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 2018	HKD	USD
Revenue	344,530.39M	43,958.96M
Gross Profit	84,921.79M	10,835.25M
Operating income	15,734.28M	2,007.55M
Income before tax	15,493.84M	1,976.87M
Net income	12,077.87M	1,541.02M
EBITDA	105,488.64M	13,459.39M
Diluted EPS	0.39	0.05
Dividends Per Share	0.15	0.01
Total Assets	623,616.84M	79,651.16M
Total liabilities	265,218.56M	33,874.91M
Total equity	357,983.19M	45,723.23M
Operating cash flow	110,423.08M	14,088.98M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	358,279.43M	341,734.58M	320,376.85M	316,901.71M	344,530.39M
Gross Profit	101,077.53M	81,069.28M	70,163.53M	70,452.45M	84,921.79M
Operating income	25,210.86M	15,737.97M	3,561.33M	8,558.21M	15,734.28M
Income before tax	20,049.63M	18,299.91M	498.91M	2,989.95M	15,493.84M
Net income	15,171.57M	13,028.02M	730.26M	2,107.84M	12,077.87M
EBITDA	118,175.91M	110,392.81M	93,301.72M	97,913.22M	105,488.64M
Diluted EPS	0.61	0.54	0.03	0.08	0.39
Dividends Per Share	0.25	0.20	0	0.06	0.15
Total Assets	682,629.29M	729,674.90M	688,946.50M	692,199.58M	623,616.84M
Total liabilities	398,923.53M	453,717.24M	434,935.03M	326,847.65M	265,218.56M
Total equity	283,705.76M	275,957.66M	253,704.66M	364,995.40M	357,983.19M
Operating cash flow	111,313.15M	104,446.20M	87,546.09M	98,345.62M	110,423.08M

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	46,201.69M	44,080.14M	41,272.60M	40,665.87M	43,958.96M
Gross Profit	13,034.38M	10,457.08M	9,038.83M	9,040.69M	10,835.25M
Operating income	3,251.05M	2,030.03M	458.79M	1,098.21M	2,007.55M
Income before tax	2,585.48M	2,360.49M	64.27M	383.68M	1,976.87M
Net income	1,956.44M	1,680.47M	94.07M	270.48M	1,541.02M
EBITDA	15,239.29M	14,239.50M	12,019.61M	12,564.54M	13,459.39M
Diluted EPS	0.07	0.07	0.00	0.01	0.05
Dividends Per Share	0.03	0.02	0	0.00	0.01
Total Assets	88,026.11M	94,149.77M	88,860.20M	88,547.14M	79,651.16M
Total liabilities	51,441.81M	58,543.02M	56,097.84M	41,810.80M	33,874.91M
Total equity	36,584.30M	35,606.74M	32,722.78M	46,690.72M	45,723.23M
Operating cash flow	14,354.31M	13,472.45M	11,278.14M	12,620.03M	14,088.98M

Valuation Measures

Dec 2018
PER	21.18
ROA	1.83%
ROE	3.34%
Operating margin	4.56%
Profit margin	3.50%

Key executives

Chairman & Chief Executive Officer: Xiao Chu Wang
President & Executive Director: Guo Hua Li
Chief Financial Officer & Executive Director: Ke Bing Zhu
Executive Director & Senior Vice President: Guang Lu Shao
Senior Vice President: Yun Jun Fan

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 (0.5%)
FIL Investment Management (Hong Kong) Ltd. (0.3%)
Norges Bank Investment Management (0.3%)
Wellington Management Co. LLP (0.3%)
State Street Global Advisors Asia Ltd. (0.1%)
Skagen AS (Investment Management) (0.1%)
Dimensional Fund Advisors LP (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

China Mobile Limited
China Telecom Corp. Ltd. Class H
HKT Trust and HKT Ltd
GDS Holdings Ltd. Sponsored ADR Class A

Last Updated on 18 Oct, 2019