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
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
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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- China Unicom (Guangdong Branch) Internet Industry Ltd.
- Liantong Travel Service (Beijing) Co., Ltd.
- Unicom Big Data Co., Ltd.
- China Unicom Innovation Investment (Shenzhen) Investment Ctr
- China Unicom Innovation Investment Company (Guizhou) Ltd.
- China Unicom Innovation Investment Company (Shenzhen) Ltd.
- Unicom Intelligent Vehicle Technology (Shanghai) Co., Ltd.
- Unicom Intelligent Network Ruixing Technology (Beijing) Co.,
- Xiaowo Technology Co., Ltd.
- Unicom Innovation Investment Co., Ltd.
- China Unicom Intelligence Security Technology Corp. Ltd.
- Guangdong Unicom Communication Construction Co., Ltd.
- Zhengzhou Kaicheng Industrial Co., Ltd.
- Huaxia P&T Project Consultation & Management Co., Ltd.
- China Unicom Online Information Technology Co., Ltd.
Competitors
- PCCW Limited
- HKT Trust and HKT Ltd
- GDS Holdings Ltd.
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