登录新浪财经APP 搜索【信披】查看更多考评等级 据证券之星公开数据整理，近期纳睿雷达(688522)发布2025年中报。截至本报告期末，公司营业总收入 1.55亿元，同比上升112.84%，归母净利润5694.66万元，同比上升866.97%。按单季度数据看，第二季 度营业总收入9670.49万元，同比上升134.22%，第二季度归母净利润3528.1万元，同比上升2027.66%。 本报告期纳睿雷达存货明显上升，存货同比增幅达50.07%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率72.32%，同比减7.4%，净利率36.76%，同比增 354.33%，销售费用、管理费用、财务费用总计1115.28万元，三费占营收比7.2%，同比减33.52%，每股 净资产7.5元，同比减25.41%，每股经营性现金流-0.05元，同比减45.91%，每股收益0.19元，同比增 850.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 7277.67万 | 1.55亿 | 112.84% | | 归母净利润(元) ...

据证券之星公开数据整理，近期纳睿雷达（688522）发布2025年中报。截至本报告期末，公司营业总收 入1.55亿元，同比上升112.84%，归母净利润5694.66万元，同比上升866.97%。按单季度数据看，第二 季度营业总收入9670.49万元，同比上升134.22%，第二季度归母净利润3528.1万元，同比上升 2027.66%。本报告期纳睿雷达存货明显上升，存货同比增幅达50.07%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率72.32%，同比减7.4%，净利率36.76%，同比增 354.33%，销售费用、管理费用、财务费用总计1115.28万元，三费占营收比7.2%，同比减33.52%，每股 净资产7.5元，同比减25.41%，每股经营性现金流-0.05元，同比减45.91%，每股收益0.19元，同比增 850.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 7277.67万 | 1.55亿 | 112.84% | | 归母净利润(元) | 588.91万 | 5694.66万 | 8 ...

Core Viewpoint - The 22nd Changchun International Automobile Expo showcases the latest models and technologies from 118 global car manufacturers, emphasizing the theme "New Quality Leading the Future" and highlighting the automotive industry's new technologies, products, and trends [1][4]. Group 1: Event Overview - The Changchun Auto Expo features a "Future Mobility Exhibition Area" that presents cutting-edge technologies such as smart robots, hydrogen-powered bicycles, low-altitude radar, vehicle-road-cloud platforms, and smart charging piles, demonstrating the trend of cross-industry integration [2][3]. - The event is held in Changchun, known as the cradle of China's automotive industry, with major manufacturers like Volkswagen, Audi, and Toyota having joint ventures with China FAW [1][3]. Group 2: Company Participation - China FAW showcases a record 85 products across its six passenger car brands, including both classic and innovative models, aiming to provide an ultimate experience of modern automotive industry [3]. - Other notable participants include GAC, Dongfeng, BYD, and Chery, with seven brands such as Xiaomi and Avita making their debut at the expo [3]. Group 3: Industry Trends - The first half of the year has shown a stabilization and recovery in the Chinese automotive market, aligning with macroeconomic trends, indicating a shift from "scale expansion" to "quality victory" in the automotive industry [4]. - The expo will also host various events, including the 2025 New Energy Intelligent Vehicle Development Forum and a roadshow for the Belt and Road Initiative, reflecting the industry's focus on future development [4].

Summary of the Conference Call for Narui Radar Company Overview - **Company**: Narui Radar - **Industry**: Meteorological and Hydrological Radar Key Points and Arguments 1. **Profit Growth**: Narui Radar's profit for 2024 is expected to grow by approximately 400% year-on-year, driven by a significant increase in orders from the meteorological and hydrological surveying sectors, with meteorological orders increasing over twofold and hydrological radar orders nearly quadrupling, although some orders will be carried over to 2025 [2][4][30] 2. **Market Outlook**: The company anticipates continued strong performance in the meteorological and hydrological markets, benefiting from global weather disasters and China's severe disaster prevention and mitigation situation, with the government placing high importance on disaster warning capabilities [2][5][6] 3. **Military Orders**: As of April 2025, the company has accumulated approximately 150 million yuan in new military orders, with 110 million yuan added in the first quarter, indicating a significant growth trend in military contracts [2][9] 4. **Total Orders**: The total order amount for 2024 is 800 million yuan, with approximately 250 million yuan from Guangdong province and 550 million yuan from outside the province. All new orders of 150 million yuan in 2025 are from outside the province [2][13] 5. **Gross Margin**: The gross margin for hydrological and meteorological radar products is around 70%. The decline in gross margin in 2024 is attributed to lower product prices and a higher proportion of infrastructure projects, with a combined gross margin of approximately 70% to 75% when excluding infrastructure impacts [2][12][19] 6. **Backlog Orders**: As of the end of the first quarter of 2025, the company has a backlog of undelivered orders totaling approximately 500 to 600 million yuan, with revenue of about 80 million yuan confirmed in the first quarter [2][20] 7. **Order Delivery Issues**: Some orders were carried over to 2025 due to delays in supporting projects caused by clients, but confidence remains high for completing the previous year's orders [7][10] 8. **Market Competition**: Key competitors in the meteorological radar sector include Zhejiang Huasheng Meida, Beijing Huayun Group, and others. In the hydrological radar sector, competitors include Aerospace 23 Institute and others [14][15] 9. **Technological Advantage**: The company has a strong competitive advantage in the market due to its established technology, cost control, application effectiveness, and high customer recognition, achieving a market share of 60% in the meteorological sector [16] 10. **Sales Performance**: In 2024, the company sold 79 radars, with a roughly equal distribution between hydrological and meteorological radars, and most sales occurring outside Guangdong province [17][18] Additional Important Information 1. **Market Demand for Radar**: The market demand for X-band meteorological radars is substantial, with an estimated need for around 1,000 phased array weather radars and over 1,000 rain measurement radars across key flood-prone areas [21][24] 2. **Future Product Development**: The company is actively developing S and C-band radars, with expectations for significant market opportunities as the government updates its radar network [22][30] 3. **Acquisition of Sigma**: The acquisition of Sigma aims to meet the demand for next-generation phased array radar chips and expand into the CDS niche market, with Sigma being a key supplier for major companies like Huawei [3][29] 4. **Overall Market Outlook**: The company holds an optimistic view of future market performance, expecting stable demand in the meteorological sector and significant growth in the hydrological sector over the next two years [30][31]