智通财经APP获悉，中国联通(00762)早盘涨超4%，截至发稿，涨4.39%，报10.46港元，成交额2.26亿港 元。 消息面上，中国联通发布近日发布中期业绩，上半年营业收入突破2000亿元，同比增长1.5%；税前利 润达到178亿元，同比增长5.1%；董事会决定派发中期股息每股人民币0.2841元（含税），同比提升 14.5%。上半年，联网通信收入达到人民币1,319亿元。算网数智收入达到人民币454亿元，占比提升到 26%。 高盛指出，中国联通中期业绩显示收入增长、现金流及盈利受阻，但股息增长仍然稳健，上半年每股派 息按年增加14.5%，派息比率按年提升5个百分点，认为电信股已成为本地投资者主要的高息回报选 择，电信股的稳定派息能力及增加派息的意愿将成为推动股价的关键因素。该行预期联通上半年应收账 款增加导致坏账拨备上升的情况会在下半年改善，从而缓解盈利压力。 ...

中国联通（600050）(00762)早盘涨超4%，截至发稿，涨4.39%，报10.46港元，成交额2.26亿港元。 消息面上，中国联通发布近日发布中期业绩，上半年营业收入突破2000亿元，同比增长1.5%；税前利 润达到178亿元，同比增长5.1%；董事会决定派发中期股息每股人民币0.2841元(含税)，同比提升 14.5%。上半年，联网通信收入达到人民币1,319亿元。算网数智收入达到人民币454亿元，占比提升到 26%。 高盛指出，中国联通中期业绩显示收入增长、现金流及盈利受阻，但股息增长仍然稳健，上半年每股派 息按年增加14.5%，派息比率按年提升5个百分点，认为电信股已成为本地投资者主要的高息回报选 择，电信股的稳定派息能力及增加派息的意愿将成为推动股价的关键因素。该行预期联通上半年应收账 款增加导致坏账拨备上升的情况会在下半年改善，从而缓解盈利压力。 ...

中国联通（600050）(00762)涨超3%，截至发稿，涨3.04%，报10.5港元，成交额5.68亿港元。 消息面上，中国联通公布2025年中期业绩，营业收入突破人民币2000亿元，同比增长1.5%；税前利润 达到人民币178亿元，同比增长5.1%。公司权益持有者应占溢利人民币144.84亿元，同比增长5.01%；每 股盈利人民币0.47元，拟派中期股息每股人民币0.2841元，同比增长14.5%。 公司业务结构持续优化。联网通信收入达到人民币1,319亿元；算网数智收入达到人民币454亿元，占比 提升到26%；国际业务收入达到人民币68亿元，同比增长11%；战略性新兴产业收入占比提升到86%， 成为公司高质量发展的新动能。 ...

消息面上，中国联通公布2025年中期业绩，营业收入突破人民币2000亿元，同比增长1.5%；税前利润 达到人民币178亿元，同比增长5.1%。公司权益持有者应占溢利人民币144.84亿元，同比增长5.01%；每 股盈利人民币0.47元，拟派中期股息每股人民币 0.2841元，同比增长14.5%。 公司业务结构持续优化。联网通信收入达到人民币1,319亿元；算网数智收入达到人民币454亿元，占比 提升到26%；国际业务收入达到人民币68亿元，同比增长11%；战略性新兴产业收入占比提升到86%， 成为公司高质量发展的新动能。 智通财经APP获悉，中国联通(00762)涨超3%，截至发稿，涨3.04%，报10.5港元，成交额5.68亿港元。 ...

Group 1: China Unicom - Company revenue exceeded RMB 200 billion in the first half of the year, with a total profit of RMB 17.7 billion, representing a year-on-year increase of 5.2% [1] - Internet communication revenue reached RMB 131.9 billion, while intelligent network revenue amounted to RMB 45.4 billion, accounting for 26% of total revenue [1] - The number of connected users surpassed 1.2 billion, with mobile and broadband users increasing by over 11 million, reaching a total of 480 million [1] Group 2: Kweichow Moutai - The net profit for the first half of the year increased by 8.89%, with favorable factors outweighing unfavorable ones [2] Group 3: Shuanghui Development - The company reported a total meat product export volume of 1.57 million tons, a year-on-year increase of 3.67%, and total revenue of RMB 28.5 billion, up 3.00% [4] - The total profit decreased by 2.36%, while the net profit attributable to shareholders rose by 1.17% due to improved profitability in tax-exempt businesses [4] Group 4: Pengding Holdings - The company achieved a revenue of RMB 16.375 billion, a year-on-year increase of 24.75%, and a net profit of RMB 1.233 billion, up 57.22% [6] - The increase in revenue was attributed to a rise in customer orders [6] Group 5: Jinlongyu - The company reported a net profit increase of 60.07%, with revenue reaching RMB 115.68 billion, up from RMB 109.48 billion [9] - The growth in revenue was driven by increased sales of kitchen foods, feed raw materials, and oil technology products [9] Group 6: Other Companies - Zhenray Technology reported a turnaround in net profit due to significant growth in main business revenue [12] - Zhongke Sanhuan achieved a net profit increase of 160.82%, despite a revenue decline of 11.17% [16]

中国联通（600050）(00762)公布2025年中期业绩，营业收入突破人民币2,000亿元，同比增长1.5%;税前 利润达到人民币178亿元，同比增长5.1%。 公司权益持有者应占溢利人民币144.84亿元，同比增长 5.01%;每股盈利人民币0.47元，拟派中期股息每股人民币 0.2841元。 2025年上半年，公司经营活动现金流量净额为人民币290.0亿元，资本开支为人民币202.2亿元。截至 2025年6月30日，公司资产负债率为43.7%。 公司业务结构持续优化。联网通信收入达到人民币1,319亿元;算网数智收入达到人民币454亿元，占比 提升到26%;国际业务收入达到人民币68亿元，同比增长11%;战略性新兴产业收入占比提升到86%，成 为公司高质量发展的新动能。 公司持续推动网络和产品升级，以"联网更快、通信更优、产品更好"不断塑造发展新动能新优势。上半 年，联接用户规模突破12亿，其中移动和宽带用户净增超过1,100万，创近年同期新高，总量达到4.8亿; 物联网连接数净增超过 6,000万，总量达到6.9亿，其中车联网8,600万，主导优势继续巩固。 上半年，公司精准建网、智能管网成效明显， ...

上半年，联接用户规模突破12亿，其中移动和宽带用户净增超过1,100万，创近年同期新高，总量达到 4.8亿;物联网连接数净增超过6,000万，总量达到6.9亿，其中车联网8,600万，主导优势继续巩固。 上半年，联网通信收入达到人民币1,319亿元;算网数智收入达到人民币454亿元，占比提升到26%;国际 业务收入达到人民币68亿元，同比增长11%;战略性新兴产业收入占比提升到86%，成为公司高质量发展 的新动能。 智通财经APP讯，中国联通(600050.SH)披露2025年半年度报告，报告期公司实现营收2002.02亿元，同 比增长1.5%;归属于上市公司股东的净利润63.49亿元，同比增长5.1%;扣非净利润55.8亿元，同比增长 10.3%;基本每股收益0.203元。拟每10股拟派发现金股利人民币1.112元(含税)。 ...

Core Insights - China Unicom reported a mid-year revenue exceeding RMB 200 billion, with a year-on-year growth of 1.5% [1] - The company's pre-tax profit reached RMB 17.8 billion, reflecting a 5.1% increase year-on-year [1] - Earnings attributable to equity holders amounted to RMB 14.484 billion, up 5.01% year-on-year, with earnings per share at RMB 0.47 and an interim dividend of RMB 0.2841 per share proposed [1] Financial Performance - Operating cash flow for the first half of 2025 was RMB 29 billion, while capital expenditure was RMB 20.22 billion [1] - As of June 30, 2025, the company's debt-to-asset ratio stood at 43.7% [1] Business Structure and Growth - The revenue from connected communications reached RMB 131.9 billion, while smart network revenue was RMB 45.4 billion, accounting for 26% of total revenue [1] - International business revenue grew by 11% to RMB 6.8 billion, and revenue from strategic emerging industries increased to 86%, becoming a new driver for high-quality development [1] User Growth and Network Development - The total number of connected users surpassed 1.2 billion, with net additions of over 11 million mobile and broadband users, marking a record high for the same period [1] - The number of IoT connections increased by over 60 million, totaling 690 million, with 86 million in the automotive IoT sector, reinforcing the company's leading position [1] Operational Efficiency - The company achieved significant results in precise network construction and intelligent network management, with capital expenditure decreasing by 15% year-on-year to RMB 20.2 billion [2] - The implementation of a simplified network is progressing, leading to an annual OPEX savings of nearly RMB 1 billion, and data center resource utilization exceeding 70% [2] - The company emphasizes high-standard construction and efficient operations, enhancing network layout, capability, and security [2]