On March 25th, China Mobile released its 2023 annual financial report, showcasing its continued dominance despite a slight dip in average customer spending.
The company boasted a staggering annual operating revenue of RMB 1.0093 trillion, marking a 7.7% year-on-year increase, with main business revenue hitting RMB 863.5 billion, up by 6.3% year-on-year, surpassing industry average growth rates.
By the end of 2023, China Mobile's 5G network had amassed 464.81 million customers, with an average revenue per user (ARPU) of RMB 78.2 and a mobile internet usage of 25GB per user.
China Mobile has recently made adjustments to its service offerings, discontinuing the 8 CNY and 18 CNY plans while discreetly raising prices on certain packages.
The 8 CNY plan from China Mobile was targeted towards users with low-cost requirements. Priced at just 8 CNY per month, it included features such as caller ID, nationwide free incoming calls, and either 30 minutes of domestic calls or 100MB of domestic data (users could choose between the two). Additional usage beyond the allocated limits incurred charges of 0.19 CNY per minute for domestic calls and 0.29 CNY per MB for data (rounded up to the nearest minute or MB).
