【研报掘金丨华西证券：中国电信业务稳健，维持“增持”评级】华西证券研报指出，中国电信(601728.SH)2025Q1利润总额达到113.18亿元，同比增长2.06%；实现归母净利润88.64亿元，同比增长3.11%，业务稳健。根据公司一季报，公司加快移动网络向5G-A升级，不断推动连接、终端、应用、权益等融合要素升级，强化AI、卫星、量子等战新要素赋能个人及家庭端产品和服务，持续提升业务价值和客户感知。同时，围绕网络、云及云网融合、AI、量子/安全等四大技术方向持续加大科技创新研发投入，持续深入实施云改数转战略，加速人工智能应用赋能，积极回馈广大股东。看好运营商数字化转型，维持盈利预测，维持“增持”评级。

金融界

May 08, 2025

华西证券研报指出，中国电信(601728.SH)2025Q1利润总额达到113.18亿元，同比增长2.06%；实现归母净利润88.64亿元，同比增长3.11%，业务稳健。根据公司一季报，公司加快移动网络向5G-A升级，不断推动连接、终端、应用、权益等融合要素升级，强化AI、卫星、量子等战新要素赋能个人及家庭端产品和服务，持续提升业务价值和客户感知。同时，围绕网络、云及云网融合、AI、量子/安全等四大技术方向持续加大科技创新研发投入，持续深入实施云改数转战略，加速人工智能应用赋能，积极回馈广大股东。看好运营商数字化转型，维持盈利预测，维持“增持”评级。

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SH) 's total profit in 2025Q1 reached 11.318 billion yuan, a year-on-year increase of 2.06%; The net profit attributable to the parent was 8.864 billion yuan, a year-on-year increase of 3.11%, and the business was stable. According to the company's first quarterly report, the company has accelerated the upgrade of mobile networks to 5G-A, continuously promoted the upgrade of integrated elements s","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161631":1,"601728":1,"00728":1,"002926":1},"content_text":"华西证券研报指出，中国电信(601728.SH)2025Q1利润总额达到113.18亿元，同比增长2.06%；实现归母净利润88.64亿元，同比增长3.11%，业务稳健。根据公司一季报，公司加快移动网络向5G-A升级，不断推动连接、终端、应用、权益等融合要素升级，强化AI、卫星、量子等战新要素赋能个人及家庭端产品和服务，持续提升业务价值和客户感知。同时，围绕网络、云及云网融合、AI、量子/安全等四大技术方向持续加大科技创新研发投入，持续深入实施云改数转战略，加速人工智能应用赋能，积极回馈广大股东。看好运营商数字化转型，维持盈利预测，维持“增持”评级。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}