China Unicom(SH:600050) Xin Lang Cai Jing·2025-10-15 07:09Core Viewpoint - China Unicom is actively engaging in the integration of blockchain technology with IoT, aiming to enhance trust, security, and operational efficiency in its services [2]. Financial Performance - In 2024, China Unicom reported a revenue of RMB 200.2 billion, reflecting a year-on-year growth of 1.45%, with a net profit of RMB 6.349 billion, up 5.12% [9]. - The company achieved a significant increase in revenue from its cloud services, reaching RMB 26.87 billion, a 142% increase year-on-year, while IDC revenue grew by 12.9% to RMB 18.61 billion [3]. Strategic Initiatives - China Unicom is collaborating with Alibaba, ZTE, and the Ministry of Industry and Information Technology to develop an IoT blockchain framework, which is expected to lower costs and improve operational speed [2]. - The company is focusing on digital transformation by leveraging data services, with over 50% market share in the data service sector for five consecutive years [2]. Product Development - The launch of the "Smart Home" service under the "Smart Wo Family" initiative aims to provide comprehensive communication solutions for households, enhancing service integration [4]. - The company is expanding its 5G services, with a notable increase in the number of customers using 5G virtual private networks, reaching 2,785 [3]. Market Position - As of June 30, 2025, China Unicom had 556,900 shareholders, with a slight decrease of 6.02% from the previous period [9]. - The company has a diversified revenue structure, with broadband and mobile data services accounting for 38.49% and data and other internet applications for 27.48% of total revenue [8].