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China United Network Communications Co., Ltd. Operation Data Announcement for November 2024
The three major operators are going against the trend; China United Network Communications (00762) increased by 3.11%. Institutions indicate that the "going cloud" initiative among state-owned enterprises is driving the development of proprietary Cloud Co
Jinwu Financial News | The three major telecom operators are rising against the trend, with China United Network Communications (00762) up 3.11%, CHINA TELECOM (00728) up 2.76%, and CHINA MOBILE (00941) up 1.69%. On the news front, Bank of China International stated that the contribution of cloud business to revenue and profit continues to drive the growth of Chinese telecom companies. Cloud and AI services are becoming the only sustainable driving force for the revenue and EBITDA of Chinese telecom companies. CHINA TELECOM (and China United Network Communications) recorded stable year-on-year growth in EBITDA profit margins for two quarters this year. The bank believes that as state-owned enterprises and local governments gradually transfer their business.
Hong Kong stock news | China United Network Communications (00762) rises over 3%, recently partnering with Huawei to create the first domestic 5G-A Vehicle Networking end-to-end full-element innovation base.
China United Network Communications (00762) rose over 3%. As of the time of writing, it has increased by 2.67%, priced at 6.93 Hong Kong dollars, with a transaction volume of 95.7444 million Hong Kong dollars.
Market Chatter: China's Telecoms Giants Use Vertical LLMs for Flood Prediction, Local Governance, Association Says
Shenzhen Zqgame (300052.SZ): Signed a computing power resource service contract with China United Network Communications Shenzhen Branch.
On December 12, Gallant Finance reported that Shenzhen Zqgame (300052.SZ) announced that the company signed a "Computing Power Resource Service Contract" with the Shenzhen branch of China United Network Communications on December 11, 2024. The company will provide computing power services to the Shenzhen branch of China United Network Communications, with a contract service period of five years, and the contract amount will be based on the final actual settlement amount. The effective period of the contract service is: calculated from the date when the computing power service equipment adaptation for this project as agreed in the contract is completed for 60 months.
Research Reports on mining opportunities | Huaxin Securities: China United Network Communications' operational revenue is steadily growing, maintaining a "Buy" rating.
The Huaxin Securities Research Reports point out that since the beginning of this year, China United Network Communications (600050.SH) has experienced stable growth in revenue, rapid improvement in profit levels, steady expansion of user scale, and continuous strengthening of network infrastructure, laying a more solid foundation for the company's high-quality development. The dual-wheel drive of communication and intelligent digital business has injected vitality into the company's performance. Looking ahead for the entire year, the company will adhere to the overall tone of seeking progress while maintaining stability, promoting new developments in networks, technologies, and services, striving to achieve stable revenue growth and double-digit profit growth throughout the year, taking greater strides in high-quality development, and accelerating the construction of a world-class enterprise with Global competitiveness.
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