中国联通发布关于日常关联交易的补充公告，涉及中国铁塔与腾讯科技
中国联通发布关于日常关联交易的补充公告，涉及中国铁塔与腾讯科技
2026年3月20日，中国联合网络通信股份有限公司（中国联通，600050）发布了《关于日常关联交易的补充公告》。本公告对2026年3月19日闭市后披露的《关于日常关联交易的公告》进行了详细补充，旨在帮助投资者更好理解相关日常关联交易的执行情况和未来安排。
公告要点及详细内容
1. 前次日常关联交易执行情况
- 向关联方销售商品/提供劳务及租赁：
- 中国铁塔：预计金额10亿元，实际发生金额6.23亿元。出现差异的主要原因系根据实际经营需求调整，双方实际业务量低于预期。
- 腾讯科技：预计金额30亿元，实际发生金额19.87亿元。原因同上。
- 合计：预计金额40亿元，实际发生金额26.10亿元。
- 从关联方购买商品/劳务及租赁：
- 中国铁塔：预计金额180亿元，实际发生金额139.56亿元。
- 腾讯科技：预计金额20亿元，实际发生金额10.36亿元。
- 合计：预计金额200亿元，实际发生金额149.92亿元。
- 上述实际发生金额均低于原先的预计金额，主要由于实际业务量低于年度初期的预期。
2. 2026年度日常关联交易的预计情况
| 交易类别 |
关联人 |
2026年度预计金额上限（亿元） |
占同类业务比例(%) |
本年年初至披露日已发生金额（亿元） |
2025年实际发生金额（亿元） |
上年占比(%) |
预计金额与上年实际的差异原因 |
| 向关联方销售商品/提供劳务及租赁 |
中国铁塔 |
12.00 |
0.35 |
0.95 |
6.23 |
0.18 |
公司根据业务规模增长需求进行调整 |
| 向关联方销售商品/提供劳务及租赁 |
腾讯科技 |
32.00 |
0.92 |
2.36 |
19.87 |
0.57 |
公司根据业务规模增长需求进行调整 |
| 合计 |
|
44.00 |
1.27 |
3.31 |
26.10 |
0.75 |
|
| 从关联方购买商品/劳务及租赁 |
中国铁塔 |
180.00 |
6.11 |
17.10 |
139.56 |
4.74 |
公司根据实际经营预测需求调整 |
| 从关联方购买商品/劳务及租赁 |
腾讯科技 |
18.00 |
0.61 |
1.13 |
10.36 |
0.35 |
|
| 合计 |
|
198.00 |
6.72 |
18.23 |
149.92 |
5.09 |
|
注：本年年初至披露日为2026年2月28日。占同类业务比例分别以2025年服务收入、主营业务成本和销售费用合计为基数计算。
3. 可能对投资者和股价产生影响的关键信息
- 交易规模较大：中国联通2026年度预计与中国铁塔、腾讯科技进行合计242亿元的日常关联交易，涉及金额在公司主营业务中占有一定比例，表明与这两家关联方的合作关系密切。
- 实际与预计金额差异原因明确：公司在公告中特别说明，实际发生金额与预计金额差异主要是基于实际经营需求和业务量调整，这种动态调整机制有助于风险管理。
- 公司运营稳健：公告强调，调整后的预计金额较2025年实际发生金额有所提升，反映出公司对业务增长的信心。
- 信息透明：公司及时进行补充公告，充分披露关联交易信息，提升了信息透明度，有利于投资者决策。
投资者应关注事项
- 关联交易规模的变化反映出公司与铁塔、腾讯的合作持续深化，可能对未来业绩产生正面或负面影响，值得投资者重点关注。
- 若实际执行金额大幅低于预期，或出现合作变化，可能对公司经营和股价产生影响。
- 针对关联交易的合规与公允性，公司董事会已全体承诺公告内容无虚假记载、误导性陈述或重大遗漏。
结论：本次公告显示中国联通对未来与中国铁塔、腾讯科技的合作预期乐观，日常关联交易金额提升，反映出公司主营业务对关键合作伙伴的依赖度较高。投资者应密切关注关联交易的实际执行情况以及对公司业绩的潜在影响。
免责声明：本文仅供信息参考，不构成任何投资建议。投资者应结合自身情况和其他信息做出独立判断，股价受多种因素影响，过往数据不代表未来表现。
English Version
China Unicom Issues Supplemental Announcement on Routine Related-Party Transactions with China Tower and Tencent Technology
March 20, 2026 – China United Network Communications (China Unicom, 600050) released a supplemental announcement regarding its routine related-party transactions. The announcement provides further details on the company’s transactions with China Tower and Tencent Technology, aiming to enhance investor understanding following the initial disclosure on March 19, 2026.
Key Highlights & Detailed Breakdown
1. Execution of Previous Related-Party Transactions
- Sales of Goods/Provision of Services & Leasing to Related Parties:
- China Tower: Estimated RMB 1 billion; actual RMB 623 million. The shortfall was due to actual business demand being lower than expected.
- Tencent Technology: Estimated RMB 3 billion; actual RMB 1.987 billion. Same reason as above.
- Total: Estimated RMB 4 billion; actual RMB 2.61 billion.
- Purchases of Goods/Services & Leasing from Related Parties:
- China Tower: Estimated RMB 18 billion; actual RMB 13.956 billion.
- Tencent Technology: Estimated RMB 2 billion; actual RMB 1.036 billion.
- Total: Estimated RMB 20 billion; actual RMB 14.992 billion.
- Actual transaction amounts were all lower than initial estimates due to lower-than-expected business volume.
2. 2026 Forecast for Routine Related-Party Transactions
| Transaction Type |
Related Party |
2026 Estimate (RMB bn) |
Ratio to Similar Business (%) |
Amount Already Occurred (RMB bn) |
2025 Actual (RMB bn) |
2025 Ratio (%) |
Reason for Significant Differences |
| Sales/Services/Leasing to Related Parties |
China Tower |
1.2 |
0.35 |
0.095 |
0.623 |
0.18 |
Increase based on business scale growth needs |
| Sales/Services/Leasing to Related Parties |
Tencent Technology |
3.2 |
0.92 |
0.236 |
1.987 |
0.57 |
Increase based on business scale growth needs |
| Total |
|
4.4 |
1.27 |
0.331 |
2.61 |
0.75 |
|
| Purchases/Services/Leasing from Related Parties |
China Tower |
18.0 |
6.11 |
1.71 |
13.956 |
4.74 |
Adjusted according to business forecast |
| Purchases/Services/Leasing from Related Parties |
Tencent Technology |
1.8 |
0.61 |
0.113 |
1.036 |
0.35 |
|
| Total |
|
19.8 |
6.72 |
1.823 |
14.992 |
5.09 |
|
Note: Data as of February 28, 2026. Ratios are calculated using 2025 service revenue, cost of sales, and selling expenses.
3. Key Information for Investors and Potential Price Sensitivity
- Large transaction scale: China Unicom expects a total of RMB 24.2 billion in routine related-party transactions with China Tower and Tencent Technology in 2026. The amounts are significant and highlight the close business relationships with these parties.
- Transparent rationale: The company has clearly explained the variances between estimated and actual amounts, mainly due to business demand adjustments, which supports risk management.
- Business confidence: The higher estimates for 2026 compared to 2025 actuals indicate confidence in business growth.
- Transparency: The supplemental disclosure enhances transparency and supports informed investment decisions.
Investor Takeaways
- Changes in transaction scale reflect deepening cooperation with China Tower and Tencent, which could impact future performance—investors should monitor closely.
- If actual transaction amounts significantly deviate from estimates or business relationships change, the company’s operations and share price may be affected.
- The board has pledged the announcement contains no false records or major omissions, and all information is accurate.
Conclusion: The supplemental announcement signals optimism for future cooperation with China Tower and Tencent Technology, as shown by higher transaction forecasts. Investors should monitor the execution of these related-party transactions and their potential impact on the company’s results.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should make independent decisions based on their own circumstances. Past performance is not indicative of future results.
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