长江商报消息 ●长江商报记者 徐阳 国内高精度卫星导航领域龙头华测导航（300627.SZ）经营业绩延续强劲增长。 2017年，华测导航通过闯关IPO登陆A股市场，当年公司实现的营业收入、归母净利润、扣非净利润分 别为6.78亿元、1.29亿元、9936万元，同比分别增长40.68%、26.45%、44.7%。 根据业绩预告，华测导航预计2025年度实现归属于上市公司股东的净利润（以下简称"归母净利润"）约 为6.7亿—6.9亿元，同比增长14.84%—18.27%。至此，公司归母净利润连续七年保持同比正增长。 针对2025年经营业绩继续稳健增长，华测导航解释，公司坚持全球化、打爆品战略，拓展机器人与自动 驾驶、地理空间信息等业务领域，海外营业收入持续快速增长；同时保持高强度研发投入，提升产品竞 争力，推动各行业市场业务扩张。 长江商报记者注意到，近年来，华测导航国外市场营业收入占比持续上升，2021年至2024年，国外市场 营业收入占比分别为16.57%、21.80%、26.85%、28.84%，2025年上半年进一步提升至32.82% 归母净利预增超14.84% 华测导航2025年度展现了强劲增长动力。 ...

Core Viewpoint - The company, Shanghai Huace Navigation Technology Co., Ltd., reported significant growth in its financial performance for the third quarter and the first three quarters of 2025, driven by its "globalization and blockbuster products" strategy, focusing on high-precision navigation and positioning technologies [1][2]. Financial Performance - In Q3 2025, the company achieved operating revenue of 785 million yuan, with net profit attributable to shareholders at 166 million yuan, reflecting a year-on-year growth of 20% and 17.47% respectively [1]. - For the first three quarters of 2025, the company reported operating revenue of 2.618 billion yuan, a year-on-year increase of 15.47%, and net profit attributable to shareholders of 493 million yuan, up 26.41% [1]. Strategic Development - The company's growth is attributed to its focus on expanding product applications in industries such as robotics, autonomous driving, and geospatial information, alongside a strong push into overseas markets [2]. - Research and development investment for the first three quarters reached 387 million yuan, slightly higher than the previous year's 382 million yuan, indicating a commitment to building core technological barriers [2]. Industry Growth - The high-precision navigation industry is experiencing rapid growth, with China's market sales expected to reach 21.45 billion yuan in 2023, a year-on-year increase of 17.34% [4]. - The market is projected to grow at a compound annual growth rate of 35% from 2023 to 2028, potentially reaching a market size of 126.34 billion yuan by the end of 2028 [4]. Cash Flow Improvement - The company improved its accounts receivable management, resulting in a net cash flow from operating activities of 51.51 million yuan, a significant turnaround from a negative cash flow of 50.95 million yuan in the same period last year [3]. International Opportunities - The industry is poised for international expansion, with increasing recognition of the BeiDou system and the establishment of international standards enhancing China's influence in the high-precision navigation sector [5].