941
193327A 193421E 20-F
2 4 5 6 8 14 22 26 34 39 55 56 63 65 71 73 75 76 78 134
2 2017 1 (TD-LTE) 2017 6 2017 5 esim NB-IoT 2017 8 203.200
3 2017 11 13913 9 2017 12 5G MVNO 346 NB-IoT
4 (FCS, FCIS) 99 60 852 3121 8888 852 2511 9092 www.chinamobileltd.com 941 CHL CUSIP 16941M109 183 17 1712 1716 BNY Mellon Shareowner Services P.O. Box 30170 College Station, TX 77842-3170 USA Overnight Correspondence: BNY Mellon Shareowner Services 211 Quality Circle, Suite 210 College Station, TX 77845 USA 1-888-269-2377 1-201-680-6825 shrrelations@cpushareowne rservices.com www.mybnymdr.com 20-F 20-F 99 60 101 Barclay Street, 22/F New York, NY 10286 USA
5 2017 2016 740,514 708,421 668,351 623,422 EBITDA 1 270,421 256,677 EBITDA 2 36.5% 36.2% EBITDA 40.5% 41.2% 114,279 108,741 3 15.4% 15.3% 5.58 5.31 1.623 1.489 1.582 1.243 3.200 6.405 2.732 2017 740,514 2017 668,351 2016 708,421 2016 623,422 EBITDA 2017 270,421 2017 114,279 2016 256,677 2016 108,741 1 EBITDA 2 EBITDA = EBITDA/ 3 = /
6 1997 9 3 1997 10 22 23 1998 1 27 2017 12 31 464,656 8.871.13 7,400 2017 12 31 72.72% 27.28% 2017 2,000 A+/ A1/
7 * 2017 12 31 * 中國移動通信集團有限公司 中國移動 ( 香港 ) 集團有限公司 中國移動香港 (BVI) 有限公司 72.72% 中國移動有限公司 27.28% 公眾股東 66.41% 中國移動 ( 深圳 ) 有限公司 中國移動通信有限公司 卓望控股有限公司 中國移動香港有限公司 中國移動國際有限公司 31 省 ( 自治區 直轄市 ) 連營子公司 中國移動通信集團 設計院有限公司 中移投資控股有限責任公司 中移物聯網有限公司 中移在綫服務有限公司 中移 ( 蘇州 ) 軟件技術有限公司 中移 ( 杭州 ) 信息技術有限公司 咪咕文化科技有限公司 中移互聯網有限公司 中移鐵通有限公司 0.03% 中國移動通信集團終端有限公司 99.97% 52.44% 中國移動通信集團財務有限公司 8.00% 中國移動通信集團北京有限公司持股 39.56%
8 62 2015 9 1982 2002 2005 58 2003 3 1976
9 59 2006 3 51 IT 2017 3 1989
10 OBE GBM, GBS, OBE, JP 702002 8 2013 5 PSA JP 19931998 20132015 682003 3 2016 5 19942015 ARA Asset Management Limited 3
11 GBS, SBS, JP 712013 5 2016 5 19972003 2003 4 2010 1 2010 62016 5 2010 102016 8 2015 42017 3 572017 3 1983 1987 1989 1994 20072010 2011 42015 3 1983
14
15
16 2017 2017 7,4054.5% 7.2% 6 12.298.87 1.13 2.29 1,1435.58 5.1% 2017 12 31 1.582 48% 1.623 3.200 6.405 6
17 2018 2017 602 36%9 1.26 2.29 67.2% 2.1 4G1.14 6.504G 73% 121.3% 4G DOU1.76GB 4G ARPU 66.4VoLTE VoLTE 2 4G187 99% 4G 3,49575.6% 1.09 5,725 ARPU 1 33.3 17.5% 1 ARPU = + /ARPU 35.1ARPU
18 52% POP 73 98% (CDN)NB-IoT 346 5G ITU 3GPP 5G (NFV) (SDN) 139 2428 13 5 IT IT IT 2017 7.7 43% + 2018 30%
19 4,476 2017 2016 40% 2017 CDP 10.4 4,498 GSMA Case For Change 10 2017 3.5 664 The Asset Corporate Governance Asia (TD-LTE)
20 5G ICT 2020 20202015 IT 5G NFV/SDN
21 2018 2018 4G ARPU ICT 2018 2018 14 2017 9 2018 3 22
22
23
26 2017 2017 2016 % 887 849 4.5 4G 650 535 21.4 38 23 69.1 4G 114 223 48.6 MOU / / 366 408 10.2 DOU MB/ / 1,399 697 100.9 4GDOU MB/ / 1,756 1,027 71.0 ARPU / / 57.7 57.5 0.3 113 78 45.2 109 74 46.9 ARPU / / 35.1 32.1 9.3 ARPU / / 33.3 28.3 17.5 229 103 122.0
27 20174G1.14 6.50 4G 121.3% 1.09 1.26 2.29 4G 4G4G 73% 4GDOU 1.76GB4G+1 VoLTE VoLTE 2 >50%
28 3,495 50M68% 5,725ARPU 33.3 17.5% IDC 30.8% 85.9% 2017 36% 67.2% 10.3%2.11.262.29 9 40
29 2017 66% 4G 2.7
30 20.2 60% 4G187 98% NB-IoT 346 34023T POP 73 12.29 8.87 1.13 2.29
31 4 43 5G 5G ITU 3GPP 5G 13913 5 20171,7754G NB-IoT IT 3.4 2018 4G IT2018 1,6612017 6.4%
34 2017 2017 2016 740,514 708,421 4.5% 668,351 623,422 7.2% 72,163 84,999 15.1% EBITDA 270,421 256,677 5.4% EBITDA 36.5% 36.2% 0.3pp 114,279 108,741 5.1% 15.4% 15.3% 0.1pp 5.58 5.31 5.1% 20177,4054.5% 6,6847.2%6 48%
35 623,422 (53,031) (497) 76,728 14,113 8,069 (453) 668,351 2016 語音 短信及彩信 無綫上網 有綫寬帶 應用及 信息服務 其他 2017 1,569 25.3%23.5%10.2 4,93424.9%73.8%10.5 3,649 26.6% 54.6% 2811.7% 39755.1% IDC 607 15.3% 72215.1%
36 2017 6,2045.1%83.8% 2017 2016 620,388 590,333 5.1% 46,336 39,083 18.6% 21,762 21,779 0.1% 149,780 138,090 8.5% 85,513 79,463 7.6% 61,086 57,493 6.2% 73,668 87,352 15.7% 182,243 167,073 9.1% 46318.6%6.3% 36931.3%TD-SCDMA10 61.2% 258.9%
37 2180.1%2.9% 1,4988.5%20.2% 8557.6% 11.5% 6116.2%8.3% 73715.7%974.1% 1,8229.1%24.6% 1,0142.2% 380 17.7% 322GVoLTE2G 104.5 2017 1,201 1.7% EBITDA 2,704 EBITDA36.5%0.31,143 15.4% 2017 2016 120,126 118,088 1.7% 2,389 1,968 21.4% 15,883 16,005 0.8% 210 235 10.6% 9,949 8,636 15.2% 33,723 35,623 5.3% 114,279 108,741 5.1%
38 201715,2215,332 35.0% 2017 10 4.50%631 2017 12 31 2016 12 31 558,196 586,645 4.8% 963,917 934,349 3.2% 1,522,113 1,520,994 0.1% 529,982 536,389 1.2% 3,250 2,467 31.7% 533,232 538,856 1.0% 3,245 3,117 4.1% 985,636 979,021 0.7% 988,881 982,138 0.7% 20172,4551,065 1,082 6802.4% 2017 4,072 97.5%1.4%1.1% 2017 2016 245,514 253,701 3.2% 106,533 194,523 45.2% 108,231 48,958 121.1% 67,981 66,410 2.4% A+/ A1/
39 2017 12 31 8 4 / 27
40 20 2017 12 31 72.72% 27.28%2017 622 (1) (2) (3) 99 60 I. 615 (i) 1/40 (ii) 50 (i) (ii)
41 II. 1/20 566 568 III. 13.51(2) 7 7 580 2017 1 1.582 6.405 48% 3 1.623 3.200 2 2016 1.243 2.732 46% 1.489 2015 1.196 2.721 43% 1.525 2014 1.380 2.920 43% 1.540 2013 1.615 3.311 43% 1.696 1 2 203.200 3 20
42 201716 285681 916 2017 5 25 18 1. 2016 12 31 99.9557% 2. 2016 12 31 99.9576% 3. 99.3620% 4. 90.2313% 99.8895% 5. 99.8085% 6. 10%99.9113% 7. 20% 83.5779% 8. 84.0614% 2017 20,475,482,897
43 2018 12 31 2018 3 22 4 13 4 16 5 17 6 8 9 2017 12 31 2017 2017 2018 2017 12 31 2018 6 30 2018 6 30 8 11 2017 9 29
44 2017 12 31 4 4 5 1 1 1 4 5 1 1 1 4 5 1 1 1 4 4 4 1 4 1 4 1 5 3 1 4 4 1 4 4 1 4 2017 3 23(i) (ii) (iii)2017 4 5 2017 9 292017 4 3 2017 2017
45 2013 8 11 A.6.52017 12 31 2017 2017 12 31 56 2017 1 12017 12 31 65 70
46 / 2017 2017544 3 1 2017 2016 12 31 201620-F 2016 2017 6 30 2017 2017 2016 2016 20172017
47 2017 2017 1 2017 2017 1
48 2017 959 2017 180,000150,000 180,000 8 11 2004 2003 12 31 20-F
49 2017 95% (jubao@chinamobile.com) CEO (010-52616186)
50 404 2017 20174G 2017 2018
51 2017 2017 12 31 404 6 2016 2017 6 103 107 7 10 15 6 404 7 2017 2017 2017 CDP 2017 12 31
52 2017 COSO 2013404 IT 2017 12 31 2017 12 31 2003 20-F
53 571 3b-4 303A.11 303A.01 303A.03 A.2.7 2017 1 303A.04/
54 303A.07 303A.10 303A.12(a)
55 2017 2017 40.5 29.1 50
56 2017 12 31 2017 30% 15% 2017 43% 2017 12 31 5% 2017 12 3117 18 2017 12 31 71 133 2017 12 311.582 48% 1.623 3.200 6.405 2018
57 89,532,505 2016 66,762,930 2017 12 31 13 33 29 33 2017 9 29 2017 3 23 2017 3 23 2017 3 23 95 811 XV
58 180,000 2017 12 31 9 13.51(2) 159 2017 12 31 * 150,000 0.00% 300,000 0.00% * 2017 12 31 20,475,482,897 2017 12 31 XV352
59 2017 12 31 2017 12 315% (i) 14,890,116,842 72.72% (ii) 14,890,116,842 72.72% (iii) (BVI)(BVI) 14,890,116,842 72.72% (BVI) (BVI) 2017 12 31 336 35 2017 12 31 (1) 22 (i)(ii) (iii) (2) TD-SCDMA40 TD-SCDMA
60 (3) 50 14.07 0.1% (1)2016 8 112017 2019 2017 2019 2016 8 112017 2019 2017 20192017 1 1 (2)2008 12 29 2008 12 29 (i) 2009 11 6 2010 1 1(ii) 2010 12 21 2011 1 1(iii) 2011 12 6 2012 1 1(iv) 2012 12 12 2013 1 1(v) 2013 8 15 2014 1 1 (vi) 2014 8 14 2015 1 1(vii) 2015 8 21 2016 1 1 (viii) 2016 8 11 2017 1 1 (ix) 2017 8 10 2018 1 1 (3)2011 8 18 2011 8 18 (i) 2011 12 6 2012 1 1(ii) 2012 12 12 2013 1 1(iii) 2013 8 15 2014 1 1(iv) 2014 8 14 2015 1 1(v) 2015 8 21 2016 1 1(vi) 2016 8 11 2017 1 1 (vii) 2017 8 10 2018 1 1 (1) (3)
61 (i) (ii) (iii) 3000Hong Kong Standard on Assurance Engagements 3000 (Revised)(Assurance Engagements Other Than Audits or Reviews of Historical Financial Information)(Practice Note) 740 Auditor s Letter on Continuing Connected Transactions under the Hong Kong Listing Rules14A.56 (A) (B) (C) (D) 2017 12 31 2017 12 31 HKEx-GL73-14 2017 12 31 2017 12 31 29
62 134 136 2017 12 31 2 2018 3 22
63 2018 5 171088 2017 12 31 2017 12 31 (1) (2) (3) (i) (ii) (iii)
64 (1) (2) (3) 2018 4 13 24 99 60 2017 12 311.5822018 6 27 2018 5 30 2018 3 22 2017 2018 5 112018 5 17 2018 5 10 4 30 183 17 1712 1716 2018 5 282018 5 30 2018 5 25 4 30 183 17 1712 1716 2017
65 71 133
66 2 (r) 4 IT IT
67 2 (i) 39 13 18 / 36 4G Voice over LTE VoLTE 2G 2G 2G 2G
68 2 (h) 39 / 17
69 405
70
2017 12 31 71 2017 2016 4 668,351 623,422 72,163 84,999 740,514 708,421 46,336 39,083 21,762 21,779 149,780 138,090 5 85,513 79,463 61,086 57,493 73,668 87,352 6 182,243 167,073 620,388 590,333 120,126 118,088 7 2,389 1,968 15,883 16,005 8 (210) (235) 9,949 8,636 148,137 144,462 11(a) (33,723) (35,623) 114,414 108,839 / (16) (5) 24 (735) 774 (1,038) (1,043) 112,636 108,578
72 2017 12 31 2017 2016 114,279 108,741 135 98 114,414 108,839 112,501 108,480 135 98 112,636 108,578 12 5.58 5.31 78 133
2017 12 31 73 2017 12 31 2016 12 31 13 648,029 622,356 14 78,112 89,853 15 28,322 26,720 16 35,343 35,343 1,721 1,708 18 132,499 124,039 19 33,343 29,767 20 44 35 21 6,504 4,528 963,917 934,349 22 10,222 8,832 23 24,153 19,045 24 31,201 25,693 25 57,152 24 24,552 16,801 26 221 221 1,519 1,097 20 65,630 31,897 21 691 197 27 279,371 335,297 28 120,636 90,413 558,196 586,645 1,522,113 1,520,994 29 4,998 30 233,169 250,838 3,303 1,206 31 85,282 84,289 32 190,866 180,950 26 8,646 5,563 8,716 8,545 529,982 536,389
74 2017 12 31 2017 12 31 2016 12 31 31 2,888 2,175 19 362 292 3,250 2,467 533,232 538,856 33(a) 402,130 402,130 583,506 576,891 985,636 979,021 3,245 3,117 988,881 982,138 1,522,113 1,520,994 71 1332018 3 22 78 133
2017 12 31 75 2016 1 1 402,130 (264,289) 72 (165) 279,484 500,104 917,336 3,032 920,368 2016 108,741 108,741 98 108,839 24 24 24 774 774 774 (1,043) (16) (1,059) (1,059) (1,019) 774 108,725 108,480 98 108,578 33(b)(ii) (20,764) (20,764) (13) (20,777) 33(b)(i) (26,227) (26,227) (26,227) 33(d)(ii) 25,721 (25,525) 196 196 2016 12 31 402,130 (265,308) 72 609 305,205 536,313 979,021 3,117 982,138 2017 1 1 402,130 (265,308) 72 609 305,205 536,313 979,021 3,117 982,138 2017 114,279 114,279 135 114,414 (5) (5) (5) (735) (735) (735) (1,038) (1,038) (1,038) (1,043) (735) 114,279 112,501 135 112,636 33(b)(ii) (22,204) (22,204) (7) (22,211) 33(b)(i) (83,832) (83,832) (83,832) 33(d)(ii) 21,958 (21,808) 150 150 2017 12 31 402,130 (266,351) 72 (126) 327,163 522,748 985,636 3,245 988,881 78 133
76 2017 12 31 2017 2016 148,137 144,462 149,780 138,090 6 515 499 15 446 443 / 6 8 (180) 6 12,593 7,216 6 3,392 3,734 6 297 282 (15,883) (16,005) 8 210 235 (9,949) (8,636) / (27) 115 289,519 270,255 / (1,690) 886 (8,367) (4,930) / 648 (4,668) (6,330) (5,071) 26 21 (3,047) / (1,246) 11,931 1,695 227 1,811 7,231 9,956 17,545 24 10 282,973 293,442 (135) (236) (37,324) (39,505) 245,514 253,701
77 2017 12 31 2017 2016 (193,015) (188,209) (590) (1,157) (638) (1,399) 287 564 / 53,889 (11,967) / 21 578 (135) 15,204 13,862 (168) (2,451) 18 847 1,944 (106,296) (77,320) 75,550 65,881 (14,417) (1,650) 4,650 2,500 25 57,585 5,000 1 14 (106,533) (194,523) (247) (232) 33(b) (106,036) (46,991) (7) (13) 35(a) 8,611 5,552 35(a) (5,552) (7,274) 29 (5,000) (108,231) (48,958) 30,750 10,220 90,413 79,842 (527) 351 28 120,636 90,413 2017 12 31 100,584,000,000 2016 103,940,000,000 26 29 78 133
78 1 1997 9 3 (BVI) 99 60 1997 10 231997 10 22 2 (a) 622 (b) 2017 12 31 39
79 2 (c) (i) (ii) 2(i)
80 2 (c) (iii) (iv) 5 (d) / 11/ 11
81 2 (d) 2(i) (e) (i) (ii) (ii)(i) 2(i)
82 2 (f) 2(i) (g) 2(i) 8 30 5 10 3 10 (h)
83 2 (h) (i) (ii) 2(g) 2(i) (iii) (i) (i)
84 2 (i) (i) 2(d) 2(i) (ii) 2(i)(ii)
85 2 (i) (ii)
86 2 (j) (k) 2(i) (l) 2(i) (m) 12
87 2 (n) 2(r)(iv) (o) (p) (q) (r) (i) (ii) (iii) (iv) (s)
88 2 (t)
89 2 (t) (u) (v) (i) 5% 30,000
90 2 (v) (i) (ii) / (iii)
91 2 (w) (x)
92 2 (y) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) 2(y)(a) (vii) 2(y)(a)(i) (z) 5% (aa)
93 3 2017 1 1 / / 40 4 2017 2016 156,918 209,949 493,350 394,937 18,083 18,536 668,351 623,422 72,163 84,999 740,514 708,421 5 2017 2016 74,427 69,546 11,086 9,917 85,513 79,463
94 6 2017 2016 55,737 53,852 3,392 3,734 297 282 515 499 11,453 11,628 (i) 3,698 4,248 / 8 (180) 13 12,593 7,216 30,518 29,461 (ii) 38,016 32,296 (iii) 107 103 3 1 12 9 (iv) 25,894 23,924 182,243 167,073 (i) (ii) (iii) Sarbanes-Oxley Act 40422,000,000 2016 22,000,000 (iv) 7 2017 2016 1,118 764 1,271 1,204 2,389 1,968
95 8 2017 2016 187 228 35(a) 21 7 2 9 210 235 2017 2017 781 123 904 781 151 932 * 592 110 702 702 148 850 ** 695 145 840 3,551 677 4,228 470 470 460 460 455 455 *** 255 255 1,640 1,640
96 9 2016 2016 # 498 122 620 717 147 864 662 141 803 ## 646 143 789 662 141 803 3,185 694 3,879 ### 130 130 470 470 452 452 405 405 1,457 1,457 * 2017 9 29 ** 2017 3 23 *** 2017 3 23 # 201620152015 9 ## 2017 3 23 ### 2016 5 26 2017 2016 2017 2018
97 10 2017 2016 2017 2016 5,259 5,602 4,014 2,029 158 157 9,431 7,788 2017 2016 1,500,001 2,000,000 3 5 2,000,001 2,500,000 2 11 (a) 2017 2016 (i) 260 193 (ii) 36,945 39,709 37,205 39,902 19 (iii) (3,482) (4,279) 33,723 35,623 (i) (ii) (iii) (iv) 2017 12 31 16.5% 201616.5% 2017 12 3125% 2016 25% 15% 201615% 2009 4 22 200920092009
98 11 (b) 2017 2016 148,137 144,462 25% 37,034 36,116 (2,487) (2,159) (41) (22) 772 798 70 76 11(a)(ii) (2,317) (1,580) 11(a)(i) (182) (133) 154 1,562 818 1,349 (98) (384) 33,723 35,623 (c) / 2017 2016 (7) 2 (5) 32 (8) 24 (735) (735) 774 774 (1,038) (1,038) (1,059) (1,059) (1,780) 2 (1,778) (253) (8) (261) 2 (8) 2 (8) 12 114,279,000,000 2016 108,741,000,00020,475,482,897 201620,475,482,897 20172016
99 13 2016 1 1 129,460 1,174,803 22,784 1,327,047 8,476 172,502 2,267 183,245 214 2,367 287 2,868 (1,048) (5,017) (138) (6,203) (308) (58,650) (2,210) (61,168) 129 262 1 392 2016 12 31 136,923 1,286,267 22,991 1,446,181 2017 1 1 136,923 1,286,267 22,991 1,446,181 10,577 174,250 833 185,660 820 962 1,193 2,975 (72) (181) (109) (362) (331) (38,971) (1,117) (40,419) (141) (359) (4) (504) 2017 12 31 147,776 1,421,968 23,787 1,593,531 2016 1 1 36,825 689,564 15,027 741,416 5,310 129,915 2,945 138,170 (446) (2,336) (68) (2,850) (203) (51,108) (1,805) (53,116) 16 186 3 205 2016 12 31 41,502 766,221 16,102 823,825 2017 1 1 41,502 766,221 16,102 823,825 5,695 143,026 1,227 149,948 (58) (45) (105) (208) (299) (26,465) (1,068) (27,832) (20) (208) (3) (231) 2017 12 31 46,820 882,529 16,153 945,502 2017 12 31 100,956 539,439 7,634 648,029 2016 12 31 95,421 520,046 6,889 622,356
100 13 4G Voice over LTE VoLTE 2G 2G 2G2017 12 31 2G 2G 2(i)(ii) 2G 2G 2G 11%2017 12 31 2G10,450,000,000 2016 14 2017 2016 1 1 89,853 88,012 173,919 185,086 (185,660) (183,245) 12 31 78,112 89,853 2017 12 31 15 2017 12 31446,000,000 2016 443,000,000 16 2017 2016 1 112 31 35,343 35,343 /36
101 16 2017 12 3135,300,000,000 2022 12 31 2022 12 31 1.5% 2022 12 311% 11% 17 * (BVI) BVI 1 100% ** 1,641,848,326 100% 5,594,840,700 100% 2,117,790,000 100% 2,800,000,000 100% 5,247,480,000 100% 4,367,733,641 100% 643,000,000 100% 6,124,696,053 100% 6,038,667,706 100%
102 17 * 2,151,035,483 4,314,668,600 100% 100% 5,140,126,680 100% 6,341,851,146 100% 2,340,750,100 100% 4,099,495,494 100% 2,932,824,234 100% 3,029,645,401 100% 7,483,625,572 100% 3,961,279,556 100% 4,015,668,593 100% 3,171,267,431 100% 2,773,448,313 100% 2,862,621,870 100% 3,277,579,314 100% 4,500,508,035 100%
103 17 * 2,541,981,749 100% 4,137,130,733 100% 848,643,686 100% 1,702,599,589 100% 902,564,911 100% 740,447,232 100% 2,581,599,600 100% 160,232,500 100% ** 30,000,000 100% ** 7,633,000 100% Aspire Holdings Limited 93,964,583 66.41% Aspire (BVI) Limited # BVI 1,000 100% ** # 10,000,000 100% ** # 5,000,000 100%
104 17 * ** # 5,000,000 100% *** 3,800,000 51% Advanced Roaming & Clearing House Limited BVI 2 100% Fit Best Limited BVI 1 100% 951,046,930 100% 16,495,670,000 100% 6,400,000,000 100% 6,200,000,000 99.97% 92% 11,627,783,669 1,000,000,000 100% 980,000,000 100%
105 17 * 1,150,000,000 100% 50,000,000 100% 7,000,000,000 100% 31,880,000,000 100% 2,000,000,000 100% 330,000,000 100% 550,000,000 100% * ** *** # 66.41%
106 18 2017 12 31 2016 12 31 131,636 123,255 863 784 132,499 124,039 38% 18% 13% True Corporation Public Company Limited True Corporation 18% 201718.98% 18.18%
107 18 (i) 2017 12 31 2016 12 31 6,135,061 5,857,263 5,484,329 372,934 395,466 338,027 18% 19% 71,896 64,158 6,663 7,780 78,559 71,938 True Corporation 2017 12 31 2016 12 31 2017 12 31 2016 12 31 2017 12 31 2016 12 31 7,329 5,533 23,566 23,135 30,517 39,565 6,151 4,881 69,511 61,532 292,125 272,103 4,428 2,521 39,589 30,333 150,438 171,568 1,042 674 26,643 29,492 44,710 14,548 8,010 7,219 26,845 24,842 127,494 125,552 7,759 7,061 26,711 24,714 127,494 125,552 13% 14% 18% 18% 38% 38% 1,047 962 4,808 4,449 48,448 47,710 805 814 2,664 2,847 (4,856) (5,474) 1,852 1,776 7,472 7,296 43,592 42,236
108 18 (i) 2017 2016 2017 2016 168,619 160,792 5,458 3,320 69,785 69,975 584 561 52,515 51,374 428 484 (5,568) (5,480) 46,947 45,894 428 484 821 1,921 18 18 True Corporation 2017 2016 2017 2016 28,262 23,520 68,665 54,474 / 726 (437) 2,685 (776) / 465 (531) 1,943 (575) / 32 (87) / 497 (618) 1,943 (575) 5 (ii) True Corporation 2017 12 31 2016 12 31 78,559 67,166 71,938 66,522 1,852 10,598 1,776 4,854 True Corporation 7,472 7,450 7,296 8,297 87,883 85,214 81,010 79,673
109 18 (iii) 2017 12 31 67,166,000,000 2016 66,522,000,000 14.5% 2016 7.5% 2022 12 31 2017 12 31 2017 12 31 True Corporation 7,450,000,000 2016 8,297,000,0000.3% 2016 13.7% True Corporation 2017 12 31 20172016 12 31 2015 45% 1,500,000,00050%2017 12 31 759,000,000 2016 721,000,000 741,000,000 2016 779,000,000
110 19 2017 12 31 2016 12 31 12 8,236 6,607 12 25,107 23,160 33,343 29,767 12 (258) (248) 12 (104) (44) (362) (292) 2017 2017 1 1 / 2017 12 31 175 (55) 120 4,538 2,544 7,082 17,969 965 18,934 5,796 147 5,943 1,297 (27) 1,270 (8) 2 (6) 29,767 3,574 2 33,343 (292) (92) 22 (362) 29,475 3,482 2 22 32,981
111 19 2016 2016 1 1 / 2016 12 31 217 (42) 175 4,152 386 4,538 14,125 3,844 17,969 5,350 446 5,796 1,579 (282) 1,297 (8) (8) 25,423 4,352 (8) 29,767 (203) (73) (16) (292) 25,220 4,279 (8) (16) 29,475 6,885,000,000 2016 6,249,000,000 8,713,000,000 2016 5,504,000,000 1,716,000,000 2016 1,562,000,0002,079,000,000 2016 1,349,000,000 5
112 20 2017 12 31 2016 12 31 (i) 44 35 (ii) 65,630 31,897 65,674 31,932 (65,630) (31,897) 44 35 (i) 2017 12 31 (ii) 2017 12 31 21 2017 12 31 2016 12 31 3,453 3,453 4,527 4,527 3,047 3,047 4 691 695 1 197 198 6,504 691 7,195 4,528 197 4,725
113 22 2017 12 31 2016 12 31 SIM 8,357 7,696 1,865 1,136 10,222 8,832 23 (a) 2017 12 31 2016 12 31 30 13,711 10,974 3160 3,002 2,726 6190 1,798 1,540 90 5,642 3,805 24,153 19,045 90
114 23 (b) 2017 2016 1 1 5,762 6,549 3,415 3,797 (3,509) (4,584) 12 31 5,668 5,762 (c) 2017 12 31 2016 12 31 1 848 577 2017 12 31 848,000,000 2016 577,000,000 24 13,650,000,000 2016 4,650,000,000 20172016 12 31
115 25 2015 10 31 2016 2 5,000,000,000 2017 12 26 / 2017 12 31 8,611,000,000 2016 5,552,000,000 27 28 2017 12 31 2016 12 31 5,907 15,115 114,729 75,298 120,636 90,413 29 2017 2016 12 31 12 31 4,998 2016 12 315,000,000,000 4.5% 2017 10 28
116 30 2017 12 31 2016 12 31 1 201,429 215,775 13 13,086 14,677 36 7,660 8,231 69 2,761 4,342 912 8,233 7,813 233,169 250,838 31 2017 2016 1 1 84,289 78,100 2,175 1,291 352,011 359,626 (350,305) (352,553) 12 31 88,170 86,464 (85,282) (84,289) 2,888 2,175 32 2017 12 31 2016 12 31 73,583 75,819 26,643 24,523 6,535 6,241 84,105 74,367 190,866 180,950
117 33 (a) 20172016 1 112 31 20,475,482,897 382,263 402,130 (b) (i) 2017 2016 1.6231.409 20161.4891.273 28,211 26,227 3.2002.777 55,621 1.582 1.322 20161.243 1.112 27,077 22,766 110,909 48,993 1 = 0.83591 2017 12 29 2017 12 31 2009 10% (ii) 2017 2016 1.2431.112 20161.1961.002 22,204 20,764
118 33 (c) 2016 1 1 402,130 72 79,734 481,936 2016 49,074 49,074 49,074 49,074 33(b)(ii) (20,764) (20,764) 33(b)(i) (26,227) (26,227) 2016 12 31 402,130 72 81,817 484,019 2017 1 1 402,130 72 81,817 484,019 2017 111,333 111,333 111,333 111,333 33(b)(ii) (22,204) (22,204) 33(b)(i) (83,832) (83,832) 2017 12 31 402,130 72 87,114 489,316 (d) (i) 2001 1 1 295,665,000,000 /
119 33 (d) (i) (ii) 10% 50% 25% (iii) 2(x) (e) 2017 12 3120160.5%
120 34 2017 12 31 2016 12 31 490,256 487,290 490,256 487,290 1,346 1,346 7 2 811 554 796 2,718 2,144 492,974 489,434 3,628 5,404 16 10 14 1 3,658 5,415 3,658 5,415 33(a) 402,130 402,130 33(c) 87,186 81,889 489,316 484,019 492,974 489,434 2018 3 22
121 35 (a) 20172016 12 31 14A 2017 2016 (i) 47 159 (ii) 188 197 (ii) 999 976 (iii) 2,494 2,738 (iii) 1,047 2,696 (iv) 8,611 5,552 (iv) 5,552 7,274 (iv) 21 7 (i) / (ii) / / (iii) /TD-SCDMA / 2008 12 29 TD-SCDMA (iv) /
122 35 (b) / // 2017 12 31 2016 12 31 301 354 116 105 4,580 4,251 131 88 (c) / 2017 12 31 2016 12 31 (i) 313 29 (ii) 997 2,134 (iii) 12,565 9,862 25 57,152 51 17 (iii) 31,778 17,222 (iii) 62,969 37,631 (iv) 4,479 4,076 (iv) 5,429 4,185 2017 2016 (i) 828 637 (v) 422 (vi) 99 1 (iv) 36,335 28,144 (ii) 4,807 4,140 847 1,944
123 35 (c) (i) / (ii) / (iii) 2018 12 (iv) / 2016 7 8 2018 1 31 5 2018 1 1 2022 12 31 (v) /2016 7 (vi) / (d) 26 35(a)35(c) 18 / (e) 9
124 36 (a) 23(c)
125 36 (b) 2017 12 31 233,169 233,169 233,169 3,303 3,303 3,303 190,866 190,866 190,866 8,646 8,646 8,646 435,984 435,984 435,984 2016 12 31 250,838 250,838 250,838 1,206 1,206 1,206 180,950 180,950 180,950 5,563 5,563 5,563 4,998 5,185 5,185 443,555 443,742 443,742
126 36 (c) 2017 12 31 8,611,000,000 2016 5,552,000,000 5,000,000,00029 2017 12 31 407,202,000,000 2016 430,435,000,00013,650,000,000 2016 62,235,000,000 2017 15,883,000,000 2016 16,005,000,000 3.13% 20163.44% /100 / 3,182,000,000 2016 3,695,000,000 (d) 2.5% 20161.2% (e)
127 37 (a) 12 31 2017 2016 10,950 8,788 32,112 26,147 43,062 34,935 (b) 12 31 2017 12 31 1 10,344 46,730 1,023 58,097 1 5 20,372 112,465 961 133,798 5 4,831 1,183 58 6,072 35,547 160,378 2,042 197,967 2016 12 31 1 9,222 40,078 1,184 50,484 1 5 18,182 119,628 812 138,622 5 4,810 860 45 5,715 32,214 160,566 2,041 194,821 (c) 18
128 38 2017 12 31 33(b)(i) 39 1635 TD-SCDMA
129 39 13 16 18 /17 (i)(ii) (iii)
130 40 2017 12 31 /2017 12 31 /9 2018 1 1 /15 2018 1 1 /2014 2016 * 2018 1 1 /22 2018 1 1 /16 2019 1 1 /23 2019 1 1 /2015 2017 2019 1 1 /10 /28 * 2017 1 1/ 12
131 40 2017 12 31 /9 2018 1 1 / 9 2018 1 12018 1 1 / 39 (ECL) / 39 / 15 / 92018 1 12018 1 1 2017
132 40 2017 12 31 /15 / 15/ 18 / 11 / 15 / 15 2(r) / 15 20172017 2.2%3.2% / 15 2018 1 1 2018 1 1
133 40 2017 12 31 /16 / 16 / 17 2019 / 16 / 162019 1 1
134 2017 2016 2015 2014 2013 668,351 623,422 584,089 591,602 600,424 72,163 84,999 84,246 59,907 39,624 740,514 708,421 668,335 651,509 640,048 46,336 39,083 20,668 15,843 14,816 21,762 21,779 21,668 23,502 25,983 149,780 138,090 136,832 122,805 111,493 85,513 79,463 74,805 70,385 66,681 61,086 57,493 59,850 75,655 91,719 73,668 87,352 89,297 74,495 61,409 182,243 167,073 162,293 151,504 136,523 620,388 590,333 565,413 534,189 508,624 120,126 118,088 102,922 117,320 131,424 15,525 2,389 1,968 1,800 1,171 989 15,883 16,005 15,852 16,270 15,368 (210) (235) (455) (487) (1,195) 9,949 8,636 8,090 8,248 7,063 148,137 144,462 143,734 142,522 153,649 (33,723) (35,623) (35,079) (33,179) (36,746) 114,414 108,839 108,655 109,343 116,903
135 2017 2016 2015 2014 2013 / (16) (5) 24 (735) 774 603 (169) (176) / (1,038) (1,043) 901 1,224 (767) 112,636 108,578 110,159 110,398 115,960 114,279 108,741 108,539 109,218 116,791 135 98 116 125 112 114,414 108,839 108,655 109,343 116,903 112,501 108,480 110,043 110,273 115,849 135 98 116 125 111 112,636 108,578 110,159 110,398 115,960
136 2017 12 31 2016 12 31 2015 12 31 2014 12 31 2013 12 31 648,029 622,356 585,631 605,023 520,571 78,112 89,853 88,012 95,110 91,600 28,322 26,720 26,773 24,883 19,784 35,343 35,343 35,343 35,343 36,937 1,721 1,708 768 787 1,090 132,499 124,039 115,933 70,451 53,946 33,343 29,767 25,423 20,654 17,522 44 35 3 128 128 56,737 6,504 4,528 4,575 8,731 6,816 558,196 586,645 488,697 486,925 474,290 1,522,113 1,520,994 1,427,895 1,348,035 1,222,684 529,982 536,389 501,038 452,492 394,281 4,995 4,992 5,989 2,888 2,175 1,291 1,470 1,187 362 292 203 98 104 533,232 538,856 507,527 459,052 401,561 988,881 982,138 920,368 888,983 821,123