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]

二、保荐人发现公司存在的问题及采取的措施 民生证券股份有限公司 关于西安诺瓦星云科技股份有限公司 年半年度持续督导跟踪报告 | 保荐人名称：民生证券股份有限公司 | 被保荐公司简称：诺瓦星云 | | --- | --- | | 保荐代表人姓名：汪兵 | 联系电话：010-85127999 | | 保荐代表人姓名：佟牧 | 联系电话：010-85127999 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0次 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不 | | | 限于防止关联方占用公司资源的制度、募集资金 | 是 | | 管理制度、内控制度、内部审计制度、关联交易 | | | 制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 4次（公司募集资金于2024年2月到账，公司、 | | | ...

证券代码：301589 证券简称：诺瓦星云 公告编号：2024-045 西安诺瓦星云科技股份有限公司 关于"质量回报双提升"行动方案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 为践行中央政治局会议提出的"要活跃资本市场、提振投资者信心"及国务院常 务会议指出的"要大力提升上市公司质量和投资价值，要采取更加有力有效措施，着 力稳市场、稳信心"的指导思想，切实落实"以投资者为本"的上市公司发展理念， 维护西安诺瓦星云科技股份有限公司（以下简称"公司"）全体股东利益，公司管理 层将持续提高经营管理水平，提升企业市场竞争力与价值创造能力，以实现更高质量 的发展，积极回馈广大投资者。为此，公司结合自身发展战略和经营情况，制定了 "质量回报双提升"行动方案，具体内容如下： 一、聚焦主业，实现高质量可持续发展 公司自成立以来，以"还原真实'视'界，让世界更美好"为使命，秉承"以客 户为中心、集体奋斗、以奋斗者为本"的价值观，始终聚焦于视频和显示控制核心算 法研究及应用，为客户提供专业化软硬件综合解决方案。公司通过持续的研发投入、 渠道拓展与品牌建设获取市场份额， ...

北京市中伦（深圳）律师事务所 关于西安诺瓦星云科技股份有限公司 2024年第三次临时股东大会的 法律意见书 二〇二四年八月 法律意见书 2024 年第三次临时股东大会的 法律意见书 致：西安诺瓦星云科技股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"）受西安诺瓦星云科技 股份有限公司（以下简称"公司"）委托，指派程彬律师、孔维维律师出席并见 证公司 2024 年第三次临时股东大会（以下简称"本次股东大会"），并依据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）、《上市公司股东大会规则》（以下简称"《股东 大会规则》"）以及《西安诺瓦星云科技股份有限公司章程》（以下简称"《公 司章程》"）等有关规定，就本次股东大会的召集、召开程序、出席现场会议人 员的资格、召集人资格、会议表决程序及表决结果等事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司本次股东大会的有关文件和材料。 本所律师得到公司如下保证，即其已提供了本所律师认为出具本法律意见书所必 需的材料，所提供的原始材料、副本、复印件等材料、口头证言均符合真实、准 确、完整的要求 ...

证券代码：301589 证券简称：诺瓦星云 公告编号：2024-044 西安诺瓦星云科技股份有限公司 2024年第三次临时股东大会决议公告 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。 特别提示： 1、本次临时股东大会无新增、更改、否决议案的情形。 （一）会议召开情况 1、召开时间 现场会议时间：2024年8月19日（星期一）下午14:30 网络投票时间：2024年8月19日（星期一） 其中，通过深圳证券交易所交易系统进行网络投票的时间为2024年8月19日9:15-9:25， 9:30-11:30和13:00-15:00； 通过深圳证券交易所互联网投票系统投票时间为2024年8月19日9:15至15:00期间的 任意时间。 2、召开地点：陕西省西安市高新区云水三路1699号诺瓦科技园4号楼1层会议室。 4、召集人：公司董事会 5、会议主持人：公司董事长袁胜春先生 2、本次临时股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 3、召开方式：本次股东大会采取现场表决与网络投票相结合的方式。 6、本次股东大会会议的召集、召开与表决程序符合《中 ...

Investment Rating - Strong Buy (Maintained) with a target price of 262.5 RMB, compared to the current price of 162.70 RMB [1] Core Views - The company's profitability has improved year-over-year, with rapid growth in overseas revenue [1] - LED display control systems benefit from MLED penetration, solidifying the company's leading position in the industry [1] - Video processing equipment, a core component of the ultra-high-definition industry, is gaining market share overseas due to its cost-effectiveness [1] - Cloud services, represented by the dual "cloud" platforms (Screen Boss and Screen Elf), are poised for growth [1] Financial Performance - H1 2024 revenue reached 1.563 billion RMB, up 17.56% YoY, with net profit of 324 million RMB, up 37.69% YoY [1] - Q2 2024 revenue was 882 million RMB, up 13.89% YoY and 29.46% QoQ, with net profit of 202 million RMB, up 33.84% YoY and 64.71% QoQ [1] - H1 2024 gross margin was 55.54%, up 6.14 percentage points YoY, and net margin was 20.76%, up 3.04 percentage points YoY [1] - Domestic revenue in H1 2024 was 1.27 billion RMB, up 13.17% YoY, while overseas revenue was 289 million RMB, up 41.78% YoY [1] Business Segments LED Display Control Systems - Revenue from LED display control systems in H1 2024 was 757 million RMB, up 18.53% YoY, with a gross margin of 46.46%, up 7.72 percentage points YoY [1] - The global LED display market is expected to reach 12.955 billion USD by 2026, with a CAGR of 13.78% from 2021 to 2026 [1] - The small-pitch LED display market is projected to reach 10.921 billion USD by 2026, with a CAGR of 23.65% [1] - The micro-pitch LED display market is expected to reach 1.354 billion USD by 2026, with a CAGR of 40.08% [1] Video Processing Equipment - Revenue from video processing equipment in H1 2024 was 611 million RMB, up 12.26% YoY, with a gross margin of 67.21%, up 6.69 percentage points YoY [1] - The ultra-high-definition video industry in China is expected to exceed 7 trillion RMB by 2025 [1] - The company's products have a cost advantage of over 40% compared to overseas competitors, aiding in market share expansion [1] Cloud Services - Revenue from cloud services in H1 2024 was 88 million RMB, up 1.93% YoY, with a gross margin of 57.75%, up 3.18 percentage points YoY [1] - The dual "cloud" platforms (Screen Boss and Screen Elf) are highly regarded in the industry, with significant user activity [1] Financial Forecast - Expected revenue for 2024-2026: 4.213 billion RMB, 5.726 billion RMB, and 7.649 billion RMB, with YoY growth of 37.9%, 35.9%, and 33.6% respectively [1][2] - Expected net profit for 2024-2026: 809 million RMB, 1.146 billion RMB, and 1.617 billion RMB, with YoY growth of 33.2%, 41.7%, and 41.1% respectively [1][2] - The company's 2024 PE ratio is estimated at 30x, with a target market capitalization of 24.21 billion RMB [1] Industry Outlook - The LED display industry is expected to grow significantly, driven by MLED penetration and technological advancements [1] - The ultra-high-definition video industry is transitioning from 2K to 4K, with 8K products in the early stages of development [1]