China Unicom (Hong Kong) Ltd.

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Company Background

China Unicom (Hong Kong) is one of China's top three telecommunications companies. Its parent company, state-owned China United Network Communications Group, was established in 1994 and is supervised by the State-Owned Assets Supervision and Administration Commission. China Unicom took over core assets of its parent company and listed on the stock market.

China Unicom entered the mobile phone business in 2002. In 2009, it became the first company in China to introduce 3G (third-generation) mobile services and has since spearheaded efforts to spread the service by building base telecommunications stations and other related infrastructure throughout China.

Of China's total 1.3 billion mobile phone users, a little more than 20% subscribe to China Unicom's service, giving it the second-largest market share after China Mobile. China Unicom has also become a major player in the global telecommunications market and aims to expand its business in other Asian countries and in Africa.

The Chinese government is currently promoting 4G mobile services. China Unicom is building infrastructure compatible with the FDD-LTE mobile standard, as is China Telecom. China Unicom is trying to differentiate its service from those of its rivals by combining its existing 3G service with a proprietary high-speed data communication service.

China United Network Communications Group is China Unicom's leading shareholder, owning a little more than 60% of its outstanding shares.

Business Summary

China Unicom (Hong Kong) Ltd. is an investment holding company, which engages in the provision of voice usage, broadband and mobile data services, and data and internet application services through its subsidiaries. It also offers other value-added services, leased lines and associated services, and sales of telecommunications products. The company was founded on February 8, 2000 and is headquartered in Hong Kong.

Financial Highlights

Dec 2019	HKD	USD
Revenue	329,419.74M	42,043.57M
Gross Profit	85,903.24M	10,963.76M
Operating income	15,259.11M	1,947.50M
Income before tax	13,790.69M	1,760.09M
Net income	12,847.27M	1,639.68M
EBITDA	109,464.89M	13,970.91M
Diluted EPS	0.41	0.05
Dividends Per Share	0.16	0.02
Total Assets	638,862.27M	81,991.61M
Total liabilities	280,067.20M	35,943.83M
Total equity	358,003.10M	45,946.13M
Operating cash flow	106,211.68M	13,555.71M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	341,734.58M	320,376.85M	316,901.71M	344,530.39M	329,419.74M
Gross Profit	81,069.28M	70,163.53M	70,452.45M	84,921.79M	85,903.24M
Operating income	15,737.97M	3,561.33M	8,558.21M	15,734.28M	15,259.11M
Income before tax	18,299.91M	498.91M	2,989.95M	15,493.84M	13,790.69M
Net income	13,028.02M	730.26M	2,107.84M	12,077.87M	12,847.27M
EBITDA	110,392.81M	93,301.72M	97,913.22M	105,488.64M	109,464.89M
Diluted EPS	0.54	0.03	0.08	0.39	0.41
Dividends Per Share	0.20	0	0.06	0.15	0.16
Total Assets	729,674.90M	688,946.50M	692,199.58M	623,616.84M	638,862.27M
Total liabilities	453,717.24M	434,935.03M	326,847.65M	265,218.56M	280,067.20M
Total equity	275,957.66M	253,704.66M	364,995.40M	357,983.19M	358,003.10M
Operating cash flow	104,446.20M	87,546.09M	98,345.62M	110,423.08M	106,211.68M

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	44,080.14M	41,272.60M	40,665.87M	43,958.96M	42,043.57M
Gross Profit	10,457.08M	9,038.83M	9,040.69M	10,835.25M	10,963.76M
Operating income	2,030.03M	458.79M	1,098.21M	2,007.55M	1,947.50M
Income before tax	2,360.49M	64.27M	383.68M	1,976.87M	1,760.09M
Net income	1,680.47M	94.07M	270.48M	1,541.02M	1,639.68M
EBITDA	14,239.50M	12,019.61M	12,564.54M	13,459.39M	13,970.91M
Diluted EPS	0.07	0.00	0.01	0.05	0.05
Dividends Per Share	0.02	0	0.00	0.01	0.02
Total Assets	94,149.77M	88,860.20M	88,547.14M	79,651.16M	81,991.61M
Total liabilities	58,543.02M	56,097.84M	41,810.80M	33,874.91M	35,943.83M
Total equity	35,606.74M	32,722.78M	46,690.72M	45,723.23M	45,946.13M
Operating cash flow	13,472.45M	11,278.14M	12,620.03M	14,088.98M	13,555.71M

Valuation Measures

Dec 2019
PER	17.48
ROA	2.03%
ROE	3.58%
Operating margin	4.63%
Profit margin	3.89%

Key executives

Chairman & Chief Executive Officer: Xiao Chu Wang
Chief Financial Officer & Executive Director: Ke Bing Zhu
Executive Director & Senior Vice President: Yun Jun Fan
Senior Vice President: Biao He
Senior Vice President: Yan Zhou Mai

Shareholders

China United Network Communications Ltd. (53.5%)
China State-Owned Assets Supervision & Admn Commission (27.1%)
The Vanguard Group, Inc. (0.6%)
BlackRock Fund Advisors (0.4%)
Norges Bank Investment Management (0.2%)
State Street Global Advisors Asia Ltd. (0.2%)
BlackRock Investment Management (UK) Ltd. (0.1%)
Dimensional Fund Advisors LP (0.1%)
APG Asset Management NV (0.1%)
Wellington Management Co. LLP (0.1%)

Contact Details

Website:http://www.chinaunicom.com.hk
Address: 75th Floor, The Center, 99 Queen's Road Central, Hong Kong, Hong Kong
Phone: +852.2126.2018

Related Companies

Shanghai Unicom
UNISK Information Technology Co., Ltd.
East Asia Netcom Ltd.
China Unicom Heilongjiang Branch
China Unicom (Australia) Operations Pty Ltd.
China Unicom (MYA) Operations Co. Ltd.
China Unicom (South Africa) Operations Pty Ltd.
China Unicom (Singapore) Operations Pte Ltd.
China Unicom (Japan) Operations Corp.
China Unicom Global Ltd.
China Unicom Dongguan Co. Ltd.
China United Network Communications Corp. Ltd.
Billion Express Investments Ltd.
China Unicom Jiangsu Co. Ltd.
Zhejiang Unicom

Competitors

PCCW Limited
Telefonica SA
China Telecom Corp. Ltd. Class H
HKT Trust and HKT Ltd
Shanghai AtHub Co., Ltd. Class A
GDS Holdings Ltd. Sponsored ADR Class A
AVIT Ltd. Class A

Last Updated on 6 Aug, 2020