From the profit of hundreds of billions to 46 billion, did the operators speed up and reduce fees last year not contribute?

At a recent press conference held by the Information Office of the State Council, Peng Huagang, secretary general and spokesman of the State-owned assets Supervision and Administration Commission of the State Council, introduced the economic operation of central enterprises in 2020: central enterprises 2020 reduce the operating cost of the whole society by 196.5 billion yuan, of which communication enterprises implement the requirements of speed increase and fee reduction, and make a profit of about 46 billion yuan.

In this regard, some sharp-eyed people believe that compared with the 2018 of 120 billion yuan and the 2019 of 180 billion yuan, the three major communication operators in China 2020 only 46 billion yuan in further implementing the speed increase and fee reduction, the profit margin has been significantly reduced, and there is even a view that operators did not contribute to the work of speeding up and reducing fees last year, and the public did not have a strong sense of gain.

So, is this really the case?