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China Unicom (762) investor relations material
China Unicom Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused on connectivity, computing power, services and security while accelerating transformation toward integrated digital and intelligent services.
First 9M 2026 operating revenue rose 0.6% YoY to RMB 294.6bn; profit attributable to equity shareholders fell 33.6% to RMB 13.3bn.
Financial highlights
Service revenue was RMB 260.9bn vs RMB 261.6bn in 9M 2025; telecommunications product sales were RMB 33.8bn vs RMB 31.3bn.
Profit before income tax was RMB 16.2bn vs RMB 24.7bn; profit for the period was RMB 13.3bn vs RMB 20.0bn.
Employee benefit expenses rose to RMB 50.8bn from RMB 42.7bn; depreciation and amortisation declined to RMB 59.8bn from RMB 60.5bn.
Outlook and guidance
Positioned technological innovation as a core development priority amid AI's transition from technology to an industry growth driver; aims to create value for shareholders, customers and society.
Forward-looking statements are subject to known and unknown risks and actual performance may differ materially; no intention to update these statements.
- Revenue and profit rose as cloud and digital businesses accelerated; 2024 profit growth target is double-digit.762
H2 2023 - Profit rose 21% as 5G and digital businesses grew; FY CapEx was set at CNY 70 billion.762
H1 2021 - Net profit fell 34.6% on stable revenue as VAT and cost timing pressured margins.762
H1 2026 - 2025 revenue reached RMB392.2B, profit RMB25.5B, and dividend per share rose 3.1%.762
H2 2025 - Revenue and profit rose, dividend increased, and digital business expansion accelerated.762
H1 2025 - Net profit up 11.3% to RMB13.8B, with strong cloud and digital growth, and higher dividend.762
H1 2024 - Profit up 10.1% on 4.6% revenue growth, 60% dividend payout, and strong cloud gains.762
H2 2024
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