ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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 2020 HKDUSD
Revenue341,420.74M44,020.23M
Gross Profit91,422.56M11,787.34M
Operating income16,791.35M2,164.95M
Income before tax15,340.66M1,977.91M
Net income14,038.30M1,809.99M
EBITDA110,077.00M14,192.50M
Diluted EPS0.450.05
Dividends Per Share0.190.02
Total Assets701,577.70M90,481.21M
Total liabilities313,256.82M40,400.16M
Total equity387,214.68M49,938.37M
Operating cash flow119,718.29M15,435.58M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 320,376.85M 316,901.71M 344,530.39M 329,419.74M 341,420.74M
Gross Profit 70,163.53M 70,452.45M 84,921.79M 85,903.24M 91,422.56M
Operating income 3,561.33M 8,558.21M 15,734.28M 15,259.11M 16,791.35M
Income before tax 498.91M 2,989.95M 15,493.84M 13,790.69M 15,340.66M
Net income 730.26M 2,107.84M 12,077.87M 12,847.27M 14,038.30M
EBITDA 93,301.72M 97,913.22M 105,488.64M 109,464.89M 110,077.00M
Diluted EPS 0.03 0.08 0.39 0.41 0.45
Dividends Per Share 0 0.06 0.15 0.16 0.19
Total Assets 688,946.50M 692,199.58M 623,616.84M 638,862.27M 701,577.70M
Total liabilities 434,935.03M 326,847.65M 265,218.56M 280,067.20M 313,256.82M
Total equity 253,704.66M 364,995.40M 357,983.19M 358,003.10M 387,214.68M
Operating cash flow 87,546.09M 98,345.62M 110,423.08M 106,211.68M 119,718.29M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 41,272.60M 40,665.87M 43,958.96M 42,043.57M 44,020.23M
Gross Profit 9,038.83M 9,040.69M 10,835.25M 10,963.76M 11,787.34M
Operating income 458.79M 1,098.21M 2,007.55M 1,947.50M 2,164.95M
Income before tax 64.27M 383.68M 1,976.87M 1,760.09M 1,977.91M
Net income 94.07M 270.48M 1,541.02M 1,639.68M 1,809.99M
EBITDA 12,019.61M 12,564.54M 13,459.39M 13,970.91M 14,192.50M
Diluted EPS 0.00 0.01 0.05 0.05 0.05
Dividends Per Share 0 0.00 0.01 0.02 0.02
Total Assets 88,860.20M 88,547.14M 79,651.16M 81,991.61M 90,481.21M
Total liabilities 56,097.84M 41,810.80M 33,874.91M 35,943.83M 40,400.16M
Total equity 32,722.78M 46,690.72M 45,723.23M 45,946.13M 49,938.37M
Operating cash flow 11,278.14M 12,620.03M 14,088.98M 13,555.71M 15,435.58M

Valuation Measures

Dec 2020
PER9.69
ROA2.09%
ROE3.76%
Operating margin4.91%
Profit margin4.11%

Key executives

  • Chairman & Chief Executive Officer: Xiao Chu Wang
  • President & Executive Director: Zhong Yue Chen
  • Senior Vice President: Biao He
  • Senior Vice President: Yan Zhou Mai
  • Investor Relations Contact: Ivan Wong

Shareholders

  • China United Network Communications Ltd. (53.5%)
  • China State-Owned Assets Supervision & Admn Commission (27.1%)
  • Norges Bank Investment Management (0.2%)
  • State Street Global Advisors Asia Ltd. (0.1%)
  • Swedbank Robur Fonder AB (0.1%)
  • APG Asset Management NV (0.1%)
  • Hang Seng Investment Management Ltd. (0.0%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.0%)
  • FIL Investment Management (Hong Kong) Ltd. (0.0%)
  • Foresight 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
  • China Telecom Corp. Ltd. Class H
  • HKT Trust and HKT Ltd
  • GDS Holdings Ltd.
Last Updated on 27 Jul, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more