Shanghai Huace Navigation Technology (300627.SZ) forecasts a net profit of 565 million to 585 million yuan for the year, an increase of 25.8% to 30.25% year-on-year.

Shanghai Huace Navigation Technology (300627.SZ) disclosed its annual performance forecast for 2024. The company expects a net profit attributable to shareholders of the listed company of 5.65 billion to 5.85 billion yuan, a year-on-year increase of 25.80% to 30.25%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be 5.03 billion to 5.23 billion yuan, a year-on-year increase of 35.10% to 40.47%. During the reporting period, the company actively expanded the industry applications of its products and solutions, and saw significant growth in operating income in related business areas such as resources, public utilities, and geographic information. The company focused its resources on aggressively expanding into overseas markets, with continued rapid growth in overseas regional operating income. The company continued to increase its investment in research and development, build core technological barriers, enhance the company's product competitiveness, and help the company rapidly expand its business in various industry markets.