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Communications

China Mobile Ltd.

  • 66.80 HKD
  • +1.10
  • +1.67%
  • Hong Kong
    Sep 18, 2019
  • Ticker
    HKG(941)
  • Prev. close
    65.70
  • Market cap (HKD)
    1,345.23B
  • Market cap (USD)
    171,830.46M
  • Shares
    20,475.48M

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 provides telecommunications and other related services in Mainland China. It offers communications services in all 31 provinces, autonomous regions and directly-administered municipalities throughout Mainland China and in Hong Kong Special Administrative Region. The firm's 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 2018 HKDUSD
Revenue872,728.12M111,352.22M
Gross Profit419,691.09M53,548.79M
Operating income145,267.34M18,534.80M
Income before tax182,281.53M23,257.47M
Net income139,506.16M17,799.72M
EBITDA327,855.65M41,831.42M
Diluted EPS6.810.86
Dividends Per Share3.210.41
Total Assets1,751.48B223,707.71M
Total liabilities547,486.60M69,927.46M
Total equity1,200.11B153,284.44M
Operating cash flow258,815.01M33,022.45M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 819,943.29M 824,378.30M 827,732.21M 853,876.98M 872,728.12M
Gross Profit 433,396.02M 400,623.41M 399,780.23M 418,501.35M 419,691.09M
Operating income 152,654.59M 136,339.08M 146,197.19M 153,045.76M 145,267.34M
Income before tax 179,368.14M 177,293.11M 168,792.07M 170,814.83M 182,281.53M
Net income 137,454.07M 133,880.75M 127,054.99M 131,773.61M 139,506.16M
EBITDA 307,349.26M 305,456.68M 308,127.15M 326,348.95M 327,855.65M
Diluted EPS 6.73 6.53 6.20 6.43 6.81
Dividends Per Share 2.92 2.72 2.73 3.20 3.21
Total Assets 1,685.01B 1,704.20B 1,696.88B 1,827.21B 1,751.48B
Total liabilities 573,803.90M 605,736.47M 601,170.06M 640,115.86M 547,486.60M
Total equity 1,108.62B 1,094.84B 1,092.23B 1,183.20B 1,200.11B
Operating cash flow 293,170.67M 312,261.79M 314,625.89M 301,322.36M 258,815.01M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 105,735.25M 106,336.08M 106,632.75M 109,572.31M 111,352.22M
Gross Profit 55,888.30M 51,676.18M 51,501.76M 53,703.47M 53,548.79M
Operating income 19,685.47M 17,586.30M 18,833.88M 19,639.33M 18,534.80M
Income before tax 23,130.30M 22,868.93M 21,744.67M 21,919.52M 23,257.47M
Net income 17,725.30M 17,269.20M 16,367.88M 16,909.62M 17,799.72M
EBITDA 39,634.02M 39,400.68M 39,694.53M 41,878.17M 41,831.42M
Diluted EPS 0.86 0.84 0.79 0.82 0.86
Dividends Per Share 0.37 0.35 0.35 0.41 0.41
Total Assets 217,284.82M 219,892.64M 218,863.79M 233,739.70M 223,707.71M
Total liabilities 73,992.91M 78,158.02M 77,538.81M 81,884.51M 69,927.46M
Total equity 142,958.74M 141,267.69M 140,876.46M 151,356.87M 153,284.44M
Operating cash flow 37,805.63M 40,278.47M 40,531.74M 38,666.68M 33,022.45M

Valuation Measures

Dec 2018
PER11.05
ROA7.79%
ROE11.70%
Operating margin16.64%
Profit margin15.98%

Key executives

  • Chief Executive Officer & Executive Director: Yue Li
  • Chief Financial Officer, Executive Director & VP: Xin Dong
  • Secretary: Wai Lan Wong

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (72.7%)
  • The Vanguard Group, Inc. (0.9%)
  • BlackRock Fund Advisors (0.7%)
  • The Caisse de depot et placement du Quebec (0.3%)
  • Norges Bank Investment Management (0.3%)
  • FIL Investment Management (Hong Kong) Ltd. (0.2%)
  • State Street Global Advisors Asia Ltd. (0.2%)
  • Hang Seng Investment Management Ltd. (0.2%)
  • Thornburg Investment Management, Inc. (0.2%)
  • Dimensional Fund Advisors LP (0.2%)

Contact Details

Related Companies

  • China Mobile International (UK) Ltd.
  • China Mobile Communications Group Fujian Co., Ltd.
  • China Mobile International (USA), Inc.
  • 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 Communication Group Chongqing Co., Ltd.

Competitors

  • China Unicom (Hong Kong) Limited
  • China Telecom Corp. Ltd. Class H
  • GDS Holdings Ltd. Sponsored ADR Class A
  • Skyworth Digital Co., Ltd. Class A
  • VEON Ltd. Sponsored ADR
Last Updated on 18 Sep, 2019

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