SEG Navigation achieved operating income of RMB 245.9804 million in 2016

From 2013 to 2015, the sales volume of pre-installed car navigation in my country was 1.394 million, 2.511 million and 3.712 million units, respectively, with growth rates of 44.46%, 80.1% and 47.8%, respectively. The data shows that the domestic pre-installed car navigation market is in a period of rapid growth. SEG navigation products and services are sold through direct sales, agents and other means, among which direct sales is the main sales model, accounting for more than 85% in the past three years. In 2016, the company achieved operating income of 245.9804 million yuan, a year-on-year increase of 11.63%; net profit of 5.0583 million yuan, a year-on-year increase of 171.40%; net cash flow from operating activities was -12.0136 million yuan; gross profit margin remained stable at around 40%.