Announcement • Apr 30
China United Network Communications Limited, Annual General Meeting, May 25, 2026 China United Network Communications Limited, Annual General Meeting, May 25, 2026, at 09:00 China Standard Time. Reported Earnings • Apr 22
First quarter 2026 earnings released: EPS: CN¥0.068 (vs CN¥0.083 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.068 (down from CN¥0.083 in 1Q 2025). Revenue: CN¥102.8b (flat on 1Q 2025). Net income: CN¥2.14b (down 18% from 1Q 2025). Profit margin: 2.1% (down from 2.5% in 1Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 16
Price target decreased by 7.7% to CN¥5.12 Down from CN¥5.55, the current price target is an average from 7 analysts. New target price is 11% above last closing price of CN¥4.60. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.29 last year. Announcement • Mar 30
China United Network Communications Limited to Report Q1, 2026 Results on Apr 22, 2026 China United Network Communications Limited announced that they will report Q1, 2026 results on Apr 22, 2026 Major Estimate Revision • Mar 26
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥410.9b to CN¥389.7b. EPS estimate also fell from CN¥0.322 per share to CN¥0.27 per share. Net income forecast to grow 12% next year vs 9.5% growth forecast for Wireless Telecom industry in China. Consensus price target down from CN¥5.55 to CN¥5.04. Share price fell 9.5% to CN¥4.49 over the past week. Price Target Changed • Mar 25
Price target decreased by 9.2% to CN¥5.04 Down from CN¥5.55, the current price target is an average from 6 analysts. New target price is 11% above last closing price of CN¥4.55. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.27 for next year compared to CN¥0.29 last year. Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.29 (in line with FY 2024). Revenue: CN¥392.2b (flat on FY 2024). Net income: CN¥8.99b (up 1.1% from FY 2024). Profit margin: 2.3% (in line with FY 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 30
Price target decreased by 9.2% to CN¥5.67 Down from CN¥6.24, the current price target is an average from 7 analysts. New target price is 11% above last closing price of CN¥5.11. Stock is up 4.5% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.29 last year. Announcement • Dec 26
China United Network Communications Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 China United Network Communications Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.078 (vs CN¥0.075 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.078 (up from CN¥0.075 in 3Q 2024). Revenue: CN¥92.8b (flat on 3Q 2024). Net income: CN¥2.52b (up 2.5% from 3Q 2024). Profit margin: 2.7% (up from 2.6% in 3Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Oct 19
First half dividend increased to CN¥0.11 Dividend of CN¥0.11 is 16% higher than last year. Ex-date: 24th October 2025 Payment date: 24th October 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 30
China United Network Communications Limited to Report Q3, 2025 Results on Oct 23, 2025 China United Network Communications Limited announced that they will report Q3, 2025 results on Oct 23, 2025 Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.12 in 2Q 2024). Revenue: CN¥96.8b (down 1.0% from 2Q 2024). Net income: CN¥3.65b (up 6.2% from 2Q 2024). Profit margin: 3.8% (up from 3.5% in 2Q 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. 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 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 30
China United Network Communications Limited to Report First Half, 2025 Results on Aug 13, 2025 China United Network Communications Limited announced that they will report first half, 2025 results on Aug 13, 2025 Price Target Changed • Jun 03
Price target increased by 7.4% to CN¥6.16 Up from CN¥5.73, the current price target is an average from 8 analysts. New target price is 16% above last closing price of CN¥5.33. Stock is up 16% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.29 last year. Announcement • May 06
China United Network Communications Limited, Annual General Meeting, May 27, 2025 China United Network Communications Limited, Annual General Meeting, May 27, 2025, at 09:00 China Standard Time. Location: No. 21, Jinrong Avenue, Xicheng District, Beijing China Reported Earnings • Apr 18
First quarter 2025 earnings released: EPS: CN¥0.083 (vs CN¥0.078 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.083 (up from CN¥0.078 in 1Q 2024). Revenue: CN¥103.4b (up 3.9% from 1Q 2024). Net income: CN¥2.61b (up 6.5% from 1Q 2024). Profit margin: 2.5% (in line with 1Q 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. 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 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 28
China United Network Communications Limited to Report Q1, 2025 Results on Apr 18, 2025 China United Network Communications Limited announced that they will report Q1, 2025 results on Apr 18, 2025 New Risk • Mar 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Mar 20
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.29 (up from CN¥0.26 in FY 2023). Revenue: CN¥389.6b (up 4.6% from FY 2023). Net income: CN¥9.03b (up 13% from FY 2023). Profit margin: 2.3% (up from 2.1% in FY 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 2.9%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. 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 17% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to CN¥6.53. The fair value is estimated to be CN¥5.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to CN¥6.51. The fair value is estimated to be CN¥5.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Announcement • Dec 27
China United Network Communications Limited to Report Fiscal Year 2024 Results on Mar 19, 2025 China United Network Communications Limited announced that they will report fiscal year 2024 results on Mar 19, 2025 Price Target Changed • Oct 26
Price target increased by 14% to CN¥5.26 Up from CN¥4.61, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of CN¥5.06. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.26 last year. Reported Earnings • Oct 24
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: EPS: CN¥0.075 (up from CN¥0.069 in 3Q 2023). Revenue: CN¥92.8b (up 3.3% from 3Q 2023). Net income: CN¥2.45b (up 7.9% from 3Q 2023). Profit margin: 2.6% (in line with 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Major Estimate Revision • Oct 23
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.285 to CN¥0.234 per share. Revenue forecast steady at CN¥390.3b. Net income forecast to grow 1.5% next year vs 13% growth forecast for Wireless Telecom industry in China. Consensus price target broadly unchanged at CN¥4.61. Share price was steady at CN¥5.14 over the past week. Announcement • Sep 30
China United Network Communications Limited to Report Q3, 2024 Results on Oct 23, 2024 China United Network Communications Limited announced that they will report Q3, 2024 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥5.35, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Wireless Telecom industry in Asia. Total returns to shareholders of 41% over the past three years. Reported Earnings • Aug 18
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.10 in 2Q 2023). Revenue: CN¥97.8b (up 3.4% from 2Q 2023). Net income: CN¥3.59b (up 18% from 2Q 2023). Profit margin: 3.7% (up from 3.2% 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 1.6%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 15
Dividend increased to CN¥0.052 Dividend of CN¥0.052 is 23% higher than last year. Ex-date: 19th July 2024 Payment date: 19th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
China United Network Communications Limited to Report First Half, 2024 Results on Aug 16, 2024 China United Network Communications Limited announced that they will report first half, 2024 results on Aug 16, 2024 Announcement • May 09
China United Network Communications Limited, Annual General Meeting, May 28, 2024 China United Network Communications Limited, Annual General Meeting, May 28, 2024, at 09:00 China Standard Time. Location: No. 21, Jinrong Avenue, Xicheng District, Beijing China Reported Earnings • Apr 20
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.078 (up from CN¥0.071 in 1Q 2023). Revenue: CN¥99.5b (up 2.3% from 1Q 2023). Net income: CN¥2.45b (up 8.0% from 1Q 2023). Profit margin: 2.5% (up from 2.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
China United Network Communications Limited to Report Q1, 2024 Results on Apr 30, 2024 China United Network Communications Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.23 in FY 2022) Full year 2023 results: EPS: CN¥0.26. Revenue: CN¥3.73b (down 99% from FY 2022). Net income: CN¥82.0m (down 99% from FY 2022). Profit margin: 2.2% (up from 2.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Asia. Price Target Changed • Jan 26
Price target increased by 7.2% to CN¥5.31 Up from CN¥4.95, the current price target is an average from 9 analysts. New target price is 17% above last closing price of CN¥4.55. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.23 last year. Announcement • Dec 30
China United Network Communications Limited to Report Fiscal Year 2023 Results on Mar 20, 2024 China United Network Communications Limited announced that they will report fiscal year 2023 results on Mar 20, 2024 New Risk • Nov 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2023 results: EPS: CN¥0.069 (up from CN¥0.067 in 3Q 2022). Revenue: CN¥89.9b (up 2.4% from 3Q 2022). Net income: CN¥2.28b (up 11% from 3Q 2022). Profit margin: 2.5% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 11
Price target increased by 7.5% to CN¥4.91 Up from CN¥4.57, the current price target is an average from 8 analysts. New target price is 6.7% below last closing price of CN¥5.26. Stock is up 47% over the past year. The company is forecast to post earnings per share of CN¥0.27 for next year compared to CN¥0.23 last year. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.091 in 2Q 2022). Revenue: CN¥94.6b (up 8.4% from 2Q 2022). Net income: CN¥3.18b (up 15% from 2Q 2022). Profit margin: 3.4% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • Mar 10
Price target increased by 11% to CN¥4.10 Up from CN¥3.70, the current price target is an average from 8 analysts. New target price is 29% below last closing price of CN¥5.74. Stock is up 56% over the past year. The company is forecast to post earnings per share of CN¥0.27 for next year compared to CN¥0.23 last year. Reported Earnings • Mar 09
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥0.23 (up from CN¥0.21 in FY 2021). Revenue: CN¥354.9b (up 8.3% from FY 2021). Net income: CN¥7.30b (up 17% from FY 2021). Profit margin: 2.1% (up from 1.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.07, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Wireless Telecom industry in Asia. Total returns to shareholders of 14% over the past three years. Price Target Changed • Dec 20
Price target increased to CN¥3.34 Up from CN¥3.09, the current price target is an average from 8 analysts. New target price is 26% below last closing price of CN¥4.52. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year. Price Target Changed • Dec 15
Price target increased to CN¥3.34 Up from CN¥3.09, the current price target is an average from 8 analysts. New target price is 30% below last closing price of CN¥4.79. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥4.41, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Wireless Telecom industry in Asia. Total loss to shareholders of 15% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Yunhu Gao was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.054 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.067 (up from CN¥0.054 in 3Q 2021). Revenue: CN¥87.7b (up 9.2% from 3Q 2021). Net income: CN¥2.05b (up 22% from 3Q 2021). Profit margin: 2.3% (up from 2.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 10
Price target increased to CN¥3.18 Up from CN¥2.73, the current price target is an average from 10 analysts. New target price is 12% below last closing price of CN¥3.60. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: CN¥0.091 (vs CN¥0.076 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.091 (up from CN¥0.076 in 2Q 2021). Revenue: CN¥87.2b (up 6.5% from 2Q 2021). Net income: CN¥2.76b (up 19% from 2Q 2021). Profit margin: 3.2% (up from 2.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.6%, compared to a 5.5% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CN¥0.067 (up from CN¥0.055 in 1Q 2021). Revenue: CN¥89.0b (up 8.2% from 1Q 2021). Net income: CN¥2.03b (up 20% from 1Q 2021). Profit margin: 2.3% (up from 2.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 6.0%, compared to a 6.2% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Director Shan Lu is the most experienced director on the board, commencing their role in 2018. Independent Director Xiao Gen Wu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.21 (up from CN¥0.18 in FY 2020). Revenue: CN¥327.9b (up 7.9% from FY 2020). Net income: CN¥6.31b (up 16% from FY 2020). Profit margin: 1.9% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 6.2%, compared to a 5.8% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 09
Price target decreased to CN¥3.84 Down from CN¥4.22, the current price target is an average from 12 analysts. New target price is 5.2% below last closing price of CN¥4.05. Stock is down 1.0% over the past year. The company is forecast to post earnings per share of CN¥0.21 for next year compared to CN¥0.18 last year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.054 (vs CN¥0.046 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥80.3b (up 7.1% from 3Q 2020). Net income: CN¥1.67b (up 16% from 3Q 2020). Profit margin: 2.1% (up from 1.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.076 (vs CN¥0.063 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥81.9b (up 7.0% from 2Q 2020). Net income: CN¥2.34b (up 20% from 2Q 2020). Profit margin: 2.9% (up from 2.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS CN¥0.055 (vs CN¥0.045 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥82.3b (up 11% from 1Q 2020). Net income: CN¥1.69b (up 21% from 1Q 2020). Profit margin: 2.1% (up from 1.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Major Estimate Revision • Mar 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥0.23 to CN¥0.20 per share. Revenue forecast steady at CN¥319.7b. Net income forecast to grow 17% next year vs 7.8% growth forecast for Wireless Telecom industry in China. Consensus price target down from CN¥4.97 to CN¥4.37. Share price was steady at CN¥4.49 over the past week. Price Target Changed • Mar 18
Price target decreased to CN¥4.37 Down from CN¥4.97, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of CN¥4.49. Stock is down 13% over the past year. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.16 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥303.8b (up 4.6% from FY 2019). Net income: CN¥5.43b (up 12% from FY 2019). Profit margin: 1.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.8%. Earnings per share (EPS) missed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 5.4% while theWireless Telecom industry in China is not expected to grow. Announcement • Mar 12
TVU Networks and China Unicom Announces Collaboration to Expand the UHD Media Applications Possible with 5G Networks TVU Networks and China Unicom are collaborating to expand the UHD media applications possible with 5G networks. TVU Networks is advancing solutions that support China Unicom's 5G millimeter-wave (mmWave) technology for communications services. As part of the partnership, TVU Networks is focused on the development of technology for collection, transmission, distribution, and management of 4K and 8K ultra-high-definition video using 5G networks. Advantages to the 5G mmWave band include increased bandwidth, reduced latency and flexible configuration, which enable the capacity and transmission of future mobile application scenarios such as 4K, 8K and immersive AR/VR. The radio frequency utilized for 5G mmWave is far less congested than the frequency spectrum used by most TV and radio signals, which increases the bandwidth available. China Unicom's 5G mmWave technology will be deployed over 5G networks during the 2022 Winter Olympics in Beijing, where the Chinese telecommunications operator will be the exclusive mobile service provider. TVU Networks was one of a handful of invited companies that participated in a demonstration inside the China Unicom booth during the Mobile World Congress (MWC) exhibition in Shanghai. The demonstration showcased the live transmission capabilities of 5G mmWave technology. With the theme "5G Millimeter Wave Makes Snow Sports More Wonderful," TVU created a 5G-based private network in the cloud at the China Unicom booth with two, portable TVU 5G Rack Routers. TVU was able to transmit live, high bitrate 8K UHD video over 5G within the booth. The real-time 8K video followed athletes in training for the games and was an example of the type of live 8K and AR/VR mobile coverage viewers may see during the 2022 Winter Olympics. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥4.24 The company is down 11% from its price of CN¥4.77 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥33.34 per share. Announcement • Jan 21
China United Network Communications Limited to Report Fiscal Year 2020 Results on Mar 12, 2021 China United Network Communications Limited announced that they will report fiscal year 2020 results on Mar 12, 2021 Announcement • Jan 08
China United Network Communications Limited(XSSC:600050) dropped from FTSE All-World Index (USD) China United Network Communications Limited(XSSC:600050) dropped from FTSE All-World Index (USD) Is New 90 Day High Low • Jan 04
New 90-day low: CN¥4.33 The company is down 11% from its price of CN¥4.85 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥33.34 per share. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥4.70 The company is down 7.0% from its price of CN¥5.03 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥24.64 per share. Announcement • Nov 20
Shenzhen uCloudlink Network Technology Co., Ltd. Announces Framework Agreement for Strategic Partnership with China Unicom Shenzhen Branch UCLOUDLINK GROUP INC. announced that Shenzhen uCloudlink Network Technology Co. Ltd. recently signed a framework agreement to establish a long-term strategic partnership with the Shenzhen Branch of China United Network Communications Group Co. Ltd. Both parties will focus on jointly improving network quality to achieve better user experience and services in various areas and will collaborate with each other in joint marketing and promotional activities. Price Target Changed • Nov 09
Price target raised to CN¥4.92 Up from CN¥4.30, the current price target is an average from 11 analysts. The new target price is close to the current share price of CN¥4.93. As of last close, the stock is down 15% over the past year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥4.83 The company is down 5.0% from its price of CN¥5.08 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥17.85 per share. Price Target Changed • Oct 25
Price target lowered to CN¥3.85 Down from CN¥4.36, the current price target is an average from 10 analysts. The new target price is 22% below the current share price of CN¥4.92. As of last close, the stock is down 17% over the past year. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥5.33b, up 10.0% from the prior year. Total revenue was CN¥298.7b over the last 12 months, up 3.6% from the prior year. Announcement • Oct 19
China United Network Communications Limited to Report Q3, 2020 Results on Oct 22, 2020 China United Network Communications Limited announced that they will report Q3, 2020 results on Oct 22, 2020 Is New 90 Day High Low • Sep 29
New 90-day low: CN¥4.86 The company is down 1.0% from its price of CN¥4.90 on 01 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Wireless Telecom industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥17.56 per share. Announcement • Jul 01
China United Network Communications Limited to Report First Half, 2020 Results on Aug 13, 2020 China United Network Communications Limited announced that they will report first half, 2020 results on Aug 13, 2020 
