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]

[Current Period Performance Forecast](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company projects significant growth in 2025 first-half performance, with revenue increasing to approximately **155 million yuan** and net profit to **56.55 million yuan** - The performance forecast covers the period from January 1, 2025, to June 30, 2025[2](index=2&type=chunk) - This performance forecast data represents preliminary calculations by the financial department and has not been audited by a certified public accountant[2](index=2&type=chunk) Key Performance Forecast Data for H1 2025 | Indicator | H1 2025 Forecast | H1 2024 Actual | Year-over-Year Growth | | :--- | :--- | :--- | :--- | | **Operating Revenue** | Approx. 154.89 million yuan | 72.78 million yuan | Approx. 113% | | **Net Profit Attributable to Parent Company Shareholders** | Approx. 56.55 million yuan | 5.89 million yuan | Approx. 860% | | **Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Items** | Approx. 53.50 million yuan | 9.57 million yuan | Approx. 459% | [Prior Period Performance Review](index=1&type=section&id=Item%202.%20Prior%20Period%20Performance%20and%20Financial%20Status) The company's 2024 first-half performance included **72.78 million yuan** in revenue, **5.89 million yuan** in net profit, and **0.02 yuan** in basic earnings per share H1 2024 Performance Review | Indicator | Amount | | :--- | :--- | | **Operating Revenue** | 72.78 million yuan | | **Total Profit** | 1.22 million yuan | | **Net Profit Attributable to Parent Company Shareholders** | 5.89 million yuan | | **Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Items** | 9.57 million yuan | | **Basic/Diluted Earnings Per Share** | 0.02 yuan/share | [Performance Growth Drivers](index=1&type=section&id=Item%203.%20Key%20Reasons%20for%20Current%20Period%20Performance%20Change) Significant performance growth is attributed to product technology and brand advantages, leading to increased hydrological radar contracts and accelerated revenue recognition - The company has gained recognition from customers across various sectors due to its product technology and brand advantages[4](index=4&type=chunk) - The core growth driver is the substantial increase in new contract values for hydrological rainfall radar[4](index=4&type=chunk) - Accelerated recognition and fulfillment of existing orders also significantly contributed to the substantial increase in operating revenue[4](index=4&type=chunk) - Combining these factors, the company's performance maintained rapid growth, with a significant improvement in profitability[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=Item%204.%20Risk%20Warning) This performance forecast is a preliminary, unaudited financial department calculation, with no significant uncertainties identified as of the announcement date - The performance forecast data represents preliminary calculations by the company's financial department and has not been audited by a certified public accountant[6](index=6&type=chunk) - As of the announcement date, the company has not identified any significant uncertainties affecting the accuracy of this performance forecast[6](index=6&type=chunk) [Other Explanations](index=2&type=section&id=Item%205.%20Other%20Explanations) Investors are reminded that forecast data is preliminary, with final figures subject to the 2025 semi-annual report, and to note investment risks - The final accurate financial data will be released in the company's officially disclosed 2025 semi-annual report[7](index=7&type=chunk) - Investors are advised to be aware of investment risks[7](index=7&type=chunk)

Core Viewpoint - Narui Radar (688522.SH) expects a significant increase in net profit for the first half of 2025, projecting approximately 56.55 million yuan, representing a year-on-year growth of 860% [1] Financial Performance - The company anticipates a revenue increase of 113% year-on-year during the reporting period [1] - The substantial growth in net profit and revenue is attributed to the company's product technology and brand advantages [1] Market Position - Narui Radar has gained recognition from clients across various sectors, leading to a notable increase in new contracts for hydrological measurement and rain radar [1] - The acceleration in confirming existing orders has contributed to the company's improved financial performance [1]

Investment Rating - The report maintains a "Recommended" investment rating for the low-altitude economy sector [7] Core Insights - The low-altitude economy market in China is projected to exceed 1 trillion yuan by 2026, with a compound annual growth rate of approximately 30% from a current size of 505.95 billion yuan in 2023, which represents a growth rate of 33.8% [1][37] - The low-altitude economy encompasses various sectors, including aircraft manufacturing and operational services, which account for 55% of the market, while supply chain, consumption, and transportation contribute 40% [1] - The Chinese drone industry is leading globally, with significant players like DJI and EHang, and the commercialization of eVTOL (electric Vertical Take-Off and Landing) is accelerating [1] Summary by Sections 1. Low-altitude Economy Emergence - The low-altitude economy integrates low-altitude flight activities with various industries, primarily involving drones, eVTOLs, and helicopters, operating below 1,000 meters [13] 2. Policy and Capital Driving Growth - The government has initiated a "safe and regulated development" strategy for the low-altitude economy, with significant investments and pilot projects across multiple cities [2] - In 2024, financing in the eVTOL sector exceeded 6.5 billion yuan, with various specialized funds being established to support the industry [2] 3. Technological Advancements and Application Scenarios - Key technologies in the sector include drones and eVTOLs, with ongoing innovations in automation and intelligence [3] - Core application areas are expanding to include logistics, urban transportation, and emergency rescue [3] 4. Regional Development Dynamics - The Yangtze River Delta, Pearl River Delta, and Chengdu-Chongqing regions are emerging as key players in the low-altitude economy, with cities like Shanghai and Shenzhen leading in infrastructure and regulatory frameworks [4] 5. Investment Recommendations - The report suggests focusing on companies involved in aviation batteries and core components, low-altitude security and air traffic management systems, eVTOL and drone manufacturing, and infrastructure development [5]

Group 1 - The company intends to acquire 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd. by issuing shares and paying cash to 12 counterparties, including Zhou Qifeng and Li Ying, while also raising supporting funds [1][2] - The Shanghai Stock Exchange has accepted the company's application for the issuance of shares to purchase assets and raise supporting funds, confirming that the application documents are complete and comply with legal requirements [1] - The transaction is subject to review by the Shanghai Stock Exchange and requires approval from the China Securities Regulatory Commission before implementation, indicating uncertainty regarding the approval process and timeline [2]

证券代码：688522 证券简称：纳睿雷达 公告编号：2025-051 号 广东纳睿雷达科技股份有限公司 关于发行股份及支付现金购买资产并募集配套资金申请 材料获得上海证券交易所受理的公告 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。 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"）。 2025 年 6 月 26 日，公司收到上海证券交易所（以下简称"上交所"）出具的《关 于受理广东纳睿雷达科技股份有限公司发行股份购买资产并募集配套资金申请的通 知》（上证科审（并购重组）〔2025〕18 号），上交所依据相关规定对公司报送的发行 股份购买资产并募集配套资金的申请文件进行了核对，认为申请文件齐备，符合法定 形式，决定予以受理并依法进行审核。 公司本次交易事项尚需经上交所审核，并获得中国证券监督管理委员会（以下简 称"中国证监会"）注 ...

广东精诚粤衡律师事务所 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的 法律意见书 二〇二五年六月 地址：广东省珠海市香洲区吉大情侣中路 47 号珠海怡景湾大酒店五层 邮政编码：519000 电话：0756-8893339 传真：0756-8893336 | 释义 4 | | --- | | 正文 7 | | 一、本次交易的方案 7 | | 二、本次交易涉及各方的主体资格 16 | | 三、本次交易的批准和授权 38 | | 四、本次交易的实质条件 39 | | 五、本次交易的主要协议 48 | | 六、本次交易的标的公司 48 | | 七、关联交易和同业竞争 62 | | 八、本次交易涉及的债权债务处理及员工安置 68 | | 九、本次交易的信息披露 69 | | 十、参与本次交易的证券服务机构的资格 70 | | 十一、上市公司内幕信息知情人登记制度的制定和执行情况 70 | | 十二、本所律师认为需要说明的其他事项 71 | | 十三、结论意见 75 | 广东纳睿雷达科技股份有限公司： 广东精诚粤衡律师事务所（以下简称"本所"）为在广东省司法厅注册设立并 依法执业的律师事 ...

中信证券股份有限公司 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 之 独立财务顾问报告 独立财务顾问 签署日期：二〇二五年六月 声 明 本声明所述词语或简称与本独立财务顾问报告"释义"所述词语或简称具 有相同含义。 中信证券受纳睿雷达的委托担任本次交易的独立财务顾问。根据《公司法》 《证券法》《重组管理办法》《发行管理办法》《26 号格式准则》《上市公司并购 重组财务顾问业务管理办法》等法律、法规的有关规定，按照证券行业公认的 业务标准、道德规范，本着诚实信用、勤勉尽责精神，遵循客观、公正的原则， 在认真审阅相关资料和充分了解本次交易行为的基础上，本独立财务顾问就本 次交易的相关事项出具本独立财务顾问报告。 本独立财务顾问声明如下： 1、本独立财务顾问与本次交易所涉及的交易各方不存在利害关系，就本次 交易发表意见是完全独立的； 2、本独立财务顾问报告所依据的文件、材料由本次交易的相关各方向本独 立财务顾问提供。相关各方已承诺在本次交易过程中所提供的信息真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏。本独立财务顾问不承担由 此引起的任何风险责任； 3、本独立财务顾 ...

证券代码：688522 证券简称：纳睿雷达 公告编号：2025-052 号 广东纳睿雷达科技股份有限公司 关于发行股份及支付现金购买资产并募集配套资金报告 书（草案）（申报稿）修订说明的公告 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"）。 | 重组报告书章节 | | 修订情况说明 | | --- | --- | --- | | 重大事项提示 | | 1、更新本次交易对上市公司股权结构的影响；2、更新 了本次交易已履行和尚需履行的决策及审批程序； | | 重大风险提示 | | 更新了本次交易的审批风险 | | 第一节 | 本次交易概况 | 1、更新本次交易对上市公司股权结构的影响；2、更新 了本次交易已履行和尚需履行的决策及审批程序； | | 第二节 | 上市公司基本情况 | 更新上市以来股本变动情况 | | 第四节 | 标的资产基本情况 | 1、更新了标的 ...