China’s smart mobility solution provider NavInfo is projected to grasp an increase in revenue of the first three quarters this year, with the third quarter’s performance being extra prominent, the company forecasted.
Main productsIntelligent Driving Intelligent Driving L2 Product: L2 Box L2+ Intelligent Driving Products: Low-computing-power domain controllers for integrated driving and parking; high-computing-power domain controllers for integrated driving and parking Integrated dual-domain products: cockpit-parking integration products and cockpit-driving-parking integration products. Intelligent Cockpit Dash Cam: 2G Travel Recorder, 4G Travel Recorder, 4G Video Terminal ADAS Series: ADAS+DMS Smart Vehicle Terminal: Truck Navigation, Segmented Speed Limit Function, Surveillance Camera T-BOX Series: 4G T-BOX, China VI T-BOX Compliant with Fuel/New Energy Vehicle Requirements PCC Predictive Cruise Intelligent Terminal: ADASIS Map, Intelligent Load Algorithm, Dynamic Planning Algorithm Load Sensor: Load Algorithm Vehicle Networking and Big Data Platform Commercial Vehicle Map Service: Intelligent Horizon, Geofencing, Segmented Speed Limit Road Network Map APP Operation Service Intelligent Cloud Map Products, Human-Machine Co-Driving Navigation Products, Data Compliance Closed-Loop Service, Dynamic Traffic Service, High-Precision Positioning Intelligent Chips Automotive AP：E-cockpit SoC, IVI SoC, SoC for DA and High-end LCD Instrument, Telematics SoC MCU
Main productsNew Energy Vehicles Module Products: DC Fast Charging Modules, Energy Storage and Charging Modules, On-board Power Modules Monitoring Products: Charging Control Modules, Charging Cloud Platform System Products: Standard DC EV Chargers, Split-type Charging Systems, Fully Liquid-cooled Supercharging Systems, AC EV Chargers, V2G EV Chargers
Beijing (Gasgoo)- China’s smart mobility solution provider NavInfo is projected to grasp an increase in revenue of the first three quarters this year, with the third quarter’s performance being extra prominent, the company forecasted.
Photo credit: NavInfo
According to the forecast, NavInfo would see a rise of 17.68%-25.53% year on year in revenue, to RMB1.8 billion-RMB1.92 billion ($278.87 million-$297.46 million) from January to September.
In the third quarter alone, the company should realize revenue of RMB600 million-RMB722 million ($92.96 million-$111.86 million), increasing 6.06%-27.19% from a year ago. Net profit attributable to shareholders would amount to RMB6.68 million-RMB21.37 million ($1.03 million-$3.31 million), more than doubled (by 121.28%-168.08%) year on year. Notably, the company’s 2020 Q1-Q3 performance remained flat with the corresponding period of 2019.
NavInfo stated, the growth of its location big data business and accelerated commercialization of its ADAS, autonomous driving, and V2X (vehicle to everything) business should help boost the company’s sales revenue in a considerable sum during the reporting period. With the auto market recovering, the company’s mainstay navigation business would also see an increase. Moreover, NavInfo has shipped more auto-grade chips in the first nine months of this year than a year ago.
In September, NavInfo announced a partnership with connected vehicle parking solutions provider, Parkopedia through NavInfo’s subsidiary CenNavi, to provide digitalized off-street parking information for automakers in China. By virtue of both parties, they hope to relieve a considerable portion of the existing parking tension among drivers in the country.
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