Group 1 - The participation of robotics companies in the 2026 CCTV Spring Festival Gala highlights the growing integration of robotics into everyday life and the capital market's interest in the embodied intelligence industry [1] - Several listed companies have established strategic partnerships or investments in key players within the robotics sector, indicating a collaborative ecosystem [1][3] - Companies like ChipLink Integrated and Summer Precision are actively developing products for humanoid robots, with some already achieving mass production [3][4] Group 2 - Tianqi Co. and Galaxy General have formed a joint venture to promote the application of embodied intelligent robots in industrial manufacturing, particularly in automotive and new energy sectors [4] - Junyi Digital has established a dual relationship with Galaxy General, involving both capital investment and a partnership for market promotion in specific verticals [4] - Companies such as Shicheng Holdings are heavily investing in the robotics sector, supporting multiple core enterprises through various funds [4][5] Group 3 - The 2025 Spring Festival Gala showcased humanoid robots, which previously led to rapid growth in the robotics industry, raising questions about whether this year's event can reignite similar enthusiasm [6] - Companies like Hongchang Technology and Xiaxia Precision express cautious optimism about the market potential for humanoid robots, noting that many are still in the early stages of development and order fulfillment [7][8] - Green Harmonic and Liyade are also exploring opportunities in the embodied intelligence sector, with varying degrees of revenue contribution from these initiatives [9][10]

Group 1 - The company approved a guarantee limit of up to 2.2 billion RMB for its wholly-owned subsidiary, Zhuhai Nasda Information Technology Co., Ltd., during board and shareholder meetings held on December 1 and December 17, 2025, respectively [2] - The company signed a maximum guarantee contract with CITIC Bank Zhuhai Branch, providing a guarantee for a principal amount of 450 million RMB, effective from February 12, 2026, to May 20, 2029 [2][3] - The guarantee covers all debts, including principal, interest, penalties, and various fees related to the debt recovery process [3] Group 2 - After this guarantee, the total external guarantee amount for the listed company and its subsidiaries is 6.435 billion RMB, with a total balance of 1.426 billion RMB, representing 14.21% of the company's latest audited net assets [4] - There are no overdue guarantees or guarantees involved in litigation as of the announcement date [4]

证券代码：002180 证券简称：纳思达 公告编号：2026-011 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、担保情况概述 纳思达股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日召开第八 届董事会第四次会议及于 2025 年 12 月 17 日召开 2025 年第三次临时股东会，分 别审议通过了《关于 2026 年度为全资子公司提供担保额度预计的议案》，公司 为珠海纳思达信息技术有限公司（以下简称"纳思达信息技术"）提供不超过 22.00 亿元的担保额度，上述担保额度的有效期自公司 2025 年第三次临时股东 会审议通过之日起 12 个月内有效。具体内容详见公司于 2025 年 12 月 2 日在《证 券时报》《中国证券报》《证券日报》《上海证券报》和巨潮资讯网 （www.cninfo.com.cn）上披露的《关于 2026 年度为全资子公司提供担保额度预 计的公告》（公告编号：2025-087）。 二、担保进展情况 公司与中信银行股份有限公司珠海分行（以下简称"中信银行珠海分行"） 签署《最高额保证合同》（以下简称"本合同"）， ...

Core Insights - The article discusses the evolution of the Chinese printing industry, particularly focusing on the strategic acquisition of Lexmark by the Chinese company Nasda, which was valued at $3.9 billion (approximately 26 billion RMB) ten years ago, highlighting the shift in market dynamics and competitive strategies [3][14][24] Group 1: Historical Context - Ten years ago, the acquisition of Lexmark by Nasda was met with skepticism from analysts, who viewed it as an audacious gamble by a Chinese company [3][4] - The article outlines the "razor and blades" business model employed by major printing companies, where printers are sold at low prices while consumables like ink cartridges are sold at high margins, creating a dependency on original products [6][8] Group 2: Competitive Strategies - Nasda's initial approach involved basic modifications to ink cartridges, but the company soon realized that overcoming patent barriers required more sophisticated strategies, including reverse engineering and chip design [10][12] - The fierce competition led to significant price reductions for compatible ink cartridges, dropping prices to one-fifth or even one-tenth of original products, demonstrating the effectiveness of Nasda's strategies [12] Group 3: Acquisition Rationale - The acquisition of Lexmark was not merely about gaining market share but acquiring essential patents that would allow Nasda to innovate and compete effectively in the high-end printing market [14][17] - This strategic move transformed Nasda from a market disruptor to a rule-maker, enabling the development of its own brand, Pantum, and establishing a complete supply chain from chips to software and hardware [17][22] Group 4: National Security Implications - The article emphasizes that the stakes have risen beyond commercial interests to national security, as printers can pose significant information security risks if controlled by foreign entities [19][21] - The need for secure and controllable printing solutions has made domestic brands like Pantum essential for safeguarding sensitive information [21] Group 5: Industry Evolution - The printing industry in Zhuhai has evolved from merely selling ink cartridges and printers to offering comprehensive services, including print management and cloud security solutions, indicating a qualitative shift in business models [22][26] - The historical journey of the Chinese printing industry reflects a blend of resilience and strategic investment, culminating in a robust position in the global market [24][26]

Core Viewpoint - The shareholding change in Nasda (002180.SZ) is due to the passing of its actual controller, Mr. Li Dongfei, whose shares and equity in Zhuhai Hengxin Fengye Technology Co., Ltd. are inherited by his spouse, Ms. Zhu Wanmei, and son, Mr. Li Yixiang. This change does not involve any increase or decrease in shares or a takeover bid [1] Group 1 - The share transfer has been completed as of the announcement date, with the inheritance of Mr. Li Dongfei's shares and equity in Hengxin Fengye [1] - The "Joint Action Agreement" signed by Mr. Wang Dongying, Mr. Zeng Yangyun, and Mr. Li Dongfei on October 8, 2022, has been terminated due to one party no longer holding any equity in Hengxin Fengye [1] - Following the termination of the joint action relationship, the actual controller of the company has changed from three individuals to Mr. Wang Dongying alone, which does not involve a takeover bid [1] Group 2 - The reduction in the actual controller will not lead to a change in the company's controlling shareholder and will not adversely affect the company's daily operations [1] - Mr. Wang Dongying continues as the actual controller, which is expected to have a positive impact on the company's sustained and stable development [1]

Core Viewpoint - The shareholding change in Nasda (002180.SZ) is due to the passing of its actual controller, Mr. Li Dongfei, whose shares and equity in Zhuhai Hengxin Fengye Technology Co., Ltd. are inherited by his spouse, Ms. Zhu Wanmei, and son, Mr. Li Yixiang. This change does not involve any increase or decrease in shares or a takeover bid [1] Shareholding Change - The share transfer has been completed as of the announcement date, with the inheritance of Mr. Li Dongfei's shares and equity in Hengxin Fengye [1] - The agreement among Mr. Wang Dongying, Mr. Zeng Yangyun, and Mr. Li Dongfei, signed on October 8, 2022, has been terminated due to the loss of direct or indirect shareholding in Hengxin Fengye by any party [1] Control Structure - Following the termination of the agreement, the actual controller of the company has changed from three individuals to Mr. Wang Dongying alone, without affecting the company's controlling shareholder or requiring a takeover bid [1] - The reduction in actual controllers is not expected to negatively impact the company's daily operations, and Mr. Wang Dongying's continued role as the actual controller is seen as beneficial for the company's stable development [1]

证券代码：002180 证券简称：纳思达 公告编号：2026-010 纳思达股份有限公司 公司实际控制人之一李东飞先生于 2024 年 10 月逝世，李东飞先生生前直接持 有公司股份 21,284,025 股，占公司总股本的 1.50%；同时，李东飞先生直接持有恒 关于实际控制人之一股份完成继承过户暨公司实际控制人减少 的提示性公告 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、本次股份变动原因系纳思达股份有限公司（以下简称"公司"或"纳思达"） 实际控制人之一李东飞先生逝世，其生前持有的公司股份及持有珠海恒信丰业科技 有限公司（以下简称"恒信丰业"）的股权，由其配偶朱婉媚女士、儿子李亦翔先 生共同继承，继承人通过继承的方式取得上市公司的股份及恒信丰业的股权。本次 股份变动不涉及增持或减持股份，不涉及要约收购。截至本公告披露日，李东飞先 生生前所持公司股份及恒信丰业的股权继承过户已完成。 2、根据上述情况，汪东颖先生、曾阳云先生、李东飞先生于 2022 年 10 月 8 日签署的《一致行动人协议》因任意一方不再直接或间接持有恒信丰业的任何 ...

证券代码：002180 证券简称：纳思达 上市地：深圳证券交易所 股票简称：纳思达 股票代码：002180 信息披露义务人 | 序号 | 名称 | 住所或通讯地址 | | --- | --- | --- | | 1 | 曾阳云 | 广东省珠海市 | 股份变动性质：不涉及持股数量增减，一致行动人协议终止 签署日期：二Ο二六年二月 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的 公司信息披露内容与格式准则第 15 号——权益变动报告书（2025 年修订）》（以 下简称"《准则 15 号》"）及其他相关法律、法规及部门规章的有关规定编写本 报告书。 纳思达股份有限公司 简式权益变动报告书 上市公司名称：纳思达股份有限公司 股票上市地点：深圳证券交易所 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《证券法》《收购办法》《准则 15 号》的有关规定，本报告书已全 面披露了信息披露义务人在纳思达股份有限公司（以下简称"上市公司""公司" 或"纳思达"）中拥有权益的股份变动情况。 四、 ...

证券代码：002180 证券简称：纳思达 上市地：深圳证券交易所 纳思达股份有限公司 简式权益变动报告书 上市公司名称：纳思达股份有限公司 股票代码：002180 信息披露义务人 | 序号 | 名称 | 住所或通讯地址 | | --- | --- | --- | | 1 | 朱婉媚 | 广东省珠海市 | | 2 | 李亦翔 | 广东省珠海市 | 股份变动性质：继承股份导致权益增加 签署日期：二Ο二六年【】月 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的 公司信息披露内容与格式准则第 15 号—权益变动报告书》（以下简称"《准则 15 号》"）及其他相关法律、法规及部门规章的有关规定编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 股票上市地点：深圳证券交易所 股票简称：纳思达 三、依据《证券法》《收购办法》《准则 15 号》的有关规定，本报告书已全 面披露了信息披露义务人在纳思达股份有限公司（以下简称"上市公司""公司" 或"纳思达"）中拥有权益的股份变动情况。 四、 ...

南财智讯2月6日电，纳思达公告，因公司实际控制人之一李东飞先生逝世，其生前直接持有的 21,284,025股公司股份（占总股本1.50%）由其配偶朱婉媚女士、儿子李亦翔先生共同继承。本次权益 变动通过非交易过户方式完成，相关股份已于2026年2月5日在中国证券登记结算有限责任公司办理完毕 过户登记，并取得《证券过户登记确认书》。其中，朱婉媚获受让10,642,013股（占总股本0.75%）， 李亦翔获受让10,642,012股（占总股本0.75%），二人构成一致行动人，合计持股比例已升至1.50%。 ...