MOBI Development Co., Ltd. reported a 1H 2026 net loss of RMB 30.44 million, an improvement of 7.3% from the RMB 32.82 million loss a year earlier. The narrower deficit came despite persistent industry headwinds and a RMB 5.55 million foreign-exchange loss that reversed a small gain in the prior-year period.

Revenue edged up 1.6% year-on-year to RMB 218.33 million. The antenna maker’s gross profit rose 13.1% to RMB 33.62 million as the gross margin improved to 15.4% from 13.8%, helped by tighter cost control and a more profitable product mix.

Segment performance was mixed: • Base-station RF subsystem sales increased 11.1% to RMB 137.09 million, buoyed by stronger demand from major equipment vendors. • Antenna system revenue fell 7.1% to RMB 52.78 million amid softer domestic operator spending. • Coverage-extension and other products declined 17.9% to RMB 28.46 million, though aesthetic-antenna sales grew 12.4% to RMB 12.79 million.

Operating expenses trended lower: R&D outlays slipped 7.4% to RMB 27.03 million, distribution and selling costs fell 22.2% to RMB 11.41 million, and administrative expenses were cut 8.6% to RMB 29.08 million. Finance costs climbed 42.2% to RMB 2.09 million on higher interest expense.

Balance-sheet metrics weakened. The company moved to net current liabilities of RMB 3.72 million from net current assets of RMB 27.78 million at end-2025, and the current ratio fell to 0.99x. Cash and bank balances stood at RMB 81.81 million, while bank and other borrowings rose to RMB 164.70 million, lifting the gearing ratio to 19.7% from 16.4%.

Capital commitments for plant and equipment totaled RMB 12.88 million, and no interim dividend was declared. The company repurchased and cancelled 38,000 shares in January 2026 for approximately RMB 0.01 million.

Management cited continued soft domestic operator capex, geopolitical disruptions overseas, and currency movements as key challenges. Strategic priorities include deepening relationships with major equipment vendors, expanding into satellite communications and new-material products, and pursuing global 5G-A/6G opportunities to support a return to profitability.