Group 1 - As of August 25, pension funds appeared among the top ten circulating shareholders of 12 stocks, holding a total of 121 million shares valued at 2.188 billion yuan [1] - The top three stocks by the number of shares held by pension funds are Mingtai Aluminum, Huangma Technology, and Nasda, with holdings of 45 million shares, 25 million shares, and 21 million shares respectively [1] - In terms of market value, Mingtai Aluminum, Nasda, and Huangma Technology rank highest, with values of 559 million yuan, 485 million yuan, and 318 million yuan respectively [1] Group 2 - In the second quarter, pension funds were present among the top ten circulating shareholders of 75 stocks, holding a total of 679 million shares valued at 14.592 billion yuan [1] - There are 21 stocks where pension funds hold over 10 million shares, with the highest holdings in CNOOC Development, Mingtai Aluminum, and Shun'an Environment, at 52 million shares, 45 million shares, and 36 million shares respectively [1] - The industry distribution of pension fund holdings is primarily concentrated in chemicals, electronic equipment, and pharmaceuticals, with 12, 7, and 5 stocks respectively [1]

Core Viewpoint - Nasda's 2025 semi-annual report indicates a significant financial downturn, with a net profit of approximately -312 million yuan, marking a shift from profit to loss compared to the previous year [1] Financial Performance - In the first half of 2025, Nasda achieved an operating revenue of approximately 12.327 billion yuan, reflecting a year-on-year decline of 3.65% [1] - The company's net profit attributable to shareholders was approximately -312 million yuan, indicating a transition from profit to loss year-on-year [1] Stock Market Reaction - On August 22, Nasda's stock price increased by 7.45%, closing at 26.55 yuan per share, with a total market capitalization of 37.75 billion yuan [1]

Core Viewpoint - Nasda's financial performance for the first half of 2025 shows significant declines in revenue and profit, indicating potential challenges ahead for the company [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 was 12.327 billion yuan, a decrease of 3.65% year-on-year [1]. - Net profit attributable to shareholders was -312 million yuan, down 132.02% compared to the previous year [1]. - In Q2 2025, total revenue was 6.399 billion yuan, a decline of 1.58% year-on-year, with a net profit of -396 million yuan, down 156.94% [1]. - Gross margin decreased to 31.05%, down 6.25% year-on-year, while net margin was -2.57%, a drop of 127.92% [1]. - Total expenses (selling, administrative, and financial) amounted to 2.859 billion yuan, accounting for 23.19% of revenue, an increase of 23.76% year-on-year [1]. - Earnings per share were -0.22 yuan, a decrease of 131.82% year-on-year [1]. Balance Sheet Changes - Cash and cash equivalents decreased by 50.35% to 3.186 billion yuan due to loan repayments and payments for accounts payable [3]. - Accounts receivable decreased by 45.76% to 2.262 billion yuan, attributed to significant asset restructuring [3]. - Total liabilities saw substantial changes due to asset restructuring, with short-term borrowings down by 57.12% and long-term borrowings down by 72.92% [3][4]. Investment and Market Position - The company's return on invested capital (ROIC) was 6.27%, indicating average capital returns, with a historical median of 7.42% over the past decade [5]. - The company has experienced a significant decline in profitability, with the worst ROIC recorded at -28.96% in 2023 [5]. - The company relies heavily on research and marketing for its business model, necessitating a closer examination of these drivers [5]. Fund Management and Shareholding - The most notable fund manager holding shares in Nasda is Chen Hao from E Fund, who has recently increased his stake [6][8]. - E Fund's "Quality Momentum Three-Year Holding Mixed A" fund holds 22.41 million shares, reflecting an increase in holdings [7]. - The fund has shown strong performance, with a net value increase of 51.77% over the past year [8].

Core Viewpoint - Nasda Co., Ltd. plans to utilize up to 2 billion RMB of idle self-owned funds for cash management to enhance fund efficiency while ensuring operational needs are met [1][3]. Cash Management Plan - The company and its subsidiaries will invest in low-risk, high-security, and liquid cash management products issued by banks and securities firms, including structured deposits and wealth management products [1]. - The maximum amount of idle funds to be used for cash management is capped at 2 billion RMB within a 12-month period, with the funds being able to roll over within this limit [1]. Risk Control Measures - A dedicated working group will be established to oversee cash management activities, adhering to internal approval processes outlined in the company's charter [2]. - The company will implement strict investment principles, real-time analysis of product value changes, and regular audits to monitor fund usage and security [2]. Impact on Company Operations - The cash management initiative is expected to improve fund efficiency and generate returns for the company and its shareholders without affecting daily operations or core business activities [3]. - The board of directors and supervisory board have expressed support for the cash management plan, emphasizing its alignment with shareholder interests and compliance with necessary procedures [3].

Core Viewpoint - Nasda's semi-annual report for 2025 indicates a significant institutional investment, with 22 institutional investors holding a total of 641 million shares, representing 45.07% of the total share capital [1] Institutional Investment - The top ten institutional investors collectively hold 41.41% of Nasda's shares, with a 0.91 percentage point increase from the previous quarter [1] - Major institutional investors include Zhuhai Saina Technology Co., Ltd., Hong Kong Central Clearing Limited, and various funds managed by E Fund and China Construction Bank [1] Public Fund Activity - Three public funds increased their holdings, with a total increase of 0.13%, while seven public funds decreased their holdings, with a total decrease of 0.32% [2] - New public funds disclosed during this period include E Fund CSI 300 ETF and Zhongjin New Star Stock A [2] - Nineteen public funds were not disclosed in this period, indicating a potential shift in investment strategies [2] Pension Fund Perspective - One pension fund, the Basic Pension Insurance Fund 1205 Combination, increased its holdings by 0.3% [2] Foreign Investment Attitude - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.25% [2]

分组1 - Longi Green Energy reported a revenue of 32.81 billion yuan in the first half of 2025, a decrease of 14.83% year-on-year, with a net loss of 2.57 billion yuan, an improvement of 2.66 billion yuan compared to the previous year [1][2] - The company increased its silicon wafer shipments to 52.08 GW, with external sales of 24.72 GW, and battery module shipments of 41.85 GW, but faced losses due to market prices falling below cost levels [1][2] 分组2 - Vanke A reported a revenue of 105.32 billion yuan in the first half of 2025, a decrease of 26.23% year-on-year, with a net loss of 11.95 billion yuan, a decrease of 21.25% compared to the previous year [3][5] - The company completed the delivery of over 45,000 housing units and achieved a sales amount of 69.11 billion yuan, with a collection rate exceeding 100% [5][6] 分组3 - Tonghuashun achieved a revenue of 1.78 billion yuan in the first half of 2025, an increase of 28.07% year-on-year, with a net profit of 502 million yuan, up 38.29% [7][8] - The increase in revenue was attributed to a rise in user activity on its platform and increased demand for financial information services [7][8] 分组4 - Changan Automobile reported a revenue of 72.69 billion yuan in the first half of 2025, a decrease of 5.25% year-on-year, with a net profit of 2.29 billion yuan, down 19.09% [9][10] - The company achieved a sales volume of 1.355 million vehicles, a year-on-year increase of 1.6%, with new energy vehicle sales reaching 452,000 units, up 49.1% [9][10][11] 分组5 - Ping An Bank reported a revenue of 69.39 billion yuan in the first half of 2025, a decrease of 10.0% year-on-year, with a net profit of 24.87 billion yuan, down 3.9% [12][14] - The bank's net interest margin was 1.80%, a decrease of 16 basis points compared to the previous year [12][14] 分组6 - Longi Green Energy's net loss expanded to 4.955 billion yuan in the first half of 2025, with revenue of 40.51 billion yuan, a decrease of 7.51% year-on-year [26][28] - The company cited ongoing supply-demand imbalances in the industry as a significant challenge [26][28] 分组7 - China CNR reported a revenue of 119.76 billion yuan in the first half of 2025, an increase of 32.99% year-on-year, with a net profit of 7.25 billion yuan, up 72.48% [23][24][25] - The revenue increase was primarily driven by growth in railway equipment and new industry income [23][24] 分组8 - Jiangsu Bank reported a revenue of 448.64 billion yuan in the first half of 2025, an increase of 7.78% year-on-year, with a net profit of 202.38 billion yuan, up 8.05% [32][33] - The bank's total assets reached 4.79 trillion yuan, a growth of 21.16% compared to the previous year [32][33]

智通财经APP讯，纳思达(002180.SZ)发布2025年半年度报告，该公司营业收入为123.27亿元，同比减少 3.65%。归属于上市公司股东的净亏损为3.12亿元。归属于上市公司股东的扣除非经常性损益的净亏损 为1.65亿元。基本每股亏损为0.2193元。 ...

证券代码：002180 证券简称：纳思达 公告编号：2025-061 《上市公司章程 纳思达股份有限公司 第七届监事会第二十五次会议决议公告 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"）第七届监事会第二十五次会议于 2025 年 8 月 22 日以通讯方式召开，会议通知于 2025 年 8 月 18 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《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《关于注册资本变 更、增加经营范围、取消监事会并修订 <公司章程> 相关条款的议案》 根据《公司法》 《证券法》 《上市公司章程指引》等相关法律、法规及规章的规定， 结合公司实际情况，同意公司变更注册资本及增加经营范围，并对《公司章程》相关 条款进行修订。 同时，根据《关于新 <公司法> 配套制度规则实施相关过渡期安排》 指引》等相 ...

证券代码：002180 证券简称：纳思达 公告编号：2025-069 称"公司"、"本公司"）2025年第二次临时股东大会。 了《关于召开2025年第二次临时股东大会的议案》。本次股东大会会议召开符合 《公司法》《证券法》《深圳证券交易所股票上市规则》《深圳证券交易所上市 公司自律监管指引第1号——主板上市公司规范运作》《公司章程》《股东大会 议事规则》等有关规定。 进行网络投票的具体时间为：2025年9月12日上午9:15至9:25,9:30至11:30，和 下午13:00至15:00；通过深圳证券交易所互联网投票系统投票的具体时间为： 公司股东应选择现场投票、网络投票中的一种方式，如果同一表决权出现重 复投票表决的，以第一次投票表决结果为准。 本次股东大会采取现场投票与网络投票相结合的方式。公司将通过深圳证券 交易所交易系统和互联网投票系统向公司股东提供网络形式的投票平台，公司股 东可以在上述网络投票时间内通过深圳证券交易所的交易系统或互联网投票系 统行使表决权。同一股份只能选择现场投票或网络投票方式中的一种表决方式。 同一表决权出现重复表决的以第一次投票结果为准。 纳思达股份有限公司 关于召开 2025 ...

| 上年度末 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 本报告期末 | | | | | | 上年度末 | | | | | 总资产（元） | | | | | | | 增减 | 35,572,542,036.65 | | | 37,350,137,925.42 | | -4.76% | | | | | | | | | 归属于上市公司股东的净资产（元） | | | | 9,688,336,084.37 | | | | | | | 10,034,636,740.49 | | -3.45% | | | | | | | | | | | | | | | | 单 | | | | 位：股 | | | | | | | | | | | | | | | 报告期末表决权恢复的优先股股东总数 | | | | | | | 报告期末普通股股东总数 | | | | | | | | | | | 60,663 | | | | | | 0 | | | | | | | | （如有） | | | | | | | | 前 10 | ...