China Unicom net profit drops 33.6 per cent in first three quarters of 2026
China Unicom reported a 33.6 per cent year-on-year drop in net profit to 13.28 billion yuan for the first three quarters of 2026, despite a slight revenue increase. Computing power revenue grew 12.2 per cent, while international business revenue rose 14.5 per cent.
China Unicom (0762) saw its net profit fall 33.6 per cent year-on-year to 13.28 billion yuan (HK$15.62 billion) in the first three quarters of 2026, according to an exchange filing released on Thursday. The decline came despite a modest increase in revenue.
Revenue inched up 0.57 per cent to 294.65 billion yuan, although service revenue edged down 0.28 per cent to 260.89 billion yuan, the filing showed.
Computing power demonstrated strong growth momentum, with computing power revenue rising 12.2 per cent. Within that category, Internet Data Center revenue increased 10.4 per cent, the company said. China Unicom added that it has enhanced its end-to-end capabilities across the generation, storage, transmission, cleansing, and application of tokens, acting as an operator of high-value tokens to accelerate the scale adoption of artificial intelligence.
Internationalisation also accelerated, with international business revenue growing by 14.5 per cent during the period.
Compared with the second quarter, the number of major institutional and industry customers served by Unicom Cloud reached about 562,000 in the third quarter. Paying users for Cloud-AI products stood at 123.5 million, up 6 per cent quarter on quarter.
The total number of connectivity subscribers for China Telecom edged up 1.69 per cent to 1.33 billion as of 30 September. Among them, 5G network customers rose 2.86 per cent to 255.63 million.