2025-03-20 12:00Financial Data and Key Metrics Changes - Operating revenue reached 1,040.8 billion, up 3.1% year on year [4] - Telecommunication services revenue reached 889.5 billion, up 3% year on year [40] - Net profit reached 138.4 billion, up 5% year on year, hitting a new record high [4][41] - Digital transformation revenue reached 278.8 billion, up 9.9% year on year, accounting for 31.3% of services revenue [6] Business Line Data and Key Metrics Changes - Total number of connections reached 3.67 billion, with a net increase of 320 million [5] - Revenue from the customer market reached 26.8 billion, up 19.7% year on year [29] - Revenue from the HOMA market was 143.1 billion, up 8.5% [30] - Revenue from the business market was 209.1 billion, an increase of 8.8% [32] - China Mobile Cloud revenue reached 100.4 billion, a year on year increase of 20.4% [33] Market Data and Key Metrics Changes - The number of mobile customers surpassed 1 billion, with mobile ARPU at 48.5 [29] - Household broadband customers reached 278 million, a net increase of 14.05 million [30] - Revenue from the NuvMarket reached a significant increase of 8.7% year on year [34] - Monthly active users of Migu Video reached 520 million, up 12.1% year on year [34] Company Strategy and Development Direction - The company continues to implement the 01/02/2025 strategy, focusing on business transformation and intensive reforms [4][25] - Emphasis on customer-centric philosophy and market segmentation as long-term strategy [26] - Plans to enhance AI-powered products and services, shifting growth drivers from telecom services to AI plus information services [39] - Aiming to become a world-class information services and SciTech innovation enterprise [27] Management Comments on Operating Environment and Future Outlook - The external environment is complex and challenging, with fragile macroeconomic recovery and weak demand [22] - Despite challenges, there are valuable opportunities for business transformation and growth in information services [23][24] - The company aims to refine operations and implement precise management to enhance quality and efficiency [26] Other Important Information - The board recommends a dividend payout ratio of 73% for the full year of 2024, with total dividends amounting to 5.09 HKD per share, an increase of 5.4% year on year [20][21] - The company achieved significant contributions to the commercial conversion of scientific innovation outcomes, creating over 48,000 5G industry commercial cases [15] Q&A Session Summary Question: What are the company's plans for future growth? - The company will focus on high-quality development, enhancing customer retention, and value generation as long-term strategic priorities [37] - Plans to deepen engagement in CHBN markets and prioritize key customer groups while promoting AI-powered products and services [39]