If you were given a ferry ticket, when would you like to get back? For China Mobile, it could have been a decade ago, followed by now.
Ten years ago, China's communications industry rose rapidly, and China Mobile's 4G license (TD-LTE technology) ushered in a historical turning point, followed by the first 4G operation, opening the road to counterattack. In the following decade, under the influence of multiple factors such as the gradual fading of the demographic dividend and the acceleration and fee reduction, the communications industry was no longer beautiful. Although China Mobile has an overwhelming lead among communication operators, it has not been able to outperform the trend.
The years do not live, the seasons are like a stream. The time has come to 2021, which is also a difficult year for the communications industry, but it is a year of "rapids" for China Mobile, not only smoothly returning to A shares, but also achieving counter-cyclical growth. China Mobile revealed at the 2022 work conference that the growth rate of China Mobile's operating income in 2021 is a new high in the past ten years, the scale of profits has reached a record high, the revenue of companies in 31 provinces, autonomous regions and municipalities has achieved positive growth, CHBN revenue has achieved positive growth, the scale of customers has continued to grow, the operating results are better than expected, and the transformation and upgrading and integration development pattern is taking shape.
The return of the dragon head: adding "ballast stone" to A shares
On January 5, 2022, in the hall of the Shanghai Stock Exchange, the gong of China Mobile's listing was officially sounded. If the over-allotment option is exercised after listing, China Mobile issued a total of 973 million A shares, raising a net amount of 55.350 billion yuan, becoming the largest IPO project of A shares in the past decade.
Looking back at the past year, China Mobile is preparing for returning to A. On May 17, 2021, China Mobile announced that in order to seize the window of opportunities for expanding information services, promote the implementation of the world-class "power building" strategy, promote the transformation of digital intelligence, build a new digital intelligence ecology, and stimulate new momentum for high-quality development, the company intends to apply for A-share issuance and listing.
On November 4, the CSRC announced that China Mobile's initial listing application was approved by the CSRC's Issuance and Review Committee. On the evening of December 23, China Mobile (600941) disclosed the results of the strategic placement of A-share IPO on the Shanghai Stock Exchange, and the total number of shares allocated by 19 strategic investors totaled 422 million shares, accounting for about 49.90% of the total issuance of the company before the "Green Shoe", and the total subscription amount was as high as 24.3 billion yuan.
As the largest and strongest leading enterprise among the three major operators, China Mobile has proved its undoubted intrinsic value to the market, whether it is its world's largest market size or the industry's leading profitability. With the help of A-share listing, China Mobile will further build a top digital economy "circle of friends", "circle of relatives" and "ecosystem". China Mobile's leading edge in the field of 5G and its layout in multiple innovative technology fields will also accelerate the company's transformation and upgrading into an information service technology innovation company.
Overall, China Mobile's successful listing in A-shares is a very iconic event. For China's capital market, as the first red-chip stock on the main board, China Mobile's return to A-shares will help enhance the overall strength of blue-chip stocks in the A-share market, form a linkage effect with high-priced technology stocks in the A-share market, and serve as the cornerstone of the A-share market. For China Mobile, it will help it build a new cooperation mechanism with complementary functions, benign interaction, resource sharing, and financial development, accelerate the in-depth layout of digital intelligence, prosper the digital and intelligent cooperation ecology, and share digital dividends with shareholders, customers and industries.
Elephants dancing: the "government and enterprise" aircraft carrier releases reform dividends
At present, new technologies such as 5G and cloud are being deeply integrated into all aspects of the economy and society, and China Mobile is also at an important juncture of "not advancing or retreating", requiring government and enterprise affairs to assume the role of "new momentum for increasing income and the main force of transformation".
At the 2019 Global Partner Conference, China Mobile released four major markets in the 5G era: C (mobile market), H (home market), B (government and enterprise market), and N (emerging market). China Mobile stressed that it will make all-round efforts through chBN's "four rounds" to achieve integrated, inclusive and coordinated development.
In the past few years, China Mobile's government and enterprise market growth momentum has repeatedly reached new highs, achieving leapfrog growth. In 2019, China Mobile carried out the reform of the government and enterprise system, forming a T-shaped structure and a "1+3+3" government-enterprise system. After that, China Mobile's government and enterprise affairs began to show its development potential. In 2020, China Mobile's DICT market revenue reached 43.5 billion yuan, a year-on-year growth rate of 66.5%, and the proportion of revenue in the government and enterprise market increased from 29.1% in 2019 to 38.5%.
According to the financial report data of the first three quarters of 2021, the revenue of China Mobile's DICT business reached 48.9 billion yuan, maintaining rapid growth. The dual-engine drive continues to upgrade, with mobile cloud revenue increasing by 133% year-on-year, public cloud ranking 8th, and government cloud ranking 3rd. 5G DICT signed more than 18 billion contracts to build 200 model houses. The income of government and enterprises has continued to rise, and the overall income has exceeded 130 billion, with a growth rate of more than 20% for many years.
In terms of the government and enterprise market, China Mobile mainly focuses on key products and key industries, and continues to promote the integrated development of "network + cloud + DICT". Strive to build the differentiated advantages of cloud-network integration, cloud-data integration, cloud-intelligence integration, and cloud-side collaboration, strengthen cloud resource product capabilities, and strengthen the construction of talents in the cloud field.
In terms of mobile cloud, China Mobile launched cloud reform in the second half of 2019, clarifying the goal of mobile cloud business: three-year market share into the first camp of domestic cloud computing service providers. The past year has been a decisive year for mobile cloud to enter the first camp, and its rapid development in terms of market scale, product capabilities, resource layout and service capabilities has been carried out, and its brand value has been comprehensively improved. At present, the mobile cloud has fully completed the resource pool layout of "N+31+X", with the central node covering 16 nodes in 13 provinces, more than 300 edge nodes, more than 210 self-developed IaaS, PaaS and SaaS products, and more than 2500 cooperative SaaS products.
At the same time, in 2021, China Mobile will continue to exert the traction effect of "model houses", join hands with industry leading customers to build 100 new group-level leading demonstration projects; actively promote 5G scale expansion and value realization, rely on benchmarking projects to actively create high-quality "commercial housing" with healthy business models, sign a total of 900 provincial regional special projects across the network, expand 452 5G private network projects, and the contract amount exceeds 122 DITT large orders, driving the incremental income of DITT to exceed 6 billion yuan.
Tiger Howling Mountain Forest: Sword refers to the world-class "Power Building"
The development strategy deployment of the world-class "Power Building" is the medium- and long-term development strategy of China Mobile Group Corporation researched and formulated by China Mobile in accordance with the requirements of the State-owned Assets Supervision and Administration Commission of the State Council on the creation of a world-class demonstration enterprise.
In recent years, China Mobile has taken the initiative to integrate and fully implement the national strategy, accelerate the construction of a world-class "power building", and actively play the leading role of informatization in economic and social development. As of November, China Mobile had more than 560,000 5G base stations, more than 100 million gigabit fiber coverage, more than 1.08 million data center racks, and more than 230 common capabilities for smart middle office aggregation. Innovative operation of "information high-speed rail" to meet the needs of digital and intelligent production and life. Develop 360 million 5G package customers and 250 million end customers.
On the solid foundation of the 5G network, China Mobile has accelerated the integration of 5G into hundreds of industries and served the public through the "5G+" plan, making 5G truly the main artery of social information flow, an accelerator of industrial transformation and upgrading, and a new cornerstone of digital society construction. At present, China Mobile has landed more than 5,000 "commercial housing" applications in the 5G industry and operated 28 5G open laboratories. He has led 134 5G international standard projects and obtained 3300 5G patents.
In the past year, C114 has followed in the footsteps of China Mobile and visited the landing projects of the "5G+" program across the country. In Liuzhou, we saw how China Mobile's 5G+ big data platform helped Liuzhou create a "gourmet business card"; in Jiangsu, Zhejiang and other places, we visited China Mobile's practical achievements in smart water conservancy, smart power and other industries, and deeply understood the profound impact and changes brought by 5G to the two fundamentals of people's livelihood: water and electricity...
It is reported that China Mobile has deeply implemented the "5G+" plan through "laying foundations, building tools, cultivating fields, planting crops, and building ecology", and accelerating the integration of 5G into hundreds of industries and serving the public. Focusing on 15 key industry areas, China Mobile has promoted the landing of 100 group-level leading demonstration projects and 1,000 provincial-level demonstration projects such as 5G smart grid, medical care, transportation, and mining.
In the past year, China Mobile has adhered to the principle of seeking progress in stability, adhering to the concept of system, deeply implementing the "5G+" plan, taking new steps in building a world-class "power building", promoting digital and intelligent transformation, and accelerating high-quality development to achieve new results. The journey of thousands of miles is full of wind, and the heavy responsibility of a thousand jun will raise the sails again. At the 2022 work conference, China Mobile once again proposed to accelerate the construction of a world-class "power building" and strive to be the first to become stronger, better and bigger! (C114 Nine-Nine)