Mobi Development Co., Ltd. (0947) AI Stock Analysis

• Market Cap: HK$92.07M
• Dividend Yield: N/A
• Average Volume (3M): 201.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: -21.31%
• EPS Growth: -105.30%
• Country: HK
• Employees: 1,333
• Sector: Technology
• Sector Strength: 78
• Industry: Communication Equipment
• EPS (TTM): -0.16
• Shares Outstanding: 800,620,100
• 10 Day Avg. Volume: 260,040
• 30 Day Avg. Volume: 201,576
• PEG Ratio: 0.87
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.81
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: ―

Mobi Development Co., Ltd. faces significant financial instability, characterized by declining revenues and persistent losses. The technical analysis indicates weak market sentiment, and the valuation metrics are unattractive due to a negative P/E ratio. These factors underscore the need for strategic changes to improve financial health and market performance.

Mobi Development Co., Ltd. Business Overview & Revenue Model

Company Description

MOBI Development Co., Ltd., an investment holding company, researches, designs, develops, manufactures, markets, and sells wireless communication antennas, base station radio frequency subsystems and solutions, and products of coverage extension solutions. Its solutions are used in the components of mobile communication coverage systems, including wireless access systems, as well as antenna, satellite communication, and microwave transmission networks. The company serves network and telecommunication operators, telecommunication equipment manufacturers, wireless network solution providers, and system equipment manufacturers. It has operations in the People's Republic of China, other countries in Asia, Europe, the Americas, and internationally. The company was founded in 1999 and is headquartered in Shenzhen, the People's Republic of China.

How the Company Makes Money

Mobi Development Co., Ltd. generates revenue through the sale of its mobile communication devices and accessories. The company's primary revenue stream comes from its core business of designing and manufacturing smartphones, which are sold through various channels, including direct sales, retail partnerships, and online platforms. Additionally, the company may engage in strategic partnerships with telecommunications providers and other technology firms to expand its market reach and enhance its product offerings. These partnerships can contribute to revenue through co-branded products or technology licensing agreements. The company's ability to innovate and adapt to changing consumer preferences and technological advancements is a significant factor in its earnings.

Mobi Development Co., Ltd. Financial Statement Overview

Summary

Mobi Development Co., Ltd. is facing significant financial challenges across all major financial statements. The income statement reveals declining revenues and persistent losses, the balance sheet shows increased leverage and reduced equity, and the cash flow statement highlights inconsistent cash generation. These factors collectively suggest financial instability and a need for strategic changes to improve financial health.

Income Statement

The company has experienced a significant decline in revenue and profitability over recent years. The gross profit margin and net profit margin have deteriorated, with continuous negative EBIT and net income figures indicating persistent operational challenges. Revenue growth is negative, reflecting declining sales. Overall, the income statement suggests weak performance and financial instability.

Balance Sheet

The balance sheet shows a decreasing equity base and consistent liabilities, indicating rising leverage. The debt-to-equity ratio has increased, and stockholders' equity has significantly declined over the years, affecting the company's financial stability. The equity ratio has also decreased, reflecting reduced asset backing for liabilities. Overall, the balance sheet portrays a weakening financial position.

Cash Flow

Cash flow from operations has been inconsistent, with operating cash flow turning negative in some years. Free cash flow has fluctuated, showing negative values in recent periods. The lack of consistent positive cash flow generation highlights cash management issues. Overall, the cash flow statement indicates challenges in maintaining liquidity and funding operations internally.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
515.15M	640.85M	687.00M	661.39M	884.54M
	Gross Profit
66.93M	96.31M	106.84M	16.81M	199.95M
	EBIT
-102.08M	-99.45M	-67.37M	-233.81M	-34.56M
	EBITDA
-90.59M	-20.98M	-11.03M	-230.51M	21.45M
	Net Income Common Stockholders
-120.53M	-59.20M	-229.76M	-329.70M	-29.81M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
192.66M	198.67M	174.28M	250.55M	371.93M
	Total Assets
1.05B	1.25B	1.31B	1.56B	1.95B
	Total Debt
113.20M	99.76M	44.41M	144.34M	173.35M
	Net Debt
-79.46M	-98.92M	-129.87M	-106.21M	-198.58M
	Total Liabilities
663.51M	743.18M	745.24M	763.25M	822.33M
	Stockholders Equity
383.37M	504.55M	564.99M	795.64M	1.13B
Cash Flow		Free Cash Flow
0.00	-10.56M	27.63M	-130.60M	-8.31M
	Operating Cash Flow
0.00	17.05M	60.96M	-70.50M	84.51M
	Investing Cash Flow
0.00	-45.49M	-34.50M	-4.89M	-31.28M
	Financing Cash Flow
0.00	47.91M	-110.17M	-41.68M	35.52M

Mobi Development Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0947, the sentiment is Neutral. The current price of 0.12 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.34 is Neutral, neither overbought nor oversold. The STOCH value of 93.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0947.

Mobi Development Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1085	64 Neutral	HK$591.31M	11.33	2.42%	―	9.68%	-47.81%
Sector *	62 Neutral	$11.80B	10.08	-7.46%	2.99%	7.37%	-8.21%
1720	60 Neutral	HK$105.60M	5.71	3.16%	―	6.07%	136.36%
1617	59 Neutral	HK$161.00M	4.51	5.02%	―	1.01%	660.00%
0947	40 Underperform	HK$92.07M	―	-27.13%	―	-21.31%	-105.30%
CUEH		€33.96M	180.00	0.15%	―	―	―
9963	38 Underperform	HK$74.10M	―	-23.56%	―	-15.03%	-47.69%

Mobi Development Co., Ltd. Corporate Events

Mobi Development Co., Ltd. Announces 2025 AGM with Key Resolutions

Mobi Development Co., Ltd. has announced its upcoming annual general meeting scheduled for May 29, 2025, in Shenzhen, China. The meeting will address several key agenda items, including the consideration of audited financial statements, re-election of directors, re-appointment of auditors, and resolutions to authorize the board to allot and repurchase shares. These actions are aimed at strengthening the company’s governance and operational flexibility, potentially impacting its market positioning and shareholder value.

MOBI Development Announces Leadership Restructuring

MOBI Development Co., Ltd. announced the resignation of Mr. Hu Xiang as Chief Executive Officer, who will continue to serve as Executive Director and Chairman. The company has created new management roles, appointing Ms. Zhou Lingbo as Chief Operating Officer and Mr. Ye Rong and Mr. Hou Xiaoqiang as Deputy Chief Operating Officers, to enhance operational efficiency and drive sustained development.

MOBI Development Announces Board and Committee Roles

MOBI Development Co., Ltd. has announced the composition of its board of directors and the roles within its committees. This update provides clarity on the leadership structure, potentially impacting the company’s strategic direction and governance, which is crucial for stakeholders and investors monitoring the company’s management effectiveness.

MOBI Development Co., Ltd. Reports 2024 Financial Decline

MOBI Development Co., Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue decreased by approximately 19.6% to RMB515.15 million, and its gross profit margin fell to 13.0% from 15.0% in the previous year. The loss attributable to the company’s owners was RMB120.53 million, with a basic loss per share of RMB14.93 cents. The board has decided not to recommend any final dividend payment, reflecting the challenging financial conditions the company is facing.

MOBI Development Co., Ltd. Schedules Board Meeting for Financial Review

MOBI Development Co., Ltd. has announced a board meeting scheduled for March 27, 2025, where the board will approve the audited financial results for the year ending December 31, 2024, and consider the payment of a final dividend. This meeting is significant as it will provide insights into the company’s financial health and potential returns for shareholders, impacting its market positioning and stakeholder interests.

MOBI Development Co., Ltd. Issues Profit Warning Amid Operational Challenges

MOBI Development Co., Ltd. has issued a profit warning, expecting a significant increase in net loss for the year ended December 31, 2024, compared to the previous year. The company’s financial setback is attributed to reduced capital project construction by global telecommunication operators, delays in project implementations, disruptions from major international customers adjusting production layouts, and increased R&D expenses. Despite these challenges, the management remains optimistic about future growth, supported by restructuring efforts, market and R&D initiatives, and a focus on new opportunities in the telecommunications and energy sectors.