中国联通2025年中期报告

Stock Code : 762 董 事 長報 告 書 2,0001.5%1785.1% 3121,1004.86,0006.98,600 11,319245426%6811%86% 0.284114.5% 50%42.777% APP84%99% 30AI 5G5G55G60%5GAI5G7,50012345400 AI53761449.4%AIDC60% 5G5G-A99%5G-A3305.7106 UniCom6001,0002804005 2,650MW30 EFLOPS(AINet)800G1.2T 20215%OPEX1070% 2023% ESG 2250050020252000264Extel(InstitutionalInvestor)(FinanceAsia)2025 6G16%40%4.7 20257192025AIAIAI550 2025812 123=++++4= 5G+5IDC 財 務概 覽 20252,002.01.5%1,783.61.5%144.85.0% 2025290.0202.2202563043.7% 20252,002.01.5%1,783.61.5% 20252024 1.1 20251,318.70.4% 2.1 2025454.04.3% 20251,862.80.9% 20252024 1. 202554.70.2%2.8%2.7% 2. 4G2025403.24.8%21.5%20.1% 3. 2025313.63.0%15.4%15.7% 4. 2025286.10.4%14.5%14.3% 5. 2025211.1218.57.4 6. 2025181.72.5%9.0%9.1% 7.2 202521.56.1%1.2%1.1% 8. 2025390.97.1%18.5%19.5% 1. 2025177.95.1% 2. 202532.818.4% 3. 2025144.85.0%0.4735.0% 4.EBITDA3 2025EBITDA542.4EBITDA30.4% 2025202.22025290.0487.863.1% 20256306,712.46,638.33,076.72,900.443.7%2.139.910.2%9.0%20256304.1% 1202598.4770.596.3155.761.0126.310.5454.010.9 20242024 3EBITDAEBITDA 4 2025630 2025630 2025630 2025630 2025630 1. 2000289975 2000622 (BVI)BVI(BVI)BVIA20011231A2002109 BVI 2. 202563034 20256302410 2024123120242025630 2. 20241231622436 622662(3)6320241231 622406(2)407(2)(3) (a) 2025630928202412311,119 ••2,48820256302,192• 2025630 2025630 3. 20241231 •21 4. 2025630A20241231 20241231 4. 2025630 4. (i)181920(ii)2426 5. 6. 9%6%13% 6. 7. 2025630 7. (i)20252024630 (ii)2025202463031.3 8. 9. 11. 2025630 12. 13. 202563016.5%202463016.5%202563025%202463025%15%202463015% 13. (i)15%202463015%15%202463015%100%2024630100% (ii) (iii)20256306.74202412313.6620252035 2025630 13. 202563090.602024123195.63 202112GloBE15% 14. 20252024630 2025202463020252024630 14. 15. 20252024630 2025630 15. 20252024630 16. 202563033.02202463049.29 (i) (iii) 2025630 18. (i)20(i) 19. 19. 301 20. 2025630 20. (i) (ii) 202563020241231 21. 22. 23. 2025529202412310.156247.792024630202312310.133640.882025630 202581220250.284186.93202463020240.248175.91 20081110%20101111200811202563020241231 24. 2025630 24. 25. 2025630 27. 20099610 2011123(a)5(b)21,827,499374,559,882.84201112520115 20125141,646,2691.46 202563024.052024123119.0220256305.0320246301.65 28. 201441620144222024422 202563020241231 29.A A AAA8.48A793,861,00013,156,00020183212019213.79A6.135.363.792.341.57 23440%30%30%A 29.A A AAA A420232023A3,240,3752023443,925 A AAA8.38A838,340,00020221112.48A3.412.480.93 23440%30%30%A AAA A220241120241231A314,488,2002023 2025630A0.6520246301.41 202563022,841,60020246303,411,000 2025630 30. (a) ••• 2025630 20241231 30. (a) 20252024630 (b) 202563020241231 20256300.57%3.50%202412310.57%3.60%)1.25%20241.90%4.23%20244.38% 31. 2025630 31. 12)3)4 31.1 (a) 31. 31.1 (a) (i)202210282023–20252023–20252023–2025(i)(ii)(iii)(iv)(v)IT(vi)(vii)(viii)2023–2025 (b) 202563054.002024123150.0020 (c) 2025630129.112024123186.490.42%2.75%26 202563012.062024123112.0632.21202412312.21224 2025630 31. 31.2 202563014A 31. 31.3 (i) (ii) 201678 2018131201678201811 20221213520231120271231 2025630 31. 31.3 (ii) 16202563011.10202463020.05202563039.13202463039.444.5220246305.8144.53202463054.39 (iii) 2025630154.47(20241231158.17)31.3(ii) 32. 32.1 202563020241231 32.2 2025630 33. 23 34. 2025812 1349343434 2410— 34 • 2025630352C3XV 2025630XV352 202563018 2025630XV336 1.ABVIBVIA 2.BVIBVI 3.BVI8,082,130,23626.41%BVI225,722,7910.74%BVI 2025630336 22 20256302025630 202420242025 •2025522•202562720257292025723 13.51B(1)(www.chinaunicom.com.hk) •2025630 2025630C1 20256302025529 C32025630 D2 D2D22024 202520250.28410.3124120258820250.909371.00 2025 2025934:30202594202594 2025—183171712–171620252025924202594 2025 (i)(ii)(iii)202510% 20252025 (i)(ii)2025202593430—1831717121716 企 業文 化 www.chinaunicom.com.hk CHINA UNICOM (HONG KONG) LIMITED 997575th Floor, The Center, 99 Queen’s Road Central, Hong Kong