China United Network Communications (600050) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached RMB 200.2 billion, up 1.5% year-over-year; net profit attributable to shareholders was RMB 6.35 billion, up 5.1% year-over-year.

• The company maintained industry-leading growth, with stable performance in connectivity and accelerated growth in digital intelligence and cloud businesses.

• Proposed interim cash dividend of RMB 0.1112 per share, totaling approximately RMB 3.477 billion.

Financial highlights

• Operating income: RMB 200.2 billion, up 1.5% year-over-year.

• Net profit attributable to shareholders: RMB 6.35 billion, up 5.1% year-over-year.

• Total profit: RMB 17.7 billion, up 5.2% year-over-year.

• Net assets attributable to shareholders: RMB 169.52 billion, up 2.8% from year-end 2024.

• Basic and diluted EPS: RMB 0.203, up 5.2% year-over-year.

• Cash flow from operating activities: RMB 29.3 billion, down 2.8% year-over-year.

• Adjusted net profit (excluding non-recurring items): RMB 5.58 billion, up 10.3% year-over-year.

Outlook and guidance

• The company expects to maintain high-quality growth and complete its annual targets, with planned fixed asset investment of around RMB 55 billion for the year.

• Focus remains on integrated innovation, digital intelligence, and network upgrades, aiming to create greater value for shareholders and society.