Company abbreviation: China Mobile Stock Code: 600941 annual report of China Mobile Co., Ltd. in 2021
Important tips
The board of directors, directors and senior managers of China Mobile Limited (“the company” or “the company”) guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
This annual report has been deliberated and approved by the first board of directors of the company in 2022. There were 8 directors who should attend the meeting, and 6 directors actually attended the meeting. The executive director Mr. Wang Yuhang and the independent non-executive director Mr. Zhou Wenyao did not attend the meeting due to temporary affairs.
The company prepares financial reports in accordance with Chinese accounting standards for business enterprises and international / Hong Kong financial reporting standards. The annual financial reports prepared by KPMG (Hong Kong) and KPMG (Hong Kong) certified public accountants have no qualified opinions in accordance with the financial standards of KPMG (China) and KPMG International Certified Public Accountants 2021 respectively.
Dong Xin, the person in charge of the company, Li ronghua, the person in charge of accounting, and Huang Jie, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in the annual report.
The company’s annual cash dividends accounted for 60% of the profits attributable to shareholders in 2021. Distribute to all shareholders the final dividend of HK $2.43 per share for the year ended December 31, 2021, with a year-on-year increase of 38.0%. Together with the interim dividend of HK $1.63 per share, the annual dividend of 2021 totaled HK $4.06 per share, an increase of 23.4% over 2020. If the total number of issued shares of the company changes from the date of announcement to the date of equity registration for the implementation of the final dividend in 2021, the company plans to maintain the total profit distribution unchanged, adjust the amount of dividend per share accordingly, and disclose the specific adjustment separately.
The cash flow of the company should be fully distributed to shareholders and accounted for more than 70% of the company’s profits from 2021 to 2021, so as to create a better cash flow for the development of the company. The company’s profit distribution plan for 2021 has been deliberated and approved by the company’s first board of directors in 2022, and needs to be deliberated and approved by the company’s 2022 annual general meeting of shareholders.
This annual report contains a number of forward-looking statements related to the company’s future plans, development strategies and other matters, which do not constitute the company’s substantive commitment to investors. These forward-looking statements involve known and unknown risks, uncertainties and other factors, and relevant factors may cause the actual performance, financial condition or operating performance of the company to differ significantly from those implied in the forward-looking statements. Please pay attention to the investment risks.
The company has no non operational occupation of funds by the controlling shareholders and their related parties, no external guarantee in violation of the specified decision-making procedures, and no situation in which more than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report disclosed by the company.
The company has described the possible risks of scientific and technological innovation, information service transformation and market competition, and network information security in this annual report. Please refer to the relevant contents of “future outlook” in the chapter of “Chairman’s report”.
According to the measures for the implementation of continuous supervision after domestic issuance of shares or depositary receipts by innovative enterprises are listed (for Trial Implementation) (the “measures for continuous supervision”), The annual report of overseas listed red chip enterprises shall include the securities law of the people’s Republic of China, the measures for the administration of information disclosure of listed companies, the measures for the administration of the issuance and trading of Depositary Receipts (for Trial Implementation), the standards for the content and format of information disclosure by companies that publicly issue securities No. 2 – the content and format of annual reports (“standard 2”) and the measures for continuous supervision (hereinafter collectively referred to as the “rules for the disclosure of A-share annual reports”) ）Contents required to be disclosed; Overseas listed red chip enterprises may continue to prepare corresponding periodic reports in accordance with the original overseas format on the premise of ensuring that they have the contents required to be disclosed in the disclosure rules of A-share annual reports and do not affect the integrity of information disclosure, but shall make necessary explanations and tips on the main differences between domestic and foreign report formats. The company prepares this annual report in accordance with the above provisions of the continuous supervision measures to ensure that this annual report has the contents required to be disclosed by the A-share annual report disclosure rules and does not affect the integrity of information disclosure. However, there are differences between the format of this annual report and the format of annual report specified in standard 2. The company also lists the main differences in the “other important matters” of this annual report and draws the attention of investors.
catalogue
Company profile 4 main accounting data and financial indicators in recent three years 8. Introduction to directors and senior management 9 chairman’s report 13 Business Overview 21 Financial Overview 26 sustainable development report 31 Corporate Governance Report 34 human resource development 50 report of the board of Directors 51 other important matters 60 financial reporting 82 company profile
The company was registered in the Hong Kong Special Administrative Region of China (“Hong Kong”) on September 3, 1997 and was listed on the New York Stock Exchange Limited liability company (“NYSE”) and the stock exchange of Hong Kong Limited (“SEHK”) on October 22 and 23, 1997, respectively. The company’s stock became a constituent stock of Hong Kong Hang Seng Index on January 27, 1998. On May 7, 2021, the New York Stock Exchange filed form 25 with the U.S. Securities and Exchange Commission (the “sec”) to revoke the listing and registration of the company’s ADSS. On May 18, 2021, the delisting of the company’s American Depositary Shares took effect on the New York Stock Exchange. On January 5, 2022, the company’s RMB common shares (“A shares”) were listed on the Shanghai Stock Exchange (“Shanghai Stock Exchange”).
The company is a leading global communication and information service enterprise, committed to providing all-round communication and information services for individuals, families, government enterprises and emerging markets. It is a science and technology leader and innovation promoter for the development and growth of China’s information and communication industry. The company continues to promote transformation, upgrading and innovative development. On the basis of voice, data, broadband, special line, IDC, cloud computing, Internet of things and other businesses, the company actively develops a new blue ocean of digital economy, continuously launches personal digital content and applications such as ultra-high definition video, video RBT, color cloud, mobile authentication and equity supermarket, expands diversified smart home operation services such as entertainment, education, pension and security, and leads smart city, industry Internet ICT solution demonstration projects in transportation, medical and other industries have been implemented. As of December 31, 2021, the company has 449934 employees, 957 million mobile customers and 240 million wired broadband customers.
In 2021, the operating revenue reached 848.3 billion yuan.
The actual controller of the company is China Mobile Communications Group Co., Ltd. (“China Mobile Group”). On December 31, 2021, the company indirectly held about 72.72% of the total issued shares of the company, and the remaining about 27.28% was held by other shareholders.
In 2021, the company was again selected by Forbes into its “Global 2000 leading enterprises list” and fortune magazine into its “Fortune Global 500”. “China Mobile” brand was once again honored as “brandz” by Millward Brown in 2021 ™ The “top 100 most valuable brands in the world” ranked 68. At present, the company’s debt credit rating is equivalent to China’s national sovereign rating, which is S & P A + / stable prospect and Moody’s A1 / stable prospect.
As of December 31, 2021, the main information of the company’s equity structure is shown in the following figure 1:
1 on January 5, 2022, the company was listed on the main board of Shanghai Stock Exchange. For the changes of shares of listed companies, see “changes of shares and shareholders” in the chapter of “other important matters”
Note 1: except that China Mobile Communications Group Finance Co., Ltd. (“China Mobile Finance Co., Ltd.”) is directly and indirectly owned by China Mobile Communications Co., Ltd. (“China Mobile”) by 92%, China Mobile Group Co., Ltd. by 8%, and China Mobile Communications Group Terminal Co., Ltd. by China Mobile Communications Co., Ltd. by 99.97% and China Mobile Group Co., Ltd. by 0.03%, other professional subsidiaries are 100% owned by China mobile communications
Chinese name of the company: China Mobile Co., Ltd
Chinese abbreviation of the company: China Mobile
English name of the company: China Mobile Limited
English abbreviation of the company: China Mobile
Chairman of the company: Yang Jie
Domestic representative of company information disclosure: Huang Jie
Contact address: No. 29, Financial Street, Xicheng District, Beijing, China
Tel: 01053992600
Fax: 01052616047
Email: [email protected].
Registered address: 60 / F, Central Center, 99 Queen’s Road Central, Hong Kong, China
Office address: No. 29, Financial Street, Xicheng District, Beijing, China
Postal Code: 100033
Company website: www.chinamobileltd.com com.
Email: [email protected].
Media name and website of the annual report disclosed by the company:
China Securities News: www.cs.com com. cn.
Shanghai Securities News: www.cn stock. com.
Securities Times: www.stcn.com com.
Securities Daily: www.zqrb.com cn.
Website of the stock exchange where the company discloses the annual report:
Shanghai Stock Exchange: www.sse.com com. cn.
Hong Kong Stock Exchange: www.hkexnews.com hk
Place where the annual report of the company is prepared: 60 / F, Central Center, 99 Queen’s Road Central, Hong Kong, China, 29 Financial Street, Xicheng District, Beijing, China stock profile of the company:
A-share listed exchange: Shanghai Stock Exchange
Abbreviation of A-share: China Mobile
A-share Stock Code: 600941
Hong Kong Stock Exchange: Hong Kong Stock Exchange
Hong Kong stock abbreviation: China Mobile
Hong Kong Stock Code: 941
Accounting firm employed by the company:
Domestic: KPMG Huazhen Certified Public Accountants (special general partnership)
Office address: 8th floor, KPMG building, Oriental Plaza, No. 1, East Chang’an Street, Dongcheng District, Beijing, China signature accountant Name: Xiao Zhongke (Chinese certified public accountant)
Tan Yahong (Chinese certified public accountant)
Overseas: KPMG
Auditors of public interest entities registered under the financial reporting Bureau Ordinance
Office address: 8th floor, Prince building, 10 Chater Road, central, Hong Kong, China
The current audit institutions and signing accountants have provided audit services for the company continuously. The recommendation institutions that perform continuous supervision responsibilities during the reporting period of one year:
Company name: China International Capital Corporation Limited(601995)
Office address: No. 1 Jianguomenwai street, Chaoyang District, Beijing, China
27th and 28th floors, tower 2, international trade building
Name of the sponsor representative signing: Yu Yan, Wang Zhao
Company name: Citic Securities Company Limited(600030)
Office address: No. 8, Zhongxin Third Road, Futian District, Shenzhen, Guangdong, China
North block of excellence Times Square (phase II)
Names of sponsor representatives signing: Wang Bin, Jia Xiaoliang
Continuous supervision period: from January 5, 2022 to December 31, 2024
Unless otherwise specified, the main accounting data and financial indicators in recent three years are in RMB million. Main accounting data
20212020 change 2019
Operating income 84825876807010.4% 745917
