CHINA MOBILE-R(80941.HK)

Game Boosts Bilibili's Surge; Amazon AWS Services Experience Major Outage | Today's Important News Recap

1021 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. U.S. President Trump and Australian Prime Minister Albanese signed a critical minerals agreement at the White House. The core of the agreement includes each party investing $1 billion within six months to support mining and processing projects, establishing a price floor mechanism, and introducing indirect participation from Japan. The focus is on resources such as rare earths, gallium, and graphite, aiming to counter China's influence in the rare metals sector. This move is a key step for the West in restructuring the resource supply chain, attempting to break China's dominant advantage in the smelting and processing stages. However, Australia's shortcomings in processing technology and high costs are difficult to resolve in the short term...

China Mobile: Steady as a 'ballast', the cash cow doesn't 'drop the chain'!

China Mobile (600941.SH/00941.HK) released its financial report for the third quarter of 2025 (ending September 2025) after the Hong Kong stock market closed on the evening of October 20, 2025, Beijing time. Key points are as follows: 1. Operating data: Revenue & profit remain stable. $CHINA MOBILE(00941.HK) reported a total revenue of RMB 250.9 billion for the third quarter of 2025, an increase of 2.5% year-on-year. The company's telecommunications business saw a slight year-on-year increase this quarter, with revenue growth mainly driven by product sales and other businesses...

China Mobile Quick Interpretation: The company's operations remained stable this quarter, with revenue and profit maintaining low single-digit growth. Among various expenses, selling expenses and depreciation & amortization expenses have declined, while employee expenses remained stable. The company's business is mainly divided into two parts: communication services and product sales & others. Communication services revenue remained flat this quarter, with growth primarily driven by product sales & others. The number of mobile users increased by approximately 4 million quarter-on-quarter, reaching 1.009 billion, maintaining its position as the largest mobile operator in China. Behind China Mobile's 'stable' performance, the market is more focused on capital expenditure and dividend repurchase situations. ① In terms of capital expenditure, the company spent RMB 41.6 billion this quarter, a decrease of RMB 1.8 billion year-on-year, continuing the trend of capital expenditure reduction;② Dividend situation: The company distributed dividends of RMB 54 billion this quarter, with a dividend payout ratio maintained above 70%. Overall, the investment in China Mobile is more focused on its stable performance and high dividend characteristics, and this financial report once again confirms the company's investment logic. With stable operations, the reduction in capital expenditure is conducive to enhancing the company's profitability. A high dividend payout ratio will continue to attract investors who prefer high dividends. For more detailed information, please follow Dolphin Research's subsequent specific commentary. $CHINA MOBILE(00941.HK) $China Mobile(600941.SH)

Nvidia's Blackwell chip is about to be mass-produced in the United States; tariff easing signals continue to be released | Today's important news review

1020 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. In the latest interview, Trump continued to release signals of easing and hinted that the door is still open. Additionally, according to media reports, the Trump administration is quietly relaxing several tariff policies. This statement temporarily alleviated market concerns about the escalation of trade friction and is expected to boost risk asset sentiment. However, caution is needed regarding the repetitiveness of his strategy, and subsequent developments need to be observed for detailed implementation and continuity of execution. 2. Data released by the National Bureau of Statistics shows that the domestic gross domestic product for the first three quarters of 2025 was 101.5 trillion yuan, calculated at constant prices...

Micron to Stop Selling Server Chips to Chinese Data Centers; Meta Plans to Raise $30 Billion to Build Data Centers | Today's Important News Recap

1017 | Dolphin Research Focus: 🐬 Macro/Industry 1. Shares of two U.S. regional banks plummeted due to loan fraud and bad debt issues, with the regional bank index posting its worst performance since April. Risk aversion sentiment pushed up U.S. Treasury and gold prices. The event highlights potential risks in the credit market, and concerns about 'more risk points' will suppress sentiment in financial stocks, while reinforcing expectations for the Federal Reserve to maintain an accommodative stance. 🐬 Individual Stocks 1. $Micron Tech(MU.US) Micron Technology's U.S. stock fell in after-hours trading. According to reports, Micron will stop selling server chips to Chinese data centers...