The chip business is still in the stage of continuous investment, and the net profit of NavInfo is down 47.56% year-on-year.
Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: Zhang.
Author | Zhang Yi
Edit | Liang Chen
On the evening of August 25, NavInfo newly disclosed 2019 first half performance report< /a>, data show that in the first half of this year, NavInfo achieved revenue of 1.084 billion yuan, up 9.43% from 990 million yuan in the same period of last year; net profit attributable to listed company shareholders was 85.6 million yuan, compared with 163.24 million yuan in the same period of last year. It fell 47.56%.
In the segmented business segment, in addition to the chip business, the navigation business, advanced assisted driving and autopilot services, location big data services and car networking business segments all achieved different growth rates in the main business of NavInfo. . Among them, the operating income of senior assisted driving and autopilot business increased the most, reaching 140.83%, to 48.341 million yuan.
The four-dimensional map said that due to the adverse impact of the decline in domestic vehicle sales, during the reporting period, the company’s in-vehicle infotainment system chip shipments and sales prices were under greater pressure. Moreover, the investment in new business related to autopilot maps and chips has increased, resulting in the company’s net profit falling for the first time in recent years.
The financial report shows that in the first half of 2019, NavInfo’s new R&D investment reached 544 million yuan, an increase of 18.59% compared with 458 million yuan in the same period last year. In a list published by the Chinese listed company research institute in 2018, NavInfo ranked first in the 3088 A-share companies with a research and development cost of 1.166 billion and a R&D investment ratio of 54.65%.
Since receiving a $1.2 billion investment from Tencent in 2014, NavInfo has continued to invest heavily in high-precision maps and autonomous driving related technologies. Has indirectly acquired a 10% stake in HERE, the world’s leading automotive electronic navigation map service provider, and wholly-owned acquisition of chip researchHair and technology with hair and design capabilities.
4Dituxin said that in the future, we will continue to invest in high-precision maps, high-precision positioning, automatic driving solutions, TPMS chips and other related fields and businesses. The company will continue to introduce Bosch Group as a four-dimensional Zhilian. Strategic investor.
In addition, in the face of the rapid development of the new energy vehicle travel field, NavInfo said it will accelerate the market expansion of the new energy vehicle charging service “Pile Home”.
“Pile Home” is a new energy travel solution launched by NavInfo in May this year. This service integrates nationwide charging pile location data, road books, and surrounding environmental information data. In the future, it will combine the data capabilities of cloud platforms and integrate the dynamic data of domestic charging operators to provide users with a pile, charging, and payment. Stationary service.
Founded in 2002, NavInfo has seized the opportunity of in-vehicle electronic navigation and mobile-based mobile electronic navigation. It has maintained its first echelon in the location navigation camp by working with car companies and mobile operators. Currently, NavInfo is transforming from a location service provider to an autonomous driving solution provider.
In 2001, NavInfo was awarded the first navigation electronic map qualification issued by the National Bureau of Surveying and Mapping. In June of this year, NavInfo won the T3 license for Beijing Autopilot Road Test and became one of the 11 approved companies. It can conduct autopilot tests on 44 open test roads with a total of 123 kilometers in Beijing.
(I am Zhang Yi, the author of Future Auto Daily, paying attention to car/travel technology, my WeChat is ro20110723, please feel free to exchange, add WeChat, please note name, position, company.)
