China Mobile Announces 2024 First Quarter Results

　　22 March 2024--China Mobile announces the first quarter report of 2024. During the reporting period, China Mobile's operating revenue reached RMB 263.7 billion, or 5.2% growth year-on-year. Profit attributable to equity shareholders was RMB29.6 billion, an increase of 5.5% year-on-year.

　　In the “Customer” market, as of March 31 2024, mobile customers totaled 996 million, including 795 million 5G package customers and 488 million 5G network customers. In the first quarter, mobile Internet traffic increased by 3.3% year-on-year, and mobile Internet DOU reached 14.9GB. Mobile ARPU was RMB 47.9.

　　In the “Home” market, as of March 31 2024, fixed broadband customers totaled 305 million, a net increase of 6.83 million quarter-on-quarter, of which 269 million were household broadband customers, a net increase of 5.28 million for the quarter. In the first quarter, the consolidated ARPU for household customers was RMB39.9, an increase of 1.8% year-on-year.

　　China Mobile stated that it will adhere to the principles of seeking progress while maintaining stability, keeping innovation, focusing on enhancing core functions and improving core competitiveness, accelerating the cultivation and growth of strategic emerging industries, accelerating the formation of new quality productivity, and building a world-class information service technology innovation company at a high level to continue to create greater value for the majority of shareholders and customers.