证券代码：002180 证券简称：纳思达 公告编号：2024-056 纳思达股份有限公司 关于回购股份（第二期）实施完成暨股份变动的公告 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2023年5月24日召开公司第七届董 事会第八次会议审议通过了《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61.00元/股（含），回购资金总额为不低于人民币10,000.00万元（含） 且不超过人民币20,000.00万元（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 5月25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《第七届董事会第八次 ...

Financial Data and Key Metrics Changes - The company expects net profits for 2024, 2025, and 2026 to be 1.2 billion, 1.8 billion, and 2.2 billion respectively, with corresponding PE ratios decreasing from 32 times to 21 times and then to 17 times [2][10] Business Line Data and Key Metrics Changes - The company's compatible consumables market size has increased from over 3 billion to nearly 6 billion, maintaining a market share of around 20% [1][7] - Sales of the integrated circuit business rose from 1.259 billion in 2015 to 1.36 billion in 2019, with expectations to approach 2 billion by 2024 [1][8] - The sales of consumable chips have reached nearly 600 million, with a market share of 40% [1][8] Market Data and Key Metrics Changes - The global laser printer market has a compound growth rate of 0.3%, while the inkjet printer market ranges from -0.5% to 0.5%, with an overall printer market growth rate of 0.19% [1][7] - The Chinese printer market is steadily increasing, with laser printers accounting for over half of the market [1][7] Company Strategy and Development Direction - The company aims to develop its chip business as a second growth curve, including compatible consumable chips, printer chips, and non-printer MCU business [2][8] - The company is focusing on product innovation, with plans to launch an AI printer in June [2][9] Management's Comments on Operating Environment and Future Outlook - The management noted that recent changes in the new industry, including proactive fiscal policies and the issuance of long-term special bonds, are expected to positively impact the industry and provide opportunities for the company [1][5] - The management highlighted that the company has secured orders from major clients like the State Grid and financial institutions, indicating strong competitiveness in the market [2][9] Other Important Information - The company has expanded its market presence through acquisitions, owning several well-known brands in the industry [1][6] - The company has developed a chip design team and is creating typical products in the non-printer MCU field [2][5] Q&A Session Summary Question: What is the company's main business and market position? - The company covers integrated chips, printer consumables, and printer machines, ranking fourth globally in laser printer shipments and holding a 70% market share in the domestic financial consumables market [3][4] Question: What recent changes have occurred in the new industry and their impact on the company? - Recent changes include active fiscal policies and the issuance of special bonds, which are expected to stabilize the funding sources for upstream and downstream clients, positively affecting the industry [5] Question: What is the company's development history and core technologies? - Since its establishment in 2004, the company has focused on the large-scale and industrialization of domestic chips, possessing multiple core technologies [6] Question: How is the company's performance in the printer industry chain? - The company has achieved breakthroughs in the printer industry chain, with the compatible consumables market expanding significantly [7] Question: What are the company's plans and expectations for chip business development? - The company aims to enhance its chip business, with significant growth expected in the sales of compatible consumable chips and the development of SOC main control chips [8] Question: What are the latest developments in product innovation and market demand? - The company has launched new printer models and is set to introduce an AI printer, with strong demand from sectors like finance and energy [9] Question: What are the company's future performance expectations and valuation? - The company anticipates steady growth in net profits over the next few years, with decreasing PE ratios indicating a focus on stable and growth-oriented investments [10]

证券代码：002180 证券简称：纳思达 公告编号：2024-054 纳思达股份有限公司 2023 年度股东大会决议公告 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、特别提示 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更前次股东大会决议。 3、为尊重中小投资者利益，提高中小投资者对公司股东大会决议的重大事项的 参与度，本次股东大会审议的全部议案对中小投资者单独计票。中小投资者是指除公 司董事、监事、高级管理人员以及单独或合计持有上市公司5%（含本数）以上股份的 股东以外的其他股东。 二、会议召开情况 1、会议召开方式：本次股东大会采取现场投票与网络投票相结合的方式。 2、召开时间 1) 现场会议召开时间为：2024年5月21日（星期二）下午14:30。 2) 网络投票时间为：2024年5月21日；其中，通过深圳证券交易所交易系统进行 网络投票的具体时间为：2024年5月21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：2024年5月2 ...

本公司各债权人如要求本公司清偿债务或提供相应担保的，应根据《公司法》等 相关法律法规的有关规定向公司提出书面要求，并随附有关证明文件。债权申报具体 方式如下： 1、申报时间：2024 年 5 月 22 日至 2024 年 7 月 5 日 2、联系地址：广东省珠海市香洲区珠海大道 3883 号 01 栋 7 楼 B 区 证券代码：002180 证券简称：纳思达 公告编号：2024-055 纳思达股份有限公司 关于回购注销限制性股票的减资公告 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 2024 年 4 月 26 日召开第七届董事 会第十五次会议、第七届监事会第十四次会议及 2024 年 5 月 21 日召开 2023 年度股 东大会，分别审议通过了《关于回购注销部分限制性股票的议案》，根据立信会计师 事务所（特殊普通合伙）出具的《关于纳思达股份有限公司限制性股票激励计划 2023 年度业绩指标完成情况的鉴证报告》（信会师报字[2024]第 ZM10148 号），公司未满 足该年度业绩考核目标，以及公司股权激励对象 2 ...

Financial Data and Key Metrics Changes - The company expects net profits for 2024, 2025, and 2026 to be 1.2 billion, 1.8 billion, and 2.2 billion respectively, with corresponding P/E ratios decreasing from 32 times to 21 times and then to 17 times [7][9] Business Line Data and Key Metrics Changes - The company's compatible consumables market size has increased from over 3 billion to nearly 6 billion, maintaining a market share of around 20% [5][6] - Sales of the integrated circuit business are projected to approach 2 billion by 2024, up from 1.259 billion in 2015 and 1.36 billion in 2019 [6][7] Market Data and Key Metrics Changes - The global laser printer market is experiencing a compound annual growth rate (CAGR) of 0.3%, while the inkjet printer market shows a range of -0.5% to 0.5%, with an overall printer CAGR of 0.19% [6][7] - The Chinese printer market is steadily increasing, with laser printers accounting for over half of the market share [6][7] Company Strategy and Development Direction - The company aims to develop its chip business as a second growth curve, focusing on compatible consumables chips, printer chips, and non-printer MCU business [7] - The company is actively pursuing product innovation, including the launch of an AI printer expected in June [7][8] Management Comments on Operating Environment and Future Outlook - The management highlighted recent changes in the new industry, including proactive fiscal policies and the issuance of long-term special government bonds, which are expected to positively impact the industry [5][6] - The management noted that the current year is a weak period for the industry, but changes in policies and demand signal opportunities for structural optimization and new development [5][6] Other Important Information - The company has secured orders from major clients such as the State Grid and financial institutions, indicating strong competitiveness in the domestic market [7][8] Q&A Session Summary Question: What is the company's main business and market position? - The company covers integrated chips, printer consumables, and complete printers, ranking fourth globally in laser printer shipments and holding a 70% market share in the domestic financial consumables market [3][4] Question: What recent changes in the new industry have impacted the company? - Recent fiscal policies and the issuance of special government bonds are expected to stabilize the funding chain for the industry, providing a favorable environment for companies like Nasda [5] Question: How has the company performed in the printer industry? - The company has seen growth in the compatible consumables market, with a significant increase in market share and revenue despite a slow global printer market [6][7] Question: What are the company's plans for chip business development? - The company aims to enhance its chip business, with significant growth expected in the sales of compatible consumables chips and the development of MCU products [7]

[Table_Title] 证券研究报告 24Q1 利润实现快速增长，关注下游需求恢复 公司研究 [Table_ReportDate] 2024年05月16日 [Table_ReportType] 点评报告 [Table事_S件um：m纳ar思y]达发布2024年一季度报告，公司实现收入62.92亿元，同 [T纳ab思le达_S(to0c0k2A1n8d0R.anSkZ]) 比下降3.49%；实现净利润2.78亿元，同比增长31.34%；实现扣非 投资评级：买入 净利润2.65亿元，同比增长30.48%。 上次评级：买入  奔图：整体销量环比改善，A3打印机出货量同比增长40%。2024Q1， 从公司几大核心业务来看：（1）奔图：奔图打印机实现收入10.27亿 [T庞ab倩le倩_Au计th算or机]行业首席分析师 元，同比下降 20.22%；实现净利润1.93 亿元，同比增长 21.89%。 执业编号：S1500522110006 2024Q1内，奔图打印机销量同比下降33.89%，环比增长24.91%，原 邮 箱：pangqianqian@cindasc.com 装耗材出货量同比增长12.73%。此外 ...

%% research.95579.com %% 丨证券研究报告丨 公司研究丨点评报告丨纳思达（ ） 002180.SZ [纳Ta思b达le_：T经itle营] 情况改善， A3 产品实现高增 报告要点 [2T0a2b3le_年S公um司m实ar现y]营收 240.62 亿元，同比下降 6.94%；归母净利润-61.85 亿元，同比下降 432.02%；扣非净利润-62.97亿元，同比下降476.88%；毛利率为31.66%，同比下降0.95pct； 归母净利率-25.70%，同比下降32.91pct；扣非净利率-26.17%，同比下降32.63pct。 2024Q1公司实现营收62.92亿元，同比下降3.49%；归母净利润2.78亿元，同比增加31.34%； ...

证券研究报告 公 2024年05月11日 司 报 告 纳思达(002180) │ 行 业： 计算机/计算机设备 公 投资评级： 买入 司 当前价格： 26.36元 年 计提大额资产减值致亏损，奔图产品结构改善 目标价格： 31.90元 报 点 事件： 评 基本数据 纳思达发布2023年年度报告和2024年第一季度报告，2023年公司实现营 总股本/流通股本(百万股) 1,416.41/1,309.04 收 240.62 亿元，同比下降 6.94%；归母净利润-61.85 亿元，同比下降 432.02%；扣非归母净利润-62.97 亿元，同比下降 476.88%；毛利率为 流通A股市值(百万元) 34,506.23 31.66%，同比下降 0.95pct。2024 年第一季度公司实现营收 62.92 亿元， 每股净资产(元) 6.80 同比下降3.49%；归母净利润2.78亿元，同比增长31.34%；扣非归母净利 资产负债率(%) 74.08 润2.65亿元，同比增长30.48%；毛利率为31.22%，同比下降3.66pct。 一年内最高/最低(元) 43.72/16.65 ➢ 奔图A3打印机24Q1出货量同比 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 24.06 billion yuan in 2023, a year-on-year decline of 6.94%, and a net loss attributable to shareholders of 6.185 billion yuan, a year-on-year decline of 432%. In Q1 2024, the company achieved a revenue of 6.3 billion yuan, a year-on-year decline of 3.5%, but a net profit of 278 million yuan, a year-on-year increase of 31%, which met market expectations [2][3] - The company has successfully commercialized high-end models, with the first self-developed A3 black-and-white and color copiers passing batch verification and external certification, officially entering commercial application [3] - The company has maintained a leading position in the general consumables market, with a revenue of 5.588 billion yuan in 2023, a year-on-year decline of 9%, but overall consumables shipment volume improved by 12% in Q1 2024 [3] Financial Forecasts and Valuation - The company's EPS for 2024-2025 has been revised down from 1.67/2.10 yuan to 0.86/1.19 yuan, with an expected EPS of 1.55 yuan for 2026. The company is expected to benefit from accelerated industry innovation and domestic semiconductor substitution, leading to continuous improvement in operational quality [4] - The company's total revenue is projected to reach 26.127 billion yuan in 2024, with a year-on-year growth of 8.58%, and a net profit of 1.211 billion yuan, representing a year-on-year growth of 119.59% [4][9]