Summary by Futu AI
China Mobile released a summary of its 2024 interim report on August 8, 2024, showing that the company's revenue reached RMB 546.7 billion, a year-on-year increase of 3.0%; the main business revenue was RMB 463.6 billion, a year-on-year increase of 2.5%. Net profit was RMB 80.2 billion, a year-on-year increase of 5.3%. The company decided to distribute an interim dividend of HKD 2.60 per share, a year-on-year increase of 7.0%. During the reporting period, the company continued to promote technological innovation, increased research and development investment, and R&D expenses increased by 40.6% year-on-year. In addition, the net cash flow generated from operating activities was RMB 131.3 billion, a year-on-year decrease of 18.2%. The company's total assets were RMB 1986.3 billion, total liabilities were RMB 637.7 billion, and the asset-liability ratio was 32.1%. The company stated that in the face of external environmental changes and economic challenges, it will continue to implement the new development concept, promote digital transformation and high-quality development.
