China Mobile has unveiled its 2024 annual report, revealing total capital expenditures of approximately RMB 164 billion for the year. Looking ahead to 2025, the company anticipates a capital expenditure of roughly RMB 151.2 billion, primarily directed towards the enhancement of connectivity and computing power infrastructure, long-term strategic planning, and technological innovation within the CHBN (Consumer, Home, Business, and New Industries) segments. The majority of these funds will be sourced from the company's operating cash flow.