Netease Technologies News, August 8, China Mobile released its financial report today. In the first half of 2019, its operating income reached 389.4 billion yuan, down 0.6% from the same period last year. Among them, the revenue of telecommunications services reached 351.4 billion yuan, down 1.3% from the same period last year. China Mobile's shareholders should account for 56.1 billion yuan in profits, with a profit per share of 274 yuan, down 14.6% from the same period last year.
China Mobile said that with the saturation of the traditional telecommunications business market, the flow dividend fades rapidly. It is difficult to sustain the performance growth simply by relying on traditional factors. The industry as a whole shows negative growth, and the company's income and profit also bear greater pressure.
In terms of data, China Mobile's mobile customers increased by 9.98 million, reaching 935 million; its 4G customers increased by 21.13 million, reaching 734 million; its wired broadband customers increased by 18.2 million, reaching 175 million; and its Internet of Things smart connections increased by 142 million, reaching 693 million. In the first half of the year, the DOU of 4G customers (monthly usage flow per household) reached 7.1 GB, an increase of 132.5% over the previous year.
China Mobile said that in the first half of 2019, in the face of the complex and changeable business environment, such as the intensification of inter-industry and cross-border competition, the continuous promotion of speed-up and fee-reduction, the company timely adjusted its business thinking, took high-quality development as the main line, steadily promoted transformation and upgrading, comprehensively deepened reform and innovation, positively laid out 5G development, and carried out in-depth reduction. This efficiency increase has continued to maintain the scale advantage and leading position in the industry.
For 5G, China is promoting 5G and 4G technology sharing, resource sharing, coverage collaboration and business collaboration, making full use of 4G site and transmission resources, and building 5G network with low cost and high efficiency. During the year, the company will build more than 50,000 5G base stations nationwide to provide 5G commercial services in more than 50 cities. At the same time, the company will continue to play a greater role in the formulation of the next edition of the 5G International Standard (R16), and cooperate with industry parties to strengthen 5G-related basic technology research to ensure advanced technology.<#comment><#comment>