Excessive force on the first day, China Telecom went public, the next day the opening of the market opened a word limit-China Telecom China Telecom

On August 20 (last Friday), China Telecom was officially listed for trading on the A-share main board, opening 5.74% higher to 4.79 yuan, with a total market value of 437.5 billion yuan. Suddenly surged in the afternoon, and finally closed up 34.88% to 6.11 yuan, with a total market value of 558 billion yuan, an increase of more than 100 billion yuan from the opening.Today, also the second trading day after China Telecom went public, China Telecom opened with a lower limit. The latest price was 5.5 yuan, with a total market value of 458.3 billion yuan.

China Telecom previously announced that the raised funds of 47.094 billion yuan will be used for 5G industrial Internet construction projects, cloud-network integration new information infrastructure projects, and scientific and technological innovation research and development projects.

The financial report shows that China Telecom’s revenue in the first half of 2021 was 219.2 billion yuan, a year-on-year increase of 13.1%; the net profit in the first half of the year was 17.74 billion yuan, a year-on-year increase of 27.2%. Mobile users reached 362 million, 5G package users reached 131 million, and the cumulative number of wired broadband users reached 165.09 million.

In order to celebrate the company’s successful listing on the main board of the Shanghai Stock Exchange, China Telecom also launched a special thanks to your old users to give back activities. Starting from September 1, mobile users with more than 10 years of internet age will receive 10GB x 12 months of data. Broadband users over 20 years of internet age will upgrade to gigabit broadband for one year. At that time, you can log in to the Telecom Business Hall APP to receive it for free.

Many telecommunications users complained about this activity: “Don’t send it if you can’t afford it.” Broadband users with an Internet age of more than 20 years mean that they need to be telecom users in 2001, and 2001 is called the year of broadband, when connecting to broadband was a relatively extravagant thing.