China Unicom Q3 net profit plunges 31.3% to 1.664 billion yuan

Deep News10-29

On October 29, China United Network Communications Limited (ASX: 600050) released an announcement stating that its third-quarter revenue for 2026 reached 93.283 billion yuan, representing a year-on-year increase of 0.5%.

Total profit for the quarter stood at 4.878 billion yuan, down 29.5% compared to the same period last year. Net profit attributable to shareholders of the listed company came in at 1.664 billion yuan, a decline of 31.3% year-on-year. Non-recurring net profit was 1.332 billion yuan, falling 34.8% from a year earlier.

For the first three quarters combined, revenue totaled 294.647 billion yuan, up 0.6% year-on-year. Total profit amounted to 16.102 billion yuan, down 34.6%. Net profit attributable to shareholders of the listed company was 5.803 billion yuan, a decrease of 33.8%. Non-recurring net profit reached 4.866 billion yuan, down 36.2%. Net cash flow from operating activities was 59.686 billion yuan, up 2.3% year-on-year.

Basic earnings per share for the first three quarters were 0.186 yuan, representing a year-on-year decline of 33.8%.

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