Zhi Tong Cai Jing·2025-10-22 10:28Core Viewpoint - Despite increased operating expenses due to AI cloud product development and talent recruitment, China Mobile (600941) (00941) reported a year-on-year profit growth of 1.4% in Q3 [1] Group 1: Financial Performance - China Mobile's Q3 profit increased by 1.4% year-on-year [1] - The rise in operating expenses is attributed to AI cloud product development and talent recruitment, which has impacted EBITDA and profit margins [1] Group 2: Future Outlook - There is a strong anticipated demand for AI computing power driven by fully autonomous IP and hardware/software cloud services, which is expected to boost telecom operators' profitability in the remainder of 2025 and beyond [1] - China International Capital Corporation maintains a "Buy" rating for China Mobile with a target price of HKD 103.2 [1] Group 3: Industry Preferences - The preferred ranking for telecom operators remains unchanged, with China Telecom (601728) (00728) at the top, followed by China Mobile, and lastly China Unicom (00762) [1]