Wednesday, March 21, 2012

China Unicom Outpaces its Peers in 2011

Led by rapid adoption of 3G and continued strong growth in fixed-line broadband, China Unicom reported 2011 annual revenue of RMB209.15 billion (US$33.17 billion), an increase of 22.2% compared with last year. Service revenue was RMB185.87 billion, an increase of 13.4% compared with last year. EBITDA was RMB63.40 billion, an increase of 6.7% compared with last year. Net profit was RMB4.21 billion, an increase of 20.0% compared with last year. Basic earnings per share was RMB0.179 (including deferred fixed-line upfront connection fee).

Some highlights from the annual report:

China Unicom' service revenues grew faster than its peers in 2011 and the company steadily gained market share.

The mobile business accounted for 55.6% of the total service revenue.

Service revenue from the non-voice business accounted for 48.7% of the total service revenue.

The mobile subscriber base reached 199.660 million, an increase of 19.3% compared with last year.

Service revenue from the mobile business was RMB103.31 billion, an increase of 25.3% compared with last year.

Mobile ARPU was RMB47.3, an increase of 8.2% compared with last year.

ARPU of 3G subscribers maintained a relatively high level of RMB110.0.

Mobile data usage increased by 293.4% compared with last year.

The mobile non-voice business increased rapidly and accounted for 37.2% of the total revenue from the mobile business.

3G subscribers increased by 25.959 million to 40.019 million in 2011, representing 20.0% of the total mobile subscribers.

The total number of fixed-line broadband subscribers for the year increased by 17.8% compared with last year to 55.651 million.

Service revenue from fixed-line broadband business increased by 18.1% compared with last year, which for the first time exceeded service revenue from the fixed-line voice business and accounted for 43.2% of the service revenue from fixed-line business.