CHINA MOBILE(600941)2024-04-30 10:17Group 1: New Quality Productivity Development - The government work report has identified the cultivation and development of new quality productivity as one of the top ten tasks for this year, emphasizing its importance for high-quality development [2][3] - New quality productivity is characterized by innovation-driven growth, with a focus on significantly enhancing total factor productivity [3] - The application of digital intelligence technologies, particularly AI, plays a crucial role in the development of new quality productivity [3][4] Group 2: Strategic Initiatives and Infrastructure - China Mobile is focusing on building a new type of information infrastructure centered around 5G, computing networks, and capability platforms [4] - The company has launched the "BASIC6" innovation plan to integrate technology innovation with industrial chain layouts [4] - The internal implementation of AI+ initiatives has led to the deployment of 28,000 digital employees, enhancing operational efficiency [4] Group 3: Computing Network Development - China Mobile proposed the concept of "computing network" three years ago, which has now gained consensus across various sectors [5][6] - The company aims to provide integrated services that combine computing and networking, making computing services as accessible as tap water [5] - The "Computing Network Brain" project is being developed to achieve intelligent scheduling and task allocation across the country [6] Group 4: Artificial Intelligence Strategy - The company has initiated the AI+ strategy, positioning AI development as a major strategic focus [7][8] - A dedicated team of nearly 1,500 is working on AI research, with over 450 AI applications already in place [7] - The company plans to enhance its AI infrastructure and develop a comprehensive model system across various industries [7][8] Group 5: Capital Expenditure and Financial Management - The total capital expenditure for this year is planned at CNY 173 billion, a 4% decrease from last year, with a significant increase in computing-related investments to CNY 47.5 billion [8][9] - The peak investment period for 5G has passed, and future capital expenditures will focus more on computing [8] - The company has committed to a cash dividend policy, aiming to distribute over 75% of the annual profit to shareholders within three years starting from 2024 [10][11]