Naruida(SH:688522) Zheng Quan Zhi Xing·2025-08-25 16:30Core Viewpoint - Guangdong Naruida Radar Technology Co., Ltd. reported significant growth in revenue and profit for the first half of 2025, driven by increased orders for phased array radar systems and improved cash flow management [1][4][12]. Company Overview - The company specializes in the research, production, and sales of phased array radar systems and related services, primarily focusing on X-band dual-polarization active phased array radar [5][8]. - The company is recognized for its advanced technology in full-polarization active phased array radar and has established a weather observation network in the Guangdong-Hong Kong-Macao Greater Bay Area [7][8]. Financial Performance - For the first half of 2025, the company reported operating revenue of approximately RMB 154.90 million, a 112.84% increase from the same period last year [3][4]. - The total profit reached approximately RMB 60.02 million, marking a staggering increase of 4,826.21% year-on-year [3][4]. - The net profit attributable to shareholders was approximately RMB 56.95 million, up 866.97% compared to the previous year [3][4]. Research and Development - The company invested approximately RMB 44.78 million in R&D during the reporting period, reflecting a 21.99% increase year-on-year [12]. - The company has obtained several patents and is actively developing new radar technologies, including C-band and S-band phased array radars [12][13]. Market Position and Products - The company’s main products include X-band dual-polarization active phased array radar systems, which are used for meteorological detection and water resource monitoring [8][9]. - The company has received multiple awards for its radar systems, indicating strong market recognition and competitive advantage [7][8]. Industry Context - The phased array radar technology has seen rapid development and application in both military and civilian sectors, with increasing demand for advanced weather detection and monitoring systems [6][7]. - The company is positioned to capitalize on the growing market for civil applications of phased array radar, including aviation, marine monitoring, and public safety [7][8].