证券代码:600050 证券简称:中国联通 公告编号:2025-010 一、本次限制性股票回购注销的决策与信息披露 1 中国联合网络通信股份有限公司 关于第二期限制性股票激励计划部分激励对象 限制性股票回购注销实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 回购注销原因：鉴于1,028名激励对象因个人业绩原因其持有的限制性 股票未能全部解锁，以及37名激励对象因离职、辞退等原因，5名激励对象因 退休、组织调转等原因，已不属于激励范围，中国联合网络通信股份有限公司 （以下简称"公司"）对该等激励对象分别持有的1,724.46万股、488.1万股 和71.6万股已获授但尚未解除限售的限制性股票进行回购注销。 本次注销股份的有关情况： | 回购股份数量 | 注销股份数量 （股） | 注销日期 | | | | --- | --- | --- | --- | --- | | （股） | | | | | | 22,841,600 | 22,841,600 | 2025 年 3 | 月 | 18 日 | 20 ...

在本法律意见书中，除非文中另有特别说明，下列词语应具有如下含义： | 公司 | 指 | 中国联合网络通信股份有限公司 | | --- | --- | --- | | A股 | 指 | 经证监会核准向境内投资者发行、在境内证券交易所上 | | | | 市、以人民币标明股票面值、以人民币认购和进行交易的 | | | | 普通股 | | 本次激励计划 | 指 | 中国联合网络通信股份有限公司实施的第二期限制性股票 | | | | 激励计划 | | 《激励计划(草案)》 | 指 | 《中国联合网络通信股份有限公司第二期限制性股票激励 | | | | 计划(草案)》 | | 《激励计划(草案修 | 指 | 《中国联合网络通信股份有限公司第二期限制性股票激励 | | 订稿)》 | | 计划(草案修订稿)》 | | 《考核管理办法(草 | 指 | 《中国联合网络通信股份有限公司第二期限制性股票激励 | | 案)》 | | 计划授予实施考核管理办法(草案)》 | | 激励对象 | 指 | 依据本次激励计划获授限制性股票的人员 | | 《公司章程》 | 指 | 中国联合网络通信股份有限公司章程 | | 限制性股票 | 指 | ...

Core Points - The China Unicom Yangtze River Delta (Hefei) Intelligent Computing Center project has officially commenced in Hefei [1] - The first phase of the project has a total investment of approximately 300 million yuan, with a construction area of 15,600 square meters [1] - Once completed, the center will have a computing power service capacity exceeding 3,000 PetaFLOPS [1]

证券代码:600050 证券简称:中国联通 公告编号:2025-009 业绩说明环节将于 2025 年 3 月 18 日（星期二）17:00-约 17:20 进行， 问答环节将于当日约 17:20-18:30 进行，投资者可于当日 17:00-18:30 1 会议召开时间：2025 年 3 月 18 日（星期二）17:00-18:30 网络直播地址：上海证券交易所上证路演中心 （http://roadshow.sseinfo.com）、本公司网站 （http://www.chinaunicom-a.com）、中国联通 APP 和东方财富路演平 会议召开方式：网络直播（业绩说明环节）及文字互动（问答环节） 投资者可于即日起至 2025 年 3 月 14 日（星期五）16:00 前登录上海 证券交易所上证路演中心网站首页点击"提问预征集"栏目 登录上述平台观看业绩说明短视频及参观"云上展厅"。 中国联合网络通信股份有限公司 关于召开 2024 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 台 ...

请务必阅读正文最后的中国银河证券股份有限公司免责声明 | | | -20% 0% 20% 40% 60% 通信 沪深300 公司深度报告 · 通信行业 中国银河证券|CGS AI 浪潮大周期,数智云应用破局 ―― 中国联通（600050.SH）深度报告 通信首席分析师:赵良毕 通信分析师:赵中兴 研究助理：刘璐 www.chinastock.com.cn 证券研究报告 3 公司深度报告 · 通信行业 中国银河证券|CGS 目录 Catalog | 一、 联通创新与股权优化,深化改革促产业链升级 | | --- | | (一） 创新不断，推动通信服务升级变革 . | | (二) 战略投资者促多元化发展, 优化股权助市场化治理 | | 深化改革持续推进,算网产业链"链主"引领作用增强 . (三) | | 二、 夯实科技 ICT, 价值重构带来估值提振 | | (一) 运营商行业基本面稳健、电信业务总量两位数增长 | | (二) 电信周期波动促运营商求新,AI 赋能加速数字化转型… | | 5G 投资结构调整，资本开支优化助力算力新业务崛起 (三) | | (四) 提质增效重回报，价值重构有望带来估值溢价 … | ...

Investment Rating - The report assigns a positive investment rating to China Unicom, indicating a favorable outlook for the company's future performance [4]. Core Insights - The report emphasizes that China Unicom is undergoing significant transformation through innovation and strategic partnerships, enhancing its position in the telecommunications industry [9][17]. - The company is focusing on digital transformation and AI integration to drive growth in new business areas, particularly in cloud computing and data services [49][52]. - Financial projections indicate steady revenue growth and profit increases, with a forecasted revenue of 4415.89 billion yuan by 2026, reflecting a compound annual growth rate [4][24]. Summary by Sections Section 1: Innovation and Reform - China Unicom has continuously innovated since its establishment in 1994, evolving from a traditional telecom operator to a technology-driven service provider [9][10]. - The introduction of strategic investors like Tencent and Alibaba has diversified the company's ownership structure and enhanced its market governance [17]. - Ongoing reforms are strengthening China Unicom's role as a leader in the digital economy, particularly in the ICT sector [19][20]. Section 2: Technology and Value Reconstruction - The telecommunications industry is experiencing robust growth, with double-digit increases in overall telecom business volume [24]. - China Unicom's revenue from its second curve business reached 752 billion yuan in 2023, accounting for 23.5% of its main business revenue [13][24]. - The company is optimizing its capital expenditures, shifting focus from traditional network investments to emerging business areas like AI and cloud services [58][59]. Section 3: Steady Improvement and New Growth Drivers - The company is expanding its network infrastructure, with a significant increase in gigabit broadband users and 5G subscribers [38][44]. - China Unicom's digital services are gaining traction, with a notable rise in cloud service revenue, which reached 438.6 billion yuan in 2024 [55]. - The report highlights the importance of AI and digital transformation in driving future growth, with a focus on integrating these technologies into existing services [53][61]. Section 4: Profit Forecast and Investment Recommendations - The financial outlook for China Unicom shows a steady increase in both revenue and net profit, with projections indicating a net profit of 116.46 billion yuan by 2026 [4][24]. - The report suggests that the company's strategic initiatives and market positioning will likely lead to enhanced shareholder returns and overall financial performance [19][20].

证券代码:600050 证券简称:中国联通 公告编号:2025-008 中国联合网络通信股份有限公司 关于注销已回购股份的实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 注销已回购股份的原因：为深入落实《国务院关于加强监管防范风险推 动资本市场高质量发展的若干意见》（简称"新国九条"）和国务院国有资 产监督管理委员会、中国证券监督管理委员会关于"提升上市公司质量和投 资价值"方面的要求，以实际行动积极回报投资者，增强投资者信心，鉴于 中国联合网络通信股份有限公司（以下简称"公司"或"本公司"）在回购 股份存续期内未将回购专用证券账户中的股份用于实施限制性股票计划，且 回购专用证券账户股票存续时间即将期满三年，经履行董事会、股东大会的 决策程序，公司对回购专用证券账户中的股份513,314,385股全部予以注销。 本次注销已回购股份的有关情况： | 注销股份数量（股） | 注销日期 | | --- | --- | | 513,314,385 | 2025 年 3 月 10 日 | 一、本次注销已回 ...

Group 1 - The Central Commission for Discipline Inspection and the National Supervisory Commission have initiated an investigation into Cao Xingxin, former member of the Party Group and Vice General Manager of China United Network Communications Group Co., Ltd. for serious violations of discipline and law [1] - Cao Xingxin exhibited a lack of political awareness, disloyalty to the Party, and resistance to organizational scrutiny, which led to significant breaches of various disciplinary regulations [1] - The investigation revealed that Cao engaged in corrupt practices, including accepting bribes, interfering in law enforcement activities, and using his position to benefit others in project contracting and promotions, resulting in the illegal acquisition of substantial assets [1] Group 2 - Cao Xingxin's actions were found to violate multiple Party disciplines, including political, organizational, integrity, work, and lifestyle disciplines, constituting serious job-related violations and suspected bribery crimes [1] - The decision was made to expel Cao from the Party and remove him from public office, along with confiscating his illegal gains and transferring his case to the judicial authorities for prosecution [1]

Core Insights - On February 17, China Unicom made its first appearance on the Hong Kong Stock Connect active trading list in nearly a month [1] - The total trading volume of active stocks on the Hong Kong Stock Connect reached HKD 101.99 billion, accounting for 50.82% of the day's total trading amount [1] - Tencent Holdings led the trading volume with HKD 36.70 billion, followed by Alibaba-W and SMIC with HKD 20.61 billion and HKD 8.81 billion respectively [1] Trading Activity - The active stocks on February 17 included Tencent Holdings and Meituan-W, both of which appeared on the list 15 times in the past month, indicating strong interest from Hong Kong Stock Connect funds [1] - China Unicom's trading volume on that day was HKD 3.17 billion, with a net buy amount of HKD 320 million, and the stock closed up by 7.65% [1]

Group 1 - China Unicom and Huawei jointly launched the 5G-A millimeter wave innovation project at the 5G-A action plan conference [1] - The project aims to enhance mobile broadband (eMBB) and support the development of low-altitude economy through advanced network technologies [1] - The initiative provides a robust technical foundation for the development of the low-altitude economy and serves as an important reference for the continuous growth of the 5G-A communication industry [1] Group 2 - The project showcases innovative business demonstrations in areas such as 8K video broadcasting and high-low frequency collaboration [1] - It aims to deliver an exceptional network experience for audiences, athletes, and media during the Harbin Ice and Snow Festival [1] - The collaboration emphasizes the role of cutting-edge technology in driving the future of 5G-A communications [1]