Upcoming Dividend • May 27
Upcoming dividend of CN¥0.13 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (6.9%). In line with average of industry peers (5.9%). Announcement • May 26
China Unicom (Hong Kong) Limited Approves A Final Dividend for the Year Ended 31 December 2025, Payable on 24 June 2026 China Unicom (Hong Kong) Limited at its AGM held on 26 May 2026 approved a final dividend of RMB 0.1329 per share (equivalent to HKD 0.15229 per share) (pre-tax) for the year ended 31 December 2025. The dividend will be paid to shareholders whose names appear on the register of members of the Company on Friday, 5 June 2026. The register of members will be closed on Friday, 5 June 2026. In order to be entitled to the final dividend, shareholders who have not registered the transfer documents are required to deposit the transfer documents together with the relevant share certificates at Computershare Hong Kong Investor Services Limited, at Shops 1712 - 1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong at or before 4:30 p.m. on Thursday, 4 June 2026. The final dividend is expected to be paid on or around 24 June 2026. Reported Earnings • Apr 22
First quarter 2026 earnings released First quarter 2026 results: Revenue: CN¥102.8b (flat on 1Q 2025). Net income: CN¥4.89b (down 18% from 1Q 2025). Profit margin: 4.8% (down from 5.7% in 1Q 2025). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Hong Kong. Announcement • Apr 09
China Unicom (Hong Kong) Limited to Report Q1, 2026 Results on Apr 21, 2026 China Unicom (Hong Kong) Limited announced that they will report Q1, 2026 results on Apr 21, 2026 Declared Dividend • Mar 21
Final dividend of CN¥0.13 announced Shareholders will receive a dividend of CN¥0.13. Ex-date: 3rd June 2026 Payment date: 24th June 2026 Dividend yield will be 6.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 20
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.68 (up from CN¥0.67 in FY 2024). Revenue: CN¥392.2b (flat on FY 2024). Net income: CN¥20.8b (up 1.0% from FY 2024). Profit margin: 5.3% (in line with FY 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Announcement • Mar 19
China Unicom (Hong Kong) Limited, Annual General Meeting, May 26, 2026 China Unicom (Hong Kong) Limited, Annual General Meeting, May 26, 2026. Announcement • Mar 09
China Unicom (Hong Kong) Limited to Report Fiscal Year 2025 Results on Mar 19, 2026 China Unicom (Hong Kong) Limited announced that they will report fiscal year 2025 results on Mar 19, 2026 Reported Earnings • Oct 23
Third quarter 2025 earnings released Third quarter 2025 results: EPS: CN¥0.18. Revenue: CN¥92.8b (flat on 3Q 2024). Net income: CN¥5.52b (up 5.3% from 3Q 2024). Profit margin: 5.9% (up from 5.6% in 3Q 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
China Unicom (Hong Kong) Limited to Report Nine Months, 2025 Results on Oct 22, 2025 China Unicom (Hong Kong) Limited announced that they will report nine months, 2025 results on Oct 22, 2025 Upcoming Dividend • Aug 28
Upcoming dividend of HK$0.31 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 24 September 2025. Payout ratio is a comfortable 63% and the cash payout ratio is 91%. Trailing yield: 4.5%. Lower than top quartile of Hong Kong dividend payers (6.7%). In line with average of industry peers (4.8%). Declared Dividend • Aug 14
First half dividend of HK$0.31 announced Shareholders will receive a dividend of HK$0.31. Ex-date: 2nd September 2025 Payment date: 24th September 2025 Dividend yield will be 4.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.27 in 2Q 2024). Revenue: CN¥96.8b (down 1.0% from 2Q 2024). Net income: CN¥8.56b (up 4.6% from 2Q 2024). Profit margin: 8.8% (up from 8.4% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 31
China Unicom (Hong Kong) Limited to Report First Half, 2025 Results on Aug 12, 2025 China Unicom (Hong Kong) Limited announced that they will report first half, 2025 results on Aug 12, 2025 Announcement • Jun 29
China Unicom (Hong Kong) Limited Announces Executive Changes, with Effect from 27 June 2025 The board of directors of China Unicom (Hong Kong) Limited announces that Mr. Tang Yongbo has been appointed as an Executive Director of the Company and Mr. Miao Shouye and Mr. Zhu Hanwu have been appointed as Senior Vice Presidents of the Company, with effect from 27 June 2025. Mr. Tang Yongbo will not concurrently serve as Senior Vice President of the Company upon appointment as an Executive Director of the Company, due to adjustment in job responsibilities. Mr. Tang Yongbo, aged 51, a postgraduate with a master's degree in Business Administration. Mr. Tang served as Deputy General Manager and General Manager of Hunan Branch of China Unicom, General Manager of Marketing Department of China United Network Communications Group Company Limited, Vice General Manager of China United Network Communications Group Company Limited, Senior Vice President of the Company, Senior Vice President of China United Network Communications Limited, Senior Vice President of China United Network Communications Corporation Limited. He was a Deputy to the 13th National People's Congress. Mr. Tang is currently a Non-Executive Director of China Tower Corporation Limited (listed on the Hong Kong Stock Exchange), a Non-Executive Director of China Communications Services Corporation Limited (listed on the Hong Kong Stock Exchange), a Non-Executive Director of HKT Limited (HKT Trust and HKT Limited are listed on the Hong Kong Stock Exchange) and HKT Management Limited (the trustee manager of the HKT Trust), a Non-Executive Director and the Deputy Chairman of the Board of PCCW Limited (listed on the Hong Kong Stock Exchange with an American Depositary Receipts trading on OTC Markets Group Inc.), a Director of China United Network Communications Group Company Limited, as well as a Director of China United Network Communications Corporation Limited. Mr. Tang has extensive experience in management and the telecommunications industry. Mr. Tang Yongbo has not entered into any service contract with the Company, which provides for a specified length of service. The terms of services do not expressly require the Company to give more than one year's notice period or to make payments equivalent to more than one year's emoluments to terminate the service. Pursuant to the articles of association of the Company, Mr. Tang Yongbo is required to retire and offer for re-election at the first annual general meeting of the Company after his appointment. Mr. Miao Shouye, aged 47, a university graduate with a master's degree in Engineering. Mr. Miao served as Deputy General Manager of Hubei Branch of China Unicom, Deputy Director of 5G Promotion Office of China Unicom, Director of 5G Co-build Co-share Working Group of China United Network Communications Group Company Limited, and General Manager of the Network and Information Security Department of China United Network Communications Group Company Limited. Mr. Miao is currently a Vice President of China United Network Communications Group Company Limited, a Senior Vice President of China United Network Communications Limited, as well as a Director and Senior Vice President of China United Network Communications Corporation Limited. Mr. Miao has extensive experience in management and the telecommunications industry. Mr. Zhu Hanwu, aged 52, a university graduate with a master's degree in Business Administration. Mr. Zhu served as Director and Deputy General Manager of China Mobile Group Guangdong Co. Ltd., Chairman and General Manager of China Mobile Group Hainan Co. Ltd., Chairman and General Manager of China Mobile Group Shandong Co. Ltd. Mr. Zhu is currently a Vice President of China United Network Communications Group Company Limited, a Senior Vice President of China United Network Communications Limited, as well as a Director and Senior Vice President of China United Network Communications Corporation Limited. Mr. Zhu has extensive experience in management and the telecommunications industry. Announcement • May 29
China Unicom (Hong Kong) Limited Approves A Final Ordinary Cash Dividend for the Year Ended 31 December 2024, Payable on 25 June 2025 China Unicom (Hong Kong) Limited at the AGM held on 29 May 2025, approved a final ordinary cash dividend of RMB 0.1562 per share (equivalent to HKD 0.1703 per share) for the year ended 31 December 2024. Ex-dividend date: 04 June 2025 . Latest time to lodge transfer documents for registration with share registrar for determining entitlement to the dividend; 05 June 2025. Record date: 06 June 2025. Payment date; 25 June 2025. Upcoming Dividend • May 28
Upcoming dividend of CN¥0.16 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 60% and the cash payout ratio is 91%. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (4.8%). Reported Earnings • Apr 18
First quarter 2025 earnings released First quarter 2025 results: Revenue: CN¥103.4b (up 3.9% from 1Q 2024). Net income: CN¥5.93b (up 5.6% from 1Q 2024). Profit margin: 5.7% (up from 5.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Hong Kong. Announcement • Apr 07
China Unicom (Hong Kong) Limited to Report Q1, 2025 Results on Apr 17, 2025 China Unicom (Hong Kong) Limited announced that they will report Q1, 2025 results on Apr 17, 2025 Declared Dividend • Mar 20
Final dividend of CN¥0.16 announced Shareholders will receive a dividend of CN¥0.16. Ex-date: 4th June 2025 Payment date: 25th June 2025 Dividend yield will be 4.8%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 19
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: CN¥0.67 (up from CN¥0.61 in FY 2023). Revenue: CN¥389.6b (up 4.6% from FY 2023). Net income: CN¥20.6b (up 10% from FY 2023). Profit margin: 5.3% (up from 5.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 06
China Unicom (Hong Kong) Limited to Report Fiscal Year 2024 Results on Mar 18, 2025 China Unicom (Hong Kong) Limited announced that they will report fiscal year 2024 results on Mar 18, 2025 Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$8.87, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Telecom industry in Hong Kong. Total returns to shareholders of 149% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$13.85 per share. Reported Earnings • Oct 23
Third quarter 2024 earnings released Third quarter 2024 results: EPS: CN¥0.17. Revenue: CN¥92.8b (up 3.3% from 3Q 2023). Net income: CN¥5.24b (up 7.9% from 3Q 2023). Profit margin: 5.6% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 04
China Unicom (Hong Kong) Limited Appoints Hao Liqian as Senior Vice President China Unicom (Hong Kong) Limited announced that Mr. Hao Liqian, has been appointed as a Senior Vice President of the Company with effect from 4 September 2024. Mr. Hao Liqian, aged 53, a postgraduate with a master's degree in Business Administration. Mr. Hao served as General Manager of Jinan Municipal Branch of China Unicom, General Manager of Hainan Branch of China Unicom, General Manager of Hebei Branch of China Unicom, and General Manager of Guangdong Branch of China Unicom. Mr. Hao is currently a Vice General Manager of China United Network Communications Group Company Limited, a Senior Vice President of China United Network Communications Limited, as well as a Director and Senior Vice President of China United Network Communications Corporation Limited. Mr. Hao has extensive experience in management and the telecommunications industry. Upcoming Dividend • Aug 31
Upcoming dividend of HK$0.27 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Hong Kong dividend payers (8.3%). In line with average of industry peers (5.6%). Declared Dividend • Aug 17
First half dividend of HK$0.27 announced Shareholders will receive a dividend of HK$0.27. Ex-date: 4th September 2024 Payment date: 25th September 2024 Dividend yield will be 6.5%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.24 in 2Q 2023). Revenue: CN¥97.8b (up 3.4% from 2Q 2023). Net income: CN¥8.18b (up 13% from 2Q 2023). Profit margin: 8.4% (up from 7.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Announcement • Aug 15
China Unicom (Hong Kong) Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 25 September 2024 China Unicom (Hong Kong) Limited announced the Interim Dividend of RMB 0.2481 per share or HKD 0.27043 per share for the Six Months Ended 30 June 2024, payable on 25 September 2024. Ex-dividend date is on 04 September 2024 with Record date is on 06 September 2024. Announcement • Aug 05
China Unicom (Hong Kong) Limited to Report Q2, 2024 Results on Aug 15, 2024 China Unicom (Hong Kong) Limited announced that they will report Q2, 2024 results on Aug 15, 2024 Announcement • May 30
China Unicom (Hong Kong) Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on or Around 26 June 2024 China Unicom (Hong Kong) Limited at the AGM held on May 30, 2024, the shareholders approved to declare a final dividend of RMB 0.1336 per share (equivalent to HKD 0.14668 per share) (pre-tax) for the year ended 31 December 2023. The dividend will be paid to shareholders whose names appear on the register of members of the Company on 7 June 2024. The register of members will be closed on 7 June 2024. In order to be entitled to the final dividend, shareholders who have not registered the transfer documents are required to deposit the transfer documents together with the relevant share certificates at Hong Kong Registrars Limited, at Shops 1712 - 1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong at or before 4:30 p.m. on 6 June 2024. The final dividend is expected to be paid on or around 26 June 2024. Upcoming Dividend • May 29
Upcoming dividend of CN¥0.13 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 5.7%. Lower than top quartile of Hong Kong dividend payers (7.5%). In line with average of industry peers (5.8%). Announcement • May 24
China Unicom (Hong Kong) Limited Announces Resignation of Liang Baojun as Senior Vice President The board of directors of China Unicom (Hong Kong) Limited announced that Mr. Liang Baojun has resigned from his position as a Senior Vice President of the Company with effect from 23 May 2024, due to change in work arrangement. During Mr. Liang Baojun's tenure of service in the Company, he has endeavored to perform his duties responsibly and diligently. Reported Earnings • Apr 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: CN¥99.5b (up 2.3% from 1Q 2023). Net income: CN¥5.61b (up 8.9% from 1Q 2023). Profit margin: 5.6% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Telecom industry in Hong Kong. Announcement • Apr 03
China Unicom (Hong Kong) Limited Announces Resignation of He Biao as Senior Vice President The board of directors of China Unicom (Hong Kong) Limited announced that Mr. He Biao has resigned from his position as a Senior Vice President of the Company with effect from 1 April 2024, due to change in work arrangement. During Mr. He Biao's tenure of service in the Company, he has endeavored to perform his duties responsibly and diligently. The Board would like to express its high praise and sincere gratitude to Mr. He Biao for his contributions. Declared Dividend • Mar 21
Final dividend of CN¥0.13 announced Shareholders will receive a dividend of CN¥0.13. Ex-date: 5th June 2024 Payment date: 26th June 2024 Dividend yield will be 6.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 20
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: CN¥0.61 (up from CN¥0.55 in FY 2022). Revenue: CN¥372.6b (up 5.0% from FY 2022). Net income: CN¥18.7b (up 12% from FY 2022). Profit margin: 5.0% (up from 4.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Announcement • Mar 07
China Unicom (Hong Kong) Limited to Report Fiscal Year 2023 Results on Mar 19, 2024 China Unicom (Hong Kong) Limited announced that they will report fiscal year 2023 results on Mar 19, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.16. Revenue: CN¥89.9b (up 2.4% from 3Q 2022). Net income: CN¥4.86b (up 3.1% from 3Q 2022). Profit margin: 5.4% (in line with 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 12
China Unicom (Hong Kong) Limited to Report Nine Months, 2023 Results on Oct 24, 2023 China Unicom (Hong Kong) Limited announced that they will report nine months, 2023 results on Oct 24, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.21 in 2Q 2022). Revenue: CN¥94.6b (up 8.5% from 2Q 2022). Net income: CN¥7.24b (up 14% from 2Q 2022). Profit margin: 7.6% (up from 7.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Aug 28
Upcoming dividend of HK$0.22 per share at 6.2% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 25 September 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (6.5%). Announcement • Aug 10
China Unicom (Hong Kong) Limited Declares Interim Dividend for the Year Ending 31 December 2023, Payable on 25 September 2023 China Unicom (Hong Kong) Limited declared Interim Dividend of RMB 0.203 per share for the Year Ending 31 December 2023. Ex-dividend date 04 September 2023, Record date 06 September 2023 and Payment date 25 September 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.21 in 2Q 2022). Revenue: CN¥94.6b (up 8.5% from 2Q 2022). Net income: CN¥7.24b (up 14% from 2Q 2022). Profit margin: 7.6% (up from 7.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Telecom industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 20
China Unicom (Hong Kong) Limited Approves Final Dividend for the Year Ended 31 December 2022, Payable on 15 June 2023 China Unicom (Hong Kong) Limited approved final dividend of RMB 0.109 per share for the year ended 31 December 2022, Date of shareholders' approval is 19 May 2023; Ex-dividend date is 23 May 2023; Record date is 25 May 2023; Payment date is 15 June 2023. Upcoming Dividend • May 16
Upcoming dividend of CN¥0.11 per share at 5.0% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Hong Kong dividend payers (7.5%). In line with average of industry peers (5.2%). Executive Departure • Jun 22
CFO & Executive Director Kebing Zhu has left the company During their tenure, earnings grew by 32% annually compared to the industry average of 2.1%. On the 18th of June, Kebing Zhu left the company after 2.8 in the role. We don't have any record of a personal shareholding under Kebing's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Jun 16
Executive Director Fushen Li has left the company On the 11th of June, Fushen Li's tenure as Executive Director ended. We don't have any record of a personal shareholding under Fushen's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Upcoming Dividend • May 13
Upcoming dividend of CN¥0.16 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 16 June 2021. Trailing yield: 4.4%. Lower than top quartile of Hong Kong dividend payers (6.0%). In line with average of industry peers (4.5%). Executive Departure • May 01
Senior VP & Executive Director has left the company On the 28th of April, Yunjun Fan's tenure as Senior VP & Executive Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Yunjun's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 11
Full year 2020 earnings released: EPS CN¥0.41 (vs CN¥0.37 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥303.8b (up 4.6% from FY 2019). Net income: CN¥12.5b (up 10% from FY 2019). Profit margin: 4.1% (up from 3.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. 
