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研报掘金丨长江证券:中国移动23年营收破万亿,利润创新高,指引延续良好增长

Research Report Nuggets丨Changjiang Securities: China Mobile's revenue broke trillion in '23, profit reached a record high, leading to continued good growth

Gelonghui Finance ·  Mar 27 03:39

According to the Changjiang Securities Research Report, China Mobile (600941.SH)'s revenue broke through the trillion mark in 2023, and profits reached another record high. In terms of traditional business, ARPU has achieved steady growth on the basis of maintaining a steady increase in the number of users; mobile cloud is growing rapidly, and revenue is expected to exceed 100 billion dollars in 24 years. The slight decline in CAPEX guidance will increase investment in computing power and capacity. The guidelines for 2024 are clear. The goal is to achieve good revenue and profit growth, and ARPU continues to grow steadily. With the implementation of the new dividend payment guidelines, the dividend payout ratio will be further increased. Highly recommended, maintaining a “buy” rating.

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