China Unicom Chairman and Chief Executive Chang Xiaobing said Friday that the iPhones to be offered in China won't have Wi-Fi capability.

Wang said he expects iPhones to boost the company's average revenue per user, while Chief Financial Officer Tong Jilu said the company expects its net profit to stabilize in the second half.

-By Lorraine Luk, Dow Jones Newswires; 852-2802-7002; lorraine.luk@dowjones.com