Navinfo Co.Ltd(002405) (002405) released the performance forecast for 2021 on January 16. It is estimated that the net profit in 2021 will be 101 million yuan to 131 million yuan, so as to turn losses into profits. In 2020, Navinfo Co.Ltd(002405) lost 309 million yuan in the whole year. The announcement data also shows that the annual operating revenue of Navinfo Co.Ltd(002405) 2021 is expected to range from 2.9 billion yuan to 3.1 billion yuan, an increase of 35.03% to 44.34% over the annual revenue of 2.148 billion yuan in 2020.
For the reasons for the significant growth of the company’s performance in 2022, Navinfo Co.Ltd(002405) announced that this is mainly due to the substantial growth of the company’s main business income during the reporting period. Among them, the company’s “vehicle regulation level navigation business” continues to maintain a growth trend, which has laid a solid foundation for the steady development of the company’s main businesses. At the same time, the development momentum of automatic driving and vehicle networking business is strong and is gradually developing into a new business highlight of the company; Location big data platform products and services and automotive electronic chip business are developing steadily and have been recognized by the majority of government and enterprise customers.
In addition, recently Navinfo Co.Ltd(002405) successively announced the news of mass production cooperation with a number of car manufacturers, including SAIC Volkswagen, Volvo, Ford and other well-known car manufacturers. The implementation of these cooperative mass production projects indicates that the company has gradually gained recognition from the industry and market in high-precision maps, automatic driving solutions, intelligent networking data compliance service platform and data management service capabilities, which is further supported by the growth of the company’s performance.
Facing various opportunities and challenges in the country and industry in the future, Navinfo Co.Ltd(002405) also said that it would continue to increase R & D and investment in relevant products and continue to improve the company’s ability in map service data security, data compliance and cloud integration services.
