The chairman shouted that the stock price was underestimated!China Unicom carried the flag in the first half of the year, but the fund was quietly retreating

21st Century Business Herald Reporter Lei Chen intern Li Yuchen Beijing reported

After disclosing the interim report, China Unicom (600050.SH) recently looked up slightly.

As of the closing of August 9, China Unicom's A shares closed up 2.62%to 3.53 yuan per share, and Hong Kong stocks China Unicom (0762.HK) closed up 4%to HK $ 3.9 per share. A number of securities firms such as Guosheng, West China, and Credit Suisse Securities issued reports intensively to give China Unicom to give buying or increase their holdings.

On the evening of August 8, China Unicom disclosed the 2022 semi -annual report. In the first half of the year, revenue achieved revenue of 176.261 billion yuan, an increase of 7.36%year -on -year; the net profit of returning mother was 4.786 billion yuan, an increase of 18.67%year -on -year.

However, in the process of welcoming the challenge, the total number of fund holdings in the second quarter declined significantly.

Some people in the industry believe that the company's performance growth in the first half of the year still has not helped the stock price out of the state of downturn. As the traditional business of the telecommunications industry becomes more saturated, innovative product research and development will also become the company's long -term challenge.

Innovative business "strong miracle"

In terms of main business, China Unicom's main business revenue in the first half of the year was 84.9 billion yuan, an increase of 3.4%year -on -year; mobile account users reached 320 million households, of which 5G package users increased by nearly 30 million households, and the penetration rate of 5G package reached the penetration rate reached reached 58%, the overall growth trend.

However, the reporter noticed that the growth rate of China Unicom's traditional business has gradually slowed down.

During the same period last year, the company's main business revenue was 82.1 billion yuan, a growth rate of nearly 50%year -on -year. China Unicom also bluntly stated in the announcement that the traditional track of the domestic telecommunications industry is maintained in the stock game. The products are seriously homogeneous, the differentiation is insufficient, and the industry competition pattern is becoming more and more complex.

The company stated that it will further implement the new positioning and strategic planning goals, strengthen and enhance strategic execution, strengthen coordination with friends, resolutely abandon price vicious competition, maintain orderly and healthy competition, and maintain the sustainable development of the industry.

Judging from the performance of the first half of 2022, the innovation business gradually took over the banner and became the "first engine" of China Unicom's performance growth.

The company's innovation business is represented by the Industrial Internet. In the first half of the year, the company's industrial Internet achieved revenue of 36.9 billion yuan, an increase of 31.8%over the same period last year, and contributed more than 70%of the company's new revenue.

Among them, "Unicom Cloud" achieved revenue of 18.7 billion yuan, an increase of 143.2%year -on -year; the scale of the 5G industry's application signing was nearly 4 billion yuan, and the number of 5G virtual professional network service customers reached 2014; 100 million yuan, an increase of 13.3%year -on -year; the number of Internet connections of the Internet of Things exceeded 335 million, and revenue achieved 4.3 billion yuan, an increase of 44.1%year -on -year; revenue in the first half of the big data business increased by 48.9%year -on -year to 1.9 billion yuan.

With the advent of the digital economy era, China Unicom aims at the digitalization strategy and has invested heavily in research and development. Data show that China Unicom's R & D investment in the first half of the year was 2.188 billion yuan, an increase of 113.7%year -on -year.

Regarding the specific direction of research and development costs, China Unicom did not disclose in the semi -annual report. However, the semi -annual report mentioned that in the face of the national "East Digital and West Calculation" project and the window period of the "double Gigabit" network construction, the company appropriately increased its investment and unswervingly enhance the core competitiveness and sustainable development capabilities.

China Unicom President Chen Zhongyue said at the previous performance sharing meeting that the company's computing power network planned investment in 2022 was 14.5 billion yuan, an increase of 65%year -on -year, and cloud investment is expected to increase by 88%.

Chen Zhongyue also mentioned that investment will be appropriately increased in the fields of teleportation networks, infrastructure, etc., meet the capacity layout of the data center, and appropriately increase the investment in the East Digital Western Calculation Network. In terms of cloud computing investment, the national strategy is implemented, the unique Unicom cloud is created, the strategic investment continues to increase its strategic investment, and the accurate layout in key areas.

In addition, He Yan, senior vice president of China Unicom, also revealed at the performance briefing that the company will lay out in the direction of 6G key technical directions such as endogenous intelligence, fusion, network serviceization, networking, and information security.

Fund holding a big blood change blood

The 21st Century Economic Herald reporter noticed that since the second quarter, the top ten shareholders of China Unicom have basically maintained stable, but compared with 2021, in terms of fund holdings, the number of shareholders and the overall positions in the overall positions occurred. Tide.

Wind data shows that in the second quarter of 2022, China Unicom had a total of 13 positions in the position of holding funds, with a total shareholding of 23.52888 million shares, which was nearly 70%compared to the first quarter, and it was not as the "zero" of the total number of fund holdings in 2021.

At the end of 2021, China Unicom received 83 fund holders, and the total shareholding of the fund was 632 million shares. In the first quarter of 2022, the fund held a total of 7411,900 shares of China Unicom.

From the perspective of institutional rankings, China Unicom's fund holding list has also appeared "big blood change".

Among them, in the first quarter of 2022, the fund with the highest shareholding ratio of China Unicom was Guangfa Fund, with a consolidated shareholding of 40.5 million shares, accounting for about 0.13%of the circulating A shares. In the list of holding funds of China Unicom.

According to incomplete statistics from reporters, HSBC Jinxin, Pengyang Fund, Changsheng Fund and Wanjia Fund also withdrew from China Unicom in the second quarter. Essence

In addition, the Noon Fund, Boshi Fund, and Ping An Fund, etc., also reduced to varying degrees compared with the first quarter in the second quarter. However, under the ebb to ebb, there are still institutions re -entering.

For example, Wells Fund Fund, CITIC Securities, Jingshun Great Wall, Hua'an Fund, Soochow Fund and Huitianfu Fund, etc., returned in the second quarter after the first quarter of which was retracted in the first quarter. Among them, Wells Favorite Fund holding the highest shareholding, and the consolidation of China Unicom 35.13 million shares in the second quarter, ranking second among the current positioning funds.

As the first place in the second quarter of China Unicom, the Southern Fund's attitude towards China Unicom is more optimistic than the previous quarter, and the number of consolidated shares rose slightly to 5.826 million shares. However, Southern Fund held 14.393 million shares of China Unicom at the end of 2021.

In fact, behind the scale of the fund's overall position, China Unicom's stock price has fallen all the way in the past three years.

In this regard, at the performance briefing held on August 8th, Liu Liehong, the secretary of the Party Group and Chairman of China Unicom, told investors that the company's stock price changes were comprehensively affected by a variety of complex factors. It is impossible for the stock price to be underestimated for a long time. "

"We always believe that good business development is a solid foundation for the company's long -term value improvement. In the future, the company will keep up with digital development opportunities, actively deploy the five major main responsibilities, and accumulate energy for the long -term stable growth of the business, and unremitting efforts to promote the improvement of the company's value. "Liu Liehong further pointed out.

Liu Liehong emphasized that investors hope to see the new positioning, new opportunities and new value of "China Unicom after hugging the digital economy". In the future, the company will reasonably balance the relationship between the long -term development and return to shareholders, and actively judge the reporting measures of relevant shareholders in accordance with market conditions and fund arrangements.

It is worth noting that while released the semi -annual report, China Unicom also disclosed the mid -term dividend plan, which plans to distribute cash dividends to all shareholders of 0.663 yuan (including tax) per 10 shares, which is expected to increase by 35.9%year -on -year. 100 million yuan.

The relevant person in charge of China Unicom promised at the performance meeting that in the future, the company will grasp the relationship between short -term, medium -term, and long -term development, and reasonably balance long -term development and return to shareholders.

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