Core Viewpoint - Nanji Guang is a leading backlight display module supplier in China, with a strong technical foundation and efficient production capabilities, serving many well-known brands [1] Group 1: Business Performance - In Q3 2025, Nanji Guang achieved revenue of 615 million yuan, ranking 23rd among 30 companies in the industry, significantly lower than the top company Sanan Optoelectronics at 13.82 billion yuan and the second company Mulinsen at 12.18 billion yuan [2] - The revenue from backlight display module products was 394 million yuan, accounting for 99.18% of total revenue, while other revenue was 3.26 million yuan, making up 0.82% [2] - The net profit for the same period was 110 million yuan, ranking 7th in the industry, lower than the top company Leyard at 295 million yuan and the second company Mulinsen at 213 million yuan, but higher than the industry average of 46.49 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Nanji Guang's debt-to-asset ratio was 28.34%, up from 24.16% year-on-year, but still below the industry average of 46.71%, indicating good solvency [3] - The gross profit margin for the same period was 27.62%, significantly up from 10.34% year-on-year and higher than the industry average of 20.22%, showing enhanced profitability [3] Group 3: Management Compensation - The chairman, Pan Lianxing, received a salary of 881,600 yuan in 2024, an increase of 275,900 yuan from 2023 [4] - The general manager, Jiang Faming, earned 681,300 yuan in 2024, up by 75,000 yuan from the previous year [4] Group 4: Shareholder Information and Market Position - As of September 30, 2025, the number of A-share shareholders increased by 3.54% to 15,200, while the average number of circulating A-shares held per shareholder decreased by 3.41% to 10,400 [5] - The company has become the exclusive supplier of backlight modules for the Switch 2, which has exceeded sales expectations in its first month, becoming a core growth driver [5] - Forecasts for net profit attributable to shareholders from 2025 to 2027 are 245 million, 394 million, and 462 million yuan, respectively, with corresponding basic earnings per share of 1.1, 1.8, and 2.1 yuan [5]

Core Insights - The core viewpoint of the article highlights the significant growth in revenue and net profit for the company, driven by strategic product adjustments and increased research and development investments [3][5]. Financial Performance - In Q3 2025, the company achieved operating revenue of 218 million yuan, a year-on-year increase of 77.08% [3][4]. - The net profit attributable to shareholders reached 37.25 million yuan, up 454.69% year-on-year [3][4]. - The net profit excluding non-recurring gains and losses was 32.63 million yuan, a staggering increase of 2008.29% compared to the previous year [3][4]. - For the first three quarters of 2025, total operating revenue was 615 million yuan, reflecting a year-on-year growth of 158.18% [3][4]. - The net profit attributable to shareholders for the first three quarters was 110.14 million yuan, a remarkable increase of 7228.28% [3][4]. - The net profit excluding non-recurring gains and losses for the same period was 104 million yuan, up 1076.01% year-on-year [3][4]. Cash Flow and Assets - The net cash flow from operating activities increased by 549.69% year-on-year, primarily due to increased overseas revenue and cash receipts from sales [4]. - As of the end of the reporting period, total assets amounted to approximately 1.66 billion yuan, up from 1.51 billion yuan at the end of the previous year [4]. - The equity attributable to shareholders was approximately 1.19 billion yuan, an increase from 1.08 billion yuan at the end of the previous year [4]. Product Strategy and R&D - The core driver of the explosive performance is attributed to the company's precise adjustments in product structure, shifting focus from low-margin mobile backlight products to high-end backlight products for gaming, e-sports devices, tablets, and laptops [5]. - The company has increased its R&D investment, with expenditures reaching 197 million yuan in the first nine months of 2025, showing stable growth from 180 million yuan in the same period last year [5]. - The effectiveness of R&D investments is evident, as the company secured four national invention patents during the reporting period, laying a foundation for future development [5].

Core Insights - A total of 1,200 companies released their Q3 2025 financial reports, with 596 reporting a year-on-year increase in net profit and 604 showing a decline [1] - Companies that experienced simultaneous growth in both net profit and revenue numbered 447, while 387 companies saw declines in both metrics [1] - Notably, *ST Weier reported the highest growth in net profit, with an increase of 15,294.42% [1] Financial Performance Summary - **Top Performers**: - *ST Weier: EPS of 1.3600, net profit of 19,534.45 million, net profit growth of 15,294.42%, revenue of 58,788.62 million, revenue growth of 6.44% [1] - Nanji Guang: EPS of 0.4947, net profit of 11,013.91 million, net profit growth of 7,228.28%, revenue of 61,533.00 million, revenue growth of 158.18% [1] - Huahong Technology: EPS of 0.3397, net profit of 19,652.38 million, net profit growth of 7,110.70%, revenue of 546,096.11 million, revenue growth of 34.94% [1] - **Decliners**: - Ningbo Zhongbai: EPS of 0.2050, net profit of 4,601.16 million, net profit decline of 46.03%, revenue of 37,858.51 million [2] - *ST Weier: Despite the massive increase in net profit, the company still faced challenges in revenue growth compared to others [1] - **Notable Increases**: - Companies with net profit growth exceeding 100% included *ST Weier, Nanji Guang, and others, indicating strong performance in specific sectors [1][2] - **Overall Trends**: - The overall performance of the companies shows a mixed trend, with a slight majority experiencing revenue growth, while net profit growth was more polarized [1]

2025年10月30日，南极光(300940.SZ)发布2025年三季报。 公司营业总收入为6.15亿元，在已披露的同业公司中排名第57。归母净利润为1.10亿元。经营活动现金净流入为1.37亿元。 公司最新资产负债率为28.34%，较上季度资产负债率增加0.37个百分点，较去年同期资产负债率增加4.18个百分点。 公司最新毛利率为27.62%，较上季度毛利率减少0.75个百分点。最新ROE为9.26%。 公司摊薄每股收益为0.49元。 | 序号 | 股东名称 | 持股 | | --- | --- | --- | | 1 | 姜发明 | 21.5 | | 2 | 潘连兴 | 17.5 | | 3 | 锦福源(海南)私募基金管理合伙企业(有限合伙)-锦福源五号私募证券投资基金 | 3.41 | | 4 | 深圳市奥斯曼咨询管理合伙企业(有限合伙) | 2.46 | | 5 | 深圳市南极光管理咨询合伙企业(有限合伙) | 2.46 | | 6 | 重菊英 | 0.93 | | 7 | 罗健 | 0.81 | | 8 | 邓克维 | 0.65 | | 9 | 任元林 | 0.50 | | 10 | 戴路 | 0. ...

Group 1 - Company announced the convening of the third session of the seventh board meeting on October 29, 2025, to discuss the proposal for the first extraordinary general meeting of shareholders in 2025 [1] - For the first half of 2025, the company's revenue composition shows that products larger than or equal to 5.5 inches accounted for 99.18%, while other businesses contributed 0.82% [1]

证券日报网讯10月29日晚间，南极光（300940）发布公告称，公司及控股子公司不存在逾期债务对应的 担保、涉及诉讼的担保及因担保被判决败诉而应承担损失等情形。 ...

Group 1 - The core viewpoint of the article highlights the significant growth in the financial performance of the company, Nanji Guang (300940.SZ), in the third quarter [1] Group 2 - The company's operating revenue for the first three quarters reached 615 million yuan, representing a year-on-year increase of 158.18% [1] - The net profit attributable to shareholders of the listed company was 110 million yuan, showing a remarkable year-on-year growth of 7228.28% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 100 million yuan, reflecting a year-on-year increase of 1076.01% [1]

国泰海通证券股份有限公司 经中国证券监督管理委员会《关于同意深圳市南极光电子科技股份有限公司 首次公开发行股票注册的批复》（证监许可〔2021〕9 号）同意注册，公司首次 公开发行人民币普通股（A 股）股票 2,960.6423 万股，发行价格为 12.76 元/股， 募集资金总额为人民币 37,777.80 万元，扣除发行费用人民币 4,535.05 万元，实 际募集资金净额为人民币 33,242.75 万元。募集资金已于 2021 年 1 月 29 日划至 公司指定账户。信永中和会计师事务所（特殊普通合伙）对该募集资金到账情况 进行了审验，并于 2021 年 1 月 29 日出具了 XYZH/2021GZAA50004 号《验资报 告》。公司已将上述募集资金存放于募集资金专项账户，并与保荐机构、存放募 集资金的银行签订了募集资金监管协议。 （二）向特定对象发行股票募集资金基本情况 1 关于深圳市南极光电子科技股份有限公司 使用部分暂时闲置募集资金及自有资金进行现金管理的核 查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为深圳 市南极光电子科技股份有限公司（以下简称"南极光"、"公 ...

一、募集资金基本情况 （一）首次公开发行股票募集资金基本情况 经中国证券监督管理委员会《关于同意深圳市南极光电子科技股份有限公司首次公 开发行股票注册的批复》（证监许可〔2021〕9 号）同意注册，公司首次公开发行人民币 普通股（A 股）股票 2,960.6423 万股，发行价格为 12.76 元/股，募集资金总额为人民 币 37,777.80 万元，扣除发行费用人民币 4,535.05 万元，实际募集资金净额为人民币 33,242.75 万元。募集资金已于 2021 年 1 月 29 日划至公司指定账户。信永中和会计师 事务所（特殊普通合伙）对该募集资金到账情况进行了审验，并于 2021 年 1 月 29 日出 具了 XYZH/2021GZAA50004 号《验资报告》。公司已将上述募集资金存放于募集资金专项 账户，并与保荐机构、存放募集资金的银行签订了募集资金监管协议。 （二）向特定对象发行股票募集资金基本情况 证券代码：300940 证券简称：南极光 公告编号：2025-052 深圳市南极光电子科技股份有限公司 关于使用部分暂时闲置募集资金及自有资金进行现金管理的公告 本公司及董事会全体成员保证信息披露 ...

关于公司及子公司申请综合授信额度并提供担保的公告 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。 深圳市南极光电子科技股份有限公司（以下简称"公司"、"南极光"）于 2025 年 10 月 29 日召开第三届董事会第七次会议及第三届监事会第七次会议， 审议通过了《关于公司及子公司申请综合授信额度并提供担保的议案》，本议案 尚需提交公司 2025 年第一次临时股东大会审议。现将具体情况公告如下： 一、申请综合授信额度情况 为满足生产经营及业务发展的需要，公司及子公司万载南极光电子科技有限 公司（以下简称"万载南极光"）2026 年度拟向银行等金融机构申请总额不超 过 25 亿元人民币的综合授信额度，其中包含低风险（包括但不限于以汇票、存 单等向银行质押申请开出汇票）额度不超过 10 亿元人民币。授信额度有效期自 审议本议案的 2025 年第一次临时股东大会决议通过之日起 12 个月内有效。授信 业务品种和授信额度以银行等金融机构实际审批结果为准。授信额度不等于公司 的融资金额，实际融资金额以在授信额度内与银行实际发生的融资金额为准。授 信期限内，授信额度可循环使 ...