Good afternoon, ladies and gentlemen. Welcome to China Mobile Limited 2021 interim results briefing. To prevent the spread of COVID-19, we continue to communicate our results by way of telephone conference. We appreciate your understanding on this. In today's briefing, I will first review on our overall results for the first half of 2021. Mr. Dong Xin, our CEO, will talk about the operating performance. Mr. Li Ronghua, our CFO, will talk about our financial results. Highlights of our operating performance in the first half of 2021 are summarized in the following seven areas. First, we continued to make encouraging progress on transformation and upgrade, with business performance demonstrating favorable trends in all aspects. Second, we advanced the comprehensive and integrated development of CHBN markets with value-oriented operating practices yielding notable results. Third, we further implemented the 5G+ Plan, and our 5G business is now on fast track of development. Fourth, we expedited the constructions of new infrastructure and laid a solid foundation for digital intelligence transformation capabilities. Fifth, we increased shareholders' returns and continuously create value for shareholders. Sixth, we strive to promote full-fledged digital intelligence transformation, and we are taking solid steps towards becoming an information services and sci-tech innovation enterprise. Seventh, we applied for RMB shares issue, sharing the promising future of digital economy. By way of reference, we've provided results of key performance indicators for the first half of 2021 in this table. In the first half of 2021, facing a complex and volatile internal external business environment, we drove our digital intelligent transformation in an all-round manner. With our all-out efforts to implement a 5G+ Plan, promote a comprehensive and integrated development of our CHBN markets, and actively explore the blue ocean digital economy, we continue to make encouraging progress on transformation and upgrade, with business performance demonstrating favorable trends in all aspects. Service revenue reached CNY 393.2 billion, representing a year-on-year growth rate of 9.8% that outperformed industry average by 1.1 percentage points. This growth rate surged significantly. Net profit stood at CNY 39.1 billion, up by 6% year-on-year, which reversed the downward trend in the past two years. EBITDA achieved a rebound and amounted to CNY 162 billion, up by 11.2% year-on-year. Our key performance indicators achieved outstanding performance. Service revenues increased by 9.8% year-on-year, a rate that hit a record high in 10 years. Mobile ARPU stabilized and rallied, achieving positive growth of 3.8% year-on-year. The number of 5G network customers reached 127 million, with penetration rate rapidly increasing. Revenues from DICT and smart home value-added services both rapidly increased. Our profitability continued to stay at a leading level among first-tier global operators. We continued to step up efforts to drive our scale-based and value-oriented operating system and promoted the comprehensive and integrated development of CHBN markets. Our value-oriented operating practices have yielded notable results. Customer market resumed positive growth of 0.7%. Home, business, and new markets rapidly increased by 33.7%, 32.4%, and 22.6%, respectively. Revenue from the non-customer market as a percentage of total service revenue, was 35%, up by 3.6 percentage points over 2020. The revenue structure is further optimized. We've quickened our pace to transform ourselves into an information services and sci-tech innovation enterprise. Our new drivers remained robust. Revenue from the new businesses amounted to CNY 80.1 billion, up by 38.3% year-on-year. It took up about 20% of our total service revenue, up by 3 percentage points over 2020. Revenue from smart home value-added services amounted to CNY 10.1 billion, up by 35.6% year-on-year. As a percentage of home market revenue, it went up by 1.5 percentage points over 2020. Revenue from DICT amounted to CNY 33.4 billion, up by 59.8% year-on-year. As a percentage of business market revenue, it went up by 7.2 percentage points over 2020. We have further implemented our 5G+ Plan, and our 5G business is now on fast track of development. In the consumer market, we focused our efforts on cultivating 5G network customers with an integrated strategy involving our value propositions such as products, terminals, network access, and tariff packages to boost 4G to 5G switching and effectively increase customer value. The number of 5G package customers and 5G network customers reached 251 million and 127 million respectively in the first half of 2021. 5G ARPU amounted to CNY 88.9. 4G versus 5G after migration, ARPU moved up by 10%. 5G DOU amounted to 20.7 GB. For the business market, we continue to utilize 5G business showcases to gain traction and brought in an additional 100 headquarter-level industry-leading demo projects with key customers from different industries. We continue to proactively drive the scale and value monetizations of 5G business. By launching quality commercialized projects, we're able to create a sound business model for 5G and convert it into actual business opportunities. Overall, in the first half of 2021, we signed an addition of 900 contracts of provincial-level feature projects and kicked off an addition of 452 5G dedicated network projects. 122 projects were large DICT projects, with the contract amount each exceeding CNY 10 million. These projects helped brought in additional DICT revenue of more than CNY 6 billion. By way of reference, we've provided some typical cases of China Mobile's 5G industrial applications in Appendix 4. We continue to make forward-looking deployment plans and make targeted investments, proactively promoting the constructions of new infrastructure. In the first half of 2021, we spent an overall CapEx of CNY 86 billion. Major areas of investments include the constructions of a premium 5G network, cloud-based infrastructure, 4+3+X data centers, as well as promoting smart transformations of our networks. Based on the principle of co-construction and sharing to create mutual benefits, we've orderly made progress on the co-construction and sharing of the 700 MHz network in collaboration with CBN, completing the centralized procurements of the master unit and antennas for the wireless network on behalf of the partnership. In the second half of 2021, we proactively forged ahead with the constructions of the 5G network, rationally utilized the spectrum resources of 700 MHz, 2.6 GHz, and 4.9 GHz, promote multi-band coordination, and achieve efficient resource deployment. We target to build a cumulative more than 700,000 5G base stations by the end of 2021, offering good coverage into urban areas of cities and counties, as well as key villages and towns and key areas across the countries in general. Looking ahead, we emphasize progression to the computing power network, including such network in the overall planning of the next generation new infrastructure and establishing a diversified computing power resources system managed by both centralized and dispersed approaches. At the same time, we redouble our efforts to achieve breakthroughs in key technologies and cultivate a diverse computing power ecosystem. We've quickened our pace to extend comprehensive reforms to our cloud business in order to nurture differentiated advantages in terms of convergences of cloud and network, cloud and big data, cloud and intelligence, and cloud and edge computing. Our cloud business demonstrated industry-leading growth. We are committed to ensuring our leading positions over resource and product capabilities. We've optimized our N+31+N deployment plan and self-developed more than 210 types of products. We are committed to ensuring our leading position over self-directed innovation capabilities. Our operating systems, elastic computing, storage, and Mobile Cloud management platforms were all managed independently. Besides being committed to ensuring our leading positions over basic service capabilities, we've also provided full-coverage dedicated cloud-based networks and offer personalized, customized, secure, and reliable services. The number of [Non-English content] users reached 116 million, representing a net addition of 13.19 million from the end of last year. Revenue from Mobile Cloud increased rapidly and reached CNY 9.7 billion, up by 118.1% year on year. Public cloud revenue share was ranked top 10 in the industry, achieving a breakthrough. We remain committed to implementing reforms, fostering innovation, and facilitating opening up and cooperation. Our efforts bore fruit, and we achieved remarkable results. On system reforms, with the goal of establishing China Mobile as a world-class model enterprise, we systematically further reforms to key areas such as governance, staff deployment, and incentive mechanisms, in order to build new momentums towards high-quality development of our organization. On technological innovation, we took a leading role in the evolution of 5G technologies and owned a standard-related patent pipeline that's put us in the camp of top-tier global operators. We constantly enhance ability to self-direct digitalization in various fields, including artificial intelligence, blockchain, IoT, cloud computing, security, and Super SIM. On open collaboration, we proactively build extensive networks and deepen strategic partnerships with local governments, large enterprises, and public institutions. We join forces with renowned higher education institutions, science research institutions to make further contributions on top-notch innovation. Further, we deepen cooperations with industry partners and step up efforts to further develop the relative circle and partnership network. On empowerment of mid-end platforms, we've preliminarily built our smart mid-end business plus data, plus technology platform with the characteristics of telecommunications operators and selling features of China Mobile. We also proactively developed capabilities to support various business scenarios and launch a China Mobile Smart Mid-end Platform, gateway, and branding. Currently, there are 208 types of capabilities on the mid-end platform, and they are deployed on average, nearly 7 billion times each month for the first half of the year. On the front of sustainable development, we've unveiled white paper on C² Three Energy China Mobile carbon peak, carbon neutrality action plan. Objectives are to save energies in our operations through technological innovation, raise the proportions of clean energy we use, and bring into play our operational advantages to realize and energize the empowerment of helping to reduce carbon emissions. To create higher returns for shareholders and share the results of its operating gains, after giving full considerations to its profitability, cash flow generation, and future development needs, the companies decided to pay HKD 1.63 per share for the 2021 interim dividend, representing an increase of 6.5% year-on-year. The company will strive to achieve favorable growth in full-year dividend per share and continuously create greater value for shareholders. At present, a new wave of technological revolution and industry transformation characterized by digital network and intelligent features has emerged. The digital economy has become the major driving force of growth. With 5G at the forefront, a new generations of information technology is integrating into the economy, society, and people's livelihood at an accelerated pace, giving rise to new factors, new models, and new products. An enormous blue oceans of business opportunities is taking shape. It is expected that the contributions of digital economies to China's GDP will increase from 38.6% in 2020 to more than 50% in 2025. Revenue from China's information service sector will have grown from CNY 10.8 trillion in 2020 to more than CNY 20 trillion in 2025. That will translate into tremendous opportunities for our digital intelligence transformation. Looking ahead, we are here to the strategy of becoming a world-class enterprise by building a dynamic powerhouse following the path of digital intelligence transformation to strive for high-quality growth. We'll develop innovative digital intelligence products and promote an extensions of our product offerings from the realm of telecommunication services to that of information services. We strengthen our digital intelligent networks and build up a network system that is characterized by the convergence of cloud and network, as well as the high level automation and intelligence. We'll establish a smart mid-end platform to support innovation and a digital intelligent organization equipped with sound systems and talented teams to satisfy the needs of our digital intelligence transformation. In addition, we'll nurture a digital intelligent ecosystems and proactively create a digital intelligent cluster to bring together different forces and unlock the potential of the digital space on a broader scale and at a deeper level. With our all-out efforts in the five areas above, we'll make every endeavor to develop our second curve of growth and create new growth drivers in the process of promoting the digital intelligence transformation of the economy and society, thus generating greater value for our shareholders and customers. In response to the 14th Five-Year Plan, we've made steadfast efforts to work on the two promotions and two integrations and take solid steps towards becoming a world-leading information services and scientific innovation enterprise. We strive to achieve the following goals by 2025. Operating revenue achieving favorable growth, profitability continuing to maintain at a leading level amongst first-tier global operators, the service capabilities of our Mobile Cloud, Phoenix Tree Big Data Platform, and Jiutian AI Platform entering the camp of top-tier industry players, and the proportion of revenue from new businesses related to information services recording remarkable growth. In order to grab the window of opportunities to develop the information services market, promoting implementations of strategies of becoming a world-class enterprise by building a dynamic powerhouse, advance digital intelligence transformation, cultivate a digital intelligent ecosystem with new vitality, and build a new momentum towards high-quality development, the company proposed to apply for the RMB share issue. The board approves a proposal, which subsequently approved by our shareholders at an extraordinary general meeting. Other related work is in progress and will be implemented upon approvals from the relevant regulatory authorities in accordance with relevant procedures. That basically concludes my part of the presentation. Now, let me turn it over to Mr. Dong Xin for operating performance. Thank you, Chairman Yang. I'm delighted to present our operating performance in the first half of 2021. In the first half of 2021, we saw comprehensive developments of the CHBN markets and encouraging growth momentum of our overall business. By way of reference, we've shown this table the revenue data of our CHBN markets. I'll now go through the latest development of all these four markets in more details. For the customer market, we promoted the integrations of data assets, applications, and customer benefits, and took a steadfast approach to drive the uptake in both quantity and quality of our 5G business, stimulating the upgrades of the consumption of information and communication services. Leveraging our value propositions of 5G services and customer benefits, we enhanced our brand managements of GoTone, M-Zone, and Easyown, effectively boosting customer value and loyalty. As of the end of June 2021, the number of mobile customers reversed the downward trajectory and recorded the growth, reaching 946 million and representing net additions of 3.59 million. Of these, the number of customers with integrated benefit products reached 110 million. Mobile ARPU stood at CNY 52.2, up by 3.8% year-on-year. Thanks to the stable customer base and the upturn in mobile ARPU, revenue from customer market resumed growth and reached CNY 255.5 billion, up by 0.7% year-on-year. For the Home market, we've quickened our pace to set up a service suite that combines full gigabit network connections with cloud-based applications. We've taken a consistent approach to obtain leadership in broadband, TV, and Smart Home services using quality content and applications as their respective driving forces. We recorded rapid growth in our customer base and revenue. The number of household broadband customers reached 205 million, with net additions of 13.39 million. Of these, our digital set-top box, Mobai, reached a total of 154 million customers with a penetration rate of 74.8%. Revenue from Home market increased by 33.7% year-on-year to CNY 50.1 billion, with the growth rate hitting record high again. Household broadband blended ARPU amounted to CNY 41.1, up by 16.2% year-on-year. For the business markets, we focused on key areas such as smart city, smart transportation, and industrial internet, and further promoted the integrated development of network, cloud, and DICT. In the first half of 2021, revenue from business market reached CNY 73.1 billion, up by 32.4% year-on-year, with the growth rate hitting record high again. The number of corporate customers reached 15.53 million, with net additions of 1.69 million. While we made redoubled efforts to develop our cloud business, we've continuously improved the planning of the constructions of a new infrastructure, such as data centers, develop industry-leading connections plus computing capabilities, and continuously facilitating standard upgrades and promotion. IDC revenue grew by 27% to CNY 11.8 billion. Revenue from dedicated lines increased by 7.7% year-on-year, totaling CNY 13.5 billion. ICT revenue reached CNY 8 billion, up by 57.3% year-on-year. The number of IoT smart connections reached 980 million. For the new market, we strive to draw on the spirit of innovation, entrepreneurship, and originality, and expand the scale of our new businesses. We continue to expedite development of our international business, digital content, finance technology, as well as equity investment and other operations and achieve notable results. In the first half of 2021, revenue from new market reached CNY 14.5 billion, up by 22.6% year-on-year. We obtained in the turnaround growth rate, which is also a record high. Of which, revenue from international business reached CNY 6.8 billion, up by 19.5% year-on-year. Revenue from digital content reached CNY 7.7 billion, up by 25.1% year-on-year. The monthly active users of the Migu Video across all platforms increased by 14.5% year-on-year. The number of users of our video ringback tones exceeded 180 million. The number of monthly active users of Hebao recorded year-on-year growth of 31.5%. Our equity investments income accounted for 11% of our net profit. We are now at a critical development stage for extensively applying 5G across industry sectors and serve the wider society. We'll make every effort to provide premium 5G, easy-to-use 5G, open 5G, and secure 5G services, leading the scale development of 5G business. We will facilitate multi-band coordination by constructing a multidimensional network with a multi-spectrum comprising 2.6 GHz, 4.9 GHz, and 700 MHz. We target to build over 700,000 5G base stations by the end of this year. We've strengthened our cloud-network convergence, taking steps to deepen convergences of cloud, network, edge computing, big data, and intelligence. We'll also take measures to realize public-private network convergence, designing and constructing our networks based on market development and demand, and at the same time accelerate the commercialization of high-quality development of 5G dedicated networks. To ensure compatibility of capabilities, we'll build up a suite of capabilities comprising dedicated network, platforms, applications, and devices for the 5G industry. As part of our efforts to promote replicable applications, we'll develop scenario-based and standardized solutions and speed up the transformations of business showcases into commercialized projects. We'll also take steps to enable customizable functions, while we segment corporate customers according to their willingness and ability to pay and optimize our on-demand business model. We'll continue to enhance industry cooperation in the three areas of fostering joint innovation, sharing basic capabilities, and driving industry maturity. We'll also ensure the security and reliability of 5G services by implementing full lifecycle security management and offering all-in-one security solutions. We are committed to consolidating our position in the market with supreme products and making use of scientific management to enhance efficiency. In the first half of 2021, we've expanded our customer base with nine products, each attracting over 100 million customers. Our products such as cloud products [Non-English content], CM Passport, Migu Music, cloud-based games, cloud-based VR, and Super SIM saw accelerated development. We've commonly agreed upon using scientific management and a classified management approach being gradually applied to various business lines and fields, allowing coherent coordination between local operations and specialized teams, and across specialized teams when it comes to market development and capability enhancement. This approach delivered remarkable results. Looking forward, we'll develop more and better flagship products through self-directed R&D, collaboration, acquisition, equity investments, and other measures, placing a focus on products compatibility with the company's strategic core capabilities, the needs for innovation and transformation, and other development directions. We'll strengthen scientific management and at the same time, continue to reinforce synergy from strategy formulation, market development, and capability enhancement, and build a differentiated and classified management system covering various fields. We precisely manage our organization in aspects such as resource allocation, service assurance, assessment targets, and organizational settings, taking into account the differences across local operations, thus continuously enhancing management standards and operating results. In the view of favorable business results and business development trend in the first half of 2021, we've revised our full-year telecommunication service revenue and net profit guidance from stable to healthy growth provided early this year to favorable growth. By way of reference, we've listed our major full-year business targets on this slide. We'll continue to pursue the strategy of becoming a world-class enterprise by building a dynamic powerhouse, drive digital intelligence transformation in an all-round manner, and strive to achieve our full-year targets. Now, let me turn it over to Mr. Li Ronghua for financial performance. Thank you, Mr. Dong. I'm delighted to present our 2021 interim financial results to you. Well, in the first half of 2021, we continued to promote transformational development and recorded growth in both revenue and profit. Service revenues was CNY 393.2 billion, up by 9.8% year-on-year. Sales of products revenue amounted to CNY 50.4 billion, up by 59.4% year-on-year. While we continue to strengthen cost management, we've appropriately increased our investments to support future transformation. Operating expenses increased by 15.2% year-on-year. Benefited by the optimizations of our wealth management product portfolio and the enhancement to the rates of return, interest and other income went up by 7% year-on-year. For the investments of associates, SPD Bank, China Tower, et cetera, also brought contributions to our returns. Income from investment accounted for using the equity method reached CNY 6.5 billion, increasing by 8.8% year-on-year. As a result, our net profit increased by 6% year-on-year to CNY 59.1 billion. Our profitability continued to stay at a leading level amongst top-tier global telecommunications operators. In terms of breakdown of revenue growth by business, as shown in the financial statements, the increase in service revenues mainly due to the growth in wireline broadband and applications and information services, of which the incremental revenue contributions from wireline broadband and applications and information services amounted to CNY 10.8 billion and CNY 21.6 billion, respectively. Revenue from wireless data traffic, SMS and MMS showed a slight increase, while voice services revenues record a slight decrease. As for the breakdown of revenue contributions by CHBN markets, the incremental revenue contributions from the Customer market, Home market, Business market, and New market reached CNY 1.8 billion, CNY 12.6 billion, CNY 17.9 billion and CNY 2.7 billion respectively. Going forward, we'll continue to drive the comprehensive and integrated development of our CHBN markets, advance digital intelligence transformation, promote continuous enhancement to business structure, and accelerate the shift of growth drivers. We continue to promote low cost and high-efficiency operations. We've taken measures to strengthen cost control across the board, covering every aspect of resource factors and processes and engaging all staff members. We've made conscious efforts to reduce costs, enhance efficiency, and these efforts yielded substantive results. In respect of the results of major cost items, network operations and support expenses went up by 11.4% to CNY 121.1 billion. The increase mainly attributable to the investment ramp-up in areas such as Smart Family, DICT, and the constructions of smart mid-end platforms to address our accelerating transformation. In addition, we expanded the scale of our 5G networks and data centers, et cetera. The corresponding operation and maintenance expenses have also gone up. Depreciation and amortization increased by 14.9% to CNY 99.5 billion. We've adjusted the residual value rate of certain assets to further enhance the quality of assets. After excluding associated impact, depreciation and amortization grew by 5.7% year-on-year on a comparable basis. Employee benefits and related expenses increased by 14% to CNY 55.9 billion. The government introduced a one-off social insurance reduction exemption policy during the COVID-19 outbreak last year, resulting in a lower base of comparison in same-pillar rates of 2020. Meanwhile, we have further increased resources to nurture and recruit management talents for the business and new markets, as well as R&D talents in the fields of 5G and AICDE. Selling expenses decreased by 3.1% to CNY 13.4 billion. The decrease mainly due to accelerating channel transformation, where we strengthened centralized online operations and fully utilized big data for precision marketing. The efficiency of the utilizations of marketing resources further improved. Benefited by favorable growth in revenue and sound cost control, our profit level continued to rise. EBITDA increased by 11.2% year-on-year to CNY 162 billion. EBITDA as a percentage of service revenue increased by 0.5 percentage points to 41.2%. Net profit reached CNY 59.1 billion. Basic earnings per share increased by 6% year-on-year to CNY 2.89. The company continued to record favorable cash flow. In the first half of 2021, net operating cash flow increased by 1% to CNY 161.6 billion. Free cash flow went up by 28% year-on-year to CNY 75.6 billion. Our capital structure maintains stable and healthy, with corporate credit ratings equivalent to China sovereign ratings. Overall, in the first half of 2021, we recorded favorable growth in revenue and profit, achieved effective cost control, abundant cash flow, and a stable and healthy capital structure. In the second half of 2021, we'll further increase revenue, cost control, tap into potential and raise efficiency, ensuring to achieve full-year performance targets. We'll continue to strengthen the management of funds, assets, and capital, continuously enhancing company value. In the meantime, we'll further strengthen risk management and control, building a solid foundation for the sustainable and healthy development of the company. This is the end of our presentation and analysis on our 2021 interim results. Thank you.
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