摘要
作为电信改革标志诞生的联通,就像是中国电信改革这盘棋上的一枚棋子,即使曾经扭转过局势,但在某个时刻,从全局着想,它也许真的摆脱不了弃子的命运?
China Unicom which just celebrated its tenth anniversary of founding finds that the company enters the most awkward period. The rumor of dividing the company goes farther and farther and seems to become non-changeable. On March 24, China Unicom published its '2004 financial report' which is embarrassing and gives those advocating Unicom division the reasons for doing so. The income of each Unicom share is only 0.117 yuan and net profit is 4.39 billion yuan for 2004, which is much lower than the expectation of institutional investors. Jusl two weeks before the publication of the report, China Unicom played a leading role in the declining of domestic A shares and red chip shares in Hong Kong. More than 4 billion yuan market value was vapored. The rumor of dividing Unicom first appeared at the end of the last year. The ' four into two' scheme and ' the six into two' scheme were recognized quickly and extensively. Though the State Asset Administration and China Unicom top management repeatedly refuted the rumor, it was thought by the industry that these two schemes were the best, which could balance benefits of various parties and arouse little turbulence. The annual report undoubtedly pushes the company nearer to the fate of division. It is believed that the administration considers the division because it worries about the future of China Unicom. At the moment it seems that 'dividing Unicom' is the best solution which could enjoy popular support. (see p26)
