2022-04-21 11:43Financial Performance - For Q1 2022, China Mobile reported operating revenue of RMB 227.3 billion, a year-on-year increase of 14.6%[2] - The communication service revenue reached RMB 193.8 billion, growing by 9.1% compared to the previous year[6] - The net profit attributable to shareholders was RMB 25.6 billion, reflecting a 6.5% year-on-year growth[2] - EBITDA for the quarter was RMB 76.1 billion, up 5.6% year-on-year, with an EBITDA margin of 33.5%[2][6] - The profit before tax for the same period was RMB 33,642 million, up from RMB 31,483 million, reflecting a growth of 6.9% year-over-year[7] - The basic earnings per share for the period was RMB 1.20, compared to RMB 1.17 for the same period in 2021, reflecting a growth of 2.6%[10] Customer Metrics - The total number of mobile customers reached 967 million, with 467 million 5G package customers[4] - The number of fixed broadband customers stood at 249 million, with a net increase of 8.99 million in the quarter[4] - The average revenue per user (ARPU) for mobile services was RMB 47.5, a slight increase of 0.3% year-on-year[4] - The average revenue per user (ARPU) for fixed broadband services was RMB 32.4, reflecting a year-on-year growth of 1.8%[4] Revenue and Expenses - The operating revenue for the three months ended March 31, 2022, was RMB 227,320 million, an increase of 14.6% compared to RMB 198,429 million for the same period in 2021[7] - The operating expenses for the three months ended March 31, 2022, totaled RMB 202,699 million, an increase of 15.9% from RMB 174,772 million in the same period of 2021[7] - The network operation and support costs were RMB 67,746 million, an increase of 15.9% from RMB 58,405 million in the previous year[7] Cash Flow and Investments - The company reported a cash inflow from operating activities of RMB 86,044 million for the three months ended March 31, 2022, compared to RMB 81,505 million in the same period of 2021[13] - For the three months ended March 31, 2022, the company reported a net cash outflow from investment activities of RMB 20,417 million, compared to RMB 7,662 million in the same period of 2021, indicating a significant increase in investment expenditures[14] - The company recorded a net cash outflow from financing activities of RMB 18,127 million for the three months ended March 31, 2022, an improvement from RMB 24,239 million in the previous year[15] - The net increase in cash and cash equivalents for the period was RMB 39,226 million, down from RMB 44,371 million year-over-year[15] - As of March 31, 2022, the company's cash and cash equivalents totaled RMB 283,114 million, compared to RMB 257,207 million at the end of the same period in 2021, reflecting a year-over-year increase of approximately 10.1%[15] Assets and Liabilities - The total assets as of March 31, 2022, amounted to RMB 1,880,800 million, a slight increase from RMB 1,841,327 million at the end of 2021[11] - The total liabilities as of March 31, 2022, were RMB 594,671 million, a decrease from RMB 631,035 million at the end of 2021, indicating a reduction of 5.8%[12] Investment Activities - The company experienced a significant increase in cash outflows for the purchase of property, plant, and equipment, which rose to RMB 40,438 million from RMB 32,413 million year-over-year, marking an increase of approximately 24.5%[14] - The company reported a decrease in cash inflows from the sale and disposal of property, plant, and equipment, which fell to RMB 65 million from RMB 112 million in the previous year, a decline of approximately 41.1%[14] - The company received RMB 3,252 million in share subscription payments during the three months ended March 31, 2022, with no corresponding figure in the previous year[15] Cautionary Notes - The company cautioned investors that the performance and operational data presented are based on management accounts and are unaudited, advising careful consideration before reliance on such data[15]