Cloud Computing, Internet Datacenters and Big Data Business Intelligence from China

China Mobile Net Profit Up 2.7%

Chinese telecom operator China Mobile published its annual financial report for 2012, stating that the company’s operating revenue was CNY560.4 billion, a year-on-year increase of 6.1%; and its profit attributable to shareholders was CNY129.3 billion, a year-on-year increase of 2.7%.

At the same time, China Mobile’s earnings before interest, taxes, depreciation and amortization were CNY253.6 billion, a year-on-year increase of 1%, and its EBITDA rate was 45.3%. The company’s basic earnings per share were CNY6.43, an increase of 2.6% compared with the previous year.

By user group, China Mobile achieved net increase of 60.73 million users in 2012, reaching a total of 710 million. Of the total, 3G users saw a net increase of 36.72 million, reaching 87.93 million. Meanwhile, the number of the company’s group clients saw a significant growth to 3.46 million.

By service, its voice service continued to grow and the total call time of users reached 4.192 trillion minutes in 2012, a year-on-year increase of 7.8%. Its data service also saw a rapid growth. The mobile Internet business achieved a traffic increase by 187.6% compared with 2011 and the related revenue increased by 53.6%, accounting for 12.2% of the total operating revenue of the company.

For network construction, China Mobile’s network capacity and coverage continued to improve and its traffic load-bearing structure was gradually optimized. At present, its GSM network coverage and voice service quality maintains an advantageous position; while its 3G and WLAN coverage being obviously enhanced.

In addition, the company has been promoting the development of 4G network. It launched TD-LTE testing in 15 cities and it already built 4G networks which can be used for commercial operation in Hangzhou, Guangzhou, and Shenzhen. In Hong Kong, China Mobile launched TD-LTE/LTE FDD integrated network service.

Be the first to comment on "China Mobile Net Profit Up 2.7%"

Leave a comment

Your email address will not be published.


  Other China News

Nokia Phone Returns To China Via Exclusive Sales Channel

Artificial Intelligence Experts Join Sinovation Ventures

Apple's Struggles Drop Foxconn's Revenue 2.81% In 2016

Artificial Intelligence Guru Finds Search Engine Baidu


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

Hangzhou Promotes Local Products To Global Buyers

Who's Your Daddy? China's Daddybaby Protective Masks Certified by BSI

Barry Callebaut Group Brings Chocolate Academy To Shenzhen

Trina Solar Receives First IEC 62941:2019 Photovoltaic Certification