Shanghai, China – October 9, 2023 - CHC Navigation | CHCNAV [Huace:300627.SZ] has announced the 2023 Q1-Q3 performance estimate for the period from January 1, 2023, to September 30, 2023.
The performance estimate for the period from July 1, 2023 to September 30, 2023 is as follows:
Executive Statement on 2023 Q1-Q3 Estimates
During the period under review, both net profit attributable to shareholders of the Company and net profit attributable to shareholders of the Company, excluding non-recurring gains and losses, increased rapidly compared to the same period of the previous year, mainly as a result of the following factors:
1. The company has actively expanded its industry applications, strengthened brand awareness, and recorded steady sales growth in segments such as geospatial information, utilities and resources, robotics, and autonomous driving.
2. The company has continued to increase its investment in R&D, develop its core technological assets, and improve the competitiveness of its products, all of which have contributed to the rapid expansion of its activities in a variety of industries.
Disclaimer and Caution
The 2023 Q1-Q3 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 Q3 report, which will be duly published by the Company. Investors are advised to exercise caution when making investment decisions.
CHC Navigation (CHCNAV) creates innovative mapping, 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 1,700 employees, today, CHC Navigation is recognized as one of the fastest-growing companies in geomatics technologies.
For more information about CHC Navigation [Huace:300627.SZ], please visit: https://www.chcnav.com/about-us/overview