China Unicom Annual Report: Ten billion profits under the revenue ceiling, new business is growing rapidly

China Unicom Annual Report: Ten billion profits under the revenue ceiling, new business is growing rapidly
Sauna Night News (reporter promised) On March 23, China Unicom’s Hong Kong-listed company released the company’s 2019 annual results announcement on the Hong Kong Stock Exchange.The announcement shows that under the influence of the complex internal and external development environment, the company’s revenue growth continues to face pressure, with long-term service revenue of 264.4 billion US dollars, while only increasing by 0.3%.Thanks to good cost control, the profit attributable to equity holders of the company reached US $ 11.3 billion, a 10-year increase of 11.1%.In terms of new business, industrial Internet business revenue increased by 43%, among which cloud computing, Internet of Things and other businesses recorded more than two-digit growth.China Unicom’s explanation for the weak revenue growth is that since 2019, the development of the domestic communications industry has entered a period of pain, the revenue growth is weak, and the industry value is under pressure.However, since the second half of the year, the company “actively adjusted its business strategy, strengthened self-discipline, insisted on rational and standardized competition, worked hard to promote the transformation of business models and the improvement of development quality, accelerated the layout of innovative business capabilities and scale expansion, and gradually led to a steady recovery in overall service revenue.”The company’s financial position is on the reported scale. The company’s capital expenditures amounted to USD 56.4 billion, and free cash flow remained strong, reaching RMB 26.4 billion.As of the end of 2019, the company’s assets and debts re-39.3%, down by 2 every year.With 5 assets, the financial situation is more stable.In terms of joint construction and sharing with China Telecom’s 5G, China Unicom has replicated that the two parties have gradually opened up 50,000 shared 5G base stations, saving a total investment cost of about RMB 10 billion.The company can use more than 60,000 5G base stations, supporting the initial advancement of 5G services from trials to commercial use.In the future, the company will actively utilize the advantages of co-construction and sharing, and take full account of technological progress, industry chain maturity, and market and business needs. Steady, accurate, and dynamic investment in 5G network construction, with minimal investment and operating cost savingsTo achieve 5G network quality is basically equivalent to the commitment to operators.In terms of new business, China Unicom’s Internet revenues in several industries have shown higher growth.In 2019, cloud computing revenue will reach RMB 23.6% 10%, an annual increase of 147%.In terms of big data, revenue will reach RMB 12 in 2019.3 Ten percent, an annual increase of 103%.In terms of the Internet of Things, the company continues to strengthen the overall service capabilities of the Internet of Things with the platform as the core, build universal enabling capabilities and industry application products, and build end-to-end service capabilities through a self-research + cooperation model. The number of connections is close to 1.900 million, and revenue will reach RMB 30 in 2019.400 million, an annual increase of 46%.In terms of IT services, the company focused on vertical empowerment in key areas, comprehensively enhanced its independent core capabilities, and focused on key markets. In 2019, its revenue reached RMB 10 billion, a year-on-year increase of 78%.Sauna, Yewang promised editor Yue Caizhou proofreading Li Shihui