（编辑 王雪儿） 证券日报网讯 纳思达9月8日在互动平台回答投资者提问时表示，股价受宏观经济形势、行业政策和景 气度、市场情绪等多种因素影响。公司管理层始终重视公司市值及股价表现，一直以为股东创造更多价 值为目标。未来，公司也将继续做好经营管理，不断提升公司内在价值回报广大投资者。 ...

证券日报网讯纳思达（002180）9月8日在互动平台回答投资者提问时表示，截至2025年6月30日，公司 普通股股东总数为60663户。 ...

Group 1 - The company emphasizes the importance of communication with investors and has established multiple channels for interaction, including an interactive platform, investor hotline, and email [1] - The company is committed to addressing every investor inquiry on the interactive platform with a cautious, objective, and fair disclosure approach [1] - The company strictly adheres to information disclosure regulations and follows internal review procedures before responding to inquiries [1]

Core Viewpoint - The company, Nasda (002180), has successfully completed a significant asset sale, which is expected to mitigate operational risks arising from external business environment challenges and optimize its financial structure [1] Group 1: Transaction Details - The company has adhered to relevant laws, regulations, and internal approval processes during the asset sale [1] - The completion of this major asset sale is anticipated to enhance the company's risk response capabilities [1] Group 2: Strategic Implications - The transaction will assist the company in optimizing its strategic layout and focusing on the development of its own brand [1] - The company aims to improve its competitiveness through this strategic move [1]

Core Viewpoint - Nasta's stock has experienced a decline of 15.41% year-to-date, with a recent drop of 2.01% on September 3, 2023, indicating potential challenges in its market performance [1]. Financial Performance - For the first half of 2025, Nasta reported a revenue of 12.327 billion yuan, a year-on-year decrease of 3.65%, and a net profit attributable to shareholders of -312 million yuan, reflecting a significant decline of 132.02% [2]. - Cumulative cash dividends since the A-share listing amount to 903 million yuan, with 169 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders increased to 60,700, with an average of 22,502 circulating shares per person, a slight decrease of 0.52% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, holding 27.7851 million shares, an increase of 3.5603 million shares from the previous period [3].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The strategic cooperation between Zhuhai Jihai Semiconductor, a subsidiary of the company, and Telai Electric New Energy aims to enhance the development of high-performance domestic control chips in the charging infrastructure and digital power sectors [2][3] - The domestic market for charging infrastructure is vast, with policies pushing for the localization of main control chips, which presents significant opportunities for the company [2] - The demand for AI computing power is expected to drive rapid expansion in the digital power market, with projections indicating that AI-related power consumption could multiply by several times by 2026 [2] - The company has made significant progress in automotive electronics and industrial MCU chip layouts, with a projected market size of approximately 700 billion yuan by 2025 [2][3] - The DSP chip market is anticipated to exceed 400 billion yuan by 2025, with the company making strides in commercializing DSP chips for robotics and industrial automation [2][3] - The company's non-consumable chip sales reached 109 million units in the first half of 2025, marking a 50% quarter-on-quarter increase, indicating a strong growth trajectory [3] Financial Summary - Total revenue is projected to grow from 24,062 million yuan in 2023 to 36,458 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 12.5% [4] - The net profit attributable to the parent company is expected to turn positive in 2024, reaching 749 million yuan, and further increasing to 1,497 million yuan by 2027 [4] - The gross margin is expected to stabilize around 31.5% from 2025 onwards [4] - The earnings per share (EPS) is projected to improve from -4.35 yuan in 2023 to 1.05 yuan in 2027, reflecting a positive trend in profitability [4][5] - The price-to-earnings (P/E) ratio is expected to decrease from 46.16 in 2024 to 23.10 by 2027, indicating a more attractive valuation over time [4][5]

Group 1 - Zhonglun New Materials plans to reduce its shareholding by up to 4 million shares, accounting for 1% of the total share capital [1] - Haojiang Intelligent plans to reduce its shareholding by up to 1.5 million shares, accounting for 0.8364% of the total share capital [1] - Dekeli plans to reduce its shareholding by up to 474,180 shares, accounting for 3% of the total share capital [1][2] Group 2 - Fosun Pharma's subsidiary has received FDA approval for its HLX14 injection, intended for treating osteoporosis in postmenopausal women [3][4] - Shengtai Group plans to reduce its shareholding by up to 16.67 million shares, accounting for 3% of the total share capital [5] - Fangyuan Co. plans to reduce its shareholding by up to 15.3 million shares, accounting for 3% of the total share capital [6] Group 3 - Shenkai Co. completed a tender offer, resulting in 14.5655 million shares being accepted, giving the acquirer a 9.71% stake [8] - Guangdong Construction's 90MW solar-storage project in Tibet has achieved full capacity grid connection [9] - Kesi Technology plans to reduce its shareholding by up to 471,220 shares, accounting for 3% of the total share capital [9] Group 4 - Zhongtai Automobile's subsidiary faces forced execution, impacting its operational capacity [10] - Weima Agricultural Machinery plans to reduce its shareholding by up to 960,000 shares, accounting for 0.98% of the total share capital [10] - Tianqi Co. signed a strategic cooperation agreement with EVE Energy to enhance the lithium battery supply chain [11] Group 5 - Sudavige plans to acquire up to 51% of Changzhou Weipu Semiconductor Equipment Co. for a total valuation of up to 1 billion yuan [12] - Dengyun Co. plans to transfer 75% of its subsidiary's equity for 137 million yuan [13] - Sierte has received a notice of investigation from the China Securities Regulatory Commission for suspected information disclosure violations [14] Group 6 - Enjie Co. received a VAT refund of 188 million yuan for its subsidiary [15] - Jiama Clothing plans to reduce its shareholding by up to 366,000 shares, accounting for 0.28238% of the total share capital [16] - Xinong Co. plans to reduce its shareholding by up to 1.05 million shares, accounting for 0.6737% of the total share capital [17] Group 7 - Jiewate plans to jointly acquire 66.25% of Xinguang Haian for a total price of 418 million yuan [18] - Hubei Energy reported an increase in power generation by 22.05% year-on-year in August, with a total of 5.020 billion kWh generated [19][20] - Nasda signed a strategic cooperation agreement with Teld for collaboration in market and product innovation [21] Group 8 - Jinli Technology plans to reduce its shareholding by up to 978,200 shares, accounting for 0.56% of the total share capital [22][23]

Core Viewpoint - Nasta Co., Ltd. has signed a strategic cooperation agreement with Zhuhai Jihai Semiconductor Co., Ltd. and Teld New Energy Co., Ltd. to enhance collaboration in the green low-carbon transformation of the transportation industry, although the agreement does not specify any financial commitments [2][3]. Agreement Overview - The strategic cooperation agreement aims to deepen the partnership between Jihai Semiconductor and Teld, focusing on mutual benefits, resource sharing, and joint development [3]. - The agreement is a framework for future cooperation and does not require board or shareholder approval [3]. Parties Involved - Teld is a subsidiary of Qingdao Tairui Electric Co., Ltd., a leading player in the electric vehicle charging sector, and aims to become the largest charging network operator in China [4]. Main Content of the Agreement - **Market Cooperation**: Both parties will recommend each other's products to enhance market presence [6]. - **Product Innovation and Technology Collaboration**: The agreement includes discussions on product innovation and technology development, particularly in the charging sector [7]. - **Product Development and Project Collaboration**: The parties will engage in regular communication and share core data to improve product delivery and market competitiveness [9]. - **Product Testing**: Teld will participate in the evaluation of new products during the testing phase [10]. - **Products and Services Involved**: The agreement covers charging-related products from Teld and MCU, DSP, and their derivatives from Jihai [11]. Impact on the Company - **Charging Infrastructure**: With over 30 million electric vehicles in China and only 14.4 million charging stations, there is significant market potential. The agreement aligns with national policies promoting domestic chip production and green energy infrastructure [12]. - **Digital Power Sector**: The demand for AI computing power is expected to drive growth in the digital power market, particularly in server power supply, with a projected compound annual growth rate of 15.5% from 2022 to 2026 [13]. - **Policy Support**: National policies are pushing for energy efficiency in data centers, which will increase the demand for high-performance DSP chips [14]. - The agreement is expected to enhance the company's product sales channels, R&D capabilities, and overall competitiveness, aligning with its long-term development strategy [14].

Core Viewpoint - Nasda announced on September 1 that its subsidiary, Jihai Semiconductor, has signed a strategic cooperation agreement with Teld. The agreement is an intention for strategic collaboration and does not involve any financial amounts. The impact of this agreement on the company's operating performance for the fiscal years 2025 and beyond is currently uncertain and will depend on further specific cooperation agreements and implementation details [1] Summary by Relevant Sections - The strategic cooperation agreement between Jihai Semiconductor and Teld is aimed at fostering collaboration [1] - The agreement does not specify any financial commitments or amounts involved [1] - The future impact on the company's financial performance remains undetermined and is contingent on subsequent agreements and actions [1]

Core Viewpoint - Nasda (002180.SZ) announced a strategic cooperation agreement between its subsidiary Zhuhai Jihai Semiconductor Co., Ltd. and Telai Electric New Energy Co., Ltd. to promote green and low-carbon transformation in the transportation industry [1] Group 1: Strategic Cooperation - The partnership aims to leverage complementary advantages, resource sharing, and mutual development to enhance the strategic relationship between the two companies [1] - The collaboration focuses on joint research and development of high-performance, reliable domestic main control chips to address key bottlenecks in the intelligent upgrade of charging equipment and domestic substitution [1] Group 2: Industry Impact - The cooperation is expected to accelerate the construction of a green, intelligent, and efficient energy supply ecosystem, supporting China's green energy strategy and the dual carbon goals [1] - The agreement will help the company expand high value-added product sales channels, enhance research and development capabilities, and improve overall competitiveness, aligning with the company's long-term development strategy and shareholder interests [1]