China Mobile stock falls 0.76 percent as profits weaken

Published on 10/04/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Mobile stock closed at HKD 78.85 on October 2, 2026, after first-half net profit fell 6.3 percent to CNY 78.9 billion. Free cash flow rose 111.6 percent.

China Mobile, HK0941009539, Illustration mit AI erstellt.

China Mobile stock (ISIN HK0941009539) closed at HKD 78.85 on the Hong Kong Stock Exchange on October 2, 2026, down 0.76 percent from HKD 79.45. The latest operating update shows a split picture: first-half 2026 free cash flow rose 111.6 percent to CNY 53.9 billion, while net profit declined 6.3 percent to CNY 78.9 billion.

Cash flow offsets profit pressure

According to Yahoo Finance in the transcript of the 2026 interim results presentation, operating revenue reached CNY 538 billion in the first half of 2026, down 1.1 percent year-on-year. The comparison is negative at the top line, but the cash conversion trend moved in the opposite direction, with net cash from operating activities up 37 percent to CNY 114.9 billion.

The pressure was concentrated in the traditional communications business. Communications services revenue stood at CNY 350.4 billion, down 5.7 percent year-on-year, while computing services revenue reached CNY 52.9 billion, up 14 percent, according to Yahoo Finance.

Computing growth changes the mix

China Mobile's newer businesses supplied the clearest growth signal in the first half. Cloud computing service revenue increased 18 percent, intelligent computing service revenue rose 130 percent, and data center revenue advanced 13.2 percent. AI services generated CNY 49.3 billion, up 0.9 percent year-on-year, giving the company a larger digital-services base even as mobile communications revenue weakened.

Capital spending reached CNY 61 billion in the first half, up 4.5 percent year-on-year. Investment in computing networks increased 71 percent and AI network investment rose 85 percent, while research and development spending reached CNY 13.8 billion, up 6.5 percent, according to Yahoo Finance. That investment profile explains why earnings pressure and infrastructure expansion are appearing at the same time.

China Mobile stock stays below yearly high

The HKD 78.85 closing price stood 11.31 percent below the 52-week high of HKD 88.90 and 4.37 percent above the 52-week low of HKD 75.55 on October 2, 2026. Trading volume was 8,796,925 shares, and market capitalization was HKD 1.6 trillion on the same date.

Investing.com lists October 21, 2026, as China Mobile's next earnings date. The company's investor-relations page identifies ordinary shares on the Stock Exchange of Hong Kong Limited under stock code 941 and reports a December 31 financial year-end.