Telecom & Wireless

China Mobile Reports CNY62.7 Billion Net Profit For H1 2017

China Mobile published its semi-annual report for the first half of 2017, stating that the company realized operating revenue of CNY388.9 billion, a year-on-year increase of 5%; and its net profit was CNY62.7 billion, a year-on-year increase of 3.5%.

China Mobile's communication services revenue was CNY348 billion, an increase of 6.9%. Meanwhile, its mobile Internet revenue reached CNY187.7 billion, accounting for over 50% of its total communication services revenue.

During the reporting period, China Mobile's earnings before interest, taxes, depreciation and amortization were CNY140.7 billion, marking an increase of 4.7% compared with the same period of last year.

In regards to 4G development, China Mobile revealed in the report that the company's number of 4G base stations reached 1.65 million during the first half of 2017. At the same time, China Mobile saw a net increase of 58.62 million 4G users, reaching a total of 594 million. Its 4G penetration rate reached 69%.

China Mobile said that they are confident in achieving their development goal for the year, which is to add 100 million 4G users in 2017.

In addition, China Mobile launched VoLTE HD voice services in 313 cities and the number of its VoLTE users reached 98.73 million.

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