Financial Performance - The net profit attributable to shareholders for the first half of 2016 is expected to decline by approximately 80% compared to the same period last year[1] - The net profit for the same period last year was 2.3 billion RMB[2] - Increased sales expenses, tower usage fees, and higher costs for energy and property rentals are the main reasons for the expected profit decline[4] - The company has shown significant improvement compared to a net loss of approximately 1.14 billion RMB in the second half of last year, excluding tower sale gains[4] Subscriber Growth - The company added 8.39 million mobile subscribers during the first half of 2016, reversing the previous decline in mobile users[3] Strategic Focus - The company plans to deepen its focus strategy and innovate cooperative development to gradually reverse its operating performance[4]
中国联通(600050) - 2016 Q2 - 季度业绩预告