Sou Hu Cai Jing·2025-10-22 14:52Core Insights - China Unicom reported a revenue of approximately RMB 293 billion for the first three quarters of 2025, reflecting a year-on-year increase of 1.0% [1][2] - The company achieved a pre-tax profit of approximately RMB 24.7 billion, with net profit attributable to shareholders reaching around RMB 20 billion, marking a 5.1% increase year-on-year [1][2] Financial Performance - Total revenue for the first three quarters was RMB 293 billion, with service revenue accounting for approximately RMB 261.6 billion, a 1.1% increase [1][2] - The third quarter revenue was approximately RMB 92.8 billion, remaining flat compared to the same period last year [3] - The net profit attributable to shareholders for the third quarter was approximately RMB 2.4 billion, a 5.4% increase year-on-year [3] User Growth - As of the end of the third quarter, China Unicom had 356 million mobile users, with a net increase of 12.48 million users [4] - The number of fixed broadband users reached 129 million, with a net increase of 6.79 million users [4] - The number of IoT connections surpassed 700 million [4] Business Segments - The "Cloud and Data Center" segment has emerged as a significant growth driver, with cloud revenue reported at RMB 52.9 billion [5] - Data center revenue was RMB 21.4 billion, reflecting an 8.9% year-on-year increase [5] - The company is focusing on integrating 5G, AI, and industrial internet to enhance its service capabilities [5] Future Outlook - China Unicom is increasing its investment in cutting-edge technologies, with R&D expenses rising by 5.9% [6] - The company is exploring new business areas, including 6G, satellite internet, and quantum technology [6] - Upgrades to network infrastructure are underway, transitioning from 5G to 5G-A and from gigabit to 10-gigabit broadband [6]