Core Viewpoint - China Mobile (600941.SH) reported its Q3 2025 financial results, showing modest growth in revenue and net profit compared to the previous year [1] Financial Performance - Q3 2025 revenue reached 250.9 billion yuan, an increase of 2.5% year-on-year [1] - Net profit attributable to shareholders for Q3 2025 was 31.1 billion yuan, reflecting a year-on-year growth of 1.4% [1] - For the first three quarters of 2025, total revenue amounted to 794.7 billion yuan, up by 0.4% year-on-year [1] - Net profit attributable to shareholders for the first three quarters was 115.4 billion yuan, which is a 4% increase compared to the same period last year [1] - Basic earnings per share for the first three quarters stood at 5.34 yuan [1]

Core Insights - China Mobile reported a revenue of 794.7 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 0.4% [1] - The net profit attributable to shareholders reached 115.4 billion yuan, up 4% year-on-year, with a basic earnings per share of 5.34 yuan [1] Personal Market - The company focused on expanding its segmented market and enhancing value management, with mobile customer numbers reaching 1.009 billion, including 622 million 5G customers by September 30, 2025 [1] - Mobile internet traffic increased by 8.3% year-on-year, with a daily average usage (DOU) of 17.0 GB, up 8.1% [1] - The mobile ARPU (Average Revenue Per User) stood at 48.0 yuan [1] Home Market - China Mobile is building a family-centered integrated operation system under the "Mobile Love Home" brand, with a total of 329 million wired broadband customers, adding 14.2 million in the first three quarters [1] - The number of home broadband customers reached 288 million, with a net increase of 9.76 million [1] - The comprehensive ARPU for home customers was 44.4 yuan [1] Enterprise Market - The company is enhancing its platform-based operational system and focusing on refined operations for business clients, with significant growth in DICT (Data, Information, Communication Technology) business revenue and rapid growth in AI direct income [2] Emerging Markets - China Mobile is leveraging high-level opening opportunities and fostering new growth momentum in international business, with rapid growth in international business revenue in the first three quarters [2] - The company is deepening its "content + technology + integrated innovation" operations, achieving steady growth in key product customer scale [2]

Core Insights - China Mobile reported a revenue of 794.7 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 0.4% [1] - The net profit attributable to shareholders reached 115.4 billion yuan, up 4% year-on-year, with a basic earnings per share of 5.34 yuan [1] Personal Market - The company is focusing on segment market expansion and enhancing value management, with a total mobile customer base of 1.009 billion as of September 30, 2025 [1] - The number of 5G network customers reached 622 million, and mobile internet traffic increased by 8.3% year-on-year, with a mobile ARPU of 48.0 yuan [1] Home Market - China Mobile is building a family-centered integrated operation system under the "Mobile Love Home" brand, with a total of 329 million wired broadband customers, adding 14.2 million in the first three quarters [1] - The number of home broadband customers reached 288 million, with a net increase of 9.76 million in the same period, and a comprehensive ARPU of 44.4 yuan [1] Enterprise Market - The company is enhancing its platform-based operational system and focusing on refined operations for business customers, with good growth in DICT business revenue and rapid growth in AI direct income [2] Emerging Markets - China Mobile is leveraging high-level opening opportunities and accelerating the cultivation of new growth momentum in international business, with rapid growth in international business revenue [2] - The company is deepening its "content + technology + integrated innovation" operations, achieving steady growth in key product customer scale [2]

(本文来自第一财经) 中国移动发布2025年第三季度报告，前三季度营业收入为7947亿元，同比增长0.4%；归属于母公司股 东的净利润为1154亿元，同比增长4.0%。第三季度营业收入为2509亿元，同比增长2.5%；归属于母公 司股东的净利润为311亿元，同比增长1.4%。 ...

Core Viewpoint - China Mobile reported its Q3 2025 financial results, showing modest growth in both revenue and net profit compared to the previous year [1] Financial Performance - In Q3 2025, the company achieved an operating revenue of 250.9 billion yuan, representing a year-on-year increase of 2.5% [1] - The net profit for Q3 2025 was 31.1 billion yuan, reflecting a year-on-year growth of 1.4% [1] - For the first three quarters of 2025, the total operating revenue reached 794.7 billion yuan, which is a 0.4% increase year-on-year [1] - The net profit for the first three quarters was 115.4 billion yuan, showing a year-on-year growth of 4% [1] - The basic earnings per share for the first three quarters stood at 5.34 yuan [1]

Core Viewpoint - China Mobile reported its Q3 2025 results, showing modest growth in both revenue and net profit for the first three quarters and the third quarter alone [1] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 794.7 billion yuan, representing a year-on-year increase of 0.4% [1] - The net profit attributable to shareholders for the same period was 115.4 billion yuan, reflecting a year-on-year growth of 4.0% [1] - In Q3 2025, the company's revenue reached 250.9 billion yuan, marking a year-on-year increase of 2.5% [1] - The net profit attributable to shareholders in Q3 was 31.1 billion yuan, which is a year-on-year growth of 1.4% [1]

Core Viewpoint - China Mobile reported a slight increase in operational revenue for the first three quarters of 2025, indicating stable growth in a competitive telecommunications market [1] Financial Performance - The group's operational revenue reached RMB 794.7 billion, representing a year-on-year growth of 0.4% [1] - Communication service revenue amounted to RMB 683.1 billion, with a year-on-year increase of 0.8% [1] - EBITDA was recorded at RMB 265.4 billion, showing a year-on-year growth of 0.9% [1] - Shareholder profit attributable to the company was RMB 115.4 billion, reflecting a year-on-year increase of 4.0% [1] Customer Metrics - The total number of mobile customers reached 1.009 billion, with 5G network customers accounting for 622 million [1] - The number of fixed broadband customers stood at 329 million [1]

Core Insights - China Mobile reported a net profit of 115.4 billion RMB for the first three quarters, representing a year-on-year growth of 4% [1] - The company's operating revenue for the same period reached 794.7 billion RMB, showing a slight increase of 0.4% year-on-year [1] - Communication service revenue amounted to 683.1 billion RMB, with a year-on-year growth of 0.8% [1] - Revenue from product sales and other services declined to 111.5 billion RMB, reflecting a year-on-year decrease of 1.7% [1]

除手机外，蜂窝物联网也是eSIM应用的另一个主战场，而且是发展更为迅速的一个领域。目前，eSIM已广泛应用于 智能穿戴、智能表计、车联网、工业互联网等领域，为物联网各类场景网络接入提供便捷手段。从用户视角看，物联 网eSIM需求更强烈，对场景的支持更加明显。本次在对手机eSIM启动全面商用，支持eSIM整个产业链加速完善，客 观上也推动物联网eSIM进一步发展。 物联网eSIM对用户的价值明显 近期，针对eSIM的宣传较多，对于eSIM基本概念已有大量普及。eSIM作为蜂窝通信设备用户身份识别模块新的形 态，相对于实体Sim卡有多重显著优势，一个看得见的优势是支持取消卡槽，为各类终端节省出一定空间，为设备的 小型化设计、散热等带来实实在在的好处；另外，传统Sim卡依赖金属触点，在频繁震动、高温高湿、盐雾等恶劣场 景下，容易造成Sim卡接触不良或氧化，从而导致通信中断，而eSIM作为嵌入式的模组，在这方面可靠性大大提升。 除了这些显而易见的好处外，eSIM还有诸多隐形优势，节约供应链物流成本较为典型，因为无需实体Sim卡，可以大 大简化卡片的制作、包装、物流、库存等环节，节约相关厂商成本。用户也可以获得"无感" ...

Core Insights - China Mobile reported its unaudited performance and operational data for the first three quarters of 2025, showing a revenue of RMB 794.7 billion, a year-on-year increase of 0.4% [1] - The company's communication service revenue reached RMB 683.1 billion, growing by 0.8% year-on-year [1] - Shareholder profit stood at RMB 115.4 billion, reflecting a 4.0% increase compared to the previous year [1] Group Performance - The total number of mobile customers reached 1.009 billion, with 622 million being 5G network customers [1] - The number of fixed broadband customers was 329 million [1] - Mobile internet traffic increased by 8.3% year-on-year, with mobile data usage (DOU) reaching 17.0 GB, up by 8.1% [1] - The mobile ARPU (Average Revenue Per User) was RMB 48.0 [1] Personal Market - The company focused on expanding its segmented market and enhancing value management, implementing growth plans for customer retention and service upgrades [1] - The mobile customer base grew to 1.009 billion, with 5G customers at 622 million [1] Family Market - China Mobile emphasized the "Mobile Love Home" brand, creating a family-centered integrated business model [2] - The total number of fixed broadband customers reached 329 million, with a net increase of 14.2 million in the first three quarters [2] - The family broadband customer count was 288 million, with a net increase of 9.76 million [2] - The comprehensive ARPU for family customers was RMB 44.4 [2] Government and Enterprise Market - The company strengthened its platform-based operational system and refined its customer management for both government and enterprise sectors [2] - The DICT (Data, Information, Communication Technology) business revenue showed good growth, with AI-related income experiencing rapid increases [2] Emerging Markets - China Mobile is actively leveraging high-level opening opportunities to foster international business growth [2] - The company is deepening its "content + technology + integrated innovation" operations, achieving steady growth in key product customer scales [2]