China Unicom(SH:600050) Zhi Tong Cai Jing·2025-10-22 12:00Core Insights - China Unicom reported a revenue of 292.985 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 1% [1] - The net profit attributable to shareholders reached 8.772 billion yuan, up 5.2% year-on-year, while the net profit excluding non-recurring items was 7.623 billion yuan, reflecting a 10.9% increase [1] - The basic earnings per share stood at 0.281 yuan [1] Group 1: Connectivity and User Growth - The mobile user base expanded to 356 million, with a net increase of 12.48 million users [1] - Fixed broadband users reached 129 million, with a net increase of 6.79 million users, marking the highest net growth in recent years [1] - The number of IoT connections surpassed 700 million, indicating a robust growth in connectivity [1] Group 2: Digital Transformation and Cloud Services - The cloud revenue amounted to 52.9 billion yuan, showcasing significant growth in computing power services [1] - Revenue from data centers was 21.4 billion yuan, reflecting an 8.9% year-on-year increase [1] - The company is enhancing the integration of 5G, AI, and industrial internet, serving over 20,000 customers with 5G virtual private networks [1] Group 3: Network Investment and Technological Advancements - The company is focused on high-standard construction and efficient operations, leading to significant improvements in network capabilities [2] - The mobile network is being upgraded from 5G to 5G-A, and broadband from gigabit to 10-gigabit, enhancing user experience [2] - Investment in research and development increased by 5.9% year-on-year, with a focus on next-generation internet, big data, AI, and other key technologies [2]