600941 拟派息541.99亿元

Core Viewpoint - China Mobile reported a slight increase in main business revenue and net profit for the first half of 2025, indicating stable growth despite a slight decline in total revenue compared to the previous year [2][3]. Financial Performance - Total revenue for the first half of 2025 reached RMB 543.8 billion, a decrease of 0.5% from RMB 546.7 billion in the same period of 2024 [3]. - Main business revenue was RMB 466.99 billion, showing a year-on-year growth of 0.7% [3]. - Net profit attributable to shareholders was RMB 84.235 billion, up 5.0% from RMB 80.201 billion [3]. - EBITDA for the first half of 2025 was RMB 185.958 billion, reflecting a 2.0% increase from RMB 182.270 billion [4]. Business Segments - The personal market revenue was RMB 2,447 billion, with a mobile customer base of 1.005 billion, including 599 million 5G customers [11]. - The family market revenue grew by 7.4% to RMB 750 billion, with significant growth in gigabit broadband customers [11]. - The enterprise market revenue reached RMB 1,182 billion, up 5.6%, with a notable increase in cloud services [11]. - Emerging market revenue was RMB 291 billion, growing by 9.3%, and international business revenue reached RMB 140 billion, up 18.4% [12]. Digital Transformation and AI Initiatives - Digital transformation revenue reached RMB 1,569 billion, accounting for 33.6% of communication service revenue, with a growth of 6.6% [6]. - The company is investing heavily in AI, with plans to increase investment beyond the previous year's RMB 10 billion [10]. - AI-related projects have seen significant growth, with active users of the Lingxi intelligent agent exceeding 60 million [9]. Shareholder Returns - The company announced an interim dividend of HKD 2.75 per share, translating to approximately RMB 541.99 billion based on the exchange rate as of June 30, 2025 [7]. - The proportion of cash distributed to shareholders is expected to increase compared to 2024 [7].