CHINA MOBILE(600941)2024-08-08 08:28Financial Performance - For the first half of 2024, China Mobile reported a revenue of RMB 546.7 billion, marking a significant increase compared to the previous year[7]. - In the first half of 2024, the company's revenue reached RMB 546.7 billion, a year-on-year increase of 3.0%, with core business revenue at RMB 463.6 billion, up 2.5%[13]. - The net profit attributable to shareholders was RMB 80.2 billion, reflecting a 5.3% year-on-year growth, with basic earnings per share at RMB 3.75[13]. - The company's EBITDA for the first half of 2024 was 182.7 billion RMB, a decrease of 0.6% from the previous year, with an EBITDA margin of 33.3%[46][58]. - The total comprehensive income for the six months ended June 30, 2024, was RMB 81,802 million, compared to RMB 77,892 million in the same period of 2023, indicating an increase of 5.4%[153]. - The company reported a profit distribution of RMB 46,898 million to shareholders during the period[157]. Customer Base and Market Segments - The total number of mobile customers reached 1 billion, while the number of fixed broadband customers stood at 309 million as of June 30, 2024[7]. - The personal market revenue was RMB 255.2 billion, with mobile customers surpassing 1 billion, and 5G network customers reaching 514 million, a penetration rate of 51.4%[18]. - The family market revenue grew to RMB 69.8 billion, a 7.5% increase, with broadband customers reaching 272 million and a gigabit broadband penetration rate of 33.5%[19]. - The enterprise market revenue was RMB 112.0 billion, up 7.3%, with a customer base of 30.38 million, and a public tender win rate of 18.4%[20]. - Emerging market revenue reached RMB 26.6 billion, growing by 13.2%, with international business revenue at RMB 11.8 billion, a 16.3% increase[23]. Technological Development and Innovation - China Mobile aims to enhance its information service capabilities through the implementation of the "AI+" initiative and the "BASIC" innovation plan[12]. - The company is focused on building a new information service system centered around "connection + computing power + capabilities" to meet the growing digital needs[7]. - The company achieved a total of 8.2 EFLOPS in general computing power and 19.6 EFLOPS in intelligent computing power, with 13 intelligent computing center nodes launched in key regions[25]. - The company has over 1,100 capabilities available through its "AaaS+" initiative, with a total of 319.7 billion calls made to these capabilities in the first half of the year[25]. - The company launched the world's first 800G+ hollow-core fiber experimental network, achieving a 128TB/s data transmission over 20 kilometers[29]. - The company has released 17 self-developed industry-specific large models in the first half of the year, accumulating 450 AI capabilities and empowering nearly 1,000 industry applications[30]. Financial Technology and Digital Transformation - The digital transformation revenue reached RMB 147.1 billion, growing by 11.0% year-on-year, accounting for 31.7% of core business revenue[13]. - The company reported a significant growth in financial technology services, with industry chain financial business scale reaching RMB 37.9 billion, a 72.1% year-on-year increase[23]. Workforce and Operational Scale - As of June 30, 2024, China Mobile's workforce totaled 450,000 employees, reflecting its extensive operational scale[7]. - The company is committed to high-quality development and aims to strengthen its position as a leading information service provider globally[7]. Shareholder and Dividend Information - The company declared an interim dividend of HKD 2.60 per share, representing a year-on-year growth of 7.0%[3]. - The company plans to distribute an interim dividend of HKD 2.60 per share for 2024, representing a year-on-year increase of 7.0%[75]. Research and Development - Research and development expenses increased by 40.6% to 11.97 billion RMB, representing 2.2% of operating revenue, indicating a strong commitment to innovation[56]. - The company has established 34 research and development cooperation platforms and aims to strengthen international collaboration in innovation[38]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to enhancing its ESG management and has been recognized as a "five-star" company in the "2024 China ESG Listed Company Pioneer 100" list[39]. - The company achieved a comprehensive energy consumption and carbon dioxide emissions reduction of approximately 6% year-on-year as of June 30, 2023, meeting its annual reduction target[68]. - The average Power Usage Effectiveness (PUE) of the company's data centers improved from 1.37 to 1.33, indicating enhanced energy efficiency[68]. - The company has cumulatively assisted in reducing carbon emissions by approximately 162 million tons of CO2 as of June 30, 2023, through the application of AI and other new technologies[69]. Stock Options and Shareholder Structure - The company implemented a stock option incentive plan to align the interests of employees and shareholders, promoting long-term stability and performance improvement[78]. - The total number of stock options granted under the plan cannot exceed 2,047,548,289 shares, which is approximately 10% of the company's total share capital as of the approval date[81]. - The largest shareholder, China Mobile Hong Kong (BVI) Limited, holds 14,890,116,842 shares, representing 69.44% of total shares[101]. - The total number of unrestricted circulating shares is 21,298,406,436, accounting for 99.33% of total shares[92]. Financial Position and Assets - The total assets of the company increased by 1.5% to RMB 1,986,307 million as of June 30, 2024, compared to RMB 1,957,357 million at the end of 2023[45]. - The company's total equity as of June 30, 2024, was RMB 1,348,569 million, reflecting an increase of RMB 37,884 million from the previous period[157]. - The company reported a significant increase in accounts receivable, which rose by 53.7% year-on-year, attributed to the rapid development of government and enterprise business[59].