On March 11, China United Network Communications Limited(600050) released its annual report for 2021. The company’s revenue growth in 2021 hit an eight-year high, and its profit scale increased rapidly, realizing a good new start in the 14th five year plan. In 2021, the company achieved an operating revenue of 327.9 billion yuan, a year-on-year increase of 7.9%; The main business income reached 296.2 billion yuan, a year-on-year increase of 7.4%, an increase of 3.1 percentage points over the whole year of 2020; The total annual profit reached 17.8 billion yuan, and the net profit attributable to the parent company reached 6.31 billion yuan, a year-on-year increase of 14.2%, an increase of 3.4 percentage points over the whole year of 2020; EBITDA reached 96.1 billion yuan, a year-on-year increase of 2.3%.
China United Network Communications Limited(600050) actively practice green and low-carbon development, and network co construction and sharing have achieved remarkable results. In 2021, the company’s capital expenditure was 69 billion yuan, lower than the annual guideline of 70 billion yuan, and the investment efficiency was further improved. The annual free cash flow continued to be abundant, reaching 43 billion yuan, and the financial strength was further consolidated.
The report also shows that after full consideration of the company’s good business development and strong free cash flow, the board of directors proposed to pay an annual final dividend of RMB 0.0391 per share (including tax), together with the paid interim dividend of RMB 0.0488 per share (including tax), and the annual dividend amounted to RMB 0.0879 per share (including tax), an increase of 31.4% year-on-year. In the future, the company will continue to strive to improve profitability and shareholder returns.
In 2021, facing the complex and severe internal and external environment, China United Network Communications Limited(600050) grasp the general trend of digital transformation of economy and society, grasp new opportunities, embrace new changes and achieve new development, and upgrade the new strategy of “strengthening the foundation, adhering to integrity and innovation, integration and opening-up”, Clarify the new positioning of “national team of digital information infrastructure operation and service, main force of Digital China’s smart society construction, and vanguard of digital technology integration and innovation”, focus on the five main responsibilities and main industries of “big connection, big computing, big data, big application and big security”, and make full efforts to the main channel of digital economy.
