摩比发展2025中期报告

2025 INTERIM REPORT中 期 報 告 CONTENTS|目錄 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公司簡介 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., Shenzhen MOBI Network Communication Co., Ltd. and Xi’an MOBI AntennaTechnologies 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財務概要 Management Discussion and Analysis管理層討論及分析 業務及財務回顧 BUSINESS AND FINANCIAL REVIEW 收入 Revenue 2 0 2 563 02 . 1 4 82 0 2 42 . 4 9 814.0%31.3%5,67910.8%1.23420.0%3,464 The Group’s unaudited consolidated revenue for the six months ended 30 June2025amounted to approximately RMB214.8 million,representing a decreaseofapproximately 14.0%as compared with approximately RMB249.8 million inthe corresponding period of 2024. Of which, sales of antenna system productsdecreased by approximately 31.3% to approximately RMB56.79 million, sales of basestation RF subsystem products decreased by approximately 10.8% to approximatelyRMB123.4 million, and sales of coverage extension solution and other productsincreased by approximately 20.0% to approximately RMB34.64 million. 20255G2025AIA+P5G Inthe first half of 2025,the Group was confronted with complex industrychallenges. On the one hand, operators’ capital expenditures experienced structuralcontraction,with 5G construction entering a period of stable development.Traditional mobile base station business was impacted by both a shrinking marketscale and adjustments to construction plans, resulting in a notable slowdown inconstruction progress during the first half of the year. On the other hand, theglobal economy was in a phase of cyclical adjustment, with frequent geopoliticalconflicts causing temporary impacts on order demand in related markets and thedelivery of orders to relevant customers. The above factors collectively resultedin a year-on-year decrease in the Group’s overall sales revenue for the first halfof2025.Currently,the Group is closely following industry trends and activelydeveloping products that align with these trends, including green antennas, AI smarttrackingantennas,A+P integrated antennas,5G small metallic filters,dielectricfilters and smart applications. At present, the Group has a sufficient number of neworders on hand awaiting implementation, which lays a solid technological foundationfor the steady development of the business. At the same time, closely aligningwith customers’ construction needs, the Group has launched in-depth cooperationwith equipment manufacturer customers in a number of new products and newplatforms,which is expected to generate an annual demand of over RMB100million in the next few years. The Group has also strictly adhered to the principleof dynamically matching resources with revenue, focusing on core businesses toreduce non-strategic expenditures. As a