北京市金杜（广州）律师事务所 关于 纳思达股份有限公司 调整中长期事业合伙人计划之第一期员工 持股计划的 致：纳思达股份有限公司 北京市金杜（广州）律师事务所（以下简称"本所"或"金杜"）接受纳思 达股份有限公司（以下简称"公司"或"纳思达"）的委托，根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、中国证券监督管理委员会（以下简称"中国证监会"） 《关于上市公司实施员工持股计划试点的指导意见》（以下简称"《试点指导意 见》"）、《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（2023 年 12 月修订）》（以下简称"《自律监管指引》"）等法律、行 政法规、部门规章及规范性文件（以下简称"法律法规"）和《纳思达股份有限 公司章程》（以下简称"《公司章程》"）、《纳思达股份有限公司中长期事业 合伙人计划之第一期员工持股计划（草案）》（以下简称"《员工持计划（草案）》"） 的有关规定，就公司拟调整的中长期事业合伙人计划之第一期员工持股计划（以 下简称"本次员工持股计划调整"）所涉及的相关事宜，出具本法律意见书。 为出具本法律意 ...

纳思达股份有限公司 中长期事业合伙人计划之 第一期员工持股计划（草案修订稿）摘要 中长期事业合伙人计划之第一期员工持股计划（草案修订稿）摘要 证券简称：纳思达 证券代码：002180 二〇二四年七月 中长期事业合伙人计划之第一期员工持股计划（草案修订稿）摘要 声 明 本公司及全体董事、监事保证本员工持股计划草案及其摘要不存在虚假记 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带 的法律责任。 1 中长期事业合伙人计划之第一期员工持股计划（草案修订稿）摘要 风险提示 1、本员工持股计划须经公司股东大会批准后方可实施，本员工持股计划能 否获得公司股东大会批准，存在不确定性； 2、本员工持股计划设立后将由公司自行管理，能否达到预计规模、目标存 在不确定性； 3、本员工持股计划的资金来源、出资金额、实施方案等属初步结果，能否 完成实施，存在不确定性； 4、本员工持股计划遵循依法合规、自愿参与、风险自担原则，若员工认购 资金较低，则本员工持股计划存在不能成立的风险；若员工认购资金不足，则 本员工持股计划存在低于预计规模的风险； 5、公司后续将根据规定披露相关进展情况，敬请广大投资者谨慎决策，注 意 ...

其实有三大块业务第一块就是做激光打印机整机以及原装耗材第二块是做通用耗材第三块是做芯片然后芯片里面又包括打印机芯片和非打印的芯片NASDAQ最核心的概念就是性创也就是激光打印机里面的国产替代 那我们的报告主要分为这么几大块从行业介绍再到公司的一个基本情况介绍再到后面的这个各个业务板块的一个介绍首先是这个激光打印机行业激光打印机它的行业壁垒是非常高的主要是从三个层面来说第一个是从技术层面 它是一个跨了多种学科的这么一个行业它的技术涉及这种机密机械 机密化工包括一些材料等等等等超过十个这么一个领域就是我们可以看到很多生产打印机的企业它会有做相机 做材料学这么一个背景 那么第二个壁垒是这个专利壁垒全球这个打印机相关的专利是非常多的绝大部分是这个美国和日本的企业申请的目前仍然有效的专利是超过了20万份而且它其中很多专利其实是一种技术控制的这么一个方式也就是说那些老牌的激光打印机的巨头给想要进入这个行业的这种潜在的竞争者人为都设置了一个障碍 那么第三个壁垒就是这个硬件壁垒一台激光打印机的这个零件数量是一千多个如果跟电脑相比的话我们知道电脑行业经历了这么长时间的发展它形成了是一种比较成熟的比较各种化的模块化的这种生产模式 ...

证券代码：002180 证券简称：纳思达 公告编号：2024-063 现投资者热线电话2：0756-6258880 除上述变更内容外，公司办公地址、邮政编码、投资者电子邮箱等其他联系方 式保持不变，欢迎广大投资者通过上述渠道与公司沟通联系。 特此公告。 纳思达股份有限公司 纳思达股份有限公司（以下简称"公司"）为进一步加强投资者关系管理工作， 建立更为充分的投资者联系沟通渠道，方便投资者及时了解公司情况，公司于2024 年7月23日起，在原投资者热线电话（0756-3265238）的基础上，新增一部投资者热 线电话，具体情况如下： 纳思达股份有限公司 原投资者热线电话：0756-3265238 关于增加投资者热线电话的公告 现投资者热线电话1：0756-3265238 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。 二〇二四年七月二十四日 董 事 会 ...

Investment Rating - The report maintains a "Buy" rating for the company [8] Core Insights - The company expects a significant increase in net profit for the first half of 2024, with a forecasted range of 850-1050 million yuan, representing a year-on-year growth of 142.15%-199.12% [2] - The second quarter of 2024 is projected to show an even more substantial increase in net profit, with estimates between 572-772 million yuan, reflecting a year-on-year growth of 311.51%-455.40% [2] - The report highlights improvements in the company's three main business segments, particularly in overseas sales and the "信创" (Xinchuang) market, which saw a year-on-year growth of approximately 30% in shipment volume [3][4] Financial Performance Summary - The company is projected to achieve revenues of 262.56 billion yuan in 2024, with growth rates of 9.12%, 11.66%, and 12.87% for the years 2024, 2025, and 2026 respectively [6] - The expected net profit for 2024 is forecasted at 11.29 billion yuan, with a year-on-year growth of 118.26% [6] - Earnings per share (EPS) are projected to be 0.80 yuan in 2024, increasing to 1.56 yuan by 2026 [6] Business Segment Analysis - The "奔图" (Bentu) segment is expected to generate approximately 2.1 billion yuan in revenue for the first half of 2024, with a net profit of around 400 million yuan, marking a year-on-year increase of about 40% [3] - The "利盟" (Lexmark) segment is projected to achieve revenues of approximately 1.08 billion USD in the first half of 2024, with a year-on-year growth of about 5% [4] - The "极海微" (Jihaiwei) segment is expected to see a net profit of around 300 million yuan, with a year-on-year increase of over 100% [5]

证券研究报告·公司点评报告·半导体 纳思达(002180) 2024 中报业绩预告点评:业绩超市场预期, 奔图市占率持续提升 2024 年 07 月 14 日 买入(维持) | --- | --- | --- | --- | --- | --- | |----------------------------|-------|----------|--------|-------|-------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入(百万元) | 25855 | 24062 | 25896 | 28506 | 31153 | | 同比(%) | 13.44 | (6.94) | 7.62 | 10.08 | 9.29 | | 归母净利润(百万元) | 1863 | (6185) | 1441 | 1837 | 2259 | | 同比(%) | 60.15 | (432.02) | 123.30 | 27.48 | 23.00 | | EPS-最新摊薄(元/股) | 1.32 | (4.37) | 1.02 ...

证券研究报告 纳思达 (002180 CH) 盈利能力显著改善,关注 A3 机型放量 投资评级(维持): 买入 目标价(人民币): 34.76 华泰研究 公告点评 2024 年 7 月 14 日│中国内地 计算机设备 盈利能力同比显著提升,奔图打印产品结构升级 公司预告 24H1 归母净利 8.5-10.5 亿元(yoy+142.2%~199.1%),扣非净利 5.5-7.5 亿元(yoy+31.0%~78.6%);2Q24 单季归母净利 5.7-7.7 亿元 (yoy+310.3%~453.7%),扣非净利 2.9-4.9 亿元(yoy+31.4%~123.8%);看 好奔图打印产品结构升级,盈利能力持续提升。我们预计 24-26 年 EPS 为 0.87/1.19/1.63 元。分部估值,预计打印/芯片业务 24E 归母净利 8.3/4.1 亿 元,打印/芯片业务可比公司平均 24E 33.2xPE/39.7xPE(Wind),考虑公司 自研 A3 打印机技术壁垒较高,给予打印/芯片业务 24E 40.0xPE/39.7xPE, 预计打印/芯片业务市值 331/162 亿元,对应目标价 34.76 元/股 ...

Investment Rating - The report maintains a **Buy** rating for the company with a target price of **38.16 RMB** based on a 36x PE multiple for 2024 [2][7] Core Views - The company expects H1 2024 net profit attributable to shareholders to be **850-1050 million RMB**, a year-on-year increase of **142%-199%**, with non-GAAP net profit of **550-750 million RMB**, up **31%-79%** year-on-year [1] - Printer business profitability improved: - Pantum's H1 revenue is expected to decline by **4%** to **2.1 billion RMB**, but net profit increased by **40%** to **400 million RMB** [1] - Lexmark's revenue grew **5%** to **1.08 billion USD**, with printer shipments up **23%** and EBITDA increasing **46%** to **130 million USD** [1] - IC business net profit surged: - Jihai Micro's H1 revenue declined **12%** to **680 million RMB**, but net profit more than doubled to **300 million RMB**, with Q2 net profit up **560%** sequentially [1] - General consumables business grew: - H1 total sales volume increased **20%**, revenue grew **10%** to **3.2 billion RMB**, and net profit rose **10%** to **90 million RMB**, with Q2 sequential growth of **33%** [1] Financial Forecasts - Revenue is expected to grow **16%** in 2024 to **27.82 billion RMB**, with further growth of **12%** in both 2025 and 2026 [3] - Net profit attributable to shareholders is forecasted to be **1.50 billion RMB** in 2024, **2.00 billion RMB** in 2025, and **2.49 billion RMB** in 2026 [3] - EPS is projected to be **1.06 RMB** in 2024, **1.41 RMB** in 2025, and **1.76 RMB** in 2026 [3][7] - Gross margin is expected to improve from **31.7%** in 2023 to **35.2%** by 2026 [3] Business Highlights - Pantum's overseas sales grew **50%** sequentially in Q2, with Xinchuang shipments up **30%** year-on-year [1] - Jihai Micro's G32A1445 automotive MCU passed TÜV Rheinland ISO 26262 ASIL-B certification and showcased new automotive lighting solutions at the Munich Shanghai Electronics Show [1] - The company has increased investments in R&D, brand promotion, and A3 copier channel construction for Pantum [1]

Financial Performance Forecast - The company expects a net profit attributable to shareholders of 850 million to 1.05 billion RMB for the first half of 2024, representing a year-on-year growth of 142.15% to 199.12% compared to 351.03 million RMB in the same period last year [2][4]. - The basic earnings per share are projected to be between 0.6055 RMB and 0.7479 RMB, compared to 0.2476 RMB per share in the previous year [4]. - Pantum's revenue for the first half of 2024 is expected to be approximately 2.1 billion RMB, a year-on-year decrease of about 4%, while net profit is projected to be around 400 million RMB, an increase of approximately 40% [6]. - Lexmark's revenue for the first half of 2024 is estimated at about 1.08 billion USD, reflecting a year-on-year growth of approximately 5%, with printer sales increasing by about 23% [6]. - The integrated circuit business, Jihai Micro, is expected to generate revenue of approximately 680 million RMB, a year-on-year decrease of about 12%, but net profit is projected to exceed 300 million RMB, showing a growth of over 100% [6]. - The general printer consumables business is anticipated to achieve revenue of around 3.2 billion RMB, a year-on-year increase of about 10%, with net profit also expected to grow by 10% [6]. Sales Performance - The overall printer sales for Pantum decreased by approximately 16% year-on-year, but there was a sequential improvement in sales for three consecutive quarters, with a 20% increase in Q2 [6]. Strategic Initiatives - The company is in a critical phase of changing the competitive landscape of the industry, increasing investments in product R&D, brand promotion, and A3 copier channel development [6]. Disclosure and Audit - The company will disclose any significant discrepancies from this performance forecast in accordance with its disclosure rules [6]. - The performance forecast is based on preliminary calculations by the finance department and has not been audited by an accounting firm [5].

证券代码：002180 证券简称：纳思达 公告编号：2024-061 纳思达股份有限公司 关于控股子公司为其全资子公司提供信用担保额度的进展公告 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。 一、 担保情况概述 上述担保在公司股东大会审议通过的担保额度范围内。 三、 累计对外担保及逾期担保的数量 1、有效期内提供担保的最高额度为人民币2,900.00万元，全额担保，变更 为有效期内提供担保的最高额度为人民币4,850.00万元，全额担保； 2、原《付款保证函》自签订日即2024年1月11日起生效,有效期至2025年1月 11日，有效期内发生的所有交易极海微均提供连带责任保证, 和舰芯片均可享有 追索权，变更为原《付款保证函》自签订日即2024年1月11日起生效,有效期至2024 年12月21日，有效期内发生的所有交易极海微均提供连带责任保证, 和舰芯片均 可享有追索权。 其他未尽事宜以原《付款保证函》为准，具体内容详见公司于2024年1月23 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.c ...