Business Description

China Mobile Ltd. is an investment holding company. It provides telecommunications services and related services in Mainland China. The firm offers communications services in all autonomous regions, 31 provinces, and directly-administered municipalities throughout Hong Kong Special Administrative Region and Mainland China. The company was founded in Hong Kong on September 3, 1998.

Key Financials

Revenue (US$ Mn)

• US$ 1,25,738 Mn was the annual revenue generated by China Mobile Limited in 2021
• China Mobile Limited’s annual revenue for 2020 was US$ 1,13,852 Mn, a 6.28% increase from 2019
• From 2018’s annual revenues, China Mobile Limited registered a -3.78% decrease in 2019, amounting to US$ 1,07,125 Mn
• Total revenue of US$ 1,11,333 Mn was generated in 2018 by China Mobile Limited

Operating Income (US$ Mn)

• China Mobile Limited’s operating income for 2021 was US$ 18,284 Mn, an 11.93% increase from the 2020
• The operating income generated by China Mobile Limited in 2020 was US$ 16,335 Mn
• At a -10.73% decrease from, China Mobile Limited’s operating income of US$ 16,373 Mn was indexed in 2019
• China Mobile Limited generated an operating income of US$ 18,342 Mn in 2018

Net Income (US$ Mn)

• US$ 18,003 Mn was the net income generated by China Mobile Limited in 2021
• China Mobile Limited’s net income for 2020 was US$ 15,626 Mn, a 1.26% increase from 2019
• From 2018’s net incomes, China Mobile Limited registered a -13.29% decrease in 2019, amounting to US$ 15,431 Mn
• A net income of US$ 17,797 Mn was generated in 2018 by China Mobile Limited

Operating Margin %

• China Mobile Limited’s operating margin for 2021 was 37%, a -1.08% decrease from 2020
• The operating margin generated by China Mobile Limited in 2020 was 37%
• At a -5.49% decrease from, China Mobile Limited’s operating margin of 16% was indexed in 2019
• China Mobile Limited generated an operating margin of 17% in 2018

SWOT Analysis

Strengths

Expansive network infrastructure

The company’s integrated network is capable of supporting transmissions using both 4G and 5G standards. The company has more than 3 million 4G base stations and 50,000 5G stations. This covers more than 91% of China’s population. The company’s 4G customer base grew 6.4% to 758 million customers in FY2019. Since November 2019, the company has been offering 5G services.

The company currently serves 32 million 5G customers. The company’s strong network capabilities and industry-leading customer support quality led to a rapid increase in data traffic. The company’s smartphone data traffic grew to 65.8 Billion gigabytes during FY2019, compared with 34.6 Billion gigabytes in FY2018.

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