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
Financial Highlights
Dec 2022 | HKD | USD |
Revenue | 1,089.91B | 139,189.01M |
Gross Profit | 241,577.47M | 30,850.88M |
Operating income | 151,163.69M | 19,304.50M |
Income before tax | 176,624.91M | 22,556.05M |
Net income | 145,893.53M | 18,631.47M |
EBITDA | 383,828.88M | 49,017.23M |
Diluted EPS | 6.82 | 0.87 |
Dividends Per Share | 4.41 | 0.56 |
Total Assets | 2,173.10B | 278,426.57M |
Total liabilities | 711,946.12M | 91,217.25M |
Total equity | 1,456.58B | 186,623.12M |
Operating cash flow | 347,195.89M | 44,338.98M |
Currency in HKD | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 872,728.12M | 845,807.57M | 863,075.16M | 1,022.32B | 1,089.91B |
Gross Profit | 419,691.09M | 216,769.67M | 255,054.79M | 284,517.76M | 241,577.47M |
Operating income | 145,267.34M | 131,602.34M | 131,939.58M | 149,981.27M | 151,163.69M |
Income before tax | 182,281.53M | 146,833.11M | 146,101.48M | 169,540.64M | 176,624.91M |
Net income | 139,506.16M | 120,921.98M | 121,175.72M | 139,728.54M | 145,893.53M |
EBITDA | 327,855.65M | 338,902.68M | 325,665.44M | 382,641.21M | 383,828.88M |
Diluted EPS | 6.81 | 5.87 | 5.91 | 6.82 | 6.82 |
Dividends Per Share | 3.21 | 3.25 | 3.29 | 4.06 | 4.41 |
Total Assets | 1,751.48B | 1,822.46B | 2,006.79B | 2,209.25B | 2,173.10B |
Total liabilities | 547,486.60M | 583,851.98M | 672,260.38M | 761,541.57M | 711,946.12M |
Total equity | 1,200.11B | 1,234.67B | 1,320.34B | 1,432.50B | 1,456.58B |
Operating cash flow | 258,815.01M | 296,239.08M | 365,338.55M | 400,210.78M | 347,195.89M |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 111,352.22M | 107,949.73M | 111,278.45M | 131,525.95M | 139,189.01M |
Gross Profit | 53,548.79M | 27,666.13M | 32,884.85M | 36,604.10M | 30,850.88M |
Operating income | 18,534.80M | 16,796.30M | 17,011.30M | 19,295.56M | 19,304.50M |
Income before tax | 23,257.47M | 18,740.19M | 18,837.23M | 21,811.93M | 22,556.05M |
Net income | 17,799.72M | 15,433.17M | 15,623.49M | 17,976.51M | 18,631.47M |
EBITDA | 41,831.42M | 43,253.87M | 41,988.86M | 49,227.99M | 49,017.23M |
Diluted EPS | 0.86 | 0.74 | 0.76 | 0.87 | 0.87 |
Dividends Per Share | 0.41 | 0.41 | 0.42 | 0.52 | 0.56 |
Total Assets | 223,707.71M | 233,894.65M | 258,812.51M | 283,371.70M | 278,426.57M |
Total liabilities | 69,927.46M | 74,931.59M | 86,700.20M | 97,679.87M | 91,217.25M |
Total equity | 153,284.44M | 158,458.30M | 170,282.88M | 183,741.68M | 186,623.12M |
Operating cash flow | 33,022.45M | 37,808.75M | 47,104.02M | 51,488.37M | 44,338.98M |
Valuation Measures
Dec 2022 | |
PER | 7.57 |
ROA | 6.65% |
ROE | 10.09% |
Operating margin | 13.86% |
Profit margin | 13.38% |
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 & Deputy General Manager: Tong Qing Gao
Shareholders
- China State-Owned Assets Supervision & Admn Commission (72.7%)
- State Street Global Advisors Asia Ltd. (0.3%)
- China Merchants Fund Management Co., Ltd. (0.2%)
- Foresight Fund Management Co., Ltd. (0.1%)
- Hang Seng Investment Management Ltd. (0.1%)
- Orient Securities Asset Management Co. Ltd. (0.0%)
- Invesco Great Wall Fund Management Co. Ltd. (Invt Mgmt) (0.0%)
- E Fund Management Co., Ltd. (0.0%)
- China Southern Asset Management Co., Ltd. (0.0%)
- China Asset Management Co., Ltd. (0.0%)
Contact Details
- Website:http://www.chinamobileltd.com
- Address: 60th Floor, The Center, 99 Queen's Road Central, Hong Kong, Hong Kong
- Phone: +852.3121.8888
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
- GDS Holdings Ltd.
- Skyworth Digital Co., Ltd. Class A
- VEON Ltd.
- VNET Group, Inc. Sponsored ADR
Copyright © 2023 FactSet Research Systems Inc. All rights reserved.
Last Updated on 30 May, 2023Discover the all new Nikkei Asia app

- Take your reading anywhere with offline reading functions
- Never miss a story with breaking news alerts
- Customize your reading experience
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.