“十五五”开局之年，中国经济坚韧向前、蓬勃向好。在这样的大背景下，2026年8月，中国移动、中国联通、中国电信相继披露上半年业绩。在行业新旧动能转换与增值税税目调整影响下，三家运营商营收与净利润短期承压，但算力服务、智能服务、Token经营等新引擎增势强劲，自由现金流大幅改善，资本开支加速向算力网与新一代通信网倾斜。“利润齐降、算力普涨”的成绩单，折射出三大运营商正从“管道提供者”向“智能经济...
Source Link“十五五”开局之年，中国经济坚韧向前、蓬勃向好。在这样的大背景下，2026年8月，中国移动、中国联通、中国电信相继披露上半年业绩。在行业新旧动能转换与增值税税目调整影响下，三家运营商营收与净利润短期承压，但算力服务、智能服务、Token经营等新引擎增势强劲，自由现金流大幅改善，资本开支加速向算力网与新一代通信网倾斜。“利润齐降、算力普涨”的成绩单，折射出三大运营商正从“管道提供者”向“智能经济...
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