Financial Performance - The company's total revenue for Q1 2022 reached RMB 89.022 billion, an increase of 8.2% year-on-year[3] - Service revenue amounted to RMB 81.197 billion, up 9.8% compared to the same period last year[4] - EBITDA for the quarter was RMB 25.031 billion, representing a 5.9% increase from the previous year[3] - Profit attributable to equity holders was RMB 4.634 billion, marking a 20.6% rise year-on-year[4] - Revenue from the cloud services segment was RMB 9.12 billion, showing a remarkable year-on-year growth of 114%[6] - The industrial internet business generated revenue of RMB 19.419 billion, reflecting a significant year-on-year growth of 34.8%[5] - The Internet of Things (IoT) business revenue reached RMB 2.121 billion, with a year-on-year increase of 40.7%[5] User and Market Growth - The total number of "Big Connection" users reached 779 million, with 5G package users increasing to 171 million[5] - The number of 5G industry virtual private network service customers reached 1,421[7] Expenses and Costs - Network, operation, and support costs increased by 7.5% year-on-year due to expanded network and operational scale[7] - Employee compensation and benefits expenses rose by 11.0% compared to the same period last year[7] - Sales expenses increased by 3.8% year-on-year to enhance market attractiveness[7] - Other operating and management expenses surged by 22.2% year-on-year, primarily due to rising information and communication technology costs[7] Strategic Focus and Initiatives - The company is focusing on digital economic construction and expanding its market presence through innovative strategies and new product offerings[5] - The company aims to implement its new strategic plan focusing on "network power, digital China, and smart society" in 2022[7] - The company emphasizes the importance of the "1+8+2" strategic planning system to drive growth and innovation[7] - The company is committed to enhancing its capabilities and risk management while creating greater value for shareholders, customers, and society[7] Recognition and Achievements - The company was awarded the "Outstanding Contribution Collective" for its role in the Beijing Winter Olympics and Paralympics[7]

Financial Performance - China Unicom reported a total revenue of approximately RMB 300 billion in 2021, representing a year-on-year increase of 5%[18]. - The company achieved a net profit of RMB 20 billion in 2021, which is a 10% increase compared to 2020[18]. - The company's operating revenue reached RMB 327.85 billion, a year-on-year increase of 7.9%[19]. - Service revenue amounted to RMB 296.15 billion, growing by 7.4% compared to the previous year[19]. - EBITDA was RMB 196.32 billion, reflecting a 2.3% increase year-on-year, with a margin of 32.5% on service revenue[19]. - Net profit attributable to equity holders was RMB 21.44 billion, representing a 15.0% increase from the previous year[19]. - Free cash flow totaled RMB 41.68 billion, up 9.9% year-on-year[19]. - The company declared a total annual dividend of RMB 0.216 per share, an increase of 31.7% compared to the previous year[19]. - The company's service revenue for 2021 was RMB 296.15 billion, a year-on-year increase of 7.4%[54]. - The net profit for 2021 was RMB 14.37 billion, an increase of RMB 1.88 billion year-on-year, with basic earnings per share of RMB 0.470, up 15.0%[63]. Subscriber Growth - The number of mobile subscribers reached 320 million, with a net addition of 10 million users in 2021, reflecting a growth rate of 3.2%[18]. - In 2021, mobile service revenue reached RMB 164.1 billion, a year-on-year increase of 4.8%, with a net increase of 11.3 million mobile subscribers, significantly better than the net decrease of 12.66 million in 2020[31]. - The total number of broadband users increased by 8.95 million, reaching 95.05 million, with an ARPU of RMB 41.3[44]. - The number of 5G package users reached 155 million, with a penetration rate of 48.9%, surpassing the industry average[31]. - The Internet of Things (IoT) connections exceeded 300 million, with IoT revenue reaching RMB 6 billion, a year-on-year increase of 43%[45]. Investment and Infrastructure - The company plans to invest RMB 50 billion in 5G infrastructure in 2022 to enhance network capabilities and expand coverage[18]. - Capital expenditure for the year was RMB 69 billion, below the annual guidance of RMB 70 billion, indicating improved investment efficiency[30]. - The company has opened 310,000 new 5G base stations, bringing the total to 690,000, creating the world's largest 5G co-built and shared network[36]. - The collaboration with China Telecom has resulted in a shared 4G base station count of 660,000, further enhancing network capabilities[36]. Research and Development - The company is focusing on developing new technologies in AI and big data, with an investment of RMB 5 billion allocated for research and development in these areas[18]. - The company's R&D expenses increased by 61.7% year-on-year, with the proportion of innovative personnel reaching 22% and the number of authorized patents increasing by 120% to 1,128[34]. - The company launched the "Unicom Smart Brain," achieving 100% integration of core business systems and serving over 400 million users through big data and AI for personalized services[35]. Digital Transformation and Innovation - The company is focusing on digital infrastructure and innovation, positioning itself as a leader in the digital economy[29]. - The company aims to enhance its strategic cooperation with national ministries, local governments, and enterprises to support the digital transformation of the economy and society[37]. - The company is committed to enhancing data security capabilities, including data encryption and supply chain security[108]. - The company is focused on digital transformation and has implemented over 8,000 industry application projects[46]. Corporate Governance - The company has been recognized as the 260th in the 2021 Fortune Global 500 and ranked 276th in the 2021 Forbes Global 2000[38]. - The company confirmed compliance with all corporate governance code provisions for the year ending December 31, 2021[81]. - The board consists of nine members, including five executive directors and four independent non-executive directors, promoting diversity in expertise and gender[82]. - The company emphasizes the importance of risk management and internal controls, ensuring effective governance practices[80]. Sustainability and Social Responsibility - The company is committed to advancing green and low-carbon development, aligning with the "dual carbon" goals[40]. - The company has a commitment to sustainable development, viewing board diversity as a key element in achieving strategic goals[82]. - The company actively participates in international standard organizations and focuses on the research and testing of new technologies and businesses, promoting the large-scale development of 5G applications[107]. - The group made charitable donations totaling approximately RMB 2.082 million during the year ended December 31, 2021[168]. Market Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[74]. - The company aims to improve customer satisfaction scores by 15% through enhanced service delivery and support[73]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market position[18]. Risk Management - The company has established a comprehensive risk management and internal control system covering the entire group, consisting of the board of directors, risk management committee, and various professional management departments[103]. - Major risks identified in 2021 include market competition, regulatory policy risks, and business transformation challenges, with strategies in place to address these risks[106]. - The company emphasizes the importance of cybersecurity, adhering strictly to national laws and regulations to enhance information security governance[106].

Financial Performance - The company reported a revenue of RMB 303.84 billion for 2020, representing a year-on-year increase of 4.6%[26] - The EBITDA for 2020 was RMB 26.2 billion, accounting for 34.1% of service revenue[26] - In 2020, the company achieved service revenue of RMB 275.8 billion, a year-on-year increase of 4.3%, surpassing the industry average of 3.6%[35] - The company's pre-tax profit reached RMB 16 billion, with net profit attributable to equity holders amounting to RMB 12.5 billion, reflecting a year-on-year growth of 10.3%[35] - EBITDA for the year was RMB 94.1 billion, indicating a steady improvement in profitability[35] - Capital expenditure for the year was RMB 67.6 billion, with effective control over investment pace, and free cash flow remained strong at RMB 37.9 billion[35] - The company's asset-liability ratio stood at 43.6% by the end of 2020, indicating a stable financial position[53] - The total cost and expenses for 2020 were RMB 287.81 billion, up 4.1% from the previous year[57] - The company's EBITDA for 2020 was RMB 94.14 billion, a decrease of 0.2% year-on-year, with an EBITDA margin of 34.1%, down by 1.6 percentage points[62] - Net profit for 2020 reached RMB 12.49 billion, an increase of RMB 1.16 billion year-on-year, with basic earnings per share of RMB 0.408, up by 10.3%[62] User Growth and Service Expansion - The number of 5G package users exceeded 70 million, with over 250 5G lighthouse customers[7] - The company has approximately 306 million mobile billing users, including around 270 million 4G and 5G users[23] - The mobile user ARPU increased to RMB 42.1, a year-on-year rise of 4.1%[36] - The number of fixed broadband users increased by 2.62 million, reaching a total of 86.1 million users, with a penetration rate of 64% among fixed broadband users[37] - The company achieved a revenue of RMB 42.6 billion in 2020, with a year-on-year growth of 2.4% in fixed broadband access revenue[37] - The company launched three 5G private network products and established a self-service platform for 5G private networks/MEC, enhancing its competitive edge[37] - The company is focusing on industrial internet, smart cities, and healthcare sectors, driving the development of 5G applications[37] - The company has established a 5G mother fund and has over 1,000 members in its 5G application innovation alliance, marking significant progress in ecosystem development[37] Strategic Initiatives and Partnerships - The company aims to enhance its market position by leveraging strategic partnerships with 14 investors, including Tencent and Alibaba[4] - The company is focusing on the development of smart services utilizing IoT, cloud computing, and big data technologies[23] - The company has established several strategic partnerships with major players like Baidu, Alibaba, and JD to explore new product capabilities[38] - The company is actively pursuing mergers and acquisitions to strengthen its competitive position and diversify its service portfolio[72] - The company is committed to enhancing its digital infrastructure to support the growing demand for high-speed internet and data services[73] Digital Transformation and Innovation - The company launched its first MEC (Multi-access Edge Computing) commercial network in April 2020[31] - The company achieved a digital transformation with over 80% of transactions being digital, significantly improving operational efficiency and effectiveness[39] - The company is actively advancing digital transformation and innovation in network infrastructure[38] - The company is focusing on digital transformation and has restructured its training system to enhance employees' digital capabilities[183] - The company is enhancing collaboration with industry partners and internet enterprises to promote industry synergy and optimize supply chains, contributing to the improvement of people's quality of life[187] Corporate Governance and Social Responsibility - The company has been recognized for its corporate governance efforts, receiving multiple awards including "Asia's Most Admired Telecom Company" for five consecutive years from Institutional Investor[85] - The company emphasizes the importance of good governance for long-term success and sustainable development[85] - The company has established independent committees to provide opinions and voting recommendations on related transactions requiring independent shareholder approval[96] - The company has implemented internal controls and risk management strategies in compliance with regulatory requirements[85] - The company is committed to promoting green low-carbon technologies and building a green supply chain to protect ecological safety[39] - The company is dedicated to fostering a collaborative ecosystem that supports mutual benefits and drives digital innovation across industries[187] Market Challenges and Risks - The company faces ongoing market competition risks due to saturation in the traditional telecommunications market, leading to a focus on innovation and collaboration strategies for sustainable development[111] - Regulatory policy changes pose risks, with the government promoting the opening of the telecommunications industry to foreign and private capital, which presents both opportunities and challenges for the company[112] - Currency and interest rate risks are monitored, with the company adjusting its debt structure to mitigate potential impacts from fluctuations in the RMB exchange rate and rising interest expenses[114] Future Outlook - The company plans to leverage the key opportunity of 5G development in 2021, focusing on innovation and cooperation strategies to enhance service quality and operational efficiency[41] - Future outlook indicates a focus on expanding market presence and enhancing service offerings, with strategic investments planned for new technologies and product development[72][73] - The company aims to achieve a revenue growth target of 10% year-over-year, driven by increased demand for digital services and solutions[72] Employee Development and Compensation - The total employee compensation and benefits expenditure for the year ended December 31, 2020, was approximately RMB 55.74 billion, an increase from RMB 50.52 billion in 2019[158] - The company aims to enhance employee productivity and has increased the recruitment of fresh graduates by 6% year-on-year[181] - A total of 18,000 professionals have been developed across 14 fields, including IT and operations, to strengthen talent pipelines[183] - The company has implemented a long-term incentive system to attract and retain talent effectively[183] Shareholder Engagement and Dividends - The company proposed a final dividend of RMB 0.164 per share for the year ended December 31, 2020, reflecting its commitment to providing stable returns to shareholders[122] - The company aims to maximize shareholder value through a long-term dividend policy based on financial health, business prospects, and cash flow[122] - The company actively communicates with shareholders, ensuring they receive timely and balanced information to exercise their rights[127]

Financial Performance - In the first half of 2020, the company achieved service revenue of RMB 138.3 billion, a year-on-year increase of 4.0%, surpassing the industry average growth of 3.2%[12] - The company's pre-tax profit reached RMB 9.7 billion, with profit attributable to equity holders amounting to RMB 7.6 billion, reflecting a year-on-year growth of 10.1%[12] - EBITDA for the first half of 2020 was RMB 49.5 billion, indicating enhanced profitability[12] - In the first half of the year, the company's fixed broadband access revenue increased by 5.9% year-on-year, reaching RMB 21.9 billion, with a net increase of 2.4 million fixed broadband users, totaling 85.88 million users[14] - The company achieved operating revenue of RMB 150.4 billion, a year-on-year increase of 3.8%[21] - The net profit for the first half of 2020 was RMB 7.57 billion, an increase of RMB 0.69 billion year-on-year[21] - The total cost and expenses for the first half of 2020 were RMB 140.66 billion, reflecting a year-on-year increase of 3.3%[24] - Voice service revenue decreased by 15.5% to RMB 17.25 billion, while non-voice service revenue increased by 7.6% to RMB 121.08 billion[24] Capital Expenditure and Cash Flow - Capital expenditure for the first half of 2020 was RMB 25.8 billion, effectively controlled to ensure resource savings and cooperative benefits[12] - Free cash flow remained strong at RMB 22.0 billion, indicating improved financial strength and stability[12] - The company's operating cash flow for the first half of 2020 was RMB 47.75 billion, with capital expenditures amounting to RMB 25.77 billion[21] - The company's operating cash flow for the first half of 2020 was RMB 47.75 billion, resulting in a free cash flow of RMB 21.98 billion after capital expenditures[28] - Cash and cash equivalents decreased to RMB 26,359 million from RMB 34,945 million, a decline of approximately 24.5%[37] - The company reported a significant increase in capital expenditures, with cash outflow for fixed assets and right-of-use assets rising to RMB 25,356 million from RMB 23,773 million[44] Subscriber and User Metrics - The total number of mobile subscribers reached 310 million, with mobile service revenue declining by 2.8%, a significant narrowing compared to the full year of 2019[12] - Mobile user ARPU increased by 0.2%, while total mobile internet traffic grew by 23%, with average monthly data usage per mobile user reaching approximately 9.4GB[12] - The penetration rate of integrated services among fixed broadband users reached 60%, an increase of 5 percentage points year-on-year[14] Digital Transformation and Innovation - The company is actively promoting digital transformation and enhancing differentiated and internet-based operations, leading to improved operational quality[13] - The company is actively promoting the integration of "cloud + network + smart applications" to enhance operational value and drive high-quality development[14] - The company has established strategic partnerships in key areas such as 5G, cloud computing, big data, and artificial intelligence, enhancing innovation and development momentum[17] - The company is focusing on digital transformation and leveraging new technologies such as 5G and AI to drive future growth[18] Network and Infrastructure Development - The company has successfully implemented 5G network co-construction and sharing, contributing to resource savings and win-win cooperation[12] - The company added approximately 150,000 shared 5G base stations in the first half of the year, with a total of about 210,000 available 5G base stations[16] - The company has successfully commercialized multiple 5G lighthouse projects, focusing on industrial internet, smart cities, and healthcare sectors[14] Employee and Operational Costs - Employee compensation and benefits expenses amounted to RMB 27.503 billion, up 9.2% year-on-year, accounting for 18.29% of operating revenue[27] - Operating costs, including network and operational support costs, amounted to RMB 22,220 million, up from RMB 20,800 million in 2019[54] Taxation and Financial Management - The effective tax rate for the six months ended June 30, 2020, remained at 25% for the company's subsidiaries operating in China[63] - The company's income tax expense for the six months ended June 30, 2020, was RMB 2,138 million, an increase from RMB 1,849 million in the same period of 2019, representing a growth of 15.6%[66] Shareholder and Governance Information - The company has been recognized as "Asia's Best Corporate Governance Company" by FinanceAsia and ranked 286th in Forbes Global 2000[18] - The company has maintained compliance with corporate governance codes, with no significant changes in the board's structure since the last report[143] - The audit committee has reviewed the accounting policies and internal controls for the financial reporting period ending June 30, 2020[142]

Financial Performance - In the first half of 2019, the company's service revenue reached RMB 133 billion, a year-on-year decrease of 1.1%[7] - EBITDA for the same period was RMB 49.5 billion, representing a year-on-year increase of 8.4%[7] - The company's pre-tax profit amounted to RMB 8.7 billion, with net profit attributable to equity holders reaching RMB 6.9 billion, up 16% year-on-year[7] - In the first half of 2019, the company achieved operating revenue of RMB 144.95 billion, a year-on-year decrease of 2.8%[20] - Service revenue for the same period was RMB 132.96 billion, down 1.1% year-on-year[20] - Net profit increased by RMB 0.97 billion to RMB 6.88 billion, representing a year-on-year growth[20] - The company's cash flow from operating activities was RMB 42.36 billion, with capital expenditures amounting to RMB 22.05 billion[20] - The company reported a total comprehensive income of RMB 6.84 billion for the first half of 2019, compared to RMB 5.47 billion in the same period last year[39] Subscriber and Revenue Trends - Mobile service revenue declined by 6.6% to RMB 78.7 billion, with a net increase of 9.32 million mobile subscribers, totaling 320 million[9] - The number of 4G subscribers increased by 19.01 million, reaching nearly 240 million, with a market share increase of 0.8 percentage points year-on-year[9] - Fixed broadband access revenue decreased by 4.1% to RMB 20.6 billion, with a net increase of 2.53 million broadband subscribers, totaling 83.41 million[10] - Innovative business revenue grew by 43% to RMB 16.7 billion, accounting for 13% of total service revenue[10] - Voice business revenue fell to RMB 20.41 billion, a decline of 14.9% year-on-year[24] - Non-voice business revenue grew to RMB 112.55 billion, an increase of 1.9% year-on-year[24] Capital Expenditure and Cash Flow - The company's capital expenditure was effectively controlled at RMB 22 billion, contributing to a strong free cash flow of RMB 20.3 billion[7] - The net cash flow from operating activities for the first half of 2019 was RMB 42.36 billion, with free cash flow after capital expenditures amounting to RMB 20.31 billion[34] - The company reported a net cash inflow from operating activities of RMB 42,355 million, compared to RMB 50,905 million for the same period in 2018, representing a decrease of approximately 16.5%[51] Financial Position and Assets - The asset-liability ratio as of June 30, 2019, was 44.0%[20] - Total assets as of June 30, 2019, increased to RMB 565.13 billion from RMB 540.32 billion at the end of the previous year, while total liabilities rose to RMB 248.44 billion from RMB 226.03 billion[34] - The company's total fixed assets amounted to RMB 988,004 million, a decrease from RMB 1,018,447 million as of December 31, 2018, reflecting a reduction of approximately 3%[108] - The net book value of fixed assets at the end of the period was RMB 389,649 million, down from RMB 416,596 million at the beginning of the year, indicating a decline of about 6.5%[108] Debt and Liabilities - The company reported a total long-term bank borrowings of RMB 3,023 million as of June 30, 2019, down from RMB 3,173 million as of December 31, 2018, indicating a decrease of about 4.7%[124] - The total interest-bearing debt as of June 30, 2019, was RMB 76.502 billion, with total equity of RMB 313.212 billion[138] - The company’s long-term bank borrowings in RMB had a fixed interest rate range of 1.08% to 1.20% as of June 30, 2019, consistent with the previous period[124] 5G and Network Development - The company has launched its 5G brand "5Gn" and initiated user-friendly experiences in major cities, focusing on a network scale trial in 7+33+N cities[13] - The company aims to enhance its 5G ecosystem and unique competitive advantages by investing precisely in 5G construction according to market demands and industry competition[12] - The company has accumulated 200,000 NB-IoT base stations, significantly improving its IoT business capacity[11] - The company is actively exploring various cooperation models for 5G network sharing to enhance network capabilities and industry value[13] Corporate Governance and Social Responsibility - The company has been recognized as the "Best Managed Telecom Company in Asia" by FinanceAsia and as a model for corporate governance by Corporate Governance Asia in the first half of 2019[15] - The company is committed to social responsibility and has implemented various initiatives to support national strategic plans, including the "Belt and Road" initiative[15] - The company has adhered to the Corporate Governance Code as per the Listing Rules, with the Chairman and CEO roles held by the same individual to enhance decision-making efficiency[181] Accounting Standards and Financial Reporting - The financial data for the six months ended June 30, 2019, is prepared in accordance with International Financial Reporting Standards and has been reviewed by the audit committee[56] - The company adopted the new International Financial Reporting Standards/Hong Kong Financial Reporting Standards 16, "Leases," effective January 1, 2019, which introduces a single accounting model for lessees[61] - The adoption of the new lease standard is not expected to have a significant impact on the company's financial position or performance for the current reporting period[61] Shareholder Information and Equity - The company declared a final dividend of RMB 0.134 per share for the year ended December 31, 2018, totaling approximately RMB 4.1 billion, compared to RMB 0.052 per share totaling about RMB 1.59 billion for the previous year, marking an increase of approximately 157%[122] - The company plans to grant 848 million restricted A-shares to core employees under the equity incentive plan, with the first grant of 793,861,000 shares at a subscription price of RMB 3.79 per share[134] - The company issued a total of RMB 20 billion in bonds on June 19, 2019, with a coupon rate of 3.67%[127]

中國聯合網絡通信（香港）股份有限公司 中國聯合網絡通信（香港）股份有限公司 香港皇后大道中99號中環中心75樓 電話 : (852) 2126 2018 傳真 : (852) 2126 2016 www.chinaunicom.com.hk 設計、印刷及製作：所羅門財經印刷有限公司 GIVE 年 報 2018 年報 2018 ● O Q 9 ● O 017 2 - 1 � ● l 太 能 Q ● ● ● Har li IT ul UI I II ● ""WINDER " . l %同比 產業互聯網 收入 45 3,100萬 約 移動出賬 用戶數 % 99同比 雲計算服務 收入 卓越成就 179%同比 移動手機 數據流量 %同比 458 淨利潤* *本公司權益持有者應佔盈利 市場 嘉許 亞洲 No. 1 最佳管理 電信公司 白金獎 卓越管治、環境保護 及企業社會責任 亞洲 No. 1 最受尊崇 電信企業 卓越最佳 年報 亞洲最佳 企業管治典範 O 回報 競爭力 效益 聯通世界 積極發揮 智慧生活獨特優勢 新治理 新基因 新運營 新動能 新生態 ● 創享美好 ● ● 預測性陳述 本報告中所包含的某些陳述可能被視為 ...