香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA UNICOM (HONG KONG) LIMITED （在香港註冊成立之有限公司） （股份代號：762） 2025年第三季度運營數據 中國聯合網絡通信（香港）股份有限公司（「本公司」）全面實施融合創新戰略，聚焦 網絡強國、數字中國主責，拓展聯網通信、算網數智主業，推進網絡向新、技術向新、 服務向新，努力在企業高質量發展上邁出更大步伐。 中國聯合網絡通信(香港)股份有限公司 謹慎性陳述 董事會謹此提醒投資者，上述運營數據乃基於本集團內部資料，與本集團的合併財務報 表所呈現的數字可能存在差異。投資者應小心以免不恰當地依賴該等數據。本公司同時 籲請投資者在買賣本公司證券時務須小心謹慎。 承董事會命 中國聯合網絡通信(香港)股份有限公司 陳忠岳 董事長兼首席執行官 香港，2025年10月22日 本公司董事會（「董事會」）宣佈2025年第三季度本公司及其附屬公司（統稱「本集團」） 的運營數據。 2025年 ...

Core Viewpoint - Despite increased operating expenses due to AI cloud product development and talent recruitment, China Mobile (00941) reported a year-on-year profit growth of 1.4% in Q3 [1] Group 1: Financial Performance - China Mobile's Q3 profit increased by 1.4% year-on-year [1] Group 2: Future Outlook - The demand for AI computing power driven by fully autonomous IP and hardware/software cloud services is expected to boost telecom operators' profitability in the remainder of 2025 and beyond [1] Group 3: Analyst Recommendations - CICC maintains a "Buy" rating for China Mobile with a target price of HKD 103.2 [1] - The preferred ranking for telecom operators remains unchanged: China Telecom (00728), China Mobile, and lastly China Unicom (00762) [1]

Core Viewpoint - China Unicom is actively engaging in partnerships and technological advancements to enhance its service offerings and market position in the telecommunications sector. Group 1: Company Developments - China Unicom's stock rose by 0.73% with a trading volume of 1.328 billion yuan and a market capitalization of 173.205 billion yuan [1] - The company is collaborating with Alibaba, ZTE, and the Ministry of Industry and Information Technology to develop an IoT blockchain framework, aiming to improve trust, security, cost efficiency, and operational speed [2] - In its 2023 annual report, China Unicom has focused on leveraging policies related to "Digital China" and "Data Element X" to enhance its data service capabilities, achieving over 50% market share in the data service sector for five consecutive years [2] - The company has adopted NFC-based mobile payment standards in partnership with China Telecom and Bank of Communications to advance the mobile payment industry [2] Group 2: Industry Initiatives - China Unicom, along with China Mobile, China Telecom, and China Broadcasting Network, will launch 5G inter-network roaming services by May 2024, allowing users to access 5G networks from other operators without changing their SIM cards or incurring extra costs [3] - The "Smart Home" initiative was launched in March 2015, introducing a comprehensive information service solution for families, which allows for the sharing of broadband, data, voice, and SMS services among family members [3] Group 3: Financial Performance - As of June 30, 2025, China Unicom reported a revenue of 200.202 billion yuan, a year-on-year increase of 1.45%, and a net profit of 6.349 billion yuan, up by 5.12% [9] - The company has distributed a total of 39.012 billion yuan in dividends since its A-share listing, with 15.904 billion yuan distributed in the last three years [9] Group 4: Shareholder Information - As of June 30, 2025, China Unicom had 556,900 shareholders, a decrease of 6.02% from the previous period, with an average of 55,248 shares held per shareholder, an increase of 6.41% [9] - Major shareholders include Hong Kong Central Clearing Limited, which holds 1.314 billion shares, and several ETFs that have increased their holdings [9]

Core Insights - The integration of agriculture, culture, and tourism in Guangdong is becoming a pillar industry for county development, driven by the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project" [1][2][3] - A total of 19 regions have been selected as pilot areas for this integration, with significant projects emerging from these initiatives [2][12][20] Summary by Categories Project Development - The first batch of 11 pilot areas has seen notable achievements, including the construction of the 218-kilometer "Most Beautiful Tourist Road" in Huizhou and the opening of 101 cultural tourism projects in the Kaiping-Taishan area [2][12][20] - The second batch of 8 pilot areas is also making progress, with plans for 35 key projects in Foshan, totaling over 5.8 billion yuan in investment [3][20][21] Economic Impact - The integration is revitalizing idle resources and promoting the development of rural industries, leading to increased economic activity and job creation [3][13][21] - In 2022, the city of Jiangmen received over 20 million tourists, with tourism revenue growing at double-digit rates for two consecutive years [5][22] Strategic Recommendations - Experts suggest focusing on rural resources, agricultural development, cultural uniqueness, and market orientation to enhance the quality of integration [4][13] - The need for effective branding and promotion of tourism projects is emphasized, with initiatives in places like Heyuan showcasing local attractions [7][16] Infrastructure and Connectivity - Huizhou's development of a 218-kilometer tourist road is connecting various tourism resources, enhancing accessibility [15][23] - Digital infrastructure is being strengthened to support agricultural tourism, with initiatives like smart farming and data-driven agricultural models [9][18][25] Market Engagement - The involvement of various market players is crucial for sustainable development, with companies like Guangdong Tourism Holdings leveraging their full industry chain advantages [8][24] - Investments in innovative projects are being made, with companies committing over 3 billion yuan to enhance local tourism offerings [8][24][25]

Market Overview - On October 22, the communication services sector rose by 0.32% compared to the previous trading day, with Sanwei Communication leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Sanwei Communication (002115) closed at 12.39, up 5.00% with a trading volume of 2.4879 million shares and a transaction value of 3.005 billion [1] - Yuandao Communication (301139) closed at 21.93, up 2.00%, with a trading volume of 98,500 shares and a transaction value of 215 million [1] - Zhongbei Communication (603220) closed at 23.78, up 1.97%, with a trading volume of 129,500 shares and a transaction value of 305 million [1] - Other notable performers include Nanling Technology (300921) up 1.93% and China Unicom (600050) up 0.73% [1] Fund Flow Analysis - The communication services sector experienced a net outflow of 136 million from institutional investors, while retail investors saw a net inflow of 120 million [2] - The overall net inflow from speculative funds was 15.8 million [2] Individual Stock Fund Flow - Zhongbei Communication had a net inflow of 41.91 million from institutional investors, while retail investors had a net outflow of 31.29 million [3] - Sanwei Communication saw a net inflow of 27.44 million from institutional investors, with retail investors contributing a net inflow of 56.14 million [3] - Yuandao Communication had a net inflow of 18.47 million from institutional investors, but a significant net outflow of 31.14 million from retail investors [3]

Core Viewpoint - The 15th National Games (referred to as "Fifteenth Games") represents a significant opportunity for brand exposure and economic growth, showcasing the collaborative efforts of enterprises and the event organizers in the Guangdong-Hong Kong-Macao Greater Bay Area [1][12][13] Sponsorship Overview - The organizing committee received 121 sponsorship intentions across 53 categories, with a total sponsorship intention exceeding 2 billion yuan, and has signed agreements with 29 enterprises covering various sectors [2][5] - The sponsorship structure includes four tiers: partner, sponsor, exclusive supplier, and supplier, with the highest tier requiring a minimum sponsorship of 100 million yuan [5][6] - A total of 32 sponsoring enterprises have been identified, including 9 partners and 14 exclusive suppliers, covering diverse categories such as insurance, aviation, and sports equipment [5][9] Sponsorship Dynamics - The event has achieved full sponsorship in key categories like sports apparel, torches, medals, and ceremonial attire, marking a shift from reliance on government funding to a more diversified sponsorship model [6][7] - The collaboration of the three major telecom operators (China Telecom, China Mobile, and China Unicom) for the first time highlights the event's digital and technological advancements, ensuring robust network support during the games [8][9] Regional Economic Impact - The sponsorship landscape reflects a diverse mix of local, cross-border, and international enterprises, with nearly 60% of sponsors based in the Greater Bay Area, showcasing its economic integration capabilities [9] - The "City Partner" initiative aims to leverage the event for long-term economic benefits, fostering a sustainable partnership between the government and businesses [11][12] Conclusion - The sponsorship scale of the Fifteenth Games sets a new record, indicating strong market recognition of the event's commercial value and the strategic alignment of enterprises seeking to enhance their brand presence through this platform [13]

Core Points - The 2025 Jinan Marathon successfully took place with 30,000 runners, showcasing the city's unique landscape and modern vitality [1] - Jinan Unicom provided robust communication support for the event, addressing significant challenges due to high demand for network services along the racecourse [1][2] Group 1: Event Preparation - Jinan Unicom initiated a special communication support plan two weeks prior to the marathon, aiming for zero interruptions and high user satisfaction [1] - Wireless network optimization teams conducted multiple inspections along the 42.195 km racecourse, focusing on areas with high foot traffic to ensure signal coverage [2] - Emergency communication vehicles were deployed at key locations to maintain stable signals for media broadcasts and event coordination [2][3] Group 2: Communication Infrastructure - A combination of bare fiber and IP dedicated lines was established to meet the high transmission standards required for media coverage [2] - The construction and testing of five bare fiber lines and three IP dedicated lines were completed to create a high-speed information channel for live broadcasts [2] Group 3: Event Execution - During the marathon, communication support was dynamically adjusted to handle surges in user demand, particularly at high-traffic areas like the Black Tiger Spring section [7] - The 5G network enabled real-time sharing of race moments on social media, enhancing the event's visibility [7] - The communication infrastructure successfully managed the high volume of data transmission, ensuring uninterrupted live coverage throughout the event [7][9] Group 4: Overall Impact - The communication support not only demonstrated the reliability of Jinan Unicom's network but also showcased the city's charm and vitality through technology [9] - Participants expressed satisfaction with the seamless connectivity during the race, highlighting the importance of reliable communication in enhancing the overall experience [9]

Group 1 - Guangdong Province is advancing the intelligent transformation of its manufacturing industry through three main strategies: robust network infrastructure, collaborative computing networks, and the integration of digital and physical sectors [1][2] - By August 2025, Guangdong plans to establish 431,000 5G base stations and 2,529,000 10G PON ports, maintaining its leading position nationally [1] - The province aims to create 100 projects for 10G optical networks this year, with over one-third of these projects focused on factory scenarios [1] Group 2 - As of August 2025, Guangdong has built over 7,600 5G industry virtual private networks, with nearly 27 million 5G IoT terminal users [2] - The "Hundred Thousand" initiative for 5G factories has resulted in 79 factories being included in the national 5G factory directory over three years [2] - Future plans include enhancing the infrastructure for industrial AI, optimizing computing resource layouts, and fostering innovation in AI applications to support deep integration with manufacturing [2]

Group 1 - The National AI Application Pilot Base for Consumer AI Terminals has organized a series of enterprise symposiums to foster industry consensus and collaboration for building a global highland in the mobile terminal industry [1][2] - The first symposium focused on the implementation of leading scenarios, with representatives from major companies like Huawei, OPPO, and vivo participating to discuss ecological development [2][4] - The East Guangdong government emphasized the importance of leveraging AI technology for large-scale application and industrialization, encouraging companies to actively participate in the base's construction [4][11] Group 2 - The second symposium aimed to clarify construction paths and cooperation models, with discussions on the core themes of "AI + terminal products" and "AI + production processes" [5][7] - Key industry players shared insights on challenges such as OS adaptation, data labeling, and quality inspection, indicating a strong willingness to contribute to the base's ecosystem [4][7] - The base's operational unit, China Unicom (Guangdong), highlighted its commitment to building an innovative ecosystem by leveraging its 5G networks and data resources [7][10] Group 3 - The third symposium focused on empowering enterprises through AI capabilities, with a detailed analysis of current AI technology characteristics in the industrial sector [8][10] - The East Guangdong AI Research Institute provided insights into practical applications of AI in smart manufacturing, addressing industry pain points [10] - The collaborative efforts have resulted in a preliminary list of scenarios for implementation, marking significant progress in the local application of the national "AI +" initiative [11]

Core Viewpoint - The communication industry in China has achieved a historic breakthrough with the successful launch of the first cross-operator traceable VoWiFi call between China Telecom and China Unicom in Shandong, addressing issues related to weak cellular network coverage indoors [1][18]. Summary by Sections VoWiFi Technology - VoWiFi (Voice over WiFi) allows users to make voice calls over WiFi networks, solving issues in areas with poor cellular coverage [8][9]. - Unlike VoLTE (Voice over LTE) and VoNR (Voice over New Radio), which rely on 4G and 5G networks respectively, VoWiFi operates independently of cellular signals, requiring only a WiFi connection [8][9]. Historical Context - The first end-to-end traceable VoWiFi call was successfully made by Shanghai Telecom on May 20, 2022 [4]. - VoWiFi services had not been officially launched in China due to regulatory challenges regarding traceability [9]. Technical Innovations - A dual-factor authentication system was developed to ensure reliable traceability and security for VoWiFi calls, achieving higher precision than VoLTE [10]. - The cross-operator traceable VoWiFi solution has been recognized by experts from the Ministry of Industry and Information Technology and the China Academy of Information and Communications Technology [10]. Market Implementation - Following the announcement of VoWiFi by China Telecom in 2022, pilot programs were initiated in five provinces in 2023 [11]. - Users in cities like Guangzhou and Shenzhen can now experience this service, provided their devices support it [14]. User Experience and Benefits - VoWiFi can enhance call quality in areas with weak cellular signals, providing clearer and more stable communication compared to traditional voice calls [17]. - The service is automatically activated when mobile signals are poor, ensuring seamless connectivity [18]. Industry Impact - The technology has been adopted by both major operators and is set to become an industry standard under the China Communications Standards Association (CCSA), promoting collaborative development across the sector [19]. - The implementation of this technology not only expands the user base for VoWiFi but also opens new communication pathways in remote areas and special scenarios [19][20].