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Communications

China Mobile Ltd.

  • 72.80 HKD
  • -0.30
  • -0.41%
  • Hong Kong
    Apr 20, 2018
  • Ticker
    HKG(941)
  • Prev. close
    73.10
  • Market cap (HKD)
    1,496.76B
  • Market cap (USD)
    190,766M
  • Shares
    20,475.50M

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 through its subsidiaries provides telecommunications services in Mainland China. The company was founded on September 3, 1997 and is headquartered in Hong Kong.

Financial Highlights

Dec 2017 HKDUSD
Revenue853,876.98M109,572.31M
Gross Profit418,501.35M53,703.47M
Operating income153,045.76M19,639.33M
Income before tax170,814.83M21,919.52M
Net income131,773.61M16,909.62M
EBITDA326,348.95M41,878.17M
Diluted EPS6.430.82
Dividends Per Share3.200.41
Total Assets1,827.21B233,739.70M
Total liabilities640,115.86M81,884.51M
Total equity1,183.20B151,356.87M
Operating cash flow304,835.81M39,117.53M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 795,105.76M 819,943.29M 824,378.30M 827,732.21M 853,876.98M
Gross Profit 485,680.74M 433,396.02M 400,623.41M 399,780.23M 418,501.35M
Operating income 173,763.82M 152,654.59M 136,339.08M 146,197.19M 153,045.76M
Income before tax 200,082.00M 179,368.14M 177,293.11M 168,792.07M 170,814.83M
Net income 153,541.00M 137,454.07M 133,880.75M 127,054.99M 131,773.61M
EBITDA 305,962.86M 307,349.26M 305,456.68M 308,127.15M 326,348.95M
Diluted EPS 7.54 6.73 6.53 6.20 6.43
Dividends Per Share 3.31 2.92 2.72 2.73 3.20
Total Assets 1,495.17B 1,685.01B 1,704.20B 1,696.88B 1,827.21B
Total liabilities 482,431.07M 573,803.90M 605,736.47M 601,170.06M 640,115.86M
Total equity 1,010.24B 1,108.62B 1,094.84B 1,092.23B 1,183.20B
Operating cash flow 301,732.32M 293,170.67M 312,261.79M 314,625.89M 304,835.81M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 102,506.43M 105,735.25M 106,336.08M 106,632.75M 109,572.31M
Gross Profit 62,614.81M 55,888.30M 51,676.18M 51,501.76M 53,703.47M
Operating income 22,401.93M 19,685.47M 17,586.30M 18,833.88M 19,639.33M
Income before tax 25,794.92M 23,130.30M 22,868.93M 21,744.67M 21,919.52M
Net income 19,794.77M 17,725.30M 17,269.20M 16,367.88M 16,909.62M
EBITDA 39,445.27M 39,634.02M 39,400.68M 39,694.53M 41,878.17M
Diluted EPS 0.97 0.86 0.84 0.79 0.82
Dividends Per Share 0.42 0.37 0.35 0.35 0.41
Total Assets 192,833.06M 217,284.82M 219,892.64M 218,863.79M 233,739.70M
Total liabilities 62,219.07M 73,992.91M 78,158.02M 77,538.81M 81,884.51M
Total equity 130,291.72M 142,958.74M 141,267.69M 140,876.46M 151,356.87M
Operating cash flow 38,899.86M 37,805.63M 40,278.47M 40,531.74M 39,117.53M

Valuation Measures

Dec 2017
PER12.31
ROA7.47%
ROE11.58%
Operating margin17.92%
Profit margin15.43%

Key executives

  • Chief Executive Officer & Executive Director: Yue Li
  • Chief Financial Officer, Executive Director & VP: Xin Dong
  • Executive Director & Vice President: Yue Jia Sha
  • General Manager-Finance Department: Min Zhu
  • Secretary: Wai Lan Wong

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (72.7%)
  • The Vanguard Group, Inc. (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • Thornburg Investment Management, Inc. (0.3%)
  • State Street Global Advisors Asia Ltd. (0.3%)
  • Aberdeen Asset Managers Ltd. (0.2%)
  • Norges Bank Investment Management (0.2%)
  • Causeway Capital Management LLC (0.2%)
  • The Caisse de depot et placement du Quebec (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.2%)

Contact Details

Related Companies

  • 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.
  • China Mobile Online Service Co. Ltd.
  • China Mobile (Hangzhou) Information Technology Co. Ltd.
  • China Mobile (Suzhou) Software Technology Co. Ltd.
  • China Mobile M2m Co. Ltd.
  • China Mobile Group Device Co. Ltd.
  • Aspire Technologies (Shenzhen) Ltd.
  • Aspire (BVI) Ltd.
  • China Mobile Holding Co. Ltd.
  • China Mobile Group Ningxia Co. Ltd.
  • China Mobile Group Xizang Co. Ltd.
  • China Mobile Group Guizhou Co. Ltd.
  • China Mobile Group Chongqing Co., Ltd.
  • China Mobile TieTong Co., Ltd.
  • China Mobile Group Shanghai Co. Ltd.
  • China Mobile International Ltd.

Competitors

  • China Unicom (Hong Kong) Limited
  • China Telecom Corp. Ltd. Class H
  • CITIC Guoan Information Industry Co., Ltd Class A
  • 21Vianet Group, Inc. Sponsored ADR Class A
  • GDS Holdings Ltd. Sponsored ADR Class A
  • Skyworth Digital Co., Ltd. Class A
  • VEON Ltd. Sponsored ADR
Last Updated on 20 Apr, 2018

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