2021 Interim Results
Increased Initiative to Promote Sustainable Growth in Future
(RMB Mil)
Operating Expenses
1H2020
1H2021
Change YoY
(142,257)
(156,061)
9.7%
Slightly higher than the operating revenue growth, mainly due to
the higher initiatives in resources & talents for 5G & innovative
businesses, driving sustainable future growth
Interconnection Charges
(5,094)
(5,247)
3.0%
Depreciation & Amortisation
(41,312)
(41,376)
0.2%
Mainly benefited from good control of CAPEX in recent years &
network "co-build co-share"
Network, Operation &
Support¹
(22,220)
(25,107)
13.0%
Mainly due to growth in charges for the use of equipment &
premises, and energy cost
Employee Benefit
(27,503)
(30,991)
12.7%
Mainly due to the ongoing effort in incentive mechanism reform to
strengthen performance-based compensation & drawing of
innovative talents
In line with 29% increase in sales of telecommunications products
Costs of Telecommunications
Products Sold
(11,603)
(14,808)
27.6%
•
Selling & Marketing
(14,879)
(15,565)
4.6%
G&A & Others
(19,646)
(22,967)
16.9%
•
See next slide for details
Note:
1.
1H2021 tower usage fee was RMB 5,429 mil, relatively flat yoy. Excluding the impact of the adoption of IFRS 16, 1H2021 tower usage fee was RMB 9.5 bil, up 2% yoy. The data is for illustration purpose only
and investors are cautioned not to rely on the data.
a
China
unicom中国联通
2021 Interim Results 27View entire presentation