摩比发展2024中期报告

2024INTERIM REPORT中 期 報 告 CONTENTS| 2CORPORATE PROFILE3FINANCIAL HIGHLIGHTS4MANAGEMENT DISCUSSION AND ANALYSIS23OTHER INFORMATION33CONDENSED CONSOLIDATEDSTATEMENT OF PROFIT OR LOSSAND OTHER COMPREHENSIVE INCOME34CONDENSED CONSOLIDATEDSTATEMENT OF FINANCIAL POSITION36CONDENSED CONSOLIDATEDSTATEMENT OF CHANGES IN EQUITY38CONDENSED CONSOLIDATEDSTATEMENT OF CASH FLOWS39NOTES 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-CDMAWiMax4GTD-LTE FDD-LTE5GMIMO 5G-A 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, 5G-A, green antennas, satellite communication and microwavetransmission networks. We sell our products to network operators in China andoverseasdirectly for deployment into the networks they are constructing andoperating.We also sell our products to some of the world’s leading wirelessnetworksolution providers who incorporate our products into their wirelesscoverage solutions, such as their proprietary base stations, which they then sell tonetwork 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 2 463 02 . 4 9 82 0 2 33 . 4 5 727.7%22.7%8,26236.5%1.38337.7%2,886 The Group’s unaudited consolidated revenue for the six months ended 30 June2024amounted to approximately RMB249.8 million,representing a decreaseofapproximately 27.7%as compared with approximately RMB345.7 million inthe corresponding period of 2023. Of which, sales of antenna system productsdecreased by approximately 22.7% to approximately RMB82.62 million, sales of basestation RF subsystem products decreased by approximately 36.5% to approximatelyRMB138.3 million, and sales of coverage extension solution and other productsincreased by approximately 37.7% to approximately RMB28.86 million. 20242024+/30GPS Inthe first half of 2024,market competition intensified,and technologicaltransformation accelerated. Accompanied by the impact of the cyclical deploymentofdomestic and overseas mobile communication networks,antenna and RFmanufacturerswere facing numerous challenges.Upholding the managementphilosophy of “the market as the leader, R&D as the core, quality as the lifeline,talentas the primary resource,and compliance and internal control as thecornerstone” as all times, the Group has continuously strengthened source-levelmanagementand achieve harmonious resonance with customer needs in thetechnology field. In the first half of 2024, the Group has managed to overcomekey technical obstacles, achieving further research and development breakthroughsinareas such as green antennas,multi-frequency and ultra-wideband duplexermodules, multi-mode technologies, and dielectric filters. Meanwhile, the Group hasmaintained its position as the main supplier for its major customers, and has activelyexpanded its business scope, opening up a second growth curve. The Group hasbeen laying strategic groundwork in the “telecommunications + new energy/energysaving” field for years, and is now starting to see tangible outcomes. The Group’scurrent projects include over 30 refurbishment projects for old communities, GPSBeidou Antenna projects, photovoltaic projects and others, with individual projectvalues reaching tens of millions. These efforts will help the Group to firmly establishits foothold in the increasingly volatile and complex market environment of thefuture. Adhering to the principle of matching resource gains with costs, the Grouphas continued to optimize its expense structur