中国联通前三季度净利润同比增长5.2% 拟分拆智网科技至深交所创业板上市

Core Viewpoint - China Unicom reported its Q3 2025 earnings, showing stable revenue and profit growth, while also announcing plans to spin off its subsidiary, Unicom Smart Network Technology Co., Ltd. for a listing on the Shenzhen Stock Exchange's Growth Enterprise Market [2][5]. Financial Performance - In Q3 2025, China Unicom's revenue was 92.783 billion yuan, with a year-on-year growth of 0.0%, and a net profit of 2.423 billion yuan, reflecting a 5.4% increase [2][3]. - For the first three quarters of 2025, the company achieved a total revenue of 292.985 billion yuan, up 1.0% year-on-year, and a net profit attributable to the parent company of 8.772 billion yuan, which is a 5.2% increase [3]. User Growth and Business Expansion - The total number of mobile users reached 356 million, with a net increase of 12.48 million users, while fixed broadband users grew to 129 million, adding 6.79 million users, marking the highest net growth in recent years [3]. - The number of IoT connections surpassed 700 million, and the number of customers for 5G virtual private network services exceeded 20,000, indicating ongoing digital transformation [3]. Strategic Initiatives - China Unicom's cloud revenue reached 52.9 billion yuan, and data center revenue was 21.4 billion yuan, showing an 8.9% year-on-year increase [3]. - The company is focusing on next-generation internet, big data, artificial intelligence, and cybersecurity, while also advancing in 6G, low-altitude intelligent networks, satellite internet, humanoid AI, and quantum technology [3][4]. Spin-off Announcement - The planned spin-off of Unicom Smart Network Technology aims to enhance the company's market-oriented operational mechanisms and optimize the layout of innovative elements [5]. - This move is expected to boost the development of Unicom Smart Network's innovative business, improve operational quality, and strengthen its competitive position in the market [5][6]. - The spin-off will allow Unicom Smart Network to leverage capital markets for strategic opportunities in the vehicle networking industry and enhance its research and development capabilities [6].