On the evening of July 22nd, China Unicom disclosed its operational data announcement for June 2024. Data shows that in June, the cumulative number of users of China Unicom's "Big Connect" reached 1.066 billion households; The cumulative number of 5G package users reached 276 million households; The cumulative number of IoT terminal connections reached 562 million households. Previously, China Mobile and China Telecom also disclosed their operational data for June 2024. The total number of China Mobile's mobile business customers has exceeded 1 billion, including 514 million 5G network customers; China Telecom has 417 million mobile users, including 337 million 5G package users. Wang Zhengnan, a senior observer in the telecommunications industry, told Securities Daily reporters that the continuous breakthrough in the total number of telecommunications operators' users means that the newly added scale of users can provide certain financial flow and performance guarantees for telecommunications operators. At the same time, it should be noted that the penetration rates of mobile users and 5G users by communication operators are showing signs of approaching saturation. In the future, digital services will become a more important source of performance growth for communication operators. At present, communication operators have taken active measures in deepening their digital business revenue. Recently, China Mobile signed a strategic cooperation framework agreement with the Changchun Municipal Government, China FAW, and Guoqi Zhilian for the construction of the "Vehicle Road Cloud Integration" pilot city in Changchun; China Telecom recently showcased its intelligent innovation capabilities in cloud computing and computing power, new generation information communication, big data, artificial intelligence, security, quantum, and digital platforms at the 2024 Political and Legal Intelligence Construction Technology Equipment and Achievement Exhibition; At the low altitude networking product launch event, China Unicom solemnly introduced its "Five in One" low altitude networking innovation system. In terms of the secondary market, the A-share market of the three major telecom operators has been active recently, and the A-share price of China Mobile has reached new highs. According to data from Tonghuashun, as of the close on July 22, the A-share prices of China Mobile, China Telecom, and China Unicom have risen by 13.25%, 18.8%, and 9.75% respectively since the beginning of this year. According to a research report disclosed by Huatai Securities, as a benchmark for technology state-owned enterprises, operators are expected to benefit from the development process of China's new quality productivity. The development of emerging industries such as low altitude economy, Cheluyun, satellite Internet, AI intelligent computing and so on cannot be separated from the upgrading of the underlying communication and digital infrastructure. As a national team of digital infrastructure, operators naturally assume the mission of "chain length" of the industry chain and serving national strategic needs. (New Society)