中国联通20250318

Summary of Conference Call for China Unicom Company Overview - Company: China Unicom - Key Executives Present: - Chairman and CEO: Chen Zhongyue - Executive Director and President: Jian Qin - Executive Director: Wang Junzhi - Senior Vice President: Tang Yongbo - Executive Director and CFO: Li Yuzhuo - Senior Vice President: Hao Liqian [1] Core Financial Performance - Revenue: 389.6 billion RMB, a year-on-year increase of 4.6% [2] - Net Profit: 20.6 billion RMB, a year-on-year increase of 10.1% [2] - Return on Equity: Increased to 5.8% [2] - Voice Revenue: 68.6 billion RMB, a year-on-year increase of 17.1% [2] - Data Center Revenue: 25.9 billion RMB, a year-on-year increase of 7.4% [3] User Growth and Market Position - Mobile and Broadband Users: Reached 470 million, an increase of 19.52 million [2] - IoT Connections: Exceeded 620 million, an increase of 13 million [2] - Industry Leadership: Maintained the top position in the number of IoT connections and industrial internet platform management [2] Capital Expenditure and Investment Strategy - Total Capital Expenditure: 61.37 billion RMB, a year-on-year decrease of 17% [3] - Investment in Computing Power: Increased by 19% [3] - Network Coverage: Mobile network population coverage reached 99%, an increase of 1% [3] Technological Advancements - 5G Deployment: Expanded to 300 cities with ultra-high-speed capabilities [4] - Data Center Development: Over 300 large-scale computing centers established, with a computing capacity exceeding 1.7 billion FLOPS [4] - AI Integration: Launched AI products and services, enhancing market space and value creation [8] International Expansion and ESG Initiatives - Global Presence: New branches in UAE and Uzbekistan to better serve global customers [10] - ESG Commitment: Launched a green action plan and established 22 national-level green data centers [10] Shareholder Returns - Dividend Increase: 2024 dividend rate increased by 5 percentage points, with a total dividend of 0.4043 RMB per share, a year-on-year increase of 20% [11] Future Outlook - Revenue and Profit Growth: Expected strong growth in revenue, profit, and return on equity by 2025 [11] - Investment in AI Infrastructure: Special budget arrangements for AI-focused infrastructure and major projects [11]