Group 1 - The company, Nair Radar (688522.SH), has obtained the weapon equipment quality management system certification [1] - The certified products primarily include active phased array measurement and control radar, and active phased array warning radar [1] - The related defense products are currently in the market promotion stage [1]

证券代码：688522 证券简称：纳睿雷达 公告编号：2025-055 号 广东纳睿雷达科技股份有限公司 关于延期回复《关于广东纳睿雷达科技股份有限公司发 行股份及支付现金购买资产并募集配套资金申请的审核 问询函》的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 广东纳睿雷达科技股份有限公司（以下简称"公司"）拟以发行股份及支付现金 的方式向周奇峰、李颖、天津好希望微电子技术合伙企业（有限合伙）等 12 名交易 对方购买天津希格玛微电子技术有限公司的 100%股权，并募集配套资金（以下简称 "本次交易"）。 公司于近期收到上海证券交易所出具的《关于广东纳睿雷达科技股份有限公司发 行股份及支付现金购买资产并募集配套资金申请的审核问询函》（上证科审（并购重 组）〔2025〕23 号）（以下简称"《审核问询函》"）。根据《审核问询函》的要求，公司 回复审核问询的时间总计不得超过 1 个月，如难以在前述时间内回复的，可以按照《上 海证券交易所上市公司重大资产重组审核规则》的规定，向上海证券交易所申请延期 一次，时间不得超过 1 ...

Market Overview - The market opened slightly lower on August 6, with small-cap stocks leading the gains. The Shanghai Composite Index rose by 0.27% to 3627.54 points, while the Shenzhen Component increased by 0.46%, and the ChiNext Index gained 0.39% [1][2] - The A-share market recorded a half-day trading volume of 1.07 trillion yuan [1] Monetary Policy - The People's Bank of China conducted a 138.5 billion yuan reverse repurchase operation with a fixed rate of 1.40% on August 6. The total amount of reverse repos maturing that day was 309 billion yuan, resulting in a net withdrawal of 170.5 billion yuan [2] Robotics and AI Industry - Nvidia announced its deep involvement in the 2025 World Robot Conference, showcasing its layout in physical AI and general robotics alongside partners like Galaxy General and Yushu Technology [3] - The Shanghai Municipal Government released an implementation plan for the development of embodied intelligence, aiming for breakthroughs in core algorithms and technologies by 2027, with a target industry scale exceeding 50 billion yuan [3] Sector Performance - The PEEK materials sector has seen significant gains, with companies like Huami New Materials and Xinhan New Materials experiencing substantial stock price increases [4] - The military industry sector is benefiting from increased military spending globally, particularly following the Russia-Ukraine conflict, leading to a rise in military trade [4] Company Insights - Great Wall Military Industry has increased its R&D investment, focusing on product upgrades and expanding its product line to drive future growth [6] - Aerospace South Lake specializes in air defense radar, with a strong technical foundation and potential market space for transitioning military products to civilian use [6] - Inner Mongolia First Machinery Group is expected to benefit from the ongoing demand for new army equipment [6] - Construction Industry is accelerating its layout in various sectors, including new special equipment and green technology, to cultivate new growth engines [6]

Group 1 - The latest stock price of Narui Radar is 46.30 yuan, up 0.17% from the previous trading day [1] - The company is focused on the computer equipment sector and is part of the Guangdong market, with attributes such as specialized and innovative [1] - Narui Radar has been included in the "2025 Mid-Year Profit Increase" concept, with an expected net profit of approximately 56.55 million yuan for the first half of 2025, representing a year-on-year increase of about 860% [1] Group 2 - On August 5, the net inflow of main funds was 7.0574 million yuan, accounting for 0.13% of the circulating market value [1] - Over the past five days, the overall main fund flow has shown a net outflow, totaling 71.9277 million yuan, which is 1.28% of the circulating market value [1]

Core Viewpoint - The military industry is experiencing significant growth, particularly in the informationization sector, driven by recent developments and government support, indicating a potential turning point for orders by 2025 [4][5]. Group 1: Military Industry Performance - On August 4, the military sector showed strong performance, with companies like Hengyu Communication, Xingtun New Science, and Kesi Technology reaching their daily limit increases [4]. - The report highlighted the successful integration of new technologies in military operations, including drone swarm tactics and unmanned combat modes, which were recently showcased [4]. Group 2: Future Outlook - According to Zhongyou Securities, the military industry is expected to see a turning point in orders by 2025, focusing on new technologies that enhance equipment performance and reduce costs [5]. - The concept of "Big Military" is anticipated to bring market growth and valuation expansion, particularly in low-altitude economy and commercial aerospace sectors during the 14th Five-Year Plan [5].

Core Viewpoint - The military industry is expected to see a turning point in 2025, with military electronics likely to recover first, as indicated by recent performance forecasts showing improved order demand and profitability [3][5]. Group 1: Company Performance - Torch Electronics (603678.SH) is experiencing a positive shift in the electronic components sector, with a forecasted net profit of 240 million, representing a growth of 51.3% [7][11]. - Hongyuan Electronics (603267.SH) anticipates a strong recovery in demand for its core product, high-reliability ceramic capacitors, with a forecasted net profit of 160 million, reflecting a growth of 40.1% [7][11]. - *ST Chengchang (001270.SZ) benefits from a rapid recovery in industry demand, with a forecasted net profit of 60 million, indicating a growth of 287% [7]. Group 2: Market Dynamics - The defense MLCC (Multi-Layer Ceramic Capacitor) market is primarily dominated by Torch Electronics and Hongyuan Electronics, with limited competition due to high qualification barriers and product reliability requirements [8][9]. - The domestic MLCC market is divided into civilian and defense sectors, with the civilian sector being larger and more competitive, while the defense sector remains stable with fewer participants [9]. Group 3: Financial Insights - High-tech infrared imaging company, Gaode Infrared (002414.SZ), is projected to see a significant increase in net profit, with a forecasted lower limit of 130 million, marking a 135-fold increase due to the recovery of delayed product deliveries and new contracts [21][33]. - Gaode Infrared has secured a new contract worth approximately 690 million, which constitutes 25.6% of its 2024 revenue, indicating strong growth potential [34].

| | | 广东纳睿雷达科技股份有限公司 章程 二〇二五年七月 第一章 总则 第一条 为维护广东纳睿雷达科技股份有限公司（以下简称"公司"）、 股东、职工和债权人的合法权益，规范公司的组织和行为，根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）和其他有关规定，制定本章程。 第二条 公司系依照《公司法》《中华人民共和国公司登记管理条例》和 其他有关规定由原珠海纳睿达科技有限公司整体变更方式发起设立的股份有限 公司。公司在珠海市市场监督管理局登记注册，取得营业执照，统一社会信用 代码为 91440400304080484P。 第三条 公司于 2022 年 12 月 15 日经中国证券监督管理委员会（以下简 称"中国证监会"）同意注册，首次向社会公众发行人民币普通股 3,866.68 万股， 于 2023 年 3 月 1 日在上海证券交易所科创板上市。 第四条 公司注册名称：广东纳睿雷达科技股份有限公司 公司英文全称：Naruida Technology Co.,Ltd. 第五条 公司住所：珠海市唐家湾镇港乐路 2 号，邮编：519000。 第六条 公司 ...

近日，公司已完成上述工商变更登记和备案手续，现将相关内容公告如下： 广东纳睿雷达科技股份有限公司 关于变更公司注册资本、修订《公司章程》并办理完成 工商变更登记的公告 证券代码：688522 证券简称：纳睿雷达 公告编号：2025-054 号 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 广东纳睿雷达科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 18 日、 2025 年 5 月 9 日召开第二届董事会第九次会议和 2024 年年度股东大会，审议通过了 《关于公司 2024 年度利润分配及资本公积金转增股本方案的议案》，根据 2024 年年 度股东大会的授权，同意公司管理层具体执行本次利润分配及资本公积金转增股本方 案，根据实施结果适时变更注册资本、修订《广东纳睿雷达科技股份有限公司章程》 （以下简称"《公司章程》"）相关条款并办理相关登记变更手续。此外，公司分别于 2025 年 5 月 30 日、2025 年 6 月 16 日召开的第二届董事会第十次会议和 2025 年第一 次临时股东大会，审议通过了《关 ...

Core Viewpoint - The interview with Gong Xuehua, the Secretary of the Board of Directors of Narui Radar, highlights the company's focus on advanced radar technology and its applications in various fields, emphasizing the importance of technological innovation as a driving force for new productive forces in the industry [5][6][12]. Company Overview - Narui Radar specializes in full-polarization active phased array radar technology and has achieved early industrialization. The company provides radar detection system solutions primarily for meteorological detection and water resource monitoring, with plans to expand into civil aviation, marine monitoring, low-altitude economy, and public safety [5][7]. Industry Insights - The phased array radar technology has evolved significantly since its inception in the 1960s, with advancements in computing and materials leading to reduced costs and broader applications. The technology is currently used mainly in military and aerospace sectors, but its potential for civilian applications is growing [6][7]. Technological Advancements - The integration of artificial intelligence (AI) with phased array radar is transforming its performance and application scenarios, moving from enhanced perception to autonomous decision-making. This shift is expected to create new business models and solutions in radar systems [8][12]. Product Development - The company is actively developing new products, such as a dual-polarization, all-solid-state, full-phase array rain radar that utilizes AI for precise rainfall estimation and hydrological monitoring. This product is part of a broader strategy to enhance capabilities in flood forecasting and disaster prevention [8][10]. Research and Development - Narui Radar has invested significantly in R&D, with a reported expenditure of approximately 78.48 million yuan in 2024, marking a 37.24% increase year-on-year. The company has secured numerous patents and continues to develop advanced radar systems, which have been recognized as internationally advanced [11][12].

Group 1 - The company forecasts a revenue of approximately 154.89 million yuan for the first half of 2025, representing an increase of about 82.12 million yuan or 113% compared to the same period last year [3] - The estimated net profit attributable to the parent company for the first half of 2025 is around 56.55 million yuan, which is an increase of approximately 50.66 million yuan or 860% year-on-year [3] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be about 53.50 million yuan, reflecting an increase of around 43.93 million yuan or 459% compared to the previous year [3] Group 2 - In the same period last year, the company reported a revenue of 72.78 million yuan and a net profit of 5.89 million yuan attributable to the parent company [5] - The company attributes the significant growth in revenue and profit to its product technology and brand advantages, as well as a substantial increase in new contracts for hydrological radar [6] - The company has experienced accelerated confirmation of existing orders, contributing to its rapid revenue growth and improved profitability [6]