FAQs

China Unicom comprehensively promoted integrated innovation, cultivated and strengthened new quality productivity. The Company maintained a good momentum in business development, and achieved a more stable foundation, stronger momentum, and better quality for high-quality development. In the first three quarters of 2025, the Company’s operating revenue reached RMB 293.0 billion, representing a year-on-year increase of 1.0%. Profit before income tax reached RMB 24.7 billion, and profit attributable to equity shareholders of the Company reached RMB 20.0 billion, representing a year-on-year increase of 5.1%.

In the first three quarters of 2025, the Company’s Connectivity and Communications (CC) business made steady progress. The Company’s connectivity scale continued to expand, with the number of mobile subscribers reaching 356 million, representing a net addition of 12.48 million. The number of fixed-line broadband subscribers reached 129 million, representing a net addition of 6.79 million. The net increase in mobile and broadband subscribers reached a new high for the same period in recent years. The number of Internet of Things (IoT) connections exceeded 700 million. The Company continued to deepen integrated development, and added new business elements to expand the scale and value of its subscribers. The ARPU of integrated package subscribers remained above RMB 100.

In the first three quarters of 2025, the Company’s Computing and Digital Smart Applications (CDSA) business delivered enhanced quality. The computing power business achieved a breakthrough in scale, and Unicom Cloud revenue reached RMB 52.9 billion. The intelligent upgrade of data centres yielded significant results, with data centre revenue reaching RMB 21.4 billion, up by 8.9% year-on-year. The Company continued to deepen the integration between data and AI, and between digital and real economies by promoting the deep integration of 5G, AI, and industrial Internet, empowering the comprehensive upgrade of various industries, with the total number of customers served by virtual 5G industry private networks exceeding 20,000.

In the first three quarters of 2025, the Company drove higher quality and efficiency in network investment. Adhering to high-standard construction and high-efficiency operations, the Company comprehensively deepened co-build co-share and co-maintain co-optimise, thereby achieving a significant enhancement in network capabilities. It promoted the upgrade of mobile networks from 5G to 5G-A and broadband networks from gigabit to 10-gigabit, achieving a significant improvement in user experience. It increased the innovative supply of computing power networks, and total intelligent computing capacity exceeded 35 EFLOPS.

The Company’s technological innovation continuously strengthened in the first three quarters of 2025. Focusing on key technologies such as next-generation Internet, Big Data, artificial intelligence, and cybersecurity, the Company strengthened its frontier deployment in 6G, low-altitude intelligent networks, satellite Internet, humanoid AI, and quantum technology. It was granted a satellite mobile communication business operating license by the Ministry of Industry and Information Technology. It increased investment, with R&D expenses growing by 5.9% year-on-year, leading to more landmark achievements.

The Company always placed great importance on shareholder returns. While achieving steady growth in operating results, we are committed to sharing the fruits of development with shareholders. In 2025, the Company will continue to distribute an interim dividend. The Board of Directors has resolved to distribute an interim dividend of RMB0.2841 per share (before tax), representing a year-on-year increase of 14.5%. In the future, we will better coordinate current operations and long-term development, actively bringing better returns to shareholders.

The objective of the dividend policy of the Company is to achieve a long-term, sustainable and steadily increasing dividend, with a view to maximising the shareholders’ value. The declaration and payment of future dividends will depend upon, among other things, financial condition, business prospects, future earnings, cash flow, liquidity level and cost of capital. The Company believes such policy will provide the shareholders with a stable return in the long term along with the growth of the Company. Pursuant to the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and the Company’s articles of association, the Company may only pay dividends out of profits available for distribution.

2025 is a pivotal year for artificial intelligence, marking its transition from theory to practice, and a crucial juncture for the large-scale implementation of its applications to yield tangible results. We are confident in achieving full-year targets with high quality and ensuring a sound conclusion of the “14th Five Year Plan”. The Company will continue to implement the integrated innovation strategy, continuously deepen the “three integrations” between computing power and network, between data and AI, and between digital and real economies, continuously advance “the three innovations” of network, technology, and service, and continuously enhance its management, operation, and service levels, striving to create greater value for shareholders, customers, and the society, with expected CAPEX of around RMB55 billion.