Gelonghui, April 19 | China Unicom (00762.HK) announced that in the first quarter of 2024, China Unicom will adhere to high-quality development, focus on the current and long-term responsibilities of the network power and digital China, strengthen scale and value, and promote the coordinated development of the two main businesses of networked communications and digital intelligence. Operating revenue grew steadily, profit levels increased rapidly, user scale continued to expand, and the network infrastructure continued to consolidate. Reform and innovation reached a new level, laying a good foundation for achieving annual performance growth.

The Group's revenue reached RMB 99.496 billion, up 2.3% year on year, and service revenue reached RMB 89.043 billion, up 3.4% year on year. Among them, the network ICT business achieved revenue of RMB 62.304 billion; the network digital intelligence business achieved revenue of RMB 23.215 billion, accounting for an increase of 26.1% of service revenue, and the revenue structure was continuously optimized. Profit before tax reached RMB 7.239 billion, up 10.6% year on year, maintaining a double-digit growth rate. Profit attributable to the company's equity holders reached RMB 5.613 billion, an increase of 8.9% over the previous year.

Networked communication services accelerate scale expansion and value increase. The number of mobile users reached 337 million, including 269 million 5G package users, and the 5G package penetration rate increased to 80%. The number of IoT connections reached 529 million, a net increase of 34.6 million; fixed broadband users reached 115 million, including a net increase of 2.11 million gigabit users, and the gigabit broadband penetration rate increased to 23%, and the user structure improved markedly.

The digital intelligence business of the computing network accelerates development and transformation and model transformation. Focusing on leveraging the integrated differentiation capabilities of the computing network, Unicom Cloud's revenue reached RMB 16.7 billion, an increase of 30.3%; focused on consolidating the digital intelligence base, with data center revenue reaching RMB 6.6 billion, an increase of 4.1% over the previous year; focusing on empowering the deep integration of the digital economy and the real economy, and the cumulative number of virtual private network service customers in the 5G industry reached 10,030; and focusing on the collaborative advantages of cloud networks and data resources, Netcom security revenue grew rapidly by 70%.

Accelerate the construction of digital information infrastructure, and continuously consolidate and consolidate the foundation and foundation for the long-term development of enterprises. Implementing the high-quality development of 5G, 5G intermediate frequency base stations reached 1.27 million stations, and the level of network coverage continued to improve. Focus on building a green, intensive, safe and reliable computing power infrastructure, deploying the “1+N+X” overall intelligent computing planning layout, and promoting the transformation and upgrading of intelligent computing power requirements. Actively lay out emerging industries such as artificial intelligence, low-altitude economy, and digital intelligence applications, increase scientific and technological innovation and core technology research, continue to strengthen the scientific and technological innovation engine, focus on promoting industrial innovation through scientific and technological innovation, and accelerate the development of new quality productivity. The number of authorized patents reached 362 in the first quarter, a steady increase over the previous year.

In 2024, China Unicom will adhere to steady progress, thoroughly implement strong technology enterprises, strong talent enterprises, strong digital intelligence enterprises and strong brand enterprises, thoroughly implement key action plans such as networked communication development, integrated computing and network development, international development, big data innovation, artificial intelligence innovation, new digital infrastructure, high-quality services and Internet communication security, and strive to achieve the performance goals of steady annual revenue growth and double-digit profit growth, and accelerate the construction of world-class technology service enterprises with global competitiveness to create greater value for shareholders, customers and society.