中国移动(00941) - 2023 - 中期业绩

Technological Innovation and Development - The company has accelerated technological innovation and expanded collaborative efforts, enhancing its innovation capabilities for future development[4]. - The company has established a technology innovation system called "One Body, Five Circles," which includes over 1,300 partner companies to promote high-quality development in the industry chain[5]. - The company has made significant breakthroughs in key technologies, including the release of the V2.0 version of the He Yun network security platform engine, which integrates 71 mainstream tools in the industry[5]. - The company is actively promoting the integration of 5G technology with various industries through its 5G innovation consortium[5]. - The company has launched a new artificial intelligence platform called "Nine Heavens," which supports over 830 applications across 27 fields[13]. - The company has expanded its open cooperation strategy, enhancing partnerships with local governments and enterprises to promote digital economy innovation[14]. Financial Performance - Operating revenue reached RMB 530.7 billion, an increase of 6.8% year-on-year; communication service revenue was RMB 452.2 billion, up 6.1%[24]. - Shareholders' profit attributable to the company was RMB 76.2 billion, reflecting an 8.4% year-on-year increase[24]. - Digital transformation revenue amounted to RMB 132.6 billion, growing 19.6% year-on-year, accounting for 29.3% of communication service revenue[24]. - The company reported a total comprehensive income of RMB 77,892 million for the six months ended June 30, 2023, compared to RMB 70,999 million for the same period in 2022, representing an increase of approximately 10.6%[60]. - The company’s capital expenditure was RMB 81.4 billion, with free cash flow increasing by 43.3% to RMB 79.1 billion[50]. - EBITDA was RMB 183.5 billion, representing a year-on-year increase of 5.5%[50]. Customer and Market Growth - Mobile customer base reached 985 million, with 5G package subscribers totaling 722 million; mobile ARPU increased by 0.2% to RMB 52.4[24]. - Fixed broadband customer count was 286 million, with household broadband subscribers at 255 million; household customer ARPU grew by 0.7% to RMB 43.3[24]. - The household market revenue reached RMB 64.9 billion, with a year-on-year growth of 9.3% and a net increase of 11.15 million household broadband customers[33]. - The enterprise market revenue was RMB 104.4 billion, increasing by 14.6%, with a net addition of 1.1 million enterprise customers[46]. - The number of mobile customers reached 985 million, with a net increase of 10.38 million[57]. - The number of 5G package customers reached 722 million, with a net increase of 108 million[57]. Revenue Streams - Big data revenue reached RMB 2.56 billion, representing a year-on-year growth of 56.6%[16]. - The mobile cloud revenue reached RMB 42.2 billion, growing by 80.5%, with IaaS revenue ranking in the top 3[46]. - Emerging market revenue reached RMB 23.5 billion, a year-on-year increase of 18.4%[47]. - International business revenue amounted to RMB 10.1 billion, growing by 25.9% year-on-year[47]. - Digital content revenue reached RMB 13 billion, with a year-on-year growth of 12.5%[47]. Challenges and Future Outlook - Future outlook indicates challenges in macroeconomic operations, with insufficient overall demand and increased competition among diverse entities[22]. - The company is focusing on transitioning from quantity scale leadership to quality efficiency leadership and from short-term performance to long-term value growth[58]. - The company aims to build a new information service system centered on 5G, computing power networks, and capability platforms[58]. Shareholder Returns and Dividends - The interim dividend declared was HKD 2.43 per share, a 10.5% increase year-on-year, with cash distribution of profits expected to exceed 70% of the annual profit attributable to shareholders[24][28]. - The group declared an interim dividend of HKD 2.430 per share (approximately RMB 2.240), up from HKD 2.200 (approximately RMB 1.881) in 2022, totaling RMB 47,887 million for the period[125]. - The company will withhold 10% corporate income tax on interim dividends distributed to non-resident shareholders[149]. Asset and Liability Management - The company's total assets as of June 30, 2023, amounted to RMB 1,991,596 million, a slight increase from RMB 1,935,538 million at the end of 2022[61]. - Total liabilities as of June 30, 2023, were RMB 654,711 million, compared to RMB 634,115 million as of December 31, 2022, showing an increase of about 3.2%[80]. - The group's total equity as of June 30, 2023, was RMB 1,336,885 million, up from RMB 1,301,423 million at the end of 2022, representing a growth of approximately 2.7%[80]. Compliance and Governance - The company has fully complied with the corporate governance code as per the Hong Kong Listing Rules during the reporting period[146]. - The company has adopted the standards for directors' securities transactions as per the Hong Kong Listing Rules, ensuring compliance[146].