Summary by Moomoo AI
China Mobile Limited released its semi-annual report on June 30th, 2024, showing its stable operation and announcing that it will distribute an interim dividend of HK$2.60 per share to shareholders. During the reporting period, China Mobile achieved operating revenue of CNY 546.7 billion, a YoY increase of 3.0%; net income of CNY 80.2 billion, a YoY increase of 5.3%. The company's total assets amounted to CNY 1.98 trillion, with total liabilities of CNY 637.7 billion and an asset-liability ratio of 32.1%. In addition, the company signed a cooperation agreement with China Broadcasting Network to jointly build and share a 700MHz 5G wireless network to promote the construction of the 5G network. China Mobile stated that it will continue to optimize its capital structure and ensure the company's sustainable development.
