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]