China Mobile has been growing earnings at an average annual rate of 4.8%, while the Wireless Telecom industry saw earnings growing at 5.2% annually. Revenues have been growing at an average rate of 5.5% per year. China Mobile's return on equity is 9.5%, and it has net margins of 12.9%.
Key information
4.82%
Earnings growth rate
3.74%
EPS growth rate
Wireless Telecom Industry Growth
13.03%
Revenue growth rate
5.50%
Return on equity
9.53%
Net Margin
12.90%
Last Earnings Update
31 Mar 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How China Mobile makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BMV:941 N Revenue, expenses and earnings (CNY Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
1,052,905
135,806
120,238
29,965
31 Dec 25
1,050,187
137,095
120,491
29,253
30 Sep 25
1,043,967
142,845
125,236
28,163
30 Jun 25
1,037,784
142,407
126,428
26,574
31 Mar 25
1,040,812
139,395
125,080
28,352
31 Dec 24
1,040,759
138,373
126,305
28,163
30 Sep 24
1,025,207
137,141
68,124
13,610
30 Jun 24
1,025,334
135,794
124,459
32,167
31 Mar 24
1,022,270
133,308
123,052
28,900
31 Dec 23
1,009,309
131,766
118,005
28,711
30 Sep 23
989,332
132,433
116,814
21,477
30 Jun 23
971,044
131,357
112,652
19,604
31 Mar 23
960,685
127,902
112,589
18,566
31 Dec 22
937,259
125,459
108,991
18,091
30 Sep 22
923,115
127,507
106,284
17,779
30 Jun 22
901,545
127,094
133,649
22,579
31 Mar 22
877,149
117,505
106,787
16,198
31 Dec 21
848,258
115,937
105,589
15,577
30 Sep 21
842,300
113,205
145,621
9,513
30 Jun 21
821,854
111,196
61,214
0
31 Mar 21
785,199
108,399
87,511
1,718
31 Dec 20
768,070
107,843
62,175
0
30 Sep 20
753,617
106,441
67,756
0
30 Jun 20
746,353
106,343
64,776
0
31 Mar 20
742,217
106,441
67,756
0
31 Dec 19
745,917
106,641
67,756
0
30 Sep 19
735,819
104,581
123,898
0
30 Jun 19
734,414
108,203
61,809
0
31 Mar 19
736,319
115,681
123,898
0
31 Dec 18
736,819
117,781
60,326
0
30 Sep 18
738,714
117,179
122,573
0
30 Jun 18
743,475
117,245
88,714
0
31 Mar 18
742,014
115,279
122,573
0
31 Dec 17
740,514
114,279
122,573
0
30 Sep 17
735,221
112,741
112,452
0
30 Jun 17
726,941
110,844
116,854
0
31 Mar 17
714,921
109,641
112,452
0
31 Dec 16
708,421
108,741
112,452
0
30 Sep 16
690,835
111,239
79,483
0
30 Jun 16
692,995
111,775
120,682
0
31 Mar 16
682,535
108,639
79,483
0
31 Dec 15
668,335
108,539
100,151
0
30 Sep 15
683,614
111,138
19,138
0
30 Jun 15
672,519
108,812
80,049
0
Quality Earnings: 941 N has high quality earnings.
Growing Profit Margin: 941 N's current net profit margins (12.9%) are lower than last year (13.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 941 N's earnings have grown by 4.8% per year over the past 5 years.
Accelerating Growth: 941 N's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 941 N had negative earnings growth (-2.6%) over the past year, making it difficult to compare to the Wireless Telecom industry average (15.5%).
Return on Equity
High ROE: 941 N's Return on Equity (9.5%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/21 14:35
End of Day Share Price
2026/03/26 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
China Mobile Limited is covered by 48 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.