中国联通(600050) - 2014 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 73.7% to CNY 1.10 billion, with a basic earnings per share of CNY 0.0518[4] - Operating revenue for Q1 2014 was CNY 78.82 billion, representing an 8.4% increase year-on-year[4] - In Q1 2014, the company achieved a pre-tax profit of RMB 4.37 billion and a net profit of RMB 3.28 billion, with a year-on-year increase in net profit attributable to the parent company of 73.7%[11] - EBITDA for the same period was RMB 24.06 billion, representing an 18.6% year-on-year growth, with EBITDA accounting for 36.5% of main business revenue, an increase of 2.1 percentage points compared to the same period last year[11] - The net profit attributable to shareholders for Q1 2014 was ¥3.28 billion, up 75.3% from ¥1.87 billion in Q1 2013[27] - The basic earnings per share for Q1 2014 was ¥0.0518, compared to ¥0.0298 in Q1 2013, reflecting a 73.4% increase[27] Revenue Breakdown - Mobile business revenue reached CNY 42.00 billion, up 15.6% year-on-year, with a net increase of 8.71 million users[7] - Fixed-line business revenue grew by 5.8% to CNY 23.66 billion, with broadband revenue increasing by 10.6%[7] - The company's consolidated revenue for Q1 2014 reached ¥78.82 billion, a 8.4% increase from ¥72.70 billion in Q1 2013[27] Costs and Expenses - Total costs and expenses rose by 6.3% to CNY 71.24 billion, with sales expenses increasing by 21.4%[8] - The company’s operating expenses for Q1 2014 were ¥70.03 billion, which includes sales expenses of ¥12.15 billion and management expenses of ¥4.71 billion[27] Assets and Liabilities - Total assets decreased by 1.3% to CNY 524.22 billion compared to the end of the previous year[4] - The total liabilities decreased to ¥299.41 billion as of March 31, 2014, down from ¥309.74 billion at the end of 2013[24] - The total equity attributable to shareholders increased to ¥75.91 billion as of March 31, 2014, compared to ¥74.86 billion at the end of 2013[24] - The company’s total assets as of March 31, 2014, were ¥524.22 billion, slightly down from ¥531.36 billion at the end of 2013[24] Cash Flow - The company achieved a net cash flow from operating activities of CNY 19.06 billion, a significant increase from the previous year[4] - Operating cash flow for Q1 2014 was ¥19.06 billion, an increase from ¥16.84 billion in Q1 2013[29] - The company’s investment activities resulted in a net cash outflow of ¥15.07 billion in Q1 2014, compared to ¥18.15 billion in Q1 2013[29] Shareholder Information - The total number of shareholders reached 799,230, with the largest shareholder holding 63.09% of the shares[6] Financial Obligations - The company issued a total of RMB 10 billion in ultra-short-term financing bonds on March 24, 2014[15] - The company’s indirect subsidiary completed the issuance of RMB 5 billion in medium-term notes on April 16, 2014[18] Accounts Receivable and Prepayments - Accounts receivable increased by 266.1% year-on-year, primarily due to an increase in bills issued by customers during the reporting period[13] - Prepayments rose by 30.3% year-on-year, mainly due to increased terminal payments made by subsidiaries[13] Financial Expenses - Financial expenses increased by 64.3% year-on-year, primarily due to increased exchange losses compared to the same period last year[13] - Income tax expenses increased by 68.2% year-on-year, mainly due to an increase in taxable profit compared to the previous year[13]