According to the Zhitong Finance App, Mobi Development (00947) announced that the Group expects to record an unaudited consolidated net loss of approximately RMB 30 million to RMB 31 million for the six months ending June 30, 2026, while a net loss of approximately RMB 32.82 million was recorded in the same period in 2025.
Losses are mainly based on the following aspects: In the first half of 2026, the Group continued to deepen cooperative relationships with customers, and overall sales revenue and product shipments increased year-on-year. However, due to external factors such as the shift in investment focus of domestic operators and geopolitics, revenue growth fell short of the expected target; in the first half of 2026, raw material and labor costs continued to rise, putting some pressure on the Group's gross profit side. However, by strengthening product line cost control, focusing on tracking and optimization of key products, and promoting cost reduction and efficiency in multiple dimensions, the gross margin improved compared to the same period last year; and due to the depreciation of the US dollar exchange rate against RMB, the Group generated exchange losses of about RMB 5.55 million in the first half of 2026, while achieving exchange gains of about RMB 450,000 during the same period last year, with a total impact on profit and loss of about RMB 6 million. Excluding the effects of exchange gains and losses mentioned above, the net loss for the first half of the year was about 25% narrower than the same period last year. The narrowing of losses increased markedly, and the loss reduction effect was remarkable.
Management remains confident about the future development of the Group. The Board believes that the Group maintains a sound financial position and sufficient working capital. Currently, the peak period for large-scale construction of 5G macro base stations has passed, and the capital expenditure focus of domestic operators has shifted to sectors such as intelligent energy-saving transformation of base stations and indoor distribution systems. The Group is actively developing products such as green antennas and AI intelligent focusing antennas in line with industry trends, and has achieved batch implementation, laying a solid foundation for the subsequent evolution of 5G-A scale commercialization and 6G technology. In addition, the Group is accelerating strategic transformation, focusing on expanding the application of new media materials and new tracks for satellite communications, and launching new products such as dielectric filters, dielectric antennas, and Beidou terminal modules. In the first half of 2026, these products have completed factory testing and certification for key strategic customers, and have batch supply capabilities. The Group has long been implementing the “innovative research and development+market expansion” strategy, anchoring key core technology research, accelerating the expansion of product segmentation matrices, promoting large-scale market-side implementation, and continuously building comprehensive competitiveness. Looking ahead, market demand is expected to gradually pick up as commercialization of 5G-A technology accelerates, 6G forward-looking layout progresses steadily, and the country continues to support the upgrading of the communications industry. Combined with the Group's steady expansion in new business areas and resource accumulation, it is expected that the future will usher in a wider range of performance growth. The Board of Directors remains optimistic about the telecom industry's growth opportunities in mainland China and the global market, and continues to be optimistic about the development prospects of new business areas, and will continue to review the Group's operations and strategies from time to time to meet challenges.