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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 2022 HKDUSD
Gross Profit122,447.58M15,637.28M
Operating income14,349.91M1,832.56M
Income before tax19,585.19M2,501.14M
Net income19,472.39M2,486.74M
Diluted EPS0.630.08
Dividends Per Share0.310.04
Total Assets721,543.30M92,446.88M
Total liabilities335,841.77M43,029.33M
Total equity383,549.23M49,141.79M
Operating cash flow----
Currency in HKDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 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 2018Dec 2019Dec 2020Dec 2021Dec 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
Operating margin3.47%
Profit margin4.71%

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


  • 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

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Last Updated on 20 Mar, 2023

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