MOBI Development Co., Ltd. provided unaudited consolidated earnings guidance for the six months ended June 30, 2022. For the period, the company is expected to record a net loss exceeding RMB 30 million. The company recorded a net loss of approximately RMB 57.58 million in the same period of 2021.

The net loss was mainly attributable to the impact of the prices of bulk commodities and raw materials, coupled with the increase in labour costs and product costs, resulting in a decline in the gross profit margin.