CHC Navigation announces 2023 Q1 Performance Estimate

Shanghai, China - April 6, 2023 - CHC Navigation | CHCNAV [Huace:300627.SZ] has announced the Q1 2023 performance estimate covering the period from January 1, 2023, to March 31, 2023.

Executive Statement on 2023 Q1 Estimates

During the period, net profit attributable to shareholders of the Company and net profit attributable to shareholders of the Company excluding non-recurring gains and losses, both recorded stable growth compared to the same period of the previous year, mainly due to the following reasons:

1. Demand for the Company's mainstream applications has grown steadily, and good results have been achieved in related businesses such as environmental resources and utilities, robotics, and autonomous driving.
2. The Company has continued to strategically invest in R&D, consolidating its core competitiveness, developing its brand strength, and laying a solid foundation for rapid further expansion.
3. The Company has continuously improved its organizational capabilities, reduced and controlled costs, and enhanced management effectiveness and efficiency.

Disclaimer and Caution

The 2023 Q1 results estimate contained in this press release is only a preliminary estimate by the Company's Finance Department and reflects the Company's position as of the date of this release. For final financial information, please refer to the 2023 Q1 Report, which will be duly published by the Company. Investors are advised to exercise caution in making investment decisions.

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About CHC Navigation

CHC Navigation (CHCNAV) creates innovative navigation and positioning solutions to make customers' work more efficient. CHCNAV products and solutions cover multiple industries such as geospatial, construction, agriculture, and marine. With a presence across the globe, distributors in more than 120 countries, and more than 1,600 employees, today, CHC Navigation is recognized as one of the fastest-growing companies in geomatics technologies.