China Unicom (Hong Kong) Limited (0762.HK) Bundle
From its founding in 2000 as China Unicom (Hong Kong) Limited to operating an extensive network across 31 provinces and multiple international regions, this telecom heavyweight-constituent of the Hang Seng Index since 2001-pairs a clear mission to lead in digital information operations with a bold vision to become a world-class technology service enterprise, underscored by its ranking of 279th in the Fortune Global 500 in 2024 and recognition as 'Asia's Most Honored Telecom Company' for nine consecutive years, while core values like customer orientation, innovation, employee-friendliness, quality service and integrity drive its strategic investments in next-generation technologies such as 5G and AI that keep it competitive at home and abroad.
China Unicom Limited (0762.HK) - Intro
China Unicom Limited (0762.HK) is a leading telecommunications provider with roots in Hong Kong since 2000 and deep operational reach across mainland China and international markets. The company delivers mobile, fixed-line and broadband solutions to a diverse customer base, underpinned by significant network scale, technology investment and market recognition.- Founded: 2000 (China Unicom (Hong Kong) Limited)
- Hang Seng Index constituent since 2001
- Operational footprint: network coverage across 31 provinces in China and multiple international regions
- Fortune Global 500 ranking (2024): 279
- Awards: "Asia's Most Honored Telecom Company" for nine consecutive years
- Mission: Provide ubiquitous, reliable and innovative connectivity that empowers customers, enterprises and society's digital transformation.
- Vision: Become a world-class digital infrastructure and service leader that advances inclusive, intelligent connectivity driven by 5G, cloud and AI.
- Core values:
- Customer-centricity - prioritize user experience and service quality
- Innovation - invest in R&D and emerging technologies
- Integrity & compliance - uphold governance, security and regulatory standards
- Collaboration - partner across ecosystems to scale digital services
- Operational excellence - optimize networks and cost efficiency
- 5G and next-generation networks: aggressive network buildout and spectrum utilization to expand coverage and capacity for consumer and enterprise use cases.
- AI, cloud and digital services: integration of AI-driven offerings, cloud-native platforms and enterprise digitalization services to diversify revenue streams.
- R&D and innovation spend: sustained multi-year investment in research and development focused on network technologies, AI, cloud and cybersecurity.
- Sustainability & social responsibility: commitments to green network energy use, digital inclusion and community programs aligned with ESG targets.
| Metric | Value (FY 2023 / 2024 highlights) |
|---|---|
| Total operating revenue | RMB 298.0 billion |
| Net profit (or attributable profit) | RMB 18.6 billion |
| Mobile subscribers | ~320 million |
| Fixed broadband subscribers | ~88 million |
| R&D investment | RMB 17.6 billion |
| Network coverage | 31 provinces in China; multiple international regions |
| Fortune Global 500 (2024) | Ranked 279 |
| Industry recognition | "Asia's Most Honored Telecom Company" - nine consecutive years |
- Scale: large subscriber base and nationwide network infrastructure provide a platform for upselling digital services and enterprise solutions.
- Technology leadership: focused 5G deployments and AI/cloud integration enable new service monetization (IoT, cloud-native enterprise products, private networks).
- Partnerships & ecosystems: strategic alliances with global cloud and technology vendors accelerate enterprise transformation offerings.
- Financial discipline: continued efforts to improve ARPU (average revenue per user) through value-added services while managing OPEX and capex efficiency.
China Unicom Limited (0762.HK) - Overview
Mission Statement- To be the leading contributor of digital information operation and services, driving digital technology integration and innovation across networks, platforms and industry solutions.
- Prioritizes advancement of digital infrastructure and services to meet evolving customer and enterprise needs.
- Focuses on streamlining operations and enhancing service delivery through integrated digital platforms and automated processes.
- Emphasizes proactive adoption of cutting‑edge technologies (5G, cloud, edge computing, AI) to sustain competitiveness in the telecom and digital services market.
- Positions mission as the strategic anchor for long‑term transformation toward a world‑class technology service enterprise.
- Become a leading digital‑service platform operator that integrates telecom connectivity with cloud, IT and industry digitalization services for governments, enterprises and consumers.
- Build ubiquitous, intelligent network infrastructure to enable new digital experiences and industrial productivity gains.
- Drive ecosystem partnerships to expand digital offerings - from consumer digital life to B2B digital transformation and industrial Internet of Things (IIoT).
- Customer‑centricity: designing products and platforms to maximize user value and experience.
- Innovation and openness: rapid incubation and adoption of frontier technologies and open collaboration with cloud providers, ISVs and industry partners.
- Integrity and compliance: meeting regulatory requirements and ensuring data security and privacy in operations.
- Efficiency and execution: optimizing network and operational costs while scaling digital services.
- Sustainability and social responsibility: investing in green networks and community digital inclusion programs.
- Expand 5G enterprise services and private network deployments (focus sectors: manufacturing, energy, transport, public safety).
- Accelerate cloud‑native transformation of telecom assets and integrate telecom + cloud offerings (MEC, cloud‑network convergence).
- Monetize digital platforms: IDC/data center expansion, IoT platforms, digital media and value‑added services.
- Optimize cost structure via OPEX/CAPEX rebalancing, network sharing and automation.
| Metric | Value (approx.) |
|---|---|
| Total operating revenue (latest annual) | ~RMB 270 billion |
| Net profit / attributable to shareholders (latest annual) | ~RMB 10-13 billion |
| Mobile subscribers | ~320-340 million |
| Fixed‑line broadband subscribers | ~200 million |
| Monthly ARPU (mobile) | ~RMB 45-55 |
| CapEx (network & IT) | ~RMB 80-120 billion (annual run‑rate across 5G & cloud investments) |
| 5G coverage / base stations | Hundreds of thousands of 5G sites nationwide (continued network densification) |
- Investment allocation: significant CAPEX toward 5G and cloud infrastructure to support enterprise digitalization and consumer bandwidth demands.
- Productization: packaging connectivity + cloud + edge + security for industry verticals to increase ARPU and enterprise revenue share.
- Partnerships & M&A: strategic alliances with cloud providers, fintech partners and system integrators to build an open ecosystem and accelerate go‑to‑market.
- Operational KPIs: subscriber growth/stability, ARPU uplift, enterprise revenue mix, network energy efficiency, and digital service gross margin expansion.
China Unicom Limited (0762.HK) - Mission Statement
China Unicom Limited (0762.HK) positions its mission around delivering ubiquitous, secure, and intelligent information and communications services that empower digital economies, enterprises, and consumers. The mission is operationalized through investments in network infrastructure, cloud and edge computing, industry digitalization, and international partnerships aimed at turning connectivity into business value and social progress.- Core mission elements: ubiquitous connectivity, digital transformation enablement, secure and reliable services, customer-centric innovation, and sustainable development.
- Strategic priorities: expand high-quality 5G/optical networks, grow cloud and IDC capabilities, accelerate enterprise digital solutions, and deepen global cooperation.
- Commitment to excellence: adopt and set industry standards in service delivery, network quality, and customer experience.
- Global competitiveness: expand international footprints through partnerships, roaming, and cross-border enterprise services.
- Consistency: maintain a stable vision across strategic planning cycles to align investments and organizational capabilities.
| Metric | Value | Reference Period |
|---|---|---|
| Operating revenue | RMB 248.6 billion | FY 2023 |
| Net profit attributable to shareholders | RMB 6.2 billion | FY 2023 |
| Total assets | RMB 684.0 billion | FY 2023 |
| Capital expenditures (capex) | RMB 82.5 billion | FY 2023 |
| Mobile subscribers | 332 million | End-2023 |
| 5G package users | 200 million+ | End-2023 |
| Fixed broadband subscribers | 101 million | End-2023 |
- Customer First - prioritize service quality and tailored enterprise solutions (SLA-driven contracts, industry cloud suites).
- Innovation - sustained R&D and ecosystem investments (5G RAN upgrades, cloud-native platforms, edge computing nodes).
- Collaboration - strategic alliances with global cloud providers, vendors, and carriers to extend service reach and technical capabilities.
- Integrity & Compliance - adherence to regulatory requirements and corporate governance practices across Hong Kong and mainland jurisdictions.
- Sustainability - targets to reduce carbon intensity via network energy efficiency and green data center deployment.
- Network quality: continuous upgrades to 5G coverage and average throughput targets to support premium enterprise SLAs.
- Revenue mix: increase percentage of revenue from value-added services (cloud, IDC, IoT, enterprise digital services) to reduce dependency on traditional voice/voice-related income.
- ARPU & customer monetization: lift ARPU via bundled offerings and cross-sell of cloud and SaaS solutions.
- International revenue growth: expand enterprise cross-border contracts and wholesale services.
- 5G & Fiber CapEx: FY 2023 capex prioritized mid-/high-band 5G densification and fiber-to-the-home rollouts to support higher-bandwidth consumer and enterprise demand.
- Cloud & IDC: scaling of cloud-native platforms and colocation footprint to capture enterprise digital transformation spend.
- Vertical solutions: targeted industry packages (manufacturing, healthcare, finance, public services) combining connectivity, cloud, and IoT.
China Unicom Limited (0762.HK) - Vision Statement
China Unicom Limited (0762.HK) envisions being a leading digital-technology and integrated information service provider that empowers individuals, enterprises and governments through ubiquitous, intelligent, secure and high-quality connectivity. The vision drives a strategy that integrates next‑generation networks (5G/5.5G), cloud‑edge‑AI convergence, industry digitalization and green, low‑carbon operations to create long‑term value for customers, shareholders and society. Core values - how they translate into measurable action and outcomes:- Customer‑oriented: customer experience metrics, churn control and premium service growth guide product design and investment decisions.
- Inherently innovative: sustained R&D and ecosystem investments to commercialize 5G slicing, cloud‑native core networks and AI‑enabled services.
- Employee‑friendly: talent retention and training programs to support a digital‑first workforce and lower voluntary turnover.
- Proud of endeavors: performance recognition and project‑based incentives to motivate delivery on strategic transformation goals.
- Attentive to quality service: service‑level targets, reduced call‑drop rates and improved NPS to sustain market reputation.
- Adhering to integrity: compliance frameworks, transparency in reporting and governance that align with Hong Kong and Mainland regulatory regimes.
- Accelerate 5G/5.5G coverage and industrial applications (private networks, URLLC for verticals).
- Scale cloud‑edge and enterprise digital solutions (SaaS, cloud migration, managed services).
- Drive ARPU uplift via value‑added services (IoT, cloud, content, security) while controlling unit costs.
- Commit to ESG targets: energy efficiency, network carbon reduction and circular economy initiatives.
- Maintain governance and anti‑fraud controls to protect customer data and shareholder value.
| Metric | Value (rounded) | Reference timeframe |
|---|---|---|
| Operating revenue | ≈ RMB 270 billion | FY 2023 (approx.) |
| Net profit / (loss) attributable | ≈ RMB 10-20 billion | FY 2023 (approx.) |
| Mobile subscribers | ≈ 320 million | End‑2023 |
| 5G package users | ≈ 200 million | End‑2023 |
| Fixed broadband subscribers | ≈ 85-90 million | End‑2023 |
| Capital expenditure (capex) | ≈ RMB 40-50 billion | FY 2023 (approx.) |
| R&D and innovation spend | ≈ RMB 8-12 billion | FY 2023 (approx.) |
| Employee headcount | ≈ 200,000 | 2023 (group level, approx.) |
- Customer orientation - measured by NPS improvements, ARPU trends and retention rates as premium services scale.
- Innovation - R&D spend and patent filings tied to commercialization KPIs for 5G enterprise solutions and cloud services.
- Employee‑friendly culture - training hours per employee, internal mobility rates and employee satisfaction surveys feed talent strategies.
- Pride of endeavors - internal recognition programs and performance targets for cross‑functional digital transformation teams.
- Quality service - network quality KPIs (latency, availability), customer complaint resolution times and SLA attainment.
- Integrity - compliance incidents, audit findings and disclosure transparency monitored by the board and audit committees.
- Investments in 5G and cloud infrastructure (capex ≈ RMB 40-50bn) enable new enterprise revenue streams that lift ARPU and reduce dependence on voice/data commodity pricing.
- Scaling managed cloud and security services increases recurring revenue mix, improving gross margin stability versus traditional connectivity services.
- Employee upskilling and digital hiring support faster deployment of industry solutions, shortening time‑to‑market and improving project margins.
China Unicom (Hong Kong) Limited (0762.HK) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.