Chinese full-service provider China Mobile has booked operating revenue of CNY181.3 billion (USD25.6 billion) for the first three months of 2020, a decrease of 2.0% year-on-year. Revenue from telecommunications services comprised CNY168.9 billion of that figure – an increase of 1.8% from CNY165.9 billion in Q1 2019 – whilst revenue from the sale of products fell by 34.9% to CNY12.4 billion, with Mobile attributing the decline to reduced sales of handsets and IoT devices as a result of the COVID-19 pandemic. EBITDA fell by 5.8% y-o-y to CNY68.5 billion, whilst net profit dipped by 0.8% over the same period to CNY23.5 billion.
Regarding the COVID-19 pandemic, China Mobile notes that it is endeavouring to provide reliable communications, maintain service continuity and step up its prevention and control measures. In addition, the company said it would accelerate its business transformation and upgrade programme to better leverage the ‘demand for informatisation services brought about by measures to prevent and control COVID-19 and the resumption of work and production.’
China Mobile counted a total of 31.72 million 5G users at the end of March 2020, up from 2.55 million three months earlier. Its overall mobile subscriber total fell by 3.98 million over the same period to 946.30 million, however, whilst its 4G user base also contracted by 6.06 million to 751.95 million. In the fixed segment, the operator booked 4.10 million net additions, bringing its customer base to 191.14 million.