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China Mobile (941) investor relations material
China Mobile Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue reached RMB266.5 billion for Q1 2026, up 1.0% year-over-year, with principal business revenue at RMB219.9 billion, down 1.1% year-over-year.
Profit attributable to equity shareholders was RMB29.3 billion, a 4.2% decrease year-over-year.
EBITDA declined by 5.0% year-over-year to RMB76.7 billion.
Mobile customers totaled 1,009 million, with a net addition of 3.76 million; broadband network customers reached 333 million, up by 3.90 million.
Financial highlights
Revenue from other businesses rose 12.7% year-over-year to RMB46.6 billion.
EBITDA margin was 28.8%, down from 30.6% in Q1 2025.
Profit before taxation was RMB37.6 billion, down 4.4% year-over-year.
Earnings per share (basic) was RMB1.36, compared to RMB1.42 in Q1 2025.
Outlook and guidance
Focus remains on strengthening communications, computing, and AI services, with emphasis on quality, efficiency, and technological innovation.
Aims to enhance core competitiveness and drive new productive forces for sustainable growth.
- Net profit rose 5.3% to RMB80.2B, driven by digital, 5G, and cloud growth.941
H1 202422 Jul 2026 - Operating revenue rose 0.9% as computing, AI, and international segments drove growth.941
Q4 202526 Mar 2026 - Record profit, digital and AI growth, and higher dividends marked 2024.941
Q4 202420 Dec 2025 - Net profit up 5% and interim dividend rose as digital and AI businesses drove growth.941
Q2 202520 Dec 2025 - Profit rose 4.0% year-over-year on stable revenue and strong 5G and broadband growth.941
Q3 20259 Dec 2025 - Profit attributable to equity shareholders rose 5.1% year-over-year to RMB110.9 billion.941
Q3 202413 Jun 2025 - Profit and 5G customer base grew in Q1 2025, driven by digital and AI initiatives.941
Q1 20256 Jun 2025
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