China Unicom CFO Li Yuzhuo: Company to Emphasize Refined Management Amid VAT Policy Changes

Deep News
03/19

At the CHINA UNICOM 2025 annual results conference, Chief Financial Officer Li Yuzhuo stated that adjustments to value-added tax policies will inevitably impact the industry's revenue and profit growth in the short term.

She further indicated that in response to these policy changes, CHINA UNICOM will focus on four key areas: connectivity, computing power, services, and security. The company aims to accelerate its transition from a basic pipeline provider to a comprehensive digital services provider.

Additionally, the company will place greater emphasis on refined management. Li noted that the industry faced significant challenges in 2025, making the achieved results particularly noteworthy. The annual report has already disclosed substantial improvements in cost efficiency and resource utilization.

Looking ahead to 2026, Li emphasized the company's commitment to ongoing cost control. A key focus this year will be optimizing unit costs to support high-value business initiatives. Refined management will remain a priority to enhance the precision of capital allocation and improve fund utilization efficiency. She highlighted that the improvement in operating cash flow has exceeded expectations, reflecting successful accounts receivable management. For 2026, cash flow management will center on two principles: increasing revenue and reducing expenditure.

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