China Unicom (Hong Kong) Ltd

00762: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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China Unicom Earnings: Solid, but Boosted by Some One-Offs; Fair Value Up 5% to HKD 11

Dan Baker

Mar 19, 2025

China Unicom had a solid 2024, with services revenue up 3.2%, EBITDA down 0.4%, and net profit up 10.1%. Fourth-quarter services revenue growth of 5.5% was boosted by the government's policy initiatives, but the volatile employee expenses line drove fourth-quarter EBITDA down 9.4%.

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China Unicom (Hong Kong) Ltd

China Unicom Earnings: Solid, but Boosted by Some One-Offs; Fair Value Up 5% to HKD 11

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