NavInfo(SZ:002405) Zheng Quan Shi Bao·2025-08-13 05:51Core Viewpoint - The company has signed a contract with Beijing New Energy Automobile Co., Ltd. to develop parking software products for two of its models, showcasing recognition of its R&D capabilities and product quality [1] Group 1: Business Development - The contract with Beijing New Energy is expected to help the company expand its parking technology and related business areas, enhancing profitability [1] - The company is actively embracing the trend of smart technology and is in a strategic transformation phase, focusing on becoming a solution provider in the intelligent driving sector [1] Group 2: Financial Performance - In 2024, the company achieved revenue of 3.518 billion yuan, a year-on-year increase of 12.68%, with the intelligent cloud business growing by 28.96% [2] - The company is currently in a transformation investment phase, reporting a net loss of 1.095 billion yuan in 2024, but the loss is narrowing compared to the previous year [2] - The company expects significant loss reduction in 2025 as market share increases [2] Group 3: Market Trends - The trend of democratizing intelligent driving is seen as crucial, with mid-to-high-level assisted driving becoming a standard feature in vehicles priced around 100,000 yuan [3] - The company believes that a full-stack controllable and ecosystem cooperative approach is a more practical and cost-effective solution for automakers [3]