A few days ago, a news about China Mobile attracted people's attention during the Chinese New Year. A report released by the famous American investment management company Janus Henderson showed that it benefited from strong global economic development and business confidence. The growth of the global large-scale listed companies in 2017 reached 1.25 trillion US dollars, a record high, a 7.7% year-on-year increase.
The most popular among the people in China is that China Mobile (Hong Kong)’s dividend payment this year jumped from 19th last year to 2nd place, surpassing Exxon Mobil (3rd), Apple (4) and Microsoft (5). .
I checked the past 2017. China Mobile (Hong Kong) made three dividends, namely: March 23.23, HK$1.243 per share, and on August 10, 2 dividends, each The shares were HK$3.2 and HK$1.623. The total dividend for the year was HK$6.066. Based on the total outstanding shares of 20.475 billion shares, the total dividend for the year was HK$124.2 billion, equivalent to RMB100.7 billion.
First, what is “dividend payâ€, specifically refers to the company’s profit after tax, after making up for the previous year’s losses, withdrawing the statutory reserve fund and any provident fund, the remaining profits will be in cash or stock, according to the shareholding ratio of the shareholders or The methods specified in the company's articles of association are distributed.
China Mobile's 2017 financial report has not yet been released, but according to the revenue, profit level and growth rate of the past few years, its 2017 profit should be around RMB 100 billion, which means that China Mobile will almost all the profits. Share with shareholders.
How will the dividend of more than 100 billion yuan be distributed? Some people who eat melons will worry that China Mobile’s money on domestic users will be fully divided by foreign investors. In fact, this can be assured that according to China Mobile’s share capital structure, the main shareholder of China Mobile (Hong Kong) is “China Mobile Hong Kong (BVI) Co., Ltd.â€, holding 72.72% of the shares, and the ultimate controller of this company is “ China Mobile Communications Corporation (which was restructured at the end of last year and changed to "China Mobile Communications Co., Ltd."), and the 100% controlling shareholder of this company is the SASAC.
Of course, the remaining 27.28% of the dividend is shared by public investors. This part of the dividend is worth HK$33.8 billion, which is quite rewarding for public investors. As the eldest son of the Republic, China Mobile's outstanding performance also means that the Chinese economy is still running during the boom period. Therefore, gambling on Chinese national transporters has never been ill-treated.
Some people may ask why companies such as China Mobile, which have strong profitability, are not listed on domestic A-shares, allowing domestic investors to share more corporate development dividends. In fact, 20 years ago, when China’s mobile communication industry was just getting started, it was in urgent need of financial support. The reason why it chose to list in Hong Kong and New York had some subjective factors, but the most important thing was that the domestic A-share market was relatively small. And the downturn, it is impossible to undertake the scale of financing of China Mobile. Finally, China Mobile (in fact, China Telecom, China Mobile was later independent after the spin-off) successfully listed $4.2 billion in financing, which was a great help to the domestic mobile communications industry that faced huge infrastructure investment.
The generous dividends show the strong profitability of China Mobile and the open concept of sharing dividends with investors. On the other hand, it also shows its confidence in the future development in the coming 5G era. Development is getting better and better.
Of course, if we can give back to investors, we can appropriately raise the salary income of grassroots employees, so that employees can share the dividends of the company's development more. At the same time, we will continue to promote speed-up and fee reduction and benefit the public, so that China Mobile will be more affected. Welcome and respect.
According to Hong Kong Ming Pao Daily News, China Mobile (0941)'s performance in the first half of the year was better than expected. It also issued a special dividend of 3.2 yuan for the 20th anniversary of the listing. It once rose against the market by nearly 6%, and investment banks have raised their target prices. However, Chairman Shang Bing clearly stated that no special interest will be sent when the annual results are announced. Some analysts believe that the dividends may have a short-term stimulus to the stock price, but the reduction in tariffs and increased competition are still issues facing the company.
The parent company pays interest of 71.8 billion yuan
China Mobile announced in the afternoon that the net profit for the first half of the year was 62.7 billion yuan, up 3.5% year-on-year, with an interim dividend of 1.623 yuan, and a special dividend of 3.2 yuan per share, or 4.823 yuan, a 2.24 times higher than the interim rate of 1.489 yuan last year. The news stimulated the company's stock price to reverse the decline, once rose 5.8%, closed down to 2.78%, reported 87 yuan, the daily turnover of 6.482 billion yuan.
Means no special interest will be sent during the year
As of the end of June, China Mobile Bank's deposits and cash amounted to RMB 399 billion, which was calculated based on the approximately 20.5 billion issued shares of China Mobile. The total payment was over RMB 98.8 billion, with the parent company China Mobile Group holding 72.72% of the shares. In the case of RMB 100 million, small shareholders holding a single hand can earn interest of 2411.5 yuan. Shang Bing said that the special interest is to give back to the shareholders to commemorate the 20th anniversary. It is only one-time, and will not be there at the end of the year. Asked how to calculate this number, Shang Bing bluntly 'If I send 3.5 yuan, you will also ask me why.' China Shenhua (1088) had restructured after a large dividend, and China Unicom (0762) has embarked on a mixed system reform to introduce private enterprise capital, but Shang Bing said that China Mobile has no mixed system reform plan, and special interest is not intended to be mixed. Divide cash before the change.
Said that no mixed reform plan has nothing to do with dividends
Shang Bing said that the country's 'speed-up policy†reduced the traffic tariff by 36%, but at the same time the DOU (average number of users per day) increased by 6 times, resulting in a 33% increase in total traffic revenue. It is expected that the future tariff will still decline, to stimulate The traffic growth has achieved the effect of small profits but quick turnover. At present, the per capita consumption is only 1.4G, while in developed countries it is 3 to 4G. Compared with the future growth of traffic usage, there is still much room for growth. A number of big-time reports sang Good China Mobile, Credit Suisse assigned a special interest to surprise, and 4G data realizing ability is ideal, giving a 'out of the big market' rating, the target price is 110 yuan. Deutsche Bank believes that the company's special interest rate will increase the annual dividend yield by 7.6% and give a buy rating with a target price of 110 yuan.
Huang Guoying, director of the financial assets management of the company, believes that China Mobile’s share price has been “poor to the ground†for a long time, and the dividend payout action has slightly improved the stock price. If the tower company is successfully listed, it will have a chance to rise further.
Independent stock evaluator Yan Zikai said that China Mobile still has huge cash after paying dividends, which has little impact on the finances. It is not worried that its dividend will affect the existing business and the investment in 5G. The results were better than expected, and the stock price also performed well. The future growth will depend on the timing of the spin-off of the tower company. However, the competition will increase in the second half of the year, and the policy impact of speeding up the fee reduction will continue. The prospects are general and should not be pursued.
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