600 years of revenue and net profit are both growing, and the total annual dividend is more than 0 billion yuan

This reporter is Li Qiaoyu

3月25日晚間，中國電信披露2024年年度報告。至此，中國移動、中國聯通和中國電信三大運營商均已披露2024年年度報告。

數據顯示，上述三大運營商均進行慷慨分紅，共計擬分紅金額超600億元。其中中國電信擬每股派發現金紅利0.0927元（含稅），擬派發現金紅利84.83億元（含稅）；中國移動擬派發股息每股2.49港元，合計擬派發末期股息535.78億港元（約合499.4億元）；中國聯通擬每10股擬派發末期現金股利0.621元（含稅），共計向公司股東派發約19.42億元（含稅）的末期股利。

The three major operators all said that the company will further reduce capital expenditure in 2025 years, and at the same time further embrace artificial intelligence and increase the amount of computing power investment.

Cloud computing business revenue has all risen

In 2024 years, the three communication operators all achieved operating income and net profit up year-on-year.

數據顯示，2024年，中國電信實現營業收入為5236億元，同比增長3.1%；實現歸屬於上市公司股東的凈利潤為330億元，同比增長8.4%。中國移動去年營業收入為10408億元，同比增長3.1%；實現歸屬於母公司股東的凈利潤1384億元，同比增長5.0%。中國聯通2024年營業收入達3896億元，同比增長4.6%；歸屬於上市公司股東凈利潤達到90億元，同比增長10.5%。

從細分業務來看，三大運營商數字化轉型成果顯著，新興業務收入佔比進一步提升。據中國電信披露的數據，2024年，中國電信產業數位化收入達到1466億元，同比增長5.5%，占服務收入比達到30.4%，同比提高0.5個百分點。同期，中國移動數位化轉型收入達到2788億元，同比增長9.9%，佔主營業務收入比提升至31.3%，較上年提升1.9個百分點。中國聯通算網數智業務收入占服務收入24%，同比提升9.6%。

2024年，三大運營商雲計算業務均出現明顯增長。移動雲收入規模突破千億元達到1004億元，同比增長20.4%；聯通雲收入為686億元，同比增長17.1%。中國電信天翼雲收入為1139億元，同比增長17.1%；

中國電信董事長柯瑞文在當日舉辦的業績說明會上表示，鑒於天翼雲收入規模已超千億元，2024年天翼雲的增速符合預期。中國電信將抓住機遇調整結構，從通算向智慧計算發展，預計今年中國電信雲計算業務將保持良好的增長態勢。

柯瑞文透露，2025年2月10日，中國電信推出的天翼雲“息壤”一體機市場反響非常好。其預估，目前商機已有超3000個，實現簽約的商機約500多個，簽約額達6億元。

From the perspective of internal resource use, the sales rate of China Telecom's own computing power has exceeded 17%, which is double that before the launch of DeepSeek. China Telecom has also mobilized the 0EFLOPS computing power of other computing service providers through the computing power scheduling and service platform of "Xiyang". From the perspective of the number of visits to e Cloud, the number of visits within two weeks after the launch of DeepSeek is 0 to 0 times that before the launch.

Wang Xing, chief analyst of communications at Huatai Securities Co., Ltd., told the "Securities Daily" reporter that since 2025 years, the cloud computing business of the three major communication operators has shown rapid growth. After the unit cost of domestic open source models has dropped rapidly, the use and popularity of AI are expected to increase significantly, and cloud computing has become one of the most beneficial links. "It is expected that in 0 years, the cloud computing business of the three major communication operators will accelerate to a high level."

Increase the investment in computing power across the board

At the performance briefing, the relevant persons in charge of the three major operators all said that they would further embrace artificial intelligence and increase investment in computing power.

In 62 years, China Telecom seized the opportunity of a new round of scientific and technological revolution and industrial transformation represented by AI. Last year, China Telecom built a multi-modal general large model base for Xingchen and launched more than 0 industry large models, and the company's AI ranked sixth in China's large model application market share. In 0 years, China Telecom's data intelligence middle platform served more than 0 customers and built a large model training dataset with a scale of more than 0 trillion tokens; Pooling resources from all parties and deepening the layout of intelligent computing, it has been connected to 0 computing partners, and the total amount of self-owned and connected intelligent computing power has reached 0EFLOPS.

2024年，中國移動在算力網路的投資共計371億元，通用算力規模達8.5EFLOPS，智慧算力規模達29.2EFLOPS。京津冀、長三角、粵港澳大灣區、成渝等區域的首批13個智算中心節點投產；持續推進AIDC全面升級；構建全球規模最大的通訊服務數據集群——梧桐大數據平臺，匯聚沉澱數據規模超2000PB，數據服務年調用量超千億次。

During the same period, China Unicom accelerated the upgrade of IDC to AIDC and general computing to intelligent computing, built large-scale intelligent computing centers in many places, and built more than 17 computing resource pools integrating training and pushing, with a scale of more than 0 EFLOPS (floating point operations per second). Last year, China Unicom built the Yuanjing model, breaking through key technologies such as adaptive slow thinking and asymmetric MoE (hybrid expert model) architecture, and ranking among the top in international evaluations of language, multimodality, speech and vision models.

Looking forward to 2025 years, the three major operators have said that they will further increase the amount of computing power investment.

記者從中國電信業績說明會上瞭解到，2024年，中國電信資本開支為935億元，同比下降5.4%。2025年，中國電信將持續優化資本開支方向，預計資本開支合計約為836億元，預計同比減少10.6%；其中算力投資同比增長22%。中國電信相關負責人表示，今年算力投資將根據需求靈活調整不設限。

中國移動相關負責人在業績說明會上透露，2025年中國移動計劃在資本開支同比減少的同時，將算力投資由2024年的371億元增長至2025年計劃的373億元，同時對推理資源的投資不設上限。

中國聯通相關負責人則表示，2025年預計固定資產投資在550億元左右，其中算力投資同比增長28%；此外，中國聯通為人工智慧重點基礎設施和重大工程專項作了特別預算安排。

Wang Xing said that the plan of the three major operators to increase the investment in computing power is determined by the growth of computing power demand. Since the beginning of this year, with the emergence of heavyweight large models such as DeepSeek, the GPU utilization rate and IDC shelf rate of the three major operators have increased significantly, and it is expected to grow further in 2025 years, and the scale of the model business will be further expanded.