Gelonghui, April 22丨China Mobile (00941.HK) announced its results for the first quarter of 2024. The Group's operating revenue for the first quarter of 2024 was RMB 263.7 billion, up 5.2% year on year; of these, communication service revenue was RMB 29.3 billion, up 4.5% year on year; EBITDA was RMB 78 billion, down 2.3% year on year; profit attributable to shareholders was RMB 29.6 billion, up 5.5% year on year. The number of mobile customers is 996 million, of which 799 million are 5G package customers and 305 million are wired broadband customers.
In the first quarter of 2024, the Group insisted on steady progress, integrity and innovation, anchored the development position of a “world-class information service science and technology innovation company”, deepened implementation of the “1, 2, 25” strategy implementation ideas, and comprehensively promoted digital intelligence transformation and high-quality development. The “BASIC6” science and technology innovation plan accelerated, and business development showed a good trend.
In terms of the individual market, we insist on the integration and expansion of “connection+application+equity”, improve the existing customer operation system, continue to strengthen scenario operations, deepen integrated development, and further consolidate the scale and value foundation of growth. As of March 31, 2024, the total number of mobile customers in the Group was 996 million, of which the number of 5G package customers reached 799 million and the number of 5G network customers reached 488 million; in the first quarter, mobile Internet traffic increased 3.3% year-on-year, and mobile Internet DOU reached 14.9 GB; and mobile ARPU was RMB 47.9.
In terms of the home market, build a “full gigabit+ cloud life” smart home ecosystem, promote the large-scale development of home security, mobile HD, and intelligent networking, upgrade the smart home ecosystem, and enhance the value contribution of HDICT. As of March 31, 2024, the total number of the Group's wired broadband customers reached 305 million, with a net quarterly increase of 6.83 million, including 269 million household broadband customers, with a net quarterly increase of 5.28 million. In the first quarter, the comprehensive ARPU for household customers was RMB 39.9, an increase of 1.8% over the previous year.
In terms of the government and enterprise market, we will promote “network+cloud+DICT” scale expansion, increase commercial market expansion efforts, promote standardization, commercialization and platformization of government and enterprise solutions, deepen industry digital intelligence services, and promote high-quality development. In the first quarter, the Group's DICT business revenue continued to grow well.