Shang Hai Zheng Quan Bao·2025-10-22 18:07Core Insights - China Unicom reported a revenue of 293 billion yuan for the first three quarters of 2025, a year-on-year increase of 1.0%, with a total profit of 24.6 billion yuan and a net profit attributable to the parent company of 8.8 billion yuan, reflecting a 5.2% increase year-on-year [2] - The performance of the three major telecom operators, including China Mobile, China Telecom, and China Unicom, showed steady growth in both revenue and net profit, driven by strategic emerging industries such as artificial intelligence, satellite internet, data centers, and quantum technology [2] Business Growth - China Unicom's mobile user base reached 356 million, with a net increase of 12.48 million users, while fixed broadband users reached 129 million, with a net increase of 6.79 million users, marking the highest net increase in recent years [3] - The number of IoT connections exceeded 700 million, and the revenue from cloud services reached 52.9 billion yuan, with data center revenue increasing by 8.9% year-on-year to 21.4 billion yuan [3] - The company is enhancing its network capabilities through high-standard construction and efficient operations, achieving significant improvements in user experience [3] Technological Advancements - China Unicom is focusing on next-generation internet, big data, artificial intelligence, and cybersecurity, with increased investment in R&D, which grew by 5.9% year-on-year [4] - The company has received a business license for satellite mobile communication from the Ministry of Industry and Information Technology, indicating a strong commitment to advancing in cutting-edge technologies [4] Strategic Initiatives - China Unicom plans to spin off its subsidiary, Unicom Smart Network Technology Co., Ltd., for listing on the Shenzhen Stock Exchange's Growth Enterprise Market, aiming to enhance innovation and competitiveness in the vehicle networking industry [5] - This spin-off is part of a broader strategy to optimize industrial layout and strengthen core competitiveness, leveraging market opportunities for growth [5] Financial Performance of Subsidiary - Unicom Smart Network Technology reported revenues of 437 million yuan, 574 million yuan, and 809 million yuan for the years 2020, 2021, and 2022, respectively, with net profits of 75 million yuan, 117 million yuan, and 100 million yuan [6] - The subsidiary focuses on vehicle networking and smart transportation, aligning with national strategies to build a strong transportation and digital economy [6]