Investment Rating - The investment rating for the company is "Buy" [1][2]. Core Views - The company has shown significant improvement in profitability, with a notable increase in revenue and net profit for the first half of 2024. Revenue reached 12.794 billion yuan, a year-on-year growth of 4%, while net profit attributable to shareholders was 974 million yuan, up 177% year-on-year [1]. - The successful launch of the domestically produced A3 laser printer is expected to enhance the company's market competitiveness and sales potential. The company is focusing on brand promotion and channel development, which is anticipated to lead to substantial growth in printer sales [2]. - The company is projected to achieve earnings per share (EPS) of 1.12, 1.23, and 1.43 yuan for the years 2024, 2025, and 2026, respectively, with corresponding price-to-earnings (P/E) ratios of 21.84, 19.74, and 17.06 [2]. Financial Summary - In the first half of 2024, the company achieved a gross margin of 33.22%, an increase of 0.74 percentage points year-on-year. The total operating income for the first half was 12.794 billion yuan, with a net profit of 974 million yuan, reflecting a significant year-on-year increase [1]. - The company's revenue from general consumables reached 3.193 billion yuan in the first half of 2024, a year-on-year increase of 10%, with net profit also growing by 10% [1]. - The company’s overall revenue is projected to be 25.855 billion yuan in 2024, with a year-on-year growth rate of 8.9% [3].

关于回购公司股份的进展公告（第三期） 证券代码：002180 证券简称：纳思达 公告编号：2024-080 纳思达股份有限公司 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚假 记载、误导性陈述或者重大遗漏承担责任。 纳思达股份有限公司（以下简称"公司"）于2023年12月6日召开公司第七届董 事会第十二次会议，审议通过了《关于回购公司股份方案的议案》，公司拟使用自 有资金以集中竞价交易的方式回购公司发行的人民币普通股（A股）股票。回购价格 为不超过人民币40.42元/股（含），回购资金总额为不低于人民币20,000.00万元（含） 且不超过人民币40,000.00万元（含），具体回购资金总额以回购结束时实际回购使 用的资金总额为准，具体回购股份的数量以回购结束时实际回购的股份数量为准。 本次回购的股份拟全部用于实施员工持股计划或者股权激励，本次回购期限为自董 事会审议通过本次回购股份方案之日起不超过12个月，具体内容详见公司于2023年 12月7日刊登在《证券时报》《证券日报》《上海证券报》《中国证券报》和巨潮资 讯网（www.cninfo.com.cn）披露的《第七届董事会第十二次会议 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Insights - The company reported a significant increase in net profit for the first half of 2024, with a year-on-year growth of 177.37% [10] - The revenue for the first half of 2024 reached 12.794 billion yuan, representing a year-on-year increase of 4.01% [10] - The gross profit margin improved to 33.22%, up by 0.74 percentage points compared to the previous year [10] - The second quarter of 2024 saw a revenue of 6.502 billion yuan, a year-on-year increase of 12.47%, and a net profit of 696 million yuan, which is a remarkable year-on-year growth of 398.97% [10] Financial Performance Summary - In the first half of 2024, the company achieved a net profit of 974 million yuan, with a non-recurring net profit of 624 million yuan, showing growth rates of 177.37% and 48.48% respectively [10] - The second quarter's gross profit margin was 35.16%, reflecting an increase of 5.37 percentage points year-on-year [10] - The company expects revenues for 2024-2026 to be 26.256 billion, 29.317 billion, and 33.089 billion yuan, with respective growth rates of 9.12%, 11.66%, and 12.87% [11] Business Segment Performance - The company's printer segment, BenTu, reported a revenue of 2.102 billion yuan in the first half of 2024, despite a year-on-year decline of 4%, but net profit increased by 43% [11] - The overall sales of BenTu printers decreased by 15% year-on-year, but there was a continuous quarter-on-quarter improvement for three consecutive quarters [11] - International sales of BenTu showed significant growth, with a quarter-on-quarter increase of approximately 50% in the second quarter [11]

纳思达 投资者关系活动记录表 编号： | --- | --- | --- | |-------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The investment rating for the company is "Buy" with a target price of RMB 29.61 per share [2][8]. Core Views - The report highlights that the company has successfully advanced its A3 product line and emphasizes the importance of monitoring changes in the competitive landscape of the printing market [1][2]. - The company reported a revenue of RMB 12.794 billion for H1 2024, representing a year-over-year increase of 4.01%, and a net profit of RMB 974 million, which is a significant increase of 177.37% year-over-year [2][3]. - The report anticipates that the company's earnings per share (EPS) for 2024, 2025, and 2026 will be RMB 0.87, RMB 1.19, and RMB 1.63, respectively [2][3]. Summary by Sections Financial Performance - For H1 2024, the company achieved a revenue of RMB 12.794 billion, with a net profit of RMB 974 million, marking a year-over-year increase of 177.37% [2]. - The Q2 2024 revenue was RMB 6.502 billion, reflecting a year-over-year growth of 12.47% and a quarter-over-quarter increase of 3.34% [2]. - The company’s gross margin improved significantly, with a net profit margin of 18.4% for H1 2024, up 6.0 percentage points year-over-year [3]. Business Segments - The printing and chip segments are projected to generate net profits of RMB 8.3 billion and RMB 4.1 billion, respectively, for 2024 [2]. - The report assigns a price-to-earnings (PE) ratio of 34.3x for the printing business and 33.3x for the chip business, reflecting the high technological barriers associated with the company's self-developed A3 printers [2]. Market Outlook - The company has launched new A3 series products that cover 75% of market demand, which is expected to drive revenue growth [3]. - The integrated circuit business reported a revenue of RMB 675 million for H1 2024, with a net profit margin of 44%, indicating a strong performance despite a year-over-year revenue decline of 12% [4]. - The report expresses optimism regarding the recovery of downstream demand in the global printing market, which is expected to positively impact the revenue of the company's subsidiaries [5].

证券代码：002180 证券简称：纳思达 公告编号：2024-078 纳思达股份有限公司 关于境外子公司为其子公司提供担保的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或者重大遗漏承担责任。 为保护纳思达股份有限公司（以下简称"公司"或"本公司"）境外控股子 公司 Lexmark International, Inc.（"Lexmark"）避免受到汇率波动的风险， 降低汇率波动对公司的影响，Lexmark、 Lexmark International Tech, SARL ("LITSARL")以及 Lexmark International Financial Services DAC（"LIFSDAC"） 拟与 UBS AG（"UBS"）签署包括《ISDA Master Agreement》（"《ISDA 主协 议》"）、《Credit Support Agreement》等 ISDA 协议文件，（"ISDA 协议文 件"），以开展货币对冲交易。 基于上述，公司境外控股子公司 Lexmark International II LLC（"Lexmark II" ...

证券代码：002180 证券简称：纳思达 公告编号：2024-077 纳思达股份有限公司 关于注销 2019 年股票期权激励计划预留授予部分股票期权的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚假 记载、误导性陈述或者重大遗漏承担责任。 2024 年 8 月 30 日，纳思达股份有限公司（以下简称"公司"）召开第七届董事 会第十八次会议和第七届监事会第十七次会议，分别审议通过了《关于注销 2019 年股票期权激励计划预留授予部分股票期权的议案》，同意对 2019 年股票期权激励 计划预留授予部分中不符合行权条件的 41 名激励对象已获授但尚未行权的股票期 权共计 330,256 份予以注销。具体内容公告如下： 一、公司 2019 年股票期权激励计划已履行的相关审批程序 2019 年 9 月 18 日，公司召开第六届董事会第二次会议和第六届监事会第二次 会议，审议通过了《关于<纳思达股份有限公司 2019 年股票期权激励计划（草案）> 及其摘要的议案》《关于<纳思达股份有限公司 2019 年股票期权激励计划实施考核管 理办法>的议案》等议案，关联董事、监事均已回避表决，公司独立董事邹 ...

证券代码：002180 证券简称：纳思达 公告编号：2024-071 纳思达股份有限公司 纳思达股份有限公司（以下简称"公司"）第七届董事会第十八次会议于 2024 年 8 月 30 日以通讯方式召开，会议通知于 2024 年 8 月 23 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《公司法》《公司章程》《董事会议事规则》 等有关规定，会议审议并通过了如下议案： 一、以 9 票同意，0 票反对，0 票弃权的表决结果审议并通过了《2024 年半年 度报告全文及摘要》 公司 2024 年半年度报告全文及摘要真实、准确、完整地反映了公司 2024 年半 年度的经营情况。根据《证券法》第八十二条的要求，公司董事、高级管理人员对 公司2024年半年度报告签署书面确认意见，保证公司2024年半年度报告内容真实、 准确、完整，不存在虚假记载、误导性陈述或者重大遗漏。 《2024 年半年度报告》详见巨潮资讯网（www.cninfo.com.cn）。 第七届董事会第 ...

2019 年股票期权激励计划预留授予第三行权期可行权 激励对象名单 纳思达股份有限公司 一、预留授予第三个行权期可行权分配情况汇总表 | 姓名 | 职务 | 预留获授期权 数量（万份） | 占预留授予期 权总数的比例 | 本次可行权的 股票期权数量 （万份） | | --- | --- | --- | --- | --- | | 武安阳 | 董事会秘书 | 6.0000 | 0.6073% | 2.4000 | | 小计 | | 6.0000 | 0.6073% | 2.4000 | | 中层管理人员（49 | 人） | 402.9080 | 40.7831% | 161.1632 | | 核心骨干人员（218 | 人） | 335.3900 | 33.9488% | 134.1560 | | 合计 | | 744.2980 | 75.3391% | 297.7192 | 注：合计数与各明细数直接相加之后在尾数上如有差异，是由于四舍五入所造成。 二、预留授予第三个行权期可行权分配名单 | 序号 | 姓名 | 职务 | | --- | --- | --- | | 1 | 武安阳 | 董事会秘书 | | 2 | ...

证券代码：002180 证券简称：纳思达 公告编号：2024-075 纳思达股份有限公司 关于公司及子公司使用部分闲置自有资金进行现金管理的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或者重大遗漏承担责任。 纳思达股份有限公司（以下简称"公司"）于 2024 年 8 月 30 日召开第七届 董事会第十八次会议和第七届监事会第十七次会议，分别审议通过了《关于公司 及子公司使用部分闲置自有资金进行现金管理的议案》，本着股东利益最大化原 则，为提高闲置自有资金使用效率，在确保不影响公司经营需要使用的情况下， 公司及子公司计划使用最高额度不超过 20 亿元人民币的闲置自有资金进行现金 管理，适时购买风险低、安全性高、流动性好的银行、证券公司等金融机构发行 的现金管理类产品（包括但不限于结构性存款、理财产品等），并授权公司经营 管理层决定及签署相关文件，授权期限为 2024 年第三次临时股东大会审议通过 之日起 12 个月。现将相关事项公告如下： 公司及子公司在 12 个月内购买银行、证券公司等金融机构发行的现金管理 类产品使用的闲置自有资金不超过 20 亿元人民币，在该 ...