China Unicom Achieves a Net Profit of 4.8 Billion in the First Half of 2022

Updated:2022/8/10 16:23

On August 8, China Unicom released its semi-annual report for 2022. According to data, in the first half of this year, China Unicom achieved an operating income of 176.26 billion yuan, a year-on-year increase of 7.4%; net profit attributable to the parent company was 4.786 billion yuan, an increase of 18.7% year-on-year.

In terms of 5G business, in the first half of the year, China Unicom's 5G industry application contract scale reached nearly 4 billion yuan, the cumulative number of 5G industry application projects exceeded 8,000, and the penetration rate of 5G packages increased to 58%, and 5G new call services entered 125 domestic cities for commercial trial.

In the context of exploring new performance growth points, R&D investment increased rapidly, and China Unicom's R&D investment in the first half of the year doubled compared with the same period last year. Moreover, the industrial Internet revenue increased by 31.8% year-on-year, and the revenue of "Unicom Cloud" doubled, showing the effect of the transformation.

He Biao, Senior Vice President of China Unicom, also revealed at the performance briefing on the same day that China Unicom has also made layouts in key directions of 6G technology, such as endogenous intelligence, synaesthesia integration, network service, computing and network integration, network and information security.

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