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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 2019 HKDUSD
Revenue329,419.74M42,043.57M
Gross Profit85,903.24M10,963.76M
Operating income15,259.11M1,947.50M
Income before tax13,790.69M1,760.09M
Net income12,847.27M1,639.68M
EBITDA109,464.89M13,970.91M
Diluted EPS0.410.05
Dividends Per Share0.160.02
Total Assets638,862.27M81,991.61M
Total liabilities280,067.20M35,943.83M
Total equity358,003.10M45,946.13M
Operating cash flow106,211.68M13,555.71M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 341,734.58M 320,376.85M 316,901.71M 344,530.39M 329,419.74M
Gross Profit 81,069.28M 70,163.53M 70,452.45M 84,921.79M 85,903.24M
Operating income 15,737.97M 3,561.33M 8,558.21M 15,734.28M 15,259.11M
Income before tax 18,299.91M 498.91M 2,989.95M 15,493.84M 13,790.69M
Net income 13,028.02M 730.26M 2,107.84M 12,077.87M 12,847.27M
EBITDA 110,392.81M 93,301.72M 97,913.22M 105,488.64M 109,464.89M
Diluted EPS 0.54 0.03 0.08 0.39 0.41
Dividends Per Share 0.20 0 0.06 0.15 0.16
Total Assets 729,674.90M 688,946.50M 692,199.58M 623,616.84M 638,862.27M
Total liabilities 453,717.24M 434,935.03M 326,847.65M 265,218.56M 280,067.20M
Total equity 275,957.66M 253,704.66M 364,995.40M 357,983.19M 358,003.10M
Operating cash flow 104,446.20M 87,546.09M 98,345.62M 110,423.08M 106,211.68M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 44,080.14M 41,272.60M 40,665.87M 43,958.96M 42,043.57M
Gross Profit 10,457.08M 9,038.83M 9,040.69M 10,835.25M 10,963.76M
Operating income 2,030.03M 458.79M 1,098.21M 2,007.55M 1,947.50M
Income before tax 2,360.49M 64.27M 383.68M 1,976.87M 1,760.09M
Net income 1,680.47M 94.07M 270.48M 1,541.02M 1,639.68M
EBITDA 14,239.50M 12,019.61M 12,564.54M 13,459.39M 13,970.91M
Diluted EPS 0.07 0.00 0.01 0.05 0.05
Dividends Per Share 0.02 0 0.00 0.01 0.02
Total Assets 94,149.77M 88,860.20M 88,547.14M 79,651.16M 81,991.61M
Total liabilities 58,543.02M 56,097.84M 41,810.80M 33,874.91M 35,943.83M
Total equity 35,606.74M 32,722.78M 46,690.72M 45,723.23M 45,946.13M
Operating cash flow 13,472.45M 11,278.14M 12,620.03M 14,088.98M 13,555.71M

Valuation Measures

Dec 2019
PER17.48
ROA2.03%
ROE3.58%
Operating margin4.63%
Profit margin3.89%

Key executives

  • Chairman & Chief Executive Officer: Xiao Chu Wang
  • Chief Financial Officer & Executive Director: Ke Bing Zhu
  • Executive Director & Senior Vice President: Yun Jun Fan
  • Senior Vice President: Biao He
  • Senior Vice President: Yan Zhou Mai

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 (0.4%)
  • Norges Bank Investment Management (0.2%)
  • State Street Global Advisors Asia Ltd. (0.2%)
  • BlackRock Investment Management (UK) Ltd. (0.1%)
  • Dimensional Fund Advisors LP (0.1%)
  • APG Asset Management NV (0.1%)
  • Wellington Management Co. LLP (0.1%)

Contact Details

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

  • PCCW Limited
  • Telefonica SA
  • China Telecom Corp. Ltd. Class H
  • HKT Trust and HKT Ltd
  • Shanghai AtHub Co., Ltd. Class A
  • GDS Holdings Ltd. Sponsored ADR Class A
  • AVIT Ltd. Class A
Last Updated on 6 Aug, 2020

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