Core Insights - The introduction of eSIM technology is gaining attention, especially with the launch of Apple's iPhone Air, which exclusively supports eSIM [1] - Major Chinese telecom operators have confirmed their support for eSIM services, with varying timelines for availability [1] Group 1: eSIM Adoption by Telecom Operators - China Mobile has already supported eSIM services and will announce further details soon [1] - China Unicom supports eSIM but has not yet set a date for service activation; currently, it is the only operator providing eSIM support for the iPhone Air in mainland China [1] - China Telecom is fully prepared for eSIM services and expects to launch them shortly after receiving official approval from the Ministry of Industry and Information Technology [1] Group 2: Benefits of eSIM Technology - eSIM eliminates the need for physical SIM cards, allowing for a more compact phone design and potentially larger battery capacity [2] - The technology facilitates easier carrier switching without the need for physical SIM card changes, enhancing user convenience [2] - eSIM enhances security as it cannot be removed from the device, reducing the risk of misuse if the phone is stolen [2] - Telecom operators can save costs by not having to produce and distribute physical SIM cards, which can add up significantly given their large user bases [2] Group 3: Global eSIM Market Trends - Over 400 telecom operators worldwide support eSIM services, with an average of over 50 consumer devices compatible with eSIM [3] - eSIM technology is particularly beneficial for devices where changing physical SIM cards is challenging, such as connected cars and drones [3]

Investment Rating - The report maintains a "Buy" rating for China Unicom, expecting the stock price to outperform the industry index by more than 15% in the next six months [4][16]. Core Views - China Unicom has officially entered the satellite mobile communication sector, focusing on satellite and industry development, which is expected to enhance its service offerings in emergency communication, maritime communication, and remote area communication [1]. - The company is actively exploring the integration of satellite technology with vertical industries, such as vehicle networking and the Internet of Things (IoT), which will drive innovation and application in various sectors [2]. - The report forecasts revenue growth for China Unicom, projecting revenues of 418.4 billion yuan, 454.8 billion yuan, and 496.7 billion yuan for the years 2025, 2026, and 2027 respectively, alongside net profits of 9.9 billion yuan, 10.9 billion yuan, and 12.2 billion yuan for the same years [3]. Financial Summary - Revenue for 2023 is projected at 372.6 billion yuan, with a year-over-year growth rate of 5.0%. This is expected to increase to 496.7 billion yuan by 2027, with a growth rate of 9.2% [1][8]. - The net profit attributable to the parent company is expected to rise from 8.2 billion yuan in 2023 to 12.2 billion yuan in 2027, reflecting a compound annual growth rate of approximately 12.1% [1][8]. - The report indicates an improvement in key financial ratios, with the return on equity (ROE) expected to increase from 5.2% in 2023 to 6.3% in 2027 [1][8].

9月11日，中国联通大宗交易成交98.24万股，成交额566.84万元，占当日总成交额的0.1%，成交价5.77元，较市场收盘价5.77元持平。 | | | ...

具体到个股来看，74股特大单净流入超2亿元，海光信息特大单净流入33.58亿元，净流入资金规模居首；立讯精密特大单净流入资金30.60亿元， 位列第二；净流入资金居前的还有中际旭创、新易盛、中科曙光等。特大单净流出股中，中国联通特大单净流出资金6.42亿元，净流出资金最 多；利欧股份、三维通信特大单净流出资金分别为5.99亿元、5.00亿元，净流出资金规模位列第二、第三。 股价表现方面，特大单资金净流入超2亿元个股今日平均上涨9.35%，表现强于沪指。具体看，上述个股今日全线上涨，股价以涨停收盘的有海光 信息、金信诺等。 所属行业来看，上述特大单净流入资金居前个股中，电子、电力设备、通信行业最为集中，上榜个股分别有23只、12只、9只。（数据宝） 特大单净流入资金排名 （原标题：主力动向：9月11日特大单净流入446.64亿元） 两市全天特大单净流入446.64亿元，其中74股特大单净流入超2亿元，海光信息特大单净流入33.58亿元，特大单净流入资金居首。 沪指今日收盘上涨1.65%。资金面上看，沪深两市全天特大单净流入446.64亿元，共计2081股特大单净流入，2781股特大单净流出。 从申万一级行业来看 ...

Core Viewpoint - China Unicom is focusing on enhancing its cloud services and expanding its 5G network capabilities, while also exploring opportunities in blockchain and smart home technologies [2][3]. Financial Performance - In 2024, China Unicom reported a revenue of RMB 200.2 billion, a year-on-year increase of 1.45%, and a net profit attributable to shareholders of RMB 6.349 billion, up 5.12% [8]. - The company achieved a significant revenue increase in its cloud services, with a reported income of RMB 26.87 billion, representing a 142% year-on-year growth [2]. Strategic Initiatives - China Unicom is collaborating with Alibaba, ZTE, and the Ministry of Industry and Information Technology to develop an IoT blockchain framework, aiming to enhance trust, security, and operational efficiency [2]. - The company is set to launch a 5G roaming service in collaboration with other major telecom operators, allowing users to access 5G networks seamlessly without changing their SIM cards or incurring additional costs [3]. Market Position - As of September 11, China Unicom's stock price increased by 0.17%, with a total market capitalization of RMB 180.396 billion [1]. - The company has a diversified revenue structure, with broadband and mobile data services accounting for 38.49% of total revenue, followed by data and other internet applications at 27.48% [8]. Shareholder Information - As of June 30, China Unicom had 556,900 shareholders, with an average of 55,248 shares held per shareholder, reflecting a slight increase in shareholding concentration [8][9]. - The company has distributed a total of RMB 35.536 billion in dividends since its A-share listing, with RMB 12.427 billion in the last three years [9].

转自：贝壳财经 【#最薄手机目前只支持联通##iPhone Air只能选用中国联通# 】北京时间9月10日凌晨，在苹果2025秋 季新品发布会上，iPhone 17、iPhone Air、iPhone 17 Pro等产品悉数亮相。其中，号称"史上最薄"的 iPhone Air引发关注。据悉，iPhone Air取消了实体SIM卡槽，仅支持双eSIM，用户可激活两个eSIM。但 截至目前，国内仅中国联通一家运营商支持eSIM，这意味着购买iPhone Air的用户必须选用中国联通的 移动通信服务。9月11日上午，极目新闻记者就此事联系苹果(中国)官方客服，工作人员表示，国行版 包括港版目前都只支持eSIM，不需要实体卡槽，目前中国联通有这样的业务，需要用户到线下营业厅 激活方可使用。据该工作人员透露，目前除了中国联通，有消息称，中国电信后续也会推出该功能，中 国移动方面暂时不了解。（极目新闻） ...

距离9月19日iPhone Air在国内正式发售仅剩一周的时间，这款手机买了能否在中国大陆市场正常使用成了大家热议的话题。 没有实体卡的eSIM 能实现一部手机多个号码 齐鲁晚报·齐鲁壹点记者 魏银科 孙佳琪 9月10日凌晨，苹果推出iPhone 17系列智能手机。让人没想到的是，这次苹果发售新机，却燃爆了联通，原因是号称"苹果史上最薄机型"的iPhone Air为了 实现其轻薄设计，取消实体SIM卡槽，全球统一采用eSIM，官网显示目前仅有联通线下营业厅可以办理eSIM业务。也就是说，iPhone Air装不了实体卡， 想要使用需要先办一张eSIM虚拟卡，联通目前作为国内唯一一家拥有eSIM授权运营商，却无手机eSIM办理先例，所以国内尚无运营商开展手机eSIM卡业 务。 "终于把最薄的iPhone给盼来了，但仔细一看，居然只能用eSIM卡，且目前仅支持联通，国内现在有这样的业务吗？手机买回来能用吗？有点魔幻了。"准 备换手机的果粉乐乐和朋友聊到。 所以问题来了，什么是eSIM？eSIM即嵌入式SIM卡（Embedded Subscriber Identity Module），是由全球移动通信协会（GSMA ...

Core Insights - The 10th "Belt and Road" Summit was held in Hong Kong on September 10-11, 2025, focusing on global cooperation opportunities in the digital economy era [2] - China Unicom participated as a platinum partner, showcasing its innovative achievements in digital technology and solutions for high-quality development along the Belt and Road [2] Group 1: Event Overview - The summit attracted representatives from over 90 participating countries and regions, with more than 6000 attendees [2] - The theme of the summit was "Cooperation for Change, Building the Future Together" [2] Group 2: China Unicom's Role - China Unicom's exhibition theme was "Belt and Road, Moving Forward Together," highlighting its commitment to driving high-quality development through digital technology [2] - The company focused on key sectors such as finance, manufacturing, energy, warehousing, and healthcare, utilizing core technologies like 5G, international cloud networking, big data, and IoT [2] Group 3: Future Directions - In an open forum, China Unicom's international product and solution head emphasized Hong Kong's unique advantages in promoting Belt and Road development [4] - The company plans to enhance cross-domain digital service capabilities and contribute to the economic development and well-being of Belt and Road countries [4] - China Unicom aims to collaborate with global partners to build a high-quality digital Silk Road, supporting global economic growth and governance [4]

Core Points - Beijing Telecom announced the launch of eSIM services, coinciding with the release of the iPhone Air on September 19, ensuring that existing package rates and user rights remain unchanged [1][3] - The company will provide in-store assistance for users to activate eSIM services, with all offline stores now open for eSIM processing, while online activation is not yet available [3] - Users who activate eSIM can request a return to a physical SIM card if they switch to a non-eSIM device, enhancing user flexibility [3] - China Telecom has completed preparations for eSIM services and is awaiting official approval from the Ministry of Industry and Information Technology to launch eSIM for devices like the iPhone 17 [3] - China Mobile has also confirmed its capability to support eSIM services and will announce specific arrangements through official channels [4]

Market Performance - The Shanghai Composite Index rose by 0.13% to close at 3812.22 points, with a daily high of 3827.0 points [1] - The Shenzhen Component Index increased by 0.38% to close at 12557.68 points, reaching a high of 12621.19 points [1] - The ChiNext Index saw a rise of 1.27%, closing at 2904.27 points, with a peak of 2926.16 points [1] Margin Trading Data - The total margin trading balance in the two markets reached 23178.98 billion yuan, with a financing balance of 23015.75 billion yuan and a securities lending balance of 163.23 billion yuan, an increase of 58.79 billion yuan from the previous trading day [1] - The Shanghai market's margin trading balance was 11846.72 billion yuan, up by 24.19 billion yuan, while the Shenzhen market's balance was 11332.26 billion yuan, increasing by 34.6 billion yuan [1] Top Margin Buying Stocks - A total of 3448 stocks had margin buying, with the top three being: - Shenghong Technology: 50.35 billion yuan - Xinyi Sheng: 40.72 billion yuan - Zhongji Xuchuang: 35.8 billion yuan [2] New Fund Issuances - Nine new funds were issued yesterday, including: - Oriental Red Medical Innovation Mixed (QDII) A - Oriental Red Medical Innovation Mixed (QDII) C - Qianhai Kaiyuan CSI Private Enterprise 300 ETF - Invesco Great Wall Industry Preferred Mixed - Guotai CSI Entrepreneur Board Medical and Health ETF Initiated Link A - Guotai CSI Entrepreneur Board Medical and Health ETF Initiated Link C - E Fund Shanghai Stock Exchange 380 ETF - Dongcai Shanghai Stock Exchange Sci-Tech 50 ETF Link C - Dongcai Shanghai Stock Exchange Sci-Tech 50 ETF Link A [3] Top Net Buying by Dragon and Tiger List - The top ten net buying amounts from the Dragon and Tiger list were: - Liao Shares: 41166.67 million yuan - Xiaocheng Technology: 24162.92 million yuan - Enjie Shares: 23634.58 million yuan - Jiayuan Technology: 17284.15 million yuan - Sanwei Communication: 12673.24 million yuan - Tianji Shares: 9445.19 million yuan - Dongshan Precision: 9044.33 million yuan - Jinling Sports: 8667.5 million yuan - Zhejiang Rongtai: 7101.86 million yuan - Aifenda: 7031.18 million yuan [4]