China United Network Communications (600050) Q3 2025 earnings summary

Executive summary

• Achieved operating revenue of RMB 92.78 billion in Q3 2025, flat year-over-year; YTD revenue reached RMB 292.99 billion, up 1.0% year-over-year.

• Net profit attributable to shareholders was RMB 2.42 billion in Q3, up 5.4% year-over-year; YTD net profit reached RMB 8.77 billion, up 5.2% year-over-year.

• Non-recurring items contributed RMB 380 million in Q3 and RMB 1.15 billion YTD.

• Mobile users reached 356 million, net increase of 12.48 million; broadband users at 129 million, net increase of 6.79 million; IoT connections exceeded 700 million.

• Unicom Cloud revenue reached RMB 52.9 billion; data center revenue RMB 21.4 billion, up 8.9% year-over-year.

Financial highlights

• Q3 operating revenue: RMB 92.78 billion (flat year-over-year); YTD: RMB 292.99 billion (+1.0%).

• Q3 net profit attributable to shareholders: RMB 2.42 billion (+5.4%); YTD: RMB 8.77 billion (+5.2%).

• Q3 basic/diluted EPS: RMB 0.078 (+5.4%); YTD: RMB 0.281 (+5.2%).

• Q3 net cash from operating activities: RMB 58.36 billion YTD (+0.2% year-over-year).

• Total assets at period end: RMB 671.35 billion; shareholders’ equity: RMB 171.93 billion.

Outlook and guidance

• Will continue to implement integrated innovation strategy, deepen network, digital intelligence, and digital-real economy integration, and advance network, technology, and service upgrades.