摩比发展2023中期报告

2023INTERIM REPORT中 期 報 告 CONTENTS| 2CORPORATE PROFILE3FINANCIAL HIGHLIGHTS4MANAGEMENT DISCUSSION AND ANALYSIS23OTHER INFORMATION34CONDENSED CONSOLIDATEDSTATEMENT OF PROFIT OR LOSSAND OTHER COMPREHENSIVE INCOME35CONDENSED CONSOLIDATEDSTATEMENT OF FINANCIAL POSITION37CONDENSED CONSOLIDATEDSTATEMENT OF CHANGES IN EQUITY39CONDENSED CONSOLIDATEDSTATEMENT OF CASH FLOWS40NOTES TO THE CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS Corporate Profile 20021216200912 17947 MOBI Development Co., Ltd. (the “Company”) was incorporated in the CaymanIslands as an exempted company with limited liability on 16 December 2002. Theshares of the Company were listed on The Stock Exchange of Hong Kong Limited(the “Stock Exchange”) on 17 December 2009 (Stock Code: 947). We operate through our subsidiaries MOBI Antenna Technologies (Shenzhen) Co.,Ltd. (“MOBI Shenzhen”), MOBI Telecommunications Technologies (Ji’an) Co., Ltd.(“MOBI Jian”), MOBI Technologies (Xi’an) Co., Ltd. (“MOBI Xian”), MOBI Technology(Hong Kong) Limited (“MOBI HK”), MOBI Technology (Shenzhen) Co., Ltd. (“MOBITechnology”), Shenzhen MOBI Shiye Development Co., Ltd., Xi’an ShengrongCommunication Technologies Co., Ltd., Shenzhen Shengyuzhihui Network TechnologyCo., Ltd., Ji’an Jinshengjing Technology Co., Ltd., Shenzhen MOBI Network CommunicationCo., Ltd. and Xi’an MOBI Antenna Technologies Engineering Co., Ltd.. WiFiPHS2GGSMCDMA3GTD-SCDMA CDMA 2000W-CDMAWiMax4G(TD-LTEFDD-LTE)5G MIMO We are one of the few one-stop providers of wireless communication antennas andbase station Radio Frequency (“RF”) subsystems in China. Our business consists ofthe design, manufacture, marketing and sale of antennas, base station RF subsystemand solutions that are the required components of mobile communication coveragesystems, including, wireless access systems (WiFi and PHS), 2G (GSM and CDMA),3G (TD-SCDMA, CDMA 2000, W-CDMA and WiMax), 4G (TD-LTE and FDD-LTE),5G, MIMO antennas, satellite communication and microwave transmission networks.We sell our products to network operators in China and overseas directly fordeployment into the networks they are constructing and operating. We also sellour products to some of the world’s leading wireless network solution providerswho incorporate our products into their wireless coverage solutions, such as theirproprietary base stations, which they then sell to network operators worldwide. We are committed to providing quality and sophisticated products and buildinglong term relationships with our customers. Financial Highlights Management Discussion and Analysis BUSINESS AND FINANCIAL REVIEW Revenue 2 0 2 363 03 . 4 5 72 0 2 23 . 2 3 36.9%1.8%1.06928.3%2.17953.0%2,096 The Group’s unaudited consolidated revenue for the six months ended 30 June2023amounted to approximately RMB345.7 million,representing an increaseofapproximately 6.9%as compared with approximately RMB323.3 million inthe corresponding period of 2022. Of which, sales of antenna system productsdecreased by approximately 1.8% to approximately RMB106.9 million, sales of basestation RF subsystem products increased significantly by approximately 28.3% toapproximately RMB217.9 million, and sales of coverage extension solution productsand other products decreased significantly by approximately 53.0% to approximatelyRMB20.96 million. 2023202320232023 In the first half of 2023, the Group achieved further breakthroughs in both thedomesticand overseas markets.In particular,the Group won the centralizedprocurementbidding of major domestic operators and maintained closecooperation with international equipment manufacturer customers, so that ordersand shipments continued to rise. With the continuous deepening and strengtheningof cooperation with domestic and foreign operators and equipment manufacturercustomers,our product quality and delivery capability obtained the unanimousrecognition of customers. In addition, the Group has stepped up its efforts in thedevelopment of business areas such as energy saving/new energy in recent years,and relevant projects have been gradually implemented. The Group has continuedto implement effective cost management in internal operations, with gross profitmargin increasing significantly year-on-year and profitability continuing to improve.The expense structure has also been continuously optimized, with expense controlmeasures continuing to be put in place, the overall expense scale declining andoperational efficiency being enhanced. All of the above factors have resulted in asignificant improvement in the Group’s revenue and profit margin for the first half of2023 as compared to the corresponding period of the previous year. In addition, asrevenue from some of the projects is expected to be recognized in the second halfof 2023 and after, this will have a positive impact on the Group’s full-year revenuefor 2023. In the future, the Group will focus on the global market simultaneouslyand further deepen its participation in the construction of global communica