China Mobile First Quarter 2024 Earnings: EPS: CN¥1.38 (vs CN¥1.31 in 1Q 2023)

China Mobile (HKG:941) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥263.7b (up 5.2% from 1Q 2023).
• Net income: CN¥29.6b (up 5.5% from 1Q 2023).
• Profit margin: 11% (in line with 1Q 2023).
• EPS: CN¥1.38 (up from CN¥1.31 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Mobile Earnings Insights

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 2.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on China Mobile's balance sheet.

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