投资者关系活动记录表 上海纳尔实业股份有限公司 证券代码:002825 证券简称:纳尔股份 编号: 2025-001 上海纳尔实业股份有限公司 1、2024 年一至三季度营业收入及净利润情况？增长的主要驱 动因素及其可持续性？ 2024 年一至三季度公司实现营业收入 14.22 亿，同比增长 32.67%；归属于上市公司股东的净利润 1.08 亿，同比增长 87.67%。 营业收入及利润增长主要来自数码喷印材料的外销业务及汽车功 能膜两大业务板块。数码喷印材料一方面因公司生产规模及产业链 条完整性已处行业内前列，规模效应显著；另一方面因数码喷印材 料广泛应用于户外广告、装饰美饰等领域，一定程度上持续受国内 外宏观经济以及商业活动、政治活动、文体活动等活跃度变化的周 期性影响，从公司经营数据来看 2024 年一至三季度外销业务增长 相对较高。汽车功能膜产品主因当前新能源车市场渗透率提高、行 业景气度提升、公司产品竞争优势不断增强、产品研发创新、内部 激励机制创新及渠道拓展等多方面因素共同作用，导致公司 2024 年度该业务整体取得较大增长。 2、公司汽车保护膜产品的细分品类及销售模式？ 公司汽车保护膜产品主要包 ...

第五届监事会第十四次会议决议公告 本公司及监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。 证券代码：002825 证券简称：纳尔股份 公告编号：2024-069 上海纳尔实业股份有限公司 一、监事会会议召开情况 审议结果：同意3票，反对0票，弃权0票。 1 本项议案尚需提请公司股东大会审议。 2、审议通过了《关于使用自有资金开展外汇衍生品交易业务的议案》 上海纳尔实业股份有限公司（以下简称"公司"）第五届监事会第十四次会 议于2024年12月28日在公司会议室以现场结合通讯方式召开。本次会议于2024 年12月23日以电子邮件、电话、即时通讯工具或专人送达等方式通知了全体监事。 本次会议应出席监事3人，实际出席监事3人，其中监事游志新先生以通讯表 决方式参加了本次会议。会议由监事会主席邵贤贤女士主持，会议的召开和表决 的程序符合《中华人民共和国公司法》及公司章程的规定。 二、监事会会议审议情况 1、审议通过了《关于使用自有资金进行现金管理业务的议案》 公司及南通百纳数码新材料有限公司、南通纳尔材料科技有限公司、丰城纳 尔科技集团有限公司等控股子公司使用不超过人民币10 ...

证券代码：002825 证券简称：纳尔股份 公告编号：2024-068 一、董事会会议召开情况 上海纳尔实业股份有限公司（以下简称"公司"）第五届董事会第十四次会 议于2024年12月28日在公司会议室以现场结合通讯方式召开。本次会议于2024 年12月23日以电子邮件、电话、即时通讯工具或专人送达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 事蒋炜先生以通讯表决的方式参加了本次会议，公司监事、高级管理人员列席了 本次会议。会议由董事长游爱国先生主持，会议的程序符合《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《关于使用自有资金进行现金管理业务的议案》 公司及南通百纳数码新材料有限公司、南通纳尔材料科技有限公司、丰城纳 尔科技集团有限公司等控股子公司使用不超过人民币100,000万元的暂时闲置自 有资金投资具有合法经营资格的金融机构销售的安全性高、流动性好的理财产品、 存款类产品以及国债逆回购、存托凭证等产品，投资期限自股东大会审议通过起 12个月内有效。 《关于使用自有资金进行现金管理业务的公告》（公告编号：2024- ...

Group 1: Company Overview - The company primarily operates in digital printing materials, automotive functional films, and electronic and optical films, contributing 65%, 30%, and approximately 5% to total revenue respectively [2] - The main business strategy focuses on "new materials and new energy" as dual drivers for growth [2] Group 2: Market Strategy and Development - The digital printing materials segment aims to expand market share, strengthen the supply chain, and enhance product quality and stability [2] - The automotive protective films and optical films strategy includes increasing R&D investment and expanding manufacturing capabilities [2] Group 3: Hydrogen Energy Initiatives - The company is actively developing hydrogen energy fuel cell membranes, forming a technical and operational team to accelerate R&D [3] - A hydrogen energy industry fund has been established to incubate synergistic enterprises with market advantages [3] Group 4: Recent Performance and Growth Drivers - Revenue growth in the first three quarters of 2024 is primarily driven by the increase in sales of digital printing materials and automotive functional films [5] - The automotive protective film market is experiencing significant growth due to rising demand for new energy vehicles and consumer preferences for customization [5] Group 5: Capacity Expansion - The company is addressing capacity bottlenecks with the gradual release of production capacity at the Jiangxi Fengcheng smart factory in 2024 [5] - Investments in refined management, R&D, and marketing channels are supporting overseas market expansion and the establishment of a manufacturing base in Thailand [5]

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥933,875,193.79, representing a 40.50% increase compared to ¥664,677,798.85 in the same period last year[13]. - Net profit attributable to shareholders was ¥64,042,043.99, up 56.76% from ¥40,852,273.70 year-on-year[13]. - The net profit after deducting non-recurring gains and losses was ¥63,095,317.92, reflecting a 31.62% increase from ¥47,938,909.14 in the previous year[13]. - Basic earnings per share increased to ¥0.19, a rise of 58.33% compared to ¥0.12 in the same period last year[13]. - The company achieved a revenue of 933.88 million yuan, representing a 40.50% increase compared to the previous year[28]. - Net profit reached 64.26 million yuan, marking a 54.63% year-on-year growth, with basic earnings per share at 0.19 yuan[28]. - The company reported a significant increase in revenue, achieving a total of $500 million for the first half of 2024, representing a 20% growth compared to the same period last year[134]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the first half of 2024, representing a 15% year-over-year growth[186]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥2,476,980,396.19, marking a 3.61% increase from ¥2,390,677,007.29 at the end of the previous year[13]. - The net assets attributable to shareholders increased to ¥1,459,906,550.08, a 1.14% rise from ¥1,443,392,227.17 at the end of the previous year[13]. - Cash and cash equivalents at the end of the reporting period were ¥574,782,390.87, representing 23.20% of total assets[34]. - Accounts receivable increased to ¥314,569,922.10, which is 12.70% of total assets, due to increased revenue[34]. - The company's short-term borrowings rose to ¥158,500,000, accounting for 6.40% of total liabilities, attributed to increased bill discounts[34]. - The total current assets at the end of the reporting period are ¥1,249,362,605.22, compared to ¥1,184,451,300.56 at the beginning, indicating an increase of about 5.5%[93]. - The total liabilities increased to CNY 1,010,156,660.40 from CNY 940,586,183.49, representing a growth of about 7.4%[95]. - The total equity attributable to shareholders at the end of the first half of 2024 was 1,466,823,735.79, compared to 1,450,090,823.80 at the end of the previous year[110]. Cash Flow - The net cash flow from operating activities was ¥7,510,149.60, down 88.93% from ¥67,835,204.20 in the same period last year[13]. - Cash flow from operating activities was ¥7.51 million, a significant decrease from ¥67.84 million in the first half of 2023[105]. - The net cash flow from financing activities was negative at -10,643,028.95 in the first half of 2024, contrasting with a positive inflow of 1,042,000.00 in the same period of 2023[108]. - The total cash and cash equivalents at the end of the first half of 2024 stood at 485,581,692.34, an increase from 327,534,344.40 at the end of the first half of 2023[108]. Research and Development - The company has invested nearly ¥20 million in energy-saving modifications at its Nantong factory, resulting in a reduction of approximately 3,118 tons of CO2 emissions annually[20]. - The company’s R&D investment increased by 21.51% to 43.33 million yuan, reflecting a commitment to innovation[29]. - The company applied for 26 patents during the reporting period, including 8 invention patents, with a total of 17 invention patents authorized by June 2024[24]. - Research and development expenses rose to ¥43,333,655.26, up from ¥35,661,488.81, marking a 21.5% increase year-over-year[100]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product features and user experience[186]. Market and Product Development - The automotive protective film market is experiencing significant growth due to the rise of new energy vehicles and increasing consumer demand[18]. - The company has a diverse product range with over a hundred types, focusing on precision coating composite materials[17]. - The automotive protective film segment saw a strategic partnership with well-known manufacturers, enhancing brand influence and market expansion[26]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2025[134]. - New product launches are expected to contribute an additional $100 million in revenue, with a focus on innovative technology solutions[134]. Risk Management - The company faces risks from fluctuations in raw material prices, particularly in petrochemical and paper products, which significantly impact production costs[4]. - The company plans to mitigate risks from raw material price fluctuations by engaging in strategic stockpiling and futures hedging for PVC resin powder[51]. - The company has implemented measures to address risks from intensified market competition by investing in R&D and optimizing product cost-performance ratios[49]. - The company actively communicates with clients and logistics partners to mitigate risks associated with geopolitical conflicts affecting logistics and delivery[48]. Corporate Governance and Compliance - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, by maintaining a robust corporate governance structure[60]. - The company has committed to reducing and regulating related party transactions to ensure fairness and transparency[63]. - The company has established a comprehensive internal control system to prevent commercial bribery and protect the rights of suppliers and customers[61]. - The company will actively compensate investors for any losses incurred due to significant information disclosure flaws[64]. - The company has committed to strict adherence to information disclosure responsibilities to protect investor interests[63]. Environmental and Social Responsibility - The company is committed to ESG sustainability strategies, focusing on energy efficiency and green material development[19]. - The company has made significant investments in safety and environmental protection to ensure compliance with emission standards[60]. - The company is not classified as a key pollutant discharge unit and has implemented measures to reduce carbon emissions[60]. - The company aims for sustainable development by balancing economic benefits with social and environmental responsibilities[60]. Financial Instruments and Accounting Policies - The company applies expected credit loss model for impairment of financial assets, including loans and debt instruments measured at fair value[144]. - The expected credit loss rates for accounts receivable are as follows: 5% for within 1 year, 10% for 1-2 years, 40% for 2-3 years, and 100% for over 3 years[150]. - The company recognizes loss provisions based on the cumulative changes in expected credit losses since initial recognition for credit-impaired financial assets[144]. - The company recognizes rental income from operating leases on a straight-line basis over the lease term, with initial direct costs capitalized and amortized[200].

Economic Environment and Market Demand - The company reported a significant impact on the demand for its digital printing materials and automotive protective films due to fluctuations in the domestic and international economic environment, influenced by events such as the US dollar interest rate hikes and geopolitical conflicts[1]. - The company faces risks from exchange rate fluctuations, particularly the appreciation of the RMB, which affects the price competitiveness of its export products and may lead to reduced demand from overseas customers[2]. - The digital printing materials industry is characterized by intense competition, with domestic manufacturers facing challenges from international companies that have advantages in technology and market share[5]. - The automotive protective film market is expected to grow significantly due to increasing car ownership in China, which has reached nearly 435 million vehicles[24]. Financial Performance - The company's operating revenue for 2023 was ¥1,487,454,504.69, a decrease of 8.09% compared to ¥1,618,314,816.20 in 2022[16]. - The net profit attributable to shareholders for 2023 was ¥100,190,503.70, down 71.54% from ¥351,980,089.67 in 2022[16]. - The net profit after deducting non-recurring gains and losses was ¥96,342,114.06, an increase of 20.81% from ¥79,750,026.76 in 2022[16]. - The company reported a basic earnings per share of ¥0.30 for 2023, down 71.43% from ¥1.05 in 2022[16]. - The company achieved operating revenue of CNY 1.487 billion in 2023, a decrease of 8.09% compared to the previous year, and a net profit of CNY 100 million, down 71.54% year-on-year[38]. Cost Management and Raw Material Prices - The prices of key raw materials, including PVC resin and polyurethane, significantly affect the company's production costs, with these materials accounting for a high proportion of total production costs[4]. - The company actively manages raw material price risks through strategic stockpiling and futures contracts to hedge against price volatility[4]. - The cost of materials for vehicle wraps accounted for 86.34% of the total operating costs in 2023, slightly down from 88.79% in 2022[45]. Research and Development - The company has applied for a total of 30 invention patents during the reporting period, with 16 patents granted and 2 related to hydrogen energy[30]. - The company has invested significantly in technology research and product process optimization, resulting in a strong industry R&D capability[29]. - Research and development expenses decreased by 14.20% to 74,491,070.87 yuan in 2023, compared to 86,824,205.36 yuan in 2022[50]. - R&D personnel increased by 22.46% from 138 in 2022 to 169 in 2023, accounting for 18.27% of total employees[52]. Cash Flow and Financial Position - The cash flow from operating activities net amount was ¥156,635,962.76, up 22.70% from ¥127,652,511.30 in 2022[16]. - Cash and cash equivalents increased by 512.61% to ¥74,932,898.33 compared to a decrease of ¥18,160,915.60 in 2022[54]. - The total assets at the end of 2023 were ¥2,390,677,007.29, an increase of 21.42% from ¥1,968,896,053.99 at the end of 2022[16]. - The company's total current liabilities increased to CNY 636,898,877.28 from CNY 431,201,329.72, which is an increase of approximately 47.7%[192]. Corporate Governance and Shareholder Engagement - The company held 7 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[77]. - The independent directors attended all board meetings and did not raise any objections to the resolutions made[78]. - The company emphasizes transparency in information disclosure, adhering to legal requirements and enhancing communication with investors[79]. - The company maintains complete independence in assets, personnel, finance, and operations from its controlling shareholders[80]. Environmental and Social Responsibility - The company is committed to social responsibility, focusing on harmonious development while pursuing economic benefits and environmental protection[126]. - The company will continue to invest in green sustainable strategies, aiming to reduce energy consumption and enhance environmental protection measures[72]. - The company has increased investments in safety and environmental protection, aiming to reduce resource consumption and carbon emissions[129]. Future Outlook and Strategic Initiatives - The company aims to enhance its core competitiveness and expand into new markets through ongoing R&D efforts and product innovations[51]. - The company plans to enhance digital construction across factories in Fengcheng, Shanghai, Nantong, Dongguan, and Thailand, focusing on lean and smart production in 2024[70]. - The company plans to expand its market presence and invest in new product development to enhance competitiveness in the industry[88].

Financial Performance - The company's operating revenue for the first half of 2024 was ¥933,875,193.79, representing a 40.50% increase compared to ¥664,677,798.85 in the same period last year[1] - Net profit attributable to shareholders for the first half of 2024 was ¥64,042,043.99, up 56.76% from ¥40,852,273.70 in the previous year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥63,095,317.92, a 31.62% increase from ¥47,938,909.14 in the same period last year[2] - Basic and diluted earnings per share for the first half of 2024 were both ¥0.19, reflecting a 58.33% increase from ¥0.12 in the same period last year[2] - Q1 2023 revenue was $328.86 million, Q2 was $335.82 million, Q3 was $406.91 million, and Q4 was $415.86 million, showing a steady increase throughout the year[11] - Net profit attributable to shareholders for Q1 was $20.35 million, Q2 was $20.51 million, Q3 dropped to $16.45 million, and Q4 surged to $42.89 million[11] - The net profit excluding non-recurring gains and losses for Q1 was $17.50 million, Q2 increased to $30.44 million, Q3 was $22.07 million, and Q4 was $26.33 million[11] Cash Flow - The net cash flow from operating activities decreased significantly by 88.93%, amounting to ¥7,510,149.60 compared to ¥67,835,204.20 in the previous year[2] - Operating cash inflow for 2023 was ¥1,681,880,754.42, down 16.65% from ¥2,017,964,585.03 in 2022[6] - Net cash flow from operating activities for Q1 was $17.71 million, Q2 was $50.13 million, Q3 decreased to $15.53 million, and Q4 significantly increased to $73.27 million[11] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,476,980,396.19, a 3.61% increase from ¥2,390,677,007.29 at the end of the previous year[2] - The net assets attributable to shareholders increased by 1.14%, reaching ¥1,459,906,550.08 compared to ¥1,443,392,227.17 at the end of the previous year[2] Financing Activities - The company reported a significant increase in financing cash inflow by 97.95%, totaling ¥364,473,841.00 compared to ¥184,120,546.00 in the previous year[6] Research and Development - Research and development expenses decreased by 14.20%, amounting to ¥74,491,070.87 compared to ¥86,824,205.36 in the previous year[8] Information Disclosure - The company expressed apologies for any confusion caused by the corrections in the financial reports and emphasized the commitment to improving information disclosure quality[11]

证券代码：002825 证券简称：纳尔股份 公告编号：2024-067 上海纳尔实业股份有限公司 关于股份回购实施结果暨股份变动的公告 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。 上海纳尔实业股份有限公司（以下简称"公司"）于2023年11月5日召开第五 届董事会第七次会议和第五届监事会第七次会议，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方式回购部分公司已发行 的人民币普通股（A股），拟用于实施股权激励或员工持股计划。本次用于股份 回购的资金总额为不低于人民币2,000万元（含）且不超过人民币4,000万元（含）， 回购股份价格为不超过人民币10元/股（含），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。回购股份的期限为自公司董事会审议通过本次回购 方案之日起12个月内。具体内容请详见公司于2023年11月7日、2023年11月8日、 2023年11月11日披露的《关于回购公司股份方案的公告》（公告编号：2023-064）、 《回购报告书》（公告编号：2023-066）、《关于首次回购公司股份的公告》（公 告编 ...

证券代码：002825 证券简称：纳尔股份 公告编号：2024-063 1、审议通过了《关于公司<2024年第三季度报告>的议案》 《2024年第三季度报告》全文详见巨潮资讯网（www.cninfo.com.cn）；《2024 年第三季度报告》（公告编号：2024-065）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。 特此公告。 第五届董事会第十三次会议决议公告 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 上海纳尔实业股份有限公司（以下简称"公司"）第五届董事会第十三次会 议于2024年10月25日在公司会议室以现场结合通讯方式召开。本次会议于2024 年10月18日以传真、电子邮件和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。公司监事、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 上海纳尔实业股份有限公司 上 ...

证券代码：002825 证券简称：纳尔股份 公告编号：2024-064 上海纳尔实业股份有限公司 第五届监事会第十三次会议决议公告 本公司及监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、监事会会议召开情况 二、监事会会议审议情况 1、审议通过了《关于公司<2024年第三季度报告>的议案》 《2024年第三季度报告》全文详见巨潮资讯网（www.cninfo.com.cn）；《2024 年第三季度报告》（公告编号：2024-065）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3票，反对0票，弃权0票。 特此公告。 上海纳尔实业股份有限公司（以下简称"公司"）第五届监事会第十三次会 议于2024年10月25日在公司会议室以现场结合通讯方式召开。本次会议于2024 年10月18日以传真、电子邮件和正式文本等方式通知了全体监事。 本次会议应出席监事3人，实际出席监事3人。会议由监事会主席邵贤贤女士 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。 上海纳尔实业股份有限公司监事会 2024 ...