根据《上市公司重大资产重组管理办法》第十四条的规定："上市公司在十 二个月内连续对同一或者相关资产进行购买、出售的，以其累计数分别计算相应 数额。已按照本办法的规定编制并披露重大资产重组报告书的资产交易行为，无 须纳入累计计算的范围。中国证监会对本办法第十三条第一款规定的重大资产重 组的累计期限和范围另有规定的，从其规定。交易标的资产属于同一交易方所有 或者控制，或者属于相同或者相近的业务范围，或者中国证监会认定的其他情形 下，可以认定为同一或者相关资产"。 （此页无正文，为《纳思达股份有限公司董事会关于本次交易前 12 个月内购买、 出售资产情况的说明》之盖章页） 经核查，公司在本次交易前 12 个月内不存在与本次交易相关的购买、出售 资产的交易行为，不存在需要纳入累计计算范围的情形。 特此说明。 纳思达股份有限公司董事会 （以下无正文） 关于本次交易前12个月内购买、出售资产情况的说明 纳思达股份有限公司（以下简称"上市公司"、"公司"）本次交易的主要内 容为公司间接控股子公司 Ninestar Group Company Limited（以下简称"卖方"） 向 Xerox Corporation 出售卖 ...

证券代码：002180 证券简称：纳思达 公告编号：2025-044 纳思达股份有限公司 第七届监事会第二十四次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 纳思达股份有限公司（以下简称"公司"）第七届监事会第二十四次会议于 2025 年 5 月 19 日以通讯的方式召开，会议通知于 2025 年 5 月 9 日以电子邮件的方式送达 各位监事，应到监事三名，实际出席会议监事三名，三名监事参与了表决，本次会议 由监事会主席吴俊中先生主持，会议的召开和表决程序符合《中华人民共和国公司法》 《公司章程》《监事会议事规则》的有关规定，会议审议并通过了如下议案： 一、以 3 票同意，0 票反对，0 票弃权表决结果审议并通过了《关于公司符合重大 资产重组条件的议案》 本次重大资产出售的主要内容为公司控股子公司 Ninestar Group Company Limited（以下简称"卖方"）向 Xerox Corporation 出售卖方直接持有的 Lexmark International II, LLC（以下简称"标的公司"）的 100%股权（以下简称" ...

第七届董事会第二十五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 纳思达股份有限公司（以下简称"纳思达"、"上市公司"或"公司"）第七届董 事会第二十五次会议于 2025 年 5 月 19 日以通讯的方式召开，会议通知于 2025 年 5 月 9 日以电子邮件的方式送达各位董事，应到董事九名，实际出席会议董事九名，九名董 事参与了表决。本次会议由公司董事长汪东颖先生主持，公司监事会全体成员及公司全 体高级管理人员均列席会议。会议的召开和表决程序符合《中华人民共和国公司法》《公 司章程》《董事会议事规则》的有关规定，会议审议并通过了如下议案： 一、以 9 票同意，0 票反对，0 票弃权表决结果审议并通过了《关于公司符合重大 资产重组条件的议案》 本次重大资产出售的主要内容为公司控股子公司 Ninestar Group Company Limited （以下简称 " 卖 方 " ） 向 Xerox Corporation 出售卖方直接持有的 Lexmark International II, LLC（以下简称"标的公司"）的 100%股权（以下简 ...

纳思达：拟出售美国利盟100%股权 将集中资源发展打印机自主品牌 智通财经5月19日电，纳思达(002180.SZ)发布重组报告书草案，公司拟以现金交易的方式向Xerox Corporation（施乐公司）出售其控股子公司美国利盟100%股权。本次交易完成后，上市公司不再直接 或间接持有美国利盟的股权。美国利盟的营业收入占上市公司最近一个会计年度经审计合并口径营业收 入超过60%。本次交易后，上市公司打印机业务的主营业务收入有所减少，但上市公司的子公司奔图电 子依然经营打印机业务，上市公司主营业务范围未发生变化，未来打印机业务依然是上市公司的业务重 心之一。本次交易完成后，上市公司面临的境外经营风险大幅下降，上市公司将集中资源发展打印机自 主品牌。本次交易预计构成重大资产重组。 ...

Investment Rating - The report maintains a "Buy" rating for the company [5][13]. Core Views - In 2024, the company's revenue is projected to be 26.415 billion yuan, representing a year-on-year growth of 9.78%. The net profit attributable to shareholders is expected to reach 749.2 million yuan, a significant increase of 112.11% year-on-year [2][4]. - The company is expected to benefit from the continuous growth in domestic demand for innovative printing solutions and strong overseas demand driven by the Belt and Road Initiative. The sales of A3 printers are anticipated to grow rapidly [13]. - For the years 2025 to 2027, the company's revenue is forecasted to be 15.676 billion yuan, 19.394 billion yuan, and 23.753 billion yuan, with year-on-year changes of -40.65%, 23.72%, and 22.48% respectively. The net profit attributable to shareholders is expected to be 1.560 billion yuan, 2.212 billion yuan, and 2.990 billion yuan, with year-on-year growth rates of 108.28%, 41.73%, and 35.21% respectively [13]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 26.415 billion yuan, with a net profit of 749.2 million yuan and a non-recurring net profit of 353 million yuan, reflecting growth rates of 9.78%, 112.11%, and 105.60% respectively [2][4]. - The gross margin improved by 0.61 percentage points to 32.27% due to increased sales of consumables [4]. - In Q1 2025, the company reported a revenue of 5.927 billion yuan, a decline of 5.79% year-on-year, and a net profit of 84 million yuan, down 69.64% year-on-year [3][4]. Business Segments - The original printer segment saw a revenue of 4.658 billion yuan in 2024, with a year-on-year growth of 19.87%. The sales of A3 printers surged by 131.44% [9]. - The integrated circuit segment reported a revenue of 1.400 billion yuan in 2024, with a net profit of 363 million yuan, marking a year-on-year increase of 109.97% [11]. - The general consumables segment generated a revenue of 6.172 billion yuan in 2024, with a year-on-year growth of 10.45% [12]. Strategic Developments - The company announced a major asset sale of its 100% stake in Lexmark, with an estimated transaction price between 75 million to 150 million USD, aiming to optimize its financial structure and focus on its own brands [13].

Core Viewpoint - In 2024, the company's revenue reached 26.415 billion yuan, a year-on-year increase of 9.78%, while net profit attributable to shareholders was 749 million yuan, up 112.11% year-on-year, and net profit excluding non-recurring items was 353 million yuan, an increase of 105.60% year-on-year. [1][2][3] - For Q1 2025, the company reported revenue of 5.927 billion yuan, a decline of 5.79% year-on-year, and net profit attributable to shareholders of 84 million yuan, down 69.64% year-on-year. [2][3] - The company expects revenues for 2025-2027 to be 15.676 billion, 19.394 billion, and 23.753 billion yuan, with year-on-year changes of -40.65%, 23.72%, and 22.48%, respectively, and net profits of 1.560 billion, 2.212 billion, and 2.990 billion yuan, with year-on-year growth of 108.28%, 41.73%, and 35.21%, respectively. [1][9] Revenue and Profit Analysis - In 2024, the gross profit margin continued to improve, with net profit attributable to shareholders exceeding 1.5 billion yuan after excluding long-term asset impairment impacts. [3] - The gross profit margin increased by 0.61 percentage points to 32.27% in 2024, primarily due to the growth in consumables sales. [3] - For Q1 2025, the gross profit margin improved to 31.70% year-on-year, despite a revenue decline, indicating effective cost control measures. [3] Business Segment Performance - In 2024, the original printer business generated revenue of 4.658 billion yuan, a year-on-year increase of 19.87%, with net profit of 615 million yuan, up 10.87%. [5] - The integrated circuit segment reported revenue of 1.400 billion yuan in 2024, a slight decline of 1.52%, but net profit increased by 109.97% to 363 million yuan. [6] - The general consumables business achieved revenue of 6.172 billion yuan in 2024, a year-on-year increase of 10.45%, although net profit decreased by 44.17% due to industry competition. [8] Future Outlook - The company plans to divest its stake in Lexmark International, with an estimated transaction price between 75 million and 150 million USD, aiming to optimize its financial structure and focus on its own brands. [9] - The company anticipates continued growth in domestic and overseas demand for its products, particularly in the context of the Belt and Road Initiative and the increasing sales of A3 printers. [9]

证券代码：002180 证券简称：纳思达 公告编号：2025-042 纳思达股份有限公司 关于重大资产重组事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、纳思达股份有限公司（以下简称"公司"或"上市公司"）本次出售的标 的资产为公司控股子公司 Ninestar Holdings Company Limited（以下简称"合资 公司"）间接持有的 Lexmark International II, LLC（以下简称"标的公司"） 100%股权。标的公司间接持有 Lexmark International, Inc.（利盟国际有限公司） 100%股权。 2、本次交易尚需按照《上市公司重大资产重组管理办法》的规定经公司董事 会及股东大会批准。 3、本次交易还需取得相关外部有权监管机构的审批、备案或登记后方能实施， 能否取得该等审批、备案或登记存在不确定性。 4、上市公司将根据后续进展情况，严格按照相关法律、法规及公司章程规定 履行相应的决策审批程序和信息披露义务，敬请广大投资者注意投资风险。 2024 年 12 月 23 日，上市公司 ...

关于公司为全资子公司提供对外担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、 担保情况概述 纳思达股份有限公司（以下简称"公司"）于 2024 年 12 月 3 日召开第七届 董事会第二十次会议、第七届监事会第十九次会议及于 2024 年 12 月 19 日召开 2024 年第四次临时股东大会，分别审议通过了《关于 2025 年度为全资子公司提 供担保额度预计的议案》，公司为 NINESTAR UNITY OF INTEREST INTEGRITY LIMITED（以下简称"纳思达合利信"）提供不超过 12.00 亿元的担保额度。上述 担保额度的有效期自公司2024年第四次临时股东大会审议通过之日起12个月内 有效。具体内容详见公司于 2024 年 12 月 4 日在《证券时报》《中国证券报》《证 券日报》《上海证券报》和巨潮资讯网（www.cninfo.com.cn）上披露的《关于 2025 年度为全资子公司提供担保额度预计的公告》（公告编号：2024-098）。 二、 担保进展情况 证券代码：002180 证券简称：纳思达 公告编号：2 ...

Group 1: Forum Overview - The 2025 Summit will focus on "Embodied Intelligent Robots," featuring ten semiconductor companies presenting solutions in areas such as computation, perception, motion control, and communication [1] - Key challenges in the industrialization of embodied intelligent robots include precise motion control and generalized action capabilities [1][6] Group 2: Chip Developments - Chipsea Technology introduced the D9-Max, a high-performance edge AI SoC designed for embodied intelligence applications, emphasizing functional safety and meeting automotive standards [2] - Aixin Yuan Zhi's AX8850 processor integrates an eight-core A55 CPU and a high-performance NPU, supporting mainstream large model structures and real-time spatial interaction [2] - Wan You Jing Li launched the EB100 chip for low-power spatial rendering and display, already adopted by leading clients like Goer and Zhi Yuan Robotics [3] - Shanghai Xianji Semiconductor's HPM6E8Y chip features a RISC-V dual-core architecture for high-precision motion control in robotics [4] - Nasta's G32R501 chip is the world's first high-end real-time control MCU based on a dual-core Arm Cortex-M52 architecture, designed for harsh environments [5] Group 3: Industry Trends and Challenges - The integration of multi-sensor fusion is seen as crucial for enhancing perception and cognition in robots, with expectations that future robots will surpass human capabilities in perception [6] - The transition from copper to optical networks in robot communication is anticipated to address data transmission challenges and improve efficiency [7] - The most promising applications for humanoid robots in the next three years are expected to be in warehousing, logistics, hazardous environments, and security inspections [7]

Group 1: Macro Insights - The first round of China-US trade talks has made substantial progress, exceeding market expectations, which will inject more certainty and stability into the global economy, further highlighting the irreplaceability of Chinese manufacturing and enhancing the investment value of Chinese assets [3] - The latest comprehensive tariff rate imposed by the US on China has decreased to 42.5%, which is expected to reduce China's exports by 4.0-5.2 percentage points and GDP by 0.5-0.7 percentage points, indicating significant downward pressure on China's economy [3] - The report emphasizes the importance of monitoring three key areas regarding China-US negotiations: potential fluctuations in tariffs, the main topics of negotiation, and the progress of negotiations between the US and other countries that may involve China [3] Group 2: Convertible Bonds - The report indicates that balanced convertible bonds have a high risk premium and are suitable for long-term allocation, while timing strategies have not significantly improved performance [4] - Conversely, equity-linked convertible bonds have a low risk premium but high timing value, with strategies based on valuation improving risk-adjusted returns [4] Group 3: Communication Industry - The company focuses on the optical communication industry, with its main business covering optical chips and devices, benefiting from the rapid development of AI and increasing demand from data centers [5] - The projected net profits for the company are estimated at 382 million, 539 million, and 713 million yuan for 2025, 2026, and 2027, respectively, with corresponding PE ratios of 35, 25, and 19 [5] Group 4: Electronics Industry - The company is a leader in video codec technology and is expanding into new fields such as automotive electronics and edge AI, with a comprehensive product plan for AI SoC series [6] - Expected revenues for the company are projected to be 2.49 billion, 3.07 billion, and 3.63 billion yuan for 2025, 2026, and 2027, with net profits of 140 million, 230 million, and 310 million yuan, respectively [6] Group 5: Automotive Industry - The company reported a revenue of 3.6 billion yuan in 2024, a decrease of 8% year-on-year, while Q1 2025 revenue increased by 12% year-on-year, driven by growth in domestic new energy vehicle sales [8] - The company has maintained a competitive edge through continuous investment in technology and R&D, enhancing its production capabilities and expanding its product offerings [9][10]