300 million a day! China Mobile's net profit increased by 1.5% in the third quarter, with a net increase of 46 million 5G customers

2022-10-21

China Mobile disclosed its financial report for the third quarter, and its revenue and net profit increased year on year, with an average daily profit of more than 300 million yuan. On October 20, China Mobile announced its unaudited performance and operating data for the first three quarters of 2022, which showed that China Mobile's operating revenue for the first three quarters of 2022 was 723.5 billion yuan, an increase of 11.5% over the same period; EBITDA (operating profit+depreciation dilution) was 251.5 billion yuan, up 5.9% year on year. The profit attributable to shareholders was 98.5 billion yuan, up 13% year on year. Both basic earnings per share and diluted earnings per share were 4.62 yuan. According to the semi annual report previously released by China Mobile, the revenue of China Mobile in the third quarter was 226.6 billion yuan, 205 billion yuan in the same period last year, up 10.5% year on year; The net profit attributable to the shareholders of the parent company was 28.3 billion yuan, 27.8 billion yuan in the same period last year, up 1.5% year on year; Based on this calculation, China Mobile made an average daily profit of 307.6 million yuan in the third quarter. In terms of specific revenue, China Mobile's communication service revenue in the first three quarters was 620.1 billion yuan, up 8.3% year on year. The revenue from sales of products and others was 103.4 billion yuan, up 36.4% year on year. From the performance of the third quarter alone, its communication service revenue was 193.7 billion yuan, up 7.8% year on year, and its sales revenue and other revenue were 32.8 billion yuan, up 29.6% year on year. By the end of the third quarter, China Mobile had 974 million customers, with a net increase of 17.15 million in the first three quarters. Among them, the number of 5G package customers was 557 million, a net increase of 46 million in the third quarter compared with the semi annual report; The number of wired broadband customers was 265 million, with a net increase of 9 million in the third quarter. From the ARPU (average income per user) of China Mobile, in the first three quarters, China Mobile's ARPU (average income per user) was 50.7 yuan, up 1.0% year on year, and its data in the first half of the year was 52.3 yuan. Cable broadband ARPU was 34.8 yuan, up 0.2% year on year. The comprehensive ARPU of household customers was 41.1 yuan, up 3.2% year on year. The financial report did not disclose 5G ARPU value data in the first three quarters. There was a voice in the industry that 5G ARPU had peaked. At the World 5G Conference on August 10, Liu Liehong, Chairman of China Unicom, also mentioned in his speech that Chinese operators provided cost-effective services. When traffic broke out, traffic revenue only increased by 0.7%, the average tariff was half of that of foreign countries, and the ARPU value (average revenue per user) was equivalent to 18% of that of the United States. On the topic of 5G ARPU value, the management of China Mobile once said in the semi annual financial report that the decline of 5G ARPU value was mainly due to the migration of some low-end ARPU customers to 5G, but the ARPU value was increased before and after customers handled 5G packages. Next, China Mobile will further improve the coverage of 5G networks, further enrich 5G applications, further release customer traffic, make customers dare to use, be able to use, and be easy to use, so as to realize 5G ARPU value migration

Edit:Ying Ying    Responsible editor:Wang Chen

Source:ThePaper.cn

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