2022-03-23 16:00Financial Performance - China Mobile's total revenue for 2021 reached RMB 848.3 billion, marking a significant growth compared to previous years[6] - Total revenue for 2021 reached RMB 848,258 million, an increase of 10.4% compared to RMB 768,070 million in 2020[15] - Main business revenue was RMB 751,409 million, reflecting an 8.0% growth from RMB 695,692 million in 2020[15] - Net profit attributable to shareholders was RMB 115,937 million, up 7.5% from RMB 107,837 million in 2020[15] - EBITDA for 2021 was RMB 311,008 million, a 9.1% increase from RMB 285,135 million in 2020[16] - The EBITDA margin decreased slightly to 36.7% from 37.1% in 2020[16] - Basic earnings per share rose to RMB 5.66, a 7.5% increase from RMB 5.27 in 2020[16] - Net cash flow from operating activities was RMB 314,764 million, a 2.3% increase from RMB 307,761 million in 2020[15] - Total assets increased to RMB 1,806,027 million, up 6.7% from RMB 1,692,582 million in 2020[15] - Shareholders' equity attributable to the parent company reached RMB 1,171,050 million, a 5.2% increase from RMB 1,113,616 million in 2020[15] Customer Base and Market Growth - The total number of mobile customers reached 957 million, while the number of broadband customers was 240 million as of December 31, 2021[6] - In 2021, the company achieved the highest revenue growth in ten years, driven by the acceleration of digital transformation in the economy and society[32] - The personal market revenue reached RMB 483.4 billion, a 1.4% increase, with mobile customers totaling 957 million, including 387 million 5G package customers[36] - The family market revenue grew to RMB 100.5 billion, a 20.8% increase, with broadband customers reaching 218 million, and smart home customer penetration at 76.8%[37] - The enterprise market revenue was RMB 137.1 billion, up 21.4%, with DICT revenue at RMB 62.3 billion, a 43.2% increase[38] - The number of 5G package customers surged to 387 million, representing a 134.4% increase year-on-year[57] Innovation and Technology - The company has been focusing on innovation and digital economy expansion, launching new services such as ultra-high-definition video and smart home solutions[6] - The company is focused on the "5G+" plan to enhance its service offerings and drive innovation in technology[32] - The company is focusing on the integration of "network + cloud + DICT" services to drive growth in key industries[38] - The company has made significant investments in new technologies and product development to stay competitive in the market[32] - The company has established a joint fund with the National Natural Science Foundation to focus on advanced research in next-generation information and communication technologies like 6G[45] Corporate Governance and Compliance - The company has fully complied with the Hong Kong Listing Rules and the Corporate Governance Code during the fiscal year ending December 31, 2021[98] - The board of directors consists of 50% independent non-executive directors, ensuring compliance with corporate governance standards[98] - The company has established a robust internal audit department to conduct independent audits across its business units[99] - The company has implemented a comprehensive risk management and internal control system, with annual evaluations conducted by the audit committee[99] - The company emphasizes effective communication with shareholders through various channels, including investor calls and meetings[107] Shareholder Returns and Dividends - The company reported a cash dividend payout ratio of 60% of the profit attributable to shareholders, with a final dividend of HKD 2.43 per share, representing a year-on-year increase of 38%[2] - The company plans to increase cash dividends to over 70% of the annual profit attributable to shareholders over the next three years[34] - The board proposed a final dividend of 2.43 HKD per share, with a total annual dividend of 4.06 HKD per share for 2021[147] Sustainability and Social Responsibility - The company has received multiple awards for its corporate governance and social responsibility, including recognition as a model for ESG practices[49] - The company has trained nearly 130,000 rural school principals through its "Blue Dream" project, contributing to poverty alleviation efforts[48] - The total donations made by the company during the year amounted to 79,833,821 RMB, compared to 76,449,383 RMB in 2020[148] Market Position and Competitive Landscape - China Mobile was included in the "Global 2000 Leading Companies" list by Forbes and ranked 68th in the "BrandZ™ Top 100 Most Valuable Global Brands" by Millward Brown in 2021[6] - The company serves 207 million 5G network customers, leading globally in both network and customer scale[41] - The company has over 100 deliverable 5G application scenario solutions and leads the industry in the number of 5G private network projects[45] Financial Management and Investments - The company achieved a debt rating equivalent to China's sovereign rating, with S&P rating at A+ and Moody's at A1, indicating strong financial strength[91] - The company maintained a strong interest coverage ratio of 17.52 times, indicating robust debt repayment capacity[87] - The company raised nearly 51.4 billion RMB from its A-share IPO, marking the largest IPO on the A-share main board in nearly a decade[51] Employee and Talent Management - The company emphasizes talent attraction and retention through a competitive compensation policy, with employee income consisting of base salary and performance bonuses[174] - The company has initiated a "Golden Seed Plan" for campus recruitment to attract high-potential graduates in key areas, supporting the development of a high-level talent pool[140] Research and Development - Research and development investment accounted for 2.2% of revenue in 2021, with nearly 14,000 R&D personnel[44] - The company reported a significant increase in research and development expenses, which rose by 40.3% to RMB 15.577 billion, accounting for 1.8% of operating revenue[81]