(Reporter Zhao Jin) China Mobile’s net profit narrowed for two consecutive years, with a slight rebound last year. China Mobile announced its 2011 performance report yesterday that its operating income was 528 billion yuan, an increase of 8.8% year-on-year; net profit was 125.9 billion yuan, an increase of 5.2% year-on-year. It will earn 340 million yuan on 365 days. Yesterday, the stock rose slightly by 0.12%. As for the retiring of chairman Wang Jianzhou, Wang Jianzhou claimed that he was ready to retire and the time remained for the relevant department to decide.
Wireless Internet Business Drives Revenue Growth After the move in 2008, revenue, net profit, and new user growth have all narrowed. In 2011, the number of mobile subscribers increased by 65.55 million, an increase of 11.2%. The growth rate continued to narrower than in 2010, but revenue and net profit increased slightly.
In this regard, telecom industry analyst Fu Liang believes that the increase in performance is due to the economies of scale following the increase in the number of users.
In addition, the annual report shows that the wireless Internet business has grown rapidly, with revenue increasing by 45% from the previous year and accounting for 8.4% of operating revenue, which has become an important factor driving the growth of operating income.
However, analysts believe that it is very difficult for mobile to maintain high growth in the future. According to the financial report, the average monthly income per household in 2011 was RMB71, which was lower than the previous two years. Fu Liang analyzes that in the current situation of domestic mobile phone users reaching 1 billion, it is more and more difficult for mobile users to develop new users to expand the scale, and the strong diversion of China Unicom and telecommunications in the coverage of high-end users.
This year we are striving for a 1/3 share of the 3G market. The number of new 3G mobile subscribers added in the single month was overtaken by Unicom and Telecom at the end of last year. In yesterday’s performance briefing, Li Yue, CEO of China Mobile, said that the company’s 3G passenger target this year is a net increase of 30 million households, hoping to hold a third of the 3G market share.
The annual report shows that in 2011, the total number of 3G customers exceeded 51 million. As of the end of 2011, China Mobile’s 3G network achieved coverage in all cities above the county level.
In order to increase the attractiveness of 3G services, Mobile revealed that mobile phone subsidies in 2012 are expected to increase to 20 billion yuan.
When it comes to mobile sales of the iPhone, Wang Jianzhou said that he is still discussing with Apple and has not reached any agreement, but he emphasized that the main obstacle for both parties lies in the aspect of technology. This issue has been gradually resolved.
To speed up the commercialization of 4G In the past week, TD-LTE (4G) network upgrades are expected to prompt Goldman Sachs, Credit Suisse and other investment banks to upgrade their stock rating on China Mobile, but Wang Jianzhou admitted that 4G should contribute to the Group’s revenue. It will take some time.
However, in order to speed up the progress of 4G commercialization, mobile still increases capital expenditure this year. Mobile plans to spend 131.9 billion yuan this year, an increase of 2.65% year-on-year.
It is reported that during the year, it will enter the second-order 9-city scale trial, build more than 20,000 base stations, Zhejiang, Guangdong will be proposed to adopt smooth upgrades, and Hangzhou and Shenzhen will conduct business operations. In 2013, the number of base stations exceeds 200,000.
â– Relevant Deputy General Manager Lu Xiangdong Resigned On March 2, Mobile issued an announcement. Lu Xiangdong was assisting the judicial authorities in investigating the economic problems involved. China Mobile issued an announcement yesterday that Lu Xiangdong has resigned from the position of executive director and deputy general manager of the company and will take effect on the same day. The reason for resignation is that he cannot perform the duties of executive director and deputy general manager because of his current personal status. Lu Xiangdong has confirmed that he has no disagreement with the board of directors.
In the performance announcement, the chairman Wang Jianzhou pointed out that the group will further strengthen internal control, including procurement. Vice Chairman Lou Guohua revealed that Lu Xiangdong’s position is currently not being replaced.
During his tenure of office, Lu Xiangdong assisted the general manager in charge of the company's market operations, data services, and group customers. Since the original party secretary Zhang Chunjiang at the beginning of 2010, several former executives from the former head of the Ministry of Human Resources, Shi Wanzhong and the former deputy general manager of the Ministry of Data, have been investigated. Juggling with the outside world can open "move board" in prison. (Zhao Jin)
Wireless Internet Business Drives Revenue Growth After the move in 2008, revenue, net profit, and new user growth have all narrowed. In 2011, the number of mobile subscribers increased by 65.55 million, an increase of 11.2%. The growth rate continued to narrower than in 2010, but revenue and net profit increased slightly.
In this regard, telecom industry analyst Fu Liang believes that the increase in performance is due to the economies of scale following the increase in the number of users.
In addition, the annual report shows that the wireless Internet business has grown rapidly, with revenue increasing by 45% from the previous year and accounting for 8.4% of operating revenue, which has become an important factor driving the growth of operating income.
However, analysts believe that it is very difficult for mobile to maintain high growth in the future. According to the financial report, the average monthly income per household in 2011 was RMB71, which was lower than the previous two years. Fu Liang analyzes that in the current situation of domestic mobile phone users reaching 1 billion, it is more and more difficult for mobile users to develop new users to expand the scale, and the strong diversion of China Unicom and telecommunications in the coverage of high-end users.
This year we are striving for a 1/3 share of the 3G market. The number of new 3G mobile subscribers added in the single month was overtaken by Unicom and Telecom at the end of last year. In yesterday’s performance briefing, Li Yue, CEO of China Mobile, said that the company’s 3G passenger target this year is a net increase of 30 million households, hoping to hold a third of the 3G market share.
The annual report shows that in 2011, the total number of 3G customers exceeded 51 million. As of the end of 2011, China Mobile’s 3G network achieved coverage in all cities above the county level.
In order to increase the attractiveness of 3G services, Mobile revealed that mobile phone subsidies in 2012 are expected to increase to 20 billion yuan.
When it comes to mobile sales of the iPhone, Wang Jianzhou said that he is still discussing with Apple and has not reached any agreement, but he emphasized that the main obstacle for both parties lies in the aspect of technology. This issue has been gradually resolved.
To speed up the commercialization of 4G In the past week, TD-LTE (4G) network upgrades are expected to prompt Goldman Sachs, Credit Suisse and other investment banks to upgrade their stock rating on China Mobile, but Wang Jianzhou admitted that 4G should contribute to the Group’s revenue. It will take some time.
However, in order to speed up the progress of 4G commercialization, mobile still increases capital expenditure this year. Mobile plans to spend 131.9 billion yuan this year, an increase of 2.65% year-on-year.
It is reported that during the year, it will enter the second-order 9-city scale trial, build more than 20,000 base stations, Zhejiang, Guangdong will be proposed to adopt smooth upgrades, and Hangzhou and Shenzhen will conduct business operations. In 2013, the number of base stations exceeds 200,000.
â– Relevant Deputy General Manager Lu Xiangdong Resigned On March 2, Mobile issued an announcement. Lu Xiangdong was assisting the judicial authorities in investigating the economic problems involved. China Mobile issued an announcement yesterday that Lu Xiangdong has resigned from the position of executive director and deputy general manager of the company and will take effect on the same day. The reason for resignation is that he cannot perform the duties of executive director and deputy general manager because of his current personal status. Lu Xiangdong has confirmed that he has no disagreement with the board of directors.
In the performance announcement, the chairman Wang Jianzhou pointed out that the group will further strengthen internal control, including procurement. Vice Chairman Lou Guohua revealed that Lu Xiangdong’s position is currently not being replaced.
During his tenure of office, Lu Xiangdong assisted the general manager in charge of the company's market operations, data services, and group customers. Since the original party secretary Zhang Chunjiang at the beginning of 2010, several former executives from the former head of the Ministry of Human Resources, Shi Wanzhong and the former deputy general manager of the Ministry of Data, have been investigated. Juggling with the outside world can open "move board" in prison. (Zhao Jin)
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