Major Events - Kangji Medical (09997) received a privatization offer at a premium of approximately 9.9% [1] - China Resources Pharmaceutical (03320) plans to participate in the establishment of a fund [1] - Ganfeng Lithium (01772) intends to jointly integrate a joint venture with LAR to develop the Pozuelos-Pastos Grandes salt lake basin in Argentina [1] - China Antibody-B (03681) signed a comprehensive strategic cooperation agreement with the Hong Kong Advanced Institute of Research at Sun Yat-sen University [1] - Mingyuan Cloud (00909) plans to acquire 100% equity of ASIOT Corporation for 700 million yen [1] - Weilu Group (01196) experienced unusual stock price and trading volume changes and is in preliminary discussions with an independent third party regarding a potential acquisition of mobile game rights [1] Operating Performance - China Unicom (00762) reported revenue exceeding 200 billion yuan in the first half of the year, with a profit attributable to equity holders of 14.484 billion yuan, a year-on-year increase of 5.01% [1] - China Unicom (00762) had approximately 1.208 billion cumulative "Ubiquitous Intelligent Connection" users in the second quarter [1] - Tencent Music (01698) achieved double growth in revenue and profit in the first half of the year, with a profit attributable to equity holders of 6.7 billion yuan, a year-on-year increase of 115.85% [1] - Galaxy Entertainment (00027) reported a mid-term profit attributable to shareholders of 5.24 billion HKD, a year-on-year increase of 19.44% [1] - WH Group (00288) reported a mid-term profit attributable to shareholders of 788 million USD, a year-on-year increase of 0.51%, with an interim dividend of 0.2 HKD per share [1] - Minmetals Resources (01208) reported a mid-term profit attributable to equity holders of 340 million USD, a year-on-year increase of 1511% [1] - China Literature Group (00772) reported a mid-term profit attributable to shareholders of 850 million yuan, a year-on-year increase of 68.5% [1] - Hong Kong Electric (02638) reported a mid-term profit attributable to unit holders of 1.001 billion HKD, a year-on-year increase of 5.7% [1] - 361 Degrees (01361) reported a mid-term profit attributable to equity holders of 858 million yuan, a year-on-year increase of 8.6% [1] - Eagle Precision (01286) reported a mid-term profit attributable to equity holders of 346 million HKD, a year-on-year increase of 13.7% [1] - China Everbright Water (01857) reported a mid-term profit attributable to equity holders of 564 million HKD, a year-on-year decrease of 2.99% [1] - FIT HON TENG (06088) reported a mid-term profit attributable to shareholders of 31.511 million USD, a year-on-year decrease of 3.11% [1] - China Lilang (01234) reported a mid-term profit attributable to equity holders of 243 million yuan, a year-on-year decrease of 13.4% [1] - Fudan Zhangjiang (01349) reported a mid-term profit attributable to shareholders of 5.715 million yuan, a year-on-year decrease of 91.89% [1] - Wharf Holdings (00004) reported a mid-term profit attributable to shareholders of 535 million HKD, returning to profitability [1] - China Resources Land (01109) reported a cumulative contract sales amount of approximately 123.6 billion yuan for the first seven months, a year-on-year decrease of 11.8% [1]

Core Viewpoint - China Unicom reported a revenue of 200.2 billion yuan for the first half of 2025, marking a year-on-year growth of 1.5%, and a net profit of 6.349 billion yuan, up 5.1% year-on-year, while proposing a cash dividend of 1.112 yuan per share [2] Group 1: Financial Performance - The company achieved a revenue of 200.2 billion yuan in H1 2025, with a 1.5% increase compared to the previous year [2] - The net profit attributable to shareholders reached 6.349 billion yuan, reflecting a 5.1% year-on-year growth [2] - A total of approximately 3.477 billion yuan will be distributed as dividends to shareholders [2] Group 2: Strategic Development - China Unicom is advancing the integration of its two main businesses: network communication and intelligent computing, leading to the highest revenue growth rate in the industry [2] - The company is focusing on "three new directions," enhancing its service capabilities for technology enterprises, which is expected to generate new value [3] Group 3: Network and Technology Evolution - The company is transitioning its network assets from traditional communication to data, computing, and intelligent networks, enhancing the technological content and market potential of its network assets [2][3] - The integration of computing, data, and intelligence is anticipated to create greater new value for the company [3] Group 4: Talent and Investment Strategy - China Unicom is optimizing its talent structure to enhance capabilities in artificial intelligence, big data, and cloud computing, aiming to expand its technology talent pool [4] - The company maintains a "steady, precise, and moderate" capital expenditure strategy, with fixed asset investments projected to be around 55 billion yuan in 2025, reflecting a decline of over 10% [5]

8月12日中国联通发布2025半年度分配预案，拟10派1.112元(含税)，预计派现金额合计为34.77亿元。派 现额占净利润比例为54.77%，这是公司上市以来，累计第27次派现。 公司上市以来历次分配方案一览 日期分配方案派现金额合计(亿元)股息率(%) 2025.06.30 10派1.112元(含税) 34.77 1.92 2024.12.31 10派0.621元(含税) 19.42 1.25 2024.06.30 10派0.959元(含税) 30.00 2.09 2023.12.31 10派0.524元(含税) 16.39 0.99 2023.06.30 10派0.796元(含税) 24.91 1.46 2022.12.31 10派0.427元(含税) 13.36 1.05 2022.06.30 10派0.663元(含税) 20.19 1.81 2021.12.31 10派0.391元(含税) 11.92 0.92 2021.06.30 10派0.488元(含税) 14.87 1.11 2020.12.31 10派0.669元(含税) 20.40 1.26 2019.12.31 10派0.604元(含 ...

Group 1: Company Announcements - Jiangsu Sopo plans to raise no more than 1.5 billion yuan through a private placement to expand into the vinyl acetate sector [2] - Fudan Zhangjiang reported a net profit of 5.71 million yuan for the first half of the year, a decrease of 91.89% year-on-year [3] - China Unicom's net profit for the first half of the year reached 6.349 billion yuan, an increase of 5.1% year-on-year [8] - Jinlongyu reported a net profit of 1.756 billion yuan for the first half of the year, a significant increase of 60.07% year-on-year [9] - Shuanghui Development's net profit increased by 1.17% year-on-year, with a proposed cash dividend of 6.5 yuan per 10 shares [13] Group 2: Financial Performance - Jiangsu Sopo's revenue for the first half of the year was 3.158 billion yuan, a decrease of 1.08% year-on-year, with a net profit decline of 13.01% [2] - Fudan Zhangjiang's revenue for the first half of the year was 390 million yuan, down 4.42% year-on-year [3] - China Unicom's revenue for the first half of the year was 200.202 billion yuan, an increase of 1.5% year-on-year [8] - Jinlongyu's revenue for the first half of the year was 115.682 billion yuan, up 5.67% year-on-year [9] - Shuanghui Development's revenue for the first half of the year was 28.414 billion yuan, an increase of 2.97% year-on-year [13] Group 3: Shareholder Actions - China Shipbuilding announced a cash option price of 4.03 yuan per share for dissenting shareholders [4] - Jiangsu Sopo disclosed plans for a private placement to raise funds for its expansion [2] - Wintime Holdings announced that a shareholder plans to reduce its stake by no more than 1% [6] - Huajian Group's major shareholder also plans to reduce its stake by no more than 1% [7] - Yinxin Technology's executives plan to collectively reduce their holdings by no more than 0.57% [11]

Core Insights - China Unicom reported a mid-year revenue exceeding RMB 200 billion, with a year-on-year growth of 1.5% [1] - The company's pre-tax profit reached RMB 17.8 billion, reflecting a 5.1% increase year-on-year [1] - The profit attributable to equity holders was RMB 14.484 billion, up 5.01% year-on-year, with earnings per share at RMB 0.47 and an interim dividend proposed at RMB 0.2841 per share [1] Financial Performance - Operating cash flow for the first half of 2025 was RMB 29 billion, while capital expenditure amounted to RMB 20.22 billion [1] - As of June 30, 2025, the company's debt-to-asset ratio stood at 43.7% [1] Business Structure and Growth - The revenue from connected communications reached RMB 131.9 billion, while intelligent network revenue was RMB 45.4 billion, accounting for 26% of total revenue [1] - International business revenue grew by 11% to RMB 6.8 billion, and revenue from strategic emerging industries increased to 86%, becoming a new driver for high-quality development [1] User Growth and Network Development - The total number of connected users surpassed 1.2 billion, with net additions of over 11 million mobile and broadband users, marking a recent high of 480 million [1] - The number of IoT connections increased by over 60 million, totaling 690 million, with 86 million in the automotive IoT sector, reinforcing the company's leading position [1] Operational Efficiency - The company achieved significant results in precise network construction and intelligent network management, with capital expenditure decreasing by 15% year-on-year to RMB 20.2 billion [2] - The implementation of a simplified network is progressing, leading to an annual OPEX savings of nearly RMB 1 billion, and data center resource utilization exceeding 70% [2] - The company emphasizes high-standard construction and efficient operations, enhancing network layout, capability, and security [2]

Core Viewpoint - 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, indicating a year-on-year growth of 1.5% and 5.12% respectively, as the company accelerates AI integration into network operations [1][2] Financial Performance - China Unicom's revenue reached 200.2 billion yuan, a 1.5% increase year-on-year, with a net profit of 6.349 billion yuan, reflecting a 5.12% growth [2] - The company plans to distribute a cash dividend of 1.112 yuan per 10 shares, a 16% increase from the previous year, totaling approximately 3.477 billion yuan [2] - Operating cash flow for China Unicom decreased by 2.8% year-on-year, attributed to the slower return on investment in the new intelligent network business compared to traditional communication services [3] Capital Expenditure - China Unicom's capital expenditure for the first half of 2025 was 20.2 billion yuan, a 15% decrease year-on-year, with an annual investment forecast of around 55 billion yuan [4] - The company emphasizes a cautious approach to capital expenditure, focusing on optimizing investment structure and enhancing investment efficiency [4] - Investment priorities have shifted from traditional connectivity to intelligent data centers and cloud services, with a continuous decline in overall investment scale since 2022 [4] Business Development - The intelligent network business of China Unicom showed strong growth, with revenue from this segment reaching 45.4 billion yuan, accounting for 26% of total revenue [7] - The company has made significant advancements in AI applications, with cloud revenue hitting 37.6 billion yuan and data center revenue increasing by 9.4% year-on-year [8] - China Unicom's user base surpassed 1.2 billion, with notable growth in mobile and broadband users, and a net increase of over 60 million IoT connections [8] International Expansion - China Unicom has established a more comprehensive international intelligent computing layout, including five new overseas intelligent computing centers [8] - The company is actively providing digital services to over 280 cloud service providers and connecting more than 400 data centers globally [8]

（文章来源：证券日报） 证券日报网讯 8月12日晚间，中国联通发布公告称，公司聘任公司高级副总裁朱汉武先生为公司总法律 顾问。 ...

8月12日中国联通发布2025半年度分配预案，拟10派1.112元（含税），预计派现金额合计为34.77亿元。 派现额占净利润比例为54.77%，这是公司上市以来，累计第27次派现。 公司上市以来历次分配方案一览 （文章来源：证券时报网） 证券时报·数据宝统计显示，公司今日公布了半年报，共实现营业收入2002.02亿元，同比增长1.45%， 实现净利润63.49亿元，同比增长5.12%，基本每股收益为0.203元，加权平均净资产收益率为3.73%。 资金面上看，该股今日主力资金净流入8010.59万元，近5日主力资金净流入261.34万元。 两融数据显示，该股最新融资余额为32.30亿元，近5日增加6466.49万元，增幅为2.04%。 按申万行业统计，中国联通所属的通信行业共有4家公司公布了2025半年度分配方案，派现金额最多的 是中国移动，派现金额为540.83亿元，其次是中国联通、威胜信息，派现金额分别为34.77亿元、1.22亿 元。（数据宝） 2025半年度通信行业分红排名 | 代码 | 简称 | 每10股送转 | 每10股派现 | 派现金额（万 | | 派现占净利润比例 | 股息率 | | --- ...

证券日报网讯 8月12日晚间，中国联通发布公告称，公司第七届监事会第二十三次会议审议通过了《关 于2025年半年度报告的议案》《关于2025年半年度利润分配的议案》。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 8月12日晚间，中国联通发布公告称，公司第八届董事会第十五次会议审议通过了《关于 2025年半年度报告的议案》等多项议案。 ...