China Unicom (Hong Kong) Limited (HKG: 0762)

China Unicom (Hong Kong) Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	381,027	372,597	354,944	327,854	303,838	290,515
Revenue Growth (YoY)	2.25%	4.97%	8.26%	7.90%	4.59%	-0.12%
Cost of Revenue	161,390	161,199	154,798	148,365	133,920	126,467
Gross Profit	219,637	211,398	200,146	179,489	169,918	164,048
Selling, General & Admin	18,990	12,327	11,731	9,863	9,460	9,012
Other Operating Expenses	98,078	98,078	87,364	69,557	63,954	58,499
Operating Expenses	201,670	195,252	185,924	165,072	156,431	150,591
Operating Income	17,967	16,146	14,222	14,417	13,487	13,457
Interest Expense	-1,910	-1,981	-1,060	-1,303	-1,612	-2,016
Interest & Investment Income	2,565	2,688	2,334	2,244	1,750	1,477
Earnings From Equity Investments	4,271	4,322	3,746	3,310	2,375	2,005
Currency Exchange Gain (Loss)	55	55	15	-8	-46	-39
Other Non Operating Income (Expenses)	3,227	2,768	3,117	3,040	2,197	1,342
EBT Excluding Unusual Items	26,175	23,998	22,374	21,700	18,151	16,226
Gain (Loss) on Sale of Investments	128	128	96	-24	241	120
Gain (Loss) on Sale of Assets	-1,181	-1,181	-1,882	-3,749	-2,365	-2,179
Pretax Income	25,122	22,945	20,588	17,927	16,027	14,167
Income Tax Expense	4,496	4,023	3,751	3,420	3,450	2,795
Earnings From Continuing Operations	20,626	18,922	16,837	14,507	12,577	11,372
Minority Interest in Earnings	-116	-196	-92	-139	-84	-42
Net Income	20,510	18,726	16,745	14,368	12,493	11,330
Net Income to Common	20,510	18,726	16,745	14,368	12,493	11,330
Net Income Growth	11.93%	11.83%	16.54%	15.01%	10.26%	11.11%
Shares Outstanding (Basic)	30,598	30,598	30,598	30,598	30,598	30,598
Shares Outstanding (Diluted)	30,598	30,598	30,598	30,598	30,598	30,598
EPS (Basic)	0.67	0.61	0.55	0.47	0.41	0.37
EPS (Diluted)	0.67	0.61	0.55	0.47	0.41	0.37
EPS Growth	-	11.88%	16.49%	15.01%	10.35%	11.11%
Free Cash Flow	-	23,016	28,067	38,589	46,895	37,491
Free Cash Flow Per Share	-	0.75	0.92	1.26	1.53	1.23
Dividend Per Share	0.382	0.337	0.274	0.216	0.164	0.148
Dividend Growth	22.34%	22.85%	26.85%	31.71%	10.81%	10.45%
Gross Margin	57.64%	56.74%	56.39%	54.75%	55.92%	56.47%
Operating Margin	4.72%	4.33%	4.01%	4.40%	4.44%	4.63%
Profit Margin	5.38%	5.03%	4.72%	4.38%	4.11%	3.90%
Free Cash Flow Margin	-	6.18%	7.91%	11.77%	15.43%	12.91%
EBITDA	84,604	84,122	83,984	83,852	79,596	81,609
EBITDA Margin	22.20%	22.58%	23.66%	25.58%	26.20%	28.09%
D&A For EBITDA	66,637	67,976	69,762	69,435	66,109	68,152
EBIT	17,967	16,146	14,222	14,417	13,487	13,457
EBIT Margin	4.72%	4.33%	4.01%	4.40%	4.44%	4.63%
Effective Tax Rate	17.90%	17.53%	18.22%	19.08%	21.53%	19.73%
Advertising Expenses	-	2,130	2,717	2,682	2,723	2,563

Source: S&P Capital IQ. Standard template. Financial Sources.