国联民生证券承销保荐有限公司 关于西安诺瓦星云科技股份有限公司 2025 年度持续督导培训情况的报告 3、培训方式：现场授课与线上参会结合 4、参加培训人员：诺瓦星云控股股东、实际控制人、董事、高级管理人员、 证券事务代表、其他相关人员 5、培训主题：创业板上市公司规范运作法规及案例分析 二、本次持续督导培训的主要内容 2025 年 12 月 24 日，培训小组通过采取授课与发送学习资料自学相结合的 方式对诺瓦星云董事、高级管理人员、中层以上管理人员及公司控股股东和实 际控制人等相关人员进行培训。本次培训主要围绕《深圳证券交易所上市公司 自律监管指引第 2 号——创业板上市公司规范运作》等相关法律法规，通过案 例与法律法规相结合的方式，阐述了上市公司规范运作的相关规定、信息披露、 募集资金使用等内容。 三、本次持续督导培训的效果 国联民生证券承销保荐有限公司（以下简称"保荐机构"）作为西安诺瓦星 云科技股份有限公司（以下简称"诺瓦星云""公司"）首次公开发行 A 股股票 并在创业板上市的保荐机构和持续督导机构，根据《证券发行上市保荐业务管 理办法》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》 ...

证券日报网讯 1月6日，诺瓦星云发布公告称，截至2025年12月31日，诺瓦星云通过集中竞价累计回购 375000股，占总股本0.41%，成交总额61934802.89元（不含交易费用），回购价162.15元/股-168元/股。 （文章来源：证券日报） ...

Group 1 - Nova Star Cloud announced on January 6 that as of December 31, 2025, the company has repurchased approximately 380,000 shares through a dedicated securities account via centralized bidding, accounting for 0.41% of the total share capital [1] - The maximum transaction price for the repurchased shares was 168 CNY per share, while the minimum transaction price was 162.15 CNY per share [1] - The total amount spent on the share repurchase was approximately 61.93 million CNY [1] Group 2 - The automotive market is experiencing a surge at the beginning of 2026, with BMW's original guide price of 349,900 CNY for a bare vehicle now being offered at 225,000 CNY, alongside various automakers providing subsidies for purchase taxes [1] - Sales activities in the automotive sector are reported to be extremely busy, with dealers working from morning until night without time for meals [1]

Core Viewpoint - Nova Star Cloud (301589.SZ) announced a share buyback program, indicating a strategic move to enhance shareholder value through repurchasing shares in the market [1] Summary by Categories Share Buyback Details - The company has repurchased a total of 375,000 shares, which represents 0.41% of its total share capital [1] - The highest transaction price during the buyback was 168.00 CNY per share, while the lowest was 162.15 CNY per share [1] - The total amount spent on the buyback reached 61,934,802.89 CNY, excluding transaction fees [1]

诺瓦星云公告，截至2025年12月31日，公司通过股份回购专用证券账户以集中竞价交易方式累计回购股 份数量为37.5万股，占公司总股本的0.41%，最高成交价为168元/股，最低成交价为162.15元/股，成交 总金额为6193.48万元（不含交易费用）。 ...

证券代码：301589 证券简称：诺瓦星云 公告编号：2026-001 西安诺瓦星云科技股份有限公司 关于第四期回购公司股份进展的公告 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。 西安诺瓦星云科技股份有限公司（以下简称"公司"）于 2025 年 12 月 16 日 召开第三届董事会第十次会议，审议通过了《关于第四期回购公司股份方案的议 案》，同意公司使用自有资金或自筹资金以集中竞价交易方式回购公司部分 A 股股票，用于股权激励、员工持股计划或可转换公司债券转股。本次回购资金总 额不低于人民币 7,500 万元（含本数），且不超过人民币 15,000 万元（含本数）， 回购价格不超过 240.00 元/股（含本数）。按照回购价格上限和回购金额下限测 算，预计可回购股份数量为 312,500 股，约占公司目前已发行总股本的 0.34%； 按照回购价格上限和回购金额上限测算，预计可回购股份数量为 625,000 股，约 占公司目前已发行总股本的 0.68%，具体回购股份数量以回购实施完成时实际回 购的股份数量为准。本次回购的实施期限为自公司董事会审议通过本次回购 ...

Group 1 - Nova Star Cloud's stock increased by 5.25%, reaching 196.51 CNY per share, with a trading volume of 368 million CNY and a turnover rate of 5.68%, resulting in a total market capitalization of 18.167 billion CNY [1] - The company, established on April 29, 2008, is located in Xi'an, Shaanxi Province, and specializes in the research, production, and sales of LED display control systems and video processing systems [1] - The revenue composition of the company's main business includes: video processing systems 42.09%, LED display control systems 41.72%, accessories and others 7.14%, cloud-based information publishing and management systems 6.49%, and other supplementary products 2.57% [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) entered the top ten circulating shareholders of Nova Star Cloud in the third quarter, holding 338,000 shares, which accounts for 0.98% of the circulating shares [2] - The Southern CSI 1000 ETF has a latest scale of 76.63 billion CNY, with a year-to-date return of 2.1%, ranking 2698 out of 5490 in its category; over the past year, it achieved a return of 39.74%, ranking 1718 out of 4193 [2] - The fund manager of Southern CSI 1000 ETF is Cui Lei, who has been in the position for 7 years and 62 days, with a total asset scale of 122.76 billion CNY [3]

Summary of Nova Star Cloud Conference Call Company Overview - **Company Name**: Nova Star Cloud - **Core Business Areas**: LED, Mini LED (MLEd) display control systems, video processing systems, and cloud computing - **Market Position**: Over 90% market share in the LED sector, with a stable main business over the past two years [3][4] Key Insights and Arguments - **Mini LED Business Growth**: The Mini LED business is experiencing exponential growth, with overseas operations gradually ramping up. 2025 is expected to be a year of stabilization, followed by rapid growth in 2026 [2][3] - **Revenue Forecast**: Due to macroeconomic impacts, revenue growth for 2024 is projected to slow to 7%, with LED business revenue showing single-digit growth. In the first half of 2025, LED revenue is expected to decline year-on-year, while high-margin video processing systems and related businesses are anticipated to grow [2][6] - **Video Processing Systems**: This segment is crucial for Nova Star Cloud, boasting a gross margin of 69.54%, significantly higher than the LED business. It serves high-end clients and has applications in virtual shooting, contributing positively to overall gross margin [2][7] - **Innovation in Chip and Control Systems**: The company is expanding into innovative areas such as driver chips and control systems, which are expected to generate significant revenue increases and improve profit structure and margins [2][3][8] Financial and Investment Insights - **Shareholding Structure**: The company has a stable shareholding structure, with founders holding 23% and 15% of shares, respectively, and having signed a concerted action agreement. The company has invested in Blue Arrow Aerospace, holding a direct stake of 0.8189% and an indirect stake of 0.3582% [4] - **Profit Projections**: Expected net profit for 2025 is around 600 million yuan, potentially reaching 800 million yuan in 2026. Current PE ratio is approximately 20 times, with a potential drop to below 14 times by 2027, indicating investment value [4][9] - **Risks**: Key risks include macroeconomic downturns, underperformance in new product development, and intensified market competition, which investors should monitor closely [4][9] Additional Important Information - **MLed Chip and Equipment**: Nova Star Cloud has made significant advancements in MLed chips and equipment, with driver chips set to commercialize in September 2024, expected to bring in over 100 million yuan in revenue. MLed detection equipment has been widely shipped to major clients [2][8] - **Revenue Breakdown**: In 2024, LED revenue is projected at 1.5 billion yuan, with growth in video processing systems and cloud computing. The shift towards higher-margin products is evident as video processing systems gain a larger share of revenue [6]

12月31日，上交所官网显示，蓝箭航天科创板IPO获受理，正式冲刺"商业火箭第一股"。蓝箭航天本次 发行募集资金投资项目包括"可重复使用火箭产能提升项目"和"可重复使用火箭技术提升项目"，拟募集 资金75亿元。 格隆汇1月5日｜因蓝箭航天科创板IPO获受理，A股市场一众参股公司集体大涨。其中，诺瓦星云一度 20CM涨停，斯瑞新材涨超13%，金风科技10CM涨停，荣盛发展、世纪华通涨超7%，张江高科涨超 3%。 ...

Group 1 - Nova Star Cloud directly holds 2,948,214 shares of Blue Arrow Aerospace, representing an ownership stake of 0.8189% [1]