CHINA MOBILE(00941)2024-08-30 08:47Shareholder Information - The company repurchased a total of 2,377,000 shares at a total cost of HKD 154,555,920.75 during the six months ended June 30, 2024[13]. - Major shareholder China Mobile Group holds 42,367,000 shares, representing 69.64% of the total issued shares[5]. - The company will withhold 10% corporate income tax on the interim dividend for non-resident corporate shareholders[21]. - The company declared an interim dividend of HKD 2.60 per share, a 7.0% increase compared to the previous year[61]. - The company paid dividends amounting to RMB 46,924 million during the period, consistent with its commitment to returning value to shareholders[110]. Financial Performance - In the first half of 2024, the operating revenue reached RMB 463.589 billion, a year-on-year increase of 2.60% compared to RMB 452.238 billion in the first half of 2023[38]. - The total operating revenue for the first half of 2024 reached RMB 546,744 million, compared to RMB 530,719 million in the same period of 2023, reflecting a growth of approximately 3.4%[54]. - The company reported a profit attributable to shareholders of RMB 80,201 million, an increase from RMB 80,201 million in the first half of 2023[54]. - The net profit attributable to shareholders was RMB 80.20 billion, reflecting a 5.3% year-on-year growth, with earnings per share at RMB 3.75[73]. - The total comprehensive income for the period was RMB 81,735 million, compared to RMB 77,826 million in the previous year, indicating a growth of around 5.4%[110]. Revenue Breakdown - Communication service revenue reached RMB 463,589 million, up 2.9% from RMB 452,238 million year-on-year[96]. - Revenue from emerging markets amounted to RMB 26.6 billion, reflecting a year-on-year growth of 13.2%[39]. - International business revenue reached RMB 11.8 billion, with a year-on-year increase of 16.3%[39]. - Digital content revenue was RMB 14.5 billion, showing an 11.3% year-on-year growth, with cloud gaming active users reaching 123 million, the largest in the industry[39]. - Financial technology business scale reached RMB 37.9 billion, a significant year-on-year increase of 72.1%, with the number of service chain enterprises growing by 55.5%[39]. Operational Highlights - The company has achieved a total of 438 million households with gigabit coverage, with 100% of urban areas and over 97% of rural areas expected to have gigabit platform capabilities by June 2024[43]. - The company has signed contracts for over 70 intelligent computing projects, with a cumulative contract amount exceeding RMB 2 billion in the intelligent network business sector[45]. - The company has launched over 1,019 new video access routes in the visual internet sector, achieving a cumulative total of 70.3 million video cloud connections[45]. - The company has constructed the world's largest and most comprehensive 400G all-optical backbone network, enhancing low-latency computing services[43]. - The company has developed a national-level computing network with a general computing capacity of 8.2 EFLOPS (FP32) and intelligent computing capacity of 19.6 EFLOPS (FP16)[43]. Investment and Expenditure - The capital expenditure for the period was RMB 64 billion, with free cash flow amounting to RMB 67.4 billion[61]. - In the first half of the year, the company invested a total of RMB 31.4 billion in 5G network construction, with over 2.29 million 5G base stations opened, including 705,000 700MHz 5G base stations[43]. - The company's total investment in fixed assets and other intangible assets was RMB 73,460 million, down from RMB 79,646 million, a reduction of 7.3%[114]. - The company’s total liabilities decreased to RMB 637,738 million from RMB 646,672 million, a reduction of approximately 1.4%[101]. - The company’s cash and cash equivalents were not explicitly detailed in the provided data, but the overall financial position indicates a stable liquidity status[101]. Corporate Governance and Compliance - The company has fully complied with the Corporate Governance Code as per the Hong Kong Listing Rules during the six months ended June 30, 2024[16]. - The audit committee reviewed the unaudited consolidated interim financial information for the six months ended June 30, 2024[15]. - The company received a "five-star" rating in the "2024 China ESG Listed Company Pioneer 100" list, reflecting its commitment to sustainable development and corporate governance[91]. - The company is actively participating in the standardization of 6G technology, with commercial use expected by 2030, indicating a long lifecycle for 5G equipment[150]. - The company has established 34 research and development cooperation platforms and formed its first international cooperation platform, enhancing innovation collaboration[89]. Strategic Initiatives - The company aims to enhance AI service models and expand the scale effects of "AI+" in various industries[29]. - The company is focusing on the development of new technologies such as AI, computing networks, and big data, which are expected to drive significant new market opportunities[92]. - The company plans to continue strengthening strategic partnerships with governments, enterprises, and educational institutions to promote cross-industry collaboration and innovation[89]. - The company aims to enhance its position as a world-class information service technology innovation company, focusing on long-term value growth and quality efficiency[62]. - The company aims to create greater value for shareholders and customers through continuous innovation and development[93].