• The consolidated statements with AutoChips contribute to great growth in result

• The Company keeps increasing investment in R&D and optimizes its operating efficiency

• The Company starts to lead the automatic driving industry — a key to the Internet of

Investment Thesis

NavInfo is a leading supplier providing navigation maps and dynamic traffic information services in China. We expected that with the continued efforts to expand its car electronic map, car networking and compilation service business, the company`s profit rose again. We expect that the 2017/2018 EPS of the Company will be RMB0.20 and RMB0.35, respectively. Based on the prediction, the target price will be RMB29, and the Company is given Accumulate rating. (Closing price as at 25 Oct 2017)