China Mobile Limited

SHG:600941 China Telecom Services
Market Cap
$12.04 Billion
CN¥88.37 Billion CNY
Market Cap Rank
#230 Global
#6 in China
Share Price
CN¥97.89
Change (1 day)
+1.50%
52-Week Range
CN¥92.07 - CN¥118.25
All Time High
CN¥118.25
Categories
Companies in China Telecom Services
About

China Mobile Limited provides telecommunications and information related services in Mainland China and Hong Kong. The company offers voice, data, broadband, dedicated lines, internet data center, cloud computing, IoT, and other services for the customer, home, business, and new markets. It also provides design and consulting, communication engineering construction, planning, and facilities const… Read more

China Mobile Limited (600941) - Net Assets

Latest net assets as of September 2025: CN¥1.40 Trillion CNY

Based on the latest financial reports, China Mobile Limited (600941) has net assets worth CN¥1.40 Trillion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.11 Trillion) and total liabilities (CN¥704.17 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥1.40 Trillion
% of Total Assets 66.61%
Annual Growth Rate 12.76%
5-Year Change 21.15%
10-Year Change 51.74%
Growth Volatility 13.66

China Mobile Limited - Net Assets Trend (1997–2024)

This chart illustrates how China Mobile Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for China Mobile Limited (1997–2024)

The table below shows the annual net assets of China Mobile Limited from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥1.40 Trillion +3.76%
2023-12-31 CN¥1.35 Trillion +6.31%
2022-12-31 CN¥1.27 Trillion +4.61%
2021-12-31 CN¥1.21 Trillion +4.99%
2020-12-31 CN¥1.15 Trillion +4.11%
2019-12-31 CN¥1.11 Trillion +4.88%
2018-12-31 CN¥1.06 Trillion +6.77%
2017-12-31 CN¥988.88 Billion +0.69%
2016-12-31 CN¥982.14 Billion +6.71%
2015-12-31 CN¥920.37 Billion +7.19%
2014-12-31 CN¥858.64 Billion +8.59%
2013-12-31 CN¥790.72 Billion +9.02%
2012-12-31 CN¥725.31 Billion +11.51%
2011-12-31 CN¥650.42 Billion +12.65%
2010-12-31 CN¥577.40 Billion +13.74%
2009-12-31 CN¥507.63 Billion +14.61%
2008-12-31 CN¥442.91 Billion +18.35%
2007-12-31 CN¥374.24 Billion +17.18%
2006-12-31 CN¥319.37 Billion +16.94%
2005-12-31 CN¥273.11 Billion +17.01%
2004-12-31 CN¥233.40 Billion +17.30%
2003-12-31 CN¥198.99 Billion +15.43%
2002-12-31 CN¥172.39 Billion +54.18%
2001-12-31 CN¥111.81 Billion +33.46%
2000-12-31 CN¥83.78 Billion +46.74%
1999-12-31 CN¥57.09 Billion +24.54%
1998-12-31 CN¥45.84 Billion -15.98%
1997-12-31 CN¥54.56 Billion --

Equity Component Analysis

This analysis shows how different components contribute to China Mobile Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 59560.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥804.67 Billion 57.81%
Common Stock CN¥461.84 Billion 33.18%
Other Components CN¥125.52 Billion 9.02%
Total Equity CN¥1.39 Trillion 100.00%

China Mobile Limited Competitors by Market Cap

The table below lists competitors of China Mobile Limited ranked by their market capitalization.

Company Market Cap
Waste Management Inc
NYSE:WM
 		$89.00 Billion
CEZ as
LSE:0NZF
 		$89.02 Billion
Zurich Insurance Group AG
OTCQX:ZFSVF
 		$89.21 Billion
Marsh & McLennan Companies Inc
NYSE:MMC
 		$89.35 Billion
Williams Companies Inc
NYSE:WMB
 		$88.33 Billion
Canadian Imperial Bank Of Commerce
NYSE:CM
 		$88.19 Billion
American Tower REIT
LSE:0HEU
 		$87.59 Billion
BYD Co Ltd Class A
SHE:002594
 		$87.17 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Mobile Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,341,732,000,000 to 1,392,032,000,000, a change of 50,300,000,000 (3.7%).
  • Net income of 138,373,000,000 contributed positively to equity growth.
  • Dividend payments of 97,458,000,000 reduced retained earnings.
  • Share repurchases of 188,000,000 reduced equity.
  • New share issuances of 5,975,000,000 increased equity.
  • Other comprehensive income decreased equity by 109,570,000,000.
  • Other factors increased equity by 113,168,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥138.37 Billion +9.94%
Dividends Paid CN¥97.46 Billion -7.0%
Share Repurchases CN¥188.00 Million -0.01%
Share Issuances CN¥5.97 Billion +0.43%
Other Comprehensive Income CN¥-109.57 Billion -7.87%
Other Changes CN¥113.17 Billion +8.13%
Total Change CN¥- 3.75%

Book Value vs Market Value Analysis

This analysis compares China Mobile Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.51x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 17.90x to 1.51x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥5.47 CN¥97.89 x
1998-12-31 CN¥3.89 CN¥97.89 x
1999-12-31 CN¥4.73 CN¥97.89 x
2000-12-31 CN¥5.81 CN¥97.89 x
2001-12-31 CN¥5.98 CN¥97.89 x
2002-12-31 CN¥8.95 CN¥97.89 x
2003-12-31 CN¥10.06 CN¥97.89 x
2004-12-31 CN¥11.79 CN¥97.89 x
2005-12-31 CN¥13.72 CN¥97.89 x
2006-12-31 CN¥15.89 CN¥97.89 x
2007-12-31 CN¥18.38 CN¥97.89 x
2008-12-31 CN¥21.73 CN¥97.89 x
2009-12-31 CN¥24.95 CN¥97.89 x
2010-12-31 CN¥28.35 CN¥97.89 x
2011-12-31 CN¥31.95 CN¥97.89 x
2012-12-31 CN¥35.57 CN¥97.89 x
2013-12-31 CN¥38.77 CN¥97.89 x
2014-12-31 CN¥41.97 CN¥97.89 x
2015-12-31 CN¥44.81 CN¥97.89 x
2016-12-31 CN¥47.81 CN¥97.89 x
2017-12-31 CN¥48.14 CN¥97.89 x
2018-12-31 CN¥51.40 CN¥97.89 x
2019-12-31 CN¥53.57 CN¥97.89 x
2020-12-31 CN¥56.15 CN¥97.89 x
2021-12-31 CN¥58.89 CN¥97.89 x
2022-12-31 CN¥60.73 CN¥97.89 x
2023-12-31 CN¥62.67 CN¥97.89 x
2024-12-31 CN¥64.62 CN¥97.89 x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Mobile Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 9.94%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.30%
  • • Asset Turnover: 0.49x
  • • Equity Multiplier: 1.51x
  • Recent ROE (9.94%) is below the historical average (15.57%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 9.08% 32.00% 0.24x 1.19x CN¥-499.51 Million
1998 15.06% 26.19% 0.41x 1.41x CN¥2.32 Billion
1999 8.40% 12.42% 0.44x 1.53x CN¥-912.20 Million
2000 21.52% 27.74% 0.42x 1.87x CN¥9.65 Billion
2001 25.06% 27.92% 0.58x 1.55x CN¥16.84 Billion
2002 19.01% 25.47% 0.45x 1.65x CN¥15.52 Billion
2003 17.89% 22.42% 0.52x 1.55x CN¥15.68 Billion
2004 18.02% 21.83% 0.52x 1.58x CN¥18.69 Billion
2005 19.63% 22.03% 0.58x 1.54x CN¥26.27 Billion
2006 20.70% 22.35% 0.60x 1.55x CN¥34.13 Billion
2007 23.29% 24.39% 0.63x 1.51x CN¥49.69 Billion
2008 25.50% 27.35% 0.63x 1.49x CN¥68.57 Billion
2009 22.73% 25.47% 0.60x 1.48x CN¥64.49 Billion
2010 20.77% 24.66% 0.56x 1.50x CN¥62.02 Billion
2011 19.39% 23.84% 0.55x 1.47x CN¥60.96 Billion
2012 17.87% 23.07% 0.53x 1.45x CN¥56.93 Billion
2013 15.43% 19.31% 0.54x 1.48x CN¥42.81 Billion
2014 12.76% 17.04% 0.49x 1.51x CN¥23.62 Billion
2015 11.83% 16.24% 0.47x 1.56x CN¥16.81 Billion
2016 11.11% 15.35% 0.47x 1.55x CN¥10.84 Billion
2017 11.59% 15.43% 0.49x 1.54x CN¥15.72 Billion
2018 11.19% 15.99% 0.48x 1.46x CN¥12.54 Billion
2019 9.66% 14.30% 0.46x 1.48x CN¥-3.74 Billion
2020 9.39% 14.04% 0.44x 1.50x CN¥-7.05 Billion
2021 9.63% 13.69% 0.46x 1.53x CN¥-4.49 Billion
2022 9.67% 13.39% 0.49x 1.46x CN¥-4.28 Billion
2023 9.82% 13.06% 0.51x 1.49x CN¥-2.41 Billion
2024 9.94% 13.30% 0.49x 1.51x CN¥-830.20 Million

Industry Comparison

This section compares China Mobile Limited's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $1,458,772,401
  • Average return on equity (ROE) among peers: 9.95%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Mobile Limited (600941) CN¥1.40 Trillion 9.08% 0.50x $88.53 Billion
Beijing Bewinner Communications Co Ltd (002148) $1.22 Billion 10.61% 0.11x $437.69 Million
Net263 Ltd (002467) $1.05 Billion 6.60% 0.09x $1.15 Billion
Runjian Communication Co Ltd Class A (002929) $5.98 Billion 7.34% 1.48x $1.04 Billion
Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) $673.56 Million 2.07% 0.39x $332.87 Million
Dingli Communications Corp Ltd (300050) $219.84 Million 50.65% 0.36x $380.27 Million
Fuchun Technology Co Ltd (300299) $531.11 Million 14.13% 0.92x $421.56 Million
Zhong Fu Tong Co Ltd (300560) $230.82 Million 0.00% 0.55x $288.57 Million
Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) $1.67 Billion -2.99% 0.22x $1.46 Billion
Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) $1.17 Billion 4.30% 0.15x $530.67 Million
Wintao Communications Co. Ltd (301139) $1.85 Billion 6.79% 0.51x $169.25 Million