CHC Navigation announces Q1 2023 Results

Shanghai, China - April 25, 2023 - CHC Navigation | CHCNAV [Huace:300627.SZ] has announced its financial results for the fiscal year 2023 Q1, covering the period from January 1, 2023, to March 31, 2023.

2023 Q1 Financial Highlights

• The Company reported revenue of CNY511.85million, up 21.19% year-over-year.
• Net profit attributable to shareholders of the Company reached CNY79.07 million, up 18.49% year-over-year, and net profit attributable to shareholders of the Company excluding non-recurring gains and losses hit CNY61.82 million, up 23.06% year-over-year.
• R&D investment of CNY89.15 million, up 19.79% year-over-year. A high level of R&D investment was maintained, with the ratio of R&D investment to revenue being 17.42%.

Download the 2023 Q1 Financial Report Excerpt in English

Disclaimer and Caution

This document is an excerpt from the 2023Q1 Report Chinese Edition ("2023年第一季度报告"), and the announcements published in the Chinese version shall prevail. The complete Chinese version of the "2023 Q1 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 navigation and positioning solutions to make customers' operations more efficient. CHCNAV products and solutions cover a wide range of industries including geospatial, construction, agriculture, marine and more. With a global presence, distributors in more than 120 countries and more than 1,700 employees, CHC Navigation is recognized today as one of the fastest growing companies in geomatics technologies.