According to the Zhito Finance APP, North Navigation Control Technology (600435.SH) issued a performance reduction announcement for 2024, estimating a Net income attributed to the parent company owners to be between 44 million yuan and 53 million yuan, a year-on-year decrease of 72.43% to 77.11%.

The main reasons for this performance decline are as follows: the parent company is affected by the overall contract signing progress and technical status of client units, resulting in some clear demands not generating revenue within this report period due to late contract signing, leading to a decrease in revenue compared to the same period last year; although the operating revenue has decreased year-on-year, fixed costs such as preparatory production have occurred normally, resulting in a corresponding decline in Net income attributable to the parent for this report period.