Mobi Development Co. Forecasts Increased Net Loss

Mobi Development Co., Ltd. (HK:0947) has released an update.

Mobi Development Co., Ltd. anticipates a significant increase in net loss for the first half of 2024, estimating around RMB30 million compared to RMB3.47 million in the same period of 2023, mainly due to postponed network construction and delayed project execution. Despite these setbacks, the company has made progress in new areas such as ‘telecommunications + new energy/energy saving’ and remains optimistic about its financial health and future market share growth, fueled by continuous investments in R&D and new product breakthroughs.

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