Core Insights - China Mobile reported a net profit of 115.4 billion RMB for the first three quarters, representing a year-on-year growth of 4% [1] - The company's operating revenue for the same period reached 794.7 billion RMB, showing a slight increase of 0.4% year-on-year [1] - Communication service revenue amounted to 683.1 billion RMB, with a year-on-year growth of 0.8% [1] - Revenue from product sales and other services declined to 111.5 billion RMB, reflecting a year-on-year decrease of 1.7% [1]

中国移动前三个月净利润1,154亿元人民币，同比增长4%。 ...

除手机外，蜂窝物联网也是eSIM应用的另一个主战场，而且是发展更为迅速的一个领域。目前，eSIM已广泛应用于 智能穿戴、智能表计、车联网、工业互联网等领域，为物联网各类场景网络接入提供便捷手段。从用户视角看，物联 网eSIM需求更强烈，对场景的支持更加明显。本次在对手机eSIM启动全面商用，支持eSIM整个产业链加速完善，客 观上也推动物联网eSIM进一步发展。 物联网eSIM对用户的价值明显 近期，针对eSIM的宣传较多，对于eSIM基本概念已有大量普及。eSIM作为蜂窝通信设备用户身份识别模块新的形 态，相对于实体Sim卡有多重显著优势，一个看得见的优势是支持取消卡槽，为各类终端节省出一定空间，为设备的 小型化设计、散热等带来实实在在的好处；另外，传统Sim卡依赖金属触点，在频繁震动、高温高湿、盐雾等恶劣场 景下，容易造成Sim卡接触不良或氧化，从而导致通信中断，而eSIM作为嵌入式的模组，在这方面可靠性大大提升。 除了这些显而易见的好处外，eSIM还有诸多隐形优势，节约供应链物流成本较为典型，因为无需实体Sim卡，可以大 大简化卡片的制作、包装、物流、库存等环节，节约相关厂商成本。用户也可以获得"无感" ...

Core Insights - China Mobile reported its unaudited performance and operational data for the first three quarters of 2025, showing a revenue of RMB 794.7 billion, a year-on-year increase of 0.4% [1] - The company's communication service revenue reached RMB 683.1 billion, growing by 0.8% year-on-year [1] - Shareholder profit stood at RMB 115.4 billion, reflecting a 4.0% increase compared to the previous year [1] Group Performance - The total number of mobile customers reached 1.009 billion, with 622 million being 5G network customers [1] - The number of fixed broadband customers was 329 million [1] - Mobile internet traffic increased by 8.3% year-on-year, with mobile data usage (DOU) reaching 17.0 GB, up by 8.1% [1] - The mobile ARPU (Average Revenue Per User) was RMB 48.0 [1] Personal Market - The company focused on expanding its segmented market and enhancing value management, implementing growth plans for customer retention and service upgrades [1] - The mobile customer base grew to 1.009 billion, with 5G customers at 622 million [1] Family Market - China Mobile emphasized the "Mobile Love Home" brand, creating a family-centered integrated business model [2] - The total number of fixed broadband customers reached 329 million, with a net increase of 14.2 million in the first three quarters [2] - The family broadband customer count was 288 million, with a net increase of 9.76 million [2] - The comprehensive ARPU for family customers was RMB 44.4 [2] Government and Enterprise Market - The company strengthened its platform-based operational system and refined its customer management for both government and enterprise sectors [2] - The DICT (Data, Information, Communication Technology) business revenue showed good growth, with AI-related income experiencing rapid increases [2] Emerging Markets - China Mobile is actively leveraging high-level opening opportunities to foster international business growth [2] - The company is deepening its "content + technology + integrated innovation" operations, achieving steady growth in key product customer scales [2]

Core Insights - China Mobile announced that by Q3 2025, the total number of customers reached 1.009 billion, with a net increase of 3.996 million customers in the current quarter and a cumulative net increase of 4.559 million customers for the year [1] - The number of 5G network customers stands at 622 million [1] - The total number of fixed broadband customers is 329 million, with a net increase of 5.537 million customers in the current quarter and a cumulative net increase of 14.196 million customers for the year [1] Customer Growth - Total customer base reached 1.009 billion by Q3 2025 [1] - Net increase of 3.996 million customers in the current quarter [1] - Cumulative net increase of 4.559 million customers for the year [1] 5G Network - 5G network customers totaled 622 million [1] Fixed Broadband - Total fixed broadband customers reached 329 million [1] - Net increase of 5.537 million customers in the current quarter [1] - Cumulative net increase of 14.196 million customers for the year [1]

Core Insights - The core point of the article is that China Mobile reported its operating revenue and net profit for the first three quarters of 2025, showing modest growth in both metrics compared to the previous year [1] Financial Performance - Operating revenue for the first three quarters of 2025 reached RMB 794.7 billion, reflecting a year-on-year increase of 0.4% [1] - The profit attributable to shareholders was RMB 115.4 billion, which represents a year-on-year growth of 4.0% [1]

Core Insights - China Mobile reported a total of approximately 1.009 billion mobile business customers as of Q3 2025, with a net increase of 3.996 million customers in the quarter [1] - The number of 5G network customers reached approximately 622 million [1] - The total number of fixed broadband customers was about 329 million, with a net increase of 5.537 million customers in the quarter [1] Customer Growth - Mobile business customer base increased by 3.996 million in Q3 2025 [1] - Fixed broadband customer base saw a net addition of 5.537 million in the same quarter [1] 5G Network Expansion - 5G network customer count stands at approximately 622 million, indicating significant adoption [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA MOBILE LIMITED 中國移動有限公司 （根據公司條例在香港註冊成立之有限公司） 股份代號：941（港幣櫃台）及 80941（人民幣櫃台） 2025年三季度客戶數據 中國移動有限公司 楊 杰 董事長 香 港，2025年10月20日 – 1 – 前瞻性陳述 中國移動有限公司（「本公司」）董事會（「董事會」）宣 佈2025年三季度本公司及其 各附屬公司（「本集團」）的 客 戶 數 據，詳 情 如 下： 本 公 告 中 所 包 含 的 前 瞻 性 陳 述 不 構 成 亦 不 應 視 為 本 公 司 作 出 的 承 諾。這 些 前 瞻 性 陳 述 涉 及 已 知 和 未 知 的 風 險、不 確 定 性 以 及 其 他 因 素，而 這 些 因 素 可 能 導 致 本 公 司 的 實 際 表 現、財 務 狀 況 或 經 營 業 績 與 這 ...

Financial Performance - Operating revenue for the first three quarters of 2025 reached RMB 794.7 billion, a year-on-year increase of 0.4%[3] - Communication service revenue amounted to RMB 683.1 billion, reflecting a year-on-year growth of 0.8%[3] - EBITDA for the period was RMB 265.4 billion, with a year-on-year increase of 0.9%[3] - The company reported a net profit attributable to shareholders of RMB 115.4 billion, representing a year-on-year growth of 4.0%[4] - The EBITDA margin improved to 33.4%, compared to 33.2% in the previous year[4] - Communication service revenue reached RMB 683.1 billion, growing by 0.8% year-on-year, while sales of products and other revenues decreased by 1.7% to RMB 111.5 billion[14] - The group's net profit attributable to shareholders was RMB 115.4 billion, reflecting a year-on-year growth of 4.0%, with a profit margin of 14.5%[11] - EBITDA for the same period was RMB 265.4 billion, an increase of 0.9%, representing 38.8% of communication service revenue[11] Customer Metrics - The number of mobile customers reached 1.009 billion, with 5G network customers totaling 622 million[3] - The total number of fixed broadband customers reached 329 million, with a net increase of 14.2 million in the first three quarters[8] - The household broadband customer base reached 288 million, with a net increase of 9.76 million during the same period[8] - The average revenue per user (ARPU) for mobile services was RMB 48.0, down from RMB 49.5[5] Operational Efficiency - The group aims to position itself as a "world-class information service technology innovation company," focusing on deepening reforms and enhancing operational efficiency[11] - Network operation and support costs were RMB 205.1 billion, slightly down from RMB 206.3 billion in the previous year[14] - Employee compensation and related costs increased to RMB 117.2 billion from RMB 114.0 billion year-on-year[14] Assets and Liabilities - Total assets as of September 30, 2025, increased to RMB 2,109,124 million, compared to RMB 2,108,127 million as of December 31, 2024, reflecting a slight growth of 0.05%[18] - Non-current assets decreased from RMB 1,539,568 million in 2024 to RMB 1,601,345 million in 2025, with fixed assets specifically declining from RMB 714,494 million to RMB 672,651 million, a decrease of approximately 5.85%[18] - Current assets totaled RMB 507,779 million, down from RMB 568,559 million in the previous year, indicating a decrease of about 10.68%[18] - The company's total liabilities decreased from RMB 711,588 million in 2024 to RMB 704,171 million in 2025, a reduction of approximately 1.8%[21] - The equity attributable to shareholders increased to RMB 1,401,788 million, up from RMB 1,392,032 million, representing a growth of about 0.11%[21] Cash Flow and Investments - Operating cash flow for the nine months ended September 30, 2025, was RMB 161,047 million, compared to RMB 224,075 million for the same period in 2024, a decline of approximately 28.14%[23] - The company reported a net cash inflow from operating activities of RMB 197,727 million for the nine months ended September 30, 2025, down from RMB 258,591 million in the previous year, a decrease of approximately 23.50%[23] - Net cash outflow from investment activities was RMB 141,841 million for the nine months ended September 30, 2025, compared to RMB 127,014 million in the same period of 2024, representing an increase of 11.4%[26] - The company reported a decrease in cash and cash equivalents at the end of the period to RMB 97,619 million as of September 30, 2025, down from RMB 121,279 million at the end of September 30, 2024[28] Dividends and Financing - The company paid dividends to shareholders amounting to RMB 103,410 million for the nine months ended September 30, 2025, compared to RMB 97,458 million in the same period of 2024, reflecting a year-over-year increase of 6.5%[28] - The company reported a net cash outflow from financing activities of RMB 88,661 million for the nine months ended September 30, 2025, compared to RMB 117,323 million in the same period of 2024, indicating a decrease of 24.5%[28] Other Financial Metrics - Basic earnings per share rose to RMB 5.34 from RMB 5.18 year-on-year[16] - The total comprehensive income for the period was RMB 114.6 billion, compared to RMB 111.9 billion in the previous year[16] - Interest income from financial investments was RMB 7,851 million for the nine months ended September 30, 2025, compared to RMB 5,700 million in the same period of 2024, marking an increase of 37.7%[26] - The company disposed of financial assets measured at fair value, resulting in a gain of RMB 32,838 million for the nine months ended September 30, 2025, compared to RMB 41,597 million in the same period of 2024[26] - The cash received from the exercise of stock options was RMB 5,304 million for the nine months ended September 30, 2025, compared to RMB 4,051 million in the same period of 2024, showing an increase of 30.8%[28] - The company recorded a decrease in the statutory deposit reserve of RMB 1,034 million for the nine months ended September 30, 2025, compared to RMB 49 million in the same period of 2024[26]

Core Viewpoint - The company, Teruid (300001.SZ), is actively providing diversified power equipment solutions tailored for the data center industry, emphasizing its innovative approaches and established partnerships with major clients [2]. Group 1: Company Offerings - Teruid offers a variety of power equipment solutions for data centers, including core switchgear products and box transformer products [2]. - The company has developed a 110kV prefabricated modular substation to quickly address the power supply and transformation needs of data centers [2]. - Teruid has innovatively designed power modules for data centers, utilizing prefabricated solutions to standardize deployment, which integrates transformers, UPS, and distribution cabinets [2]. Group 2: Efficiency and Cost-Effectiveness - The prefabricated solutions significantly shorten construction periods, reduce costs, and enhance delivery efficiency for data center projects [2]. - The company leverages its technical strength and high-quality product services to establish strong partnerships with leading data center operators [2]. Group 3: Client Relationships - Teruid has formed successful collaborations with prominent companies in the industry, including China Mobile, China Telecom, Alibaba, ProLogis, and ByteDance [2].