CHC Navigation announces 2024 Half-Year Results

Shanghai, China - August 21, 2024 - CHC Navigation | CHCNAV [Huace:300627.SZ] has announced its financial results for the 2024 Half-Year, covering the period from January 1, 2024, to June 30, 2024.

2024 Half-Year Financial Highlights

• The Company reported revenue of CNY1.48 billion, up 22.86% year-over-year.
• Net profit attributable to shareholders of the Company reached CNY251.24 million, up 42.96% year-over-year, and net profit attributable to shareholders of the Company, excluding non-recurring gains and losses, hit CNY210.90 million, up 34.55% year-over-year.
• R&D investment of CNY 242.33 million, up 31.28% year-over-year. A high level of R&D investment was maintained, with the ratio of R&D investment to revenue being 16.33%.
• Domestic market revenue of CNY1.04 billion, up 18.30% year-over-year, and international market revenue of CNY445.40 million, up 34.98% year-over-year.

Download the 2024 Half-Year Financial Report Excerpt in English 

Disclaimer and Caution

This document is an excerpt from the 2024 Half-Year Report Chinese Edition ("2024年半年度报告"), and the announcements published in the Chinese version shall prevail. The complete Chinese version of the "2024 Half-Year Report " is available at www.cninfo.com.cn

Investors are advised to exercise caution and acknowledge the risks associated with investing.

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About CHCNAV

CHC Navigation (CHCNAV) creates innovative GNSS 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 1,900 employees, today, CHC Navigation is recognized as one of the fastest-growing companies in geomatics technologies.