08:36     CHINA UNICOM<00762> - Results Announcement                          

    China Unicom Limited announced on 24/03/2005:                             
    (stock code: 00762 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: RMB                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 79,331,611         67,636,325        
    Profit/(Loss) from Operations   A  : 8,155,042          8,031,871         
    Finance cost                       : (1,688,418)        (1,936,022)       
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 4,386,999          4,217,097         
    % Change over Last Period          : +4        %                          
    EPS/(LPS)-Basic (in dollars)    B  : 0.349              0.336             
             -Diluted (in dollars)  B  : 0.347              0.336             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 4,386,999          4,217,097         
    Final Dividend                     : RMB0.10            RMB0.10           
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 05/05/2005         to 06/05/2005 bdi.
    Payable Date                       : 07/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 05/05/2005         to 06/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    A       Profit from operations                                            
                                                                              
    Profit from operations is arrived at by adding back the finance costs to  
    the profit before taxation and is shown below:                            
                                                                              
                            For the year ended 31   For the year ended 31     
                            December 2004           December 2003             
                            RMB '000                RMB '000                  
    Profit before taxation  6,466,624               6,095,849                 
    Add: Finance costs      1,688,418               1,936,022                 
                            -------------           -------------             
    Profit from operations  8,155,042               8,031,871                 
                            =============           ============              
                                                                              
    B       Basic and diluted earnings per share                              
                                                                              
    Basic earnings per share for the year ended 31 December 2004 were computed
    by dividing the profit attributable to shareholders of approximately RMB4 
    ,386,999,000 (2003: approximately RMB4,217,097,000) by the weighted       
    average number of 12,561,242,086 ordinary shares (2003: 12,553,010,054) in
    issue during the years.                                                   
                                                                              
    Diluted earnings per share for the year ended 31 December 2004 were       
    computed by dividing the profit attributable to shareholders of           
    approximately RMB4,386,999,000 (2003: approximately RMB4,217,097,000) by  
    the weighted average number of 12,607,241,101 (2003: 12,568,683,423)      
    ordinary shares in issue during the year, after adjusting for the effects 
    of the potential dilutive ordinary shares arose from share options granted
    under (i) the amended Pre-Global Offering Share Option Scheme; and (ii)   
    the amended Share Option Scheme.  All potential dilutive shares arose from
    share options granted in 2002, 2003 and 2004 under the amended Share      
    Option Scheme, which if converted to ordinary shares would decrease profit
    attributable to the shareholders per share in 2004.                       
                                                                              
    C       Proposed final dividend                                           
                                                                              
    According to the resolution of the Board of Directors dated 24 March 2005,
    the Board of Directors proposed the payment of a final dividend of RMB0.10
    per ordinary share to the shareholders for the year ended 31 December     
    2004, approximately amounting to RMB1,256,332,000 in total.               
                                                                              
    For more details, please refer to the press announcement today.