Source: Company Disclosure, ChinaScope Financial (Data)
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According to the 12Q3 results of China Mobile
(0941: HKG; CHL: NYSE), the company’s operating revenue and net profit in the
first three quarters were CNY 408.6 billion and CNY 93.3 billion, up 6.4
percent and 1.4 percent year-on-year respectively.
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Over the 12Q1-Q3 period, the company’s monthly
net addition of subscribers exceeded an average of 5.4 million. Total number of
3G subscribers reached 75.6 million in the reporting period. It reported the average
revenue per user (ARPU) of CNY 67.
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China Mobile is said to raise its 2012 earnings
target in order to appear more favorable ahead of the performance appraisal to
be administered by the State-owned Assets Supervision and Administration
Commission at the end of this year. However, China International Capital
Corporation (CICC) estimated that the company may not perform so well in the
last quarter of 2012 due to competition in the middle- and low-end market and
the launch of iPhone 5. China Mobile is behind its competitors in distributing
iPhones in mainland China.
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Related Data: Company Data
Compared with last year,
average user revenue remains low due to tight government regulation on telecom
prices. Wireless data traffic of China Mobile (0941: HKG; CHL: NYSE) continues
its strong momentum driven by the company’s efforts to expand in the 3G market.
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