China Mobile reports 7.9 percent profit drop: UBS sets HKD 93.00 target for China Mobile stock

Published on 10/25/2026 at 02:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Mobile profit fell 7.9 percent to CNY 106.2 billion for nine months. UBS set a HKD 93.00 target for China Mobile stock.

Third-quarter results and targets

China Mobile reported a 7.9 percent profit decline for the first nine months on October 20, 2026.
UBS set a HKD 93.00 target for China Mobile on October 21, 2026.
China Mobile had a market capitalization of HKD 1.6 trillion as of October 23, 2026.

China Mobile, HK0941009539, Illustration mit AI erstellt.

China Mobile (HK0941009539) reported a 7.9 percent decline in net profit to CNY 106.2 billion for the first nine months of 2026 on October 20, 2026, according to Futu. On October 21, 2026, UBS upgraded China Mobile to Buy and set a HKD 93.00 target, as Markets Insider reported.

Profit fell faster than sales

China Mobile's first nine months produced operating revenue of CNY 780.3 billion, down 1.8 percent year over year. Core business revenue fell 3.7 percent to CNY 657.7 billion, while other business revenue rose 9.9 percent to CNY 122.6 billion, according to Futu's October 20, 2026 report.

Third-quarter revenue fell 3.4 percent to CNY 242.3 billion, while net profit attributable to shareholders dropped 12.2 percent to CNY 27.3 billion. Operating cash flow moved in the opposite direction, rising 15.1 percent to CNY 185.3 billion for the first nine months, according to C114.

What does the profit drop mean?

The comparison points to pressure in the traditional telecommunications business rather than a broad contraction across every activity. C114 reported that core business revenue fell 5.1 percent in the third quarter, while other business revenue increased 7.2 percent. That mix makes the expansion of newer technology services important for the next results cycle.

Three results milestones

On June 30, 2026, the quarter ended with reported revenue of HKD 270.4 billion and net profit of HKD 49.38 billion, according to Markets Insider. On August 13, 2026, first-half operating revenue stood at CNY 538.0 billion and net profit at CNY 78.9 billion, according to Yahoo Finance. The current event came on October 20, 2026, when the company released its third-quarter report with nine-month revenue of CNY 780.3 billion.

Reporting date and market value

The dated reporting marker was October 20, 2026, when China Mobile released its third-quarter results. China Mobile had a market capitalization of HKD 1.6 trillion on October 23, 2026, while its 52-week range was HKD 75.55 to HKD 88.90.

Stock stays below its yearly high

On the Hong Kong Stock Exchange, China Mobile was last at HKD 77.10 on October 23, 2026 at 4:08 p.m. HKT. The price stood below the 52-week high of HKD 88.90, while UBS's HKD 93.00 target provides a separate valuation reference.