According to reports, the three major communications operators have already come out in the first three quarters. The data shows that China Mobile is still steadily rising, and telecommunications remain stable, which is puzzling. Unicom's share price after successful mixed reform is still in a state of falling.
The bad news is that since the launch of China Unicom's hybrid reform, the stock price has only started up a few times and has started a downward trend. Data show that on August 21, China Unicom's A-shares regained two daily limit, and the stock price rose to a high of 9.29 yuan per share on the third trading day, and then entered a long-term correction. Nowadays, the benefits of mixed reform are basically exhausted, which is a great contrast with the current development situation of China Unicom.
According to the latest financial report data, in the first three quarters, the profit attributable to shareholders of mobile and telecom companies was 92.1 billion yuan and 18.502 billion yuan, up 4.6% and 5.5% year-on-year. China Unicom's net profit attributable to the parent company was 1.312 billion yuan, up 168.4% year-on-year. China Unicom said that the profit increase was mainly due to the good growth of the main business income, as well as the decline in sales expenses and terminal subsidies.
Another indicator is that as of the end of September, the total number of 4G subscribers of the three major operators reached 950 million, of which mobile accounted for 65.5%, telecommunications 17.7%, and Unicom 16.8%. Compared with the same period last year, China Mobile, China Telecom and China Unicom accounted for 71%, 16% and 13% respectively. It can be seen that China Unicom's growth rate is huge, the increase is leading, and the gap between the three has been significantly reduced.
In addition, some analysts pointed out that China Unicom is the first group level of central enterprises to carry out mixed reforms, and its mixed reform plans and paths have benchmarking significance. The following civil aviation, electric power, building materials and local state-owned enterprises will use the Unicom model. Therefore, China Unicom's mixed reform can only succeed without fail, and it will only succeed.
As of September 30, the number of shareholders holding China Unicom's A shares reached 787,000. These stock investors are now confused. Why is China Unicom's performance up and the stock price unable to synchronize, which is quite different from the market trend.
To put it simply, there are still too many places where China Unicom needs to spend money. The 75 billion yuan cannot solve the problem at all. This is also a common concern in the market. On October 14, China Unicom issued an announcement indicating that Unicom’s non-public offering of A shares was approved by the China Securities Regulatory Commission, and China Unicom also decided to propose a total non-public offering of no more than 61.725 billion yuan, and this The funds will be used in the company's 4G, 5G and innovative businesses.
It can be compared, China Mobile has more than 200 billion in cash in hand, and it can be attacked and retreated. In the face of the low-cost battle of Internet traffic initiated by China Unicom, it has taken a consistent wait and see and then decided to respond to the policy. Many places have already tried to launch 45. Yuan completely unlimited package, once the whole network advances, China Unicom's game card package advantage is gone, in terms of price war, rich people always have an advantage, just like playing Stud.
In terms of cash flow, China Mobile's revenue will exceed 800 billion in 2017, while China Unicom may only reach less than one-third of China Mobile, compared with China Telecom, and half of it, profit, China Mobile More than 100 billion, China Telecom is also 30 billion, China Unicom is only a dozen or so. The price war initiated by China Unicom has shown its initial effective and later failures in history, and it has a close relationship with its lack of cash flow. The sub-mixed change has not completely changed the situation.
The 5G era is coming, this is destined to be a super-burning game. Telecom operators will also face tremendous changes in business models. China Unicom’s 75 billion funds need to be used too much, and employee benefits continue to improve. Need and be cherished.
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