The three major operators earn 400 million yuan a day? ! China Mobile + China Telecom + China Unicom + China Tower < Tencent

Recently, the three major operators have successively released their operating reports for 2020. The overall development of the industry has improved, at least both revenue and profit have grown positively, which is quite difficult for operators in the process of transformation.

But it should be pointed out that it is far from the time to "raise a toast to celebrate". Take the leader China Mobile as an example -

In 2017, China Mobile's revenue was 740.5 billion yuan and its net profit was 114.3 billion yuan;

In 2020, China Mobile's revenue was 768 billion yuan and its net profit was 107.8 billion yuan.

Three years later, China Mobile's revenue has gradually returned to its original level, but its net profit level has not yet fully recovered!

Therefore, the situation is definitely not as good as the "V-shaped reversal" that some media have said. This is not just an increase in volume without an increase in revenue, it is simply an increase in volume with a decrease in revenue! In any case, it is definitely not a V-shaped reversal!

The current situation is still quite grim for the three major operators. The downward trend of traditional communication business has not been reversed, and the development prospects are still unclear. Neither 5G nor emerging businesses have formed a viable business model. The cloud business looks very bright. Whether it is Tianyi Cloud, Wo Cloud or Mobile Cloud, they have achieved triple-digit growth, but the scale is still small and the impact on the big plate is relatively weak.

In addition, many new attempts by operators still need time and market for further testing. Under such circumstances, touting a V-shaped reversal is definitely not a good thing for future development.

In addition, I am very disgusted by some media always using "earning 400 million a day" as a gimmick in reporting. In fact, it is not a big deal for the three major operators to earn 400 million a day. We can use Tencent as a comparison -

Profits of the three major operators: China Mobile 107.8 billion yuan, China Telecom 20.9 billion yuan, China Unicom 12.5 billion yuan, total 141.2 billion yuan, an average daily profit of 380 million yuan.

Tencent's profit: 159.9 billion yuan! An average of 440 million yuan per day!

The total profit of the three major operators, even with the 6.4 billion yuan profit of China Tower, is only 147.6 billion yuan, still less than Tencent alone!