China Unicom (Hong Kong) Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	391,693	392,223	389,589	372,597	354,944	327,854
Revenue Growth (YoY)	-0.45%	0.68%	4.56%	4.97%	8.26%	7.90%
Cost of Revenue	188,088	175,760	172,436	161,199	154,798	148,365
Gross Profit	203,605	216,463	217,153	211,398	200,146	179,489
Selling, General & Admin	-1,141	12,623	13,296	12,327	11,731	9,863
Other Operating Expenses	107,052	107,112	107,259	98,078	87,364	69,557
Operating Expenses	186,595	200,566	203,947	195,252	185,924	165,072
Operating Income	17,010	15,897	13,206	16,146	14,222	14,417
Interest Expense	-1,122	-1,311	-1,740	-1,981	-1,060	-1,303
Interest & Investment Income	1,685	2,143	2,522	2,688	2,334	2,244
Earnings From Equity Investments	4,222	4,155	4,073	4,322	3,746	3,310
Currency Exchange Gain (Loss)	-	66	-26	55	15	-8
Other Non Operating Income (Expenses)	2,173	1,749	4,375	2,882	3,117	3,040
EBT Excluding Unusual Items	23,968	22,699	22,410	24,112	22,374	21,700
Gain (Loss) on Sale of Investments	-	60	17	14	96	-24
Gain (Loss) on Sale of Assets	-	2,694	2,827	-1,181	-1,882	-3,749
Pretax Income	23,968	25,453	25,254	22,945	20,588	17,927
Income Tax Expense	4,088	4,543	4,521	4,023	3,751	3,420
Earnings From Continuing Operations	19,880	20,910	20,733	18,922	16,837	14,507
Minority Interest in Earnings	-108	-94	-120	-196	-92	-139
Net Income	19,772	20,816	20,613	18,726	16,745	14,368
Net Income to Common	19,772	20,816	20,613	18,726	16,745	14,368
Net Income Growth	-5.53%	0.98%	10.08%	11.83%	16.54%	15.01%
Shares Outstanding (Basic)	-	30,598	30,598	30,598	30,598	30,598
Shares Outstanding (Diluted)	-	30,598	30,598	30,598	30,598	30,598
EPS (Basic)	-	0.68	0.67	0.61	0.55	0.47
EPS (Diluted)	-	0.68	0.67	0.61	0.55	0.47
EPS Growth	-	0.94%	10.08%	11.88%	16.49%	15.01%
Free Cash Flow	-	22,534	13,662	23,016	28,067	38,589
Free Cash Flow Per Share	-	0.74	0.45	0.75	0.92	1.26
Dividend Per Share	-	0.417	0.404	0.337	0.274	0.216
Dividend Growth	-	3.14%	20.11%	22.85%	26.85%	31.71%
Gross Margin	51.98%	55.19%	55.74%	56.74%	56.39%	54.75%
Operating Margin	4.34%	4.05%	3.39%	4.33%	4.01%	4.40%
Profit Margin	5.05%	5.31%	5.29%	5.03%	4.72%	4.38%
Free Cash Flow Margin	-	5.75%	3.51%	6.18%	7.91%	11.77%
EBITDA	86,781	80,522	79,494	84,122	83,984	83,852
EBITDA Margin	22.16%	20.53%	20.40%	22.58%	23.66%	25.58%
D&A For EBITDA	69,771	64,625	66,288	67,976	69,762	69,435
EBIT	17,010	15,897	13,206	16,146	14,222	14,417
EBIT Margin	4.34%	4.05%	3.39%	4.33%	4.01%	4.40%
Effective Tax Rate	17.06%	17.85%	17.90%	17.53%	18.22%	19.08%
Advertising Expenses	-	1,952	2,069	2,130	2,717	2,682

Source: S&P Global Market Intelligence. Standard template. Financial Sources.