China Unicom today released its 2021 financial report on the Hong Kong Stock Exchange. According to the data, In 2021, China Unicom's operating income reached RMB327.9 billion, an increase of 7.9% year-on-year; service revenue reached RMB296.2 billion, an increase of 7.4% year-on-year; and net profit was RMB14.4 billion, an increase of 15.0% year-on-year.
In the subsequent media interview, Wang Junzhi, deputy secretary of China Unicom, said that in 2022, China Unicom will moderately increase capital expenditure, keep capital expenditure growth matching income growth, and account for a stable revenue ratio. "China Unicom plans to complete the construction of the 5G network scale in about three years, and the overall capital expenditure will remain stable in the next few years."
On the one hand, China Unicom takes the action plan for building a new digital information infrastructure as the traction, accelerates the construction of "four boutique networks", moderately advances the core competitiveness of innovative products, collaborates with the network industry, and makes precise investments, consolidating the cornerstone of the company's high-quality development.
On the other hand, the increased investment in transmission networks and infrastructure mainly meets the layout of data center capacity, and moderately increases the investment in the network of East and West; the increase in broadband and data investment is mainly used to accelerate the deployment of broadband gigabit networks and the construction of government-enterprise boutique networks.
In addition, China Unicom adheres to co-construction and sharing, improves CAPEX's investment efficiency, and continuously improves resource utilization.
In the future, China Unicom will take the strategic planning as the guide, accelerate the construction of a new digital information infrastructure, strengthen the connection foundation for the company's high-quality long-term development, optimize the user experience, and provide reliable integrated operation services for computing and networking. Wang Junzhi also revealed, "The company plans to complete the scale construction of the 5G network in about three years, and the overall capital expenditure will remain stable in the next few years." ”
According to the data, China Unicom's capital expenditure in 2021 is 68 billion yuan, of which mobile networks, fixed network broadband and data, infrastructure transmission networks and others account for 49%, 19% and 32% respectively; in 2020, China Unicom's capital expenditure is 67.6 billion yuan, of which mobile networks, fixed network broadband and data, infrastructure transmission networks and others account for 56%, 15% and 29% respectively.
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