中国联通(00762) - 2025 - 中期财报

Chairman's Report Overall Performance The company achieved steady business growth in the first half, with operating revenue exceeding RMB 200 billion, pre-tax profit reaching RMB 17.8 billion, and strategic emerging industries driving high-quality development, alongside a 14.5% year-on-year increase in interim dividend per share to RMB 0.2841 Overall Performance Metrics | Metric | H1 2025 (RMB billion) | Y-o-Y Growth | | :--- | :--- | :--- | | Operating Revenue | 200.0+ | 1.5% | | Pre-tax Profit | 17.8 | 5.1% | | International Business Revenue | 6.8 | 11% | | Interim Dividend (per share) | 0.2841 RMB | 14.5% | - Strategic emerging industries' revenue share increased to 86%, becoming a new driver for the company's high-quality development[10] Connectivity Business Steady Growth The connectivity business steadily improved operating efficiency and market position, with over 1.2 billion connected users, more than 11 million net additions in mobile and broadband users, over 60 million net additions in IoT connections, and a converged business penetration rate exceeding 77% - Connected user base exceeded 1.2 billion, with net additions of over 11 million mobile and broadband users, reaching a total of 480 million, a new high for the same period in recent years[11] - IoT connections increased by over 60 million, totaling 690 million, including 86 million vehicle IoT connections, further solidifying its leading position[11] - Converged business penetration rate exceeded 77%, with average revenue per user surpassing RMB 100[11] - The Yuanjing large model empowered customer service, with intelligent service accounting for 84% and problem resolution rate reaching 99%[12] Computing Network and Digital Intelligence Enhancement The computing network and digital intelligence business achieved both quantitative and qualitative growth, with Unicom Cloud revenue reaching RMB 37.6 billion, data center revenue growing by 9.4% year-on-year, AIDC contract value increasing by 60% year-on-year, and the development of a multi-modal Yuanjing large model driving large-scale commercial AI applications, alongside 5G private network revenue growth of 60% Computing Network and Digital Intelligence Metrics | Metric | H1 2025 (RMB billion) | Y-o-Y Growth | | :--- | :--- | :--- | | Unicom Cloud Revenue | 37.6 | - | | Data Center Revenue | 14.4 | 9.4% | | AIDC Contract Value | - | 60% | | 5G Private Network Revenue | - | 60% | - Developed a multi-modal Yuanjing large model and launched the "Yuanjing Wanwu" intelligent agent development platform, achieving large-scale commercial application of AI in several key areas[14] - Cumulatively built 7,500 5G factories, supporting the high-end, intelligent, and green development of the manufacturing industry[14] Accelerating International Market Expansion The company refreshed its international brand UniCom, partnered with over 600 global operators and 1,000 industry partners, established 5 new overseas intelligent computing centers, and developed multiple benchmark projects, continuously enhancing its global development capabilities - Refreshed the international brand UniCom, collaborating with over 600 global operators and 1,000 industry partners, integrating into the global innovation network[15] - Established 5 new overseas intelligent computing centers, further improving the international intelligent computing layout[15] - Developed multiple benchmark projects, including intelligent manufacturing in ASEAN, intelligent warehousing in the Middle East, smart mines in Africa, and smart ports in Europe[15] Network Investment Quality and Efficiency Improvement The company's capital expenditure decreased by 15% year-on-year in the first half, with annualized OPEX savings of nearly RMB 1 billion, data center resource utilization exceeding 70%, and the advancement of mobile networks from 5G to 5G-A and broadband networks from gigabit to 10-gigabit, reaching a total intelligent computing scale of 30 EFLOPS Network Investment Metrics | Metric | H1 2025 (RMB billion) | Y-o-Y Change | | :--- | :--- | :--- | | Capital Expenditure | 20.2 | Decreased by 15% | | Annualized OPEX Savings | Nearly 1.0 | - | | Data Center Resource Utilization Rate | Over 70% | - | - Mobile network population coverage exceeded 99%, with 5G-A commercial deployment in over 330 cities; broadband network covered 570 million households, and 10-gigabit optical network pilots reached 106 cities[17] - Total intelligent computing scale reached 30 EFLOPS, with data center capacity reserves reaching 2,650 MW[17] Continuous Strengthening of Scientific and Technological Innovation The company increased R&D investment, with R&D expenses growing by 16% year-on-year, focusing on key technologies such as next-generation internet, big data, and artificial intelligence, while strengthening frontier layouts in 6G and low-altitude intelligent networks, with over 40% of employees being scientific and technological innovation talents - R&D expenses increased by 16% year-on-year, leading to more landmark achievements and selection as an outstanding state-owned enterprise in scientific and technological innovation[18] - Focused on key technologies such as next-generation internet, big data, artificial intelligence, and cybersecurity, while strengthening frontier layouts in 6G, low-altitude intelligent networks, satellite internet, embodied AI, and quantum technology[18] - Scientific and technological innovation talents accounted for over 40%, reaching a scale of 47,000 people, and established a high-level scientific and technological talent team of over a hundred individuals[18] Actively Fulfilling Corporate ESG Responsibilities The company released the "China Unicom Carbon Exploration Green Action Plan," operates 22 national-level green data centers, helps bridge the digital divide, and received multiple international honors in corporate governance, including ranking 264th in Forbes Global 2000 - Released the "China Unicom Carbon Exploration Green Action Plan," deepening network energy conservation and operating 22 national-level green data centers[19] - Helped bridge the digital divide, with caring products for elderly and disabled groups benefiting over 5 million users[19] - Received multiple accolades, including ranking 264th in Forbes Global 2000 and being recognized as the "Most Respected Telecommunications Enterprise" for ten consecutive years[19] Future Outlook 2025 is a critical year for AI's transition from theory to practice, and the company will continue to enhance management, operations, and service levels, with expected fixed asset investment of approximately RMB 55 billion, while deeply implementing a converged innovation strategy, deepening the "three convergences" of computing network, digital intelligence, and digital-real, and advancing the "three new directions" for networks, technology, and services - 2025 is a critical year for AI's transition from theory to practice, and the company will co-create a new integrated ecosystem of AI infrastructure, AI technology, and AI industry with partners[20] - Expected fixed asset investment of approximately RMB 55 billion, with confidence to achieve annual targets with high quality[20] - Deeply implemented a converged innovation strategy, continuously deepening the "three convergences" of computing network, digital intelligence, and digital-real, and persistently advancing the "three new directions" for networks, technology, and services[20](index=20&type=