Zheng Quan Zhi Xing·2025-08-07 09:16Core Viewpoint - China Mobile is focusing on digital transformation and enhancing operational efficiency while maintaining steady growth in financial performance and shareholder returns [2][5][6]. Financial Performance - For the first half of 2025, the company's operating revenue was RMB 543,769 million, a decrease of 0.5% compared to the end of 2024 [2][22]. - The total profit reached RMB 107,073 million, reflecting a growth of 3.8% year-on-year [2][26]. - Net profit attributable to shareholders was RMB 842 million, up 5.0% from the previous year [2][26]. - EBITDA was RMB 185,958 million, with an EBITDA margin of 34.2%, an increase of 0.9 percentage points year-on-year [2][26]. Shareholder Returns - The company announced an interim dividend of HKD 2.75 per share for 2025, representing a 5.8% increase from the previous year [6][21]. - The proportion of cash distributed to shareholders is expected to increase in 2025 compared to 2024 [6][21]. Market Segments - The personal market revenue was RMB 2,447 million, with a mobile customer base of 1.005 billion, including 599 million 5G customers [5][7]. - The family market revenue grew by 7.4% to RMB 750 million, with 284 million broadband customers [7][8]. - The enterprise market revenue reached RMB 1,182 million, a 5.6% increase, with significant growth in mobile cloud services [8][9]. - Emerging markets generated RMB 291 million in revenue, up 9.3%, with international business revenue growing by 18.4% [9][10]. Strategic Initiatives - The company is implementing a "one-two-two-five" strategy and three major plans to enhance operational efficiency and innovation [2][5]. - Focus on digital transformation has led to a 6.6% increase in digital transformation revenue, which now accounts for 33.6% of total revenue [5][6]. - The company is advancing its AI capabilities and has established a comprehensive AI service system, with significant growth in AI-related projects [14][15]. Infrastructure Development - As of June 2025, the company has invested RMB 258 million in 5G network infrastructure, with over 2.599 million 5G base stations established [9][10]. - The company aims to cover 500 million households with gigabit broadband by the end of 2025 [9][10]. Innovation and R&D - The company has established a robust innovation framework, focusing on AI and new technologies, with a significant increase in patent applications and international standards leadership [12][13]. - The "BASIC6" innovation plan is driving advancements in key technologies, including 6G and AI applications [11][12].