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China Telecom has revealed that its revenue for the third quarter reached 121.089 billion yuan, marking a 3.01% decline compared to the same period last year. The net profit attributable to the parent company stood at 6.62 billion yuan, experiencing a 14.65% year-on-year decrease. For the first three quarters combined, the revenue amounted to 380.1 billion yuan, also showing a 3.59% drop from the previous year, while the net profit attributable to the parent company was 26.207 billion yuan, down by 14.84% year-on-year. Throughout the reporting period, the company has fully embraced and implemented strategies focused on cloud transformation, digital transformation, and intelligent empowerment. As a result, it has maintained stable operating performance, gained renewed momentum for development, and enhanced its business structure.
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