香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 MOBI Development Co., Ltd. 摩比發展有限公司 （於開曼群島註冊成立的有限公司） （股份代號：947） 截 至2023年6月30日 止 六 個 月 中 期 業 績 公 佈 ‧ 收入增加約6.9%至約人民幣3.457億元。 ‧ 毛利率由2022年上半年約14.0%上升至2023年上半年約20.1%。 ‧ 本公司擁有人應佔虧損約為人民幣347萬元。 ‧ 截至2023年6月30日止六個月的每股基本虧損約人民幣0.43分。 由摩比發展有限公司（「本公司」）董事（「董事」）組成的董事會（「董事會」）欣然公 佈本公司及其附屬公司（合稱「本集團」）截至2023年6月30日止六個月的未經審核 簡明綜合中期業績及2022年同期比較數字。簡明綜合中期財務報表未經審核，惟 已經本公司審核委員會審閱。 ...

Financial Performance - Revenue for 2022 increased to RMB 687.0 million, up from RMB 661.4 million in 2021, representing a growth of 3.4%[22] - Gross profit for 2022 was RMB 106.8 million, significantly improved from RMB 16.8 million in 2021[22] - Net loss attributable to shareholders decreased to RMB 229.8 million in 2022 from RMB 329.7 million in 2021, showing a reduction of 30.2%[22] - The basic loss per share for 2022 was approximately RMB 0.28[30] - The group's loss for the year was approximately RMB 229.76 million, compared to a loss of approximately RMB 329.70 million in 2021, resulting in a net profit margin of approximately -33.4%[128] - Loss before taxation decreased to approximately RMB 222.08 million in 2022 from approximately RMB 308.04 million in 2021, improving the net profit margin before taxation from approximately -46.6% to -32.3%[125] Asset and Financial Ratios - Total assets decreased to RMB 1,310.2 million in 2022 from RMB 1,558.9 million in 2021[22] - Current ratio declined to 1.25 in 2022 from 1.44 in 2021, indicating a decrease in short-term financial health[22] - Gearing ratio decreased to 2.9% in 2022 from 8.8% in 2021, indicating a reduction in financial leverage[22] - Average equity return was -33.77% in 2022, a slight improvement from -34.31% in 2021[22] Operational Efficiency - Inventory turnover days improved to 124 days in 2022 from 137 days in 2021, indicating better inventory management[22] - Accounts receivable turnover days improved to 222 days in 2022 from 263 days in 2021, reflecting enhanced collection efficiency[22] - The Group's focus on optimizing product structure and business model has driven significant improvements in operational efficiency and profit margins[63] Revenue Growth and Market Expansion - The Group won bids for centralized procurement projects from major domestic operators such as China Mobile and China Unicom, expected to drive revenue growth in 2023 and beyond[31] - The overseas direct sales business grew significantly, with new project wins from overseas customers expected to contribute to revenue growth[29] - The Group is expanding into new communication scenarios, including "communications + energy conservation/new energy," to create a diversified business structure[29] - The Group aims to enhance its market share through in-depth cooperation with traditional customers and new drivers from emerging business areas[52] - The Group plans to expand its presence in overseas operator markets and deepen strategic cooperation with international equipment manufacturers[48] Product and Technology Development - The Group's commitment to research and development has led to the introduction of various new 5G antenna system products, enhancing its competitive position in the market[75] - The Group is actively exploring new opportunities in energy conservation and new energy sectors, creating various telecommunication scenarios[52] - The Group aims to enhance overall gross profit margin by optimizing product sales portfolio and increasing high-tech product sales[106] - The Group's strategic partnerships with domestic equipment manufacturers are expected to enhance its market advantages in the future[172] Market Trends and Future Outlook - By 2030, 5G adoption rates are expected to exceed 85% in major markets, with global economic benefits projected to surpass US$950 billion, accounting for over 15% of the mobile economy's overall impact[48] - The Group believes that the telecommunication industry will see new development opportunities with the effective control of the pandemic and the promotion of the "new infrastructure" policy[38] - The ongoing construction of 5G networks in China is expected to provide continuous growth opportunities for the Group in the future[172] - The Group anticipates explosive growth in 5G applications and vertical applications as digital transformation accelerates across various fields[182] Environmental and Regulatory Compliance - The Group's production process is characterized by low emissions and low energy consumption, ensuring compliance with relevant environmental regulations[150] - The Group has not breached any environmental regulations in the past and does not expect future operations to be affected by environmental policies[151] - The Group's operations are compliant with all relevant laws and regulations in mainland China and Hong Kong as of December 31, 2022[152] Strategic Initiatives - The Group aims to diversify its customer structure by exploring new business sectors such as energy conservation and new energy[86] - The Group is committed to improving its management level through refined, information-based, and automated management practices[52] - The Group plans to optimize its customer base and adopt differentiated competition strategies to maximize market opportunities in LTE, 5G, and next-generation wireless technologies[199]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 MOBI Development Co., Ltd. 摩 比 發 展 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：947） 截至2022年12月31日止年度末期業績公佈 ‧ 收入增加至約人民幣6.8700億元，增幅約3.9% ‧ 毛利率由2021年約2.5%上升至2022年約15.6% ‧ 本公司擁有人應佔虧損為約人民幣2.2976億元 ‧ 本年度每股基本虧損為約人民幣28.08分 ‧ 不建議派付任何末期股息 摩比發展有限公司（「本公司」）董事（「董事」）組成的董事會（「董事會」）欣然公佈 本公司及其子公司（統稱「本集團」）截至2022年12月31日止年度之經審核綜合財 務業績。 ...

Financial Performance - The Group's unaudited consolidated revenue for the six months ended June 30, 2022, amounted to approximately RMB 323.3 million, representing an increase of approximately 22.8% compared to RMB 263.2 million in the same period of 2021[16]. - The gross profit margin for the six months ended June 30, 2022, was reported at 24.4%[12]. - The net profit margin for the same period was reported at 14.9%[12]. - The Group's profit attributable to shareholders for the six months ended June 30, 2022, was RMB 19 million[9]. - The Group's gross profit decreased by approximately RMB 1.55 million or 3.3% from approximately RMB 46.90 million in the first half of 2021 to approximately RMB 45.35 million in the first half of 2022[44]. - The overall gross profit margin decreased to approximately 14.0%, compared to approximately 17.8% in the corresponding period last year, mainly due to rising prices of bulk commodities and raw materials[44]. - The total comprehensive loss attributable to owners of the Company for the period was RMB 53,044,000, a slight improvement from RMB 57,576,000 in 2021[141]. - The Group's loss before taxation for the first half of 2022 was RMB 52,939,000, an improvement from a loss of RMB 76,309,000 in the same period of 2021[167]. Revenue Breakdown - Sales of antenna system products increased by approximately 15.1% to approximately RMB 108.9 million, while sales of base station RF subsystem products increased by approximately 13.8% to approximately RMB 169.9 million[16]. - Revenue from antenna system products increased by approximately 15.1% to approximately RMB 108.9 million in the first half of 2022 compared to RMB 94.60 million in the corresponding period of 2021[21]. - Revenue from base station RF subsystem products increased by approximately 13.8% to approximately RMB 169.9 million in the first half of 2022 compared to RMB 149.2 million in the corresponding period of 2021[24]. - Revenue from the Antenna System segment was RMB 108,853,000, up 15.1% from RMB 94,595,000 in the previous year[167]. - The Base Station RF Subsystem segment generated revenue of RMB 169,862,000, representing a 13.9% increase from RMB 149,246,000 in 2021[167]. - The Coverage Extension Solution and Others segment reported revenue of RMB 44,606,000, a significant increase from RMB 19,386,000, marking a growth of 130.1%[167]. Cost Management - The operating expense ratio of the Group decreased due to the implementation of cost control measures, leading to improved overall efficiency[17]. - Distribution and selling expenses decreased by approximately 4.6% from approximately RMB 25.55 million in the first half of 2021 to approximately RMB 24.37 million in the first half of 2022[44]. - Administrative expenses decreased by approximately 13.5% from approximately RMB 51.28 million in the first half of 2021 to approximately RMB 44.38 million in the same period of 2022[48]. - Research and development expenses decreased by approximately 24.1% from approximately RMB 62.48 million in the first half of 2021 to approximately RMB 47.40 million in the first half of 2022[48]. - Finance costs decreased significantly by approximately 48.2% from approximately RMB 3.05 million in the first half of 2021 to approximately RMB 1.58 million in the first half of 2022[48]. Market Opportunities - The telecommunications industry is expected to have growth opportunities due to effective pandemic control, stabilization of commodity prices, and the promotion of the "new infrastructure" policy[17]. - The Group is deepening cooperation with operator customers and equipment manufacturers, resulting in continuous order increases[17]. - The Group is actively participating in vertical industry applications and developing new businesses, which are anticipated to be new sources of performance growth[17]. - The Group believes that large-scale 5G network construction and overseas growth will significantly boost the antenna business in the coming years[25]. - The Group believes that the continuous construction of domestic 5G networks will provide opportunities for ongoing business growth[34]. International Expansion - The Group is expanding its presence in overseas markets, with positive feedback from key customers and a steady increase in order cooperation[23]. - The Group's sales in overseas operator markets surged by approximately 193.2% to approximately RMB 49.86 million, increasing its proportion in total revenue to approximately 15.4%[40]. - The Group's overseas direct selling business has shown continuous growth, with cooperation areas covering Asia, Europe, and the Americas[64]. - The Group aims to expand its presence in overseas operator markets and strengthen strategic partnerships with international equipment manufacturers to increase market share and delivery percentage[57]. Research and Development - The Group has undertaken multiple R&D projects from overseas customers and has passed corresponding tests, enhancing its competitiveness in the global market[71]. - The Group's technological advantages in 5G deployment are expected to drive further upgrades in multi-frequency and multi-system antenna technologies, enhancing design capabilities[72]. - The Group's commitment to scientific and technological innovation is seen as a core driving force for enterprise development, focusing on potential new projects to adapt to evolving technical solutions[71]. Financial Position - As of June 30, 2022, the Group's net current assets were approximately RMB 281.1 million, down from RMB 330.1 million on December 31, 2021[80]. - The Group's cash and cash equivalents at June 30, 2022, amounted to RMB 235,759,000, down from RMB 343,423,000 at the beginning of the year[157]. - The company's net assets as of June 30, 2022, were RMB 742,222,000, down from RMB 795,645,000 at the end of 2021, a decrease of about 6.7%[146]. - The current ratio decreased to approximately 1.37 times as at June 30, 2022 from approximately 1.44 times as at December 31, 2021[85]. Shareholder Information - Fangyi Collaboration Holdings Limited holds 230,607,300 shares, accounting for 28.24% of the company's issued capital[99]. - Li Xiaoyong has a beneficial ownership of 52,679,000 shares, which is 6.45% of the company's issued capital[99]. - The total number of ordinary shares issued and to be issued upon the exercise of options granted shall not exceed 1% of the ordinary shares in issue as at the date of grant[105]. - The total outstanding options as of the end of the period amount to 38,431,000 shares[111].

Company Overview - MOBI Development Co., Ltd. was incorporated in the Cayman Islands on December 16, 2002, and listed on the Hong Kong Stock Exchange on December 17, 2009, under stock code 947[2]. - The company operates through multiple subsidiaries, including MOBI Antenna Technologies (Shenzhen) Co., Ltd. and MOBI Telecommunications Technologies (Ji'an) Co., Ltd.[2]. - MOBI is one of the few one-stop providers of wireless communication antennas and base station RF subsystems in China, focusing on the design, manufacture, marketing, and sale of essential components for mobile communication coverage systems[2]. - The company offers a range of products for various communication technologies, including 2G, 3G, 4G, and 5G, as well as satellite communication and microwave transmission networks[2]. - MOBI sells its products directly to network operators in China and overseas, as well as to leading wireless network solution providers[2]. - The registered office is located in Grand Cayman, while the principal place of business in the PRC is in Shenzhen, Guangdong Province[5]. Financial Performance - Revenue for 2021 was RMB 661.4 million, a decrease of 25.2% from RMB 884.5 million in 2020[15]. - Gross profit for 2021 was RMB 16.8 million, down from RMB 200.0 million in 2020, indicating a significant decline in profitability[15]. - Net loss attributable to shareholders was RMB 329.7 million in 2021, compared to a loss of RMB 29.8 million in 2020, reflecting a worsening financial position[15]. - Total assets decreased to RMB 1,558.9 million in 2021 from RMB 1,948.4 million in 2020[15]. - The current ratio fell to 1.44 in 2021 from 1.85 in 2020, indicating a decline in short-term financial health[15]. - The average return on equity was -34.31% in 2021, significantly lower than -2.60% in 2020, highlighting increased financial strain[15]. Operational Insights - The company aims to enhance operational efficiency and R&D project conversion rates as part of its strategic directions[17]. - The communications industry in China faced challenges in 2021 due to delays in 5G network projects and the impact of COVID-19[17]. - The company anticipates new development opportunities in the communications industry under the "14th Five-Year" Plan for 5G[17]. - The Group increased its research and development investment significantly in 2021, leading to a notable rise in R&D expenditures[21]. - The overall gross profit margin declined due to rising commodity and raw material prices, impacting profitability[21]. Market Position and Strategy - The Group is positioned as one of the few one-stop solution providers of RF technology for global network operators and system equipment manufacturers in China[21]. - The telecommunication equipment industry is expected to enter a new growth period with the ongoing large-scale construction of 5G in China and the deepening development of overseas 4G construction[21]. - The Group's competitive advantages in customer relationships, technology, and cost are expected to facilitate healthy and stable growth in the future[21]. - The company is actively promoting new business areas, including vertical industry applications, engineering services, and energy conservation, to expand growth momentum[25]. - The continuous expansion in overseas markets is a key strategy, with a focus on increasing market share among multinational and regional operators[26]. Research and Development - The Group's investment in research and development for antenna systems and base station RF subsystems is expected to create new business opportunities in the future[36]. - The Group maintains a leading position in the domestic antenna market, with continuous improvements in product technology and quality recognized by international clients[41]. - The Group's comprehensive capabilities in product research, development, and mass production are expected to support its competitive position in the evolving 5G landscape[103]. Corporate Governance - The board of directors has a balanced composition, providing effective leadership and expertise in the wireless communication antenna and base station RF subsystem industry[139]. - The company emphasizes the importance of corporate governance and has established a framework for effective leadership and control[142]. - The Audit Committee is chaired by Zhang Han and serves as a communication focal point between Directors, external auditors, and the chief financial officer[151]. - The Company aims to attract and retain high-caliber Directors and senior management to successfully develop its business[149]. - The Company has adopted a stringent system to avoid potential conflicts of interest regarding transactions involving directors and connected persons since December 17, 2009[163]. Environmental and Social Responsibility - The company emphasizes sustainable development and environmental protection throughout its product life cycle[188]. - The company has achieved ISO9001, TL9000, ISO14001, ISO45001, and ESDS20.20 certifications, demonstrating its commitment to quality and safety management[188]. - The Group's production process is characterized by low emissions and low energy consumption, ensuring compliance with environmental regulations[86]. - The Group is committed to responsible business activities that create value for employees, customers, and shareholders while fulfilling environmental and social commitments[200]. - The company recognizes the importance of addressing greenhouse gas emissions and resource scarcity in its operations[198].

Financial Performance - For the six months ended June 30, the revenue from antennas was RMB 341 million, while base station RF subsystems generated RMB 206 million[8]. - The profit attributable to shareholders for the same period was RMB 14.9 million, reflecting a significant increase compared to previous periods[10]. - The profit margin for the six months ended June 30 was 22.1%, indicating a stable performance in profitability[14]. - The overall revenue for the six months showed a positive trend, with a focus on expanding market presence and enhancing product offerings[4]. - The Group's unaudited consolidated revenue for the six months ended 30 June 2021 was approximately RMB263.2 million, a decrease of approximately 42.4% compared to RMB456.9 million in the same period of 2020[17]. - The Group's gross profit decreased by approximately RMB 63.19 million or 57.4% to approximately RMB 46.90 million in the first half of 2021[37]. - The overall gross profit margin decreased to approximately 17.8%, down from approximately 24.1% in the same period last year[37]. - Loss before taxation for the first half of 2021 was approximately RMB76.31 million, a decrease of approximately RMB89.18 million, or approximately 692.9%, from the profit before taxation of approximately RMB12.87 million for the corresponding period in 2020[44]. - Loss for the first half of 2021 was approximately RMB57.58 million, a decrease of approximately RMB72.49 million, or approximately 486.2%, from the profit of approximately RMB14.91 million for the corresponding period in 2020[44]. - The Group's net profit margin was approximately -21.9% for the first half of 2021, compared to 3.3% for the first half of 2020[44]. - The total comprehensive loss attributable to owners of the Company was RMB 57,576,000, compared to a profit of RMB 14,906,000 in 2020[137]. Revenue Breakdown - Revenue from network operators in China accounted for RMB 191 million, while network solution providers contributed RMB 197 million[12]. - Revenue from antenna system products decreased by approximately 65.9% to approximately RMB94.60 million, with 5G antenna product sales down approximately 67.9% to approximately RMB33.47 million[22]. - Revenue from base station RF subsystem products increased by approximately 30.9% to approximately RMB149.2 million in the first half of 2021 compared to RMB114.0 million in the same period of 2020[25]. - Revenue from WCDMA/FDD-LTE RF subsystem products increased by approximately 41.8% to approximately RMB130.8 million in the first half of 2021 compared to RMB114.0 million in the same period of 2020[25]. - Revenue from coverage extension solutions and other products decreased by approximately 70.4% to approximately RMB19.39 million in the first half of 2021 compared to RMB65.47 million in the same period of 2020[29]. - Revenue from major customers included Customer A1 contributing RMB 73,238,000 (down 63.2% from RMB 199,051,000) and Customer B1 contributing RMB 122,236,000 (up 80.5% from RMB 67,751,000)[176]. - Revenue from the PRC was RMB 132,242,000, down 52.7% from RMB 279,998,000, while overseas revenue totaled RMB 130,985,000, down 26.0% from RMB 176,852,000[181]. Market and Strategic Focus - The company operates as a one-stop provider of wireless communication antennas and RF subsystems, focusing on both domestic and international markets[4]. - The Group is committed to developing advanced products and maintaining long-term relationships with customers[5]. - The Group anticipates that with effective pandemic control and the promotion of the "new infrastructure" policy, the communications industry will present growth opportunities[17]. - The Group expects that the large-scale construction of 5G networks will gradually release related demands in the second half of 2021[22]. - The Group believes that future domestic 5G network construction will bring continuous growth opportunities[32]. - The Group is committed to creating a diversified product portfolio and participating in the construction of a new ecology in the 5G era[29]. - The Group aims to expand its overseas operator market and increase its market share in the global market in the long term[51]. - The Group's technology and customer accumulation in 5G antennas and RF subsystems are expected to provide a competitive edge in network construction[60]. Research and Development - The company is committed to creating a diversified product portfolio and participating in the construction of a new ecology in the 5G era[29]. - Research and development expenses increased by approximately 25.8% to approximately RMB 62.48 million in the first half of 2021[41]. - Research and development expenses for the Group totaled RMB 62,477 for the six months ended June 30, 2021, compared to RMB 49,668 for the same period in 2020, indicating a year-on-year increase of approximately 25.7%[166]. Operational Efficiency and Costs - The interim report indicates a robust financial position, with ongoing efforts to optimize operational efficiency and product innovation[6]. - Distribution and selling expenses decreased by approximately 7.1% to approximately RMB 25.55 million in the first half of 2021[41]. - Administrative expenses increased by approximately 15.0% to approximately RMB 51.28 million in the same period[41]. - The Group's unallocated corporate expenses were RMB (76,826) for the six months ended June 30, 2021, compared to RMB (72,104) in 2020, indicating an increase in unallocated expenses[163]. Shareholder Information - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2021[82]. - As of June 30, 2021, Hu Xiang holds 26,102,500 shares and 1,500,000 underlying shares, representing approximately 3.37% of the company's issued capital[91]. - Fangyi Collaboration Beneficial Owner Holdings Limited is the largest shareholder with 230,607,300 shares, representing 28.18% of the company's issued capital[99]. - The total number of shares and underlying shares held by substantial shareholders amounts to 282,176,300[99]. Legal and Compliance - The audit committee has reviewed the financial statements and confirmed compliance with applicable accounting standards and legal requirements[132]. - The Company continues to enhance its internal control systems and risk management practices[126]. - The Company has established a stringent system to avoid potential conflicts of interest in Relevant Transactions since its listing on December 17, 2009[119].

Company Overview - MOBI Development Co., Ltd. was incorporated in the Cayman Islands on December 16, 2002, and listed on the Hong Kong Stock Exchange on December 17, 2009, under stock code 947[2]. - The company operates through multiple subsidiaries, including MOBI Antenna Technologies (Shenzhen) Co., Ltd. and MOBI Telecommunications Technologies (Ji'an) Co., Ltd.[2]. - MOBI is one of the few one-stop providers of wireless communication antennas and base station RF subsystems in China, focusing on the design, manufacture, and sale of these products[2]. - The company offers a range of products for various mobile communication technologies, including 2G, 3G, 4G, and 5G systems[2]. - MOBI sells its products directly to network operators in China and overseas, as well as to leading wireless network solution providers[2]. - The principal place of business in the PRC is located in Shenzhen, Guangdong Province[5]. - The company’s registered office is in the Cayman Islands, with a principal place of business in Hong Kong[5]. Financial Performance - In 2020, the company achieved operating revenue of approximately RMB 884.54 million, representing a year-on-year decrease of approximately 27.2%[21]. - The net loss attributable to shareholders was approximately RMB 29.81 million, reflecting a year-on-year increase of 226.3%[21]. - Basic loss per share was approximately RMB 0.04[21]. - Total assets amounted to RMB 1,948.4 million, slightly down from RMB 1,969.8 million in 2019[15]. - The current ratio improved to 1.85 from 1.82 in the previous year[15]. - The gearing ratio increased to 8.4%, up from 5.0% in 2019[15]. - The Group recorded a loss of approximately RMB 29.81 million for the year 2020, compared to a profit of approximately RMB 23.61 million in 2019, resulting in a net profit margin of approximately -3.4% in 2020, down from 1.9% in 2019[80]. - The decrease in net profit margin was primarily due to a reduction in sales revenue, an increase in net exchange loss, and higher research and development expenses[80]. Market Conditions and Challenges - The company noted a significant slowdown in mobile network construction demand due to the COVID-19 pandemic and international political factors[22]. - The construction of 5G networks in China faced delays, with major operators suspending base station network construction in the second half of 2020[22]. - The exchange rate fluctuations between the US dollar and RMB resulted in substantial exchange losses, contributing to a decline in profit in 2020[27]. - The Group anticipates significant opportunities for domestic 5G construction, which will benefit sales and profit growth in 2021 and beyond[62]. Research and Development - The Group increased R&D investment significantly to prepare for 5G network construction and vertical application projects[27]. - The Group undertook many R&D projects and won bids for RF device projects of major domestic and overseas operators, achieving large-scale delivery in 2020[49]. - The Group has undertaken several R&D projects for overseas customers, enhancing its technological capabilities in multi-frequency and multi-system integrated antenna technology[114]. Product Performance - Sales of antenna systems decreased by approximately 38.5% to approximately RMB453.73 million, while sales of base station RF subsystems decreased by approximately 20.4% to approximately RMB254.90 million[36]. - The company achieved a significant increase in sales revenue from 5G antenna system products by 494.5% compared to the previous year[42]. - Revenue from multi-beam antennas increased by approximately 311.0% to approximately RMB5.88 million compared to last year[48]. - The Group's gross profit margin for base station RF subsystems improved year by year through product structure optimization and cost reduction[49]. Strategic Goals and Future Outlook - The company aims to maintain its leading market share through product technology innovation and continuous market expansion[20]. - The Group aims to expand its market share in the global market, which is currently very small, through continuous overseas market development[29]. - The Group believes that the ongoing 5G network construction will bring sustained business growth opportunities in 2021 and beyond[105]. - The Group is committed to becoming a global leading provider of RF technology for mobile communications, serving leading system equipment manufacturers and telecommunication operators[105]. Corporate Governance - The Board comprises six Directors, including two executive Directors, one non-executive Director, and three independent non-executive Directors[138]. - The Company has adopted sound governance and disclosure practices to maximize operational efficiency and shareholder returns[135]. - The Board is responsible for overseeing the Group's strategic development, business plans, and financial objectives, ensuring effective corporate governance[142]. - The Company emphasizes the importance of corporate governance and the responsibilities of the Board in managing daily operations and strategic direction[142]. Environmental, Social, and Governance (ESG) Practices - The company emphasizes sustainable development and environmental protection throughout its entire product life cycle[188]. - The company is committed to sustainable development, recognizing the adverse effects of emissions and waste on the environment[195]. - The company has established internal guidelines for collecting environmental performance data, ensuring consistency with previous years' reporting[195]. - The company focuses on social responsibility and community development through practical actions[195]. Stakeholder Engagement - The company maintains regular communication with shareholders through annual and interim reports, and general and investor meetings[185]. - Key stakeholders include investors, employees, customers, suppliers, government authorities, and media, with various communication methods such as websites, meetings, and surveys[200].

Financial Performance - For the six months ended June 30, the revenue from antennas was RMB 341 million, while base station RF subsystems generated RMB 206 million[15]. - The profit attributable to shareholders for the same period was RMB 17 million, reflecting a profit margin of 22.5%[17][19]. - The gross profit margin for the six months ended June 30 was reported at 24.4%[19]. - The Group's unaudited consolidated revenue for the six months ended 30 June 2020 amounted to approximately RMB456.9 million, representing a decrease of approximately 21.7% compared to RMB583.6 million in the corresponding period of 2019[22]. - The Group's gross profit decreased by approximately RMB32.10 million or 22.6% to approximately RMB110.1 million compared to RMB142.2 million in the first half of 2019[46]. - The overall gross profit margin slightly decreased to approximately 24.1% from approximately 24.4% in the corresponding period last year[46]. - Profit before taxation increased by approximately RMB0.53 million or 4.3% from approximately RMB12.34 million in the first half of 2019 to approximately RMB12.87 million in the first half of 2020[50]. - Profit for the first half of 2020 increased by approximately 7.1% from approximately RMB13.92 million in the corresponding period in 2019 to approximately RMB14.91 million[50]. - The net profit margin for the first half of 2020 was approximately 3.3%, compared to approximately 2.4% in the first half of 2019[50]. - The Group's profit before taxation for the six months was RMB 12.87 million, slightly up from RMB 12.34 million in the same period last year[152]. - Profit attributable to owners of the company for the six months ended 30 June 2020 was RMB 14,906,000, an increase of 7.1% compared to RMB 13,916,000 for the same period in 2019[194]. Revenue Breakdown - Revenue from antenna system products decreased by approximately 18.7% to approximately RMB277.4 million, while revenue from 5G antenna products increased substantially by approximately 9,355.2% to approximately RMB104.3 million[25]. - Revenue from multi-beam antennas increased by 100% to approximately RMB5.44 million, driven by demand for overseas network construction[25]. - Revenues from WCDMA/FDD-LTE antennas and low-band refarming/IoT antennas decreased by approximately 38.9% and approximately 83.0% to approximately RMB35.66 million and approximately RMB19.75 million respectively[25]. - Revenue from multi-frequency and multi-system antennas decreased by approximately 20.1% to RMB87.98 million due to delays in certain awarded projects caused by the overseas outbreak of COVID-19[25]. - Revenue from base station RF subsystem products decreased by approximately 44.5% to approximately RMB114.0 million compared to RMB205.4 million in 1H 2019, mainly due to changes in investment hotspots and project delays caused by COVID-19[31]. - Revenue from coverage extension solution products increased significantly by approximately 75.6% to approximately RMB65.47 million compared to RMB37.29 million in 1H 2019, driven by breakthroughs in new business development[35]. - The PRC market generated RMB 279,998,000 in revenue, down 30% from RMB 399,823,000 in the previous year, while overseas revenue totaled RMB 176,852,000, a slight decrease from RMB 183,809,000[171]. Market and Product Development - Future outlook includes continued focus on expanding product offerings in 5G and satellite communication technologies[11]. - The company aims to strengthen long-term relationships with customers through quality and sophisticated products[12]. - The company is exploring market expansion opportunities in overseas markets to enhance growth potential[11]. - New product development initiatives are underway to enhance the company's competitive edge in the wireless communication sector[11]. - The Group believes that the large-scale construction of 5G networks and the continuous expansion of overseas markets will provide significant growth opportunities for the antenna system business in the future[26]. - The Group actively expands its offerings of antenna system products and has acquired new customers and product orders in multiple countries and regions in the first half of 2020[26]. - The Group's new business development in vertical industries is expected to become a new source of growth[22]. - The Group expects to further develop both domestic and international markets, focusing on RF technology for wireless communication, particularly base station RF technology[53]. - The Group believes that the ongoing construction of domestic 5G networks will create sustained growth opportunities in the second half of 2020 and beyond[56]. - The Group's technological advancements in 5G antennas and RF subsystems position it favorably for competition in the evolving telecommunications landscape[62]. Cost Management and Expenses - Distribution and selling expenses decreased by approximately 38.8% from approximately RMB44.93 million in the first half of 2019 to approximately RMB27.51 million in the first half of 2020[46]. - Research and development costs increased by approximately 9.0% from approximately RMB45.57 million in the first half of 2019 to approximately RMB49.67 million in the first half of 2020[50]. - The company reported government grants of RMB 18,010,000, an increase from RMB 10,838,000 in the prior period[175]. - The company’s interest expenses decreased to RMB 2,065,000 from RMB 6,079,000, reflecting improved financial management[176]. Assets and Liabilities - The Group has net current assets of approximately RMB628.1 million as of June 30, 2020, a decrease from RMB641.6 million as of December 31, 2019[68]. - Inventories amounted to approximately RMB287.0 million as of June 30, 2020, compared to RMB281.7 million as of December 31, 2019[68]. - Trade and notes receivables were approximately RMB669.4 million as of June 30, 2020, up from RMB614.1 million as of December 31, 2019[68]. - Trade and notes payables decreased to approximately RMB565.3 million as of June 30, 2020, from RMB592.2 million as of December 31, 2019[68]. - The total equity attributable to owners of the company was RMB 1,171,256,000 as of June 30, 2020, slightly down from RMB 1,171,428,000[133]. - Current liabilities increased to RMB 791,836,000 from RMB 780,636,000, with trade payables rising to RMB 440,339,000, up from RMB 377,759,000[131]. Corporate Governance and Compliance - The company has maintained compliance with the minimum public float requirements as per Rule 8.08 of the Listing Rules[117]. - The audit committee reviewed the financial statements and confirmed compliance with applicable accounting standards and legal requirements[124]. - The company continues to uphold high standards of corporate governance to maximize operational efficiency and shareholder returns[117]. - The Group has adopted a stringent system to avoid potential conflicts of interest in transactions involving Directors and connected persons since its listing on December 17, 2009[106]. Shareholder Information - As of June 30, 2020, Fangyi Collaboration Holdings Limited holds 230,607,300 shares, representing 28.14% of the company's issued capital[83]. - Li Xiaoyong owns 49,308,000 shares, accounting for 6.02% of the company's issued capital[83]. - The total number of shares and underlying shares held by substantial shareholders is disclosed under the provisions of the SFO[82]. - The company did not recommend any payment of interim dividend for the six months ended 30 June 2020, compared to RMB 15,078,000 in dividends recognized during the same period in 2019[188][189].

Company Overview - MOBI Development Co., Ltd. operates as a one-stop provider of wireless communication antennas and base station RF subsystems in China[4]. Financial Performance - The company reported a significant increase in revenue, with a year-over-year growth of 15% in 2019[6]. - In 2019, the company achieved operating revenue of approximately RMB 1,214.93 million, representing a year-on-year decrease of about 3.4%[26]. - The net profit attributable to shareholders was approximately RMB 23.61 million, reflecting a year-on-year increase of 41.5%[26]. - Basic earnings per share were approximately RMB 0.03[26]. - The company's gross profit for 2019 was RMB 279.8 million, compared to RMB 258.0 million in 2018[19]. - The company has set a revenue guidance of 150 million USD for the upcoming fiscal year, representing a 10% increase[6]. - The company's profit for the year increased by approximately 41.5% to approximately RMB 23.61 million in 2019, with a net profit margin of approximately 1.9% compared to 1.3% in 2018[100]. Market Expansion and Strategy - MOBI aims to expand its market presence in Southeast Asia, targeting a 25% increase in sales in that region over the next two years[6]. - The company is focusing on the development of 5G technology, with plans to invest 10 million USD in R&D for new products[6]. - The company aims to further develop markets for overseas network operators and increase its global market share, which is currently very small[38]. - The company is positioned to capture early opportunities in the 5G development wave due to its leading position in customer channels and technology[34]. - The company expects that the large-scale construction of the 5G network in 2020 will promote further development of the communications industry and bring more business opportunities[48]. Product Performance - Sales of antenna systems increased by approximately 3.6% to approximately RMB737.80 million, while sales of base station RF subsystems decreased by approximately 30.5% to approximately RMB320.22 million[46]. - In 2019, sales revenue from 5G products increased significantly by 517.8% compared to the previous year, maintaining a sustained and rapid growth trend[49]. - Revenue from low-band refarming/IoT antennas increased by approximately 2.9% to approximately RMB 153.40 million in 2019[56]. - The revenue from the Company's base station RF subsystem decreased by approximately 30.5% to approximately RMB 320.22 million, primarily due to delays in network construction by major domestic telecom operators[60]. Research and Development - The company is committed to building long-term relationships with customers, which is expected to drive repeat business and customer loyalty[4]. - The Company undertook various R&D projects for major system equipment manufacturers, including 5G RF subsystems, which are expected to contribute to future growth[61]. - Research and development expenses increased by approximately 9.2% from approximately RMB 89.07 million in 2018 to approximately RMB 97.24 million in 2019, driven by increased salaries and costs related to 5G technology development[90]. Corporate Governance - The Company has complied with the Corporate Governance Code provisions as set out in the Listing Rules during the year ended December 31, 2019, with no significant deviations reported[161]. - The Board is responsible for the overall management of the business, including strategic development and financial objectives[169]. - The Company has adopted sound governance and disclosure practices, continuously upgrading its internal control system and risk management[161]. - The Company has adopted a Board Diversity Policy to enhance diversity at the Board level, considering factors such as gender, age, and professional experience[171]. Financial Management - The current ratio improved to 1.82 from 1.57 in the previous year[19]. - The Group's inventories decreased to approximately RMB281.69 million in 2019 from RMB448.69 million in 2018, indicating improved inventory management[141]. - The average receivables turnover was approximately 196 days, improved from 232 days in 2018[143]. - The gearing ratio improved to approximately 5.0% as of December 31, 2019, down from 8.5% in 2018[143]. Challenges and Risks - The COVID-19 outbreak has introduced uncertainties in the operating environment, but the company has implemented contingency measures to mitigate its impact[129]. - The Group faces competition in antenna system products, base station RF subsystem products, and coverage extension solutions, which may force price reductions and increased capital expenditures[112]. Shareholder Returns - A final dividend of HK$0.02 per ordinary share was recommended by the Board of Directors[30]. - The Board recommended a final dividend of HK$0.02 per share for the year ended December 31, 2019[156].

Revenue Performance - Revenue for the six months ended June 30, 2019, reached RMB 387 million, representing a 22.5% increase compared to the same period in 2018[10]. - The Group's unaudited consolidated revenue for the six months ended 30 June 2019 amounted to approximately RMB583.6 million, representing a decrease of approximately 2.0% compared to RMB595.8 million in the corresponding period of 2018[17]. - Revenue from base station RF subsystem products significantly increased by approximately 17.1% to approximately RMB205.4 million[17]. - Revenue from low-band refarming/IoT antennas increased by approximately 50.8% to approximately RMB116.1 million compared to the corresponding period of 2018[20]. - Revenue from PRE5G antennas climbed significantly by approximately 112.7% to approximately RMB1.10 million compared to the corresponding period of last year[20]. - Revenue from WCDMA/FDD-LTE antennas declined by approximately 35.0% to approximately RMB58.39 million, and TD/TD-LTE antennas decreased by approximately 34.1% to approximately RMB18.20 million[17]. - Revenue from multi-frequency and multi-system antennas dropped by approximately 19.0% to approximately RMB110.1 million compared to the corresponding period of 2018[17]. - The Group expects an increase in demand for base station antennas in the second half of 2019 due to significant increases in demands for RF subsystem products[21]. - The Group achieved gradual sales growth in the European market in the first half of 2019, despite delays in network construction in certain emerging markets like India[52]. - The total revenues for the Group decreased to RMB 583,632,000 from RMB 595,766,000, reflecting a decline of about 2%[177]. Profitability - Profit attributable to shareholders for the same period was RMB 58.3 million, with a profit margin of 24.4%[12][14]. - The profit margin for the base station RF subsystem was reported at 23.2% for the first half of 2019[12]. - Gross profit rose by approximately RMB10.30 million or 7.8% to approximately RMB142.2 million, with an overall gross profit margin increasing to approximately 24.4% from 22.1% in the corresponding period last year[36]. - Profit before taxation increased by approximately RMB4.62 million or 60.0% to approximately RMB12.38 million, with the net profit margin before tax rising to approximately 2.1%[42]. - Profit for the first half of 2019 significantly increased by approximately 87.9% from approximately RMB7.41 million in 2018 to approximately RMB13.92 million, with a net profit margin of approximately 2.4% compared to 1.2% in the previous year[49]. - The overall segment results showed a profit before taxation of RMB 12,337,000, up from RMB 7,760,000, indicating a growth of approximately 59%[177]. Expenses and Costs - Distribution and selling expenses increased by approximately 11.7% to approximately RMB44.93 million, primarily due to rising staff salaries and business expenditures[36]. - Administrative expenses rose by approximately 9.3% to approximately RMB50.47 million, driven by increased costs including wages and travel expenses[40]. - Research and development costs increased by approximately 0.4% to approximately RMB45.57 million, mainly due to adjustments in personnel structure and rising costs[41]. - Other income and expenses increased by approximately 10.3% to approximately RMB17.36 million, mainly due to an increase in government subsidies[36]. - The Group's gross profit margin picked up steadily due to product structural optimization and continuous cost reduction[25]. Market Strategy and Development - The company is focused on expanding its market presence in wireless communication solutions, including 5G technology and satellite communication[6]. - Research and development efforts are ongoing to innovate new products in the wireless communication sector[6]. - The Group is exploring potential mergers and acquisitions to strengthen its market position[6]. - Future guidance indicates a continued focus on increasing revenue through enhanced product solutions and market expansion strategies[6]. - The Group aims to maximize market opportunities in LTE, 5G, and next-generation wireless technology to enhance integrated competitiveness[60]. - Continuous investment in research and development is expected to create new business growth opportunities for the Group[58]. - The Group believes that the launch of new products and technologies will strengthen customer trust and satisfaction[58]. - The Group is positioned to capture early opportunities in 5G network construction due to its leading technology in antennas and RF subsystems[55]. Financial Position - As of June 30, 2019, the Group had net current assets of approximately RMB 640.2 million, a slight increase from RMB 637.9 million as of December 31, 2018[62]. - Inventories increased to approximately RMB 503.4 million from RMB 448.7 million as of December 31, 2018, indicating a growth of about 12%[62]. - Trade and notes receivables rose to approximately RMB 706.1 million from RMB 692.8 million, reflecting an increase of around 1.9%[62]. - Trade and notes payables decreased to approximately RMB 784.9 million from RMB 803.6 million, showing a reduction of about 2.3%[62]. - The current ratio increased to approximately 1.59 times as of June 30, 2019, compared to 1.57 times as of December 31, 2018[67]. - The gearing ratio decreased to approximately 8.1% as of June 30, 2019, from approximately 8.5% as of December 31, 2018[67]. - The Group's net assets stood at RMB 1,162,247,000, a minor decrease from RMB 1,162,762,000 at the end of 2018[146]. - Bank balances and cash decreased to RMB 169,842,000 from RMB 296,341,000 at the end of 2018, reflecting a decline of 42.8%[143]. Shareholding and Corporate Governance - As of June 30, 2019, Hu Xiang holds 25,710,500 shares and 1,500,000 underlying shares, totaling 27,210,500 shares, which represents 3.32% of the company's issued capital[74]. - Liao Dong owns 12,000,000 shares and 2,700,000 underlying shares, amounting to 14,700,000 shares, equating to 1.79% of the company's issued capital[74]. - Fangyi Collaboration Holdings Limited is a substantial shareholder with 230,607,300 shares, representing 28.12% of the company's issued capital[80]. - The financial report indicates a stable performance with no significant changes in shareholding structures among directors[89]. - The Company has maintained compliance with the Corporate Governance Code, except for the deviation of code provision A.2.1 regarding the roles of Chairman and CEO[138]. Lease and Accounting Standards - The Group has adopted HKFRS 16 for leasing activities, recognizing leases as a right-of-use asset and corresponding liability from January 1, 2019[162]. - The right-of-use asset is depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis[164]. - The Group's leases primarily consist of rentals for land, factory, and office premises, with typical lease terms of 3 years or less for factory and office premises, and 20 to 30 years for land[164]. - The financial cost of lease payments is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining liability[164]. - The Group anticipates that the impact of adopting HKFRS 16 will be disclosed in future reports[162].