China Unicom (Hong Kong) Ltd.

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 2022	HKD	USD
Revenue	412,756.63M	52,711.47M
Gross Profit	122,447.58M	15,637.28M
Operating income	14,349.91M	1,832.56M
Income before tax	19,585.19M	2,501.14M
Net income	19,472.39M	2,486.74M
EBITDA	115,321.46M	14,727.23M
Diluted EPS	0.63	0.08
Dividends Per Share	0.31	0.04
Total Assets	721,543.30M	92,446.88M
Total liabilities	335,841.77M	43,029.33M
Total equity	383,549.23M	49,141.79M
Operating cash flow	--	--
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	344,530.39M	329,419.74M	341,420.74M	395,133.23M	412,756.63M
Gross Profit	84,921.79M	85,903.24M	91,422.56M	105,975.40M	122,447.58M
Operating income	15,734.28M	15,259.11M	16,791.35M	20,248.74M	14,349.91M
Income before tax	15,493.84M	13,790.69M	15,340.66M	17,616.56M	19,585.19M
Net income	12,077.87M	12,847.27M	14,038.30M	17,316.47M	19,472.39M
EBITDA	105,488.64M	109,464.89M	110,077.00M	123,477.47M	115,321.46M
Diluted EPS	0.39	0.41	0.45	0.56	0.63
Dividends Per Share	0.15	0.16	0.19	0.25	0.31
Total Assets	623,616.84M	638,862.27M	701,577.70M	723,042.95M	721,543.30M
Total liabilities	265,218.56M	280,067.20M	313,256.82M	315,165.82M	335,841.77M
Total equity	357,983.19M	358,003.10M	387,214.68M	406,536.42M	383,549.23M
Operating cash flow	110,423.08M	106,211.68M	119,718.29M	134,233.98M	--

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	43,958.96M	42,043.57M	44,020.23M	50,835.13M	52,711.47M
Gross Profit	10,835.25M	10,963.76M	11,787.34M	13,634.06M	15,637.28M
Operating income	2,007.55M	1,947.50M	2,164.95M	2,605.06M	1,832.56M
Income before tax	1,976.87M	1,760.09M	1,977.91M	2,266.42M	2,501.14M
Net income	1,541.02M	1,639.68M	1,809.99M	2,227.81M	2,486.74M
EBITDA	13,459.39M	13,970.91M	14,192.50M	15,885.76M	14,727.23M
Diluted EPS	0.05	0.05	0.05	0.07	0.08
Dividends Per Share	0.01	0.02	0.02	0.03	0.04
Total Assets	79,651.16M	81,991.61M	90,481.21M	92,741.81M	92,446.88M
Total liabilities	33,874.91M	35,943.83M	40,400.16M	40,425.05M	43,029.33M
Total equity	45,723.23M	45,946.13M	49,938.37M	52,144.79M	49,141.79M
Operating cash flow	14,088.98M	13,555.71M	15,435.58M	17,269.62M	--

Valuation Measures

Dec 2022
PER	7.58
ROA	2.69%
ROE	4.92%
Operating margin	3.47%
Profit margin	4.71%

Key executives

Chairman & Chief Executive Officer: Lie Hong Liu
President & Executive Director: Zhong Yue Chen
Chief Financial Officer & Executive Director: Yu Zhuo Li
Senior Vice President: Biao He
Senior Vice President: Yongbo Tang

Shareholders

China United Network Communications Ltd. (53.5%)
China State-Owned Assets Supervision & Admn Commission (27.1%)
State Street Global Advisors Asia Ltd. (0.2%)
Value Partners Ltd. (0.1%)
China Merchants Fund Management Co., Ltd. (0.0%)
China Asset Management Co., Ltd. (0.0%)
Tian Hong Asset Management Co., Ltd. (0.0%)
Mackenzie Financial Corp. (0.0%)
Orient Securities Asset Management Co. Ltd. (0.0%)
BOCI-Prudential Asset Management Ltd. (0.0%)

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

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Competitors

PCCW Limited
HKT Trust and HKT Ltd
GDS Holdings Ltd.

Last Updated on 20 Mar, 2023