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Profile & Fundamentals

China Mobile Profile & Fundamentals

Name: China Mobile financial chart data preview
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Company and Market Context

Company Profile & Ownership

China Mobile Limited provides communication, computing, and AI services in Mainland China and Hong Kong. It offers communications services, including mobile communications, broadband networks, cellular IoT, and satellite Internet; computing services comprising data centers, cloud computing services, and cloud computing applications; and AI services, such as data algorithms, embodied intelligence, digital intelligence culture, digital intelligence e-commerce, and industry digital intelligence services. The company was formerly known as China Mobile (Hong Kong) Limited and changed its name to China Mobile Limited in May 2006. The company was incorporated in 1997 and is based in Central, Hong Kong. China Mobile Limited operates as a subsidiary of China Mobile Hong Kong (BVI) Limited.

Company profile record

China Mobile Ltd

Common Stock · Communication Services · Wireless Telecommunication Services

Official website

Company

Company / asset: China Mobile Ltd
Security type: Common Stock
Sector: Communication Services
Industry: Wireless Telecommunication Services
HQ: 🇭🇰 Hong Kong
Head office: The Center, Central, Hong Kong

Leadership & scale

Full-time employees: 457K
Fiscal year end: December
IPO date: 1997-10-23

Fundamentals snapshot

Updated 2026-09-05

Market Cap: HKD 1.72T
P/E: 11.6x
Revenue (Q2 26): CNY 270.4B
Profit (Q2 26): CNY 49.4B
Dividend Yield: 6.9%
Revenue (FY 25): CNY 1.02T
Shares in public float: 6.7B
Insider ownership: 71.63%

Reporting & identifiers

Symbol: 0941.HKEX
Listing: 🇭🇰 Hong Kong | Dividend Tax: 0%
Ticker Currency: HKD
Income Statement Currency: CNY
Balance Sheet Currency: CNY
Cash Flow Currency: CNY
EPS Currency: CNY
Contract Type: SPOT
ISIN: HK0941009539
Asset ID: equity_5a67b993-0334-5475-9ec9-9ababb266b02

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's financial performance shows incredible stability, but there is an important shift happening beneath the surface. While overall revenue and net income look flat—similar to a slow-growing utility—the company is generating massive amounts of cash. Most reports agree that the core phone business is stable and provides a secure foundation, while the new AI and cloud computing segments are growing rapidly. However, there is some disagreement about the true quality of recent earnings. Some reports point out that the company boosted its profits on paper by stretching out the depreciation timeline for its older 5G equipment. Cautious analysts warn that as the company buys more short-lived AI servers, these accounting benefits will fade, potentially leading to lower profit margins in the future. Overall, the consensus is that the company's cash generation remains highly secure, easily supporting its high dividend payouts.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company maintains highly stable and resilient profit margins, which is rare for a large utility. Gross margins hover in the mid-twenties, while operating margins remain steady around 14%. Most reports agree that these margins are protected by the company's massive scale and its dominant position in the domestic market. However, there is a clear clash of opinions regarding the future margin outlook. Optimistic views suggest that as high-margin enterprise cloud and AI services grow, overall will structurally expand. On the other hand, cautious perspectives warn that state-mandated price cuts to help the broader economy, combined with rising energy costs and the lower efficiency of domestic computer chips, will keep margins flat or slightly compressed. Despite these disagreements, the consensus is that the company's current valuation is very cheap, meaning investors are getting highly durable, inflation-protected profits at a bargain price.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-08.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	101,931,079,136.69	9,055,539,568.35	15,646,187,050.36	65.74	16.67	15.35	8.88
2017-12-31	113,750,230,414.75	7,875,729,646.7	17,554,377,880.18	68	16.22	15.43	6.92
2018-12-31	107,095,784,883.72	1,596,947,674.42	17,119,331,395.35	51.1	16.47	15.99	1.49
2019-12-31	107,171,982,758.62	6,124,425,287.36	15,321,982,758.62	54.94	15.17	14.3	5.71
2020-12-31	117,621,745,788.67	17,965,084,226.65	16,515,007,656.97	51.32	14.68	14.04	15.27
2021-12-31	133,373,899,371.07	16,895,125,786.16	18,229,088,050.31	28.77	17.92	13.67	12.67
2022-12-31	120,007,554,417.41	13,211,884,057.97	16,063,892,445.58	27.76	17.21	13.39	11.01
2023-12-31	142,156,197,183.1	17,255,915,492.96	18,558,591,549.3	28.21	16.66	13.06	12.14
2024-12-31	133,945,817,245.82	20,561,389,961.39	17,808,622,908.62	29	16.94	13.3	15.35
2025-12-31	146,352,932,188.84	10,868,097,281.83	19,105,411,874.11	22.55	14.19	13.05	7.43

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	12.2	Trailing four quarters
2024-12-31	11.47	Trailing four quarters
2023-12-31	9.65	Trailing four quarters
2022-12-31	8.8	Annual net income
2021-12-31	7.03	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	20,475,482,900
2018-01-01	20,475,482,900
2019-01-01	20,475,482,900
2020-01-01	20,462,428,800
2021-01-01	21,353,333,300
2022-01-01	21,336,564,600
2023-01-01	21,437,563,000
2024-01-01	21,580,164,000
2025-01-01	21,902,126,000
2026-01-01	21,808,440,000

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
- Cash dividends paid
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