BDStar 485 million in revenue last year

The message of April 19, BDStar Navigation Technology Co., Ltd. (hereinafter referred to as the "Big Dipper" or "Company") released the 2011 annual report. 2011 is the Big Dipper through the second decade of development of the first year, through the further consolidation and expansion of the product system operational services business model, thoroughly implement the "endogenous" and "foreign minister" strategy, and actively practice the "common Big Dipper, common dreams, division, subsidiary to be consolidated and enhanced to further promote the transformation and upgrading to the depth of own products and services-based assets of the business unit operational capability.

    2011 annual operating income 48,477.28 million, an increase of 47.13% over the same period last year; total profit of 5,083.96 million, an increase of 1.72% over the same period last year; attributable to shareholders of listed companies net profit to 3,816.65 million, over the same period last year dropped 7.58 %.

    During the reporting period, the company's main business mapping and high-precision application of industry operating income 11,873.02 million, down 9.02% over the previous year, gross profit margin of 33.76%; Ocean and Fishery business income of 6,684.73 yuan, an increase of 23.26% over the previous year gross margin of 49.31%; defense industry's operating income was 12,290.77 yuan, an increase of 33.98% over the previous year, gross profit margin of 40.69%; automotive electronics industry operating income of 11,671.42 million, an increase of 663 percent over the previous year, gross profit margin of 18.03%; other industry revenues to 5,957.41 million, an increase of 57.93% over the same period last year, gross profit margin of 48.41%.

    Operating income of the statistics according to the product case are: navigation and positioning products to achieve operating income of 42,102.07 million, to 4,071.60 million location-based information system applications, location-based operational services for 2,251.70 million, other product revenue of 519,100 yuan.

    The report said the 2011 annual revenue, profits failed to complete the annual budget target, mainly due to market competition and macroeconomic policies affect the sales of less than expected; 2011 annual labor costs and interest expense increased substantially leading to increased costs; chip business large losses, net profit budget targets to complete a big gap between.

    The reporting period, through the strengthening of foreign investment and raise investment projects, a group of listed companies as a platform, has become a 3 Division 6 holding subsidiaries, three holding subsidiaries navigation industry groups. The company actively involved in the Beidou major projects in basic research and the demonstration applications, has received project funding and support of the Big Dipper authorities, Beijing and other government departments.

    Kind of companies owned subsidiary and core sung in the Beidou department in charge of organization than the measured baseband chip R & D and multi-mode OEM board won the first prize,Main products: car dvd player and car dvd , are with good quality. the RF chip to obtain the fourth and scored the first domestic a "ten thousand" Beidou orders; the rapid development of automotive electronics and navigation aftermarket business, and successfully released the first Taipei bucket navigator; marine and fisheries business to continue to maintain market leadership, subscribers have reached 23 000 .