China Mobile pre-discloses the prospectus to raise 56 billion yuan, which is expected to surpass China Telecom’s A-share crown in the past ten years_Main Business

Original title: China Mobile’s pre-disclosed prospectus to raise 56 billion yuan is expected to surpass China Telecom’s A-share crown in the past ten years

Economic Observer Network reporter Feng QingyanThe three major operators are one step closer to the grand gathering of A shares. On the evening of August 18, the China Securities Regulatory Commission website showed that China Mobile pre-disclosed the A-share prospectus. Coincidentally, on this day, China Telecom announced that the company will officially go public on the Shanghai Stock Exchange on August 20 at an issue price of 4.53 yuan per share. China Unicom has previously been listed on the main board of the Shanghai Stock Exchange.

China Mobile’s proposed fundraising will likely exceed China Telecom, and it is expected to become the largest A-share IPO in the past decade. According to the prospectus, the company plans to publicly issue no more than 96.813 million A shares, which does not exceed 4.5% of the total number of shares issued by the company after the issuance. The amount of funds to be raised is 56 billion yuan, exceeding China Telecom’s 54.2 billion yuan. It will be invested in 5 projects including 5G boutique network construction, cloud resource new infrastructure construction, gigabit smart home construction, smart middle station construction, new generation information technology research and development and digital intelligence ecological construction projects. The total investment in these projects will reach 156.9 billion yuan.

The large capital expenditure is obvious. China Mobile’s 2021 capital expenditure budget is 183.6 billion yuan, and 86 billion yuan has been completed in the first half of the year, and 5G network construction investment has completed 50.2 billion yuan. The capital expenditures from 2017 to 2020 are 167.1 billion yuan, 165.9 billion yuan, and 180.6 billion yuan respectively.

The prospectus shows that in the first half of 2021, China Mobile’s revenue was 443.647 billion yuan, and the net profit attributable to shareholders of the parent company was 59.118 billion yuan. From 2018 to 2020, revenue will be 736.819 billion yuan, 745.917 billion yuan, and 768.07 billion yuan respectively, and the net profit attributable to shareholders of the parent company will be 116.699 billion yuan, 106.325 billion yuan, and 107.837 billion yuan respectively.

China Mobile’s revenue sources mainly consist of four sectors, including the personal market, the home market, the government and enterprise market, and the emerging market. Among them, the personal market is the largest source of revenue.

In the first half of 2021, China Mobile’s personal market revenue was approximately 255.545 billion yuan, accounting for 64.99% of its main operating revenue, but this has declined compared with previous years. From 2018 to 2020, the company’s personal market revenue was approximately 508.444 billion yuan, 490.748 billion yuan, and 476.966 billion yuan, accounting for 75.78%, 72.77%, and 68.56% of the main business revenue, respectively.

As the proportion of the personal market in the main operating income has been declining year by year, the proportion of the government and enterprise market in the main operating income has also been increasing year by year. In the first half of 2021, the government and enterprise market revenue will be approximately 73.074 billion yuan, accounting for approximately 18.58% of the main business revenue. From 2018 to 2020, the proportion of government and enterprise market revenue to main business revenue is 12.12%, 13.31%, and 16.23%, respectively.

At the same time, during the reporting period, the proportion of household market revenue to main business revenue is also increasing year by year. In the first half of 2021, the proportion is about 12.73%, and from 2018 to 2020, the proportion is about 8.12%, 10.28%, 11.96%. The proportion of emerging markets has not increased year by year, but 3.7% in the first half of 2021, 3.25% in 2020, 3.64% in 2019, and 3.98% in 2018. They have dropped in two consecutive years until this year. It is presented by a curve of growth in half a year.

The predecessor of China Mobile was listed on the New York Stock Exchange and the Hong Kong Stock Exchange in 1997. China Mobile was formally registered in 2000. On the evening of May 7 this year, China Mobile announced its decision to delist the New York Stock Exchange. As of the end of June, the total number of users of China Mobile reached 945506 million. At present, China Mobile’s business covers more than 200 countries and regions around the world, serving 946 million mobile customers, 205 million household customers, and 15.53 million government and corporate customers across the country.Return to Sohu to see more