China Unicom net profit drops 62% in first half

China Unicom (600050) reported that the first half attributable to the listed company shareholders of the net profit of 828 million yuan, the year-on-year decline of 62%.　　Basic income of 0.039 yuan per share. Unicom Red Chip (00762.　　HK) 26th announced the interim results showed that shareholders should occupy 2.526 billion yuan, compared with the same period in 2009, the 6.616 billion yuan decreased by 61.8%, each share of the basic profit of 0.11 yuan, no dividend.　　China Unicom holds 73.83% of the company's BVI companies, and Unicom BVI companies hold Unicom red-chip company 77.47% stake.　　Unicom Red Chip chief financial Tong Gillo said that the first half of the profit plummeted, mainly because 3G business in the initial stage of operation, income can not make up the operation, but believe that with the development of 3G smoothly, profitability can be improved. Semi-annual reports show that China Unicom's first half of the year to achieve operating income of 84.42 billion yuan, an increase of 7.6%.　　Among them, the mobile business income 42.08 billion yuan, an increase of 17.6%, fixed network business income of 41.32 billion yuan, down 2.4%.　　In the first half, China Unicom mobile users comprehensive ARPU (monthly income per user) for 42.9 yuan, up 2.9%, of which, 3G users ARPU for 134.0 yuan, continue to maintain a high level, GSM users ARPU 39.8 yuan, down 4.6%. Xiaobing, chairman and chief executive of China Unicom, said in the second half of the integration of business and new business, the company will accelerate the depth of integration products, industry application product development and promotion, increase mobile music, mobile TV and other new business marketing efforts, the year launched the application store, electronic reading and other new business, further enrich the 3G business applications,　　Stimulate user data service consumption. Unicom Red Chip President Yimin 26th in the performance statement, said Unicom and Apple to negotiate the launch of the iphone 4 and the ipad's progress, should soon be implemented, not later this year launched.