1. Hong Kong Stocks

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    Communications

  3. •

    Specialty telecommunications
China Mobile Limited Class A

China Mobile Limited Class A

65.70
CNY
-0.25
(-0.38%)
5.69EPS
12.64P/E
2.26TMarket Cap
Mar 25Next Earn
China Mobile Limited Class A
HKEX:80941
(Hong Kong Exchange)

Recent

price

65.70

P/E

ratio

12.64

div

yld

6.03%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
16.52
18.31
19.78
21.75
21.93
22.34
23.63
24.7
24.58
24.88
25.62
28.3
29.99
32.25
33.16
48.62
42.95
Revenue per Share
4.07
4.28
4.4
3.97
3.68
3.63
3.63
3.81
3.93
3.56
3.6
3.87
4.01
4.21
4.41
6.35
5.69
Basic EPS, GAAP
7.8
7.64
7.72
7.63
7.22
7.75
8.34
1.71
0.37
1.42
3.91
3.58
2.73
3.92
5.09
3.52
- -
Free Cash Flow per Basic Share
1.71
1.79
1.88
1.89
1.71
1.6
1.57
3.54
2
1.78
1.99
1.92
2.78
2.91
3.11
4.79
3.96
Dividend per Share
19.61
22.09
24.59
26.8
29.64
30.6
32.66
32.88
35.11
36.82
38.33
38.65
41.48
42.85
44.19
45.08
42.82
Book Value per Share
17.92
20.37
22.82
24.84
27.6
28.51
30.53
30.7
32.92
34.98
36.37
36.75
38.82
40.13
41.39
41.84
41.26
Tangible Book Value per Share
29,371
29,379
29,412
29,427
29,708
29,921
29,975
29,975
29,975
29,975
29,975
29,975
31,251
31,294
31,385
21,600
23,871
Basic Weighted Avg Shares
485,231
537,806
581,835
640,048
651,509
668,335
708,421
740,514
736,819
745,917
768,070
848,258
937,259
1,009,309
1,040,759
1,050,187
1,025,334
Sales/Revenue/Turnover
32.96
30.37
27.56
22.17
19.51
17.3
18.23
18.42
17.3
16.35
15.57
14.65
14.4
14.31
15.18
15.02
15.04
Operating Margin (%)
86,590
97,492
101,262
111,960
123,324
137,532
139,032
150,741
154,621
182,818
172,401
193,045
200,077
207,132
191,101
189,999
- -
Depreciation Expense
119,640
125,870
129,274
116,791
109,218
108,539
108,741
114,279
117,781
106,641
107,843
116,148
125,459
131,766
138,373
137,095
135,794
Net Income, GAAP
24.55
24.37
24.47
23.92
23.28
24.41
24.66
22.76
23.36
24.87
24.04
23.58
22.89
22.63
22.35
21.83
22.31
Effective Tax Rate (%)
24.66
23.4
22.22
18.25
16.76
16.24
15.35
15.43
15.99
14.3
14.04
13.69
13.39
13.06
13.3
13.05
13.24
Profit Margin (%)
66,202
109,441
148,797
96,276
34,433
-12,341
50,256
28,214
60,718
67,799
62,469
13,223
-76,966
-60,461
-64,459
-115,914
-20,072
Working Capital
28,615
28,617
28,619
4,989
4,992
4,995
- -
- -
- -
51,635
42,460
30,922
81,741
67,759
55,930
58,690
62,222
LT Debt
577,403
650,419
725,309
790,724
888,983
920,368
982,138
988,881
1,055,809
1,107,289
1,152,772
1,210,292
1,301,423
1,345,985
1,396,539
1,432,851
1,348,569
Total Equity
19.63
17.89
15.91
12.74
10.55
8.48
9.22
9.31
9.05
7.59
7.13
7.24
7.44
7.29
7.62
7.83
7.66
Return on Invested Capital (%)
20.82
19.56
18.07
15.16
12.95
11.95
11.38
11.57
11.51
9.74
9.15
9.48
9.47
9.38
9.59
9.24
9.66
Return on Capital (%)
22.1
20.55
18.84
15.45
13.04
12.03
11.47
11.63
11.56
9.89
9.57
9.86
10.02
9.99
10.12
9.72
10.15
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
35,175
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
67,759
66,013
62,222
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31,315
31,312
31,391
Market Capitalization
1,849,151
1,946,011
2,256,988

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
498,104
557,972
534,183
Cash, Cash Equivalents & STI
363,923
376,126
345,734
Accounts Receivable, Net
54,881
87,070
84,342
Inventories
12,026
12,847
12,616
Total Current Liabilities
558,565
566,125
554,255
Payables & Accruals
- -
- -
- -
ST Debt
35,175
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.55%
4.46%
2.6%
Free Cash Flow
30.53%
-1.51%
-52.45%
Net Income, GAAP
2.48%
4.97%
-0.92%
Sales/Revenue/Turnover
4.69%
6.53%
0.91%
Total Cash Common Dividend
14.65%
13.04%
6.11%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
263,707
283,037
- -
- -
1,040,759
2025
- -
- -
- -
- -
1,050,187
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.94
2.36
- -
- -
4.41
2025
- -
- -
- -
- -
6.35
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2.19
- -
- -
3.11
2025
- -
- -
- -
- -
4.79
2026
- -
- -
- -
- -
- -
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Business
China Mobile Limited (600941.SS) is the leading telecommunications services provider in mainland China, offering voice, data, broadband, dedicated lines, internet data centers, cloud computing, IoT and other services across its Customer, Home, Business and New (CHBN) markets in all 31 provinces, autonomous regions and directly-administered municipalities as well as Hong Kong SAR. Incorporated in Hong Kong in 1997 and headquartered in Central, Hong Kong, the company serves over 1,005 million mobile customers including 622 million 5G users and 328 million wireline broadband customers as of September 2025; it is a subsidiary of China Mobile Communications Group Co., Ltd., which holds approximately 69% of its shares. In the Customer market, it provides mobile voice, wireless data traffic, 5G services, AI-powered products like China Mobile Cloud Drive and Lingxi smart agent; in the Home market, wireline broadband including gigabit and FTTR, smart home solutions under the China Mobile Aijia (AI Home) brand; in the Business market, dedicated lines, IDC, cloud computing, DICT, IoT connections, system integration and industry-specific applications; and in the New market, international operations, digital content via MIGU Video, fintech, e-commerce and equity investments. Recent developments include the launch of the "AI+" initiative and Jiutian industrial large models, establishment of the Jiutian AI Research Institute and Embodied AI Industry Innovation Center, world's first small-scale 6G trial network, over 2.6 million 5G base stations, 33.3 EFLOPS of intelligent computility, acquisition of a 14.76% stake in HKBN for HK$1.08 billion to enhance Greater Bay Area integration, and RMB Share listing on the Shanghai Stock Exchange in January 2022 with addition of RMB counter trading in Hong Kong in June 2023. For the first half of 2025, operating revenue reached RMB543.8 billion with telecommunications services revenue up 0.7% year-over-year to RMB467.0 billion, EBITDA margin expanding to 34.2%, and an interim dividend of HK$2.75 per share representing a 5.8% increase.