| | | 广东纳睿雷达科技股份有限公司 章程 二〇二五年七月 第一章 总则 第一条 为维护广东纳睿雷达科技股份有限公司（以下简称"公司"）、 股东、职工和债权人的合法权益，规范公司的组织和行为，根据《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》"）和其他有关规定，制定本章程。 第二条 公司系依照《公司法》《中华人民共和国公司登记管理条例》和 其他有关规定由原珠海纳睿达科技有限公司整体变更方式发起设立的股份有限 公司。公司在珠海市市场监督管理局登记注册，取得营业执照，统一社会信用 代码为 91440400304080484P。 第三条 公司于 2022 年 12 月 15 日经中国证券监督管理委员会（以下简 称"中国证监会"）同意注册，首次向社会公众发行人民币普通股 3,866.68 万股， 于 2023 年 3 月 1 日在上海证券交易所科创板上市。 第四条 公司注册名称：广东纳睿雷达科技股份有限公司 公司英文全称：Naruida Technology Co.,Ltd. 第五条 公司住所：珠海市唐家湾镇港乐路 2 号，邮编：519000。 第六条 公司 ...

近日，公司已完成上述工商变更登记和备案手续，现将相关内容公告如下： 广东纳睿雷达科技股份有限公司 关于变更公司注册资本、修订《公司章程》并办理完成 工商变更登记的公告 证券代码：688522 证券简称：纳睿雷达 公告编号：2025-054 号 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 广东纳睿雷达科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 18 日、 2025 年 5 月 9 日召开第二届董事会第九次会议和 2024 年年度股东大会，审议通过了 《关于公司 2024 年度利润分配及资本公积金转增股本方案的议案》，根据 2024 年年 度股东大会的授权，同意公司管理层具体执行本次利润分配及资本公积金转增股本方 案，根据实施结果适时变更注册资本、修订《广东纳睿雷达科技股份有限公司章程》 （以下简称"《公司章程》"）相关条款并办理相关登记变更手续。此外，公司分别于 2025 年 5 月 30 日、2025 年 6 月 16 日召开的第二届董事会第十次会议和 2025 年第一 次临时股东大会，审议通过了《关 ...

Core Viewpoint - A-share listed companies have reported significant growth in both revenue and net profit in their mid-year performance forecasts, with some companies showing net profit growth exceeding 2300% [2][3]. Group 1: Companies with High Profit Growth - A total of 20 companies have reported a net profit growth forecast exceeding 100%, with corresponding revenue growth also positive [3]. - The average stock price increase for these companies year-to-date is 31.25%, indicating strong market recognition of their improved fundamentals [3]. - Aerospace Science and Technology leads the list with a net profit growth forecast of 2315.27% and revenue growth of 5.52%, despite the net profit being negative after excluding non-recurring gains [4][5]. Group 2: Low Valuation and High Growth Companies - Several companies have achieved high net profit growth while maintaining a low price-to-earnings (P/E) ratio below 20 [6]. - Among the 20 low valuation high growth companies, 19 have realized positive returns year-to-date, suggesting market favorability towards these stocks [6]. - Muyu Group tops the list with a net profit growth forecast of 1190.26% and a P/E ratio of 13.79, with a year-to-date stock price increase of 19.02% [7][8]. Group 3: Companies Turning Losses into Profits - Several A-share companies have announced turning losses into profits, which is a significant indicator of operational improvement [9]. - Nanfang Precision's net profit growth forecast is nearly 36000%, attributed to gains from equity investments and divestitures [10]. - Tianqi Lithium is also expected to turn profitable with a net profit forecast between 0 and 1.55 billion yuan, recovering from a loss of 5.206 billion yuan in the previous year [10].

Core Viewpoint - The interview with Gong Xuehua, the Secretary of the Board of Directors of Narui Radar, highlights the company's focus on advanced radar technology and its applications in various fields, emphasizing the importance of technological innovation as a driving force for new productive forces in the industry [5][6][12]. Company Overview - Narui Radar specializes in full-polarization active phased array radar technology and has achieved early industrialization. The company provides radar detection system solutions primarily for meteorological detection and water resource monitoring, with plans to expand into civil aviation, marine monitoring, low-altitude economy, and public safety [5][7]. Industry Insights - The phased array radar technology has evolved significantly since its inception in the 1960s, with advancements in computing and materials leading to reduced costs and broader applications. The technology is currently used mainly in military and aerospace sectors, but its potential for civilian applications is growing [6][7]. Technological Advancements - The integration of artificial intelligence (AI) with phased array radar is transforming its performance and application scenarios, moving from enhanced perception to autonomous decision-making. This shift is expected to create new business models and solutions in radar systems [8][12]. Product Development - The company is actively developing new products, such as a dual-polarization, all-solid-state, full-phase array rain radar that utilizes AI for precise rainfall estimation and hydrological monitoring. This product is part of a broader strategy to enhance capabilities in flood forecasting and disaster prevention [8][10]. Research and Development - Narui Radar has invested significantly in R&D, with a reported expenditure of approximately 78.48 million yuan in 2024, marking a 37.24% increase year-on-year. The company has secured numerous patents and continues to develop advanced radar systems, which have been recognized as internationally advanced [11][12].

Group 1 - The defense and military industry experienced a significant surge, with ground equipment concepts collectively rising, and companies like Construction Industrial hitting the daily limit [1] - The popular defense and military ETF (512810) saw a strong performance, achieving consecutive gains over 5-day and 10-day moving averages, with increased capital inflow in the previous two days [1] Group 2 - During the mid-year reporting season, 29 component stocks of the defense and military ETF have released performance forecasts, with 23 stocks expected to report profits, accounting for nearly 80% [3] - Among the forecasted net profit growth, 11 stocks are expected to see a doubling of net profits, with Aerospace Science and Technology's net profit growth exceeding 23 times, and companies like Gaode Infrared and Nairui Radar also showing significant growth rates of over 9 times and 8 times respectively [3][4] - The shipbuilding sector's component stocks are generally exceeding expectations, with companies like China Shipbuilding, China Heavy Industry, China Power, and China Ship Defense all forecasting a doubling of their performance [3] Group 3 - The defense and military ETF (512810) is highlighted as an efficient investment tool, covering various themes such as commercial aerospace, deep-sea technology, military AI, low-altitude economy, and large aircraft, while also being a financing and interconnection target [5]

Group 1 - The A-share market experienced a slight rebound on July 15, with the communication industry performing strongly while the defense and military sector saw a pullback, indicating a trend of buying on dips [1] - The Aerospace ETF (159227) has recorded a net inflow of funds for 13 consecutive days, totaling 312 million yuan, reflecting significant growth in scale [1] - The military industry is heavily influenced by five-year plans, which are key drivers for market expectations and industry operations, with the upcoming "14th Five-Year Plan" expected to clarify development guidance for the next three to five years [1] Group 2 - The Aerospace ETF (159227) closely tracks the National Securities Aerospace Index, focusing on core areas of military and aerospace, with a high concentration of 98.2% in the first-level military industry [2] - The index's component stocks have a weight of 66.5% in aerospace equipment, significantly surpassing other military and defense indices, making it the largest product tracking the National Securities Aerospace Index [2]

Core Viewpoint - The A-share market shows mixed performance with the communication sector experiencing significant gains while the defense and military industry faces a pullback. The Aerospace ETF (159227) has seen a decline of 1.27% with a trading volume of 79.79 million yuan, indicating a strong interest in military stocks despite recent fluctuations [1]. Group 1: Market Performance - As of 13:33, the Shanghai Composite Index fell below 3500 points, while the communication sector rose against the trend [1]. - The Aerospace ETF has recorded a net inflow of funds for 13 consecutive trading days, totaling 312 million yuan, with a current scale of 563 million yuan, making it the largest in its category [1]. Group 2: Industry Insights - The Aerospace ETF tracks the National Aerospace Index, which has a strong military attribute with 98.2% of its components belonging to the defense sector. The weight of aerospace equipment in this index is 66.5%, significantly higher than other military indices [1]. - According to Zhonghang Securities, the military sector is expected to see performance recovery, driven by factors such as the "September 3 Parade" and geopolitical conflicts, indicating structural opportunities in the market [1].

Group 1 - The company forecasts a revenue of approximately 154.89 million yuan for the first half of 2025, representing an increase of about 82.12 million yuan or 113% compared to the same period last year [3] - The estimated net profit attributable to the parent company for the first half of 2025 is around 56.55 million yuan, which is an increase of approximately 50.66 million yuan or 860% year-on-year [3] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be about 53.50 million yuan, reflecting an increase of around 43.93 million yuan or 459% compared to the previous year [3] Group 2 - In the same period last year, the company reported a revenue of 72.78 million yuan and a net profit of 5.89 million yuan attributable to the parent company [5] - The company attributes the significant growth in revenue and profit to its product technology and brand advantages, as well as a substantial increase in new contracts for hydrological radar [6] - The company has experienced accelerated confirmation of existing orders, contributing to its rapid revenue growth and improved profitability [6]

[Current Period Performance Forecast](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company projects significant growth in 2025 first-half performance, with revenue increasing to approximately **155 million yuan** and net profit to **56.55 million yuan** - The performance forecast covers the period from January 1, 2025, to June 30, 2025[2](index=2&type=chunk) - This performance forecast data represents preliminary calculations by the financial department and has not been audited by a certified public accountant[2](index=2&type=chunk) Key Performance Forecast Data for H1 2025 | Indicator | H1 2025 Forecast | H1 2024 Actual | Year-over-Year Growth | | :--- | :--- | :--- | :--- | | **Operating Revenue** | Approx. 154.89 million yuan | 72.78 million yuan | Approx. 113% | | **Net Profit Attributable to Parent Company Shareholders** | Approx. 56.55 million yuan | 5.89 million yuan | Approx. 860% | | **Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Items** | Approx. 53.50 million yuan | 9.57 million yuan | Approx. 459% | [Prior Period Performance Review](index=1&type=section&id=Item%202.%20Prior%20Period%20Performance%20and%20Financial%20Status) The company's 2024 first-half performance included **72.78 million yuan** in revenue, **5.89 million yuan** in net profit, and **0.02 yuan** in basic earnings per share H1 2024 Performance Review | Indicator | Amount | | :--- | :--- | | **Operating Revenue** | 72.78 million yuan | | **Total Profit** | 1.22 million yuan | | **Net Profit Attributable to Parent Company Shareholders** | 5.89 million yuan | | **Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Items** | 9.57 million yuan | | **Basic/Diluted Earnings Per Share** | 0.02 yuan/share | [Performance Growth Drivers](index=1&type=section&id=Item%203.%20Key%20Reasons%20for%20Current%20Period%20Performance%20Change) Significant performance growth is attributed to product technology and brand advantages, leading to increased hydrological radar contracts and accelerated revenue recognition - The company has gained recognition from customers across various sectors due to its product technology and brand advantages[4](index=4&type=chunk) - The core growth driver is the substantial increase in new contract values for hydrological rainfall radar[4](index=4&type=chunk) - Accelerated recognition and fulfillment of existing orders also significantly contributed to the substantial increase in operating revenue[4](index=4&type=chunk) - Combining these factors, the company's performance maintained rapid growth, with a significant improvement in profitability[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=Item%204.%20Risk%20Warning) This performance forecast is a preliminary, unaudited financial department calculation, with no significant uncertainties identified as of the announcement date - The performance forecast data represents preliminary calculations by the company's financial department and has not been audited by a certified public accountant[6](index=6&type=chunk) - As of the announcement date, the company has not identified any significant uncertainties affecting the accuracy of this performance forecast[6](index=6&type=chunk) [Other Explanations](index=2&type=section&id=Item%205.%20Other%20Explanations) Investors are reminded that forecast data is preliminary, with final figures subject to the 2025 semi-annual report, and to note investment risks - The final accurate financial data will be released in the company's officially disclosed 2025 semi-annual report[7](index=7&type=chunk) - Investors are advised to be aware of investment risks[7](index=7&type=chunk)

Core Viewpoint - Narui Radar (688522.SH) expects a significant increase in net profit for the first half of 2025, projecting approximately 56.55 million yuan, representing a year-on-year growth of 860% [1] Financial Performance - The company anticipates a revenue increase of 113% year-on-year during the reporting period [1] - The substantial growth in net profit and revenue is attributed to the company's product technology and brand advantages [1] Market Position - Narui Radar has gained recognition from clients across various sectors, leading to a notable increase in new contracts for hydrological measurement and rain radar [1] - The acceleration in confirming existing orders has contributed to the company's improved financial performance [1]