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China Unicom: By 2025, operating revenue will be 392.2 billion RMB, and pre-tax profit will be 25.5 billion RMB.
China Unicom announces that by 2025, operating revenue will reach 392.2 billion RMB, with a pre-tax profit of 25.5 billion RMB. Free cash flow is 36 billion RMB, a year-on-year increase of 28.5%. The total capital expenditure for the year is 54.2 billion RMB, with capital expenditure as a percentage of service revenue decreasing to 16%. Capital expenditure in 2026 is expected to be around 50 billion RMB, with more than 35% allocated to computing power investments. The board recommends a final dividend of 0.1329 RMB per share (tax included), combined with the interim dividend of 0.2841 RMB per share (tax included) already paid, making the total annual dividend 0.417 RMB per share (tax included), an increase of 3.1% year-on-year, with the payout ratio rising to 61.3%.