1. Introduction to China Mobile
China Mobile Cable Company (Hong Kong stock 00941; A share 600941) was founded in September 1997 and listed on the New York Stock Exchange and the Stock Exchange of Hong Kong Limited in October 1997, respectively. The company was delisted from the New York Stock Exchange on May 18, 2021, and listed on the Shanghai Stock Exchange on January 5, 2022.
The company's business mainly covers voice, data, broadband, dedicated line, IDC, cloud computing, Internet of Things, etc. for individuals, households, government enterprises and emerging markets. It is the largest communications and information service provider in mainland China. It is also a world-class communications and information operator with the largest global network and customer scale, leading profitability and brand value, and the highest market capitalization ranking. At the end of 2022, the total number of employees reached 450,698, with annual revenue reaching RMB 93.73 billion, ranking 57th in the world's top 500.
2. The first quarter reported a double increase in revenue and net profit
China Mobile achieved operating income of 25.746 billion yuan in the first quarter, an increase of 10.3% over the previous year, and net profit attributable to shareholders of listed companies was 28.067 billion yuan, an increase of 9.5% over the previous year. Of these, non-recurring profit and loss contributed nearly 4 billion yuan to the company, that is, China Mobile's net profit after deducting non-net profit for the first quarter was 24.1 billion yuan, an increase of 0.3% over the previous year, mainly stemming from the fair value fluctuation income generated by the company's transactional financial assets held directly and indirectly. This is related to the stock prices of some listed companies held directly and indirectly by China Mobile...