Summary by Moomoo AI
China Mobile Limited (“China Mobile”) announced its results for the year ended 31 December 2023. The report showed that the company's operating income reached RMB10,093 billion, up 7.7% year-on-year; communications service revenue was RMB8,635 billion, up 6.3% year-on-year. Digital transformation revenue reached RMB2,538 billion, up 22.2% year-on-year, accounting for 29.4% of communications services revenue ratio. Shareholders accounted for a profit of RMB1,318 billion, an increase of 5.0% year-on-year. The number of mobile customers is 9.91 million, of which 5G package customers are 7.95 million; mobile ARPU reached RMB49.3. The number of wired broadband customers was 2.98 million, of which the number of home broadband customers was 2.64 million; the combined ARPU of household customers reached RMB43.1. The Board proposes a full year dividend of 71% for 2023 with a final dividend of HK$2.40 per share and an annual dividend of HK$4.83 per share, an increase of 9.5% compared to 2022. The company actively promotes high-quality sustainability, achieves business performance innovation milestones, and plans to gradually increase its cash distributions over three years to more than 75% of that year's shareholders' profits from 2024.