CHINA MOBILE(600941) 华尔街见闻·2025-04-22 11:13Core Insights - China Mobile reported a stable revenue of 263.8 billion RMB in Q1 2025, unchanged from the previous year, with communication service revenue of 222.4 billion RMB, reflecting a year-on-year growth of 1.4% [1][3] - The company achieved a significant increase in net profit, with a total of 30.6 billion RMB, marking a 3.5% year-on-year growth, and a non-GAAP net profit of 28.9 billion RMB, which is a 10.8% increase compared to the previous year [1][3] - The number of 5G network customers surged to 578 million, with a quarterly increase of 26 million, indicating robust growth in the 5G segment [1][6] Revenue Performance - Total revenue for Q1 2025 was 263.8 billion RMB, consistent with the previous year, while main business revenue rose to 222.4 billion RMB, up 1.4% [1][3] - Other business revenue decreased by 6.8% to 41.4 billion RMB [1][3] - EBITDA reached 80.7 billion RMB, showing a year-on-year growth of 3.4%, with the EBITDA margin improving from 29.6% to 30.6% [3] Customer Metrics - The total number of mobile customers stood at 1.003 billion, slightly down by 0.94 million from the previous quarter, while 5G customers increased to 578 million [5][6] - The average revenue per user (ARPU) for mobile services rose to 46.9 RMB, reflecting a month-on-month increase [5][6] - The number of fixed broadband customers reached 320 million, with a net addition of 5.48 million in the quarter, significantly higher than the previous quarter's 970,000 [4][6] Strategic Developments - The enterprise market revenue share has increased, with a focus on AI and digital transformation projects, indicating a strategic shift towards becoming a digital service provider [6] - The company is implementing its "1225" strategy, focusing on upgrading its services and enhancing digital living, production, and governance [6]