Faster growth in telecom business revenue

In 2021, China's telecom business revenue totaled RMB 1.47 trillion, an increase of 8.0% year-on-year, and the growth rate was 4.1 percentage points higher than that of 2020, realizing the highest growth level since 2014.

Data and Internet remained the main source of revenue

Applying new technologies such as cloud computing, big data, IoT, artificial intelligence and vigorously expanding emerging businesses, it was the fixed value-added and other business revenues that became the first engine of growth.In 2021, the fixed data and Internet business realized revenues of RMB260.1 billion, representing a year-on-year growth of 9.3%, and its share in the revenue of telecom business increased to 17.8% from 17.4% in 2020

In 2021, the mobile data and internet business of the communications industry realized a revenue of 640.9 billion yuan, an increase of 3.3% over 2020.

Emerging Businesses Achieve Rapid Growth

The development of cloud computing, big data and other emerging businesses accelerated, realizing related business revenues of RMB 222.5 billion in 2021, an increase of 27.8% from 2020, and increasing its share in telecom business revenues from 12.8% in 2020 to 15.2%. Among them, data center, cloud computing and big data businesses grew by 18.4%, 91.5% and 35.5% respectively from 2020.

Voice Business Revenue Continues to Decline

On the backdrop of the continuous substitution effect of Internet applications on voice business, in 2021, the three basic telecom enterprises accomplished fixed voice and mobile voice business revenue of RMB22.4 billion and RMB115.5 billion, a decrease of 9% and 3% respectively from 2020, and in the telecom business revenue in the total share of 9.4%, accounting for a drop of 1.2 percentage points from 2020.

Overall, in 2021, China's communications industry actively promote the construction of network power and digital China, 5G and gigabit optical network and other new information infrastructure construction coverage and application popularization of the full acceleration of the quality of development and growth of the industry to further enhance the level of realization of the "14th Five-Year Plan" a good start.

-- The above data refer to China Communications Industry Development Prospect Forecast and Investment Strategy Planning Analysis Report