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Express News | China Unicom Internet of Vehicles Conference focuses on “big AI models”, “cars going overseas”, etc.
Research Report Nuggets丨China Merchants Securities: China Unicom's total Q1 profit maintained a double-digit growth rate and maintained a “highly recommended” rating
Gelonghui, April 23 | China Merchants Securities Research Report pointed out that China Unicom (600050.SH)'s revenue and performance in the first quarter increased steadily, and reforms and innovation continued to advance. Q1's main business revenue reached 89.043 billion yuan, up 3.4% year on year; net profit to mother reached 2,447 billion yuan, up 8.0% year on year; total profit reached 7.169 billion yuan, up 10.0% year on year, maintaining a double digit growth rate. The company insists on high-quality development, focusing on the network power and digital China. The basic business of networked communication is developing steadily, and the user structure has improved markedly. The company thoroughly implements networked communication development and network computing
Big Bank Ratings | Damo: Maintaining China Unicom's “Accumulation” Rating First Quarter Results Are in Line with Expectations
According to a research report published by Morgan Stanley, China Unicom's first-quarter results were in line with expectations. Service revenue increased by 3.4% year-on-year. Among them, revenue from the Networked ICT business and Networked Digital Intelligence business both grew steadily, and Unicom's cloud revenue increased 30% year-on-year. The company's net profit for the first quarter exceeded 5.6 billion yuan, an increase of 8.9% year-on-year. Although it was in line with Damo's expectations, it was slightly lower than the company's full-year double-digit growth guide. Damo generally kept its profit forecast unchanged. The investment rating is still “increase in holdings”, with a target price of HK$6.5.
China Unicom's Q1 Profit Jumps 10% as Revenue Rises 2%
China United Network Communications Group's (SHA:600050) attributable profit rose 10% year over year to 7.17 billion yuan in the first quarter, according to a Monday filing with the Shanghai bourse. E
Research and Development | Huatai Securities: Maintaining Unicom's “Buy” Rating Performance and Maintaining Steady Growth
Gelonghui, April 22 | Huatai Securities released a report stating that Unicom's performance has been growing steadily and increasing its scale and value. The company's A-share revenue for the first quarter was 99.496 billion yuan, up 2.3% year-on-year; net profit was 2,447 billion yuan, up 8% year-on-year. The company focused on high-quality development and maintained steady growth in revenue and profit. The bank is optimistic about the company's development in the context of digital China construction. The book value of each share of the company's H shares from 2024 to 2026 is 12.13/12.84/13.62 yuan, respectively. Considering the impact of US Executive Order 13959, H shares will be given 0.61 times 2024
Bank Ratings | Bank of China International: Reiterates China Unicom's “Buy” Rating The Mainland's Telecom Industry Rebounded Healthily in March
Gelonghui, April 22 | Bank of China International published a research report showing that China Unicom's profit for the first quarter increased by 8.9% year-on-year and service revenue by 4.8% year-on-year, reflecting a healthy rebound in the mainland telecommunications industry in March and healthy competition in the service market. The bank believes that the next wave of mobile data traffic growth is likely to be driven by the popularity of artificial intelligence applications in mobile phones, and telecom operators will benefit from data traffic and customized “computing power.” The bank maintained the target price of HK$7.47 and reaffirmed the “buy” rating. According to Bank of China International, Unicom's telecommunications service revenue for the first quarter increased 4.8% year-on-year to 78.6 billion yuan, higher than the Mainland Ministry of Industry and Information Technology for January and/
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