China Mobile Co., Ltd. (China Mobile) released its first annual performance report after returning to A-share listing online on the 23rd. The annual operating revenue reached 848.3 billion yuan (RMB, the same below), a year-on-year increase of 10.4%, and the profit attributable to shareholders was 116.1 billion yuan, a year-on-year increase of 7.7%.
It is worth mentioning that the annual report shows that in 2021, China Mobile adjusted the annual cash dividend to 60% of the profit attributable to shareholders (52.6% in 2020). The final dividend of 2021 was HK $2.43 per share, a year-on-year increase of 38.0%. Together with the interim dividend of HK $1.63 per share, the annual dividend was HK $4.06 per share, an increase of 23.4% over 2020. Yang Jie, chairman of China Mobile, also revealed at the press conference on the same day that taking full account of profitability, cash flow status and future development needs, the profit distributed by China Mobile in cash within three years from 2021 has gradually increased to more than 70% of the profit of the company’s shareholders in that year, creating greater value for shareholders.
It is reported that China Mobile was listed on the Shanghai Stock Exchange on January 5, 2022, issuing 902.7 million shares, accounting for 4.23% of all shares, with a net fund-raising of nearly 51.4 billion yuan. It is the largest IPO (initial public offering) on the A-share main board in recent ten years. As the first share listed on the A-share main board of the red chip company, Yang Jie believes that by going back to a for listing, the company has successfully built a capital operation platform of “Hong Kong shares + A shares”, realized the effective connection between customers, business and capital market, gave customers the opportunity to share the company’s growth income through the capital market, and was able to take capital as the link to build a new ecology of open cooperation and shape new advantages of brand.
In addition, the “digital transformation income” first disclosed by China Mobile on the 23rd, including the income of new business (and color cloud, etc.) in the personal market, the income of Smart Family value-added business in the home market, the income of dict, Internet of things, special line and emerging markets in the government enterprise market reached 159.4 billion yuan, a year-on-year increase of 26.3% and 59.5% of the incremental contribution to the income of communication services. Yang Jie mentioned in response to a reporter’s question from China news agency that this shows that the “second curve” of digital transformation and development made by the company has achieved good results. He revealed that China Mobile will shift its business focus to digital transformation in the future, and will invest a greater proportion in this field in the future.
Referring to the development progress of 5g, Yang Jie told the reporter of China news agency that the company has made good progress in the in-depth implementation of the “5g +” plan. According to the annual report, China Mobile’s 5g related investment totaled 114 billion yuan in 2021, opening more than 7 Toread Holdings Group Co.Ltd(300005) g base stations, including 2 Shenzhen Quanxinhao Co.Ltd(000007) 00MHz 5g base stations, basically realizing continuous coverage in urban areas, counties and towns, good coverage in some key areas, developed rural areas and key property sites, serving 207 million 5g network customers, and ranking first in the world in terms of 5g network scale and customer scale.
“In the next step, China Mobile will make every effort to build a new information service system of ‘connection + computing power + capability’ based on 5g + computing power network + smart console, so as to create a new model of value growth.” Yang Jie said. (end)
