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研報掘金丨華鑫證券:中國移動盈利能力持續提升,首予“買入”評級
格隆匯 12-11 13:40

華鑫證券研報指出,得益於在成本端的良好管控,中國移動(600941.SH)盈利能力持續提升,前三季度公司淨利潤率為14.02%,同比提升0.4pp。個人市場方面,2024年前三季度公司移動客户達到10.04億户,其中5G網絡客户達到5.39億户;家庭市場方面,有線寬帶客户總數達到3.14億户,前三季度淨增1536萬户,其中家庭寬帶客户達到2.76億户,前三季度淨增1246萬户。新興市場方面,深化“內容+科技+融合創新”運營,大力拓展國際業務。前三季度,公司內容媒體收入、國際業務收入均保持快速增長。公司通過強化研發投入在雲、人工智能、大數據等方向已取得較好的技術進展,公司將受益實現營收和利潤的持續提升,首次覆蓋,給予“買入”投資評級。

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