On January 30, NavInfo released its 2023 performance forecast, projecting a revenue of 3.06 billion to 3.42 billion yuan and a net loss of approximately 977 million to 1.221 billion yuan.
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
Beijing (Gasgoo)- On January 30, NavInfo released its 2023 performance forecast, projecting a revenue of 3.06 billion to 3.42 billion yuan and a net loss of approximately 977 million to 1.221 billion yuan.
Photo credit: NavInfo
NavInfo highlighted the ongoing decrease in product unit prices within the automotive supply chain in 2023. In response to market dynamics, the company is steadfastly concentrating on automotive intelligence, developing core products, actively expanding market reach, transforming operational management, gradually transitioning from a product provider to a solution provider.
Throughout the year, NavInfo further clarified its business focus, emphasizing “intelligent driving” as its leading business line. The deployment volume of its integrated intelligent driving software and hardware products continues to rise, contributing to a year-on-year growth in smart driving business revenue. The company’s MCU chip products also saw increased sales compared to the previous year.
However, revenue declined in the Smart Cloud and Smart Cockpit businesses due to market competition and strategic adjustments.
Regarding the net loss, NavInfo identified three key factors: intense market competition affecting product gross margins, increased management and sales expenses due to proactive market adaptation efforts, and losses from some affiliated companies negatively impacting short-term performance.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
