出品：新浪财经上市公司研究院 作者：光心 近日，纳思达发布2025年业绩预告，预计2025年度归属上市公司股东的净利润为负值，年度亏损主要受 重大资产出售、行业政策调整等因素的影响。 回顾公司业绩，自2007年上市至今，仅2023年、2025年前三季度归母净利润亏损，分别亏损61.85亿 元、3.55亿元，且亏损均与公司旗下的利盟国际相关。 纳思达"蛇吞象"式并购利盟国际发生在2016年，彼时纳思达还叫作"艾派克"，2015年末的总资产为 31.19亿元、营收20.49亿元、归母净利润2.02亿元，而利盟国际按照当时汇率计算，总资产约合人民币 254.06亿元、营收230.60亿元、净利润亏损2.62亿元，体量差距巨大。 而彼时深耕打印机耗材领域的艾派克，为了覆盖高端市场并推进全球化战略，联合太盟投资、君联资 本，斥资27亿美元将利盟国际纳入麾下。 收购利盟国际后，纳思达原有芯片、耗材业务基础上，新增打印业务、软件业务，公司业绩水涨船高。 仅一年，纳思达营收便从58亿元增长至213亿元，归母净利润从0.61亿元增长至9.49亿元。 然而，迅猛的业绩成长背后是以财务压力作为代价。一方面，并购利盟国际的纳思达负债 ...

二、担保进展情况 证券代码：002180 证券简称：纳思达 公告编号：2026-003 纳思达股份有限公司 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 2025 年 12 月 1 日召开第八 届董事会第四次会议及于 2025 年 12 月 17 日召开 2025 年第三次临时股东会，分 别审议通过了《关于 2026 年度为全资子公司提供担保额度预计的议案》，公司 为珠海纳思达信息技术有限公司（以下简称"纳思达信息技术"）提供不超过 22.00 亿元的担保额度，上述担保额度的有效期自公司 2025 年第三次临时股东 会审议通过之日起 12 个月内有效。具体内容详见公司于 2025 年 12 月 2 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 2026 年度为全资子公司提供担保额度预 计的公告》（公告编号：2025-087）。 特此公告。 公司与中国建设银行股份有限公司珠海市分 ...

2026 年 1 月 14 日，公司与中信银行股份有限公司珠海分行签订了《中信银 行结构性存款产品说明书》等与理财相关的文件，用部分闲置募集资金共计人民 币 1 亿元购买"共赢智信汇率挂钩人民币结构性存款 A26484 期"，具体情况如 下： 证券代码：002180 证券简称：纳思达 公告编号：2026-004 纳思达股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 纳思达股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日召开第八届 董事会第四次会议及于 2025 年 12 月 17 日召开 2025 年第三次临时股东会，审议 通过了《关于使用部分闲置募集资金进行现金管理的议案》，为提高募集资金使 用效率，在确保不影响募集资金项目建设和募集资金使用的情况下，公司计划使 用最高额度不超过人民币 1.3 亿元的暂时闲置募集资金进行现金管理，适时购买 安全性高、流动性好的低风险产品。公司董事会授权公司经营管理层行使该项投 资决策权并签署相关合同文件，授权期限为第八届董事会第四次会议审议通过之 ...

纳思达表示，本次业绩预告数据仅为初步核算结果，具体财务数据将以公司正式披露的经审计后的2025年年度报告为准。 公告显示，本期业绩变动主要受重大资产出售、行业政策调整等因素影响。其中，重大资产出售事项预计对公司财务报表产生显著影响，而行业相关政策调 整亦对部分业务板块的经营环境带来阶段性压力。 1月16日，纳思达发布2025年度业绩预告，经公司财务部门初步测算，预计本年度归属于上市公司股东的净利润为负值，公司2025年度经营业绩将出现亏 损。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 / 特此公告。 纳思达股份有限公司 董 事 会 二〇二六年一月十七日 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。 经纳思达股份有限公司（以下简称"公司"）财务部门初步测算，预计2025年度归属于上市公司股东的净 利润为负值，公司2025年度经营业绩将出现亏损，主要系受重大资产出售、行业政策调整等因素影响。 公司已就本次业绩预告事项与年审会计师进行了预先沟通，双方不存在重大分歧，本次业绩预告提示性 公告未经过会计师事务所审计，最终业绩以公司2025年度年审机构的审计结果为准。公司将严格遵循 《深圳证券交易所股票上市规则》等相关规定，加快推进财务核算工作，在规定时限内尽快披露2025年 度业绩预告。 公司指定的信息披露媒体为《中国证券报》《上海证券报》《证券时报》《证券日报》和巨潮资讯网 （www.cninfo.com.cn），公司所有信息均以在上述指定媒体刊登的信息为准，敬请广大投资者理性投 资，注意投资风险。 证券代码：002180 证券简称：纳思达 公告编号：2026-002 纳思达股份有限公司 关于20 ...

北京商报讯（记者 王蔓蕾）1月16日晚间，纳思达（002180）披露公告称，经公司财务部门初步测算， 预计2025年度归属净利润为负值，公司2025年度经营业绩将出现亏损，主要系受重大资产出售、行业政 策调整等因素影响。 纳思达表示，公司已就本次业绩预告事项与年审会计师进行了预先沟通，双方不存在重大分歧，本次业 绩预告提示性公告未经过会计师事务所审计，最终业绩以公司2025年度年审机构的审计结果为准。 ...

Group 1 - Su Dawei Ge's wholly-owned subsidiary plans to invest in a fund focusing on semiconductor, new energy, AI, and aerospace sectors, contributing 20 million yuan for a 10.2302% stake [2] - Shimao Energy terminates plans for a change in control after failing to reach consensus on key terms, with stock resuming trading on January 19 [3] - Huatian Hotel's controlling shareholder is planning a merger and restructuring, potentially changing the actual controller to the Hunan Provincial State-owned Cultural Assets Supervision and Administration Commission [4] Group 2 - Jinpu Titanium's subsidiary Xuzhou Titanium will cease production due to intensified market competition, which is expected to significantly impact revenue in 2026 [5] - Dingxin Communications' deputy general manager is under investigation by the CSRC for suspected short-term trading of company stock, but it will not affect the company's operations [6] - Xinhang New Materials plans to acquire 51% of Hairete for 12.8826 million yuan to explore new growth points [7] Group 3 - Hualan Co.'s controlling shareholder raises the upper limit of its share buyback plan from 58.08 yuan to 86.66 yuan per share [8] - Wanhua Chemical's MDI Phase II facility has resumed normal production after maintenance [9] - Junsheng Electronics introduces a strategic investor, with a 1 billion yuan investment aimed at reducing overall debt [10] Group 4 - Jiangbolong announces five shareholders plan to transfer 3% of the company's shares through a pricing inquiry [11] - Haitai Technology expects a net profit increase of 226.86% to 323.97% in 2025, driven by high industry demand and increased orders [13] - Northern Rare Earth anticipates a net profit increase of 116.67% to 134.6% in 2025 due to successful market expansion [14] Group 5 - Lanke Technology forecasts a net profit increase of 52.29% to 66.46% in 2025, benefiting from the AI industry trend [15] - Keda expects a net profit increase of 52.21% to 67.43% in 2025, driven by growth in data center and new energy sectors [16] - Cambridge Technology predicts a net profit increase of 51% to 67% in 2025, supported by strong demand in core business areas [17] Group 6 - China Electric Research anticipates a net profit of 533 million yuan in 2025, a 14.04% increase year-on-year [18] - China Automotive Research expects a net profit of 1.06 billion yuan in 2025, a 17.85% increase year-on-year [19] - Zhongcheng Co. forecasts a net profit of 276 million to 414 million yuan in 2025, recovering from a previous loss [20] Group 7 - Junda Co. expects a net loss of 1.2 billion to 1.5 billion yuan in 2025, worsening from a previous loss of 591 million yuan [21] - Guangdian Network anticipates a net loss of 1.29 billion to 1.55 billion yuan in 2025, attributed to declining traditional business revenue [22] - Jiugang Hongxing predicts a net loss of approximately 1.879 billion yuan in 2025, an improvement from a previous loss of 2.617 billion yuan [23] Group 8 - Jinbo Co. expects a net loss of around 1.4 billion yuan in 2025, worsening from a previous loss of 815 million yuan [24] - Dongjiang Environmental anticipates a net loss of 1.05 billion to 1.35 billion yuan in 2025, due to ongoing industry adjustments [25] - Daqing Energy forecasts a net loss of 1 billion to 1.3 billion yuan in 2025, despite improvements in production costs [26] Group 9 - Dongzhu Ecology expects a net loss of 935 million to 1.135 billion yuan in 2025, impacted by macroeconomic factors [27] - Weiyuan Co. anticipates a net loss of 950 million to 1.05 billion yuan in 2025, turning from profit to loss [28] - Huanghe Xuanfeng predicts a net loss of 850 million yuan in 2025, an improvement from a previous loss of 983 million yuan [29] Group 10 - Fushun Special Steel expects a net loss of 770 million to 870 million yuan in 2025, turning from profit to loss [30] - China First Heavy Industries anticipates a net loss of 310 million to 460 million yuan in 2025, significantly reducing losses compared to the previous year [31] - Jishi Media forecasts a net loss of 364 million to 455 million yuan in 2025, with overall revenue expected to remain stable [33] Group 11 - Guangxi Energy expects a net loss of 170 million to 220 million yuan in 2025, turning from profit to loss [34] - Baike Bio anticipates a net loss of 220 million to 280 million yuan in 2025, turning from profit to loss due to declining vaccine sales [35] - Zhongtai Auto expects to remain in a loss position for 2025, with a projected positive net asset value by year-end [36] Group 12 - Nasda anticipates a loss for 2025 due to significant asset sales and industry policy adjustments [37] - Rongsheng Development expects to report a loss for 2025, with the amount not exceeding the previous year's audited net assets [38] Group 13 - China National Materials signs a contract worth 299 million Canadian dollars for engineering services in Canada [40] - Dayu Water-saving's subsidiary wins a project worth 133 million yuan for water source guarantee engineering [41] - Hailu Heavy Industry reports new orders totaling 1.941 billion yuan for 2025 [42]

Group 1 - Xianghe Industrial signed a contract worth 43.1041 million yuan with China Railway 15th Bureau, accounting for approximately 6.5% of the company's projected revenue for 2024 [1] - Dayu Water-saving's subsidiary won a bid for a project valued at 133 million yuan, with a construction period of 545 days [2] - China National Materials International's subsidiary signed a contract worth 299 million Canadian dollars for engineering design and procurement services [3] Group 2 - Baoland expects a net loss of approximately 75 million yuan for 2025, compared to a loss of 58.7224 million yuan in the previous year [4] - Changhong High-tech received an administrative regulatory decision due to inadequate internal controls and improper revenue recognition [5] - Debon Stock will be suspended from trading on January 21, 2026, pending a decision on its delisting [6] Group 3 - Haitai Technology anticipates a net profit increase of 226.86% to 323.97% for 2025, with an expected profit of 51.5 million to 66.8 million yuan [7] - Fushun Special Steel expects a net loss of 770 million to 870 million yuan for 2025, compared to a profit of 112 million yuan in the previous year [8] - Rejing Bio forecasts a net loss of 210 million to 230 million yuan for 2025, compared to a loss of 191 million yuan in the previous year [10] Group 4 - Sanyou Chemical expects a net profit of approximately 91 million yuan for 2025, a decrease of about 82% compared to the previous year [11] - Lianhuan Pharmaceutical received approval for clinical trials of a new drug for benign prostatic hyperplasia [12] - Samsung New Materials anticipates a net loss for 2025, indicating a decline in operational performance [13] Group 5 - Jinggong Technology expects a net profit increase of 36.1% to 70.13% for 2025, with an estimated profit of 200 million to 250 million yuan [14] - Zhongsheng Pharmaceutical's subsidiary signed a licensing agreement for the production and commercialization of RAY1225 injection, with total payments expected to reach 1 billion yuan [15] - Hengshuai shares saw a reduction of 600,000 convertible bonds held by its controlling shareholder [16] Group 6 - Buchang Pharmaceutical plans to repurchase shares worth 60 million to 120 million yuan for employee stock ownership plans [17] - Baike Bio expects a net loss of 220 million to 280 million yuan for 2025, marking a shift from profit to loss [18] - Weishi Electronics anticipates a net profit decrease of 53.27% to 61.61% for 2025, with expected profits of 21.49 million to 26.16 million yuan [19] Group 7 - China Automotive Research expects a net profit increase of 17.85% for 2025, with a projected profit of 1.06 billion yuan [20] - Hualan Biological's controlling shareholder raised the upper limit of its shareholding plan to 86.66 yuan per share [22] - Nasda anticipates a net loss for 2025, indicating a decline in financial performance [23] Group 8 - Haizheng Pharmaceutical received a warning letter from the Zhejiang Securities Regulatory Commission for financial data inaccuracies [24] - Mengguli received an administrative regulatory decision for accounting errors in its financial reports [25] - Zhongguancun's subsidiary received acceptance for a drug application for a heart-related treatment [26] Group 9 - Hosheng Silicon Industry was ordered to correct information disclosure violations by the Zhejiang Securities Regulatory Commission [27] - Meiteng Technology expects a net profit decrease of 22.4551 million to 28.5285 million yuan for 2025, a reduction of 55.21% to 70.14% [28] - Sanwei Co. received a warning letter for financial irregularities related to related party transactions [29] Group 10 - Ganyue Expressway expects a net profit increase of 3.18% for 2025, with a projected profit of 1.32 billion yuan [30] - Xinhang New Materials plans to acquire 51% of Hairete for 12.8826 million yuan [31] - China Software anticipates a net loss of 41 million to 49 million yuan for 2025, an improvement from the previous year's loss [32] Group 11 - Rongsheng Development expects a net loss for 2025, with losses not exceeding the previous year's audited net assets [33] - Northern Rare Earth anticipates a net profit increase of 117% to 135% for 2025, with expected profits of 2.176 billion to 2.356 billion yuan [34] - Energy-saving Wind Power received renewable energy subsidies totaling 1.507 billion yuan, a 122.74% increase from the previous year [35] Group 12 - Dongzhu Ecology expects a net loss of 935 million to 1.135 billion yuan for 2025, compared to a loss of 630 million yuan in the previous year [36] - Jingneng Real Estate anticipates a net loss of 986 million to 1.315 billion yuan for 2025, compared to a loss of 109 million yuan in the previous year [37] - Hailu Heavy Industry signed new orders worth 1.941 billion yuan for 2025, with total orders on hand amounting to 3.597 billion yuan [38] Group 13 - Dalian Thermal Power expects a net loss of 92 million to 112 million yuan for 2025, compared to a loss of 146 million yuan in the previous year [39] - Jiangsu Sop expects a net profit decrease of 52.99% to 62.4% for 2025, with profits projected between 8 million to 10 million yuan [40] - Lian Technology plans to initiate preparations for issuing H-shares and listing on the Hong Kong Stock Exchange [42] Group 14 - Zhenyang Development expects a net profit decrease of 58.13% to 64.94% for 2025, with profits projected between 67 million to 80 million yuan [43] - Sheneng Co. reported a 1.7% decrease in power generation for 2025, with total generation of 57.654 billion kWh [44] - XGIMI Technology's subsidiary received a development notification from a well-known domestic automotive manufacturer [45] Group 15 - Wanhua Chemical's MDI Phase II facility resumed production after maintenance [46] - Daqing Energy expects a net loss of 1 billion to 1.3 billion yuan for 2025, with a reduction in losses compared to the previous year [47]

格隆汇1月16日丨纳思达(002180.SZ)公布，财务部门初步测算，预计2025年度归属于上市公司股东的净 利润为负值，公司2025年度经营业绩将出现亏损，主要系受重大资产出售、行业政策调整等因素影响。 公司已就本次业绩预告事项与年审会计师进行了预先沟通，双方不存在重大分歧，本次业绩预告提示性 公告未经过会计师事务所审计，最终业绩以公司2025年度年审机构的审计结果为准。公司将严格遵循 《深圳证券交易所股票上市规则》等相关规定，加快推进财务核算工作，在规定时限内尽快披露2025年 度业绩预告。 ...

人民财讯1月16日电，纳思达（002180）1月16日公告，预计2025年度归属于上市公司股东的净利润为负 值，公司2025年度经营业绩将出现亏损，主要系受重大资产出售、行业政策调整等因素影响。 ...