China Mobile (941) Q3 2026 earnings summary

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.