---
title: "\"Big Banks\" Citigroup: China Unicom's third-quarter performance disappoints expectations, maintains \"Buy\" rating"
description: "Citi released a research report indicating that CHINA UNICOM's performance in the third quarter of 2025 was below market expectations, with revenue remaining flat at approximately RMB 93 billion, serv"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262338655.md"
published_at: "2025-10-23T02:54:58.000Z"
---

# "Big Banks" Citigroup: China Unicom's third-quarter performance disappoints expectations, maintains "Buy" rating

> Citi released a research report indicating that CHINA UNICOM's performance in the third quarter of 2025 was below market expectations, with revenue remaining flat at approximately RMB 93 billion, service revenue increasing by 0.2% year-on-year to RMB 83 billion, EBITDA increasing by 0.1% year-on-year to RMB 25 billion, and net profit increasing by 5% year-on-year to RMB 5.5 billion. Citi maintains a "Buy" rating on CHINA UNICOM, with a target price of HKD 11.2

Citi published a research report indicating that CHINA UNICOM (00762.HK) will have flat revenue in the third quarter of 2025, approximately RMB 93 billion, which is 3% lower than market expectations, while service revenue in the third quarter of 2025 is expected to grow by 0.2% year-on-year to RMB 83 billion. EBITDA in the third quarter of 2025 is expected to grow by 0.1% year-on-year to RMB 25 billion, which is 1% lower than market consensus, while net profit in the third quarter of 2025 is expected to increase by 5% year-on-year to RMB 5.5 billion, which is 10% lower than market consensus.

Citi uses the Sum of the Parts (SOTP) valuation method to set a target price for CHINA UNICOM at HKD 11.2, with a rating of "Buy."

### Related Stocks

- [00762.HK - CHINA UNICOM](https://longbridge.com/en/quote/00762.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.