Unicom's performance increased last year: 3G has become the first source of income

On the afternoon of February 27, China Unicom's 2013-year performance is really beautiful, regardless of operating income or profit growth is expected to be the first three operators, especially the 2013 net profit reached 10.41 billion yuan, an increase of 46.7%. Why has Unicom's performance soared in recent years? Careful analysis of the 2013 earnings can be seen, unimpressed is its most important factor, not only the income year-on-year growth of 50.2%, but also become China Unicom's first source of income. Unicom's revenue and profits were record last year, with China Unicom using 3G to achieve rapid growth is actually already apparent. According to China Unicom's first half of the 2013 report released last August, 3G Business services revenue of 40.91 billion yuan, the contribution to mobile revenue reached 56.3%, for the first time more than 2G business revenue, indicating that Unicom upgraded 3G strategy has been preliminarily successful. China Unicom has just released the 2013 annual performance report shows a full picture, the realization of operating income of 2,950 Yuan 400 million yuan, an increase of 18.5%, of which service income of RMB 2,385 700 million yuan, year-on-year growth of 13.5%, the market share of steady increase. Mobile service revenue accounted for 63.4%. Especially last year 3G business development scale to achieve a new breakthrough, service income to mobile income contribution to 59.4%, the scale reached 89.8 billion yuan, an increase of 50.2%, become China Unicom's first revenue source, this shows 3G to China Unicom contribution rate. This is not easy to achieve, earlier 1.5, China Unicom chairman Chang in the 2012 Half-year performance Conference also admitted that, in the current situation, 3G revenue and expected gap, but confident that the end of the year to achieve 3G revenue accounted for more than 50%, At that time in the first half of 2012 years Unicom 3G income increased by one times, but also only 26.9 billion yuan, today's 2013 China Unicom 3G revenue has reached 89.8 billion yuan. 3G ERA to achieve the leading 3G not only for China Unicom's income growth has contributed enormously, but also to China Unicom's ARPU value, profit, the number of mobile users have contributed. China Unicom also said in its 2013 performance report that with rapid revenue growth and continuous improvement in its business structure, the company's profitability has increased significantly and its financial position has become more robust. The annual EBITDA growth of 15.6%, reached 83.96 billion yuan, net profit rose 46.7%, to 10.41 billion yuan. Obviously, this is largely due to 3G, because China Unicom 2G revenue is negative, fixed-line business growth is not good, year-on-year growth of 3.9%, for the RMB 86.49 billion yuan, of which the non-voice business income contribution reached 74.2%. The main is broadband revenue and user size to maintain rapid growth. Broadband services revenue growth of 10.6% year, to 45.99 billion yuan, the fixed-line business revenue contribution to 53.2%. In addition, 3G pull China Unicom's mobile user structure further optimization, ARPU continued to upgrade to 48.2 yuan,Unicom 3G user ARPU itself remained at a high level of RMB 75.1. 3G also led China Unicom 2013 net increase mobile users 41.67 million households, the total number of breakthrough 280 million households. During the year, 3G users grew 60.4%, the total reached 123 million households, the penetration rate of mobile users reached 43.6%. In this connection, China Unicom also said in its earnings reports that the company's revenues continue to grow rapidly, the voice business accounted for 56.2%, the business structure more optimization, sustainable development capacity further enhanced. With rapid income growth and continuous improvement of business structure, the company's profitability significantly improved, the financial situation more stable. For the 4G era is not afraid of the industry generally believe that 2013 is the best day of China Unicom, but because the country last year to the three major operators issued a 4G license, China Unicom due to the delay has not been issued its desired FDD LTE licence, in the 4G era will be passive. However, China Unicom does not seem to think so, it said in the performance report, the New Year, the company will actively comply with the situation changes, seize the opportunity to play its advantages, the full implementation of mobile broadband lead, to achieve higher than the industry level of income growth, profit growth is higher than income growth, investment structure and efficiency of continuous optimization, operational capacity continues to enhance Continue to create greater value for shareholders in rapid development. China Unicom is confident in the development of the 2014. This is largely due to China's 4G, although commercial, but far from universal, and China Unicom in the 3G still has a significant advantage. It is reported that 2013 China Unicom added 3G base Station 76,000, to 407,000, mobile network coverage and depth further enhanced, 3G network full network opened hspa++21mbps service, multi-carrier zone upgrade to dc-hspa+ 42Mbps. To speed up the construction of optical fiber network, fixed-network broadband access port reached 119.07 million, of which ftth/b end Austria ratio reached 71%. The basic implementation of packet transmission network coverage, to meet the requirements of LTE and integrated service access load. China Unicom also said that the current unicom construction and operation of the WCDMA 3G Network has established a good leading edge for the development of 4G to lay a solid foundation. Unicom in the unified operation, flow management, industrial chain cooperation, business-wide e-commerce and other aspects of the accumulation of rich operating experience, will continue to consolidate and expand the unicom in the 4G era of differentiation advantages. Industry judged that China Unicom in the 4G era of technical standards, terminals and so on will continue to lead, because it will be mainly in the 4G era using the FDD LTE format, and FDD LTE system in the technical and terminal significantly dominant.