Understanding the Market | MOBVOI surged over 15% in the late trading session, with impressive performance in AI smart hardware business in the first half of the year. The three major telecom operators may restart eSIM
MOBVOI surged over 15% in the late trading session, up 15.79% as of the time of writing, priced at HKD 0.66, with a transaction volume of HKD 14.8115 million. The company's revenue for the first half of the year was RMB 179 million, an increase of 10% year-on-year; the adjusted net loss was RMB 1.408 million, a decrease of 97.5% year-on-year. Revenue from AI smart hardware business was RMB 98.3 million, a year-on-year increase of 64.8%. The three major telecom operators may restart eSIM business
According to Zhitong Finance APP, MOBVOI (02438) rose more than 15% in late trading, up 15.79% to HKD 0.66, with a trading volume of HKD 14.8115 million.
On the news front, MOBVOI recently released its interim results, reporting revenue of RMB 179 million for the first half of the year, an increase of 10% year-on-year; adjusted net loss of RMB 1.408 million, a decrease of 97.5% year-on-year; and a loss of RMB 2.898 million during the period, a decrease of 99.5% year-on-year. During the period, revenue from AI software business was RMB 80.6 million, a year-on-year decrease of 21.7%; revenue from AI smart hardware business was RMB 98.3 million, a year-on-year increase of 64.8%. The Group increased strategic market investment and brand investment for the new product "TicNote" in the first half of the year, while simultaneously optimizing the inventory structure of categories, which temporarily led to fluctuations in the gross profit margin of this segment. As the inventory structure gradually adjusts, gross profit performance is expected to stabilize.
It is worth noting that Apple has officially released the iPhone Air, which only supports eSIM. In addition, according to Sina Technology, the three major domestic operators may fully restart the eSIM business that has been suspended for two years, with China Unicom being the first to restart in multiple provinces and cities. It is reported that as early as 2017, Shanghai Unicom, in collaboration with MOBVOI, launched the first domestic smart watch supporting eSIM—Ticwatch 2, which can achieve 3G communication
