Zheng Quan Zhi Xing·2025-08-09 00:42Revenue and Profit - The total operating revenue of China Mobile for the first half of 2025 was 543.769 billion yuan, a year-on-year decrease of 0.54% [2] - The net profit attributable to shareholders reached 84.235 billion yuan, an increase of 5.03% year-on-year [2] - The non-recurring net profit was 78.366 billion yuan, up 7.29% year-on-year, indicating effective cost control and improved profitability [2] Profitability - The gross profit margin increased to 31.62%, up 2.61% year-on-year [3] - The net profit margin rose to 15.5%, an increase of 5.58% year-on-year [3] - The ratio of operating expenses (selling, administrative, and financial expenses) to revenue decreased to 10.0%, down 1.68% year-on-year, reflecting improved expense management [3] Main Business Revenue Composition - Wireless internet service revenue was 195.489 billion yuan, accounting for 35.95% of total revenue [4] - Application and information service revenue reached 136.674 billion yuan, making up 25.13% of total revenue [4] - Fixed broadband service revenue was 68.568 billion yuan, representing 12.61% of total revenue [4] Cash Flow from Operating Activities - The operating cash flow per share was 3.88 yuan, a decrease of 36.69% year-on-year [5] - Despite the decline in cash flow per share, the company's cash and cash equivalents increased to 190.262 billion yuan, up 10.05% year-on-year, indicating strong liquidity [5] Digital Transformation and Market Performance - Digital transformation revenue reached 156.9 billion yuan, a year-on-year increase of 6.6%, accounting for 33.6% of main business revenue [6] - Government and enterprise market revenue was 118.2 billion yuan, up 5.6% year-on-year [6] - International business revenue grew by 18.4% to 14 billion yuan, indicating successful expansion in emerging markets [6] Overall Summary - Overall, while China Mobile's revenue slightly declined in the first half of 2025, its profitability significantly improved, particularly in gross and net profit margins [7] - The growth in digital transformation and emerging markets presents new development opportunities for the company [7]