Shanxi Securities research report points out that China United Network Communications (600050.SH) achieved a total profit of 16.8 billion yuan in the first half of the year, a year-on-year increase of 10.2%. The net income of the parent company was 6 billion yuan, a year-on-year increase of 10.9%, and the performance maintained double-digit growth. "Three new directions" build a solid operating foundation. For the outlook of 2024 operating performance, the company strives to achieve steady growth in revenue and double-digit growth in pre-tax profit. The capital expenditure for the whole year will be controlled at about 65 billion yuan, a year-on-year decrease of 12%. In terms of dividends, in 2024H1, the company's dividend per share was 0.2481 yuan, a year-on-year increase of 22.2%, and the dividend payout ratio reached 55%, with the prospect of continuously strengthening shareholder returns in the future. The company's performance growth is expected to maintain a high level in the industry, and the future ROE and dividend payout ratio are expected to continue to increase. The rating is maintained as "buy-A".
研报掘金丨山西证券：中国联通上半年业绩保持双位数增长，维持“买入-A”评级
Research Reports | Shanxi Securities: China United Network Communications maintained double-digit growth in the first half of the year, maintaining a "buy-A" rating.
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