China Unicom(SH:600050)2016-05-05 16:00Dividend and Profit Distribution - The proposed dividend for the fiscal year 2015 is RMB 0.17 per share, with an expected total cash dividend of approximately RMB 13.57 billion for the company[3]. - After deducting daily expenses and the statutory reserve fund for 2016, the distributable profit for shareholders is approximately RMB 12.14 billion[3]. - Based on a total share capital of 21.197 billion shares as of December 31, 2015, the cash dividend distribution is RMB 0.572 per 10 shares (including tax)[3]. - The company plans to submit the dividend proposal for approval at the shareholders' meeting scheduled for May 2016[3]. - The company reported a cash dividend of 0.572 RMB per 10 shares for the fiscal year 2015, totaling approximately 1.21 billion RMB[173]. Financial Performance - The company's total revenue for 2015 was ¥277.05 billion, a decrease of 4.0% compared to ¥288.57 billion in 2014[46]. - The net profit attributable to shareholders for 2015 was ¥3.47 billion, down 12.8% from ¥3.98 billion in 2014[46]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1.44 billion, a significant decline of 64.1% from ¥4.00 billion in 2014[46]. - The net cash flow from operating activities for 2015 was ¥89.23 billion, a decrease of 3.5% compared to ¥92.43 billion in 2014[46]. - The total assets of the company increased by 12.5% to ¥615.32 billion at the end of 2015, up from ¥547.12 billion at the end of 2014[46]. - The net assets attributable to shareholders rose by 1.7% to ¥78.68 billion at the end of 2015, compared to ¥77.34 billion at the end of 2014[46]. - The company reported a pre-tax profit of RMB 13.87 billion, a decline of 12.4% year-on-year, and a net profit of RMB 10.43 billion, down 12.8%[112][114]. - The company reported an EBITDA of RMB 87.78 billion, down 5.7% year-on-year, with an EBITDA margin of 37.3%, a decrease of 0.2 percentage points[75]. Operational Developments - The company launched the "沃 4G+" brand in November 2015, enhancing its 4G competitiveness and consumer confidence[31]. - The company implemented a "data rollover" policy for all 2G/3G/4G users starting October 1, 2015, allowing unused data to carry over to the next month[29]. - The company signed an agreement with China Tower Corporation in October 2015 regarding the sale and transfer of existing tower assets[31]. - The company is focusing on 4G business development and expanding fiber broadband network construction[59]. - The company plans to enhance 4G network quality and improve service through new technologies like VoLTE and VoWiFi[65]. - The company aims to create new value through various forms of resource sharing and capital operations[66]. - The company constructed 306,000 4G base stations in 2015, bringing the total to 399,000[90]. - The company plans to accelerate network construction and optimize its product system, particularly focusing on 4G services to stabilize mobile business performance[163]. Market and Competitive Landscape - The company faces risks including intensified industry competition, regulatory policy changes, technology upgrades, and interest and exchange rate risks[5]. - The company anticipates continued competition in the telecom industry, with revenue growth expected to be lower than GDP growth due to market saturation and the rise of OTT services[164]. - The company recognizes the challenges and opportunities in the current economic environment, emphasizing the importance of innovation as a primary driver of development[160]. - The company aims to expand into new areas such as IoT, cloud computing, and big data to create new growth engines[163]. Shareholder and Governance Information - The board meeting had 7 directors expected to attend, with 6 actually present, indicating a quorum for decision-making[6]. - The company emphasizes that forward-looking statements regarding development strategies and future operational plans do not constitute substantive commitments to investors[4]. - The company is committed to ensuring the accuracy and completeness of the annual report, with management taking legal responsibility for its content[6]. - The company’s controlling shareholder, China Unicom Group, committed to not reducing its shareholding and plans to increase its stake within six months from July 28, 2015[175]. - The company reported no significant litigation or arbitration matters during the reporting period[180]. - The company has not implemented any stock incentive plans or employee stock ownership plans[185]. Research and Development - Research and development expenses increased by 39.8% to RMB 316.47 million[124]. - Research and development expenses totaled RMB 316,469,139, representing 0.11% of total revenue, with 4,108 R&D personnel accounting for 1.78% of the total workforce[137]. Asset and Liability Management - The company’s capital expenditure for 2015 was RMB 133.88 billion[96]. - The company’s cash flow from operating activities was RMB 89.23 billion[96]. - The company had a debt-to-asset ratio of 62.0% by the end of 2015[96]. - The total amount of construction in progress reached RMB 96,500 million, a 68.7% increase compared to the previous year[142]. - The company’s total liabilities increased, with accounts payable rising by 45.2% to RMB 163,151 million, reflecting higher obligations for engineering and equipment payments[142]. Miscellaneous - The company actively fulfilled its social responsibilities, with a detailed report available on its website[186]. - The company has no significant non-equity investments during the reporting period[148]. - The company has not issued any securities or listed any new shares in the past three years[190].