China Unicom(SH:600050)2016-10-18 16:00Financial Performance - For the first three quarters of 2016, the net profit attributable to the parent company is expected to be approximately 490 million RMB, a decrease of about 81.8% compared to the same period last year[1]. - In the same period last year, the net profit attributable to the parent company was 2.69 billion RMB[2]. - The decline in net profit is primarily due to a significant increase in sales expenses, tower usage fees, and rising costs related to energy and property rent[4]. - Compared to the net loss of approximately 1.14 billion RMB in the second half of last year (excluding tower sale gains), there has been significant improvement[4]. - The above forecast data is preliminary and subject to the official third-quarter report for accuracy[5]. - Investors are advised to be cautious regarding investment risks based on the preliminary data provided[5]. User Growth - The number of mobile billing users is expected to reach approximately 262 million, with a net increase of about 9.76 million users[4]. - The number of 4G users is expected to reach approximately 88.9 million, with a net increase of about 44.75 million users during the period[4]. - In September alone, the net increase of 4G users reached approximately 6.05 million[4]. Strategic Focus - The company aims to focus on strategic implementation and innovative cooperative development to gradually reverse performance trends[4].