China Unicom meets targets, advancing stock plan and subsidiary spin-off

China United Network Communications Limited (China Unicom) has announced the achievement of company performance conditions for the second and third unlocking periods of its second restricted stock incentive plan. The board approved the fulfillment of these conditions for the 2023 and 2024 fiscal years, as verified by the board’s Compensation and Assessment Committee. This includes improvements in main business revenue, total profit, net asset yield, and economic value added (EVA), after excluding impacts from national industrial policies.

The company's third-quarter report for 2025 shows solid financial performance, with operating income reaching CNY 292,985,170,740 and total profit at CNY 24,612,794,781 for the first nine months. Net profit attributable to shareholders of the listed company was CNY 8,771,887,626. These results underscore the company's progress in its fusion innovation strategy, enhancing its connectivity scale, and expanding new business elements.

Additionally, the board approved the proposed spin-off and listing of its subsidiary, China Unicom Smart Network Technology Co., Ltd., on the Shenzhen Stock Exchange ChiNext board. The board also reviewed the 2025 third-quarter report, affirming the company's robust operational performance and strategic advancements.