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China Mobile Limited

China Mobile Limited: Guidance and Outlook

Overall Strategy

China Mobile Limited remains committed to its 1-2-2-5 strategy, aiming to become a world-class information services and sci-tech innovation enterprise. The company will focus on:

  • Promoting AI+ Initiatives: Accelerating the development of large AI models and expanding AI applications across industries.
  • Developing New Quality Productive Forces: Embracing the integration of information and energy, and leveraging digital intelligence to transform industries.
  • Deepening Strategic Transformation: Continuously optimizing revenue structure, especially in digital transformation and new business areas.
  • Strengthening Infrastructure: Investing in 5G, dual-gigabit networks, and intelligent computing capabilities.

Financial Guidance for 2024

  • Operating Revenue: Expected to grow steadily, with a focus on digital transformation and new business areas.
  • CapEx: Full-year CapEx is expected to be controlled within CNY 173 billion, with a CapEx-to-revenue ratio decreasing to below 20%.
  • Dividends: The company has declared an interim dividend of HKD 2.6 per share, representing a 7% increase year-on-year. For the full year of 2024, the profit to be distributed in cash is expected to increase from that of 2023.

Business Market Outlook

  • Customer Market: Continued focus on expanding 5G adoption and enhancing ARPU through innovative products like the M-zone Mango Card and China Mobile Cloud Drive.
  • Home Market: Expectations for steady growth in household broadband customers and ARPU, driven by gigabit broadband and smart home solutions.
  • Business Market: Growth in 5G industry applications, cloud services, and DICT projects, particularly in sectors like public administration, IoT, and social governance.
  • New Markets: Expansion in international business, fintech, and digital content, with a focus on increasing the scale and profitability of these segments.

Technological Innovation

  • AI Development: The company will continue to invest in AI capabilities, including large models and intelligent computing platforms, to enhance operational efficiency and create new revenue streams.
  • 5G and Beyond: Leadership in 5G-A standard-setting and exploration of 6G technologies to maintain a competitive edge.
  • Data Governance: Strengthening data management and governance to support business growth and compliance.

Challenges and Opportunities

  • External Environment: While the macroeconomic outlook is improving, the company acknowledges the challenges posed by complex external conditions and market competition.
  • Emerging Opportunities: The rapid development of AI, cloud computing, and the integration of information and energy present vast opportunities for growth and innovation.

ESG Commitments

  • Environmental Protection: Continued efforts toward green and low-carbon operations, supporting societal energy conservation and environmental protection initiatives.
  • Social Responsibility: Enhancing digital revitalization in rural areas and ensuring reliable communication services during emergencies.
  • Corporate Governance: Optimizing governance mechanisms and strengthening compliance and risk management systems.

Conclusion

China Mobile Limited is well-positioned to capitalize on the digital and intelligent transformation of industries, driven by its strategic initiatives and robust financial foundation. The company aims to deliver sustained value to shareholders while contributing to the broader digital economy.

Last updated on 01/14/2025 05:14 AM

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