On the evening of October 15th, NavInfo announced that the company held its third extraordinary general meeting of shareholders for 2025 and approved the "Proposal on Related Transactions for External Investment and Financial Assistance". This means that NavInfo's investment in "Jianzhi Cayman" has taken an important step towards enhancing its advanced intelligent driving capabilities.
On September 29th, NavInfo disclosed a related party transaction announcement, intending to acquire 39.14% of PhiGent Robotics Limited (hereinafter referred to as "Jianzhi Cayman") shares through a "250 million yuan cash capital increase+1.55 billion yuan asset injection", becoming its largest shareholder.
The core of this transaction is to integrate NavInfo's wholly-owned subsidiary, NavInfo Intelligent Driving (Beijing) Technology Co., Ltd. (hereinafter referred to as "NavInfo Intelligent Driving"), with the intelligent driving business of Jianzhi Cayman, to create an intelligent driving business platform covering the "Horizon+Qualcomm" dual platforms and the entire product line of low, medium, and high levels.
Industry insiders point out that this will greatly enhance the core competitiveness and market position of NavInfo in the field of intelligent driving, transforming it from a participant to a strong competitor.
It is understood that Jianzhi Cayman is an important partner of Horizon in the field of intelligent driving algorithms, and Horizon's presence has also appeared among the investors in this round. Through this transaction, NavInfo has further deepened its cooperation with Horizon Robotics, a leading intelligent driving chip company, and is expected to receive more priority technical support and market opportunities, thereby enhancing the industry's ecological value.
In addition, this transaction will result in a change in the scope of the consolidated financial statements of the listed company. Prior to this transaction, Tuxin Zhijia was a wholly-owned subsidiary of the listed company. After the completion of this transaction, the listed company no longer holds equity in Tuxin Zhijia. According to the relevant provisions of the Enterprise Accounting Standards, the difference between the disposal price of Tuxin Zhijia and the net asset share of Tuxin Zhijia enjoyed by the listed company will increase the investment income of the consolidated financial statements of Four Dimensional Tuxin, which is estimated to be approximately RMB 1.5 billion.
