China Unicom(SH:600050) Xin Lang Cai Jing·2025-10-13 07:15Core Viewpoint - China Unicom is actively engaging in the integration of blockchain technology with the Internet of Things (IoT) to enhance trust, security, cost efficiency, and operational speed in its services [2]. Group 1: Company Performance - As of October 13, China Unicom's stock price remained unchanged at 0.00%, with a trading volume of 2.359 billion yuan and a market capitalization of 172.892 billion yuan [1]. - In the 2023 annual report, the company capitalized on policies related to "Digital China" and the "Data Element X" three-year action plan, achieving over 50% market share in data services for five consecutive years [2]. - The revenue from cloud services reached 26.87 billion yuan in 2022, marking a 142% year-on-year increase, while IDC services generated 18.61 billion yuan, up 12.9% [3]. Group 2: Technological Developments - China Unicom, along with Alibaba, ZTE, and the Ministry of Industry and Information Technology, is set to develop an IoT blockchain framework, which is expected to improve security and operational efficiency [2]. - The company is enhancing its data governance and security capabilities, with 12 data governance capabilities recognized in the "2023 Data Governance Industry Map 2.0," ranking first in the number of entries [2]. Group 3: Strategic Initiatives - The company plans to launch 5G inter-network roaming services in collaboration with other major telecom operators, allowing users to access 5G networks seamlessly in areas without their operator's coverage [4]. - China Unicom's strategic focus includes digital economy initiatives, emphasizing "big connectivity, big computing, big data, big applications, and big security" as core responsibilities [8]. Group 4: Financial Overview - For the first half of 2025, China Unicom reported a revenue of 200.202 billion yuan, reflecting a year-on-year growth of 1.45%, and a net profit of 6.349 billion yuan, up 5.12% [9]. - The company has distributed a total of 35.536 billion yuan in dividends since its A-share listing, with 12.427 billion yuan in the last three years [10].