China Mobile Limited’s Net Profit Rose 9.5% in First Quarter of 2023

China Mobile Limited (中国移动有限公司) (600941.SH) reported a net profit of 28.1 billion yuan in the first quarter of 2023, up 9.5% year-on-year.

Meanwhile, the company posted 250.7 billion yuan in revenue, up 10.3% year-on-year.

At the end of the reporting period, it had 2 trillion yuan in total assets and 663.6 billion yuan in total liabilities, with a liability-to-asset ratio of 33.9%.