中国联通(00762) - 2023 - 年度业绩

Financial Performance - Revenue reached RMB 372.6 billion, a year-on-year increase of 5.0%[1][3] - Net profit attributable to equity holders was RMB 18.7 billion, up 11.8% year-on-year[1][3] - Return on equity reached 5.4%, the best level in recent years[1][3] - Revenue for 2023 reached RMB 372,597 million, a 5% increase from RMB 354,944 million in 2022[16] - Net profit attributable to equity holders of the company was RMB 18,726 million, up 11.8% from RMB 16,745 million in 2022[16] - Basic earnings per share (EPS) for 2023 were RMB 0.61, compared to RMB 0.55 in 2022[16] - Total comprehensive income for 2023 was RMB 19,241 million, a 13% increase from RMB 17,027 million in 2022[17] - Total service revenue for 2023 was RMB 335.17 billion, an increase from RMB 319.348 billion in 2022[29] - Sales revenue from communication products in 2023 was RMB 37.427 billion, up from RMB 35.596 billion in 2022[29] - Basic and diluted earnings per share for 2023 were RMB 0.61, up from RMB 0.55 in 2022[33] Capital Expenditure and Investment - Capital expenditure for 2023 was RMB 73.9 billion, with a shift in investment focus from traditional communication services to high-growth digital and intelligent network services[1][3] - Fixed assets increased to RMB 355,995 million in 2023, up 1% from RMB 352,433 million in 2022[18] Dividend and Shareholder Returns - Total annual dividend per share was RMB 0.3366, a 22.8% increase year-on-year[1][3] - Proposed final dividend for 2023 is RMB 4,088 million, subject to approval at the annual general meeting[19][14] - The company declared an interim dividend of RMB 0.203 per share for 2023, totaling RMB 6.211 billion[37] - The proposed final dividend for 2023 is RMB 0.1336 per share, amounting to RMB 4.088 billion[37] User Base and Market Penetration - Mobile user base reached 333 million, with a net addition of 10.6 million users in 2023, a 90% increase year-on-year[5] - 5G package user penetration rate reached 78%, up 12 percentage points year-on-year[5] - Fixed-line broadband user base reached 113 million, with a net addition of 9.79 million users, the highest in nearly a decade[5] Digital and Intelligent Network Business - Revenue from the digital and intelligent network business reached RMB 75.2 billion, accounting for about a quarter of total revenue from the two main businesses[7] - Revenue from China Unicom Cloud reached RMB 51.03 billion, a year-on-year increase of 41.6%[7] Financial Position and Liabilities - Total assets as of December 31, 2023, were RMB 661,051 million, up 2.9% from RMB 642,663 million in 2022[18] - Cash and cash equivalents decreased to RMB 47,733 million in 2023 from RMB 55,297 million in 2022[18] - Total equity attributable to equity holders of the company was RMB 351,474 million, up 2.9% from RMB 341,619 million in 2022[19] - Total liabilities increased to RMB 307.153 billion in 2023 from RMB 299.127 billion in 2022[20] - Current liabilities rose to RMB 263.652 billion in 2023 compared to RMB 250.870 billion in 2022[20] - Short-term bank borrowings increased to RMB 681 million in 2023 from RMB 331 million in 2022[20] - Accounts payable and accrued expenses grew to RMB 161.279 billion in 2023 from RMB 154.838 billion in 2022[20] - Lease liabilities slightly increased to RMB 12.640 billion in 2023 from RMB 12.495 billion in 2022[20] - The company has an unused revolving bank credit facility of approximately RMB 190.1 billion as of December 31, 2023[23] - The company's current liabilities exceeded current assets by approximately RMB 105.6 billion in 2023 (2022: RMB 104.6 billion)[23] Tax and Regulatory Compliance - Income tax expense for 2023 was RMB 4.023 billion, compared to RMB 3.751 billion in 2022[31] - The company's subsidiaries in mainland China are subject to a corporate income tax rate of 25%, with some eligible for a preferential rate of 15%[30] - The company was approved as a Chinese resident enterprise by the State Taxation Administration, exempting it from withholding tax on dividends distributed to overseas shareholders[37] Accounts Receivable and Credit Risk - Accounts receivable as of 2023 totaled RMB 38.692 billion, an increase from RMB 26.331 billion in 2022[34] - The company has no significant concentration of credit risk in accounts receivable due to its large customer base[34] Accounting Standards and Policies - The company adopted new and revised Hong Kong Financial Reporting Standards, including HKFRS 17 "Insurance Contracts" and amendments to HKAS 8 "Definition of Accounting Estimates"[24] - The company confirmed deferred tax assets and liabilities related to right-of-use assets and lease liabilities as of January 1, 2022[25] Miscellaneous - Total connected communication users as of January 2024 were not disclosed in the provided content[14]