Navinfo Co.Ltd(002405) : net profit in 2021 increased by 139.26% year on year

On March 30, Navinfo Co.Ltd(002405) released the annual performance express of 2021. The company’s annual operating revenue in 2021 was 3.06 billion yuan, an increase of 42.48% over 2020; In 2021, the annual performance turned losses into profits, and the net profit attributable to the shareholders of the listed company was 122 million yuan, with a significant year-on-year increase of 139.26%.

In addition, Navinfo Co.Ltd(002405) in the performance forecast for the first quarter of 2022 released at the same time on the 30th, further said that thanks to the rapid development of the intelligent vehicle industry and the continuous improvement of the company’s competitiveness, the company’s operation has continued to maintain a good development trend since 2022. The first quarter performance forecast shows that the company’s net profit attributable to shareholders of Listed Companies in the first quarter of this year is expected to be 103782 million yuan to 134917 million yuan, with a year-on-year increase of 122.97% to 129.86%. This is also the first time that Navinfo Co.Ltd(002405) achieved profit in the first quarter since 2020.

Navinfo Co.Ltd(002405) said in the relevant announcement that in the face of the market opportunities brought by the continuous deepening of historic changes in the automotive industry, the company focused on automotive intelligence, took customer demand as the starting point, relied on industrial capacity and core advantages, actively promoted the evolution and upgrading of traditional business to new service mode, formed a new business system of smart cloud, smart drive, smart cabin and smart core, and initially completed the strategic transformation to smart travel technology company, Realize the successful expansion to the intelligent city of the second track Navinfo Co.Ltd(002405) also said that in the future, the company will continue to focus on technology research and development and mass production of products, and continue to be committed to becoming a trusted intelligent travel technology company for users.

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