China Mobile Full Year 2024 Earnings: In Line With Expectations

Simply Wall St.
03-24

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).
SEHK:941 Revenue and Expenses Breakdown March 24th 2025

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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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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