Core Viewpoint - NAR Co., Ltd. is acquiring a controlling stake in Feilai Testing Technology Co., Ltd. through a share purchase agreement, with an estimated transaction value of approximately 350 to 400 million yuan, which will enhance its industry layout and provide new growth opportunities in the semiconductor equipment sector [1][3]. Group 1: Investment Details - The investment will result in NAR holding at least 51% of Feilai Testing, thereby gaining control over the company [1]. - The expected revenue contribution from Feilai Testing to NAR's total revenue in 2024 is projected to be less than 50% [1]. - The financial metrics of Feilai Testing do not meet the criteria for a major asset restructuring as per regulatory standards [1]. Group 2: Feilai Testing Overview - Feilai Testing specializes in semiconductor chip testing reliability solutions, offering a comprehensive range of products including wafer AOI equipment and chip testers [2]. - The company has received multiple honors, including national-level "Little Giant" and high-tech enterprise designations, and holds 45 patents as of December 2024 [2]. - Feilai Testing's projected revenues for 2024 and the first half of 2025 are 123 million yuan and 92.46 million yuan, respectively, with net profits of 1.90 million yuan and 22.93 million yuan [2]. Group 3: Strategic Rationale - The acquisition aligns with NAR's strategic direction to diversify its business and leverage its financial stability and operational cash flow [3]. - NAR aims to enhance its presence in the semiconductor equipment sector, seeking new profit growth points through this acquisition [3]. - The company has prior indirect investment in Feilai Testing, providing it with foundational knowledge of the target's operations and market [3]. Group 4: Future Integration Plans - Post-acquisition, NAR plans to streamline Feilai Testing's management systems across sales, procurement, and R&D while ensuring operational stability [4]. - The integration aims to maximize resource utilization and achieve synergies in cost control, market expansion, and production technology [4]. - The goal is to enhance NAR's overall competitiveness through effective resource sharing and complementary advantages [4].

上海菲莱测试技术有限公司专注于半导体芯片测试可靠性解决方案，提供从晶圆、芯片到器件的全形态 方案，具体包括晶圆AOI设备、芯片测试机、COCO自动上下料设备、CoC老化系统、COB测试机、Soc 老化设备等，旗下拥有"FeedLiTech"自主品牌。公司总部及研发中心位于上海，在江苏无锡和南通分别 设有制造基地。公司分别获得国家级专精特新"小巨人"、高新技术企业、专精特新企业等荣誉。截止 2024年12月，已获得45项专利授权，其中实用新型29项、发明授权12项、外观设计4项。 格隆汇10月15日丨纳尔股份(002825.SZ)公布，公司与上海菲光管理咨询合伙企业（有限合伙）、张华 签订了《股权收购意向协议》，投资方以受让出售方所持上海菲莱测试技术有限公司（简称"目标公 司"）股权的方式投资目标公司。本次投资完成后，投资方将持有目标公司不低于51%的股权，取得目 标公司的控制权。具体受让股权比例在正式交易协议中明确，交易金额预计为人民币3.5亿至4亿元左 右。 ...

Core Viewpoint - The company, Nal Shares, has signed a share acquisition intention agreement to invest in Shanghai Filai Testing Technology Co., Ltd, aiming to acquire at least 51% of its shares and gain control over the company [1] Group 1: Investment Details - The investment amount is estimated to be around 350 million to 400 million yuan [1] - The transaction involves acquiring shares from Shanghai Feiguang Management Consulting Partnership and an individual named Zhang Hua [1] Group 2: Strategic Implications - By obtaining a controlling stake in Filai Testing, the company is positioning itself to enhance its capabilities and market presence in the testing technology sector [1]

证券代码：002825 证券简称：纳尔股份 公告编号：2025-056 上海纳尔实业股份有限公司 关于签订股权收购意向协议的公告 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、本次交易存在不确定性，本次签署的意向协议系公司与交易对方就本次 交易达成的初步意向，交易各方需根据尽职调查、审计、评估结果并经公平商议 后进一步确认是否签署正式协议，最终交易能否达成尚存在不确定性。敬请广大 投资者理性投资，注意投资风险。 2、公司将根据交易事项后续进展情况，按照相关法律、行政法规、部门规 章及规范性文件和《上海纳尔实业股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，及时履行相应的决策审批程序和信息披露义务。 3、本次投资协议的签订不构成关联交易，也不构成《上市公司重大资产重 组管理办法》规定的重大资产重组。 4、鉴于本次投资具体金额暂无法确定，对公司 2025 年度及未来年度的资 产、负债和经营业绩等的影响需根据项目的实际推进和实施情况而定，暂无法确 定对公司短期业绩的影响。 一、协议签署概述 上海纳尔实业股份有限公司（以下简称"公司"或" ...

公告显示，上海菲莱测试技术有限公司专注于半导体芯片测试可靠性解决方案，提供从晶圆、芯片到器 件的全形态方案，具体包括晶圆AOI设备、芯片测试机、COCO自动上下料设备、CoC老化系统、COB 测试机、Soc老化设备等，旗下拥有"FeedLiTech"自主品牌。 通过本次交易，目标公司将成为上市公司的控股子公司，本次交易系上市公司按照"大力发展新质生产 力"的指引，以维稳主营和开发新领域为发展方向，尝试进入半导体设备、设备零部件等领域，以获得 新的利润增长点及发展机会。 智通财经APP讯，纳尔股份(002825.SZ)公告，公司作为投资方与上海菲光管理咨询合伙企业(有限合 伙)、张华签订了《股权收购意向协议》，投资方以受让出售方所持上海菲莱测试技术有限公司股权的 方式投资目标公司。投资完成后，投资方将持有目标公司不低于51%的股权，取得目标公司的控制权。 交易金额预计为人民币3.5亿至4亿元左右。 ...

纳尔股份公告，公司与上海菲光管理咨询合伙企业（有限合伙）、张华签订了《股权收购意向协议》， 投资方以受让出售方所持上海菲莱测试技术有限公司股权的方式投资目标公司。本次投资完成后，投资 方将持有目标公司不低于51%的股权，取得目标公司的控制权。交易金额预计为人民币3.5亿至4亿元左 右。上海菲莱测试技术有限公司专注于半导体芯片测试可靠性解决方案，提供从晶圆、芯片到器件的全 形态方案，具体包括晶圆AOI设备、芯片测试机、COCO自动上下料设备、CoC老化系统、COB测试 机、Soc老化设备等，旗下拥有"FeedLiTech"自主品牌。通过本次交易，目标公司将成为上市公司的控 股子公司。 ...

Core Viewpoint - Nal Shares (002825.SZ) announced a strategic investment in Shanghai Feilai Testing Technology Co., Ltd., aiming to acquire at least 51% of the company's equity, thereby gaining control over it. The transaction is valued between RMB 350 million to 400 million, reflecting the company's intent to expand into the semiconductor equipment sector and enhance its profit growth opportunities [1][1][1]. Group 1: Investment Details - The investment involves a share acquisition agreement with Shanghai Feiguang Management Consulting Partnership and Zhang Hua [1]. - The expected transaction amount is approximately RMB 350 million to 400 million [1]. - Post-transaction, Shanghai Feilai Testing Technology will become a subsidiary of the listed company [1]. Group 2: Company Focus - Shanghai Feilai Testing Technology specializes in semiconductor chip testing reliability solutions, offering comprehensive solutions from wafers to devices [1]. - The company provides various equipment, including wafer AOI devices, chip testers, automatic loading and unloading equipment, aging systems, and COB testers, under its own brand "FeedLiTech" [1]. - This acquisition aligns with the listed company's strategy to develop new productive capabilities and stabilize its main business while exploring new fields [1].

公告显示，上海菲莱测试技术有限公司专注于半导体芯片测试可靠性解决方案，提供从晶圆、芯片到器 件的全形态方案，具体包括晶圆AOI设备、芯片测试机、COCO自动上下料设备、CoC老化系统、COB 测试机、Soc老化设备等，旗下拥有"FeedLiTech"自主品牌。 纳尔股份（002825）(002825.SZ)公告，公司作为投资方与上海菲光管理咨询合伙企业(有限合伙)、张华 签订了《股权收购意向协议》，投资方以受让出售方所持上海菲莱测试技术有限公司股权的方式投资目 标公司。投资完成后，投资方将持有目标公司不低于51%的股权，取得目标公司的控制权。交易金额预 计为人民币3.5亿至4亿元左右。 通过本次交易，目标公司将成为上市公司的控股子公司，本次交易系上市公司按照"大力发展新质生产 力"的指引，以维稳主营和开发新领域为发展方向，尝试进入半导体设备、设备零部件等领域，以获得 新的利润增长点及发展机会。 ...

纳尔股份10月15日晚间公告，公司与上海菲光管理咨询合伙企业（有限合伙）、张华签订了《股权收购 意向协议》，公司以受让出售方所持上海菲莱测试技术有限公司（下称"目标公司"）股权的方式投资目 标公司。本次投资完成后，公司将持有目标公司不低于51%的股权，取得目标公司的控制权。具体受让 股权比例在正式交易协议中明确，交易金额预计为人民币3.5亿至4亿元左右。 ...

Market Overview - On October 10, the plastic sector declined by 0.63% compared to the previous trading day, with Jun Ding Da leading the decline [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Notable gainers in the plastic sector included: - Nalco Co. (002825) with a closing price of 10.74, up 10.04% and a trading volume of 241,600 shares, totaling 253 million yuan [1] - Ningbo Color Masterbatch (301019) closed at 19.85, up 6.61% with a trading volume of 123,400 shares, totaling 241 million yuan [1] - Qide New Materials (300995) closed at 52.01, up 5.50% with a trading volume of 46,800 shares, totaling 241 million yuan [1] - Major decliners included: - Jun Ding Da (301538) closed at 91.16, down 5.26% with a trading volume of 21,900 shares, totaling 205 million yuan [2] - Jinfat Technology (600143) closed at 21.28, down 4.14% with a trading volume of 1,736,600 shares, totaling 3.737 billion yuan [2] - Dongcai Technology (601208) closed at 19.52, down 3.60% with a trading volume of 364,500 shares, totaling 716 million yuan [2] Capital Flow - The plastic sector experienced a net outflow of 361 million yuan from institutional investors, while retail investors saw a net inflow of 291 million yuan [2][3] - Notable capital flows included: - Foshan Plastics (000973) had a net inflow of 10.2 million yuan from institutional investors, but a net outflow of 15.74 million yuan from retail investors [3] - Shenkai Co. (002361) saw a net inflow of 66.57 million yuan from institutional investors, with retail investors experiencing a net outflow of 42.09 million yuan [3] - Nalco Co. (002825) had a net inflow of 65.37 million yuan from institutional investors, with retail investors also facing a net outflow of 33.06 million yuan [3]