ComNav Technology (688592.SH) expects to incur a net loss of 28 to 35 million yuan in 2024.

ComNav Technology (688592.SH) announced that it expects to incur a loss in net profit attributable to the owners of the parent company for the year 2024 compared to the same period of the previous year (as disclosed by law), with a net profit range of -28 million yuan to -35 million yuan. The net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, is expected to be between -45 million yuan and -52 million yuan. In order to consolidate and enhance the company's technical leadership and innovation advantage in Beidou/GNSS high-precision positioning chips and modules, as well as to expand the application scenarios of company products, during the reporting period, the company continued to advance the implementation of the raised funds project "Next Generation High-Precision PNT Technology Upgrade and Industrialization Project". Investment in high-precision GNSS chips and new product series receivers increased compared to the previous year, with research and development costs increasing by approximately 8 million yuan.