Gelonghui, April 23 | China Merchants Securities Research Report pointed out that China Unicom (600050.SH)'s revenue and performance in the first quarter increased steadily, and reforms and innovation continued to advance. Q1's main business revenue reached 89.043 billion yuan, up 3.4% year on year; net profit to mother reached 2,447 billion yuan, up 8.0% year on year; total profit reached 7.169 billion yuan, up 10.0% year on year, maintaining a double digit growth rate. The company insists on high-quality development, focusing on the network power and digital China. The basic business of networked communication is developing steadily, and the user structure has improved markedly. The company has thoroughly implemented nine key actions, including network communication development, integrated computing network development, digital intelligence application development, international development, big data innovation, artificial intelligence innovation, new digital infrastructure, high-quality services and Internet communication security, to accelerate the construction of a world-class technology service enterprise with global competitiveness. Maintain a “Highly Recommended” investment rating.