上海纳尔实业股份有限公司（以下简称"公司"）第五届董事会第十七次会 议于2025年6月25日在公司会议室以现场与通讯方式召开。本次会议于2025年6 月20日以传真、电子邮件和正式文本等方式通知了全体董事。 证券代码：002825 证券简称：纳尔股份 公告编号：2025-034 上海纳尔实业股份有限公司 第五届董事会第十七次会议决议公告 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 本次会议应出席董事7人，实际出席董事7人。其中独立董事张薇女士、徐艳 辉女士及万国华先生均以通讯方式出席本次会议，公司高级管理人员列席了本次 会议。会议由董事长游爱国先生召集和主持，召集和召开的程序符合《中华人民 共和国公司法》及《公司章程》的规定。 二、董事会会议审议情况 1、审议通过了《关于调整2025年限制性股票激励计划相关事项的议案》 根据公司《2025年限制性股票激励计划（草案）》（以下简称《激励计划（草 案）》）及2024年年度股东大会的授权，鉴于公司2024年度利润分配方案已实施 完毕，董事会对2025年限制性股票激励计划（以下简称本次激励计 ...

上海纳尔实业股份有限公司 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。 上海纳尔实业股份有限公司（以下简称"公司"）2024年年度权益分派方案 已获2025年5月13日召开的2024年年度股东大会审议通过，现将权益分派事宜公 告如下： 一、股东大会审议通过利润分配方案情况 东 大 会 审 议 通 过 ， 公 司 总 股 本 342,028,676 股 扣 除 公 司 回 购 专 用 证 券 账 户 而不符合解锁条件的限制性股票1,410,609.00股后的股本336,890,127.00股为 基数，拟派发现金红利40,426,815.24元（含税）。本年度不送股、不进行资本 公积转增股本。《2024年年度股东大会决议公告》（公告编号：2025-029）详见 巨潮资讯网（www.cninfo.com.cn）和《证券时报》、《中国证券报》。 回购专用证券账户的股份数为基数，具体日期将在权益分派实施公告中明确。若 在分配方案实施前公司享有利润分配权的股本由于股份回购、股权激励行权、再 融资新增股份上市等原因而发生变化的，公司将以未来实施分配方案时股权登记 日的总股 ...

证券代码：002825 证券简称：纳尔股份 公告编号：2025-033 上海纳尔实业股份有限公司 2024年年度权益分派实施公告 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。 上海纳尔实业股份有限公司（以下简称"公司"）2024年年度权益分派方案 已获2025年5月13日召开的2024年年度股东大会审议通过，现将权益分派事宜公 告如下： 一、股东大会审议通过利润分配方案情况 1、 公司2024年年度权益分派方案已获2025年5月13日召开的2024年年度股 东大会审议通过，公司总股本342,028,676股扣除公司回购专用证券账户 3,727,940股、以及拟回购注销因员工离职及2024年度公司层面业绩考核未达标 而不符合解锁条件的限制性股票1,410,609.00股后的股本336,890,127.00股为 基数，拟派发现金红利40,426,815.24元（含税）。本年度不送股、不进行资本 公积转增股本。《2024年年度股东大会决议公告》（公告编号：2025-029）详见 巨潮资讯网（www.cninfo.com.cn）和《证券时报》、《中国证券报》。 2、 ...

Core Viewpoint - The company has approved the repurchase and cancellation of 1,410,609 restricted shares, which accounts for 0.41% of the total share capital before the repurchase, with a total cost of approximately RMB 4.75 million [1][8][10]. Summary by Sections 1. Implementation of the 2022 Restricted Stock Incentive Plan - The independent directors have expressed that the stock incentive plan complies with relevant laws and regulations, and does not infringe on the interests of the company and its shareholders [1][2]. - The plan includes a public notice period of 10 days for the list of proposed incentive objects, with no objections received from employees [2][3]. 2. Share Repurchase and Cancellation Details - The repurchase price for the restricted shares was set at RMB 3.3892 and RMB 3.3694 per share, with a total repurchase amount of RMB 4.75 million [1][10]. - The total number of shares after the repurchase will decrease from 342,028,676 shares to 340,618,067 shares [10]. 3. Reasons for Share Repurchase - The repurchase is due to the departure of incentive objects who no longer meet the conditions for the incentive plan, totaling 141,060.9 shares [8][9]. - The repurchase also includes shares that did not meet performance criteria for unlocking [9]. 4. Impact on Company Capital Structure - The repurchase will not significantly impact the company's operational performance or the diligence of the management team [10]. - The structure of the company's share capital will change, with restricted shares decreasing to zero after the repurchase [10].

证券代码：002825 证券简称：纳尔股份 公告编号：2025-032 上海纳尔实业股份有限公司 法、有效。 2、2022年6月6日，公司召开第四届监事会第二十一次会议，审议通过了《关 于公司<2022年限制性股票激励计划（草案）>及其摘要的议案》、《关于公司<2022 年限制性股票激励计划实施考核管理办法>的议案》、《关于公司<2022 年限制 性股票激励计划激励对象名单>的议案》。 关于限制性股票回购注销完成的公告 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。 特别提示： 1、上海纳尔实业股份有限公司（以下简称为"公司"）本次回购注销的限 制性股票合计为141.0609万股，占本次回购注销前公司总股本34,202.8676万股 的0.41%，并已经过董事会及股东大会审议通过。 2、回购注销80名员工共141.0609万股限制性股票，占公司总股本0.41%， 回购价格为3.3892元/股、3.3694元/股，涉及的回购价款为人民币475.38万元。 3、目前公司已在中国证券登记结算有限责任公司深圳分公司完成了上述限 制性股票的回购注销手续。本次回购注销完成 ...

Group 1 - Wan Shun New Materials is the top-ranked company with a strong brand value, operating its own factory for automotive films and having advanced production capabilities in multiple locations [1] - Nar Holdings, ranked second, specializes in automotive paint protection films and has developed proprietary coating technologies, ensuring high durability and resistance to environmental factors [2] - Double Star New Materials, ranked third, focuses on innovative new materials and has established a competitive position in the invisible car film market through its R&D and production capabilities [4] Group 2 - Tongli Technology, ranked fourth, has a significant market share in the window film sector and is expanding its presence in the invisible car film market by optimizing production processes [6] - Jinghua New Materials, ranked fifth, offers a range of functional film materials and is gradually increasing its market presence in the invisible car film segment through quality improvements [7] - Yongguan New Materials, ranked sixth, leverages its technical advantages in material production to create high-quality invisible car films and is working on market expansion [9] Group 3 - Tongyi Aerospace, ranked seventh, focuses on specific material R&D and has developed products for the invisible car film market, gaining a customer base through quality enhancements [11] - Hehe New Materials, ranked eighth, emphasizes strict quality control and technological innovation in the invisible car film industry, gradually building brand recognition [13] - Yiche, previously listed on NYSE, utilizes its automotive industry resources to provide reliable paint protection solutions, leveraging its platform influence for market expansion [15] Group 4 - Kangde Xin, a former leading brand in the film materials sector, is working to regain its market share and brand reputation in the invisible car film market after facing operational challenges [17]

5月30日，纳尔股份连续4个交易日下跌，区间累计跌幅-5.74%。上海纳尔实业股份有限公司(股票代码:002825)作为国内领先的精密涂布材料供应商,成立于 2002年底,凭借科学的治理结构、高效的供应链管理、不断的创新追求,为全球90多个国家及地区的客户提供品质稳定的产品和优质可靠的服务。 来源：金融界 财报显示，招商基金旗下招商量化精选股票A为纳尔股份前十大股东，今年一季度减持。今年以来收益率7.26%，同类排名232(总987)。 | 阶段涨幅 | 李度涨幅 年度涨幅 | | | | | | --- | --- | --- | --- | --- | --- | | | 近1周 | 近1月 | 近3月 | 近6月 | 今年来 | | 阶段涨幅 | 0.35% | 3.40% | -0.68% | 7.11% | 7.26 | | 同类平均3 | -0.15% | 1.25% | -0.65% | 2.32% | 3.53 | | 沪深300 | -1.08% | 1.85% | -1.28% | -1.95% | -2.41 | | 同类排名 3 | 307 1017 | 230 1013 | 502 ...

Core Viewpoint - The announcement of major shareholders and executives of Nar Holdings planning to reduce their stakes has led to a significant drop in the company's stock price, reflecting ongoing volatility in its performance and investor sentiment [1][3][11]. Shareholder Reduction - Two major shareholders, Wang Shuming and Yang Jiantang, plan to reduce their holdings by a combined total of up to 5.66% of the company's shares, with Wang intending to sell up to 10 million shares (2.97% of total shares) and Yang up to 9 million shares (2.67% of total shares) [3][6]. - Vice General Manager Shen Weifeng also plans to reduce his stake by up to 73,000 shares (0.02% of total shares) [3][6]. Financial Performance - Nar Holdings has experienced significant fluctuations in its financial performance, with 2021 revenues of 1.76 billion yuan, a 40.28% increase, but a net profit decline of 35.64% to 61.67 million yuan [7][9]. - In 2023, the company reported revenues of 1.49 billion yuan, an 8.09% decrease, and a net profit of 100.19 million yuan, down 71.54% from the previous year [8][9]. - The company showed signs of recovery in 2024, with projected revenues of 1.9 billion yuan, a 27.73% increase, and a net profit of 126 million yuan, up 26.09% [9][10]. Business Transition Challenges - Nar Holdings has been attempting to diversify into the hydrogen energy sector since 2021, establishing a subsidiary focused on fuel cell membrane electrode production [10]. - However, progress in the hydrogen energy project has been slow, with the company indicating that it is still in the research and trial production stages as of September 2024 [10][11]. Governance Issues - The company has faced internal governance issues, including a warning from the Shanghai Securities Regulatory Bureau regarding short-term trading by a former supervisor, which has raised concerns about its management practices [6][11].

证券代码：002825 证券简称：纳尔股份 公告编号：2025-031 上海纳尔实业股份有限公司 关于部分持股 5%以上股东及董监高股份减持计划的预披露公告 持股 5%以上的股东王树明先生、杨建堂先生、高管沈卫峰保证向本公司提 供的信息内容真实、准确和完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 持有公司股份 27,404,138 股（占公司总股本比例 8.13%）的股东王树明先生 计划在本公告披露起 15 个交易日后的 3 个月内（即 2025 年 6 月 13 日至 2025 年 9 月 12 日）通过集中竞价、大宗交易方式减持本公司股份不超过 10,000,000 股（占公司总股本的比例为 2.97%），其中：通过集中竞价方式减持公司股份不 超过 3,368,000 股（占公司总股本的比例为 1.00%）； 持有公司股份 25,475,632 股（占公司总股本比例 7.56%）的股东杨建堂先生 计划在本公告披露起 15 个交易日后的 3 个月内（即 2025 年 6 月 13 日至 2025 年 9 月 12 日）通过集中竞 ...

Company Overview - The main business areas of the company include digital printing materials (68% of revenue), automotive functional films (25%), and electronic and optical films (5%) [2] - The company's strategy focuses on "new materials and new energy" as dual drivers for growth [2] Market Strategies - The digital printing materials market is expanding with over 200 regional brand agents in China and exports to over 90 countries [3] - In the automotive functional film sector, the company has formed strategic partnerships to drive innovation and quality control [3][5] Financial Performance - The automotive functional film business is projected to grow by 50.62% in 2024, driven by increasing demand and the rise of high-value vehicles [5] - The company aims to maintain stable revenue and profit growth through deepening its core businesses [6] Product Development - The automotive protective film product line includes paint protection films, window films, and color change films, with a focus on quality and innovation [4][5] - The high-end paint protection film brand, NAR PPF, utilizes advanced self-healing technology and has a strong quality assurance process [5] Future Growth Opportunities - The company plans to explore partnerships in new materials, new energy, and semiconductor core materials to enhance its growth prospects [6]