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 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

HKD | USD

	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

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CM TieTong
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Competitors

GDS Holdings Ltd.
Skyworth Digital Co., Ltd. Class A
VEON Ltd.
VNET Group, Inc. Sponsored ADR

Last Updated on 30 May, 2023