NBD AI Bulletin, Navinfo Co., Ltd. (the Company, SZ 002405, closing price: 15.16 yuan) announced on September 25 that the Company's shareholder China Siwei Surveying & Mapping Technology Co., Ltd. reduced 100,000 shares from March 27, 2020 to September 27 at the price of about 21.48 yuan/share, and the shares accounted for of 0.0051% of the Company's total shares. After this reduction, shareholder China Siwei Surveying & Mapping Technology Co., Ltd. holds about 195 million shares, accounting for about 9.96% of the Company's total shares. The reduction plan expires on September 27, 2020.

The 2020 semi-annual report shows that the main business of Navinfo Co., Ltd. are connected vehicle, navigation, chip, enterprise service and industrial applications, advanced auxiliary driving and autonomous driving, accounting for 45.09%, 27.84%, 12.3%, 10.04%, 3.56% of revenue, respectively.

The chairman of Navinfo Co., Ltd. is Yue Tao, male, 51 years old, Chinese national, no overseas residence, Ph.D, researcher. The general manager of Navinfo Co., Ltd. is Cheng Peng, male, 44 years old, Chinese national, United States residence, bachelor's degree.

Tips on "Stock Trends":

1. The number of shares held by northbound investors decreased by 7.6393 million shares in the past 30 days, representing 0.39% of the Company's circulating shares. 

2. There was no institutional research on the Company in the past 30 days.

3. The last time Navinfo Co., Ltd. issued a shareholding reduction announcement was on August 21, 2020, and the stock rose 0.62% on the following trading day. The Company issued 12 such announcements in the past 12 months.

(By Li Menglin)

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