Zhi Tong Cai Jing·2025-08-08 03:24Core Viewpoint - Despite weak revenue performance, China Mobile (600941)(00941) is expected to increase its annual dividend payout ratio to 74%, translating to a dividend yield of approximately 6.4% while maintaining an outperform rating [1] Financial Performance - Telecom service revenue for China Mobile grew only 0.7% year-on-year to 467 billion RMB, which is 0.5% lower than expectations, primarily due to a slowdown in digital information and communication technology (DICT) business growth and a decline in mobile service revenue [1] - Net profit remained stable with a year-on-year increase of 5% to 84.2 billion RMB, supported by strict cost control [1] - Capital expenditure decreased by 9% year-on-year to 58 billion RMB, accounting for only 39% of the annual budget [1] Dividend Information - The company declared an interim dividend of 2.75 HKD, representing a year-on-year increase of 6%, with a payout ratio of 64% [1]