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.
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
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H1 service revenue rose 7.5% and net profit 21%, supported by mobile, cloud and industry internet growth. Management forecast H2 profit growth broadly in line with H1 and set full-year CapEx at CNY 70 billion.