Navinfo Co Ltd002405
▼ NegativeDemandrelevance
Weak demand in China's passenger car market and rising raw material costs squeezed margins, widening losses.
Impact on stocks 1
Others
Navinfo Co LtdNavInfo released its 2026 interim report, with operating revenue of 1.767 billion yuan, up 0.36 percent year on year, but net profit attributable to the parent swung to a loss of 489 million yuan from a loss of 311 million yuan in the same period last year. Second-quarter operating revenue was 910 million yuan, down 9.4 percent year on year, while the net loss attributable to the parent widened to 344 million yuan from 158 million yuan. The company said weak demand in China's domestic passenger car market and rising upstream raw material costs led to lower selling prices for intelligent driving, automotive-grade chips, and high-precision map services, squeezing profit margins. Management will promote cost reduction and efficiency improvement, reasonably control research and development investment, and accelerate overseas market expansion to improve performance.
Navinfo Co LtdWeak demand in China's passenger car market and rising raw material costs squeezed margins, widening losses.