Hong Kong · Delayed Price · Currency is HKD China Unicom (Hong Kong) Earnings Call Transcripts
Fiscal Year 2025
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Revenue reached CNY 392.2 billion in 2025, with profit at CNY 25.5 billion and free cash flow up 28.5% year-on-year. Strategic emerging industries drove growth, while CapEx is set to decrease in 2026. Dividend per share rose 3.1% to CNY 0.417.
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Revenue grew 1.5% year-on-year to over RMB 200 billion, with profit up 5.2% and strong expansion in cloud, 5G, and international business. CapEx fell 15%, R&D rose 16%, and an increased interim dividend was proposed.
Fiscal Year 2024
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Revenue rose 4.6% year-over-year to RMB 389.6 billion, with net profit up 10.1% and strong growth in cloud, data center, and international business. Dividend payout increased, CapEx reduced, and major investments in AI and digital infrastructure are planned for 2025.
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Operating revenue rose 2.9% to CNY 197.3B and net profit grew 10.4% to CNY 16.9B in H1 2024, driven by strong growth in cloud, data, and cybersecurity segments. Mobile and IoT subscribers hit new highs, and the company increased its dividend payout.