Guo Ji Jin Rong Bao·2025-10-29 07:40Core Insights - China Mobile has appointed its first "post-70s" chairman, Chen Zhongyue, succeeding Yang Jie, who served for six years [1] - Under Yang Jie's leadership, China Mobile's revenue grew from 745.917 billion yuan in 2019 to 1,040.759 billion yuan in 2024, marking a significant milestone of surpassing one trillion yuan [2] - The company is currently facing growth pressures, with a revenue increase of only 0.4% year-on-year for the first three quarters of 2025 [2] Financial Performance - During Yang Jie's tenure, net profit attributable to shareholders rose from 106.325 billion yuan to 138.37 billion yuan, indicating steady growth [2] - In the first half of 2025, China Mobile reported a revenue of 543.8 billion yuan, a decline of 0.5% year-on-year, marking its first negative revenue growth in six years [2] - The net profit for the same period increased by 5.0% to 84.2 billion yuan, but the growth rate has been slowing compared to previous years [2] Industry Trends - Yang Jie highlighted that traditional communication services are nearing saturation, with voice and SMS services experiencing negative growth [2] - New information services, particularly in artificial intelligence, are still in the developmental stage, with significant growth potential but currently small scale [3] - The telecommunications industry as a whole has seen a slowdown, with a reported revenue growth of only 0.9% in the first three quarters of 2025 [3] Leadership Transition - Chen Zhongyue, the new chairman, has a long history in the telecommunications sector, having previously served in various roles at China Telecom and China Unicom [4] - The industry is keenly observing how Chen will navigate China Mobile, which has surpassed one trillion yuan in revenue [4] - The position of chairman at China Unicom, previously held by Chen, remains unfilled following his transition to China Mobile [5]