CHC Navigation announces 2024 Q1-Q3 Results

Shanghai, China - October 24, 2024 - CHC Navigation | CHCNAV [Huace:300627.SZ] has announced its financial results for the fiscal year 2024 Q1-Q3, covering the period from January 1, 2024 to September 30, 2024.

2024 Q1-Q3 Financial Highlights

• The Company reported revenue of CNY 2.27 billion, up 24.22% year-over-year.
• Net profit attributable to shareholders of the Company reached CNY 389.69 million, up 37.84% year-over-year, and net profit attributable to shareholders of the Company excluding non-recurring gains and losses hit CNY 341.58 million, up 35.31% year-over-year.
• R&D investment of CNY 382.37 million, up 24.40% year-over-year. A high level of R&D investment was maintained, with the ratio of R&D investment to revenue being 16.86%.

Download the 2024 Q1-Q3 Financial Report Excerpt in English

Disclaimer and Caution

This document is an excerpt from the 2024 Q3 Report Chinese Edition ("2024年第三季度报告") and the announcements published in the Chinese version shall prevail. The complete Chinese version of the "2024 Q3 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 CHC Navigation

CHC Navigation (CHCNAV) develops advanced mapping, navigation and positioning solutions designed to increase productivity and efficiency. Serving industries such as geospatial, agriculture, construction and autonomy, CHCNAV delivers innovative technologies that empower professionals and drive industry advancement. With a global presence spanning over 130 countries and a team of more than 1,900 professionals, CHC Navigation is recognized as a leader in the geospatial industry and beyond.

To learn more about CHC Navigation [Huace:300627.SZ] and its solutions, please visit: https://chcnav.com/about/overview