证券代码：688522 证券简称：纳睿雷达 公告编号：2025-008 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"）拟通过发行股份及支付 现金的方式购买天津希格玛微电子技术有限公司的100%股权同时募集配套资金 （以下简称"本次交易"）。 2025年1月21日，公司召开第二届董事会第八次会议和第二届监事会第七次 会议，审议通过了本次交易相关议案。具体内容详见公司同日刊登在上海证券交 易所网站（www.sse.com.cn）的《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预案》等相关公告。 根据《上市公司重大资产重组管理办法》《上市公司证券发行注册管理办法》 《上市公司监管指引第9号——上市公司筹划和实施重大资产重组的监管要求》 等相关法律、法规和规范性文件的要求，本次交易尚需上海证券交易所审核通过 及中国证券监督管理委员会同意注册，且本次交易的审计、评估等工作尚未完成， 公司董事会决定暂不召开股东大会审议本次交易相关事项。待相关审计、评估等 工作 ...

证券代码：688522 证券简称：纳睿雷达 公告编号：2025-004 号 广东纳睿雷达科技股份有限公司 第二届董事会第八次会议决议公告 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。 广东纳睿雷达科技股份有限公司（以下简称"公司"或"上市公司"）董事会于 2025 年 1 月 15 日以书面形式发出会议通知，于 2025 年 1 月 21 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》（以下简称"《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。董事会会议审议情况具体 如下： 一、审议并通过了《关于公司本次发行股份及支付现金购买资产并募集配套资金 符合相关法律法规规定条件的议案》 议案表决情况：有效表决票 5 票，同意 5 票，反对 0 票，弃权 ...

广东纳睿雷达科技股份有限公司 第二届董事会独立董事专门会议第一次会议决议 1 二、逐项审议通过《关于公司本次发行股份及支付现金购买资产并募集配套资金 方案的议案》 经审议，我们认为：公司本次发行股份及支付现金购买资产并募集配套资金方案 的制定符合公司的实际情况，具备可行性和可操作性。该方案的实施有利于公司主营 业务的发展，提升市场竞争力，增强持续经营能力，未损害中小股东的利益。我们一 致同意将该议案提交公司第二届董事会第八次会议审议。 广东纳睿雷达科技股份有限公司（以下简称"公司"或"上市公司"）第二届董事 会独立董事专门会议第一次会议于 2025 年 1 月 15 日以书面形式发出会议通知，于 2025 年 1 月 20 日在公司会议室以现场结合通讯方式召开会议并作出本次独立董事专 门会议决议。本次会议由全体独立董事共同推举的陈坚先生召集和主持，会议应出席 独立董事 2 人，实际出席独立董事 2 人。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》《上市公司独立董事管理办法》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独立董 事工作制度》的 ...

广东纳睿雷达科技股份有限公司独立董事 关于第二届董事会第八次会议相关事项的独立意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司独立 董事管理办法》《上市公司重大资产重组管理办法》《上市公司证券发行注册管 理办法》及《上海证券交易所科创板股票上市规则》等法律、行政法规、规范性 文件及《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 司独立董事工作制度》的有关规定，我们作为广东纳睿雷达科技股份有限公司（以 下简称"公司"）的独立董事，本着对公司及全体股东负责的态度，基于独立、客 观、审慎的原则，现就公司第二届董事会第八次会议审议的相关事项发表如下独 立意见： 一、关于公司本次发行股份及支付现金购买资产并募集配套资金符合相关 法律法规规定条件的议案之独立意见 经审议，我们认为：根据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司重大资产重组管理办法》《上市公司证券发行注册管理办法》等 法律、法规、部门规章及规范性文件的有关规定，经对公司实际情况及相关事项 进行认真的自查论证后，我们认为公司本次发行股份及支付现金购买资产并募集 配套资金符合相关法律法规规定条件。我们一致 ...

证券代码：688522 证券简称：纳睿雷达 公告编号：2025-003 号 | 序号 | 股东名称 | 持股数量 | 占公司股份总 数的比例 | 股票种类 | | --- | --- | --- | --- | --- | | | | （股） | | | | | | | （%） | | | 3 | 刘素心 | 7,308,000 | 3.37 | 人民币普通股 | | 4 | 刘世良 | 7,308,000 | 3.37 | 人民币普通股 | | | 中国农业银行股份有限公司－长城 | | | | | 5 | 久嘉创新成长灵活配置混合型证券 | 3,000,000 | 1.39 | 人民币普通股 | | | 投资基金 | | | | | 6 | 珠海港湾科宏创业投资有限公司 | 2,386,208 | 1.10 | 人民币普通股 | | | 中信银行股份有限公司－永赢低碳 | | | | | 7 | 环保智选混合型发起式证券投资基 | 2,051,669 | 0.95 | 人民币普通股 | | | 金 | | | | | 8 | 蒋凤银 | 2,044,239 | 0.94 | 人民币普通股 | | 9 | ...

证券代码：688522 证券简称：纳睿雷达 公告编号：2025-007 号 广东纳睿雷达科技股份有限公司 关于本次发行股份及支付现金购买资产并募集配套资金 事项的风险提示公告 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、停牌情况与披露交易预案 广东纳睿雷达科技股份有限公司（以下简称"公司"）正在筹划以发行股份及支付 现金的方式购买天津希格玛微电子技术有限公司的 100%股权同时募集配套资金（以 下简称"本次交易"）。 鉴于本次交易尚存在不确定性，为了保证公平信息披露、维护投资者利益，避免 造成公司股价异常波动，经向上海证券交易所申请，公司股票（股票简称：纳睿雷达， 证券代码：688522）自 2025 年 1 月 8 日（星期三）开市起停牌，具体内容详见公司 分别于 2025 年 1 月 8 日、2025 年 1 月 15 日在上海证券交易所网站（www.sse.com.cn） 及指定媒体披露的《广东纳睿雷达科技股份有限公司关于筹划发行股份及支付现金购 买资产并募集配套资金事项的停牌公告》（公告编号：2025-001 ...

Company and Industry Summary Company Overview - The company focuses on global multi-functional active phased array radar technology, with self-developed capabilities across various components from front-end video to signal processing and data fusion [1][2][3]. Core Points and Arguments - The company emphasizes the importance of developing products at the chip level, specifically through the use of Application-Specific Integrated Circuits (ASICs), to enhance product performance and reduce costs [1][4][16]. - The strategy includes acquiring companies with strong capabilities in ASIC design to accelerate product updates and iterations, as building such capabilities in-house would take significantly longer [2][3][4]. - The company has identified a strong potential in the ASIC market, particularly in specialized integrated circuits, which can significantly enhance the efficiency and cost-effectiveness of new product launches [3][4][16]. - The company plans to expand its radar applications beyond current scenarios, targeting new fields such as low-altitude radar systems, which are expected to gain traction as costs decrease [6][19][20]. Financial Health and Market Outlook - The target company for acquisition is reported to have a healthy financial status, with strong revenue, profit, cash flow, and gross margin levels [8]. - The company is optimistic about its revenue outlook for 2025, driven by government investments in disaster prevention and agricultural water conservancy projects [9][24]. - The company anticipates that the demand for low-altitude radar will grow significantly, with ongoing projects and collaborations indicating a positive market trend [19][20]. Competitive Landscape - The company acknowledges that while it currently holds a competitive edge in specific applications (e.g., meteorological and hydrological radar), the radar market is vast and includes various other applications such as vehicle-mounted and airborne systems [5][6]. - The company aims to leverage its cost advantages and technological innovations to compete effectively in broader radar markets, including military applications [10][16][31]. Technological Integration and Future Directions - The integration of optical and radar technologies is seen as a significant trend, with potential applications in various observation scenarios [29]. - The company is focused on enhancing its product offerings through technological advancements, particularly in chip-level innovations, to maintain a competitive edge in performance and cost [26][31]. - The company is exploring opportunities to enter new markets and applications, including low-altitude economic radar, which is expected to have a wide range of applications and demand [20][32]. Additional Insights - The company is committed to maintaining a strong cash position to support future R&D investments and strategic initiatives [33]. - The radar market's growth potential is underscored by the low current penetration rates of civil radar systems in China, indicating significant room for expansion [16][24].

Group 1: Company Overview - The company introduced its basic situation, core products, market expansion, and development strategy during the investor relations activity [2] - The company is a pioneer in the industrialization of dual-polarization active phased array radar technology, primarily producing X-band dual-polarization radar and related software and hardware products [4] Group 2: Product Showcase at Zhuhai Airshow - The company showcased five multifunctional active phased array radars at the 15th China Airshow from November 12 to 17, 2024, including Ku-band dual-polarization radar and mobile emergency command vehicles [2][3] - Participation in the airshow aims to enhance brand influence and provide a platform for potential customers to understand the company [3] Group 3: Market Potential and Trends - The low-altitude economy is identified as a new industry with significant development potential, with the company planning to expand its applications in various fields [3] - The company holds a positive outlook on the market space for meteorological detection and water conservancy sectors over the next 2-3 years, driven by national policies on disaster prevention and reduction [6][7] Group 4: Financial Performance and Order Trends - The company has signed numerous contracts this year, but revenue recognition is contingent upon the completion of specific project milestones, which may affect the fourth-quarter performance [8] - The company’s research and development personnel accounted for 47.35% of the total workforce as of June 30, 2024, indicating a stable talent retention strategy [7] Group 5: Competitive Advantages - The company’s products benefit from a unique dual-polarization technology that allows for lower costs and improved detection capabilities, enhancing market competitiveness [5] - The company is actively expanding its market share in meteorological and water conservancy sectors, leveraging its technological advantages [4][6]

Financial Performance - In Q3 2024, the company achieved a revenue of ¥63,427,875.62, representing a year-on-year growth of 53.45% [2] - The net profit attributable to shareholders was ¥20,119,543.61, with a year-on-year increase of 45.11% [2] - The net profit after deducting non-recurring gains and losses was ¥20,089,838.22, reflecting a growth of 48.20% year-on-year [2] Contract and Delivery Status - As of September 30, 2024, the company signed new contracts worth approximately ¥673,186,300, indicating optimistic bidding results for the year [2][8] - Product deliveries are executed according to actual contracts and customer requirements [2][8] Revenue Sources - The primary revenue sources for the first three quarters of 2024 include sales of meteorological radar products, hydrological rain radar products, and some technical service income [3] R&D Investment - R&D investment for the first three quarters of 2024 amounted to ¥53,745,300, accounting for 39.46% of revenue [4] - The company plans to maintain a high level of R&D investment to enhance core competitiveness and innovate technology [4] Dividend Policy - The company aims to adopt a stable and sustainable dividend policy, considering business strategy and actual operating conditions [4] Market Expansion and Product Development - The company has made breakthroughs in the water conservancy market, with expectations for significant market space due to relevant policies [6] - In the air traffic management sector, the company has signed cooperation agreements with multiple air traffic control bureaus, and products are in the market promotion phase [6] Accounts Receivable Management - The company emphasizes accounts receivable management, with expectations of no significant risks in collection due to the good credit status of government clients [7] Future Outlook - The company maintains an optimistic outlook for the meteorological radar industry, anticipating sustained demand and development [8] - Plans to expand into overseas markets, starting with Hong Kong, are underway, with a focus on applying mature products [10]

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company is entering a performance realization phase, with significant growth in sales driving revenue increases. The total revenue for the first three quarters of 2024 reached 136 million yuan, a year-on-year increase of 20.00%, while the net profit attributable to the parent company was 26.01 million yuan, a year-on-year decrease of 21.75%. The third quarter of 2024 saw a total revenue of 63 million yuan, a substantial year-on-year increase of 53.45%, and a net profit of 20 million yuan, up 45.11% year-on-year. The company is expected to continue improving its performance due to sufficient orders on hand and accelerated payment collection from local governments [1][2][3] Summary by Sections Financial Performance - The company achieved total revenue of 1.36 billion yuan in the first three quarters of 2024, up 20.00% year-on-year. The net profit attributable to the parent company was 26.01 million yuan, down 21.75% year-on-year. The third quarter revenue was 63 million yuan, a 53.45% increase year-on-year, with net profit at 20 million yuan, a 45.11% increase year-on-year [1][2] Product Development - The company has made significant advancements in low-altitude radar technology, launching the TDKFT0104 Ku-band dual-polarization active phased array radar. This radar is capable of detecting and tracking low-altitude targets such as birds and drones within a 5-kilometer range and provides high-resolution three-dimensional low-altitude micro-meteorological information within 30 kilometers. The radar's applications include traffic management, border protection, and airspace management, with potential for further use in coastal monitoring and airport bird control [2][3] Market Position - The company is well-positioned in the rapidly developing low-altitude economy, actively participating in market opportunities as the chairman of the Zhuhai High-tech Zone Low-altitude Economy Industry Alliance. The company is also developing millimeter-wave radar technology for applications in drones and autonomous driving [2][3] Earnings Forecast - The company’s earnings are expected to align with projections, with net profits forecasted at 230 million yuan, 430 million yuan, and 528 million yuan for 2024, 2025, and 2026 respectively, corresponding to P/E ratios of 54, 29, and 24 times [3]