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三大运营商半年报透视：算力与Token经营成转型主引擎_我的网站

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一 | 近日，中国移动、中国电信、中国联通的半年报引发广泛讨论。增值税税率上调、流量红利消退、传统业务见顶等多重压力叠加下，三大运营商利润集体承压。 Tere Ishk Mein has been holding its ground at the box office, keeping pace with the interest it generated before release. The Dhanush–Kriti Sanon starrer is gradually moving toward the Rs 100 crore net figure in India, reflecting a stable first week. Its first week has ended with over Rs 100 crore worldwide, though Thursday brought a noticeable dip ahead of the clash. Early estimates place day 7 collections at roughly Rs 5.75 crore, taking the domestic total to around Rs 85.50 crore. The film has seen consistent turnout across metros and smaller centres throughout the week. Its current numbers place it ahead of Kriti Sanon’s earlier 2024 release, Teri Baaton Mein Aisa Uljha Jiya, which had finished with about Rs 80.88 crore. The film is also closing in on the earnings of Crew, which collected Rs 89.92 crore and is positioned to surpass it if the trend continues through the week. The film’s run now faces a challenge with the arrival of Ranveer Singh’s Dhurandhar, which opens today. With wider screen allocation and more shows going to the new release, Tere Ishk Mein may experience some pushback in terms of collections.Also Read: Kriti Sanon Arrives at Mumbai Airport in an All-black Ensemble。压力之下，另一条曲线逆势上扬：AIDC、智算服务已经成为新的增长引擎。

二 | 尽管新业务的体量尚不足以对冲旧业务下滑，从管道提供者向智能服务商转型已成为三大运营商的共识。从财报来看，新旧动能转换的态势已十分清晰。

三 | 中国移动上半年算力服务收入529亿元，同比增长14%，其中AIDC收入同比暴涨486.1%，智算服务收入53亿元，增速达130.1%，贡献算力服务收入增量的46.1%。中国电信上半年智算收入同比增长95%，智算利用率达94%。中国联通上半年算力收入419亿元，同比增长13%。其中，智算中心收入增长11%，智能计算收入增长9%。总体来看，三家运营商的算力与智能服务收入占主营业务收入比重正在提升，新引擎的雏形已经显现。眼下，Token经营正在成为三大运营商突围的关键抓手。