China Mobile Ltd.

In the news

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China bets on $2tn high-tech infrastructure plan to spark economy Jun 1, 2020
Coronavirus helps China pull ahead in the 5G race May 6, 2020
Earnings hit stings China's iFlytek in wake of US blacklisting Apr 22, 2020

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	HKD	USD
Revenue	1,022.32B	131,525.95M
Gross Profit	284,517.76M	36,604.10M
Operating income	149,981.27M	19,295.56M
Income before tax	169,540.64M	21,811.93M
Net income	139,728.54M	17,976.51M
EBITDA	382,641.21M	49,227.99M
Diluted EPS	6.82	0.87
Dividends Per Share	4.06	0.52
Total Assets	2,209.25B	283,371.70M
Total liabilities	761,541.57M	97,679.87M
Total equity	1,432.50B	183,741.68M
Operating cash flow	400,210.78M	51,488.37M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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
PER	6.85
ROA	6.62%
ROE	10.15%
Operating margin	14.67%
Profit margin	13.66%

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

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

China Telecom Corp. Ltd. Class H
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