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Profit growth of 8.9%: China Unicom got off to a good start in the first quarter

author:Communication Industry News
Profit growth of 8.9%: China Unicom got off to a good start in the first quarter
The scale of networked communication has expanded, and the transformation of computing, network, and digital intelligence has been accelerated.

Today, China Unicom released its financial report for the first quarter of 2024. China Unicom's revenue in the first quarter was 99.496 billion yuan, up 2.3% year-on-year, service revenue reached 89.043 billion yuan, up 3.4% year-on-year, and net profit was 5.61 billion yuan, up 8.9% year-on-year.

Profit growth of 8.9%: China Unicom got off to a good start in the first quarter

In the first quarter of 2024, China Unicom adhered to high-quality development, focused on the main responsibilities of network power and digital China, coordinated the current and long-term, strengthened scale and value, and promoted the coordinated development of the two main businesses of networked communication and computing, network and digital intelligence. The networked communication business has accelerated its scale expansion and value enhancement. The number of mobile subscribers reached 337 million, including 269 million 5G package users, and the penetration rate of 5G packages increased to 80%. The number of IoT connections reached 529 million, a net increase of 34.6 million, and the number of fixed-line broadband users reached 115 million, of which 2.11 million gigabit users increased netly, and the gigabit broadband penetration rate increased to 23%, significantly improving the user structure. Accelerate the development and transformation of computing, network, and digital intelligence services, and transform models. China Unicom's cloud revenue reached RMB16.7 billion, up 30.3% year-on-year, and its data center revenue reached RMB6.6 billion, up 4.1% year-on-year, and the number of customers served by the 5G industry virtual private network reached 10,030. Accelerate the construction of digital information infrastructure, and constantly consolidate and consolidate the foundation and foundation of the long-term development of enterprises. Implementing the high-quality development of 5G, the number of 5G intermediate frequency base stations has reached 1.27 million, and the level of network coverage has continued to improve. Efforts will be made to build a green, intensive, safe and reliable computing infrastructure, deploy the "1+N+X" overall intelligent computing planning layout, and promote the transformation and upgrading of intelligent computing computing power demand. Actively deploy emerging industries such as artificial intelligence, low-altitude economy, and digital intelligence applications, increase scientific and technological innovation and core technology research, continue to strengthen the engine of scientific and technological innovation, focus on promoting industrial innovation with scientific and technological innovation, and accelerate the development of new quality productivity, with 362 authorized patents in the first quarter, a steady increase year-on-year. In 2024, China Unicom will adhere to the principle of seeking progress while maintaining stability, deeply implement the key action plans of strengthening the enterprise with science and technology, talent, reform, digital intelligence and brand, and implement key action plans such as the development of networked communications, the integrated development of computing and networking, the development of digital intelligence applications, the development of internationalization, big data innovation, artificial intelligence innovation, new digital infrastructure, high-quality services and network information security, and strive to achieve steady growth in annual operating income. With the performance target of double-digit profit growth, we will accelerate the construction of a world-class technology service enterprise with global competitiveness and create greater value for shareholders, customers and society.

Guidance: Xin Wen

Written by: Cui Liangliang

Chart: Dawn

Editing and proofreading: Liangliang

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Profit growth of 8.9%: China Unicom got off to a good start in the first quarter
Profit growth of 8.9%: China Unicom got off to a good start in the first quarter

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