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China Mobile Reports Growth in Revenue and Digital Transformation for 2024

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China Mobile Reports Growth in Revenue and Digital Transformation for 2024

China Mobile ( (HK:0941) ) has provided an announcement.

China Mobile Limited reported a 3.1% increase in operating revenue for 2024, reaching RMB1,040.8 billion, with telecommunications services revenue up by 3.0%. The company saw significant growth in digital transformation revenue, which rose by 9.9% and now constitutes 31.3% of its telecommunications services revenue. The company continues to expand its customer base, with 1,004 million mobile customers and 315 million wireline broadband customers. China Mobile is advancing its strategic initiatives to strengthen its position as a world-class information services and sci-tech innovation enterprise, focusing on new quality productive forces in the information services industry.

More about China Mobile

China Mobile Limited is a major player in the telecommunications industry, offering a range of services including mobile and wireline broadband. The company is focused on digital transformation and innovation, leveraging technologies such as 5G and AI to enhance its service offerings and market position.

Average Trading Volume: 4,363

Find detailed analytics on 0941 stock on TipRanks’ Stock Analysis page.

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