内容概要：我国汽车膜市场随着汽车市场的繁荣而发展壮大，不论是新车市场还是售后市场对汽车膜需 求均与日俱增，据统计，2024年我国汽车膜需求量达25061.27万平方米，市场规模达499.92亿元，其 中，隔热膜约占70.46%，保护膜约占20.41%，改色膜约占9.13%，与此同时，随着消费升级，消费者从 基础遮光转向高隔热、防爆、防紫外线、隐私保护、防眩光的复合需求，陶瓷膜、多层复合膜逐步替代 传统染色膜与普通金属膜，智能调光、防雾、特种防护等细分品类快速起量。 上市企业：万顺新材（300057）、纳尔股份（002825） 相关企业：伊士曼（中国）投资管理有限公司、3M中国有限公司、圣戈班（中国）投资有限公司、强 生（中国）投资有限公司、浙江世窗光学薄膜制造有限公司、南通纳科达聚氨酯科技有限公司、上海魁 拔网络科技有限公司、上海永冠众诚新材料科技（集团）股份有限公司、浙江世窗光学薄膜制造有限公 司、浙江凯阳新材料股份有限公司 关键词：汽车膜市场政策、汽车膜产业链图谱、汽车膜供需现状、汽车膜市场规模、汽车膜竞争格局、 汽车膜发展趋势 一、概述 汽车膜是一种应用于汽车车窗及车身表面的特殊薄膜材料，主要起到隔热、 ...

证券时报·数据宝统计，截至今日下午13:59，上证综指3889.55点，收于半年线之上，涨跌幅0.66%，A 股总成交额为13787.76亿元。到目前为止，今日有198只A股价格突破了半年线，其中乖离率较大的个股 有明冠新材、纳尔股份、天保基建等，乖离率分别为15.32%、8.43%、8.17%；仁度生物、合力科技、 永新光学等个股乖离率较小，刚刚站上半年线。 11月27日突破半年线个股乖离率排名 （文章来源：证券时报网） | 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 半年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 688560 | 明冠新 材 | 20.03 | 9.84 | 14.66 | 16.90 | 15.32 | | 002825 | 纳尔股 份 | 9.98 | 7.66 | 10.57 | 11.46 | 8.43 | | 000965 | 天保基 建 | 9.98 | 8.96 | 4.28 | 4.63 | 8.17 ...

Core Viewpoint - The report by Zhiyan Consulting highlights the growth and market dynamics of the rubber and plastic products industry in China, indicating a positive trend in the number of enterprises and overall market potential from 2026 to 2032 [1] Industry Summary - As of January to September 2025, the number of enterprises in the rubber and plastic products industry reached 28,347, an increase of 1,457 compared to the same period last year, representing a year-on-year growth of 5.42% [1] - The rubber and plastic products industry accounts for 5.43% of the total industrial enterprises in China [1] - The report provides a comprehensive analysis and investment scale forecast for the rubber and plastic products industry, emphasizing the sector's growth potential and investment opportunities [1] Company Summary - The report mentions several listed companies in the rubber and plastic products sector, including Xinlun New Materials (002341), Shenjian Co., Ltd. (002361), and others, indicating a diverse range of players in the market [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing tailored consulting services to support investment decisions [1]

Group 1: Future Growth Drivers - The company aims to maintain strategic focus and long-termism while expanding its core business in digital printing materials, automotive functional films, and optical and electronic functional films to ensure stable revenue, profit, and cash flow growth [2][4] - The company is exploring partnerships in new materials, new energy, semiconductor core raw materials, core components, and key equipment for multi-level cooperation with suitable targets that have good technology and operational foundations [2][4] Group 2: Current Business Performance - The company's operational performance for the first three quarters is detailed in the Q3 report released on October 28, 2025 (Announcement No. 2025-059) [2][4] - Future disclosures will be based on periodic reports or other investor relations activities [2][4] Group 3: Acquisition Progress - The company has signed a letter of intent regarding the acquisition of Shanghai Feilai Testing and will follow legal and regulatory procedures for decision-making and information disclosure [2][4] - There is uncertainty regarding the completion of the transaction, and investors are advised to invest rationally and be aware of investment risks [2][4]

重要内容提示： 会议召开时间：2025 年 11 月 13 日（星期四）15:00-16:30 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 证券代码：002825 证券简称：纳尔股份 公告编号：2025-060 上海纳尔实业股份有限公司 关于参加 2025 年上海辖区上市公司三季报集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 三、 参加人员 董事会秘书、财务总监：游爱军先生 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 06 日（星期四）至 11 月 12 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@nar.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海纳尔实业股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发 布公司 2025 年第三季度报告，为便于广大投资者更 ...

Core Viewpoint - NAR Co., Ltd. is a significant player in the digital printing materials and automotive protective film sectors in China, with strong R&D and production capabilities, and has been publicly listed since November 29, 2016 [1] Group 1: Business Performance - For Q3 2025, NAR's revenue reached 1.468 billion yuan, ranking 12th among 21 companies in the industry, with the top company, Wankai New Materials, generating 12.436 billion yuan [2] - The net profit for the same period was 147 million yuan, placing NAR 4th in the industry, with the leading company, Weike Technology, reporting a net profit of 233 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, NAR's debt-to-asset ratio was 41.09%, down from 42.66% year-on-year, which is higher than the industry average of 33.77% [3] - The gross profit margin for Q3 2025 was 19.79%, an increase from 17.34% year-on-year, but still below the industry average of 21.93% [3] Group 3: Executive Compensation - The chairman and general manager, You Aiguo, received a salary of 611,900 yuan in 2024, an increase of 96,500 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.62% to 20,800, while the average number of circulating A-shares held per account decreased by 2.04% to 12,300 [5]

Group 1 - The core point of the article is that Nar Holdings (SZ 002825) announced the convening of its fifth board meeting on October 24, 2025, to review the proposal for the 2025 Q3 report [1] - For the first half of 2025, Nar Holdings reported that its revenue composition was entirely from the precision coating composite materials industry, accounting for 100.0% [1] - As of the report date, Nar Holdings has a market capitalization of 3.9 billion yuan [1]

证券代码：002825 证券简称：纳尔股份 公告编号：2025-058 上海纳尔实业股份有限公司 第五届董事会第二十次会议决议公告 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、董事会会议召开情况 1、公司第五届董事会第二十次会议决议。 1 / 2 特此公告。 上海纳尔实业股份有限公司董事会 二、董事会会议审议情况 1、审议通过了《关于公司<2025年第三季度报告>的议案》 《2025年第三季度报告》全文详见巨潮资讯网（www.cninfo.com.cn）；《2025 年第三季度报告》（公告编号：2025-059）详见巨潮资讯网（www.cninfo.com.cn） 和《证券时报》、《中国证券报》。 审议结果：同意7票，反对0票，弃权0票。 三、备查文件 上海纳尔实业股份有限公司（以下简称"公司"）第五届董事会第二十次会 议于2025年10月24日在公司会议室以现场结合通讯方式召开。本次会议于2025 年10月21日以电话、电子邮件或正式文本等方式通知了全体董事。 本次会议应出席董事7人，实际出席董事7人，其中董事陈然方先生、独立董 事张薇女士、独立董事 ...

Revenue and Profitability - Q3 2025 revenue reached ¥495.72 million, a year-on-year increase of 1.63%[5] - Net profit attributable to shareholders was ¥29.32 million, down 32.61% compared to the same period last year[5] - Basic earnings per share decreased by 33.33% to ¥0.08[5] - Total operating revenue for the current period reached ¥1,467,907,409.47, an increase of 3.5% compared to ¥1,421,648,925.55 in the previous period[16] - Net profit for the current period was ¥147,293,190.20, representing a 35.6% increase from ¥108,613,109.37 in the previous period[17] - Earnings per share (EPS) increased to ¥0.42 from ¥0.31, marking a growth of 35.5%[17] - The company reported an increase in tax expenses to ¥18,762,584.81 from ¥4,273,768.30, indicating a significant rise due to improved profitability[17] - The company achieved investment income of ¥66,665,744.15, which is a substantial increase from ¥33,453,075.43 in the previous period, representing a growth of 99.0%[16] Assets and Liabilities - Total assets increased by 9.05% to ¥2.78 billion compared to the end of the previous year[5] - The company's total assets as of September 30, 2025, amount to CNY 2,784,590,711.63, an increase from CNY 2,553,537,177.41 at the beginning of the period[14] - Current assets total CNY 1,511,187,559.57, up from CNY 1,343,370,638.89 at the beginning of the period, reflecting a growth of approximately 12.5%[13] - The company's total liabilities are CNY 1,144,306,590.96, compared to CNY 1,025,242,730.61 at the beginning of the period, indicating an increase of about 11.6%[14] - The total equity attributable to the parent company is CNY 1,619,450,029.84, up from CNY 1,518,704,316.10 at the beginning of the period[15] Cash Flow - The cash flow from operating activities for the year-to-date was ¥85.10 million, an increase of 13.61%[5] - Cash flow from operating activities generated ¥85,095,994.42, compared to ¥74,900,935.28 in the previous period, indicating a rise of 13.3%[18] - Cash flow from investing activities resulted in a net outflow of ¥99,793,409.39, worsening from a net outflow of ¥16,209,560.24 in the previous period[18] - Cash flow from financing activities yielded a net inflow of ¥99,844,802.04, up from ¥52,575,283.09 in the previous period, showing an increase of 89.9%[19] - The total cash and cash equivalents at the end of the period stood at ¥622,840,257.58, compared to ¥609,219,127.32 at the end of the previous period, reflecting a growth of 2.0%[19] Investments and Fair Value - Investment income rose by 99.28% to ¥66.67 million due to the transfer of equity in a subsidiary[9] - The fair value change income increased by 216.35% to ¥9.17 million, attributed to net value changes in private equity funds[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,843[10] - The largest shareholder, You Aiguo, holds 28.34% of the shares, totaling 96,798,244 shares[10] Inventory and Borrowings - The company reported a decrease in short-term borrowings to CNY 362,101,031.18 from CNY 241,007,904.68, indicating a significant increase of approximately 50.4%[14] - The company's inventory decreased to CNY 227,388,296.91 from CNY 234,225,134.23, a decline of about 2.9%[13] - The long-term equity investments decreased slightly to CNY 419,364,892.78 from CNY 432,019,676.79[13] Other Information - The company reported a significant increase in prepayments for material procurement, up 260.94% to ¥50.61 million[9] - The company experienced a 91.55% increase in taxes and additional charges due to increased export tax exemptions[9] - The third quarter financial report of Shanghai Narl Industrial Co., Ltd. has not been audited[20] - The new accounting standards will be implemented starting from 2025[20] - The financial statement adjustments related to the first execution year will be applicable[20] - The board of directors announced the financial report on October 24, 2025[20]

Market Overview - The plastic sector experienced a decline of 0.51% on October 23, with Nal shares leading the drop [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Notable gainers in the plastic sector included: - Huibai New Materials (code: 301555) with a closing price of 32.39, up 4.52% [1] - Bofei Electric (code: 001255) with a closing price of 32.90, up 3.39% [1] - Yinggelinian (code: 688087) with a closing price of 30.20, up 3.35% [1] - Nal shares (code: 002825) led the declines with a closing price of 11.33, down 3.82% [2] - Other significant decliners included: - Guoen shares (code: 002768) down 3.66% [2] - Daon shares (code: 002838) down 3.58% [2] Capital Flow - The plastic sector saw a net outflow of 492 million yuan from institutional investors, while retail investors contributed a net inflow of 407 million yuan [2][3] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remained active [2][3] Individual Stock Capital Flow - C Daosheng (code: 601026) had a net inflow of 55.96 million yuan from institutional investors, while retail investors showed a net outflow [3] - Xiangyuan New Materials (code: 300980) saw a net inflow of 14.10 million yuan from institutional investors [3] - Yinggelinian (code: 688087) experienced a net inflow of 5.25 million yuan from retail investors despite a net outflow from institutional investors [3]