On January 16, Navinfo Co.Ltd(002405) (002405) released the performance forecast for 2021. It is estimated that the net profit in 2021 will reach 101 million yuan to 131 million yuan, and the annual performance will turn from loss to profit.
According to the data, the annual operating revenue of the company in 2021 is expected to range from 2.9 billion yuan to 3.1 billion yuan, an increase of 35.03% ~ 44.34% over the annual revenue of 2.148 billion yuan in 2020 and 25.54% ~ 34.2% over the 2.31 billion yuan in 2019 before the epidemic.
Navinfo Co.Ltd(002405) in the first three quarters of 2021, the performance growth trend has appeared. The company achieved a revenue of 1.863 billion yuan in the first three quarters, an increase of 21.78% over the same period last year, of which the single quarter net profit in the third quarter was 13.87 million yuan, reaching the turning point of turning loss into profit.
In the performance forecast, Navinfo Co.Ltd(002405) said that the reason for the significant growth of the company’s performance was mainly due to the substantial growth of the company’s main revenue during the reporting period. Among them, the company’s flagship business – vehicle specification 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 also developing steadily, which has been recognized by the majority of government and enterprise customers.
Recently, the company has announced mass production cooperation with a number of car manufacturers, including Mercedes Benz, 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 the opportunities and challenges in the country and industry in the future, Navinfo Co.Ltd(002405) said that it would continue to increase the R & D and investment of relevant products to continue to improve the company’s ability in navigation electronic map data security, data compliance and cloud integrated data services, as well as automatic driving solutions Applications such as intelligent travel of new energy vehicles will also become the key business areas of the company to adapt to the mass production and landing of “new three modernizations” of vehicles and the improvement of national data and network security needs in the future.
