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China Unicom (Hong Kong) ( (HK:0762) ) has issued an update.
China Unicom (Hong Kong) reported unaudited operating revenue of RMB 102.8 billion for the first quarter of 2026, a slight 0.5% year-on-year decline, with service revenue broadly stable at around RMB 90.1 billion. The group’s total assets and equity remained largely steady over the quarter, underscoring a solid balance sheet despite modest top-line pressure.
Profitability weakened, with profit attributable to equity shareholders dropping 17.6% year-on-year to RMB 4.9 billion as employee benefit expenses rose and overall costs stayed elevated, even as finance costs fell. The results highlight a period of margin compression for the telecom operator as it invests in its four strategic arenas of connectivity, computing power, service and security, which may weigh on short-term earnings while aiming to support longer-term high-quality growth.
The most recent analyst rating on (HK:0762) stock is a Buy with a HK$8.60 price target. To see the full list of analyst forecasts on China Unicom (Hong Kong) stock, see the HK:0762 Stock Forecast page.
More about China Unicom (Hong Kong)
China Unicom (Hong Kong) Limited is a major telecommunications operator in China, providing connectivity, computing power, service and security solutions across mobile, fixed-line and related digital infrastructure. Listed in Hong Kong, the group focuses on high-quality development of telecom and digital services for a broad base of domestic and international customers.
Average Trading Volume: 39,937,273
Technical Sentiment Signal: Buy
Current Market Cap: HK$223.4B
See more insights into 0762 stock on TipRanks’ Stock Analysis page.