China Unicom Net Profit Down 94.1%

China Unicom’s operating revenue was CNY274.2 billion in 2016, a year-on-year decrease of 1%; and its net profit was CNY630 million, a year-on-year decrease of 94.1%.

China Unicom’s mobile business services realized revenue of CNY145.02 billion, a year-on-year increase of 1.7%; its fixed-line business services realized revenue of CNY94.66 billion, a year-on-year increase of 3.7%; its broadband access revenue was CNY43.87 billion, which was at the same level as that in 2015; and its IDC and cloud computing business revenue was CNY9.45 billion, a year-on-year increase of 33.7%.

In 2016, China Unicom’s total capital expenditure was CNY72.11 billion, which was mainly spent on the construction of mobile networks, broadband and data services, and infrastructure and transmission networks. The company invested CNY27.74 billion in mobile networks, CNY16.84 billion in broadband and data businesses, and CNY19.71 billion in infrastructure and transmission networks.

By the end of 2016, China Unicom’s total assets reached CNY614.15 billion; its total debts changed to CNY386.47 billion; and its asset-liability ratio changed to 62.9%. Meanwhile, the company’s free cash flow was CNY2.48 billion.

China Unicom’s mobile users saw a net increase of 11.51 million to a total of 263.82 million during the reporting period. Its 4G users saw a net increase of 60.4 million to a total of 104.55 million. The number of its 4G base stations reached 736,000, a net increase of 337,000.

In addition, China Unicom’s fixed-line broadband users saw a year-on-year increase of 4% to 75.24 million, of which 71.2% were FTTH users.

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ChinaWirelessNews.com