CHINA UNICOM announced its annual results for 2025. The company achieved an operating revenue of 392.2 billion yuan and a total profit of 25.3 billion yuan. The return on net assets stood at 5.39%, while free cash flow reached 37.3 billion yuan, marking a year-on-year increase of 24.7%.
Revenue from strategic emerging industries accounted for over 86% of the total, with computing power business contributing more than 15%. Artificial intelligence revenue surged by over 140% compared to the previous year, and international business revenue grew by more than 9%.
Capital expenditure for 2026 is projected to be approximately 50 billion yuan, of which computing power investment is expected to exceed 35%.
The company enhanced its network capabilities by implementing initiatives such as "Signal Enhancement" and "Broadband Upgrade," while promoting co-construction, sharing, co-maintenance, and co-optimization. Mobile network coverage now reaches over 99% of the population, with 5G-Advanced base stations deployed in more than 330 cities. Efforts to expand gigabit broadband and upgrade to 10-gigabit broadband are underway, with commercial trials of 10-gigabit optical networks conducted in over 100 cities. CHINA UNICOM is also advancing in cutting-edge fields like 6G and quantum communication, having launched quantum security dedicated lines.
According to the financial report, the total number of users surpassed 1.2 billion, an increase of 110 million from the previous year. Net additions for mobile and broadband users exceeded 20 million, with the penetration rate of integrated services exceeding 78%. The average revenue per user (ARPU) for integrated packages remained above 100 yuan. The company accelerated its scenario-based transformation, with the scale of Internet of Things (IoT) connections surpassing 700 million. It consolidated its leading position in the vehicle networking market, where 5G private network revenue grew by over 50% year-on-year. Seizing opportunities in the low-altitude economy, CHINA UNICOM is developing an integrated low-altitude intelligent network combining communication, sensing, navigation, and computing. The company has also obtained a license for satellite mobile communication services, promoting large-scale applications of direct satellite connectivity for mobile phones.
The scale of standard server racks exceeded 1.1 million, with seven 100-megawatt-level AI data center (AIDC) parks completed. Intelligent computing capacity reached 45 EFLOPS. The company is accelerating the construction of the new "Eight Vertical and Eight Horizontal" backbone optical cable network, adding over 9,000 kilometers to facilitate interconnectivity between computing power hub nodes. Data center revenue amounted to 28.1 billion yuan, up 8.5% year-on-year.
CHINA UNICOM Cloud is rapidly evolving into an AI cloud, deepening its practice of ultra-large-scale intelligent cloud-native technologies and enhancing unified orchestration and scheduling capabilities. It has established a new computing power operation model centered on "application + model + resources," supporting the digital and intelligent transformation of government cloud systems in over 180 provinces and cities, as well as nearly 400,000 enterprise customers. Revenue from CHINA UNICOM Cloud increased by 5.2% compared to the previous year.
The company established a national AI application pilot base and launched platforms including the "Wanxiang" data engineering platform, the "Yuanjing" MaaS platform, and the "Wanwu" agent platform. It has accumulated over 400 TB of high-quality datasets, provides more than 140 industry-leading models, and has attracted over 10,000 developers to help customers quickly build intelligent agent applications. Revenue from artificial intelligence grew by 147% year-on-year.
The board of directors proposed a final dividend of 0.0523 yuan per share. Together with the interim dividend of 0.1112 yuan per share already distributed, the total dividend for 2025 amounts to 0.1635 yuan per share, an increase of 3.5% year-on-year.