Northern Navigation announced its results on the evening of January 7. It is expected to achieve net profit of 44 million yuan to 53 million yuan in 2024, a year-on-year decrease of 72.43% to 77.11%. The main reason for the decline in performance is that the parent company was affected by factors such as the customer unit's overall contract signing progress and technical status. Some of the clearly defined requirements were unable to generate revenue during the reporting period, leading to a decrease in operating income compared to the same period last year; although operating income declined year-on-year, fixed expenses such as production preparation occurred normally, leading to a year-on-year decline in net profit due to the year-on-year decline in net profit to mother during the reporting period.

Northern Navigation announced its results on the evening of January 7. It is expected to achieve net profit of 44 million yuan to 53 million yuan in 2024, a year-on-year decrease of 72.43% to 77.11%. The main reason for the decline in performance is that the parent company was affected by factors such as the customer unit's overall contract signing progress and technical status. Some of the clearly defined requirements were unable to generate revenue during the reporting period, leading to a decrease in operating income compared to the same period last year; although operating income declined year-on-year, fixed expenses such as production preparation occurred normally, leading to a year-on-year decline in net profit due to the year-on-year decline in net profit to mother during the reporting period.