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Communications

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 2021 HKDUSD
Revenue395,133.23M50,835.13M
Gross Profit105,975.40M13,634.06M
Operating income20,248.74M2,605.06M
Income before tax17,616.56M2,266.42M
Net income17,316.47M2,227.81M
EBITDA123,477.47M15,885.76M
Diluted EPS0.560.07
Dividends Per Share0.250.03
Total Assets723,042.95M92,741.81M
Total liabilities315,165.82M40,425.05M
Total equity406,536.42M52,144.79M
Operating cash flow134,233.98M17,269.62M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 316,901.71M 344,530.39M 329,419.74M 341,420.74M 395,133.23M
Gross Profit 70,452.45M 84,921.79M 85,903.24M 91,422.56M 105,975.40M
Operating income 8,558.21M 15,734.28M 15,259.11M 16,791.35M 20,248.74M
Income before tax 2,989.95M 15,493.84M 13,790.69M 15,340.66M 17,616.56M
Net income 2,107.84M 12,077.87M 12,847.27M 14,038.30M 17,316.47M
EBITDA 97,913.22M 105,488.64M 109,464.89M 110,077.00M 123,477.47M
Diluted EPS 0.08 0.39 0.41 0.45 0.56
Dividends Per Share 0.06 0.15 0.16 0.19 0.25
Total Assets 692,199.58M 623,616.84M 638,862.27M 701,577.70M 723,042.95M
Total liabilities 326,847.65M 265,218.56M 280,067.20M 313,256.82M 315,165.82M
Total equity 364,995.40M 357,983.19M 358,003.10M 387,214.68M 406,536.42M
Operating cash flow 98,345.62M 110,423.08M 106,211.68M 119,718.29M 134,233.98M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 40,665.87M 43,958.96M 42,043.57M 44,020.23M 50,835.13M
Gross Profit 9,040.69M 10,835.25M 10,963.76M 11,787.34M 13,634.06M
Operating income 1,098.21M 2,007.55M 1,947.50M 2,164.95M 2,605.06M
Income before tax 383.68M 1,976.87M 1,760.09M 1,977.91M 2,266.42M
Net income 270.48M 1,541.02M 1,639.68M 1,809.99M 2,227.81M
EBITDA 12,564.54M 13,459.39M 13,970.91M 14,192.50M 15,885.76M
Diluted EPS 0.01 0.05 0.05 0.05 0.07
Dividends Per Share 0.00 0.01 0.02 0.02 0.03
Total Assets 88,547.14M 79,651.16M 81,991.61M 90,481.21M 92,741.81M
Total liabilities 41,810.80M 33,874.91M 35,943.83M 40,400.16M 40,425.05M
Total equity 46,690.72M 45,723.23M 45,946.13M 49,938.37M 52,144.79M
Operating cash flow 12,620.03M 14,088.98M 13,555.71M 15,435.58M 17,269.62M

Valuation Measures

Dec 2021
PER6.89
ROA2.43%
ROE4.36%
Operating margin5.12%
Profit margin4.38%

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. (0.1%)
  • Orient Securities Asset Management Co. Ltd. (0.0%)
  • Hang Seng Investment Management Ltd. (0.0%)
  • China Asset Management Co., Ltd. (0.0%)
  • China Merchants Fund Management Co., Ltd. (0.0%)
  • Tian Hong Asset Management Co., Ltd. (0.0%)
  • Prudential International Investments Advisers LLC (0.0%)
  • Penghua Fund Management Co., Ltd. (0.0%)

Contact Details

Related Companies

  • China Unicom Leasing Co., Ltd.
  • China Unicom (Heilongjiang) Industrial Internet Co., Ltd.
  • China Unicom WO Music & Culture Co., Ltd.
  • China Unicom iRead Science & Culture Co., Ltd.
  • China Unicom Internet of Things Corp. Ltd.
  • China Unicom Video Technology Co., Ltd.
  • China Unicom (Shanghai) Industrial Internet Co., Ltd.
  • China Unicom (Shaanxi) Industrial Internet Co., Ltd.
  • China Unicom (Liaoning) Industrial Internet Co., Ltd.
  • China Unicom (Sichuan) Industrial Internet Co., Ltd.
  • China Unicom Xiongan Industrial Internet Co., Ltd.
  • China Unicom (Shanxi) Industrial Internet Co., Ltd.
  • China Unicom (Fujian) Industrial Internet Co., Ltd.
  • China Unicom (ShanDong) Industrial Internet Co., Ltd.
  • China Unicom (Zhejiang) Industry Internet Co., Ltd.
  • 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
  • Telefonica SA
  • HKT Trust and HKT Ltd
  • GDS Holdings Ltd.
  • Eastcompeace Technology Co., Ltd. Class A
  • RocKontrol Technology Group Co. Ltd. Class A
Last Updated on 3 Oct, 2022

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