证券代码：301589 证券简称：诺瓦星云 公告编号：2024-051 西安诺瓦星云科技股份有限公司 第二届董事会第二十二次会议决议公告 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 西安诺瓦星云科技股份有限公司（以下简称"公司"）第二届董事会第二十 二次会议通知于 2024 年 10 月 26 日以邮件的形式送达全体董事，会议于 2024 年 10 月 27 日以现场和通讯的方式召开。根据《西安诺瓦星云科技股份有限公司章 程》（以下简称"《公司章程》"）第 5.2.16 条规定，审议事项较为紧急，经全 体董事一致同意，本次会议豁免通知时限要求。会议由董事长袁胜春先生主持， 应出席的董事 7 人，实际出席的董事 7 人，董事袁胜春先生、独立董事毛志宏先 生以通讯方式参加会议并表决。公司监事及高级管理人员列席了本次会议。 为保证本次回购股份方案的顺利实施，根据《公司章程》等有关规定，公司 董事会授权公司管理层及其授权人士全权办理回购股份具体事宜，本次授权自公 司董事会审议通过股份回购方案之日起至上述授权事项办理完毕之日止。 根据《公司章 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company reported a revenue of 2.371 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 10.60%, and a net profit attributable to shareholders of 461 million yuan, up 10.03% year-on-year [2] - The company's Q3 revenue declined by 0.76%, and the net profit attributable to shareholders fell by 25.56%, primarily due to weak domestic demand in the LED display sector [2] - The gross margin for Q3 remained high at 54.10%, benefiting from the development of MiniLED technology [2] - The company continues to upgrade its products, enhancing capabilities for major global events such as the Paris Olympics [3] - The maturity of COB technology is accelerating the implementation of MLED projects, with signed investments reaching 68.895 billion yuan in 2024 [3] - The company is positioned to leverage high-margin video equipment products and is making forward-looking investments in MLED detection equipment and chips [3] Financial Summary - For 2024, the company is projected to achieve revenues of 3.805 billion yuan, with net profits of 752 million yuan, corresponding to a PE ratio of 25x [3] - Revenue growth rates are forecasted at 24.59% for 2024, 27.07% for 2025, and 28.11% for 2026 [4] - The company’s net profit growth rates are expected to be 23.82% for 2024, 48.48% for 2025, and 31.22% for 2026 [4] - The gross margin is projected to improve gradually, reaching 56.0% by 2026 [4]

证券代码：301589 证券简称：诺瓦星云 公告编号：2024-046 西安诺瓦星云科技股份有限公司 第二届董事会第二十一次会议决议公告 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 西安诺瓦星云科技股份有限公司（以下简称"公司"）第二届董事会第二十 一次会议通知于 2024 年 10 月 12 日以邮件的形式送达全体董事，会议于 2024 年 10 月 24 日以现场的方式召开。会议由董事长袁胜春先生主持，应出席的董事 7 人，实际出席的董事 7 人。公司监事及高级管理人员列席了本次会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等相关法 律、法规以及《西安诺瓦星云科技股份有限公司章程》的规定。 二、董事会会议审议情况 1. 审议通过《关于公司 2024 年第三季度报告的议案》 经审议，董事会认为：公司《2024 年第三季度报告》的编制符合法律、行政 法规、中国证券监督管理委员会（以下简称"中国证监会"）和深圳证券交易所 的相关规定，全面、真实、准确地反映了公司 2024 年第三季度的财务状况及经 营成果等事项，所 ...

Financial Performance - Revenue for Q3 2024 was 808.11 million yuan, a decrease of 0.76% year-over-year[2] - Net profit attributable to shareholders for Q3 2024 was 136.30 million yuan, a decrease of 25.56% year-over-year[2] - Total revenue for the current period reached 2,371,059,787.73 yuan, an increase from 2,143,793,734.82 yuan in the previous period[17] - Operating profit for the current period was 512,988,579.78 yuan, compared to 467,876,211.63 yuan in the previous period[18] - Net profit for the current period was 460,710,875.02 yuan, up from 418,719,305.95 yuan in the previous period[18] - Basic earnings per share decreased to 5.14 yuan from 6.04 yuan in the previous period[18] - Other comprehensive income after tax was 8,801,397.97 yuan, compared to 35,819,046.90 yuan in the previous period[18] - Total comprehensive income for the current period was 469,512,272.99 yuan, up from 454,538,352.85 yuan in the previous period[18] Assets and Liabilities - Total assets as of September 30, 2024, were 5.19 billion yuan, an increase of 24.23% compared to the end of the previous year[2] - Total assets increased to 5,185,791,859.79 yuan from 4,174,450,570.74 yuan in the previous period[15][16] - Total liabilities decreased to 1,557,690,155.05 yuan from 2,022,401,206.18 yuan in the previous period[15] - Equity attributable to the parent company's owners increased to 3,628,101,704.74 yuan from 2,152,049,364.56 yuan in the previous period[16] - The company's monetary funds increased to 979,040,326.75 yuan, up from 529,836,520.48 yuan at the beginning of the period[14] - Accounts receivable rose to 806,710,156.09 yuan, compared to 750,514,743.26 yuan at the start of the period[14] - Inventory grew to 1,481,139,637.12 yuan, up from 1,264,058,630.94 yuan at the beginning of the period[14] - Total current assets reached 3,785,751,282.79 yuan, an increase from 3,025,171,364.61 yuan at the start of the period[14] - Other equity instrument investments increased to 448,661,305.75 yuan, up from 278,276,687.97 yuan at the beginning of the period[14] - Fixed assets rose to 623,068,269.38 yuan, compared to 404,896,128.14 yuan at the start of the period[14] - Construction in progress decreased to 143,711,469.62 yuan, down from 312,827,993.47 yuan at the beginning of the period[14] Cash Flow - Operating cash flow for the first nine months of 2024 was -65.32 million yuan, a decrease of 161.41% year-over-year[6] - Sales of goods and provision of services generated cash inflows of 1,826,204,924.67, a 30.7% increase compared to the previous year's 1,397,335,098.23[19] - Total cash inflows from operating activities reached 1,948,939,038.14, up 29.3% from 1,507,086,905.47 in the same period last year[19] - Cash outflows for operating activities increased by 43.8% to 2,014,256,596.26 from 1,400,723,489.01[19] - Net cash flow from operating activities was -65,317,558.12, a significant decrease from 106,363,416.46 in the previous year[19] - Cash inflows from financing activities surged to 1,786,967,998.23, primarily driven by 1,536,720,430.19 from equity financing[20] - Net cash flow from financing activities was 781,209,878.00, a 175.1% increase from 283,964,626.53[20] - The company's cash and cash equivalents balance at the end of the period stood at 977,062,160.99, up 93.6% from 504,504,475.15[20] - Cash outflows for investment activities totaled 314,665,832.14, including 216,000,000.00 for investment payments[19] - Net cash flow from investment activities was -264,469,840.95, slightly lower than the previous year's -253,025,318.25[19] - The company received 85,345,168.65 in tax refunds, a slight decrease from 86,357,374.71 in the previous year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,174[7] - Yuan Shengchun holds 23.08% of the shares, totaling 21,338,122 shares[7] - Zong Jingguo holds 15.29% of the shares, totaling 14,138,971 shares[7] - Xi'an High-tech Industrial Venture Capital Co., Ltd. holds 4.56% of the shares, totaling 4,212,000 shares[7] - Zhao Xiaoming holds 4.21% of the shares, totaling 3,888,000 shares[7] - Han Dan holds 3.91% of the shares, totaling 3,619,274 shares[7] - Liang Wei holds 3.63% of the shares, totaling 3,355,798 shares[7] - Zhou Jingjing holds 3.63% of the shares, totaling 3,355,798 shares[7] - Zhao Xingmei holds 3.01% of the shares, totaling 2,780,309 shares[7] - Xi'an Fanxing Enterprise Management Consulting Partnership holds 2.61% of the shares, totaling 2,410,560 shares[7] - The company's restricted shares increased to 73,958,400 shares, up from 38,520,000 shares at the beginning of the period[11] - On August 8, 2024, the company lifted restrictions on 4,625,838 shares, accounting for 5.0037% of the total shares[13] - The number of shareholders with restricted shares lifted reached 5,290[13] Capital and Reserves - The company's capital reserve increased by 245.39% to 2.04 billion yuan due to the issuance of new shares[5] - The company's equity increased by 140.00% to 92.45 million yuan due to the issuance of new shares and capital reserve transfers[5] - Fixed assets increased by 53.88% to 623.07 million yuan due to the completion of construction projects and new asset acquisitions[5] - Prepaid expenses increased by 145.97% to 78.35 million yuan due to increased business operations[5] - Financial expenses decreased by 167.37% to -1.25 million yuan due to increased interest income from deposits[6] - Government subsidies received during the reporting period amounted to 14.30 million yuan[3] R&D and Investments - R&D expenses increased to 384,505,941.75 yuan from 298,076,557.21 yuan in the previous period[17]

证券代码：301589 证券简称：诺瓦星云 公告编号：2024-050 西安诺瓦星云科技股份有限公司 关于2024年前三季度利润分配预案的公告 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。 重要内容提示： 1、分配比例：每 10 股派发现金 2.10 元（含税）；本次不送红股，不转增 股本。 2、本次利润分配以现有总股本 92,448,000 股为基数。 3、若自利润分配预案公布起至实施权益分派方案的股权登记日期间西安诺 瓦星云科技股份有限公司（以下简称"公司"）股本发生变动，依照变动后的 股本为基数实施方案并按照分配总额不变的原则对分配比例进行调整。 公司于 2024 年 10 月 24 日召开了第二届董事会第二十一次会议和第二届监 事会第十五次会议。审议通过了《关于 2024 年前三季度利润分配预案的议案》， 该议案尚需提交公司 2024 年第四次临时股东大会审议，现将相关内容公告如下： 一、利润分配预案基本情况 份总数 92,448,000 股为基数，向全体股东每 10 股派发现金 2.10 元（含税），合 计派发现金红利 19,414,080.00 ...

证券代码：301589 证券简称：诺瓦星云 公告编号：2024-049 西安诺瓦星云科技股份有限公司 （2）网络投票时间：2024 年 11 月 11 日（星期一） 关于召开 2024 年第四次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 西安诺瓦星云科技股份有限公司（以下简称"公司"）于 2024 年 10 月 24 日召 开第二届董事会第二十一次会议，审议通过了《关于召开公司 2024 年第四次临时股 东大会的议案》，决定于 2024 年 11 月 11 日（星期一）14:30 召开 2024 年第四次临 时股东大会，现将有关事项通知如下： 一、召开会议的基本情况 1、会议届次：2024 年第四次临时股东大会 2、会议召集人：公司董事会 3、会议召开的合法、合规性： 公司第二届董事会第二十一次会议决定召开 2024 年第四次临时股东大会，本次 会议的召集和召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》 的有关规定。 4、会议召开的日期和时间： （1）现场会议召开时间：2024 年 11 月 11 日（星期一）14:30 ...

证券代码：301589 证券简称：诺瓦星云 公告编号：2024-047 西安诺瓦星云科技股份有限公司 第二届监事会第十五次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，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 西安诺瓦星云科技股份有限公司（以下简称"公司"）第二届监事会第十五次会 议通知于 2024 年 10 月 12 日以书面的形式发出，会议于 2024 年 10 月 24 日在公司 会议室以现场表决的方式召开。应出席本次会议的监事 3 人，实际出席本次会议的 监事 3 人。会议由监事会主席袁洪涛先生主持，董事会秘书翁京先生列席了会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等相关法律、法规 和《公司章程》的规定。 二、监事会会议审议情况 1、审议通过《关于公司 2024 年第三季度报告的议案》 经审议，监事会认为：董事会编制和审议公司《2024 年第三季度报告》的程序 符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司 的实际经营情况，不存在虚假记载、误导性陈述或重大遗漏。 具体内容详见公司同日披露于巨潮资讯网（w ...

Investment Rating - The report assigns a "Buy" rating for the company, Nova Star Cloud (301589), marking its first coverage [1]. Core Insights - Nova Star Cloud is a leading global provider of LED display solutions, achieving over 60% market share in the LED control sector as of 2023. The company reported revenue of 3.054 billion yuan in 2023, with a CAGR of 25.97% from 2019 to 2023, and a net profit of 607 million yuan, with a CAGR of 26.37% during the same period [4][5]. - The MLED industry is entering a high-growth phase, with the company strategically positioned to benefit from this trend. The global small-pitch LED display market is expected to grow from $4.1 billion in 2022 to $7.4 billion by 2027 [4][5]. - The ultra-high-definition video industry is also expanding, with the company's video processing system sales increasing by 44.5% year-on-year in 2023, reflecting a CAGR of 62.5% over the past three years [4][5]. Summary by Sections Company Overview - Founded in 2008, Nova Star Cloud has become a competitive player in the LED display solution market, serving over 4,000 clients across various sectors [4][43]. - The company has a stable ownership structure, with founders holding significant shares and a strong technical background [48]. Financial Performance - In 2023, the company achieved a revenue of 3.054 billion yuan, with a year-on-year growth of 40.49%. The net profit for the same year was 607 million yuan, reflecting a 96.96% increase [51][52]. - The revenue structure is primarily from LED control systems (49%), video processing systems (40%), and cloud-based information management systems (6%) [55]. Market Trends - The global LED display market is projected to grow at a CAGR of 13.78% from 2021 to 2026, with significant growth expected in the small-pitch and micro-pitch segments [80]. - The company is well-positioned to capitalize on the increasing demand for MLED technology, which is expected to drive revenue growth in the coming years [4][5]. Product Development - The company has launched industry-first MLED display ASIC control chips and high-speed interface chips, enhancing its core competitiveness [5]. - R&D investment remains a priority, with a focus on advancing technology in video processing and display control systems [62][66]. International Expansion - The company has accelerated its global presence, with overseas revenue reaching 289 million yuan in the first half of 2024, a year-on-year increase of 41.67% [70][71]. - The high gross margin from international sales is attributed to the quality and performance expectations of foreign clients [70].

Group 1: Company Performance - The company's revenue for 2024 reached 289.25 million CNY, representing a year-on-year growth of 18.51% [2] - MLED-related income has seen rapid growth due to the company's early investment in MLED technology and the launch of core detection equipment and integrated circuits [1][3] - The gross profit margin has improved compared to the same period last year, driven by the expansion into high-value downstream application scenarios [2] Group 2: Market and Export Dynamics - Overseas direct export revenue has increased, accounting for 41.78% of total sales in the first half of 2024, indicating a significant rise in international market presence [2] - The company has established a comprehensive overseas sales system, covering key regions globally, which has contributed to stable growth in overseas performance [3] Group 3: Supply Chain Management - The company has implemented strategic investments in domestic chip manufacturers to ensure supply chain security and mitigate risks [2] - Measures taken include strategic reserves of key raw materials and establishing an overseas production base in Thailand to address extreme risks [2] Group 4: Future Outlook - The MLED industry is experiencing rapid growth, with the company positioned to benefit from the ongoing transition to ultra-high-definition displays, moving from 2K to 4K and beyond [3] - The company is actively exploring high-value areas in downstream applications and investing in technology research and market expansion to enhance profitability [3]