CCTV, Beijing, January 4 (Reporter Huang Angjin) China Mobile announced on January 3 that the company’s shares will be listed on the Shanghai Stock Exchange on January 5.
The announcement shows that the price of this offering is 57.58 yuan per share. Prior to the exercise of the over-allotment option for this A-share issuance, the number of A-shares issued this time is 845,700,000; if the over-allotment option for the A-share issuance is exercised in full, the number of A-shares issued this time is 972,555,000 share.
If the over-allotment option for this A-share issuance is fully exercised, China Mobile’s A-share fundraising will reach 56 billion yuan, making it the largest A-share IPO in the past 10 years.
In terms of finances, China Mobile expects its operating revenue for 2021 to be approximately 844.877 billion yuan to 852.558 billion yuan, a year-on-year increase of approximately 10% to 11%; net profit attributable to shareholders of the parent company is approximately 114.307 billion yuan to 116.464 billion yuan, a year-on-year increase The growth rate is about 6% to 8%.
The prospectus disclosed that China Mobile will invest in 5G boutique network construction, cloud resource new infrastructure construction projects, gigabit smart home construction projects, smart middle-station construction projects, new generation information technology research and development and digital intelligence ecological construction projects.
(The picture is from CFP)
Among them, the 5G boutique network project will accelerate the large-scale deployment of 5G networks and the three-dimensional construction of “points, lines and planes”, build no less than 500,000 5G base stations, and build 5G SA core networks and network cloud resource pools; accelerate 5G and industrial Internet, The integrated development of intelligent manufacturing promotes the integration of information services into all industries and serves the public. The new cloud resource infrastructure construction project will further improve the mobile cloud “N+31+X” resource layout, build approximately 174,000 servers nationwide, and enhance the “network + cloud + DICT” capabilities. The gigabit smart home construction project will focus on gigabit business-intensive areas, carry out gigabit broadband network construction, and expand smart home application scenarios. The smart middle station construction project will create a “business + data + technology” smart middle station with the characteristics of operators and China Mobile, forming an AaaS (capability and service) service system.
Ma Jihua, the founder of Darui Consulting and an analyst for telecommunications and Internet, told CCTV reporters that China Mobile’s listing and financing can solve part of the funding problem on the one hand, and have a lot of financial resources to promote digital transformation and 5G new infrastructure, on the other hand, it will also drive related industries. The attention and willingness of investment will even stimulate the development of 5G applications.
At the same time, Ma Jihua believes that the return of similar leading companies in the digital economy will attract more capital and increase the amount of A-share funds.
Independent telecommunications analyst Fu Liang said in an interview with a reporter from China Central Broadcasting Network that China Mobile’s fundraising has a limited role in promoting the development of the domestic 5G industry. The more important significance lies in optimizing the structure of the A-share market and promoting the healthy development of my country’s stock market. “The most active companies in the stock market should be companies that have innovation and expansion potential and need capital support, such as top technology companies.”
In addition, due to the break of many new stocks in 2021, especially the opening of China Telecom’s A shares on September 24 last year, which soon fell below the issue price of 4.53 yuan, China Mobile’s stock price performance on the 5th opening naturally became the focus of attention.
In this regard, Fu Liang said that China Mobile’s A-share listing is unlikely to break.
Ma Jihua also believes that it is unlikely that China Mobile will break, and that the market value will rise stably.
Editor: Niuguyue
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