Page 12 - China Mobile Limited - Annual Report 2012

Xi Guohua
Chairman
China Mobile Limited
Annual Report 2012
10
Chairman’s Statement
Dear Shareholders,
The year of 2012 brought positive momentum for the Group’s
development, underpinned by China’s steady economic
growth and the rapid development of the information and
communications technology sector. At the same time, we faced
intense challenges and development pressures, including greater
penetration in mobile communications and a more complex
competitive landscape. The emergence of new technologies
and businesses, particularly in Internet, magnified the impact
and substitution effect on the traditional communications sector.
Against this challenging backdrop, the Group has adhered
to its strategy of speeding up its strategic transformation,
deepening reform and innovation, and enhancing its
management capabilities in pursuing a healthy and sustainable
business growth. As a result, the Group achieved steady
growth in its operating results and was able to maintain its
market leading position and profitability.