China Mobile (HKG:941) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.04t (up 3.1% from FY 2023).
• Net income: CN¥138.4b (up 5.0% from FY 2023).
• Profit margin: 13% (in line with FY 2023).
• EPS: CN¥6.45 (up from CN¥6.16 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Mobile Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Telecommunications and Information Related Businesses contributing CN¥1.04t. Notably, cost of sales worth CN¥739.0b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥71.7b (44% of total expenses). Explore how 941's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Hong Kong.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of China Mobile's balance sheet and an in-depth analysis of the company's financial position.

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