China Unicom(SH:600050) Zheng Quan Zhi Xing·2025-08-12 16:13Core Viewpoint - China Unicom's 2025 semi-annual report highlights steady growth in revenue and profit, driven by strategic innovation and optimization in business structure, with a focus on digital transformation and customer service enhancement [7][10][15]. Financial Performance - Total assets decreased by 1.1% to RMB 665.47 billion compared to the previous year [2] - Operating revenue increased by 1.5% to RMB 200.20 billion [2] - Total profit reached RMB 17.70 billion, a 5.2% increase year-on-year [2] - Net profit attributable to shareholders rose to RMB 5.58 billion, up 10.3% [2] Business Structure and Growth - Revenue from connected communications reached RMB 131.90 billion, while smart network revenue was RMB 45.40 billion, accounting for 26% of total revenue [7] - International business revenue grew by 11% to RMB 6.80 billion [7] - Strategic emerging industries accounted for 86% of total revenue, indicating a shift towards high-quality growth [7] Customer Engagement and Service Quality - The number of connected users surpassed 1.2 billion, with net additions of over 11 million in mobile and broadband users [7] - Customer satisfaction improved, with 50% of users opting for "dual-gigabit" services [8] - The company upgraded its service offerings, enhancing customer experience through various digital platforms [8][9] Technological Advancements - The company reported a strong performance in its cloud services, with revenue reaching RMB 37.60 billion [10] - Data center revenue increased by 9.4% to RMB 14.40 billion, with significant growth in AI-driven services [10] - The company is advancing its 5G applications, with a 60% increase in revenue from 5G private networks [11] Investment and Infrastructure - Capital expenditure was RMB 20.20 billion, a 15% decrease, reflecting a focus on efficiency [12] - The company is enhancing its network capabilities, achieving over 99% population coverage for mobile networks [12] - The backbone network has expanded to 200,000 kilometers, improving global connectivity [13] Corporate Social Responsibility and Governance - The company is committed to green development and has launched initiatives to reduce carbon emissions [15] - It has been recognized for its governance practices, receiving top ratings for board performance [15] - The company aims to enhance shareholder returns, proposing a mid-term dividend of RMB 0.1112 per share, a 16% increase [15][16]