{"id":51730,"date":"2026-03-19T16:47:00","date_gmt":"2026-03-19T09:47:00","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=51730"},"modified":"2026-03-19T16:47:00","modified_gmt":"2026-03-19T09:47:00","slug":"china-unicom-free-cash-flow-up-by-nearly-30","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=51730","title":{"rendered":"China Unicom Free Cash Flow Up by Nearly 30%"},"content":{"rendered":"<p><b>Highlights:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Service revenue reached RMB 347.7 billion. Net profit<sup><b>[1]<\/b><\/sup> was RMB 20.8 billion. Free cash flow<sup><b>[2]<\/b><\/sup> reached RMB 36.0 billion, representing a year-on-year increase of 28.5%.<\/b><\/li>\n<li><b>Investment efficiency was enhanced, with annual capital expenditure (CAPEX) amounting to RMB 54.2 billion. CAPEX to service revenue ratio fell to 16%. Looking ahead to 2026, CAPEX is expected to be approximately RMB 50 billion, of which investment in computing power will account for more than 35%.<\/b><\/li>\n<li><b>The Company has always attached great importance to shareholder returns. The Board of Directors proposed a final dividend<sup><b>[3]<\/b><\/sup> of <\/b><b>RMB 0.1329<\/b><b> per share (pre-tax). Together with the interim dividend already paid, the total dividend for the full year of 2025 reached RMB <\/b><b>0.417<\/b><b> per share (pre-tax), representing an increase of <\/b><b>3.1<\/b><b>% year-on-year, with the dividend payout ratio increasing to <\/b><b>61.3<\/b><b>%.<\/b><\/li>\n<\/ul>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prntac prncbts prnbrbrs prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Financial summary (RMB million)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prncbts prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>YoY change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Operating revenue<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">389,589<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>392,223<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0.7\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Service revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">345,975<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>347,738<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0.5\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Net Profit<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">20,613<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>20,816<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1.0\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Basic earnings per share (RMB)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0.674<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0.680<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1.0\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Dividend per share (RMB)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0.4043<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0.417<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3.1\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Free cash flow<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">28,033<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>36,022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">28.5\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span class=\"legendSpanClass\">HONG KONG<\/span>, <span class=\"legendSpanClass\">March 19, 2026<\/span> \/PRNewswire\/ &#8212; <b>China Unicom (Hong Kong) Limited and its subsidiaries (<\/b><b>&#8220;<\/b><b>China Unicom<\/b><b>&#8220;<\/b><b> or the <\/b><b>&#8220;<\/b><b>Company<\/b><b>&#8220;<\/b><b>) (HKEx: 0762) is pleased to announce today its 2025 annual results.<\/b><\/p>\n<p>In 2025, China Unicom adhered to the keynote of &#8220;Preserve and Innovate, Steady and Far-Reaching&#8221;, making solid strides in high-quality development. Service revenue reached RMB 347.7 billion. Net profit was RMB 20.8 billion. Return on equity<sup>[4]<\/sup> (ROE) reached 5.7%. Free cash flow reached RMB 36.0 billion, representing a year-on-year increase of 28.5%. Corporate governance continued to improve, and the Company was named &#8220;Most Honoured Telecommunications Company&#8221; by <i>Extel<\/i> (formerly <i>Institutional Investor<\/i>) for ten consecutive years. While achieving growth in operating results, the Company attaches great importance to shareholder returns. The Board of Directors proposed a final dividend of RMB 0.1329\u00a0per share (pre-tax). Together with the interim dividend already paid, the total dividend for the full year of 2025 reached RMB 0.417\u00a0per share (pre-tax), representing an increase of 3.1% year-on-year, with the dividend payout ratio increasing to 61.3%.<\/p>\n<p>Seizing opportunities from the new round of technological and industrial innovation, the Company implemented &#8220;AI+&#8221; initiatives. Revenue contribution from strategic emerging industries reached over 86%. The computing power business revenue ratio<sup>[5]<\/sup> reached\u00a015.4%, representing an increase of 1.1 percentage points over the previous year. International business revenue recorded a year-on-year increase of over 9%. By deepening co-build co-share and building an ultra-lean network, over RMB 1.3 billion in operating costs were saved annually. Investment efficiency was enhanced, with annual CAPEX amounting to RMB 54.2 billion. CAPEX to service revenue ratio fell to 16%. Looking ahead to 2026, CAPEX is expected to be approximately RMB 50 billion, of which investment in computing power will account for more than 35%.<\/p>\n<p><b>Total connectivity subscriber scale exceeded 1.2 billion<\/b><\/p>\n<p>The Company is committed to improving the breadth and depth of its network coverage. Thanks to the implementation of special initiatives such as &#8220;Signal Upgrade&#8221; and the deepening of co-build co-share, the Company&#8217;s mobile network population coverage rate exceeded 99%, and 5G-A base stations were deployed in more than 330 cities. The Company promoted the capacity expansion of gigabit broadband and the upgrade of 10-gigabit broadband, and launched pre-commercial trial of 10-gigabit optical fibre networks in more than 100 cities. It made deployments in frontier fields such as 6G and quantum communications, and launched\u00a0quantum-secure leased lines.<\/p>\n<p>The Company actively expanded connectivity scenarios. Its total connectivity subscriber scale<sup>[6]<\/sup> exceeded 1.2 billion, representing an increase of 110 million over the previous year. Among these, the net addition of mobile and broadband subscribers exceeded 20 million. The penetration rate of integrated subscribers exceeded 78% with their\u00a0ARPU remaining at above RMB 100. The number of IoT connections exceeded 700 million, and the Company consolidated its leading advantage in the Internet of Vehicles (IoV) market. After obtaining the operating permit for satellite mobile communication services, the Company actively promoted the scale development of satellite direct-to-device applications.<\/p>\n<p><b>AI revenue<sup><b>[7]<\/b><\/sup> increased by 147% year-on-year<\/b><\/p>\n<p>The Company is committed to providing faster and more precise computing power services, strengthening its resource buildout at the &#8220;Eastern Data, Western Computing&#8221; hub nodes and in green computing-power coordination demonstration provinces. The number of standard cabinets<sup>[8]<\/sup> exceeded 1.10 million, seven 100MW-grade AIDC campuses have been built, and the scale of intelligent computing reached 45 EFLOPS. The Company accelerated the construction of the new &#8220;Eight Vertical and Eight Horizontal&#8221; backbone optical fibre cable network, adding more than 9,000 kilometres to achieve the interconnection of computing power hub nodes. Data centre revenue was RMB 28.1 billion, up by\u00a08.5% year-on-year.<\/p>\n<p>Unicom Cloud is accelerating its evolution towards AI Cloud. The Company\u00a0deepened\u00a0hyperscale intelligent cloud-native implementations, enhanced its centralised\u00a0orchestration and allocation\u00a0capabilities, and built\u00a0a new computing power business model of &#8220;applications\u00a0+ models\u00a0+ resources&#8221;. It supported\u00a0the construction of government clouds for over 180 provinces and municipalities as well as the digital and intelligent transformation of nearly 400,000 corporate customers. Unicom Cloud revenue<sup>[9]<\/sup> increased by 5.2% year-on-year. The Company established national pilot bases for AI application and launched the UniAI Wanxiang data engineering platform, the UniAI MaaS platform, and the UniAI Wanwu intelligent agent platform. With these platforms, it\u00a0formed over 400 TB of high-quality datasets, offered\u00a0over 140 mainstream\u00a0models, and gathered more than 10,000 developers to help customers rapidly build intelligent agent applications. AI revenue increased by 147% year-on-year.<\/p>\n<p><b>Cloud<\/b><b>-AI<\/b><b>\u00a0products serve<\/b><b>d<\/b><b>\u00a0more than 300 million users<\/b><\/p>\n<p>The Company is committed to promoting the integrated innovation of digital technologies such as 5G and AI to create differentiated products. In the consumer market, by creating the smart home hub &#8220;UniBOX Tongtong&#8221;, the Company continuously enhanced the new experience of digital smart living. Its Cloud-AI\u00a0products served\u00a0more than 300 million users, with revenue increasing by over 11% year-on-year. In the government and enterprise market, the Company deeply\u00a0supported\u00a0the construction of new industrialisation and digital government. It upgraded its\u00a0&#8220;5G\u00a0+ Industrial Internet&#8221; product system, and its\u00a0Gewu Industrial Internet Platform was consecutively named\u00a0as a national Class-A cross-industry and cross-domain platform. It strengthened\u00a0integrated IoV\u00a0operation, serving more than 95 million vehicles. In the field of digital government, it iterated\u00a0key products such as economic development\u00a0platform, AI call centre (AICC), and &#8220;Labour\u00a0Connect&#8221;\u00a0smart governance platform to help enhance\u00a0the government&#8217;s\u00a0economic regulation, administrative services, and labour\u00a0governance.<\/p>\n<p><b>T<\/b><b>he first and the only enterprise in China to pass the highest-level DSMM <\/b><b>accreditation<\/b><\/p>\n<p>The Company is committed to building a more robust\u00a0and stronger security system. It promoted\u00a0AI-powered security as well as\u00a0the security of AI, achieving\u00a0deep integration of artificial intelligence and data security. It was\u00a0the first and the only enterprise to pass the highest-level accreditation\u00a0of the national Data Security Maturity Model (DSMM). It\u00a0built a network security product system around its\u00a0&#8220;Mogong&#8221; security operation service platform, providing customised solutions and creating a growth driver for its security business. It also\u00a0launched the Unicom Security Guardian product, serving 210 million users.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[1]<\/sup> Profit attributable to equity shareholders of the Company<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[2]<\/sup> Free cash flow represents operating cash flow less capital expenditure. However, it is a non-GAAP financial measure which does not have a standardised meaning and therefore may not be comparable to similar measures presented by other companies.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[3]<\/sup> The proposed 2025\u00a0final dividend is subject to approval at the annual general meeting of the Company.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[4]<\/sup> Return on equity = Profit attributable to equity shareholders of the Company during the period\/Average balance of equity attributable to equity shareholders of the Company at the beginning and end of the period.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[5]<\/sup> Computing power business revenue = computing service revenue + data centre revenue. Computing power business revenue\u00a0ratio = computing power business revenue \/ service revenue.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[6]<\/sup> Total connectivity subscriber scale = aggregate number of mobile billing subscribers + aggregate number of fixed-line broadband subscribers + aggregate number of fixed-line local access subscribers + aggregate number of Internet-of-things terminal connections + aggregate number of networking leased line subscribers.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[7] <\/sup>AI revenue mainly includes revenue from intelligent computing services, model and agent applications, data services and related businesses.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[8]<\/sup> Number of standard cabinets is calculated based on 2.5\u202fkW per cabinet.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[9]<\/sup> Unicom Cloud revenue includes\u00a0revenue from cloud IDC, cloud resources, cloud platform, cloud service, cloud integration, cloud interconnection, cloud security, etc. generated from integrated innovative solutions.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Certain statements contained in this press release may be viewed as\u00a0<\/i><i>&#8220;<\/i><i>forward-looking statements<\/i><i>&#8220;<\/i><i>. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. In addition, the Company does not intend to update these forward-looking statements. Neither the Company nor the directors, employees or agents of the Company assume any liabilities in the event that any of the forward-looking statements does not materialise or turns out to be incorrect.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p><b>Highlights:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Service revenue reached RMB 347.7 billion. Net profit<sup><b>[1]<\/b><\/sup> was RMB 20.8 billion. Free cash flow<sup><b>[2]<\/b><\/sup> reached RMB 36.0 billion, representing a year-on-year increase of 28.5%.<\/b><\/li>\n<li><b>Investment efficiency was enhanced, with annual capital expenditure (CAPEX) amounting to RMB 54.2 billion. CAPEX to service revenue ratio fell to 16%. Looking ahead to 2026, CAPEX is expected to be approximately RMB 50 billion, of which investment in computing power will account for more than 35%.<\/b><\/li>\n<li><b>The Company has always attached great importance to shareholder returns. The Board of Directors proposed a final dividend<sup><b>[3]<\/b><\/sup> of <\/b><b>RMB 0.1329<\/b><b> per share (pre-tax). Together with the interim dividend already paid, the total dividend for the full year of 2025 reached RMB <\/b><b>0.417<\/b><b> per share (pre-tax), representing an increase of <\/b><b>3.1<\/b><b>% year-on-year, with the dividend payout ratio increasing to <\/b><b>61.3<\/b><b>%.<\/b><\/li>\n<\/ul>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prntac prncbts prnbrbrs prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Financial summary (RMB million)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prncbts prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>YoY change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Operating revenue<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">389,589<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>392,223<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0.7\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Service revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">345,975<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>347,738<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0.5\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Net Profit<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">20,613<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>20,816<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1.0\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Basic earnings per share (RMB)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0.674<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0.680<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1.0\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Dividend per share (RMB)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0.4043<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0.417<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3.1\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Free cash flow<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">28,033<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>36,022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">28.5\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span class=\"legendSpanClass\">HONG KONG<\/span>, <span class=\"legendSpanClass\">March 19, 2026<\/span> \/PRNewswire\/ &#8212; <b>China Unicom (Hong Kong) Limited and its subsidiaries (<\/b><b>&#8220;<\/b><b>China Unicom<\/b><b>&#8220;<\/b><b> or the <\/b><b>&#8220;<\/b><b>Company<\/b><b>&#8220;<\/b><b>) (HKEx: 0762) is pleased to announce today its 2025 annual results.<\/b><\/p>\n<p>In 2025, China Unicom adhered to the keynote of &#8220;Preserve and Innovate, Steady and Far-Reaching&#8221;, making solid strides in high-quality development. Service revenue reached RMB 347.7 billion. Net profit was RMB 20.8 billion. Return on equity<sup>[4]<\/sup> (ROE) reached 5.7%. Free cash flow reached RMB 36.0 billion, representing a year-on-year increase of 28.5%. Corporate governance continued to improve, and the Company was named &#8220;Most Honoured Telecommunications Company&#8221; by <i>Extel<\/i> (formerly <i>Institutional Investor<\/i>) for ten consecutive years. While achieving growth in operating results, the Company attaches great importance to shareholder returns. The Board of Directors proposed a final dividend of RMB 0.1329\u00a0per share (pre-tax). Together with the interim dividend already paid, the total dividend for the full year of 2025 reached RMB 0.417\u00a0per share (pre-tax), representing an increase of 3.1% year-on-year, with the dividend payout ratio increasing to 61.3%.<\/p>\n<p>Seizing opportunities from the new round of technological and industrial innovation, the Company implemented &#8220;AI+&#8221; initiatives. Revenue contribution from strategic emerging industries reached over 86%. The computing power business revenue ratio<sup>[5]<\/sup> reached\u00a015.4%, representing an increase of 1.1 percentage points over the previous year. International business revenue recorded a year-on-year increase of over 9%. By deepening co-build co-share and building an ultra-lean network, over RMB 1.3 billion in operating costs were saved annually. Investment efficiency was enhanced, with annual CAPEX amounting to RMB 54.2 billion. CAPEX to service revenue ratio fell to 16%. Looking ahead to 2026, CAPEX is expected to be approximately RMB 50 billion, of which investment in computing power will account for more than 35%.<\/p>\n<p><b>Total connectivity subscriber scale exceeded 1.2 billion<\/b><\/p>\n<p>The Company is committed to improving the breadth and depth of its network coverage. Thanks to the implementation of special initiatives such as &#8220;Signal Upgrade&#8221; and the deepening of co-build co-share, the Company&#8217;s mobile network population coverage rate exceeded 99%, and 5G-A base stations were deployed in more than 330 cities. The Company promoted the capacity expansion of gigabit broadband and the upgrade of 10-gigabit broadband, and launched pre-commercial trial of 10-gigabit optical fibre networks in more than 100 cities. It made deployments in frontier fields such as 6G and quantum communications, and launched\u00a0quantum-secure leased lines.<\/p>\n<p>The Company actively expanded connectivity scenarios. Its total connectivity subscriber scale<sup>[6]<\/sup> exceeded 1.2 billion, representing an increase of 110 million over the previous year. Among these, the net addition of mobile and broadband subscribers exceeded 20 million. The penetration rate of integrated subscribers exceeded 78% with their\u00a0ARPU remaining at above RMB 100. The number of IoT connections exceeded 700 million, and the Company consolidated its leading advantage in the Internet of Vehicles (IoV) market. After obtaining the operating permit for satellite mobile communication services, the Company actively promoted the scale development of satellite direct-to-device applications.<\/p>\n<p><b>AI revenue<sup><b>[7]<\/b><\/sup> increased by 147% year-on-year<\/b><\/p>\n<p>The Company is committed to providing faster and more precise computing power services, strengthening its resource buildout at the &#8220;Eastern Data, Western Computing&#8221; hub nodes and in green computing-power coordination demonstration provinces. The number of standard cabinets<sup>[8]<\/sup> exceeded 1.10 million, seven 100MW-grade AIDC campuses have been built, and the scale of intelligent computing reached 45 EFLOPS. The Company accelerated the construction of the new &#8220;Eight Vertical and Eight Horizontal&#8221; backbone optical fibre cable network, adding more than 9,000 kilometres to achieve the interconnection of computing power hub nodes. Data centre revenue was RMB 28.1 billion, up by\u00a08.5% year-on-year.<\/p>\n<p>Unicom Cloud is accelerating its evolution towards AI Cloud. The Company\u00a0deepened\u00a0hyperscale intelligent cloud-native implementations, enhanced its centralised\u00a0orchestration and allocation\u00a0capabilities, and built\u00a0a new computing power business model of &#8220;applications\u00a0+ models\u00a0+ resources&#8221;. It supported\u00a0the construction of government clouds for over 180 provinces and municipalities as well as the digital and intelligent transformation of nearly 400,000 corporate customers. Unicom Cloud revenue<sup>[9]<\/sup> increased by 5.2% year-on-year. The Company established national pilot bases for AI application and launched the UniAI Wanxiang data engineering platform, the UniAI MaaS platform, and the UniAI Wanwu intelligent agent platform. With these platforms, it\u00a0formed over 400 TB of high-quality datasets, offered\u00a0over 140 mainstream\u00a0models, and gathered more than 10,000 developers to help customers rapidly build intelligent agent applications. AI revenue increased by 147% year-on-year.<\/p>\n<p><b>Cloud<\/b><b>-AI<\/b><b>\u00a0products serve<\/b><b>d<\/b><b>\u00a0more than 300 million users<\/b><\/p>\n<p>The Company is committed to promoting the integrated innovation of digital technologies such as 5G and AI to create differentiated products. In the consumer market, by creating the smart home hub &#8220;UniBOX Tongtong&#8221;, the Company continuously enhanced the new experience of digital smart living. Its Cloud-AI\u00a0products served\u00a0more than 300 million users, with revenue increasing by over 11% year-on-year. In the government and enterprise market, the Company deeply\u00a0supported\u00a0the construction of new industrialisation and digital government. It upgraded its\u00a0&#8220;5G\u00a0+ Industrial Internet&#8221; product system, and its\u00a0Gewu Industrial Internet Platform was consecutively named\u00a0as a national Class-A cross-industry and cross-domain platform. It strengthened\u00a0integrated IoV\u00a0operation, serving more than 95 million vehicles. In the field of digital government, it iterated\u00a0key products such as economic development\u00a0platform, AI call centre (AICC), and &#8220;Labour\u00a0Connect&#8221;\u00a0smart governance platform to help enhance\u00a0the government&#8217;s\u00a0economic regulation, administrative services, and labour\u00a0governance.<\/p>\n<p><b>T<\/b><b>he first and the only enterprise in China to pass the highest-level DSMM <\/b><b>accreditation<\/b><\/p>\n<p>The Company is committed to building a more robust\u00a0and stronger security system. It promoted\u00a0AI-powered security as well as\u00a0the security of AI, achieving\u00a0deep integration of artificial intelligence and data security. It was\u00a0the first and the only enterprise to pass the highest-level accreditation\u00a0of the national Data Security Maturity Model (DSMM). It\u00a0built a network security product system around its\u00a0&#8220;Mogong&#8221; security operation service platform, providing customised solutions and creating a growth driver for its security business. It also\u00a0launched the Unicom Security Guardian product, serving 210 million users.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[1]<\/sup> Profit attributable to equity shareholders of the Company<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[2]<\/sup> Free cash flow represents operating cash flow less capital expenditure. However, it is a non-GAAP financial measure which does not have a standardised meaning and therefore may not be comparable to similar measures presented by other companies.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[3]<\/sup> The proposed 2025\u00a0final dividend is subject to approval at the annual general meeting of the Company.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[4]<\/sup> Return on equity = Profit attributable to equity shareholders of the Company during the period\/Average balance of equity attributable to equity shareholders of the Company at the beginning and end of the period.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[5]<\/sup> Computing power business revenue = computing service revenue + data centre revenue. Computing power business revenue\u00a0ratio = computing power business revenue \/ service revenue.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[6]<\/sup> Total connectivity subscriber scale = aggregate number of mobile billing subscribers + aggregate number of fixed-line broadband subscribers + aggregate number of fixed-line local access subscribers + aggregate number of Internet-of-things terminal connections + aggregate number of networking leased line subscribers.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[7] <\/sup>AI revenue mainly includes revenue from intelligent computing services, model and agent applications, data services and related businesses.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[8]<\/sup> Number of standard cabinets is calculated based on 2.5\u202fkW per cabinet.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[9]<\/sup> Unicom Cloud revenue includes\u00a0revenue from cloud IDC, cloud resources, cloud platform, cloud service, cloud integration, cloud interconnection, cloud security, etc. generated from integrated innovative solutions.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Certain statements contained in this press release may be viewed as\u00a0<\/i><i>&#8220;<\/i><i>forward-looking statements<\/i><i>&#8220;<\/i><i>. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. In addition, the Company does not intend to update these forward-looking statements. Neither the Company nor the directors, employees or agents of the Company assume any liabilities in the event that any of the forward-looking statements does not materialise or turns out to be incorrect.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-51730","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/51730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51730"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/51730\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}