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China Telecom's Q1 revenue and net profit both declined, while smart revenue grew nearly 40% year-on-year. AI and cloud business become new engines | Earnings Report Insights

China Telecom's Q1 revenue and net profit both declined, while smart revenue grew nearly 40% year-on-year. AI and cloud business become new engines | Earnings Report Insights

``` China Telecom’s first quarter revenue and profits both came under pressure, reflecting the reality that growth in traditional telecommunications business is approaching saturation and industry competition continues to intensify. On Thursday, China Telecom released its Q1 2026 report. During the reporting period, the company achieved an operating revenue of
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