Global mobile telecommunications company by subscribers, providing mobile voice and data services across mainland China.
Profile & Fundamentals
China Mobile: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
China Mobile Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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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
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
- 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
Latest: 21.8B | Max: 21.9B | Min: 20.5B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
30.51%
6.7B latest reported shares
Insider Ownership
71.63%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| 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 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
China Mobile generated CNY 1.05 trillion in full-year 2025 revenue and CNY 137.1 billion in net income, followed by CNY 538.0 billion in first-half 2026 revenue. While headline communication sales dipped slightly due to value-added tax adjustments and saturated mobile phone usage, underlying financial durability remains completely intact. The real story is the powerful gap between accounting earnings and actual cash flow. Operating cash inflow reached CNY 114.9 billion in the first half of 2026, while free cash flow surged over 100% to CNY 53.9 billion. Rapid expansion in enterprise cloud and computing power services now accounts for over 22% of core revenue, successfully stabilizing total cash generation.
China Mobile generated CNY 1.05 trillion in full-year 2025 revenue and CNY 137.1 billion in net income, followed by CNY 538.0 billion in first-half 2026 revenue. While headline communication sales dipped slightly due to value-added tax adjustments and saturated mobile phone usage, underlying financial durability remains completely intact. The real story is the powerful gap between accounting earnings and actual cash flow. Operating cash inflow reached CNY 114.9 billion in the first half of 2026, while free cash flow surged over 100% to CNY 53.9 billion. Rapid expansion in enterprise cloud and computing power services now accounts for over 22% of core revenue, successfully stabilizing total cash generation.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 1.02T | Max: CNY 1.04T | Min: CNY 11.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 12x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins reflect stable performance despite ongoing structural changes. In 2025, operating margins held near 14.2% while net profit margin reached 13.1%. In the first half of 2026, EBITDA margin stood at 32.3% of revenue, demonstrating effective operational cost containment across nationwide network operations. Recent margin compression stems from administrative value-added tax changes and a 27.7% jump in depreciation charges as newer computing servers enter service. However, disciplined labor costs, automated network maintenance, and the growing scale of enterprise cloud solutions provide a durable profitability floor that keeps net margins resilient above 12%.
Profitability margins reflect stable performance despite ongoing structural changes. In 2025, operating margins held near 14.2% while net profit margin reached 13.1%. In the first half of 2026, EBITDA margin stood at 32.3% of revenue, demonstrating effective operational cost containment across nationwide network operations. Recent margin compression stems from administrative value-added tax changes and a 27.7% jump in depreciation charges as newer computing servers enter service. However, disciplined labor costs, automated network maintenance, and the growing scale of enterprise cloud solutions provide a durable profitability floor that keeps net margins resilient above 12%.
Profitability Margins
Latest: 22.5% | Max: 68.0% | Min: 13.1%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
22.5%
Gross profit / revenue
Operating Margin
14.2%
Operating income / revenue
Net Margin
13.1%
Net income / revenue
FCF Margin
7.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 101,931,079,136.69 | 15,646,187,050.36 | 9,055,539,568.35 |
| 2017-12-31 | 113,750,230,414.75 | 17,554,377,880.18 | 7,875,729,646.7 |
| 2018-12-31 | 107,095,784,883.72 | 17,119,331,395.35 | 1,596,947,674.42 |
| 2019-12-31 | 107,171,982,758.62 | 15,321,982,758.62 | 6,124,425,287.36 |
| 2020-12-31 | 117,621,745,788.67 | 16,515,007,656.97 | 17,965,084,226.65 |
| 2021-12-31 | 133,373,899,371.07 | 18,229,088,050.31 | 16,895,125,786.16 |
| 2022-12-31 | 120,007,554,417.41 | 16,063,892,445.58 | 13,211,884,057.97 |
| 2023-12-31 | 142,156,197,183.1 | 18,558,591,549.3 | 17,255,915,492.96 |
| 2024-12-31 | 133,945,817,245.82 | 17,808,622,908.62 | 20,561,389,961.39 |
| 2025-12-31 | 146,352,932,188.84 | 19,105,411,874.11 | 10,868,097,281.83 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| 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 |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 65.74 | 16.67 | 15.35 | 8.88 |
| 2017-12-31 | 68 | 16.22 | 15.43 | 6.92 |
| 2018-12-31 | 51.1 | 16.47 | 15.99 | 1.49 |
| 2019-12-31 | 54.94 | 15.17 | 14.3 | 5.71 |
| 2020-12-31 | 51.32 | 14.68 | 14.04 | 15.27 |
| 2021-12-31 | 28.77 | 17.92 | 13.67 | 12.67 |
| 2022-12-31 | 27.76 | 17.21 | 13.39 | 11.01 |
| 2023-12-31 | 28.21 | 16.66 | 13.06 | 12.14 |
| 2024-12-31 | 29 | 16.94 | 13.3 | 15.35 |
| 2025-12-31 | 22.55 | 14.19 | 13.05 | 7.43 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-08.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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