According to the Zhitong Finance App, China Unicom (00762.HK) announced its 2026 interim results, and the results are stabilizing. Revenue performance in the first half of the year was steady. While the overall growth of the industry faced challenges, operating revenue was RMB 201.4 billion, up 0.6% year on year; service revenue was RMB 178 billion, down 0.2% year on year. Earnings were under pressure in the short term. Profit before tax was RMB 11.3 billion, and profit attributable to company equity holders was RMB 9.5 billion, a year-on-year decrease of 34.6%. Phased profit fluctuations are due to multiple factors. In addition to VAT, changes in the pace of labor cost investment are important reasons. Labor costs are expected to remain stable throughout the year, and the decline in profits will narrow markedly. Cash flow is healthy and improving, with net operating cash inflow of RMB 32.9 billion, up 13.6% year over year, a recent high. The growth rate of accounts receivable has slowed significantly compared to the same period last year.

According to the Zhitong Finance App, China Unicom (00762.HK) announced its 2026 interim results, and the results are stabilizing. Revenue performance in the first half of the year was steady. While the overall growth of the industry faced challenges, operating revenue was RMB 201.4 billion, up 0.6% year on year; service revenue was RMB 178 billion, down 0.2% year on year. Earnings were under pressure in the short term. Profit before tax was RMB 11.3 billion, and profit attributable to company equity holders was RMB 9.5 billion, a year-on-year decrease of 34.6%. Phased profit fluctuations are due to multiple factors. In addition to VAT, changes in the pace of labor cost investment are important reasons. Labor costs are expected to remain stable throughout the year, and the decline in profits will narrow markedly. Cash flow is healthy and improving, with net operating cash inflow of RMB 32.9 billion, up 13.6% year over year, a recent high. The growth rate of accounts receivable has slowed significantly compared to the same period last year.