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Semiyearly report of NavInfo: Revenue of 990 million, with growth of 73% and 96% for chips and autonomous driving business respectively

 According to the news on August 22, NavInfo recently released the performance report of the first half of 2018. According to data, during the first half of 2018, the company achieved an operating income of RMB 990 million with a year-on-year growth of 18.77%, the net margin attributable to the shareholders of listed companies was RMB 163 million with a year-on-year growth of 34.54%, and the net cash flow produced in business activities was RMB 191 million with a year-on-year growth of 948.03%.

From this semiyearly report, the year-on-year growth was obvious in the two emerging businesses of chips and autonomous driving by 73.70% and 96.10% respectively. Especially, relying on the chip business, NavInfo has improved the closed loop of "data + calculation". In addition to the existing series products of IVI chips, other products such as AMP vehicle-mounted power electronic chip, MCU (BCM) body control chip, TPMS tire pressure monitoring chip and ADAS chip will be launched on the market successively, to create more profit growth points.

In addition to emerging business, two traditional businesses of navigation and connected car have achieved a growth of 4.42% and 13.02% respectively in the first half of 2018.

NavInfo has completed the "five-sphere integrated plan" strategic layout including navigation, autonomous driving, chip, connected car and big data since the acquisition of AutoChips in 2017. According to the semiyearly report, five main businesses such as navigation, connected car, chip, advanced aided driving and autonomous driving and location big data service accounted for 41.52%, 24.01%, 28.29%, 2.03% and 3.88% respectively in the total operating income, which showed a gradual decline in traditional business and steady rise in emerging business.

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