China Mobiles Net Profits Hit 117.8 billion, Increased by 3.1% YoY

Updated:2019/3/22 16:22

China Mobile announced its 2018 financial report. In the year of 2018, China Mobile's annual operating income reached 736.8 billion yuan, registering a growth rate of 1.8%, of which communication service income reached 670.9 billion yuan, with a growth rate of 3.7%. The profits attributable to shareholders reached 117.8 billion yuan, with a profit per share of 5.75 yuan, increased by 3.1% year on year. All in all, China Mobile continues to be a world-leader of operators in terms of profitability.

By the end of 2018, 1.663 billion subscribers have connected to China Mobile, including 925 million mobile users and 157 million cable broadband users. The Internet of Things has 551 million intelligent connections, making China Mobile a leader in this field.

The 4G base stations of China Mobile has reached 2.41 million, according to the statistics. The data published by China Telecom and China Unicom show that as of December 31, 2018, they had 1.38 million and 990 thousand 4G base stations respectively, which means that the number of China Mobile 4G base stations is 40 thousand more than that of China Telecom and China Unicom combined.

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