中国移动doc
学校名称:广东科贸职业学院
课程名称:会计英语
论文题目:Group Assignment
班级:09会电3班
小组号码:1号
小组成员:陈敏华 曾雯 梁嘉希 范志敏 吴燕琼 周思宏 田威伦
指导老师:朱竞
China Mobile Communications Corporation is an abbreviation based on GSM
network (namely GPRS networks) Mobile carrier, the
abbreviation of China Mobile, China telecom
predecessor for Mobile Communications agency. In
2000, April 20th established by the central government.
On May 16, 2000 officially put up for sale. Registered
capital for 518 billion the total asset is more than
7,000 billion . China mobile is the only focus on
mobile communication operation operator, has the
world's first network and client scale, is the Beijing
2008 Olympic Games partners. The SASAC
announced for the 2009 annual operating conditions
shows that China mobile communications group with total profit 1484.7 billion again top ranked, become the most profitable 108 home YangQi enterprise.
China mobile, the main business scope is covering telecommunication, It is the
nature of state-owned enterprises alone. China mobile is a based on GSM and td-scdma mode of mobile communication network operators, according to the country, is about telecom system reform deployment and requirements, in the original China telecom mobile asset stripping the overall basis of former state-owned backbone enterprise, in 2000, April 20 established by the central government. On May 16, 2000 officially put up for sale. The company's main shareholder is China mobile (Hong Kong) group Co., LTD. On December 31, 2009, the group company through its wholly owned subsidiary of
China mobile (Hong Kong) limited company, BVI company indirectly holds about 74.22% equity rights and interests, and the rest of the equity rights about 25.78% cent-owned by public holding. China mobile is a multi-national company. H-shares listed in Hong Kong. Share-holding system .But China mobile's joint-stock system.
China mobile communications group company registered capital for 518 billion ,
presently asset scale is more than 7,000 billion , the staff more than 10 million people, the customer number reaches 5.03 billion (August 31, 2009). China mobile
communications group company wholly owned China mobile (Hong Kong) group Co., LTD, by its holdings of China mobile (Hong Kong) limited company in the domestic 31 provinces (autonomous region, municipality directly under the central government) set up wholly owned subsidiaries, and listed in Hong Kong and New York. China mobile
communications corporation group and subordinate subsidiary is both the capital as the bonds, again with network and service chain of parent and subsidiary companies relationship.
China mobile communication mainly operating mobile voice, data, IP telephone and multimedia services, and has the computer Internet international networking business unit management and international gateway exchanges and retailing. In addition to providing basic mobile voice services outside, still provide fax, such as data, IP
telephone variety of value-added services, with "global", " Shen Zhou Hang", "m-zone"
three service brand, service Wang Hao as "134 (including Hao Duan 1349 section of 134 assigned to" QuanQiuXing "satellite phone) /
135/136/137/138/139/147/150/151/152/157/158/159/187/188".
Undoubtedly, operating more
good company will the farther.
China mobile overseas forays to
go the internationalization way.
February 2007, China mobile
communications company bought
buck mintel Paktel. China ,the
most excellent mobile operators
towards the internationalization of
substantial step, and in early 2008
launched business brand "ZONG". Today has developed three anniversaries, add more than 500 million users, users are 260 692 million, market share breakthrough 7%.”
Backed by the world's largest single market, China mobile in Pakistan has a parent solid financial support. However, there are still resistance is heavy, but believe they can still persist, toward the brilliant.
China mobile after China life insurance, beyond the bank of China, the first among the "China 25 home the most respected listed company" before 3 armour. The China's largest mobile operating company with its "become quality creator" firm faith, enough to redefine market, so gained more big investors' respect.
According to the latest data analysis, China mobile November net customer number 462.3 million households. China mobile (HK) 00941. December 20th,2010, announced latest operation data display, November company new subscribers 462.3 million
households, the new number is October 525.9 million households appear to drop considerably, new subscribers since August continuous declines.
Figures, as in late November, China mobile subscribers to 1883.5 million cumulative 3G door, November 185.4 million households, the slowest new new number is October 170.2 million households increased.
By the late November, China mobile users totaled 5.79 0.791 billion this year,
before November new subscribers 5735.6 million households.
China mobile Co., LTD - the shareholders of a company
Note:http://hkdata.stock.hexun.com/company/gsgd/00941.shtml
In recent three years, annual bonus is increasing year by year, sufficient proof of China mobile business income unceasingly quite high.
2007,22th ,October.
The 10th anniversary of China Mobile Limited’s Listing on the HKEx and NYSE.
NOTE:
In 2009, December 30, the directors and senior management personnel and the employees of China Mobile Limited, who according to Option Equity Plans can hold the equity of company. For example, WANG jianzhou who is the chief executive, has 970,000 shares number; LI Yue who is deputy general manager has 780,000 shares number ;LU Xiangdong who also is deputy general manager has 780,000 shares number.
NOTE :
The directors of China Mobile Limited ,can according to Option Equity Plans to hold the equity of China Mobile Limited .And then ,we will briefly the top three of the directors. The first, WANG jianzhou has 970,000 shares number; the second, LI Yue has 780,000 shares number; the third, LU Xiangdong has 780,000 shares number.
Analysis :In society, the directors and the senior management personnel exist
contradiction. They have many contradictions, such as money, reputation and power,
and so on. These can make them on corruptive road. Although I think it is like a coin have two sides, one is good, one is bad .People think it is wrong that executives and policymakers are the same person. For example, the director is the senior management personnel who maybe deficit embezzlement in his company ;and abuse of power to achieve his wishes; and use company to get dishonest gain. Finally, make illegal behavior and arrested by the police, lifelong in prison ashamed and
introspection .So ,people think the directors and the senior management personnel should power separate. It can make the company may continue in time to come .
But, some special companies have different thinks, such as China Mobile Limited .In the company the top of directors is also our the chief executive, and the second and the third directors is the deputy general managers. Somebody think, executives and
policymakers are the same person will make the company bankrupt. But now, China
Mobile Limited is developing better and better. Why? Because, China Mobile Limited set up three committees, the Audit Committee, the Remuneration Committee ,the
Nomination Committee. The three committees by the Independent non-executive
director composition. They will make company formed internal monitor, so that ensure
the company develop better.
—Annual Report 2009 Milestones
After completion, the two sides will in purchasing, roaming, data and value-added services, network and the technology aspects of collaboration. This transaction will help China mobile in including mainland China, Hong Kong and Taiwan, broad zone achieve business outspread, For mobile users to provide more extensive service. At the same time two sides also are interested in communications technology standard aspects discusses the research cooperation.
Note:
April 29 of 2009, China mobile, announced that in the afternoon. Spend 40.76 million hk dollar on buying far easton telecommunications company limited by shares (hereinafter referred to as far easton telecommunications) 12% of shares, officially become the company's strategic investment shareholders
Note:
Telecom intelligence analysts in FuLiang accepted "China electronic news reporter to interview:" telecom market at a reasonable price to wholly acquisitions and can get local competent departments target is too little, if any, more adept at capital operation and yellow, vodafone etc operators won't give China mobile leave too much chance."
"Subscribe far easton telecommunications shares are China mobile capital expansion of a normal link, gain yield is one of its important purpose, and political considerations are in second place." Ernst &young (China) business consulting Co., LTD. Global telecommunications center senior managers to the China electronic non-artificial newspaper reporters.
Note:
Announced subscribe far easton telecommunications 12% of shares, the stock market had little effect, the stock market not see big fluctuations, the second half into a smooth transition state shares.
Reason:
——Annual Report 2009 Note 17
——Annual Report 2009 Note 26
——Annual Report 2009 Taxation
For this investment will be established, because far easton telecommunications chairman Xu XuDong smell of ruling parties, political atmosphere after thawing of business opportunities, he immediately arrangement and China mobile chairman WangJianZhou meet, for cooperation units, plus China mobile has been wants to establish interrelations telecommunication services platform, both hit it off.
China mobile to establish 100% wholly owned subsidiaries in Taiwan, far easton telecommunications investment in law before easing skill levels. Actually the both sides signed a contract is shares of stock, hide mystery. China mobile seemingly capital contribution, but these money to turn into future encyclopedia far easton and China mobile in the mainland of a new business. Change perspective, China mobile just move funds, easily achieved far easton 12% stake, of course, far easton also is not a fool; it only 12% stake issued without spend a dollar cash can achieve future cooperation with China mobile expand greater China market opportunities.
Find 2007 stock analysis tables, only a data share price is 89.35.
2008年
http://www.cninfo.com.cn/finalpage/2009-01-06/48020165.PDF
2009年
China mobile limited company in 1997 October 23 listed in Hong Kong and in Hong Kong certificate is issued shares transfer registration Co., LTD [1**********] market shares, 1,542,005,297,830.00
I chose 07, 08, 2009 three years of closing the year of stock price analysis, found these years of closing price to see China mobile limited company stock downward tendency, from 2007 earnings 89.35 fell to the 2008 85.00 finally to 09 80.00 mark, below the end of 70.35. This conversion only use the company implements the option plans, make the company the number of shares is uneven, when high low, thus on stock circulation, clinch a deal amount, cause until the end of the closing stock prices falling trend, presenting instead.
全年每股股息2007年
2.098 2008年 2.743 2009年 2.804
4.35 5.63 5.74
(人民币) 每股基本盈利(港元)
China mobile limited company of a share dividends presents ascendant trend, the basic earnings per share is increasing year by year, the shareholder profit is increasing year by year, 08 than in 2007 increased 9.3%, 09 than 08 increase from 2.2%. In contrast, 09 than 2008 earnings growth rate for nearly 25 percent lower, this also makes people in 2009 returns return less than 2008 earnings.
The group to actively respond to challenges, performance stable growth and
profitability continue to maintain trade leading level, its operational income increased year by year, and the growth rate is objectively, 2007 reached RMB 356959 billion,
EBITDA reach 194003 billion, profit reach 54.3%, eps EBITDA basic earnings have also reached RMB 4.32. In 2008 the group to be managed continuously, their incomes are growing, 411810 billion, a year-on-year increase of margins, but this year, 9.8 per cent year-on-year reduced 0.8%. Basic earnings per share 5.62 reached RMB, a
year-on-year increase the 29.4.
2009, the group operational income reached RMB realize smooth growth, 4,521.03 billion, a year-on-year increase 9.8 per cent, Profitability keep leading level, the
shareholders shall account for 1,151.66 billion RMB profits reached, a year-on-year
increase of 2.3% shareholders shall reach 25.5 per cent profit margins, EBITDA reached RMB 2,290.23 billion, a year-on-year increase profitability, EBITDA 5.9% reached
50.7%); Basic earnings per share 5.74 reached RMB, a year-on-year growth of 2.2 per cent.
The group is robust capital structure and strong financial strength to resist the risk, realizing the sustainable and healthy development of a solid foundation.
In recent three years, annual bonus is increasing year by year, sufficient proof of China mobile business income unceasingly quite high.
Note:http://hkdata.stock.hexun.com/company/gsgd/00941.shtml
Our company always attaches great importance to the
shareholder's benefit and return, particularly small
shareholders. Based on the year 2009 good business
performance and considering the future long-term
development, according to the annual profits 43% of
the 2009 dividend payout ratio plan, the board of
directors advice by the 31st December 2009 fiscal
year end dividend of distributed 1.458 hk dollar, along
with already distributed interim dividend 1.346 hk
dollar, annual dividend of total 2.804 hk dollar, a
full-year profit dividend payout ratios for 43 percent.
Note:
http://www.chinamobileltd.com/op.php?menu=4
2008,March,Mobile year dividends over 2 hk dollar
China mobile (HK) 0941. Is the largest mobile service provider, plans this year
regression a-shares. Its thrown share out bonus plan is almost all the red chips in most attractive, as long as this year May 6, all can enjoy before transfer as 116 Hong Kong dollar/strands of the 2007 final dividend, but previously, China mobile has distributed the 0.837 hk $interim dividend. In addition, China mobile has distributed in middle special dividend hk $entropy, on the basis of distributed late again 0.016 hk $special dividend. Note:
2009 ,20th ,August, mobile released the first half performance, data shows, the revenue of RMB 2129.13 billion , an increase of 8.9%, net profit for 553.29 billion, an increase of 1.4%. Will be distributed interim dividend, 1.346 hk $per share, and plan the whole year profit dividend payout ratios for 43 per cent.
2010 18th, March, China mobile released on the Hong Kong stock exchange in 2009, annual earnings into huge 3G reign harvest achievement slight increase.
2009, China mobile achieve revenue 4521 billion, an increase of 9.8 per cent, a net profit of 1151.66 billion a year-on-year increase 2.3%. Net per share 5.74 , a
year-on-year growth of 2.2 per cent.
Note:
As a shareholder returns, China mobile 2009 net profit will be used to pay a dividend 43%, including interim dividend per share 1.346 hk dollar, final dividend per share 1.458 hk dollar
The Long - term debt equity ratio
Calculated data can be seen from the table, long - term debt equity ratio in reducing year by year. This indicates gradual increase in the operating results of the company and have a better cash flow generating capacity, will provide sufficient support for the company's future development. At the same time bring good returns on cash to shareholders.
As has been said, China Mobile is the biggest investment in mobile communication network construction, the investment was mainly invested by investors, which makes the company's owner's equity increased. Due to long - term debt equity ratio in the calculation formula and owners' equity is in the denominator position, So this investment will make long - term debt equity ratio reduction.
The quick ratio can be computed as followes:
Quick ratio=( Quick assets)/Current liabilities=(Current assets-Inventory)/Current liabilities
The 2007 China Mobile liquidity ratio=(207635-3295)/154953=1.3187
The 2008 China Mobile liquidity ratio=(240170-3494)/180573=1.3107
The 2009 China Mobile liquidity ratio=(287355-3847)/209805=1.3513
The ratio of quick assets to light and current liabilities ratio - to - state relations, make people pay attention to the potential of payment problems caused by the low - quality liquid assets. For example, This can often find a huge amount of investment in the stock company has lower mobility.