China Mobile Limited Class A

China Mobile Limited Class A

2.52
SGD
+0.01
(+0.40%)
0.46EPS
Mar 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.32
4.36
4.44
4.7
4.91
4.89
4.95
5.09
5.62
5.96
6.41
6.59
48.62
18.47
Basic EPS, GAAP
0.79
0.73
0.72
0.72
0.76
0.78
0.71
0.72
0.77
0.8
0.84
0.88
6.35
2.45
Free Cash Flow per Basic Share
1.52
1.43
1.54
1.66
0.34
0.07
0.28
0.78
0.71
0.54
0.78
1.01
3.52
- -
Dividend per Share
0.37
0.34
0.32
0.31
0.7
0.4
0.35
0.4
0.38
0.55
0.58
0.62
4.79
1.7
Book Value per Share
5.33
5.89
6.08
6.49
6.54
6.98
7.32
7.62
7.68
8.25
8.52
8.78
8.96
8.51
Tangible Book Value per Share
4.94
5.49
5.67
6.07
6.1
6.54
6.95
7.23
7.3
7.72
7.98
8.23
8.32
8.2
Basic Weighted Avg Shares
148,053
149,467
150,536
150,809
150,809
150,809
150,809
150,809
150,809
157,228
157,444
157,902
21,600
55,526
Sales/Revenue/Turnover
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
Operating Margin (%)
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
Depreciation Expense
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
- -
Net Income, GAAP
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
Effective Tax Rate (%)
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
Profit Margin (%)
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
Working Capital
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
LT Debt
4,989
4,992
4,995
- -
- -
- -
51,635
42,460
30,922
81,741
67,759
55,930
58,690
62,222
Total Equity
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
Return on Invested Capital (%)
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 Capital (%)
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 Common Equity (%)
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

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
157,552
157,534
157,932
Market Capitalization
- -
- -
- -

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
0.19
2.36
- -
- -
0.88
2025
- -
- -
- -
- -
6.35
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2.19
- -
- -
0.62
2025
- -
- -
- -
- -
4.79
2026
- -
- -
- -
- -
- -

Company Description

CEO
Yang Fan Chen
Full Time Employees
461,345
Sector
Communications
Industry
Specialty telecommunications
Address
The Center Hong Kong Hong Kong 100033
IPO Date
Oct 23, 1997
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.