Hong Kong – MOBI Development Co., Ltd. (“MOBI DEV”) reported interim results for the six months ended 30 June 2026, showing modest top-line growth and a reduced net loss, supported by tighter cost control and a better sales mix.

Revenue edged up 1.6% year on year to RMB 218.33 million, driven by an 11.1% rise in base-station RF subsystem sales to RMB 137.09 million. Antenna system revenue fell 7.1% to RMB 52.78 million, while coverage-extension and other products declined 17.9% to RMB 28.46 million. Mainland China contributed 51.4% of sales (RMB 112.15 million), up 14.4%, offsetting a 9.1% contraction in overseas turnover to RMB 106.17 million.

Gross profit expanded 13.1% to RMB 33.62 million, lifting the gross margin to 15.4% from 13.8% a year earlier. Operating efficiency gains and product-mix optimisation countered higher raw-material and labour costs.

Operating expenses fell across major categories: R&D spending declined 7.4% to RMB 27.03 million (after RMB 4.20 million capitalised), distribution and selling costs dropped 22.2% to RMB 11.41 million, and administrative expenses contracted 8.6% to RMB 29.08 million. Finance costs rose 42.6% to RMB 2.09 million on higher bank borrowings. Other income and expenses fell 64.3% to RMB 5.09 million, mainly due to a swing to a RMB 5.55 million foreign-exchange loss from a small gain a year earlier.

The company recorded a pre-tax loss of RMB 30.43 million, a 7.3% improvement from the prior-year period. Net loss and total comprehensive expense narrowed to RMB 30.44 million, translating to a basic loss per share of RMB 3.82 cents versus RMB 4.10 cents in H1 2025.

Cash and bank balances declined to RMB 81.81 million (31 December 2025: RMB 148.77 million), while bank and other borrowings increased to RMB 164.72 million (31 December 2025: RMB 140.44 million), lifting the gearing ratio to 19.7%. Net current liabilities stood at RMB 3.72 million, compared with net current assets of RMB 27.78 million at year-end 2025. Inventory, receivables and payables turnover days all improved to 77, 195 and 343 days respectively.

No interim dividend was declared.

Management highlighted progress in winning new RF subsystem and smart-antenna projects, advances in dielectric material and satellite-communication products, and ongoing efforts to diversify the customer base beyond traditional telecom operators to mitigate industry cyclicality.