研报掘金丨华西证券:维持中国移动“增持”评级,看好算力及卫星相关业务拓展
Ge Long Hui A P P·2025-10-22 07:37

Core Viewpoint - China Mobile achieved a net profit attributable to shareholders of 115.35 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 4.0% [1] - In Q3 alone, the net profit attributable to shareholders was 31.12 billion yuan, showing a year-on-year increase of 1.4% [1] Financial Performance - The company's operating performance demonstrated steady growth, with net additions in individual and family users [1] - International business revenue maintained rapid growth in the first three quarters, with a stable increase in key customer scale [1] Business Strategy - The company is undergoing a stable transformation, actively promoting the upgrade of computing power and capability platforms [1] - There is optimism regarding the expansion of computing power and satellite-related businesses [1] - The profit forecast is maintained, and the "Buy" rating is upheld [1]