中国联通(00762) - 2022 - 中期财报

Financial Performance - In the first half of 2022, China Unicom achieved service revenue of RMB 161 billion, an increase of 8.3% year-on-year, marking the highest growth rate in recent years[3] - The company's pre-tax profit reached RMB 13.4 billion, with profit attributable to equity holders amounting to RMB 11 billion, reflecting a year-on-year growth of 19.5%[3] - EBITDA for the first half of 2022 was RMB 51.4 billion, representing a year-on-year increase of 3.9%[3] - The interim dividend declared was RMB 0.165 per share, an increase of 37.5% year-on-year, reflecting the company's commitment to shareholder returns[3] - In the first half of 2022, the company achieved operating revenue of RMB 176.26 billion, a year-on-year increase of 7.4%[17] - Net profit for the first half of 2022 was RMB 10.96 billion, an increase of RMB 1.79 billion compared to the previous year[17] - The company's cash flow from operating activities was RMB 42.17 billion, with capital expenditures amounting to RMB 28.35 billion[17] - The company's income for the first half of 2022 was RMB 176.3 billion, compared to RMB 164.2 billion in the same period of 2021, reflecting a year-on-year growth[32] Revenue Breakdown - Mobile service revenue reached RMB 84.9 billion, an increase of 3.4% year-on-year[5] - Fixed broadband revenue was RMB 23 billion, up 4.3% year-on-year, with a net increase of 4.4 million broadband users, reaching a total of 99.44 million[5] - Voice service revenue decreased by 3.3% year-on-year to RMB 16.94 billion, accounting for 10.52% of service revenue[19][20] - Non-voice service revenue increased by 9.8% year-on-year to RMB 144.03 billion, representing 89.48% of service revenue[20] - Broadband and mobile data service revenue reached RMB 78,335 million, up 1.0% from RMB 77,533 million in 2021[52] - Data and internet application revenue surged to RMB 40,371 million, representing a significant increase of 29.7% from RMB 31,110 million in 2021[52] Capital Expenditure and Investments - Capital expenditure for the first half of the year was RMB 28.4 billion, a significant increase of 98.5% compared to the previous year[3] - Total capital expenditures in the first half of 2022 amounted to RMB 283.5 billion, with major allocations to mobile networks (RMB 103.9 billion, 36.65%), enterprise and innovation businesses (RMB 53.7 billion, 18.94%), and infrastructure (RMB 91.3 billion, 32.20%)[29] - The company plans to invest RMB 1 billion in core technology R&D, with a special budget of RMB 30 million for technology innovation incentives[9] User Growth and Network Development - The number of mobile users reached 320 million, with a net increase of 29.99 million 5G package users, totaling 184.92 million, and a penetration rate of 58%[5] - The total number of FTTH ports reached 230 million, with significant growth in broadband user scale and revenue[5] - The company has launched 5G new calling services in 125 cities, maintaining the highest user satisfaction in the industry[5] - The company is focused on optimizing its basic business product structure to align with industry trends of "5G, gigabit, and integration"[3] Financial Health and Ratios - The company's debt-to-asset ratio remained at a reasonable level of 43.3%, with financial expenses decreasing by 18.6% year-on-year, enhancing financial strength and risk resistance[3] - The asset-liability ratio as of June 30, 2022, was 43.3%[17] - The company's debt-to-asset ratio improved slightly to 43.3% from 43.6% at the end of the previous year, with a net debt-to-capital ratio of -3.8%[30] Research and Development - R&D expenses increased by 113.7% year-on-year, with the proportion of technology innovation personnel reaching 26%[8] - The company has developed over 300 self-developed cloud products, achieving two authoritative certifications for cloud performance and security[6] Environmental and Social Responsibility - The cumulative reduction of carbon dioxide emissions exceeded 6 million tons, saving CAPEX of RMB 24 billion and OPEX of RMB 25.5 billion annually[9] Strategic Initiatives - China Unicom is actively enhancing its network capabilities and has upgraded its "dual-gigabit" network, which opens new opportunities for development[3] - The company is implementing a "5G leading development action plan" and a "broadband and smart home development action plan" to drive transformation and growth[3] - The company emphasized its commitment to digital infrastructure and innovation in its strategic development[152] Shareholder Information - The company proposed an interim dividend of RMB 5,049 million for 2022, compared to RMB 2,937 million for the final dividend of 2021[35] - The company declared an interim dividend of RMB 0.165 per share, equivalent to HKD 0.19149 per share, based on the exchange rate of RMB 0.86168 to HKD 1.00[147] Compliance and Governance - The company maintained compliance with the corporate governance code, with the chairman also serving as the CEO to enhance decision-making efficiency[144] - The audit committee reviewed the accounting policies and internal controls for the six months ending June 30, 2022[143]