证券代码：688522 证券简称：纳睿雷达 公告编号：2025-068 号 广东纳睿雷达科技股份有限公司 第二届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 广东纳睿雷达科技股份有限公司（以下简称"公司"）董事会于 2025 年 10 月 21 日以书面形式发出会议通知，于 2025 年 10 月 27 日在公司会议室以现场结合通讯方 式召开会议并作出本董事会决议。本次会议由公司董事长包晓军先生召集并主持，会 议应出席董事 5 名，实际出席董事 5 名。本次会议召开符合《中华人民共和国公司法》 《中华人民共和国证券法》等法律、法规、规范性文件和《广东纳睿雷达科技股份有 限公司章程》《广东纳睿雷达科技股份有限公司董事会议事规则》的有关规定，会议 决议合法、有效。 二、董事会会议审议情况 （一） 审议并通过了《关于<2025 年第三季度报告>的议案》 议案表决情况：有效表决票 5 票，同意 5 票，反对 0 票，弃权 0 票。 本议案已经公司第二届董事会审计委员会第九次会议审议 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥99,124,570.10, an increase of 56.28% compared to the same period last year[3] - The total profit for the year-to-date period increased by 236.64% to ¥75,144,334.02, driven by accelerated recognition of existing orders[8] - The net profit attributable to shareholders for the year-to-date period was ¥73,156,729.15, reflecting an increase of 181.28% year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached ¥254,019,855.33, a significant increase of 86.5% compared to ¥136,204,551.59 in the same period of 2024[16] - Operating profit for the first three quarters of 2025 was ¥75,314,145.36, up from ¥29,028,176.64 in the previous year, reflecting a growth of 159.5%[17] - Net profit for the first three quarters of 2025 amounted to ¥73,156,729.15, compared to ¥26,008,690.89 in 2024, representing an increase of 181.5%[18] - Earnings per share for the first three quarters of 2025 were ¥0.24, compared to ¥0.09 in the same period of 2024, indicating a growth of 166.7%[18] Research and Development - Research and development expenses for Q3 2025 totaled ¥24,914,548.82, representing 25.13% of operating revenue, a decrease of 1.73 percentage points from the previous year[4] - Research and development expenses for the first three quarters of 2025 were ¥69,691,792.67, up from ¥53,745,308.87 in 2024, reflecting a growth of 29.6%[16] Assets and Liabilities - The total assets of the company increased by 5.42% to ¥2,630,881,726.62 compared to the end of the previous year[4] - As of September 30, 2025, the company's total assets amounted to ¥2,630,881,726.62, an increase from ¥2,495,661,675.70 as of December 31, 2024, reflecting a growth of approximately 5.4%[13] - The total current assets increased slightly to ¥2,238,437,547.81 from ¥2,224,014,017.34, indicating a growth of approximately 0.6%[14] - The company's fixed assets rose to ¥113,041,384.23 from ¥106,450,847.48, reflecting a growth of about 6.2%[14] - The company's non-current assets totaled ¥392,444,178.81, up from ¥271,647,658.36, indicating a significant increase of approximately 44.4%[14] - The total liabilities increased to ¥1,200,000,000, reflecting a growth of approximately 10% compared to the previous period[12] - Total liabilities increased to ¥357,001,386.83 in 2025 from ¥261,484,164.23 in 2024, showing a rise of 36.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,405[10] - The largest shareholder, Zhuhai Jiazhongtong Technology Co., Ltd., holds 41.59% of the shares[10] - The company reported a total of 1,478,000 shares held by major shareholder 郝蕾, indicating a stable ownership structure[12] Cash Flow - Cash inflow from operating activities totaled ¥409,370,442.63 in the first three quarters of 2025, compared to ¥270,862,328.58 in 2024, marking an increase of 51.3%[19] - The net cash flow from operating activities was $77,022,292.13, a significant improvement compared to a net outflow of $20,791,993.90 in the previous period[20] - Cash inflow from investment activities totaled $2,009,434,385.28, compared to $251,207,356.18 in the prior period, indicating a substantial increase[20] - The net cash flow from investment activities was $31,722,433.92, recovering from a net outflow of $239,555,583.51 previously[20] - Cash outflow from financing activities was $39,257,258.91, a decrease from $71,845,789.13 in the previous period[20] - Total cash outflows from operating activities amounted to $332,348,150.50, compared to $291,654,322.48 previously[20] Other Information - The company is actively exploring new strategies for market expansion and product development, although specific figures were not disclosed in the call[12] - The company will not apply new accounting standards starting from 2025[22]

证券代码：688522 证券简称：纳睿雷达 公告编号：2025-069 号 广东纳睿雷达科技股份有限公司 关于使用部分暂时闲置自有资金进行现金管理的公告 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。 重要内容提示： 基本情况 | 投资金额 | 不超过 6 亿元 | | --- | --- | | 投资种类 | 安全性高、流动性好的投资产品，包括但不限于协定性存款、结构 | | | 性存款、定期存款、通知存款、大额存单等 | | 资金来源 | 自有资金 | 已履行及拟履行的审议程序 广东纳睿雷达科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开第二届董事会第十二次会议，审议通过了《关于使用部分暂时闲置自有资 金进行现金管理的议案》，同意公司及子公司使用不超过人民币 6 亿元（含）的 暂时闲置自有资金进行现金管理，用于购买安全性高、流动性好的投资产品（包 括但不限于协定性存款、结构性存款、定期存款、通知存款、大额存单等），有 效期自本次董事会审议通过之日起 12 个月内有效，上述额度在期限范围内可循 环 ...

关于 2025 年前三季度计提资产减值准备的公告 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"）于 2025 年 10 月 27 日召开公 司第二届董事会第十二次会议，审议通过了《关于 2025 年前三季度计提资产减值准 备的议案》，该事项无需提交公司股东会审议。现将相关情况公告如下： 一、本次计提资产减值准备情况概述 根据《企业会计准则》及相关会计政策的规定，为客观、公允地反映公司截至 2025 年 9 月 30 日的财务状况及 2025 年前三季度的经营成果，本着谨慎性原则，公司对截 至 2025 年 9 月 30 日公司及子公司的资产进行了减值测试，对可能发生资产减值损失 的相关资产计提减值准备。公司 2025 年前三季度计提各项资产减值准备合计 15,945,240.41 元，具体情况如下表所示： 证券代码：688522 证券简称：纳睿雷达 公告编号：2025-070 号 广东纳睿雷达科技股份有限公司 1 单位：人民币元 | 项目 | 本期发生额 | 备注 | | -- ...

Group 1 - China's reusable rocket technology is making significant breakthroughs, with the successful static fire test of the Zhuque-3 rocket, which is designed for large satellite constellation networking [1] - The Zhuque-3 rocket is a large-capacity, low-cost, reusable liquid launch vehicle made from stainless steel, indicating advancements in material use for space technology [1] - The country aims to enhance its reusable rocket capabilities, with multiple rockets, including Zhuque-3 and Tianlong-3, set for maiden flights or tests this year [1] Group 2 - The commercial space industry in China is entering a recovery phase, with a projected increase in rocket launch demand due to the "Hundred Arrows, Thousand Stars" plan, which anticipates nearly 2,500 satellite launches by 2035 [2] - The industry is experiencing a policy boost, with Shandong province aiming for an annual production capacity of 100 rockets and 150 commercial satellites by 2027, targeting a market size of 50 billion yuan [1] Group 3 - A total of 67 stocks in the A-share market are involved in the commercial space industry, with 16 stocks receiving ratings from five or more institutions, indicating strong institutional interest [3] - Companies like Zhimin Da and Narui Radar are expected to see significant profit growth, with projected increases in net profit exceeding 100% for several firms [3][4] - Dragonfly Co. has seen a remarkable increase in northbound capital holdings, with a 1,085.7% increase in shares held, reflecting strong investor interest in the commercial aerospace sector [5][6]

Core Insights - A total of 123 companies have announced their performance forecasts for the first three quarters, with 96 companies expecting profit increases, representing 78.05% of the total [1] - The overall proportion of companies reporting positive forecasts is 85.37%, with 9 companies expecting profits and 11 and 3 companies forecasting profit declines and losses, respectively [1] - Among the companies expecting profit increases, 44 are projected to have net profit growth exceeding 100%, while 41 companies are expected to see growth between 50% and 100% [1] Company Performance - Xinda Co. is expected to have the highest net profit growth, with a median increase of 3009.81% for the first three quarters [2] - Chuangjiang New Material and Shuo Bei De are projected to have median net profit growth of 2150.09% and 1285.82%, ranking second and third, respectively [2] - The average increase in stock prices for companies expected to double their profits since July is 25.57%, outperforming the Shanghai Composite Index [2] Industry Insights - The sectors with the most companies expecting profit increases include electronics, basic chemicals, and non-ferrous metals, with 10, 7, and 5 companies, respectively [1] - The main board, ChiNext, and STAR Market have 28, 8, and 8 companies, respectively, that are expected to double their profits [1] Stock Performance - Among the stocks, Northern Rare Earth has seen the largest increase since July, with a cumulative rise of 99.80% [2] - In terms of capital flow, the stocks with significant net inflows in the past five days include Shengyi Electronics, Yahua Group, and Guangdong Mingzhu, with net inflows of 189.65 million, 105.79 million, and 66.45 million, respectively [2] - Conversely, Northern Rare Earth, Shenghe Resources, and Chuangjiang New Material experienced significant net outflows, with amounts of 2478.92 million, 881.76 million, and 771.45 million, respectively [2]

Core Insights - The "2025 International Low Altitude Economic Trade Expo (Guangzhou) / 8th Global Unmanned Systems Conference (GUSC2025)" is scheduled to take place from December 12 to 14, 2025, in Guangzhou, focusing on the theme "Innovate Low Altitude, Service Trade Globally" [1][2] Group 1: Event Overview - The expo will utilize a variety of formats including dynamic and static displays, exhibitions and conferences, as well as indoor and outdoor settings, covering six major topics: meetings, exhibitions, performances, introductions, investments, and trade [1] - The event aims to leverage Guangzhou's position as an international transportation hub and trade gateway, focusing on five core areas: domestic and international low altitude economic policies, industry development trends, core technology innovations, standard alignment, and practical applications [1] Group 2: Highlights and Participation - The expo will feature a 60,000 square meter exhibition area, with 80% of the exhibition space already secured, and is expected to attract over 600 industry chain enterprises and more than 50,000 domestic and international attendees from over 50 countries and regions [3] - Key highlights include over 20 professional forums and seminars, the awarding of the "Golden Wing Award" to set industry benchmarks, and the introduction of an innovative trade service model termed "1+5+N" [2][3] - Notable participating companies include EHang, Xpeng, DJI, and many other leading firms in the low altitude economy sector [3]

Core Viewpoint - Guangdong Narui Radar Technology Co., Ltd. anticipates significant growth in revenue and net profit for the first three quarters of 2025 compared to the same period in 2024, driven by increased customer recognition and a surge in new contracts [2][5]. Performance Forecast - The company expects to achieve approximately 254.02 million yuan in revenue for the first three quarters of 2025, an increase of about 117.82 million yuan, representing a year-on-year growth of approximately 86% [2]. - The projected net profit attributable to the parent company for the same period is around 73.15 million yuan, an increase of about 47.14 million yuan, reflecting a year-on-year increase of approximately 181% [2]. - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be about 66.76 million yuan, an increase of approximately 37.10 million yuan, which corresponds to a year-on-year growth of around 125% [2]. Previous Year Performance - In the first three quarters of 2024, the company reported revenue of 136.20 million yuan [4]. - The net profit attributable to the parent company for the same period was 26.01 million yuan [4]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was 29.66 million yuan [4]. Reasons for Performance Change - The company's performance improvement is attributed to its product technology and brand advantages, which have led to increased recognition from clients across various sectors. The significant growth in new contracts for hydrological radar and the acceleration of existing orders have contributed to the substantial increase in revenue and enhanced profitability [5].

Group 1 - The defense and military industry sector is experiencing a strong performance, with the core Defense and Military ETF (512810) rising by 1.47% [1] - There has been significant capital inflow into the Defense and Military ETF, with an increase of 77.72 million yuan in a single day, marking seven consecutive days of accumulation totaling over 150 million yuan [1] - The third-quarter earnings forecasts for the five constituent stocks of the Defense and Military ETF indicate collective growth, with Chujiang New Materials expected to see a net profit increase of over 22 times year-on-year [3][4] Group 2 - The earnings forecasts for the constituent stocks show substantial increases, with China Shipbuilding and Zongshen Power projecting net profit growth rates exceeding 100% [3][4] - The defense and military industry is anticipated to enter a new growth cycle, driven by the focus on next-generation equipment and the rapid expansion of information and intelligent systems [4] - The changing landscape of the Middle East arms trade is expected to expand China's potential demand, alongside the expectations from the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" [4] Group 3 - The Defense and Military ETF (512810) serves as an efficient tool for investing in core assets of the defense and military sector, covering various trending themes such as controlled nuclear fusion, commercial aerospace, and military AI [5]

Core Insights - A-share companies have reported significant profit growth for the third quarter, with notable increases in net profits for several firms, indicating a positive trend in the market [1][2]. Group 1: Company Performance - Dazhu CNC reported a 142.19% year-on-year increase in net profit for the first three quarters, with revenue reaching 39.02 billion yuan, a 66.53% increase [3][4]. - Jinyi Yongci achieved a net profit growth of 220.39% year-on-year, with revenue of 37.86 billion yuan, reflecting a 12.04% increase [4]. - Jinli Permanent Magnet's revenue for the first three quarters was 5.15 billion yuan, a 161.81% increase in net profit, driven by strong sales in the new energy vehicle sector [3][4]. - Keda Xunfei reported a net profit of 1.72 billion yuan for the third quarter, marking a 202.4% increase year-on-year, despite an overall loss for the first three quarters [5]. Group 2: Market Trends - The demand for high-technology equipment in the AI PCB market is increasing, leading to a rise in sales for companies like Dazhu CNC [4]. - The price of third-generation refrigerants has risen, contributing to increased profit margins for Yonghe Shares [4]. - The overall shipbuilding industry is experiencing a positive development trend, with China Shipbuilding expecting a net profit increase of 104.30% to 126.39% year-on-year [6][7]. Group 3: Strategic Partnerships - Ningde Times has entered into strategic partnerships with JD Group and Dongfeng Commercial Vehicle to enhance collaboration in electric vehicle technology and supply chain management [9][10].