China United Network Communications (600050) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 102.8 billion, down 0.5% year-over-year; net profit attributable to shareholders was RMB 2.14 billion, down 18.0% year-over-year.

• Total assets at quarter-end were RMB 670.2 billion, with shareholders' equity at RMB 170.7 billion.

• The company focused on four core areas: connectivity, computing power, services, and security, with notable growth in user base and digital services.

Financial highlights

• Operating income decreased 0.5% year-over-year; total profit fell 19.8% year-over-year.

• Net cash flow from operating activities was RMB 7.54 billion, down 3.9% year-over-year.

• Basic and diluted EPS were RMB 0.068, down 18.1% year-over-year.

• Non-recurring gains totaled RMB 334 million, mainly from asset disposals.

Outlook and guidance

• The company will continue to focus on high-quality growth in connectivity, computing, services, and security, aiming to create greater value for shareholders and society.