Capital Structure and Information Infrastructure Overview
Remarkable Results in Business Transformation
Continued to optimise
revenue structure
HBN as % of service revenue
Notable value contribution from the "second curve"
Digital transformation revenue
(RMB Bil)
+11.3pp over past three years
1H2023
42.7%
+2.7pp
Rapid growth in new businesses
Benefit product
to C
to H
revenue
Smart home value-added
business revenue
23.0%
21.4%
to B
DICT
to N
Digital content
24.9%
12.5%
79.7
39.2%
1H2021
132.6
110.8
Contribution to
incremental
service revenue
+19.6%
1H2022
1H2023
Digital transformation revenue as % of service revenue
+3.7pp
29.3%
25.6%
21.2%
2021
2022
1H2023
84.1%
中国移动
China Mobile
Note: Digital transformation revenue includes the revenues from new businesses from the
"Customer" market (Mobile Cloud Drive and others); the revenues from smart home value-
added businesses from the "Home" market; the revenues from DICT, IoT and dedicated
lines businesses from the "Business" market; and the revenue from the "New" market
(excluding revenue from international basic business)
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