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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • China Mobile: 12Q1-Q3 Net Profit CNY 93.3 Bn, Up 1.4 Percent YoY 0 comments
    Oct 24, 2012 1:59 AM | about stocks: CHL

    Source: Company Disclosure, ChinaScope Financial (Data)

    + 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.

    + 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.

    + 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 (OTCQB: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.

    + 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.(click to enlarge)

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