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研報掘金丨招商證券:中國電信盈利能力持續強化,維持“強烈推薦”評級
招商證券研報指出,中國電信(601728.SH)24年前三季度業績符合預期,盈利能力持續強化,高質量發展深入推進。維持“強烈推薦”評級。單季度來看,24Q3公司實現營收1,260億元(yoy+2.9%,24Q2 yoy+2.0%),其中通服業務收入1,167億元(yoy+2.5%),實現歸母淨利潤75億元(yoy+7.8%)。公司加快推動標準產品與雲、AI、量子、衞星等戰新要素融合,促進移動業務價值持續提升。此外,公司整體應收賬款與信用減值管控效果逐步顯現,預計24H2 隨着客户回款週期不斷優化、公司持續加強應收賬款管理,24年全年現金流將保持穩健。
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