China Mobile posted operating revenue of CNY 740.5 billion for the twelve months of 2017, which represents an increase of 4.5 percent from 2016. Revenue from telecommunications services reached CNY 668.4 billion in 2017, up 7.2 percent year-on-year. EBITDA amounted to CNY 270.4 billion, up by 5.4 percent from 2016, while profit increased by 5.1 percent year-on-year to CNY 114.3 billion. Chuina Mobile ended 2017 with 887 million mobile subscribers, following a net addition of 38.30 million in the 12-month period, according Telecompaper. China Mobile had 113 million wireline broadband customers at 31 December 2017, following a net addition of 35.06 million users in the period. The total number of household broadband customers reached 109 million at end-2017, with a net addition of 34.95 million. This accounted for 75.6 percent of the total number of new household customers in the market during the period, the company said. The number of subscribers of our home digital set-top box ‘Mobaihe’ reached 57.25 million and the household broadband blended ARPU topped CNY 33.3, up by 17.5 percent compared to 2016.
With a net addition of 126 million IoT smart connections in 2017, China Mobile’s IoT network consisted of 229 million connections. The company’s ‘and-Video’ service jumped 67.2 percent in revenue, while its mobile payment service dubbed ‘and-Wallet’ exceeded CNY 2.1 trillion in transaction value. China Mobile’s total number of 4G base stations increased to 1.87 million, covering 99 percent of the total population in China.
The company proposed an ordinary final dividend of HKD 1.582 per share; together with an ordinary interim dividend of HKD 1.623 per share already paid, total dividend for 2017 amounted to HKD 3.205 per share, representing a dividend payout ratio of 48 percent. The special dividend of HKD 3.200 per share has already been paid in 2017 in celebration of the 20th anniversary of the company’s public listing.
