Financial Performance - The company's revenue for the first half of the year reached RMB 200.2 billion, showing a steady increase compared to RMB 197.3 billion in the same period last year [1] - Total profit amounted to RMB 17.7 billion, reflecting a year-on-year growth of 5.2% [1] - Net profit attributable to shareholders was RMB 6.35 billion, up from RMB 6.04 billion year-on-year [1] - The net cash flow from operating activities was RMB 29.3 billion, slightly down from RMB 30.1 billion in the previous year [1] User and Service Growth - The company surpassed 1.2 billion connected users, with net additions of over 11 million mobile and broadband users, reaching a total of 480 million [2] - The number of IoT connections increased by over 60 million, totaling 690 million, with 86 million in the automotive sector [2] - 50% of users opted for "dual-gigabit" services, and the penetration rate of integrated services exceeded 77% [2] Business Segments and Innovations - The smart network business achieved significant growth, with cloud revenue reaching RMB 376 billion [2] - The data center revenue was RMB 144 billion, marking a 9.4% increase year-on-year, with a 60% growth in AIDC contract value [2] - The company has established over 30 trusted data spaces and developed more than 100 AI intelligent agents [2] International Expansion - The company rebranded its international operations as UniCom, collaborating with over 600 global operators and 1,000 industry partners [3] - New international smart computing centers were established, enhancing the global innovation network [3] - The company is involved in several benchmark projects across ASEAN, the Middle East, Africa, and Europe [3] Network Investment and Infrastructure - Capital expenditure was RMB 20.2 billion, a 15% decrease year-on-year, with significant savings in operational expenses [3] - The company upgraded its mobile and broadband networks, achieving a data center capacity of 2,650 MW and a total computing power of 30 EFLOPS [3] - The backbone optical cable network expanded to 200,000 kilometers, with a 23% increase in international submarine cable capacity [3]

Core Viewpoint - The company reported steady growth in its operating performance for the first half of 2025, with a revenue of over RMB 200 billion, reflecting a year-on-year increase of 1.5% and a profit total of RMB 17.7 billion, up 5.2% year-on-year [4][16]. Financial Data - The company expects to receive approximately RMB 3.819 billion in dividends from its stake in China Unicom (BVI) Limited, leading to a distributable profit of about RMB 34.82 billion after accounting for expenses and statutory reserves [2][46]. - The proposed cash dividend is RMB 1.112 per 10 shares (including tax), totaling around RMB 34.77 billion to be distributed to shareholders [2][47]. Business Performance - The company achieved a revenue of RMB 1,319 billion from its connected communication services, while its smart network and data services generated RMB 454 billion, accounting for 26% of total revenue [4][5]. - International business revenue reached RMB 68 billion, marking an 11% increase year-on-year [4]. Strategic Developments - The company is focusing on enhancing its network capabilities and customer service quality, with a net increase of over 11 million mobile and broadband users, reaching a total of 480 million [5][6]. - The company is also expanding its international market presence, collaborating with over 600 global operators and establishing new overseas intelligent computing centers [10]. Investment and Innovation - Capital expenditure for the first half of 2025 was RMB 20.2 billion, a decrease of 15% year-on-year, while the company aims to optimize its network and service efficiency [11]. - The company is investing in next-generation technologies, with R&D expenses increasing by 16% year-on-year, focusing on areas such as AI and quantum technology [13]. ESG Commitment - The company is committed to green development, implementing a carbon reduction plan and operating 22 national-level green data centers [15].

Core Points - The 2025 Service Trade Fair will be held at Shougang Park from September 10 to 14, featuring the ICT exhibition as a key highlight focusing on digital service trade and high-tech industries [1][2] - The ICT exhibition will cover approximately 10,000 square meters and attract over 100 offline exhibitors and nearly 300 online exhibitors, including major companies like China Unicom, Alibaba, and international exhibitors from over 10 countries [2][3] - The exhibition will showcase outstanding digital services through special exhibits, including 11 digital products from Beijing's digital economy, emphasizing the city's capabilities in digital technology and service solutions [3][4] Exhibition Details - The ICT exhibition will adopt a "2+5+N" layout, featuring two special exhibition areas, five forums on digital economy and AI, and multiple industry salons and international trade negotiation activities [2] - The "5G Smart Global · Beijing Colorful Travel Service" theme exhibition will create a full-chain experience for international visitors, showcasing 10 experience zones related to 5G applications in various aspects of life [5][6] Digital Economy Insights - In 2024, Beijing's digital economy is projected to exceed 2.2 trillion yuan, with the information software industry generating over 3 trillion yuan in revenue, leading the nation [3] - The exhibition will also highlight the Beijing Digital Economy Enterprise Outbound Innovation Service Base, which aims to support local enterprises in international markets [4]

Core Insights - China Unicom reported a revenue of 200.2 billion yuan and a net profit of 6.349 billion yuan for the first half of 2025, marking a year-on-year growth of 5.12% [1] - The company plans to distribute a cash dividend of 1.112 yuan per 10 shares, reflecting a 16% increase compared to the previous year [1] Group 1: Financial Performance - The operating cash flow for the first half of the year decreased by 2.8% year-on-year due to slower payment collection in the new intelligent network business compared to traditional communication services [1] - Capital expenditure for the first half of 2025 was 20.2 billion yuan, a decline of 15% year-on-year, with an expected annual fixed asset investment of around 55 billion yuan [1][2] Group 2: Strategic Focus - The company is shifting its investment focus from traditional mobile and broadband services to IDC and cloud services, with a projected investment decline of over 10% in 2024 and 2025 [2] - China Unicom is enhancing its network capabilities by building intelligent computing centers and increasing data center capacity to 2,650 MW, with a total intelligent computing scale reaching 30 EFLOPS [2] Group 3: Business Development - Revenue from the connected communication segment reached 131.9 billion yuan, while intelligent network revenue was 45.4 billion yuan, accounting for 26% of total revenue [3] - The company has seen a 9.4% year-on-year growth in data center revenue, with significant increases in AIDC contract amounts, indicating a strengthening market position [3] - International business revenue grew by 11% year-on-year, with the establishment of five new overseas intelligent computing centers enhancing global service capabilities [3]

Core Viewpoint - China Unicom reported a modest growth in revenue and profit for the first half of 2025, indicating a shift towards digital and intelligent services while facing a decline in traditional investment areas [1][4]. Financial Performance - The company achieved an operating revenue of 200.2 billion yuan, a year-on-year increase of 1.5%, and a total profit of 17.7 billion yuan, up 5.2% [1]. - The revenue from connected communication services reached 131.9 billion yuan, while the smart network business generated 45.4 billion yuan, accounting for 26% of total revenue [1]. - International business revenue grew by 11% to 6.8 billion yuan [1]. Business Segments - The smart network business saw significant growth, with cloud revenue at 37.6 billion yuan and data center revenue at 14.4 billion yuan, the latter increasing by 9.4% year-on-year [2]. - 5G private network revenue surged by 60%, with over 50,000 5G application projects implemented [2]. - The total number of connected users exceeded 1.2 billion, with net additions of over 11 million mobile and broadband users [3]. Investment Trends - Capital expenditure for the first half of 2025 was 20.2 billion yuan, a decrease of 15% compared to the previous year [4]. - The company is shifting its investment focus from traditional connectivity to areas like Internet Data Centers (IDC) and cloud services, with a projected fixed asset investment of around 55 billion yuan for 2025 [4]. - Future investments are expected to stabilize, with a narrowed decline, as the company adapts to market changes and technological advancements [4]. Strategic Outlook - The chairman highlighted the transition of networks from communication and internet to data and intelligent networks, emphasizing the higher technological content and market potential of network assets [3]. - The company is actively pursuing advancements in 6G, low-altitude intelligent networks, satellite internet, and quantum technology [4].

Group 1: China Unicom - Company revenue exceeded RMB 200 billion in the first half of the year, with a total profit of RMB 17.7 billion, representing a year-on-year increase of 5.2% [1] - Internet communication revenue reached RMB 131.9 billion, while intelligent network revenue amounted to RMB 45.4 billion, accounting for 26% of total revenue [1] - The number of connected users surpassed 1.2 billion, with mobile and broadband users increasing by over 11 million, reaching a total of 480 million [1] Group 2: Kweichow Moutai - The net profit for the first half of the year increased by 8.89%, with favorable factors outweighing unfavorable ones [2] Group 3: Shuanghui Development - The company reported a total meat product export volume of 1.57 million tons, a year-on-year increase of 3.67%, and total revenue of RMB 28.5 billion, up 3.00% [4] - The total profit decreased by 2.36%, while the net profit attributable to shareholders rose by 1.17% due to improved profitability in tax-exempt businesses [4] Group 4: Pengding Holdings - The company achieved a revenue of RMB 16.375 billion, a year-on-year increase of 24.75%, and a net profit of RMB 1.233 billion, up 57.22% [6] - The increase in revenue was attributed to a rise in customer orders [6] Group 5: Jinlongyu - The company reported a net profit increase of 60.07%, with revenue reaching RMB 115.68 billion, up from RMB 109.48 billion [9] - The growth in revenue was driven by increased sales of kitchen foods, feed raw materials, and oil technology products [9] Group 6: Other Companies - Zhenray Technology reported a turnaround in net profit due to significant growth in main business revenue [12] - Zhongke Sanhuan achieved a net profit increase of 160.82%, despite a revenue decline of 11.17% [16]

证券代码：600050 证券简称：中国联通 公告编号：2025-036 中国联合网络通信股份有限公司 关于 2025 年半年度利润分配的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●每股派发现金红利 0.1112 元（含税） ●本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体 日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前，中国联合网络通信股份有限公司（以 下称"公司"或"本公司"）若发生可参与利润分配的总股本变动，拟维持 分配总额不变，相应调整每股分红比例，并将在相关公告中披露。 ●本次利润分配方案尚待公司股东大会审议通过后方可实施。 一、利润分配方案内容 本公司通过中国联通（BVI）有限公司持有中国联合网络通信（香港）股 份有限公司（以下简称"联通红筹公司"）的股权，按本公司章程规定，应 将自联通红筹公司分红所得现金在扣除公司日常现金开支、税费及法律法规 规定应当提取的各项公积金后，以现金方式全额分配给股东。 联通红筹公司董事会于 2025 年 8 月 12 日提议派发 ...

证券代码：600050 证券简称：中国联通 公告编号：2025-034 中国联合网络通信股份有限公司 （四）会议应出席董事13名，亲自出席董事13名。会议出席情况符合《公 司章程》的规定。 第八届董事会第十五次会议决议 公 告 （五）本次会议由董事长陈忠岳先生主持，全体监事和部分高级管理人 员等列席了本次会议。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 （二）本次会议的会议通知于2025年8月6日以电子邮件形式通知了公司 全体董事、监事以及其他参会人员。所有参会人员确认已经充分了解并知悉 会议审议事项和内容，无任何异议。 （三）本次会议于2025年8月12日在北京市西城区金融大街21号联通大厦 A2001会议室以现场、视频结合方式召开。 二、董事会会议审议情况 （一） 审议通过了《关于 2025 年半年度报告的议案》，并请董事会秘 书及相关人员依据该报告编制公司 2025 年半年度报告摘要。 详见与本公告同日登载在上海证券交易所及本公司网站的《公司 2025 年 半年度报告》及《公司 2025 年 ...

中国联合网络通信股份有限公司 2025年半年度报告 公司代码：600050 公司简称：中国联通 中国联合网络通信股份有限公司 第1/153页 中国联合网络通信股份有限公司 2025年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人陈忠岳、主管会计工作负责人李玉焯及会计机构负责人（会计主管人员）赵兴富 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司董事会审议的报告期利润分配预案如下：本公司通过中国联通（BVI）有限公司持有中国 联合网络通信（香港）股份有限公司 （以下简称"联通红筹公司"） 的股权，按本公司章程规 定，应将自联通红筹公司分红所得现金在扣除公司日常现金开支、税费及法律法规规定应当提取 的各项公积金后，以现金方式全额分配给股东。 联通红筹公司董事会于2025年8月12日提议派发2025年半年度股利，每股派发股 ...

Core Viewpoint - China Unicom's 2025 semi-annual report highlights steady growth in revenue and profit, driven by strategic innovation and optimization in business structure, with a focus on digital transformation and customer service enhancement [7][10][15]. Financial Performance - Total assets decreased by 1.1% to RMB 665.47 billion compared to the previous year [2] - Operating revenue increased by 1.5% to RMB 200.20 billion [2] - Total profit reached RMB 17.70 billion, a 5.2% increase year-on-year [2] - Net profit attributable to shareholders rose to RMB 5.58 billion, up 10.3% [2] Business Structure and Growth - Revenue from connected communications reached RMB 131.90 billion, while smart network revenue was RMB 45.40 billion, accounting for 26% of total revenue [7] - International business revenue grew by 11% to RMB 6.80 billion [7] - Strategic emerging industries accounted for 86% of total revenue, indicating a shift towards high-quality growth [7] Customer Engagement and Service Quality - The number of connected users surpassed 1.2 billion, with net additions of over 11 million in mobile and broadband users [7] - Customer satisfaction improved, with 50% of users opting for "dual-gigabit" services [8] - The company upgraded its service offerings, enhancing customer experience through various digital platforms [8][9] Technological Advancements - The company reported a strong performance in its cloud services, with revenue reaching RMB 37.60 billion [10] - Data center revenue increased by 9.4% to RMB 14.40 billion, with significant growth in AI-driven services [10] - The company is advancing its 5G applications, with a 60% increase in revenue from 5G private networks [11] Investment and Infrastructure - Capital expenditure was RMB 20.20 billion, a 15% decrease, reflecting a focus on efficiency [12] - The company is enhancing its network capabilities, achieving over 99% population coverage for mobile networks [12] - The backbone network has expanded to 200,000 kilometers, improving global connectivity [13] Corporate Social Responsibility and Governance - The company is committed to green development and has launched initiatives to reduce carbon emissions [15] - It has been recognized for its governance practices, receiving top ratings for board performance [15] - The company aims to enhance shareholder returns, proposing a mid-term dividend of RMB 0.1112 per share, a 16% increase [15][16]