China Telecom officially listed and China Mobile disclosed prospectus
The three major operators will soon join the A shares
News from our newspaper (reporter Sun Jie) The A-share index of the three major domestic operators is just around the corner.
Today, China Telecom officially listed on the Shanghai Stock Exchange.
China Mobile has also disclosed the prospectus, speeding up the pace of returning to A shares.
China Unicom was listed on the A-share market in 2002.
The market believes that the gathering of A shares of the three major operators will soon become a reality.
On August 18, on the same day that China Telecom officially announced the listing date, the official website of the Securities Regulatory Commission disclosed China Mobile's prospectus that the company plans to be listed on the Shanghai Stock Exchange.
China Mobile plans to issue no more than 965 million RMB shares this time, and plans to raise funds of 56 billion yuan.
This amount exceeds China Telecom's 54.2 billion yuan of fundraising, making it the fifth largest IPO in the history of A shares.
As the leader of the three major operators, China Mobile has the world's largest customer scale and network scale.
The prospectus shows that in terms of mobile communications, as of the end of June this year, the company had 946 million mobile customers with a market share of 58.42%; among them, the number of 5G package customers reached 251 million, with a market share of 50.63%.
In terms of wired broadband, as of the end of June this year, the company's wired broadband customers numbered 226 million, with a market share of 47.01%.
Financial data also showed that China Mobile's operating income from 2018 to 2020 reached 736.818 billion yuan, 745.917 billion yuan, and 768.07 billion yuan, respectively; during the same period, the net profit attributable to the parent reached 116.699 billion yuan, 106.325 billion yuan, and 107.837 billion yuan.
In the first half of this year, China Mobile’s operating revenue reached 443.6 billion yuan, a year-on-year increase of 13.8%, of which communications service revenue reached 393.2 billion yuan, a year-on-year increase of 9.8%, a 10-year high; net profit was 59.118 billion yuan, a year-on-year increase of 6% .
China Mobile is a red chip company incorporated in Hong Kong and listed on the Hong Kong Stock Exchange. The actual controller of the company is China Mobile BVI, which is registered and established in the British Virgin Islands, and holds 72.72% of the company's shares.
The China Mobile (Hong Kong) Group, a wholly-owned subsidiary of China Mobile Group, holds 100% of China Mobile BVI.
In October 1997, China Mobile was listed on the New York Stock Exchange and the Hong Kong Stock Exchange.
At the end of last year, China Mobile, China Unicom and China Telecom were forced to delist from the New York Stock Exchange.
Subsequently, China Telecom and China Mobile launched the A-share return in full swing.
On March 17 this year, China Telecom stated that it officially launched the return to A shares; on April 28, China Telecom disclosed its prospectus; on July 22, China Telecom’s initial listing application was approved by the China Securities Regulatory Commission’s Issuance Examination Committee; today, China Telecom Officially landed on the Shanghai Stock Exchange.
"We are a red chip, and the process is relatively more complicated. Full progress in the second half of the year, if it goes well, it is expected to be completed this year." At the performance and earnings conference held on August 12, China Mobile Chairman Yang Jie was asked about A When the stock listing progressed, the above response was made.
He said that the return to A shares will help promote the company’s development, and will also give customers more opportunities to share the benefits of the company’s growth and development. “Because our customer market is basically in China, if we come back, the capital market and the The customer market completely overlaps."
Including China Mobile and China Telecom, the return to A shares will undoubtedly further broaden financing channels.
And 5G will be the focus of major operators.
China Mobile said that the funds raised will be used for 5G boutique network construction, cloud resource new infrastructure construction, gigabit smart home construction, smart middle station construction, and new generation information technology research and development and digital intelligence ecological construction projects.
China Telecom said that of the total fundraising, 11.4 billion yuan will be used for 5G industrial Internet construction projects, 27 billion yuan will be used for cloud-network integration new information infrastructure projects, and 16 billion yuan will be used for scientific and technological innovation research and development projects.