CHINA UNICOM(00762)2024-04-19 09:03Financial Performance - In Q1 2024, China Unicom reported operating revenue of RMB 99.496 billion, a year-on-year increase of 2.3%[1] - Service revenue reached RMB 89.043 billion, growing by 3.4% compared to the previous year[2] - Pre-tax profit was RMB 7.239 billion, reflecting a year-on-year growth of 10.6%[3] - Profit attributable to equity holders amounted to RMB 5.613 billion, an increase of 8.9% year-on-year[3] - The company aims for steady revenue growth and double-digit profit growth for the full year 2024[4] User and Connection Metrics - The number of mobile users reached 337 million, with 5G package users at 269 million, resulting in a penetration rate of 80%[3] - Internet of Things (IoT) connections totaled 529 million, with a net increase of 34.6 million[3] Cloud Business - Revenue from the cloud business (Unicom Cloud) was RMB 16.7 billion, marking a 30.3% year-on-year increase[3] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 664.787 billion, while total liabilities were RMB 304.902 billion[2] Technological Innovation - The company authorized 362 patents in Q1 2024, indicating a steady increase in technological innovation[3]