NavInfo Co., Ltd. (002405.SZ) issues a forecast of a net loss for the year 2024, estimated to be between 781 million and 1.116 billion yuan.

NavInfo Co., Ltd. (002405.SZ) released its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company to be between 781 million yuan and 1.116 billion yuan, with a decrease in losses of 15.04% to 40.53%. During the reporting period, the company increased its efforts in market expansion and enhanced localized services to customers. The data compliance business in the cloud intelligence sector grew rapidly, while the shipment volume in the smart chip sector significantly increased, maintaining a leading market position. The company expects to achieve operating income of 3.45 billion yuan to 3.7 billion yuan, an increase of 10.51% to 18.52% year-on-year.