Home » Market Share and Competitive Advantages Expand CTI Navigation’s 2021 Net Profit Increases by Nearly 50%_Oriental Fortune

Market Share and Competitive Advantages Expand CTI Navigation’s 2021 Net Profit Increases by Nearly 50%_Oriental Fortune

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Market Share and Competitive Advantages Expand CTI Navigation’s 2021 Net Profit Increases by Nearly 50%_Oriental Fortune


On the evening of February 20,CTI NavigationPost 2021performanceExpress. During the reporting period, the company maintained stable operation, always focused on its main business, seized industry opportunities and market demand, and expanded market share and competitive advantages.Operating incomeMaintaining good growth, the total operating income for the year was 1.92 billion yuan, an increase of 36.22% over the same period of the previous year; attributable to listed companiesshareholderofnet profit292 million yuan, an increase of 48.16% over the same period of the previous year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 227 million yuan, an increase of 50.71% over the same period of the previous year. While the scale is growing, the company has continuously improved the efficiency of operation and management, which has further improved its profitability. During the reporting period, the net cash flow generated by the company’s operating activities was 239 million yuan.

In terms of research and development, the company continued to increase investment in improving high-precision navigation and positioning algorithms and core technical barriers for intelligent control, and invested in the development of GNSS chips, lidar, Internet of Things, cloud computing and other technologies, and achieved good staged technical results, which will serve as a basis for the company’s future development. The rapid development of business lines has laid a solid foundation.

During the reporting period, the company’s operating conditions and financial conditions were good. The issuance of A-shares to specific objects was registered and listed on July 9, 2021, and the actual net amount of funds raised was 785 million yuan. At the end of the reporting period, the company’s total assets were 3.3 billion yuan, an increase of 70.83% over the beginning of the reporting period; the owner’s equity attributable to shareholders of the listed company was 2.166 billion yuan, an increase of 99.57% over the beginning of the reporting period.

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(Article source: ShanghaisecuritiesNewspaper Chinasecuritiesnetwork)


Article source: Shanghai Securities News China Securities Network

Responsible editor: 92

Original title: Market Share and Competitive Advantage Expand CTI Navigation’s Net Profit Increase by Nearly 50% in 2021

Solemnly declare: Oriental Fortune.com releases this information for the purpose of disseminating more information and has nothing to do with the position of this site.

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