China Mobile said that 2020 to 2022 is the three-year peak period for the company's 5G investment, as well as the peak period for the company's CAPEX. The peak period has now passed. The company's CAPEX has shown a downward trend in 2023. This year's CAPEX is expected to be around 183.2 billion yuan, down about 2 billion yuan from last year. In the long run, if there are no major special matters, the company's overall capital expenditure will maintain a gradual downward trend in the next two years, striving to reduce the CAPEX share to less than 20% in 2024-2025.
中国移动：今年CAPEX预计是1,832亿元左右，较去年下降20亿元左右
China Mobile: This year's CAPEX is expected to be around 183.2 billion yuan, down about 2 billion yuan from last year
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