中国联通(00762) - 2023 - 中期业绩

Financial Performance - The company's operating revenue reached RMB 191.8 billion, an increase of 8.8% year-on-year, with net profit attributable to equity holders reaching RMB 12.4 billion, up 13.1% year-on-year, achieving double-digit growth for seven consecutive years[1][3] - The total revenue for the six months ended June 30, 2023, was RMB 191.833 billion, up from RMB 176.261 billion in the prior year, reflecting an increase of about 8.5%[31] - The company's net profit for the first half of 2023 was RMB 12.39 billion, an increase of RMB 1.43 billion compared to the previous year[40] - The net profit for the period was RMB 12,500 million, up from RMB 10,996 million in the previous year, reflecting a growth of approximately 13.7%[20] - The pre-tax profit for the first half of 2023 was RMB 153.2 billion, marking a 14.2% increase from RMB 134.2 billion in the same period last year[54] Revenue Breakdown - The company's industrial internet revenue reached RMB 43 billion, accounting for over 25% of service revenue for the first time, becoming a key driver for revenue growth and structural optimization[1][4] - Revenue from the industrial internet business was RMB 42.97 billion, reflecting a year-on-year growth of 16.3%[43] - The revenue from the company's cloud services reached RMB 25.5 billion, a year-on-year increase of 36%, with an annual revenue target of over RMB 50 billion[1][7] - The company's IoT business revenue achieved RMB 5.4 billion, with a year-on-year growth rate of 24%[1][6] - The big data business generated RMB 2.9 billion in revenue, reflecting a 54% year-on-year increase, maintaining a market share of over 50%[1][8] User Growth - The total number of users in the company's big connection segment reached 928 million, with a net increase of over 66 million users[1][5] Dividends and Shareholder Returns - The board declared an interim dividend of RMB 0.203 per share (tax included), a 23% increase year-on-year, significantly higher than the 13% growth in basic earnings per share[1][3] - The company proposed an interim dividend of RMB 6,211 million for the first half of 2023, compared to RMB 3,335 million for the second half of 2022, indicating a significant increase[22] Assets and Liabilities - As of June 30, 2023, total assets amounted to RMB 659,329 million, an increase from RMB 642,663 million as of December 31, 2022, representing a growth of approximately 2.6%[21] - Total liabilities decreased from RMB 305,680 million as of December 31, 2022, to RMB 299,127 million as of June 30, 2023, showing a reduction of approximately 2.1%[23] - The company's asset-liability ratio stood at 46.4% as of June 30, 2023[40] Research and Development - The company achieved a research and development intensity of 2.94%, leading the industry, and the number of authorized patents increased by 70% to 1,326[13] Operational Efficiency - The cash flow from operating activities was RMB 38.29 billion, while capital expenditures amounted to RMB 27.59 billion[40] - The average latency of the backbone network remains industry-leading, supporting the company's competitive edge in network services[12] Market Position and Awards - The company has received multiple awards, including being ranked 267th in the 2023 Fortune Global 500 and 277th in the Forbes Global 2000[15] Sustainability Initiatives - The company is committed to green development, with new data centers aiming for a Power Usage Effectiveness (PUE) of less than 1.3[15] Future Outlook - The company aims for double-digit growth in net profit and continuous improvement in return on equity (ROE) for the upcoming year[16]