Core Viewpoint - The company reported steady growth in its operating performance for the first half of 2025, with a revenue of over RMB 200 billion, reflecting a year-on-year increase of 1.5% and a profit total of RMB 17.7 billion, up 5.2% year-on-year [4][16]. Financial Data - The company expects to receive approximately RMB 3.819 billion in dividends from its stake in China Unicom (BVI) Limited, leading to a distributable profit of about RMB 34.82 billion after accounting for expenses and statutory reserves [2][46]. - The proposed cash dividend is RMB 1.112 per 10 shares (including tax), totaling around RMB 34.77 billion to be distributed to shareholders [2][47]. Business Performance - The company achieved a revenue of RMB 1,319 billion from its connected communication services, while its smart network and data services generated RMB 454 billion, accounting for 26% of total revenue [4][5]. - International business revenue reached RMB 68 billion, marking an 11% increase year-on-year [4]. Strategic Developments - The company is focusing on enhancing its network capabilities and customer service quality, with a net increase of over 11 million mobile and broadband users, reaching a total of 480 million [5][6]. - The company is also expanding its international market presence, collaborating with over 600 global operators and establishing new overseas intelligent computing centers [10]. Investment and Innovation - Capital expenditure for the first half of 2025 was RMB 20.2 billion, a decrease of 15% year-on-year, while the company aims to optimize its network and service efficiency [11]. - The company is investing in next-generation technologies, with R&D expenses increasing by 16% year-on-year, focusing on areas such as AI and quantum technology [13]. ESG Commitment - The company is committed to green development, implementing a carbon reduction plan and operating 22 national-level green data centers [15].