NavInfo recently published its annual report for 2018, stating that the company's operating revenue was CNY2.134 billion, a year-on-year decrease of 1.06%; and its net profit attributable to shareholders was CNY479 million, a year-on-year increase of 80.65%.

For segmentation businesses, NavInfo's connected car business operating revenue reached CNY542 million, a year-on-year increase of 14.26%; its chip business operating revenue was CNY579 million, a year-on-year increase of 11.92%; its advanced assisted driving and autopilot business operating revenue was CNY52.928 million, a year-on-year increase of 24.14%.

By the end of 2018, NavInfo's total assets were CNY9.2 billion; its net assets attributable to shareholders were CNY7.2 billion; and its assets and liabilities were 19.67%.

According to the report, NavInfo actively responded to the impact brought by overall decline of car output and sales in 2018 and it enhanced promotion of new business and new product development and commercialization to further realize its "intelligent car brain" development strategy.


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