On August 16, 2024, Mobi Development Co., Ltd. held the 2024 semi-annual board of directors in Shenzhen in the form of online and in-person combination. executive directors Mr. Hu Xiang, Ms. Zhou Lingbo and Mr. Ye Rong, non-executive director Mr. Qu Degan, independent non-executive director Zhang Han, Mr. Li Tianshu, Ms. Ge Xiaojing, Chief Financial Officer Ms. Wu Qian, Secretary of the Board of Directors Mr. Liu Rong were attended the corresponding meetings. Each directors were made suggestions on the strategic directions and business prospects of Mobi in 2024 and expressed their confidence in the future development of Mobi.
In the first half of 2024, market competition intensified, and technological change has accelerated as well. With the impact of the periodic deployment of mobile communication networks in both domestic and overseas, antenna and RF manufacturers are facing many challenges. The Group always adheres to the manage concept of "market is the leader, research and development is the core, quality is the lifeline, talent is the first resource, and compliance and internal control is the cornerstone", and constantly strengthen the source management. Moreover, the same frequency resonance with customer needs should be achieved in the field of technology.
In 2024, the first commercial year of 5G-A will be launched, and global operators will promote the construction of 5G-A pilot network. According to the planning of international organizations ITU and 3GPP, the standard formulation of 6G will be launched in 2025, and it is expected to achieve global commercial use in 2030.With the popularization of 5G technology and the breakthrough of 6G technology, the communication industry will usher in new development opportunities.
Looking forward to the future, the Group will persist in expanding diversified markets and customer groups, actively explore the global market, strengthen brand building and enhance customer stickiness. The Group will also continue to pay attention to the changes in the policy environment and the international trade situation, adjusting the business strategies in a timely manner to cope with market changes and risk challenges. Opening up the second growth curve of "communication + energy saving/new energy" while focusing on the antenna system business and the base station radio frequency subsystem business, and actively explore business opportunities in the application field of "5G +" vertical industry. In addition, the Group will further implement cost and expense control strategies in the future to achieve both revenue and profit growth.