformationofelephantdancing?  ChinaMobilehasrecordeditssecond-largestprofitdeclineinthepastdecade.Telecomrevenueshavebothdeclinedinvolume.ChinaMobileisstilltheundisputednumberoneamongthethreemajoroperators.Accordingtotheannouncement,in2019,thecompany’soperatingincomewas745.9billionyuan,whileChinaTelecom’sdatawas375.7billion,andChinaUnicom’swas264.4billion.Intermsofprofitperformance,ChinaMobileisstilltheleader,withtwoshareholdersattributableprofitof106.6billionUSdollars,whileChinaTelecomandChinaUnicomfiguresare20.5billionand11.3billion,respectively.ChinaMobile’snetprofitismorethanthreetimesthatofothercommonsums.  Intermsofrevenuegrowth,thethreemajoroperatorshittherevenueceilingwithoutexception.Amongthem,ChinaMobile’srevenueincreasedby1everyyear.2%,communicationsservicerevenuegrowthwasonly0.5%.ChinaUnicom’shighestservicerevenueonlygrowsby0peryear.3%,whileChinaTelecom’srevenuerecorded0.4%drop.Intermsofprofitgrowth,inadditiontoChinaUnicom’s”benefitfromgoodcostcontrol”andachieved11.Inadditiontothe1%increase,theprofitsofChinaMobileandChinaTelecomhavebothdecreased-theformerhasdroppedby9.5%,anadditionaldropof3.3%.ForChinaMobile,thisisthesecond-largestannualnetprofitreductioninadecade,secondonlyto10in2014.2%decrease.ForChinaTelecom,revenueandnetprofitaresimultaneouslyinserted.  AlthoughChinaUnicom’srevenuehasincreasedslightlyanditsprofitabilityhasimproved,itispreciselyin2019thatitsnumberofmobilebillingusershasbeenovertakenbyChinaTelecom.AsofDecember2019,ChinaUnicomhas3mobilebillingusers.18.5billionhouseholds,whileChinaTelecomreached3.36billionhouseholds.ChinaUnicomhasrepeatedlystatedintheannouncementthatinthefaceofspeedincreaseandfeereduction,marketsaturation,fiercemarketcompetitionandthegradualdeclineofthe4Gtrafficdividend,thecompanyadherestodifferentiatedandInternet-basedoperations,strictlycontrolsuserdevelopmentcosts,strengthensintegratedoperations,andstrivestoavoidSimplepricewar.Althoughthecontrolofuserdevelopmentcostshasimprovedprofitabilityintheshortterm,thesmallnumberofmobileusersmayaffectthecompany’slong-termdevelopmentpotential.  在业绩报告书中,中国移动董事长杨杰表示,公司在财务表现上的压力在于“流量红利快速释放、同业及跨界竞争不断加剧等严峻复杂的经营环境以及‘提速降费’持续推进等Theinfluenceofpolicyfactors”.ChinaUnicomsaidthatsince2019,thedevelopmentofthedomesticcommunicationsindustryhasenteredaperiodofpain,therevenuegrowthisweak,andtheindustryvalueisunderpressure.ChinaTelecom’sfinancialreportalsomentioned”pressureandchallengesintheoperatingenvironment.”In2019,thefirstyearof5Gbusiness,thethreemajoroperatorsarenotlivingwell.In2020,when5Gispopular,theywillfacemorepressureandchallenges.  Thescaleof5Gsubscribersreaches10million,andtheexpansionof5Gcapitalwillgraduallyexceed180billion.ChinaMobilewillcontinuetoreplicate.BytheendofFebruary2020,5Gpackagecustomershavereached15.4million,maintainingindustryleadership.ChinaTelecomandtheannouncementstatedthatthecompany’s5Gpackageusershavereached10.73million.ChinaUnicomdidnotdiscloserelevantdata.However,the5Gpackageuserswhoarerankedverylowinproportioncanbringcommunicationservicerevenue,andthethreemajoroperatorsbringobviousbenefitsandattentiontothedigitaltransformationthat5Gcanbring.ChinaMobilesaidinitsfinancialreportthattheaccelerationof5Gdevelopmentwillprovidebettercarriersandmorescenariosfortechnology-scaleapplicationssuchasartificialintelligence,InternetofThings,cloudcomputing,bigdata,edgecomputing,andblockchain,andpromotethedigitizationofthousandsofindustries.Transformationandconsumptionupgradeofdigitallife.Atthesametime,thecompanyisalsofacingdisruptivechangesintheformofdigitalservices,newchallengesofnetworkdisruptionandbusinessmodelsinthe5Gera,andnewtrendsinindustry,cross-borderandcross-domaincompetition.  In2019,thethreemajoroperatorshavebeguntoexerttheireffortsinthedevelopmentof5G,graduallycapitalexpenditureof41.2billion.Accordingtofinancialreports,ChinaMobile’s5G-relatedinvestmentsin2019wereUS$24billion,whileChinaUnicomandChinaTelecomwereUS$7.9billionandUS$9.3billion,respectively.The5Gco-constructionandsharingbetweenChinaUnicomandChinaTelecomhastakensubstantialstepsin2019.ChinaUnicomdisclosedinitsfinancialreportthatthetwopartieshavegraduallyopenedup50,000shared5Gbasestations,andjointlysavedabout10billionyuanininvestmentcosts.  ChinaUnicomalsosaidthatinthefuture,thecompanywillactivelytakeadvantageofjointconstructionandsharing,andfullyconsiderthetechnologicalprogress,industrychainmaturity,andmarketandbusinessneeds.Steady,precise,anddynamicinvestmentin5Gnetworkconstructionwillsaveinvestmentcostsandoperatingcosts.Underthecircumstances,achieving5Gnetworkqualityisbasicallyequivalenttoparticipatingoperators.  In2020,thescaleofcompetitionandcooperationamongthethreemajoroperatorsin5Gconstructionwillalsoexpandrapidly.Accordingtothefinancialreport,in2020ChinaMobileexpectsthat5G-relatedinvestmentplanswillreach100billionUSdollars,build250,0005Gbasestationsandachieve5Gscalecommercialuseinallprefecture-levelcities;5GcapitalexpendituresofChinaUnicomandChinaTelecomareexpectedtoreachrespectively350ppmand453ppm,thetwowillstrivetocompletetheplantojointlybuildandshare250,0005Gbasestationsinthethirdquarterofthisyear,andwillbecomeamutualefforttoachieve300,000stations.Thecapitalexpendituresofthethreemajoroperatorson5Gwillreach1803trillionin2020,anincreaseofmorethanthreetimesayear.Thetotalnumberofbasestationswillexceed600,000.Industryanalystspredictthatthepenetrationrateof5Gnetworksanduserswillalsobegreatlyincreasedin2020,andthetariffsfor5Gpackagesmayalsobedecliningmorerapidly.However,suchhugeexpendituresalsoseemtobringbreakthroughfinancialpressuretotheoperationoftheoperatorenterprises.  Thereisalsoaproblem.ContinuousfinancialreportsshowthatChinaMobile’s5Gpackagecustomersreached15.4million,andChinaTelecom’s5Gpackageusersreached10.73million.ChinaUnicomhasnotreleasedrelevantdata.Onlymobiletelecommunicationscoaxialtotaled26.13million5Gpackageusers.However,ICTdatashowthatin2019,China’s5Gmobilephoneexpansionwillbe1376.90,000units.FromJanuarytoFebruary2020,thenumberof5GmobilephonesimplantedinChinais784.50,000units.Thetotalis2161.40,000units.Inotherwords,thereare451mobileandUnicom5Gpackageusers.60,000usersdonothave5Gmobilephones,whichhasnotyetaddedUnicom’sdata.Itisspeculatedthatthispartoftheusersmaybeattractedby5Gpackagediscounts,orthe”water”causedbythewidestatisticalcaliberof5Gusersbyoperators.Thecompetitionfor5Gusersbyoperatorswillonlybefiercelylaunchedforalongtimeinthefuture.  Emergingbusinessbecomesthehighlightofthefinancialreport.Whethertheelephantcandancestillneedsmarketinspection.Inthefaceoftherevenueceiling,ChinaMobiledescribedthecompany’snewbusinessdevelopmentinthefinancialreport:adaptingtochanges,transformingandupgradingfromcommunicationservicestobroaderinformationservicesStarttheimplementationofthe“four-wheel”marketinalldirectionsincludingindividuals,families,governmentandenterprises,andemerging(referredtoasC,H,B,N,respectively),withastrategictransformationofcoordinateddevelopmenttooptimizetheincomestructureandenhancenewdevelopmentmomentum.Asoftheendof2019,thenumberofgovernmentandenterprisecustomersreached10.28million,anannualincreaseof43.2%.Focusingonkeyindustriessuchasindustry,agriculture,education,governmentaffairs,medicaltreatment,transportation,andfinance,andvigorouslypromotingDICTindustrysolutionsthataredeeplyintegratedwiththescene,DICTincomecontinuestogrow48.3%,reachingRMB26.1billion.”MiguVideo”monthlyactiveusersgrewby46intenyears.4%,monthlyactiveusersofthe”HeBao”corefunctionincreaseby58everyyear.9%.  FuLiang,anindependenttelecommunicationsindustryanalyst,toldSaunaandYeewangthatChinaMobilehasalwaysmaintainedaconsensusadvantageinthepersonalmarketcompetition.However,inthecontextofthe4Gtrafficdividenddissipationandthe”speedincreaseandfeereduction”policycontinuingtoadvance,thecompany’sRevenueandprofitperformancearerelativelyaffected,sothereisastrongerincentivetoexpandinmultiplemarkets.Inthecontextoftheupcominglarge-scalerolloutof5G,thegrowthpotentialofemergingbusinessessuchasgovernmentandenterprisesisincreasinglyoptimisticabouttheindustry,andwillbecomethefocusofcompetitionforoperatingcompanies.  ChinaUnicomandChinaTelecomalsousedtoomuchspaceintheirfinancialreportstoreportonthedevelopmentoftheirbusinessbeyondcommunicationsservices.ChinaUnicom’smulti-industryInternetrevenueshaveexperiencedrelativelyhighgrowth:In2019,cloudcomputingrevenuesreachedRMB23.6ppm,anannualincreaseof147%;intermsofbigdata,revenuein2019willreachRMB12.300millionUSdollars,anannualgrowthof103%;intheInternetofThings,thenumberofplatformconnectionsiscloseto1.900million,andrevenuewillreachRMB30in2019.4trillionUSdollars,anannualincreaseof46%;ITservices,revenuein2019reached10billionUSdollars,anincreaseof78%overthesameperiod.  ChinaTelecomsaidthatthecompanyiscontinuingtobuildandleveragetheuniqueadvantagesofcloud-networkintegration,expandthecombinationofbasicnetworkaccessandcloudcomputing,bigdata,InternetofThingsandothertechnologies,anddeeplytapcustomerneedsandmarketpotentialinthebenchmarkingfield.Thecompany’s”TianyiCloud”ranksseventhintheworldinthepubliccloudIaaSmarketshare,rankingfirstintheglobaloperators,rankingfirstinChina’shybridcloudmarket,andrankingfirstinthedomesticcomprehensiveIDCbusiness.CloudbusinessrevenuereachedRMB710,000,andrevenuegrewby57peryear.9%,hasrisenasthefirstgrowthdriverinthefieldofDICT;thenumberofIoTconnectionshasreached1.57billion,withannualrevenuegrowthof21.7%.DICTbusinessisgraduallygrowingintothecompany’snewgrowthpole.  Facedwiththe5Gfashiontrend,Irealizedthatoperatorsarenolongerwillingtobe“pipelined”asinthe4Geraandbecomeapureinfrastructureprovider,buttrytoplayamoreecologicalandnurturingandindustryconsolidationonmorefront-endtechnologiesandservicesability.However,judgingfromthecurrentrevenuefigures,thevolumeoftheseemergingbusinesseshasnotyetbrokenthroughtherealabilitytobreakthroughtherevenueceiling.TodirectlycompetewithdomesticandforeignmainstreamInternetcompaniesinthefieldofindustrialInternet,thetechnologyandmarketcapabilitiesofoperatorsarefurthertestedbythemarket.  Sauna,YeWangpromisededitorXuChaoSunYongproofreadingLiShihui