CHC Navigation announces Q1 2024 Results

Shanghai, China - May 30, 2024 - CHC Navigation | CHCNAV [Huace:300627.SZ] has announced its financial results for the fiscal year 2024 Q1, covering the period from January 1, 2024, to March 31, 2024.

2024 Q1 Financial Highlights

• The Company reported revenue of CNY616.91 million, up 20.53% year-over-year.
• Net profit attributable to shareholders of the Company reached CNY103.06 million, up 30.35% year-over-year, and net profit attributable to shareholders of the Company excluding non-recurring gains and losses hit CNY86.81 million, up 40.42% year-over-year.
• R&D investment of CNY 107.48 million, up 20.56% 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 2024 Q1 Financial Report Excerpt in English

Disclaimer and Caution

This document is an excerpt from the 2024 Q1 Report Chinese Edition ("2024年第一季度报告"), and the announcements published in the Chinese version shall prevail. The complete Chinese version of the "2024 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 CHC Navigation

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 1,900 employees, today, CHC Navigation is recognized as one of the fastest-growing companies in geomatics technologies.