On February 20, Shanghai Huace Navigation Technology Ltd(300627) released the annual performance express of 2021. During the reporting period, the company maintained steady operation, always focused on its main business, grasped industry opportunities and market demand, expanded market share and competitive advantage, and maintained good growth in operating revenue. The total annual operating revenue was 1.92 billion yuan, an increase of 36.22% over the same period of last year; The net profit attributable to shareholders of listed companies was 292 million yuan, an increase of 48.16% over the same period last year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 227 million yuan, an increase of 50.71% over the same period of last year. At the same time of scale growth, the company has continuously improved its operation and management efficiency, further improving its profitability. During the reporting period, the net cash flow generated by the company’s operating activities was 239 million yuan.
In terms of R & D, the company continues to increase investment, improve the core technical barriers of high-precision navigation and positioning algorithms and intelligent control, invest in the development of GNSS chip, lidar, Internet of things, cloud computing and other technologies, and achieve good phased technical achievements, laying a solid foundation for the rapid development of the company’s business lines in the future.
During the reporting period, the company was in good operating and financial condition. It issued A-share shares to specific objects and was registered and listed on July 9, 2021. The net amount of funds actually raised was 785 million yuan. At the end of the reporting period, the total assets of the company were 3.3 billion yuan, an increase of 70.83% over the beginning of the reporting period; The owner’s equity attributable to shareholders of listed companies was 2.166 billion yuan, an increase of 99.57% over the beginning of the reporting period.
