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China Mobile (941) investor relations material
China Mobile Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 operating revenue fell 1.8% YoY to RMB780.3bn; profit attributable to equity shareholders declined 7.9% to RMB106.2bn.
Operating results were described as generally stable while strategic investment focused on communications, computing and AI services.
Financial highlights
Principal-business revenue decreased 3.7% YoY to RMB657.7bn; other-business revenue rose 9.9% to RMB122.6bn.
Profit from operations was RMB105.7bn versus RMB123.4bn; profit before tax fell 9.1% to RMB133.5bn.
Profit for the period was RMB106.3bn versus RMB115.4bn; profit attributable to equity shareholders was RMB106.2bn versus RMB115.4bn.
Basic EPS was RMB4.90 versus RMB5.34; diluted EPS was RMB4.86 versus RMB5.31.
Outlook and guidance
Strategic priorities include accelerating the shift toward a technology services enterprise, expanding computing services and reinforcing positioning in AI.
Plans include integrated deployment of communications, computing and AI networks, while improving quality, efficiency and competitiveness.
- Revenue and profit fell, but cash flow and computing/AI services posted strong growth.941
Q2 2026 - Revenue up 1.0% year-over-year, but profit and EBITDA declined as margins compressed.941
Q1 2026 - Revenue and operating profit rose as computing and AI growth offset mature communications.941
Q4 2025 - Profit rose 4.0% year-over-year on stable revenue and strong 5G and broadband growth.941
Q3 2025 - Net profit up 5% and interim dividend rose as digital and AI businesses drove growth.941
Q2 2025 - Profit attributable to equity shareholders rose 5.1% year-over-year to RMB110.9 billion.941
Q3 2024 - Net profit rose 5.3% to RMB80.2B, driven by digital, 5G, and cloud growth.941
H1 2024 - Profit and 5G customer base grew in Q1 2025, driven by digital and AI initiatives.941
Q1 2025 - Record profit, digital and AI growth, and higher dividends marked 2024.941
Q4 2024
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