China Unicom slips to 2-1/2-year low as first-half profit drops

China Unicom Hong Kong

19/08/2026 03:14

** Shares of China Unicom 0762.HK drop 11.6% to HK$5.54, their lowest point since March 2024  
** Stock posts its biggest intraday pct decline since April 7, 2025
** Stock is second-biggest pct loser in benchmark Hang Seng Index .HSI, which slips 0.3%
** The Chinese telecom operator says first-half net profit down 34.6% y/y at 9.5 billion yuan ($1.41 billion), while operating revenue up 0.6% y/y at 201.4 billion yuan 
** Profitability was under short-term pressure due to the value-added tax and the change in the timing of employee benefit expenses spending, but the full-year profit contraction is expected to narrow significantly, company says 
** YTD, stock down 26.7%, Hang Seng Index .HSI down 0.9%


($1 = 6.7429 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))