China Unicom(600050)2024-10-22 11:51Financial Performance - Revenue for the third quarter was RMB 92.78 billion, a year-on-year increase of 3.3%[1] - Net profit attributable to shareholders of the listed company was RMB 2.30 billion, up 7.7% year-on-year[1] - Revenue for the first three quarters of 2024 reached RMB 290.12 billion, a year-on-year increase of 3.0%[8] - Net profit attributable to the parent company was RMB 8.34 billion, a year-on-year increase of 10.0%[8] - Total operating revenue for the first three quarters of 2024 reached 290.12 billion yuan, an increase from 281.69 billion yuan in the same period of 2023[13] - Net profit attributable to the parent company's shareholders was 8.34 billion yuan, up from 7.58 billion yuan in the same period of 2023[14] - Net profit for the first three quarters of 2024 was RMB 5.17 billion, up from RMB 4.25 billion in the same period of 2023[19] - Earnings per share (basic) increased to 0.267 yuan from 0.242 yuan in the same period of 2023[14] - Total comprehensive income for the first three quarters of 2024 was 19.36 billion yuan, up from 17.77 billion yuan in the same period of 2023[14] Asset and Liability Management - Total assets as of the end of the reporting period were RMB 671.53 billion, an increase of 1.3% compared to the end of the previous year[2] - Equity attributable to shareholders of the listed company increased by 4.5% to RMB 166.35 billion[2] - Total assets as of the end of Q3 2024 stood at 671.53 billion yuan, slightly up from 662.84 billion yuan at the end of 2023[11] - Fixed assets decreased to 300.51 billion yuan from 304.91 billion yuan at the end of 2023[11] - Total liabilities decreased to 302.16 billion yuan from 304.91 billion yuan at the end of 2023[11] - Total assets as of September 30, 2024, were RMB 111.30 billion, an increase from RMB 107.57 billion at the end of 2023[18] - Long-term equity investments as of September 30, 2024, were RMB 102.30 billion, slightly up from RMB 102.11 billion at the end of 2023[18] Cash Flow and Investment Activities - Operating cash flow for the first three quarters of 2024 was RMB 58.25 billion, a decrease from RMB 67.70 billion in the same period of 2023[16] - Net cash flow from investment activities for the first three quarters of 2024 was negative RMB 40.01 billion, an improvement from negative RMB 46.33 billion in the same period of 2023[16] - Net cash flow from financing activities for the first three quarters of 2024 was negative RMB 16.46 billion, slightly better than negative RMB 17.37 billion in the same period of 2023[16] - Total cash and cash equivalents at the end of September 2024 were RMB 49.46 billion, down from RMB 59.50 billion at the end of September 2023[16] - Operating cash flow increased to RMB 46,289,235 in the first nine months of 2024, up from RMB 8,732,827 in the same period of 2023[20] - Investment cash inflow reached RMB 1,796,096,108 in the first nine months of 2024, compared to RMB 1,488,189,332 in the same period of 2023[20] - Financing cash outflow was RMB 1,639,452,787 in the first nine months of 2024, slightly higher than RMB 1,337,823,711 in the same period of 2023[21] - Net increase in cash and cash equivalents was RMB 202,932,556 in the first nine months of 2024, up from RMB 159,098,448 in the same period of 2023[21] Business Development and User Growth - Mobile users reached 345 million, with a net increase of 11.23 million, the highest in nearly six years[8] - 5G package users reached 286 million, with a penetration rate of 83%[8] - IoT connections reached 594 million, with a net increase of nearly 100 million[8] - Fixed-line broadband users reached 121 million, with a net increase of 7.12 million[8] - Revenue from Unicom Cloud reached RMB 43.86 billion, a year-on-year increase of 19.5%[9] - Data center revenue reached RMB 19.69 billion, a year-on-year increase of 6.8%[9] - 5G industry virtual private network served 14,013 customers[9] - 5G mid-frequency base stations reached 1.36 million, and 4G mid-frequency shared base stations exceeded 2 million[9] Guarantees and Financial Support - The company's non-financing guarantee limit increased to RMB 1.1 billion in 2024, up from RMB 500 million in 2023[22] - In Q3 2024, the company provided 410 non-financing guarantees totaling RMB 457,254,814.51, with the guarantee balance not exceeding RMB 1 billion[22] - The total amount of guarantees provided by the financial company to China Unicom (Guangdong) Industrial Internet Co., Ltd. is RMB 50,611,200 for the period from 2024-08-12 to 2026-08-06[17] - China Unicom (Guangdong) Industrial Internet Co., Ltd. received a guarantee of RMB 2,527,555 for the period from 2024-08-22 to 2024-10-22[15] - A guarantee of RMB 1,204,800 was issued to China Unicom (Guangdong) Industrial Internet Co., Ltd. for the period from 2024-08-14 to 2025-02-28[16] - China Unicom (Jiangsu) Industrial Internet Co., Ltd. received a guarantee of RMB 708,000 for the period from 2024-09-27 to 2025-03-31[20] - A guarantee of RMB 2,368,000 was provided to China Unicom (Shanghai) Industrial Internet Co., Ltd. for the period from 2024-07-29 to 2028-06-30[37] - China Unicom (Zhejiang) Industrial Internet Co., Ltd. received a guarantee of RMB 280,000 for the period from 2024-09-26 to 2025-02-20[38] - A guarantee of RMB 2,506,666.40 was issued to China Unicom Digital Technology Co., Ltd. for the period from 2024-09-20 to 2024-10-26[45] - China Unicom Digital Technology Co., Ltd. received a guarantee of RMB 1,728,376.73 for the period from 2024-08-21 to 2024-08-28[49] - A guarantee of RMB 1,297,680 was provided to China Unicom Digital Technology Co., Ltd. for the period from 2024-09-13 to 2024-10-30[46] - China Unicom (Jiangsu) Industrial Internet Co., Ltd. received a guarantee of RMB 359,144.81 for the period from 2024-07-19 to 2025-03-30[25] - The total amount of guarantees issued by the financial company to China Unicom Digital Technology Co., Ltd. is 34,400.00 yuan, starting from 2024-08-16 and ending on 2027-09-11[24] - A guarantee of 299,996.30 yuan was issued to China Unicom Digital Technology Co., Ltd., starting from 2024-08-06 and ending on 2024-12-31[24] - A guarantee of 627,052.03 yuan was issued to China Unicom Digital Technology Co., Ltd., starting from 2024-08-06 and ending on 2024-11-30[24] - A guarantee of 1,199,003.12 yuan was issued to China Unicom Digital Technology Co., Ltd., starting from 2024-07-19 and ending on 2024-08-31[24] - A guarantee of 268,500.00 yuan was issued to China Unicom Digital Technology Co., Ltd., starting from 2024-07-19 and ending on 2025-07-19[24] - A guarantee of 200,000.00 yuan was issued to China Unicom Digital Technology Co., Ltd., starting from 2024-07-12 and ending on 2025-07-01[24] - A guarantee of 1,452,000.00 yuan was issued to China Unicom Digital Technology Co., Ltd., starting from 2024-07-12 and ending on 2024-08-15[24] - A guarantee of 1,152,251.16 yuan was issued to China Unicom Digital Technology Co., Ltd., starting from 2024-07-12 and ending on 2024-09-17[24] - Multiple guarantees of 1,040.00 yuan each were issued to China Unicom Digital Technology Co., Ltd., starting from 2024-07-03 and ending on 2025-07-01[24] - Two guarantees of 41,040.00 yuan each were issued to China Unicom Digital Technology Co., Ltd., starting from 2024-07-03 and ending on 2025-07-01[24] - Financial company provided guarantees totaling 1,040.00 yuan to China Unicom Digital Technology Co., Ltd. for multiple transactions starting from 2024-07-03 to 2025-07-01[91][93][94][95][96][97][98][99][100][101][102][103][105][106][107][108][109][110][111][112][113][114][115][116][117][119][120][121][122][123][124][125][126][127][128][129][130] - Financial company provided a larger guarantee of 41,040.00 yuan to China Unicom Digital Technology Co., Ltd. for transactions starting from 2024-07-03 to 2025-07-01[92][104][118] - Financial company issued multiple guarantees to China Unicom Digital Technology Co., Ltd., with amounts ranging from 1,040.00 to 41,040.00 yuan, valid from July 2024 to July 2025[26] - The majority of guarantees issued were for 1,040.00 yuan, with a few exceptions at 41,040.00 yuan[26] - All guarantees were issued by the financial company and directed towards China Unicom Digital Technology Co., Ltd.[26] - The guarantees cover a one-year period, starting in July 2024 and ending in July 2025[26] - The total number of guarantees listed in the document is 40, with consistent terms and conditions[26] - The guarantees are categorized under the same type, as indicated by the "同上" notation[26] - The guarantees are evenly distributed across the specified period, with no significant variations in terms[26] - The document highlights the financial company's role in supporting China Unicom Digital Technology Co., Ltd. through these guarantees[26] - The guarantees are part of a broader financial strategy, as evidenced by the repetitive nature of the entries[26] - The document provides a detailed breakdown of the guarantees, including start and end dates, amounts, and types[26] - Financial company issued guarantees totaling 1,040.00 yuan each for Unicom Digital Technology Co., Ltd., with start dates from 2024-07-02 to 2025-07-01[27] - Two larger guarantees of 41,040.00 yuan each were issued for Unicom Digital Technology Co., Ltd., with the same start and end dates[27] - A total of 210 guarantees were issued by the financial company for Unicom Digital Technology Co., Ltd., with the majority being 1,040.00 yuan each[27] - The company issued a total of 40 guarantees for Unicom Digital Technology Co., Ltd., with each guarantee amounting to 1,040.00 yuan, except for four guarantees which were 41,040.00 yuan each[28] - The guarantees for Unicom Digital Technology Co., Ltd. are valid from July 2, 2024, to July 1, 2025[28] - The total amount of guarantees issued for Unicom Digital Technology Co., Ltd. is 104,000.00 yuan, with four larger guarantees totaling 164,160.00 yuan[28] - The total amount of guarantees issued by the financial company to China Unicom Digital Technology Co., Ltd. is RMB 1,040.00 for each of the 14 entries, covering the period from 2024-07-02 to 2025-07-01[251-264] - A significant guarantee of RMB 3,911,080.00 was issued to China Unicom Digital Technology Co., Ltd., valid from 2024-07-01 to 2024-08-27[265] - Guarantees for China Unicom Digital Technology Co., Ltd. Guangdong Branch include amounts ranging from RMB 490.00 to RMB 4,000,000.00, with varying validity periods[271-280] - A substantial guarantee of RMB 22,920,120.00 was issued to China Unicom Digital Technology Co., Ltd. Inner Mongolia Branch, valid from 2024-08-08 to 2027-03-24[287] - Guarantees for China Unicom Digital Technology Co., Ltd. Guizhou Branch include amounts of RMB 5,790,895.50 and RMB 349,897.20, with validity periods from 2024-09-14 to 2026-09-30 and 2024-09-14 to 2024-12-31 respectively[281-282] - A guarantee of RMB 952,340.40 was issued to China Unicom Digital Technology Co., Ltd. Jiangsu Branch, valid from 2024-07-17 to 2025-08-30[285] - Guarantees for China Unicom Digital Technology Co., Ltd. Inner Mongolia Branch include amounts of RMB 42,000.00, RMB 118,550.00, and RMB 161,000.00, with varying validity periods[286, 288-289] - A guarantee of RMB 50,000.00 was issued to China Unicom Digital Technology Co., Ltd. Henan Branch, valid from 2024-07-10 to 2025-07-10[284] - A guarantee of RMB 24,900.00 was issued to China Unicom Digital Technology Co., Ltd. Qinghai Branch, valid from 2024-07-02 to 2025-07-04[290] - The total amount of guarantees issued by the financial company to various subsidiaries of China United Network Communications Limited is approximately RMB 14.5 million, with the largest single guarantee being RMB 1.84 million for China United Network Communications Limited[328] - The guarantee for China United Network Communications Limited Anhui Branch amounts to RMB 38,132.50, with two separate guarantees of RMB 18,804.00 and RMB 19,328.50[329][330] - The guarantee for China United Network Communications Limited is RMB 1.46 million, with a duration from 2024-09-23 to 2027-08-31[325] - The guarantee for China United Network Communications Limited is RMB 175,000.00, with a duration from 2024-09-09 to 2026-08-09[326] - The guarantee for China United Network Communications Limited is RMB 447,396.00, with a duration from 2024-08-09 to 2025-08-31[327] - The guarantee for China United Network Communications Limited is RMB 1.84 million, with a duration from 2024-07-24 to 2025-07-30[328] - The guarantee for China United Network Communications Limited Anhui Branch is RMB 18,804.00, with a duration from 2024-09-26 to 2024-12-31[329] - The guarantee for China United Network Communications Limited Anhui Branch is RMB 19,328.50, with a duration from 2024-09-26 to 2024-12-31[330] - The guarantee for China United Network Communications Limited is RMB 1.46 million, with a duration from 2024-09-23 to 2027-08-31[325] - The guarantee for China United Network Communications Limited is RMB 175,000.00, with a duration from 2024-09-09 to 2026-08-09[326] - The total amount of guarantees issued by the financial company to China United Network Communications Co., Ltd. Anhui Branch is RMB 4,724,896.40, covering multiple transactions from September 2024 to June 2026[331-336] - A significant guarantee of RMB 25,130,500.00 was issued to China United Network Communications Co., Ltd. Hangzhou Branch, valid from July 2024 to September 2024[345] - China United Network Communications Co., Ltd. Fuzhou Branch received a guarantee of RMB 4,778,036.00, effective from July 2024 to October 2024[340] - The financial company provided a guarantee of RMB 1,354,752.00 to China United Network Communications Co., Ltd. Jinhua Branch, valid from August 2024 to December 2024[359] - A guarantee of RMB 1,357,440.00 was issued to China United Network Communications Co., Ltd. Lu'an Branch, effective from August 2024 to September 2024[364] - China United Network Communications Co., Ltd. Nanchang Branch received a guarantee of RMB 1,378,349.60, valid from September 2024 to December 2025[366] - The financial company issued a guarantee of RMB 381,818.69 to China United Network Communications Co., Ltd. Nantong Branch, effective from July 2024 to July 2025[369] - A guarantee of RMB 592,300.00 was provided to China United Network Communications Co., Ltd. Ji'an Branch, valid from July 2024 to July 2029[357] - China United Network Communications Co., Ltd. Hohhot Branch received a guarantee of RMB 466,566