According to Goldman Sachs' report, revenue and net profit growth of Chinese telecom stocks slowed in 1Q25 compared to 2024, though it was still within the broker's expectations.The results showed a sharp drop in operating cash flow mainly due to a notable rise in accounts receivable, which was related to telecom companies shifting their business models toward enterprise services (cloud/ ICT projects), said the report.Related NewsM Stanley Lifts CHINA TELECOM (00728.HK) TP to $6.5, Rating OverweightReduced capital expenditure and increased accounts payable, nevertheless, are expected to offset this negative impact and help stabilize free cash flow in 2025 and 2026.Overall, Goldman Sachs estimated that Chinese telecoms still have the ability to maintain dividend growth. It kept a Buy rating and a positive outlook for CHINA MOBILE (00941.HK) +0.400 (+0.482%) Short selling $135.24M; Ratio 9.309% , CHINA TELECOM (00728.HK) 0.000 (0.000%) Short selling $21.63M; Ratio 4.850% , and CHINA UNICOM (00762.HK) -0.030 (-0.335%) Short selling $21.55M; Ratio 8.304% . Its target prices are listed in a separate table.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-07 16:25.)