China Unicom(SH:600050) Xin Lang Cai Jing·2025-09-22 10:32Core Viewpoint - China Unicom is focusing on enhancing its digital services and infrastructure, leveraging opportunities in cloud computing, data governance, and 5G technology to drive growth and improve operational efficiency [2][3]. Financial Performance - In 2024, China Unicom reported a revenue of RMB 200.2 billion, a year-on-year increase of 1.45%, with a net profit of RMB 6.349 billion, up 5.12% [9]. - The company achieved a significant revenue increase in cloud services, reaching RMB 26.87 billion, a 142% year-on-year growth, while IDC services generated RMB 18.61 billion, a 12.9% increase [2]. Strategic Initiatives - China Unicom is collaborating with Alibaba, ZTE, and the Ministry of Industry and Information Technology to develop an IoT blockchain framework, aiming to enhance trust, security, and operational efficiency [2]. - The company is set to launch a 5G roaming service in collaboration with other major telecom operators, allowing users to access 5G networks seamlessly without additional costs [3]. Market Position - China Unicom holds over 50% market share in data services for five consecutive years, demonstrating its leadership in the industry [3]. - The company is positioned as a key player in the digital economy, focusing on "big connectivity, big computing, big data, big applications, and big security" as its main responsibilities [8]. Shareholder Information - As of June 30, 2025, China Unicom had 556,900 shareholders, with an average of 55,248 shares per shareholder, reflecting a 6.41% increase from the previous period [9]. - The company has distributed a total of RMB 35.536 billion in dividends since its A-share listing, with RMB 12.427 billion in the last three years [10].