---
title: "Minsheng Securities: NNCC's performance exceeded expectations, maintaining a \"Buy\" rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254971250.md"
description: "Minsheng Securities released a research report stating that NNCC will achieve a net profit attributable to shareholders of 116 million yuan in the first half of 2025, outperforming expectations and significantly improving from a loss of 74 million yuan in the same period of 2024. The company delivered its main products at the end of the 14th Five-Year Plan with a year-on-year increase, resulting in significant growth in both revenue and profit. As a core supplier in the industry, NNCC is actively laying out its development in intelligence and automation, maintaining a \"Recommended\" rating"
datetime: "2025-08-28T09:54:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254971250.md)
  - [en](https://longbridge.com/en/news/254971250.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254971250.md)
---

# Minsheng Securities: NNCC's performance exceeded expectations, maintaining a "Buy" rating

Minsheng Securities research report pointed out that NNCC achieved a net profit attributable to the parent company of 116 million yuan in 1H25, compared to -74 million yuan in 1H24; the performance exceeded expectations. By the end of the "14th Five-Year Plan," the company's headquarters delivered major products with a year-on-year increase, and revenue surged year-on-year, turning profits from losses. The company is a core supplier of navigation control and ammunition informationization in the industry, with a good position in the industrial chain, and is grasping the development trend of equipment intelligence/unmanned technology. It is actively deepening research and development in areas such as special communication/data links, connectors, and smart ammunition, which will form a new growth logic in the future. At the same time, the company continues to increase efforts to reduce costs and improve efficiency, promoting operational resilience. The firm maintains a "recommend" rating considering the company's leading position in the industry and its expansion in intelligent/information fields such as data links

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