Core Insights - China Unicom reported a revenue of RMB 293 billion for the first three quarters of 2025, reflecting a year-on-year increase of 1.0% [1] - Service revenue reached RMB 261.6 billion, showing a year-on-year growth of 1.1% [1] - Profit attributable to equity holders amounted to RMB 20 billion, which is a year-on-year increase of 5.1% [1]

Core Insights - China Unicom reported a revenue of RMB 292.985 billion for the first three quarters of 2025, reflecting a year-on-year increase of 1% [1] - The service revenue reached RMB 261.6 billion, up 1.1% year-on-year, while the profit attributable to equity holders was RMB 20 billion, marking a 5.1% increase [1] Group 1: Financial Performance - The total revenue for the first three quarters of 2025 was RMB 293 billion, with a year-on-year growth of 1.0% [1] - The pre-tax profit stood at RMB 24.7 billion, and the profit attributable to equity holders was RMB 20 billion, showing a year-on-year increase of 5.1% [1] Group 2: User Growth and Connectivity - Mobile users reached 356 million, with a net increase of 12.48 million, while fixed broadband users totaled 129 million, with a net increase of 6.79 million [1] - The number of IoT connections surpassed 700 million, indicating a strong growth in connectivity [1] Group 3: Digital Transformation and Cloud Services - The cloud revenue amounted to RMB 52.9 billion, and the revenue from data centers was RMB 21.4 billion, reflecting an 8.9% year-on-year increase [2] - The company is focusing on deepening the integration of 5G, AI, and industrial internet to enhance service offerings across various industries [2] Group 4: Network Investment and Upgrades - The company is committed to high-standard construction and efficient operations, leading to significant improvements in network capabilities [2] - The transition from 5G to 5G-A and from gigabit to ten-gigabit broadband networks has notably enhanced user experience [2] Group 5: Research and Development - Investment in R&D increased by 5.9% year-on-year, focusing on next-generation internet, big data, AI, and cybersecurity [2] - The company has received a license for satellite mobile communication services, indicating a strategic move into advanced technologies [2]

每经AI快讯，10月22日，中国联通前三季度营业收入人民币2,930亿元，同比提升1.0%；公司权益持有 者应占盈利人民币200亿元，同比提升5.1%。 （文章来源：每日经济新闻） ...

网络投资提质增效。坚持高标準建设、高效率运营，全面深化共建共享、共维共优，实现网络能力显著 提升。推进移动网络从5G到5G-A、宽带网络从千兆到万兆的向新升级，实现用户体验显著提升。加大 算力网络创新供给，智算总规模超过35EFLOPS。 科创实力不断增强。聚焦下一代互联网、大数据、人工智能、网络安全等关键技术，加强6G、低空智 联网、卫星互联网、具身智能、量子科技等前沿布局，获得工业和信息化部颁发的卫星移动通信业务经 营许可。加大投入力度，研发费用同比增长5.9%，形成更多标志性成果。 联网通信稳中有进。联接规模持续拓展，移动用户达到3.56亿户，净增1248万户，固网宽带用户达到 1.29亿户，净增679万户，宽移用户净增规模创近年同期新高;物联网连接数突破7亿个。持续深化融合 发展，填充新业务元素，拓展用户规模价值，融合套餐用户ARPU保持人民币百元以上。 算网数智提能升级。算力业务实现规模突破，联通云收入529亿元。数据中心适智化改造成效明显，数 据中心收入214亿元，同比提升8.9%。持续深化数智融合、数实融合，推动5G、AI与工业互联网深度结 合，赋能千行百业全面升级，5G虚拟专网累计服务客户超过 ...

Core Insights - China Unicom (600050)(00762) projects that by September 2025, the total number of ubiquitous intelligent connection users will reach approximately 1.234 billion [1] - The number of 5G network users is expected to reach approximately 225 million by September 2025 [1] - The cumulative number of Internet of Things (IoT) terminal connections is projected to reach approximately 703 million [1] - The number of customers for 5G industry virtual private network services is reported to be 21,688 [1] - By September 2025, the problem resolution rate for smart customer service is expected to reach 98.9% [1]

中国联通：前三季度营业收入人民币2,930亿元，同比提升1.0%；公司权益持有者应占盈利人民币200亿 元，同比提升5.1%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 ...

Core Viewpoint - China Unicom is actively engaging in partnerships and technological advancements to enhance its service offerings and market position in the telecommunications sector. Group 1: Company Developments - China Unicom's stock rose by 0.73% with a trading volume of 1.328 billion yuan and a market capitalization of 173.205 billion yuan [1] - The company is collaborating with Alibaba, ZTE, and the Ministry of Industry and Information Technology to develop an IoT blockchain framework, aiming to improve trust, security, cost efficiency, and operational speed [2] - In its 2023 annual report, China Unicom has focused on leveraging policies related to "Digital China" and "Data Element X" to enhance its data service capabilities, achieving over 50% market share in the data service sector for five consecutive years [2] - The company has adopted NFC-based mobile payment standards in partnership with China Telecom and Bank of Communications to advance the mobile payment industry [2] Group 2: Industry Initiatives - China Unicom, along with China Mobile, China Telecom, and China Broadcasting Network, will launch 5G inter-network roaming services by May 2024, allowing users to access 5G networks from other operators without changing their SIM cards or incurring extra costs [3] - The "Smart Home" initiative was launched in March 2015, introducing a comprehensive information service solution for families, which allows for the sharing of broadband, data, voice, and SMS services among family members [3] Group 3: Financial Performance - As of June 30, 2025, China Unicom reported a revenue of 200.202 billion yuan, a year-on-year increase of 1.45%, and a net profit of 6.349 billion yuan, up by 5.12% [9] - The company has distributed a total of 39.012 billion yuan in dividends since its A-share listing, with 15.904 billion yuan distributed in the last three years [9] Group 4: Shareholder Information - As of June 30, 2025, China Unicom had 556,900 shareholders, a decrease of 6.02% from the previous period, with an average of 55,248 shares held per shareholder, an increase of 6.41% [9] - Major shareholders include Hong Kong Central Clearing Limited, which holds 1.314 billion shares, and several ETFs that have increased their holdings [9]

Market Overview - On October 22, the communication services sector rose by 0.32% compared to the previous trading day, with Sanwei Communication leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Sanwei Communication (002115) closed at 12.39, up 5.00% with a trading volume of 2.4879 million shares and a transaction value of 3.005 billion [1] - Yuandao Communication (301139) closed at 21.93, up 2.00%, with a trading volume of 98,500 shares and a transaction value of 215 million [1] - Zhongbei Communication (603220) closed at 23.78, up 1.97%, with a trading volume of 129,500 shares and a transaction value of 305 million [1] - Other notable performers include Nanling Technology (300921) up 1.93% and China Unicom (600050) up 0.73% [1] Fund Flow Analysis - The communication services sector experienced a net outflow of 136 million from institutional investors, while retail investors saw a net inflow of 120 million [2] - The overall net inflow from speculative funds was 15.8 million [2] Individual Stock Fund Flow - Zhongbei Communication had a net inflow of 41.91 million from institutional investors, while retail investors had a net outflow of 31.29 million [3] - Sanwei Communication saw a net inflow of 27.44 million from institutional investors, with retail investors contributing a net inflow of 56.14 million [3] - Yuandao Communication had a net inflow of 18.47 million from institutional investors, but a significant net outflow of 31.14 million from retail investors [3]

近日，通信行业迎来历史性突破——中国电信与中国联通在山东成功打通业界首个跨运营商可溯源 VoWiFi 通话，为解决蜂窝网络室内弱覆盖导致的语音、短信难 题提供跨运营商方案。 即使双方使用不同运营商（如电信用户呼叫联通用户），在 WiFi 环境下也能显示真实号码拨号，通话计入套餐时长，并支持精准溯源保障安全。 早在2022年5月20日，上海电信就成功打通了全球第一个具备端到端带溯源能力的 VoWiFi 电话。 看到这里，可能一些小伙伴对 VoWiFi 比较迷茫，也有人会将其与 VoLTE 和 VoNR 混淆。 VoLTE (Voice over LTE)是一种基于 4G 网络的语音通信技术，它允许语音服务直接通过 4G 网络传输，而不需要回落到 3G 或 2G 网络。 VoNR（Voice over New Radio）则可以看作是 VoLTE 在 5G 时代的升级版，它利用 5G 网络来承载语音服务。相较于 VoLTE，VoNR 在通话质量、接通速度和视频 分辨率等方面都有显著提升。此外，VoNR 在通话过程中不会中断数据连接，确保了语音和数据业务的同时进行。比如玩游戏、观看视频或进行其他需要网络连 接的活动 ...

10月22日，苹果中国官网显示，iPhone Air正式发售。 图片来源：苹果官网 该机型通过eSIM激活，不支持实体SIM卡。该机型提供深空黑色、云白色、浅金色和天蓝色外观，起步存储容量为256GB，并提供512GB和1TB配置，起售 价为7999元。 据鲁中晨报，苹果表示，"在中国大陆，中国移动、中国电信和中国联通均可为本产品提供 eSIM 支持。从apple.com购买的未接入运营商网络的iPhone均为 无合约机。也就是说，你不会受限于某家网络提供商或某个多年期服务合约。你可以选择适合自己的网络和资费。你的新iPhone激活后仍然是无合约机，你 可以使用任何为iPhone提供服务的网络。" 关于国际旅行支持，苹果表示："对于全球旅行，你的运营商可能会提供方便、实惠的国际漫游套餐选项。此外，当你到中国大陆以外的地方旅行时，也可 激活旅行用eSIM。所有iPhone机型均为全球通用手机，几乎可在任何地方使用。你可在世界各地200多个国家和地区通过GSM网络进行国际漫游。" 中国电信、中国联通、中国移动均已获得开展eSIM手机运营服务商用试验的批复，eSIM手机业务将在国内31个省区市正式上市销售。但需要指 ...