China Mobile Achieved CNY708.4 Billion Operating Revenue In 2016

In 2016, China Mobile realized operating revenue of CNY708.4 billion, a year-on-year increase of 6%.

Its earnings before interest, taxes, depreciation and amortization were CNY256.7 billion, a year-on-year increase of 6.9%; and its net profit was CNY108.7 billion, a slight increase of 0.2% compared with the same period of previous year.

China Mobile’s average profit per day was nearly CNY300 million in 2016 and its net profit was nearly five times more than the combined net profits of China Telecom and China Unicom.

China Mobile’s communications service revenue up 6.7% in 2016; and its mobile data revenue increased by 43.5% year-on-year. Meanwhile, mobile data revenue accounted for 46.2% of China Mobile’s total communications service revenue and it had become the largest income source of the company.

By the end of 2016, China Mobile had 849 million mobile phone users, representing a net increase of 22.66 million. At the same time, its 4G users saw a net increase of 223 million, reaching a total of 535 million.

During the reporting period, China Mobile added 400,000 new 4G base stations and the total number of its 4G base stations reached 1.51 million, covering a population of over 1.3 billion.

Prior to this, China Unicom and China Telecom also released their annual performance for 2016. China Unicom reported operating revenue of CNY274.2 billion in 2016, a year-on-year decrease of 1%; and its net profit was CNY630 million, a year-on-year decrease of 94%. China Telecom reported operating revenue of CNY352.29 billion, a year-on-year increase of 6.4%; and its net profit was CNY18 billion, a year-on-year decrease of 10.2%.

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ChinaWirelessNews.com