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Communications

China Mobile Ltd.

Company Background

China Mobile is China's largest telecommunications company. It commands slightly more than 60% of the domestic mobile phone market, where some 1.3 billion people use handsets.

The company also boasts the largest number of subscribers in the world. Backed by its strong brand power and excellent name recognition, China Mobile far eclipses such rivals as China Telecom and China Unicom in scale.

Its parent company is state-owned behemoth China Mobile Communications Corp., which was created in 2000 by spinning off the mobile telecommunications division of the former posts and telecommunications ministry. China Mobile, a core unit of CMCC, is listed on the domestic stock market. Slightly more than 70% of its outstanding shares are owned by the asset-management arm of CMCC.

Because it is a large state-owned company, China Mobile acts in step with government policy. In late 2013, it was the first company in China to introduce the TD-LTE fourth-generation mobile communications format, developed mainly by local companies. China Mobile is leading the efforts to promote the standard at home, spending huge sums to set up new base stations and introduce handsets compatible with the 4G service.

An important issue facing China Mobile is how to deal with the expected slowdown in the home market, which is thought to be near saturation. The company is therefore targeting overseas markets, and has invested in a major telecommunications unit of Thai conglomerate Charoen Pokphand Group. China Mobile is trying to promote the TD-LTE format abroad by allying with local telecommunications equipment makers.

Business Summary

China Mobile Ltd. operates as an investment holding company, which engages in the provision of telecommunications and other related services in Mainland China. The firm offers communications services in all 31 provinces, autonomous regions and directly-administered municipalities throughout Mainland China and in Hong Kong Special Administrative Region. Its Internet Protocol based core network is capable of supporting the GSM, TD-SCDMA, TD-LTE, and LTE FDD networks. The company was founded on September 3, 1997 and is headquartered in Hong Kong.

Financial Highlights

Dec 2021 HKDUSD
Revenue1,022.32B131,525.95M
Gross Profit284,517.76M36,604.10M
Operating income149,981.27M19,295.56M
Income before tax169,540.64M21,811.93M
Net income139,728.54M17,976.51M
EBITDA382,641.21M49,227.99M
Diluted EPS6.820.87
Dividends Per Share4.060.52
Total Assets2,209.25B283,371.70M
Total liabilities761,541.57M97,679.87M
Total equity1,432.50B183,741.68M
Operating cash flow400,210.78M51,488.37M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 853,876.98M 872,728.12M 845,807.57M 863,075.16M 1,022.32B
Gross Profit 418,501.35M 419,691.09M 216,769.67M 255,054.79M 284,517.76M
Operating income 153,045.76M 145,267.34M 131,602.34M 131,939.58M 149,981.27M
Income before tax 170,814.83M 182,281.53M 146,833.11M 146,101.48M 169,540.64M
Net income 131,773.61M 139,506.16M 120,921.98M 121,175.72M 139,728.54M
EBITDA 326,348.95M 327,855.65M 338,902.68M 325,665.44M 382,641.21M
Diluted EPS 6.43 6.81 5.87 5.91 6.82
Dividends Per Share 3.20 3.21 3.25 3.29 4.06
Total Assets 1,827.21B 1,751.48B 1,822.46B 2,006.79B 2,209.25B
Total liabilities 640,115.86M 547,486.60M 583,851.98M 672,260.38M 761,541.57M
Total equity 1,183.20B 1,200.11B 1,234.67B 1,320.34B 1,432.50B
Operating cash flow 301,322.36M 258,815.01M 296,239.08M 365,338.55M 400,210.78M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 109,572.31M 111,352.22M 107,949.73M 111,278.45M 131,525.95M
Gross Profit 53,703.47M 53,548.79M 27,666.13M 32,884.85M 36,604.10M
Operating income 19,639.33M 18,534.80M 16,796.30M 17,011.30M 19,295.56M
Income before tax 21,919.52M 23,257.47M 18,740.19M 18,837.23M 21,811.93M
Net income 16,909.62M 17,799.72M 15,433.17M 15,623.49M 17,976.51M
EBITDA 41,878.17M 41,831.42M 43,253.87M 41,988.86M 49,227.99M
Diluted EPS 0.82 0.86 0.74 0.76 0.87
Dividends Per Share 0.41 0.41 0.41 0.42 0.52
Total Assets 233,739.70M 223,707.71M 233,894.65M 258,812.51M 283,371.70M
Total liabilities 81,884.51M 69,927.46M 74,931.59M 86,700.20M 97,679.87M
Total equity 151,356.87M 153,284.44M 158,458.30M 170,282.88M 183,741.68M
Operating cash flow 38,666.68M 33,022.45M 37,808.75M 47,104.02M 51,488.37M

Valuation Measures

Dec 2021
PER6.85
ROA6.62%
ROE10.15%
Operating margin14.67%
Profit margin13.66%

Key executives

  • Chief Executive Officer & Executive Director: Xin Dong
  • Chief Financial Officer & Executive Director: Rong Hua Li
  • Vice President: Qin Jian
  • Vice President: Da Chun Zhao
  • Vice President: Tong Qing Gao

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (72.7%)
  • Foresight Fund Management Co., Ltd. (0.4%)
  • State Street Global Advisors Asia Ltd. (0.2%)
  • Hang Seng Investment Management Ltd. (0.2%)
  • Invesco Great Wall Fund Management Co. Ltd. (Invt Mgmt) (0.1%)
  • BC Investment Management Corp. (0.0%)
  • Pictet Asset Management SA (0.0%)
  • China Asset Management Co., Ltd. (0.0%)
  • Skagen AS (Investment Management) (0.0%)
  • Orient Securities Asset Management Co. Ltd. (0.0%)

Contact Details

Related Companies

  • China Mobile Information Technology Co., Ltd.
  • Advanced Roaming & Clearing House Ltd.
  • Zhongyidong Information Technology Co., Ltd.
  • China Mobile (Xiong'an) ICT Co., Ltd.
  • China Mobile (Shanghai) ICT Co., Ltd.
  • China Mobile (Chengdu) ICT Co., Ltd.
  • China Mobile Financial Technology Co., Ltd.
  • China Mobile IoT Co., Ltd.
  • China Mobile Communication (BVI) Ltd.
  • China Mobile Group Guangzhou Co., Ltd.
  • China Mobile International (UK) Ltd.
  • China Mobile E-Commerce Co., Ltd.
  • China Mobile Communications Group Fujian Co., Ltd.
  • China Mobile International (USA), Inc.
  • China Mobile Investment Holdings Co., Ltd.
  • China Mobile International Ltd. (Hong Kong)
  • China Mobile International Holdings Ltd.
  • Jiangxi Mobile Communications Co., Ltd.
  • Guizhou Mobile Communication Co., Ltd.
  • China Mobile Communications Group Hebei Co. (Xingtai Branch)
  • China Mobile Communications Group Hebei Co., (Chengde Branch)
  • China Mobile Communications Group Jiangxi (Ganzhou Branch)
  • China Mobile Group Terminal Co., Ltd.
  • China Mobile Communications Group Jiangxi (Jiujiang Branch)
  • China Mobile Communications Group Jiangxi /Nanchang Branch/
  • China Mobile Group Fujian Co., Ltd. (Xiamen Branch)
  • China Mobile Group Fujian Co., Ltd. (Quanzhou Branch)
  • China Mobile Internet Co., Ltd.
  • CM TieTong
  • MIGU Co., Ltd.

Competitors

  • Eastcompeace Technology Co., Ltd. Class A
  • GDS Holdings Ltd.
  • RocKontrol Technology Group Co. Ltd. Class A
  • Skyworth Digital Co., Ltd. Class A
  • VEON Ltd.
Last Updated on 12 Aug, 2022

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