China Telecom reported third-quarter 2026 results on Oct 22. Revenue for the period fell 3.01 percent year on year to 121.1 billion yuan. Net profit attributable to shareholders of the listed company came in at 6.6 billion yuan, down 14.65 percent, while net profit attributable to shareholders after deducting non-recurring gains and losses totaled 5.8 billion yuan, down 17.04 percent.
In the first three quarters of 2026, China Telecom carried out its strategy of cloud transformation, digital transformation and intelligent empowerment across the board, keeping its operating performance steady while cultivating new growth drivers and improving its business mix. Operating revenue reached 380.1 billion yuan, of which core business revenue accounted for 359.3 billion yuan, remaining broadly stable on a comparable basis. Communications revenue totaled 313.1 billion yuan and intelligent revenue 46.2 billion yuan. Net profit attributable to shareholders of the listed company reached 26.2 billion yuan, posting solid growth on a comparable basis.
China Telecom has kept Token-based operations at the core of its business, stepped up efforts to become a leading AI service provider, built next-generation communications and computing power networks with an appropriate degree of forward planning, and continued to upgrade its Xingchen TokenHub platform. Daily Token calls have surged, speeding up the rollout of "intelligent cloud cities." The company also launched its Xingchen super intelligent agent TeleAgent to drive faster adoption of AI applications, expand its user base and create new growth engines for its transformation and development.
On the user front, as of the end of the third quarter of 2026, China Telecom had 445.27 million mobile users, 330.39 million 5G network users and 201.49 million wireline broadband users.