Summary by Moomoo AI
China United Network Communications (Hong Kong) Co., Ltd. (China Unicom) released preliminary financial data for 2023 on March 4, 2024, showing solid growth in both operating income and profit. Operating revenue in 2023 was about RMB3,726 billion, up 5% year-on-year, and service revenue was about RMB3,352 billion, up 5% year-on-year. The company's equity holders recorded a profit of approximately RMB187 billion, up 11.8% year-on-year, achieving double-digit growth for seven consecutive years. Total assets and equity attributable to equity holders reached RMB6,610 billion and $3,515 billion, respectively, an increase of 2.9% year-on-year. THE COMPANY EMPHASIZES THAT IT WILL CONTINUE TO PROMOTE HIGH-QUALITY DEVELOPMENT AND THE STRATEGY OF “INCREASE EFFICIENCY AND RETURN” TO STRENGTHEN CORE COMPETITIVENESS AND CREATE GREATER VALUE FOR SHAREHOLDERS, CUSTOMERS AND SOCIETY. The Board of Directors recalls that the above financial data are preliminary and unaudited and specific data will be disclosed in the Annual Results Announcement published in March 2024.