Summary by Moomoo AI
China Unicom announced on 19 April 2024, unaudited key financial and operating data for the first quarter of 2024, showing solid growth in the company's operating income and profit levels on average. Operating income for the quarter reached RMB994.96 billion, up 2.3% year-on-year; service revenue reached RMB890.43 billion, up 3.4% year-on-year. Profit before tax and the Company's equity holders accounted for $72.39 billion and $56.13 billion, respectively, increasing by 10.6% and 8.9%, respectively. The size of users continues to expand, with 2.69 million 5G plan users and 5.29 million IoT connections. The company emphasizes that these results lay a good foundation for achieving year-over-year earnings growth. The Board of Directors recalls that the above data is unaudited and should be relied upon with caution by shareholders and investors.