Group 1 - The core point of the article is the completion of a share reduction plan by China Unicom's major shareholder, the State-owned Capital Structure Adjustment Fund, which has raised discussions in the telecom industry due to tax rate adjustments [1] - The share reduction involved a total of 337 million shares, accounting for 1.0764% of the total share capital, with a transaction value of 1.782 billion yuan, at a price range of 4.8 to 5.53 yuan per share [1] - The reduction is part of a normal equity arrangement aimed at optimizing state-owned capital structure and will not lead to a change in the company's control [1] Group 2 - For the first three quarters of 2025, China Unicom reported operating revenue of 292.985 billion yuan, a year-on-year increase of 0.99%, and a net profit attributable to shareholders of 8.772 billion yuan, up 5.20% year-on-year [1] - The company's net profit excluding non-recurring items was 7.623 billion yuan, reflecting a year-on-year growth of 10.87% [1] - As of February 4, China Unicom's stock price was 4.82 yuan per share, with an increase of 0.21% [3]

证券代码：600050 证券简称：中国联通 公告编号：2026-009 中国联合网络通信股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 大股东持股的基本情况 本次减持计划实施前，中国国有企业结构调整基金股份有限公司（以下简称"结构调整基金"）持有中国 联合网络通信股份有限公司（以下简称"中国联通""公司"或"本公司"）股份1,899,764,201股，占公司总 股本比例6.08%，股份来源为协议转让方式受让公司控股股东中国联合网络通信集团有限公司所持公司 股份1,899,764,201股。 ● 减持计划的实施结果情况 公司于2025年10月11日披露了《股东减持股份计划公告》（公告编号：2025-047），结构调整基金计划 在自该公告披露之日起十五个交易日后的三个月内，以集中竞价交易、大宗交易方式减持本公司股份不 超过375,173,104股（占本公司总股本比例不超过1.20%）。 公司收到结构调整基金的通知，截至2026年2月3日，结构调整基金本次减持计划已实 ...

中国联通公告，股东中国国有企业结构调整基金股份有限公司减持计划已完成，2025年11月3日至2026 年2月3日通过集中竞价减持3.13亿股、大宗交易减持2389.87万股，合计减持3.37亿股，占总股本 1.0764%，减持价格区间4.8～5.53元/股，成交金额17.82亿元，当前持股15.63亿股，占总股本5.00%。 ...

Core Viewpoint - The announcement details a significant equity change involving China United Network Communications Group Co., Ltd. (China Unicom) due to the reduction of shares held by its major shareholder, the China State-Owned Enterprise Structural Adjustment Fund Co., Ltd. (Structural Adjustment Fund), which has decreased its stake to 5% [3][4][8]. Group 1: Shareholding Changes - On October 11, 2025, the company disclosed a share reduction plan by the Structural Adjustment Fund, which aimed to reduce its holdings by up to 375,173,104 shares [6]. - As of January 29, 2026, the Structural Adjustment Fund has reduced its holdings from 1,899,764,201 shares (6.08%) to 1,563,221,267 shares (5.00%) through various trading methods [3][7][16]. - The total shares reduced by the Structural Adjustment Fund from November 13, 2025, to January 29, 2026, amounted to 295,842,634 shares, representing 0.95% of the company's total share capital [7][8]. Group 2: Strategic Implications - The reduction in shareholding is part of a normal equity arrangement by the Structural Adjustment Fund, aimed at optimizing state capital structure and meeting its own development needs, without affecting the control of the company [4][8]. - The Structural Adjustment Fund remains optimistic about China Unicom's development prospects and intends to continue deepening strategic cooperation across various fields [4][8]. - The company plans to leverage its diverse board governance to enhance collaboration with strategic investors, contributing to high-quality development [4][8].

中国联通：5%以上股东减持至5%公告要点 减持方式：集中竞价减持27,194.39万股，大宗交易减持2,389.87万股 减持时间：2025年11月13日至2026年1月29日 二、关键说明 本次减持系履行2025年10月11日披露的减持计划（计划减持不超过1.20%），减持计划尚未实施完毕 结构调整基金非公司控股股东，本次减持不触发要约收购，不改变公司控制权 减持目的为优化国有资本结构，结构调整基金表示继续看好公司发展前景并深化战略合作 一、权益变动情况 股东：中国国有企业结构调整基金股份有限公司 变动前持股：185,906.39万股，占比5.95% 变动后持股：156,322.13万股，占比5.00% 减持数量：29,584.26万股，占总股本0.95% ...

Core Viewpoint - China Unicom announced a reduction in shareholding by its shareholder, the State-owned Enterprise Structural Adjustment Fund, which decreased its stake from 6.08% to 5.95% through a block trade [1] Group 1: Shareholding Changes - The Structural Adjustment Fund reduced its holdings by 40.7003 million shares [1] - The change in shareholding percentage is significant as it touches the 1% integer threshold [1] Group 2: Purpose and Future Outlook - The reduction is part of the Structural Adjustment Fund's normal equity arrangement aimed at optimizing state-owned capital structure and meeting its own development needs [1] - The Fund remains optimistic about China Unicom's development prospects and will continue to deepen strategic cooperation in multiple areas [1]

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) of China is planning to reduce its stake in China Unicom after eight years of investment, aiming to optimize the capital structure and meet its own development needs [1][2][8]. Summary by Sections Shareholding Changes - The Structural Adjustment Fund plans to reduce its holdings in China Unicom by up to 375 million shares, representing 1.20% of the total share capital, within three months from November 3, 2025, to February 3, 2026 [2][8]. - Currently, the Structural Adjustment Fund holds approximately 1.9 billion shares of China Unicom, accounting for 6.08% of the total share capital [2]. Financial Performance - Since the mixed-ownership reform in 2017, China Unicom has seen significant growth in its financial performance, with net profit increasing over sevenfold from 2017 to the first half of 2025 [10][11][12]. - In the first half of 2025, China Unicom reported a net profit of 6.349 billion yuan, a year-on-year increase of 5.12% [10]. - The company has consistently improved its financial health, with a notable reduction in financial expenses from 38.55 billion yuan in 2016 to negative figures starting in 2020 [12]. Dividend Policy - China Unicom has increased its dividend payouts significantly since 2017, distributing a total of 206.74 billion yuan in dividends from 2018 to 2024, with a dividend of 3.477 billion yuan in the first half of 2025 [13][14]. - The dividend payout ratio has also improved, reaching 54.76% in the first half of 2025 [14]. Strategic Cooperation - Despite the planned reduction in shareholding, the Structural Adjustment Fund intends to continue deepening strategic cooperation with China Unicom across various fields [1][8].

中国联通(600050.SH)发布公告，中国国有企业结构调整基金股份有限公司(简称"结构调整基金")计划在 自公告披露之日起十五个交易日后的三个月内，以集中竞价交易、大宗交易方式减持公司股份不超过 3.75亿股(占公司总股本比例1.20%)。 ...

智通财经APP讯，中国联通(600050.SH)发布公告，中国国有企业结构调整基金股份有限公司(简称"结构 调整基金")计划在自公告披露之日起十五个交易日后的三个月内，以集中竞价交易、大宗交易方式减持 公司股份不超过3.75亿股(占公司总股本比例1.20%)。 ...

Group 1 - China Unicom announced that the State-owned Enterprise Structural Adjustment Fund acquired approximately 1.9 billion shares from its controlling shareholder in November 2017, which represents 6.08% of the company's total share capital [1] - The Structural Adjustment Fund plans to reduce its holdings by up to approximately 375 million shares, accounting for 1.2% of the total share capital, within three months after the announcement [1] - The reduction will be subject to adjustments based on any changes in the company's share capital during the reduction period, adhering to regulatory limits on share reductions [1] Group 2 - As of the latest report, China Unicom's market capitalization stands at 172.9 billion yuan [2]