MOBI Development Co., Ltd. Provides Earnings Guidance for the Year Ended 31 December 2022
February 17, 2023 at 09:26 am
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MOBI Development Co., Ltd. provides earnings guidance for the year ended 31 December 2022. The Board informed the shareholders of the Company and potential investors that the unaudited consolidated net loss of the Group for the year ended 31 December 2022 is expected to exceed RMB 100 million, as compared to the net loss exceeding RMB 300 million in the same period of 2021, the reduction in loss is expected to exceed 50%.
MOBI Development Co., Ltd. is an investment holding company principally engaged in the manufacture and sales of wireless communication antennas and base station radio frequency subsystems. The Company mainly operates through three segments. The Antenna System segment is engaged in the manufacture and sales of antenna systems and related products. Its antenna products include smart antennas, microwave antennas and repeater antennas, among others. The Base Station Radio Frequency Subsystem segment is engaged in the manufacture and sales of base station radio frequency subsystems and related products. Its radio frequency products include duplexers, filters, couplers and drives, among others. The Coverage Extension Solution segment is engaged in the manufacture and sales of coverage products. The Company operates businesses in China, Thailand, Japan, Canada, Mexico and Russia, among others.