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中国移动上半年净利增长5%,AI成色加深
2 1 Shi Ji Jing Ji Bao Dao·2025-08-08 05:04

Core Insights - China Mobile's digital transformation is becoming a key driver for high-quality growth amid slowing traditional communication business [1] - The company's mid-2025 financial results show stable revenue and a 5.0% increase in net profit, maintaining a leading position among international operators [1] - The "second curve" growth is strong, with digital transformation revenue reaching 156.9 billion yuan, a 6.6% year-on-year increase, accounting for 33.6% of communication service revenue [1] Financial Performance - In the first half of 2025, China Mobile achieved operating revenue of 543.8 billion yuan, nearly flat compared to the same period last year [1] - The net profit attributable to shareholders was 84.2 billion yuan, reflecting a 5.0% year-on-year growth [1] - The company announced an interim dividend of 2.75 HKD per share, a 5.8% increase, and plans to further enhance profit distribution in 2025 [1] Strategic Initiatives - China Mobile is advancing its "AI+" strategy through three major plans, showing significant results [2] - Capital expenditure for new information infrastructure reached 58.4 billion yuan in the first half of the year, with over 2.59 million 5G base stations opened [2] - The "AI+" action plan is progressing, with the "Nine Sky" model matrix upgraded to 3.0 and over 50 industry models deployed [2] Revenue Structure - The revenue from household (H), enterprise (B), and emerging markets (N) accounted for 47.6% of communication service revenue, up 2.6 percentage points year-on-year [2] - The personal market (C) maintained stable revenue of 244.7 billion yuan, with a total mobile customer base of 1.005 billion and a 5G penetration rate of 59.6% [3] - Household market revenue grew by 7.4% to 75 billion yuan, with significant increases in gigabit and FTTR customer numbers [3] Growth Areas - The enterprise market (B) revenue reached 118.2 billion yuan, a 5.6% increase, with mobile cloud revenue growing by 11.3% [3] - Emerging market revenue grew by 9.3% to 29.1 billion yuan, becoming the fastest-growing segment [3] - Future growth is expected to be driven by AI technology, creating new economic opportunities in the hundreds of billions [3]