Framework Journal · one stock, one dated entry

Recorded 2026-08-14 · Permanent

Nano Labs Ltd NA

Clears the common standard

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Nano Labs Ltd engages in the design and sale of fabless integrated circuit and product solutions in the People's Republic of China, Hong Kong, Singapore, the United States, and internationally.

The label
Accumulation

read at $1.87

Nano Labs Ltd holds its Accumulation at $1.87.

PHINPOOPSC
  • PHPhase · the trend structure carries the Accumulation label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-08-14
PhaseAccumulation
Quantitative stateConsolidating, no directional conviction, held for 27 days
Price$1.87
Valuation1.85 trailing · N/A forward price to earnings
Values screenPASS · score 70.0
Beta3.42

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Trailing P/E1.9x
very cheap relative to earnings
Revenue growth18.1%
steady growth
Profit margin501.6%
highly profitable on every dollar of sales
Return on equity25.9%
an exceptional return on shareholder capital
Debt to equity0.32
minimal debt — a conservative balance sheet
Current ratio2.09
comfortably covers its short-term bills
Beta3.42
much more volatile than the market
Market cap$43M
Employees67

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it already moves more than the market on an average day; its business and earnings are exposed to China and to currency swings.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in NA's space worth a look

Screened names in the same industry · explore each on its own page.

The trader read · the latest dated commentary

The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 0.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 83%. Our forward projection puts the odds of a 10% gain over the next month near 30%. Entered 2026-08-06 · Distribution

The dated journal · newest first, never edited

2026-08-06 Distribution · changed $1.77 +0.6% Entry 4

The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 0.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 83%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-07-18 Markup $1.76 +0.0% Entry 3

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 83%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-07-03 Markup $1.76 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.

2026-07-02 Markup $1.76 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The political ledger · congressional disclosures

Disclosures naming NA
DatePoliticianPartyTypeAmount
9 Jul2026 Ro Khanna Democrat sell 1K–15K
9 Jul2026 Ro Khanna Democrat sell 1K–15K
9 Apr2026 Josh Gottheimer Democrat sell 1K–15K
9 Apr2026 Josh Gottheimer Democrat sell 15K–50K
9 Apr2026 Josh Gottheimer Democrat sell 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $2.04 -1.5% · $985 -1.5%
2 months $3.07 -34.5% · $655 -34.5%
3 months $2.95 -31.9% · $681 -31.9%
6 months $3.10 -35.2% · $648 -35.2%
1 year $11.62 -82.7% · $173 -82.7%
2 years $4.70 -57.2% · $428 -57.2%
3 years $27.00 -92.6% · $74 -92.6%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever NA does next, these words stay.

Nano Labs Ltd · NA · Accumulation · $1.87
Recorded 2026-08-14 · before the outcome · scored mechanically

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