China Mobile Limited

0941
Failed

Company Overview

China Mobile Limited (the “Company”, including its subsidiaries collectively known as the “Group”) was established in Hong Kong on September 3, 1997, and listed on the New York Stock Exchange (“NYSE”) and Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”) on October 22 and 23, 1997, respectively. The Company's stock became a constituent stock of the Hong Kong Hang Seng Index on January 27, 1998. The New York Stock Exchange submitted Form 25 to the US Securities and Exchange Commission on May 7, 2021, and the delisting of the Company's American Depositary Shares took effect on May 18, 2021. On January 5, 2022, the Company's RMB common shares (“RMB shares” or “A shares”) were listed on the Shanghai Stock Exchange (“Shanghai Stock Exchange”). On June 19, 2023, the Company added RMB counter trading for shares listed on the main board of the Hong Kong Stock Exchange (“Hong Kong Shares”). The Group provides communication and information services in all 31 provinces, autonomous regions, municipalities directly under the Central Government and the Hong Kong Special Administrative Region in mainland China. Its business mainly covers voice, data, broadband, private line, IDC, cloud computing, Internet of Things, etc. for individuals, households, enterprises and emerging markets. It is also the largest communications and information service provider in mainland China, as well as a world-class communications and information operator with the largest global network and customer scale, leading profitability and brand value, and leading market value. As of June 30, 2023, the total number of employees in the Group reached 450,000, the total number of mobile customers reached 985 million, and the total number of cable broadband customers reached 286 million. In the first half of 2023, the Group's operating revenue was RMB 530.7 billion. The ultimate controlling shareholder of the Company is China Mobile Communications Group Co., Ltd. (“China Mobile Group Corporation” for short). As of June 30, 2023, the Group directly and indirectly held approximately 69.79% of the total number of issued shares of the Company, with the remaining 30.21% held by public shareholders. Currently, the company's credit rating is equivalent to China's national sovereignty rating, which is S&P A+/ stable outlook and Moody's A1/stable outlook.

Country
HK
Market Cap
$178.70B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
1.62% passed
5% Threshold
1.6%
Liabilities Compliance
2.08% passed
33% Threshold
2.1%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name China Mobile Limited
Ticker 0941
Main Business Telecom Services
Type Common Stock
Industry Telecom Services
Country HK
Market Cap $178.70 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Revenue from telecommunications services $812,058.0 $0.0 -
Revenue from sales of products and others $125,201.0 $0.0 -
Other gains $9,388.0 $0.0 -
Interest and other income $15,729.0 $15,729.0 -
Income from investments accounted for using the equity method $10,986.0 $0.0 -
Total $973,362.0 $15,729.0 1.62% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
notes payable $3,714,285,714.3 2.08%
Total Interest-Bearing Debt $3,714,285,714.3 2.08%
Market Capitalization $178,698,461,538.5 100.00%
Compliance Status Threshold: 33% passed