格隆汇11月18日｜长江证券研报指出，中国联通2025前三季度经营发展保持良好势头，收入、利润稳健 增长。联网通信稳中有进，宽移用户净增规模创近年同期新高，融合套餐用户ARPU也保持百元以上； 算网数智提能升级，智算规模进一步扩大。此外，公司应收账款规模和信用减值损失同比增幅明显收 窄，现金流较中报也有所改善，报表质量持续优化。展望2025年，公司有望实现营业收入、利润及净资 产收益率的有力增长。预计公司2025-2027年归母净利润为95.8亿元、100.8亿元、105.7亿元，对应同比 增速6.1%、5.3%、4.9%，对应PE 18倍、17倍、16倍，重点推荐，维持"买入"评级。 ...

Core Insights - Jinan Unicom launched a series of customer engagement activities in July, targeting various demographics including seniors, students, VIP customers, and government enterprises, emphasizing the company's commitment to customer needs and satisfaction [1][3][5] Group 1: Activities for Seniors - On July 14, Jinan Unicom held a "Technology Assistance for Seniors" event, focusing on the digital needs of the elderly, providing hands-on guidance on smartphone features and offering customized gifts [1] - The event included a Q&A session that generated over ten suggestions for improving services for seniors, highlighting the company's responsiveness to customer feedback [1] Group 2: Engagement with Students - On July 18, a "Youth Special" event was organized at the Bayi flagship store, featuring a product showcase and interactive activities to engage student customers [3] - The event successfully attracted over 80 VIP customers and new subscribers to a 199 yuan fusion package, demonstrating the effectiveness of innovative service models that combine communication and health services [3] Group 3: Collaboration with Huawei - On July 23, the "Jinan Unicom-Huawei Brand Service Day" provided customers with immersive experiences of Huawei's products, enhancing the strategic collaboration between the two companies [5] - The event also included educational components on fraud prevention, showcasing the company's commitment to customer safety and service quality [5] Group 4: Overall Impact - The July customer day activities served nearly 220 participants, receiving widespread positive feedback and trust from customers, indicating the success of Jinan Unicom's customer engagement strategy [7] - The company plans to continue evolving its service offerings and customer engagement initiatives to enhance the overall customer experience in the city [7]