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China Unicom (Hong Kong) ( (HK:0762) ) has shared an announcement.
China Unicom (Hong Kong) Limited has announced that, following a new directive from China’s Ministry of Finance and State Taxation Administration effective 1 January 2026, mobile data, SMS/MMS, and internet broadband access services will be reclassified from value-added telecommunications services to basic telecommunications services for VAT purposes, with the applicable tax rate rising from 6% to 9%. The company warns that this tax category adjustment will negatively affect its revenue and profit, but says it will respond by doubling down on its core business areas of connectivity, computing power, service and security, aiming to sharpen its differentiated advantages, improve operational efficiency and sustain steady, long-term high-quality development, while advising shareholders and investors to exercise caution when dealing in its securities.
The most recent analyst rating on (HK:0762) stock is a Buy with a HK$9.00 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 integrated telecommunications operator in China, providing mobile, fixed-line, broadband and related data and digital services. The group focuses on core connectivity, computing power, service and network security solutions across both consumer and enterprise markets within the mainland Chinese telecommunications sector and internationally via Hong Kong listing access.
Average Trading Volume: 42,920,399
Technical Sentiment Signal: Buy
Current Market Cap: HK$243.3B
For detailed information about 0762 stock, go to TipRanks’ Stock Analysis page.