Summary by Moomoo AI
China United Network Communications announced its first-half 2024 performance, with revenue reaching RMB 197.3 billion, a YoY increase of 2.9%. Equity holders' profit totaled RMB 13.8 billion, a YoY increase of 11.3% and achieved double-digit growth for 8 consecutive years. Capital expenditures decreased YoY by 13.4% to RMB 23.9 billion. The board of directors decided to distribute a mid-term dividend of RMB 0.2481 per share, a YoY increase of 22.2%. The company has made breakthroughs in digital technology integration innovation and actively promotes the innovation and development of networks, technologies and services, contributing to the construction of a strong network country and digital China. As of June 30, 2024, the company's asset-liability ratio was 45.5%, the debt-to-capital ratio decreased to 10.8%, and the net debt-to-capital ratio was -0.4%. The company will distribute mid-term dividends in Hong Kong dollars to shareholders on September 25, 2024.
