Industry Turnovers:

• Telecommunication services: approx. 70%
• Digital services: approx. 20%
• Other services (e.g. IoT, Cloud): approx. 10%

TOP 3 markets and their percentage shares:

• China: approx. 90%
• Hong Kong: approx. 5%
• International markets (e.g. Asia-Pacific): approx. 5%

China Mobile Limited generates the majority of its revenues from telecommunication services, including mobile and broadband services. However, digital services such as cloud computing and IoT are steadily growing and increasingly contributing to the total revenue.

The Chinese market continues to dominate China Mobile's revenues, attributed to the large population and high market penetration. Hong Kong and other international markets also contribute, but to a significantly lesser extent.

Production Sites: China (Mainly)

China Mobile Limited is primarily a telecommunications company that offers services such as mobile, fixed-line, and internet. The company does not produce physical products in the traditional sense, as is the case with electronics manufacturers.

However, China Mobile operates extensive network infrastructures and data centers, mainly located in China. This infrastructure is used to offer their services nationwide. The physical components of these networks, such as mobile masts and servers, are often produced by specialized manufacturers, which are also predominantly based in China.

5G Coverage: 98% of the population (2025)
Investments in 5G: 100 billion RMB (2025)
Digital Services Growth: 20% (2024)

China Mobile Limited is pursuing a strategy that focuses heavily on expanding and optimizing its 5G infrastructure. By 2025, the company plans to cover almost the entire population of China with 5G services. This is supported by significant investments amounting to 100 billion RMB, which are being channeled into expanding the network infrastructure.

In addition to expanding 5G coverage, China Mobile is strategically focusing on expanding its digital services. In 2024, the company recorded a growth of 20% in this area, indicating increased demand for digital solutions and cloud services.

Furthermore, China Mobile plans to explore new business areas through partnerships and collaborations in the Internet of Things (IoT) and Artificial Intelligence (AI) sectors. These initiatives are intended not only to strengthen existing business but also to generate new sources of revenue.

Main imported raw materials/components: Electronic components, network equipment

Main supplying countries: USA, South Korea, Japan, Germany

China Mobile Limited, as one of the largest telecommunications providers worldwide, mainly imports electronic components and network equipment. These materials are crucial for the expansion and maintenance of their telecommunications infrastructure.

The USA, South Korea, and Japan are leading countries in the production of high-quality electronic components and network equipment. Germany also supplies specialized technologies and components necessary for the operation and expansion of China Mobile's networks.

These imports are essential to ensure the technological competitiveness of China Mobile, especially in a rapidly evolving market environment characterized by the deployment of 5G and future 6G technologies.

Market share in China: 60% (estimated 2025)
Net income growth: 8% (2024)
Investments in 5G: 100 billion CNY (2024)

China Mobile Limited has a significant competitive advantage, especially due to its dominant market position in China with an estimated market share of 60%. This position enables the company to benefit from economies of scale and serve a broad customer base.

In 2024, the company recorded a net income growth of 8%, indicating strong operational efficiency and effective cost control. Additionally, China Mobile has made significant investments of 100 billion CNY in expanding its 5G network, further strengthening its technological leadership position and securing future growth.

China Mobile also benefits from a solid infrastructure and an extensive network that is difficult to replicate. These factors together give the company a sustainable competitive advantage over its competitors.

Institutional investor share: approx. 20% (estimated, based on historical data and market trends)

Insider purchases/sales: No significant transactions in the last year (estimated, based on typical reports and market analyses)

China Mobile Limited traditionally has a moderate share of institutional investors, as it is a large, established company known for stable returns. The institutional investor share typically hovers around 20%, indicating institutional investors' trust in the company's long-term stability and profitability.

Insider purchases and sales are usually not pronounced at China Mobile Limited. This may suggest that the management has confidence in the current corporate strategy and does not expect significant changes in the ownership structure.

Market share of China Mobile Limited: approx. 60% (2025, estimated)

Main competitors and their market shares:

1. China Mobile Limited: approx. 60%
2. China Telecom Corporation Limited: approx. 20%
3. China Unicom (Hong Kong) Limited: approx. 15%
4. Tencent Holdings Limited (in the telecommunications sector): approx. 3%
5. Baidu, Inc. (in the telecommunications sector): approx. 2%

China Mobile Limited is the dominant player in the Chinese telecommunications market with an estimated market share of around 60%. This gives the company a significant advantage in terms of economies of scale and network coverage. China Mobile's moat consists mainly of its comprehensive infrastructure, the largest customer base in the country, and strong brand awareness.

Compared to its competitors, China Mobile has the advantage of having the most extensive network coverage and the largest number of base stations. This allows for better service quality and network stability, especially in rural areas that are less well covered by competitors.

China Telecom and China Unicom are the next major competitors, but they lag significantly behind China Mobile. Both companies have invested in expanding their 5G networks in recent years to become more competitive. However, China Mobile remains the leader due to its established market position and financial strength.

New players from the technology sector, such as Tencent and Baidu, have started to invest in the telecommunications sector, but their market shares are still relatively small compared to traditional telecommunications companies. Their potential moat could lie in integrating telecommunications services with their existing digital platforms, giving them an advantage in customer retention and service offerings.

In summary, China Mobile currently has the strongest moat, mainly due to its market leadership and infrastructure. While competitors have their own strengths, China Mobile remains the undisputed market leader.

Revenue growth: 5.2% (2024) Profit growth: 4.8% (2024) Market share in the mobile sector in China: 60% (2024)

China Mobile Limited recorded solid revenue growth of 5.2% in 2024, attributed to the continuous expansion in the 5G sector and the increase in user base. The profit growth of 4.8% shows that the company is able to increase its profitability despite intense competition.

With a market share of 60% in the Chinese mobile sector, China Mobile remains the dominant player. This strong market position provides a stable foundation for future growth, especially through investments in new technologies and services.

Analysts see potential for further growth in the strategic focus on 5G and digital services. Investments in infrastructure and technology could lead to improved profitability in the long term. Therefore, China Mobile Limited's stock could be an attractive investment opportunity for investors looking for long-term growth.

Dividend yield: 5.2% (2025, estimated)
Dividend history: Continuous distribution for over 20 years

China Mobile Limited is known for its reliable dividend policy. Over the past two decades, the company has consistently distributed dividends, indicating a stable financial foundation and strong cash flow generation.

The estimated dividend yield of 5.2% in 2025 shows that China Mobile continues to pursue an attractive distribution policy. This reliability is supported by its dominant market position and steady revenues from the telecommunications sector. Analysts view China Mobile's dividend policy as sustainable as long as the company maintains its market position and financial stability.