南财智讯2月11日电，纳睿雷达公告，本次上市流通的限售股总数为208.72万股，占公司目前股份总数 的比例为0.69%，限售期为自公司股票上市之日起36个月，上市流通日期为2026年3月2日。 ...

纳睿雷达公告称，本次上市流通的限售股为首次公开发行部分限售股，涉及股东为珠海纳睿达成管理咨 询合伙企业（有限合伙），数量为2,087,165股，占公司目前总股本的比例为0.69%，限售期36个月。该 部分限售股将于2026年3月2日起上市流通（因2026年3月1日为非交易日，故顺延至下一交易日）。自上 市以来，公司分别于2024年、2025年实施资本公积金转增股本，截至公告披露日，公司总股本为 302,995,606股。保荐人对本次限售股上市流通事项无异议。 ...

Core Insights - The active phased array radar (APAR) is a cornerstone of national defense and a key infrastructure for the digital economy, featuring advantages such as non-inertial scanning and multi-target tracking [1][2] - China's policies are promoting the technological iteration and civilian application of APAR, accelerating its penetration into the civilian economy [1][5] - The industry is characterized by a foundation in military applications, explosive growth in civilian markets, and leading technology, with the market expected to reach approximately 43.5 billion yuan by 2025 [1][5] Industry Overview - Active phased array radar (AESA) utilizes independent T/R components for each antenna unit, allowing for flexible beam steering and high data rates, overcoming the limitations of traditional mechanical scanning radars [2][3] - The classification of AESA includes analog, digital, and software-defined types, with applications spanning military and civilian sectors [3][4] Policy Environment - Recent policies in China, such as the "General Aviation Equipment Innovation Application Implementation Plan (2024-2030)" and others, support the development of APAR technology and its integration into civilian applications [5] - These policies aim to enhance core technology, expand application scenarios, and foster collaboration between academia and industry, facilitating the transition from military to civilian use [5] Current Industry Status - The APAR industry in China is in a golden development phase, characterized by technological independence, accelerated military-civilian integration, and steady market expansion [5][6] - The military market is expected to reach 44.8 billion yuan by 2030, with a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030, while the civilian market is projected to reach 36.7 billion yuan with a CAGR of 21.5% [5][6] Industry Chain - The APAR industry has established a complete upstream, midstream, and downstream ecosystem, with significant domestic production capabilities [6] - Upstream focuses on core materials like GaN and GaAs, while midstream involves system integration and manufacturing led by state-owned enterprises [6] Development Trends - Future advancements in the APAR industry will focus on technological iteration, industrial upgrades, and application expansion, fostering a positive development environment [11][12] - Key trends include the widespread adoption of GaN materials, the integration of AI in radar technology, and the expansion of application scenarios in both military and civilian sectors [11][12][13]

证券之星消息，2月3日军工电子板块较上一交易日上涨3.85%，泰豪科技领涨。当日上证指数报收于 4067.74，上涨1.29%。深证成指报收于14127.1，上涨2.19%。军工电子板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600590 | 泰家科技 | 11.62 | 10.04% | 34.44万 | | 4.00亿 | | 000547 | 航大发展 | 32.38 | 9.99% | 446.84万 | | 138.72亿 | | 688522 | 纳睿雷达 | 43.17 | 8.74% | 10.62万 | | 4.48亿 | | 002413 | 雷科防务 | 14.36 | 7.40% | 264.12万 | | 37.05亿 | | 688011 | 新光光电 | 68.23 | 6.83% | 2.35万 | | 1.57亿 | | 300447 | 全信股份 | 20.19 | 6.38% | 22.89万 | | 4.54亿 | ...

Performance Forecast - The company expects to achieve an operating revenue of approximately 460.12 million yuan for the year 2025, representing an increase of about 114.85 million yuan or a year-on-year growth of 33.26% [1] - The projected net profit attributable to the parent company for 2025 is approximately 118.12 million yuan, which is an increase of about 41.50 million yuan or a year-on-year growth of 54.16% [1] - The estimated net profit attributable to the parent company after deducting non-recurring gains and losses is around 107.56 million yuan, reflecting an increase of about 21.87 million yuan or a year-on-year growth of 25.52% [1] Previous Year Performance - In 2024, the company achieved an operating revenue of 345.28 million yuan, with a total profit of 78.33 million yuan [1] - The net profit attributable to the parent company for 2024 was 76.61 million yuan, and the net profit after deducting non-recurring gains and losses was 85.69 million yuan [1] - The basic/diluted earnings per share for 2024 were 0.35 yuan per share [1] Reasons for Performance Change - The company has gained recognition from clients in various fields due to its product technology and brand advantages, leading to a significant increase in the contract amount for new water and rain radar projects [2] - The acceleration of confirming existing orders has contributed to substantial growth in operating revenue, maintaining rapid performance growth and significantly enhancing profitability [2]

Group 1 - Guangdong Mingzhu expects a net profit increase of 2908.49%-3577.04% year-on-year for 2025 [1] - Sainuo Medical anticipates a net profit growth of 2767%-3233% year-on-year for 2025 [1] - Lingdian Electric Control forecasts a net profit rise of 640.16%-804.64% year-on-year for 2025 [1] - Bojie Co. predicts a net profit increase of 484.16%-618.97% year-on-year for 2025 [1] - Kexing Pharmaceutical expects a net profit growth of 328.83%-455.89% year-on-year for 2025 [1] - Xiangcai Co. anticipates a net profit increase of 266.41%-403.81% year-on-year for 2025 [1] - Xinyi Sheng forecasts a net profit rise of 231.24%-248.86% year-on-year for 2025 [1] - Tongzhou Electronics predicts a net profit increase of 151.40%-230.42% year-on-year for 2025 [1] - Zhaofeng Co. expects a net profit growth of 136.26%-164.89% year-on-year for 2025 [1] - Kaige Precision Machinery anticipates a net profit increase of 133.99%-193.55% year-on-year for 2025 [1] - Sankeshu forecasts a net profit rise of 128.96%-189.21% year-on-year for 2025 [1] - Huazi Industrial expects a net profit growth of 128.00%-167.00% year-on-year for 2025 [1] - Zhite New Materials anticipates a net profit increase of 117.11%-171.39% year-on-year for 2025 [1] - Ecovacs expects a net profit growth of 110.90%-123.30% year-on-year for 2025 [1] - Jingquan Hua forecasts a net profit increase of 109.32%-140.72% year-on-year for 2025 [1] - Guoxuan High-Tech anticipates a net profit rise of 107.16%-148.59% year-on-year for 2025 [1] - Changjiang Securities expects a net profit growth of 101.37% year-on-year for 2025 [1] - Shanwaishan forecasts a net profit increase of 98%-125% year-on-year for 2025 [1] - Zhongji Xuchuang anticipates a net profit rise of 89.50%-128.17% year-on-year for 2025 [1] - Huachuang Yuxin expects a net profit growth of 86%-175% year-on-year for 2025 [1] - Kori Technology forecasts a net profit increase of 68.61%-115.25% year-on-year for 2025 [1] - Western Gold anticipates a net profit rise of 67.58%-93.21% year-on-year for 2025 [1] - Shandong Gold expects a net profit growth of 56%-66% year-on-year for 2025 [1] - Huaxi Biological anticipates a net profit increase of 54.93%-83.63% year-on-year for 2025 [1] - Nairui Radar expects a net profit growth of approximately 54.16% year-on-year for 2025 [1] - Lingyun Optical anticipates a net profit rise of approximately 50.75% year-on-year for 2025 [1] - Zhongjin Company expects a net profit increase of 50%-85% year-on-year for 2025 [1] - Dongwu Securities forecasts a net profit growth of 45%-55% year-on-year for 2025 [1] - Longping High-Tech anticipates a net profit increase of 14.17%-66.86% year-on-year for 2025 [1] Group 2 - Jiangfeng Electronics expects a net profit increase of 7.5%-27.5% year-on-year for 2025 [2]

Core Viewpoint - Narui Radar (688522.SH) forecasts a net profit attributable to shareholders of approximately 118.12 million yuan for the year 2025, representing an increase of about 41.50 million yuan compared to the previous year, which translates to a year-on-year growth of approximately 54.16% [1] Group 1 - The company has gained recognition from clients across various fields due to its product technology and brand advantages [1] - The contract amount for newly signed hydrological radar projects has significantly increased [1] - The acceleration of confirming existing orders has contributed to substantial revenue growth, allowing the company to maintain rapid performance growth and significantly enhance profitability [1]

Core Viewpoint - Narui Radar (688522.SH) forecasts a net profit attributable to shareholders of approximately 118.12 million yuan for the year 2025, representing an increase of about 41.50 million yuan compared to the previous year, which is a year-on-year growth of approximately 54.16% [1] Group 1: Financial Performance - The company expects a significant increase in net profit for 2025, with a projected amount of 118.12 million yuan, marking a growth of 41.50 million yuan from the previous year [1] - The anticipated year-on-year growth rate of 54.16% indicates strong financial performance and profitability improvement [1] Group 2: Business Development - The company has gained recognition from clients across various sectors due to its product technology and brand advantages [1] - There has been a substantial increase in the contract amount for new water conservancy and rain radar projects, contributing to the growth in revenue [1] - The acceleration in the confirmation of existing orders has further driven significant revenue growth, allowing the company to maintain rapid performance growth and enhance profitability [1]

Core Viewpoint - The company, Narui Radar (688522.SH), expects significant growth in revenue and net profit for the fiscal year 2025, driven by strong demand and successful contract acquisitions in various sectors [1] Financial Performance - The company anticipates achieving approximately 460 million yuan in operating revenue for 2025, representing an increase of about 115 million yuan, or a year-on-year growth of approximately 33.26% [1] - The projected net profit attributable to the parent company is around 118 million yuan, which is an increase of approximately 41.5 million yuan, reflecting a year-on-year growth of about 54.16% [1] - The expected net profit attributable to the parent company after deducting non-recurring gains and losses is estimated at around 108 million yuan, indicating an increase of approximately 21.9 million yuan, or a year-on-year growth of about 25.52% [1] Growth Drivers - The primary reasons for the performance changes include the company's advantages in product technology and brand recognition, which have led to increased acceptance among clients across different fields [1] - There has been a significant increase in the contract amount for new water conservancy and rain radar projects, contributing to the substantial growth in operating revenue [1] - The acceleration in the confirmation and realization of existing orders has further propelled the company's rapid revenue growth and enhanced profitability [1]

本期业绩变化的主要原因：报告期内，公司凭借产品技术、品牌等优势，获得不同领域客户认可，公司 新签水利测雨雷达合同金额大幅增长；存量订单加速确认落地，促使营业收入大幅增长，继续保持业绩 快速增长，盈利能力显著提升。 格隆汇1月30日丨纳睿雷达(688522.SH)公布，经财务部门初步测算，公司预计2025年度实现营业收入 4.60亿元左右，与上年同期相比，将增加1.15亿元左右，同比增长33.26%左右。预计2025年度实现归属 于母公司所有者的净利润1.18亿元左右，与上年同期相比，将增加4149.82万元左右，同比增长54.16% 左右。预计2025年度实现归属于母公司所有者的扣除非经常性损益的净利润1.08亿元左右，与上年同期 相比，将增加2186.97万元左右，同比增长25.52%左右。 ...