证券代码：688110 证券简称：东芯股份 公告编号：2025-059 东芯半导体股份有限公司 董事会薪酬与考核委员会关于公司 2025 年限制性股票、 股票增值权激励计划激励对象名单的公示情况说明及核查意见 东芯半导体股份有限公司（以下简称"公司"）于 2025 年 9 月 29 日召开了 第三届董事会第四次会议，审议通过了《关于公司<2025 年限制性股票激励计划 （草案）>及其摘要的议案》《关于公司<2025 年股票增值权激励计划（草案）> 及其摘要的议案》等相关议案。根据《上市公司股权激励管理办法》（以下简称 "《管理办法》"）的相关规定，公司对 2025 年限制性股票、股票增值权激励 计划（以下简称"本次激励计划"）拟激励对象名单在公司内部进行了公示，公 司董事会薪酬与考核委员会结合公示情况对拟激励对象进行了核查，相关公示情 况及核查情况如下： 一、公示情况 1、公司于 2025 年 9 月 30 日在上海证券交易所网站（www.sse.com.cn）上 披露了《2025 年限制性股票激励计划（草案）》及其摘要、《2025 年股票增值权 激励计划（草案）》及其摘要、《2025 年限制性股票、股票增值 ...

Market Overview - The Chinese asset market experienced a collective pullback, with the A-share market declining significantly after a strong opening on the first trading day post-holiday. The Shanghai Composite Index fell approximately 1% to below 3900 points, while the ChiNext Index dropped over 5% before slightly narrowing its losses at the close [1] - The total trading volume in the Shanghai and Shenzhen markets decreased by 137.8 billion yuan compared to the previous day, totaling 253.45 billion yuan [1] Sector Performance - The semiconductor sector saw a substantial decline, with companies like Aojie Technology and Dongxin Co. dropping over 10%, and SMIC falling nearly 8% [2][3] - Conversely, resource sectors such as gas, coal, steel, and oil experienced gains, with companies like Dazhong Public Utilities and Hongtong Gas hitting the daily limit up [2][7] - The coal sector is expected to see improved performance in Q3 due to rising coal prices, with potential further increases in Q4 as winter demand rises [8] Semiconductor Sector Insights - Analysts suggest that the recent adjustment in the semiconductor sector is a short-term fluctuation driven by profit-taking, rather than a fundamental shift in the industry's long-term growth prospects. The trend of domestic substitution remains a key focus [3][5] - Domestic wafer fabs are progressively establishing high levels of localization, particularly in advanced storage, with expectations for stable expansion needs through 2025 and rapid growth anticipated by 2026 [5] Brokerage Sector Dynamics - The brokerage sector showed strong performance, with stocks like Guosen Securities reaching their daily limit. The sector's growth is supported by favorable policies, improved market confidence, and a shift towards high-value-added services [9][10] - The current environment is seen as enhancing the brokerage sector's profitability outlook, making it an attractive investment opportunity [10]

Market Overview - The A-share market experienced a collective decline, with major indices opening lower, including a nearly 1% drop in the ChiNext Index and over 1% in the Shenzhen Component Index [1][3] - The STAR 50 Index saw a significant drop of over 4% at the beginning of trading [2] Sector Performance - The semiconductor chip sector, including memory, MCU, and GPU indices, faced substantial declines, with individual stocks like Dongxin Co. dropping over 13% [3][5][6] - The lithium battery sector also experienced a sharp decline, with stocks such as Xian Dao Intelligent and Yinghe Technology falling over 10% [7] - Precious metals saw a pullback, with gold stocks declining after a previous surge, as spot gold prices fell to $3972 per ounce [9][12] Notable Stocks - Semiconductor stocks like Zhongxin International and Baiwei Storage saw significant drops, with Zhongxin International down over 5% [4][6] - In the lithium battery sector, Ningde Times fell over 5%, while other stocks in the industry also reported declines [7] - The textile and apparel sector showed strength, with several stocks hitting the daily limit up, including Jin Chun Co. and Henghui Security [10][12] IPO Market Activity - The Hong Kong IPO market saw a surge, with Jin Ye International Group's stock price skyrocketing by 564% on its debut [14] - Deloitte's report indicated a strong performance in the Hong Kong IPO market, raising the forecast for the number of new listings in 2025 to over 80 [14]

Group 1 - The A-share market experienced a significant decline in chip stocks, with Dongxin Co. and Baiwei Storage dropping over 11%, and Yandong Micro and Jinghe Integration falling over 10% [1] - Several stocks, including Zhongxin International and Baiwei Storage, had their margin trading calculation ratios adjusted to 0 due to static P/E ratios exceeding 300 times [1] - This adjustment is a routine operation by brokerages based on exchange rules that have been in place since 2016, affecting all A-share stocks with static P/E ratios above 300, not just specific industries or sectors [1] Group 2 - The market capitalization and year-to-date performance of several key chip stocks were highlighted, with Dongxin Co. valued at 42.7 billion and a year-to-date increase of 287.79%, while Baiwei Storage had a market cap of 44.3 billion and a year-to-date increase of 53.30% [2] - Other notable declines included Yandong Micro with a market cap of 41.6 billion and a year-to-date increase of 45.24%, and Jinghe Integration with a market cap of 71.4 billion and a year-to-date increase of 53.31% [2] - The overall trend indicates a challenging environment for chip stocks in the A-share market, with multiple companies experiencing significant drops in their stock prices [1][2]

格隆汇10月10日｜A股市场芯片股集体重挫，其中，东芯股份、佰维存储跌超11%，燕东微、晶合集成 跌超10%，德明利、华虹公司、普冉股份跌超8%，联芸科技、芯联集成跌超7%，恒烁股份、翱捷科 技、气派科技、敏芯股份、中芯国际、长光华芯、中微半导跌超6%，中芯国际跌超5%。 | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688110 | 东心服分 | - | -11.66 | 427亿 | 287.79 | | 688525 | 佰维存储 | 1 | -11.00 | 443 乙 | 53.30 | | 688172 | 燕东微 | 1 | -10.40 | 416亿 | 45.24 | | 688249 | 晶合集成 | H | -10.33 | 714亿 | 53.31 | | 001309 | 德明利 | 1 | -8.93 | 430亿 | 204.96 | | 688347 | 华虹公司 | 1 | -8.79 | 2032亿 | 151.93 | | 688766 | 普申股份 | 豪 | ...

Core Viewpoint - The semiconductor stocks experienced a significant decline, with several companies seeing drops exceeding 10% due to adjustments in margin financing rates related to high static price-to-earnings ratios [1] Group 1: Stock Performance - Dongxin Co. and Baiwei Storage fell over 11% - Yandong Micro and Jinghe Integration dropped over 10% - Demingli, Huahong, and Purun shares decreased over 8% - Lianyun Technology and Chiplink Integration fell over 7% - Other companies like Hengsuo, Aojie Technology, and Zhongke International saw declines over 6% [1] Group 2: Margin Financing Adjustments - On October 9, margin financing rates for stocks like Zhongke International and Baiwei Storage were reduced to 0 due to their static price-to-earnings ratios exceeding 300 times - Multiple brokerages clarified that this adjustment is a routine operation based on exchange rules established in 2016, applicable to all A-share stocks with similar high static price-to-earnings ratios [1]

Core Viewpoint - The A-share market experienced a significant decline in chip stocks, with several companies seeing drops exceeding 10% due to adjustments in margin financing rates related to high static price-to-earnings ratios [1][2]. Group 1: Market Performance - Dongxin Co. saw a decline of 11.66%, with a total market value of 42.7 billion [2] - Baiwei Storage dropped by 11.00%, with a market capitalization of 44.3 billion [2] - Yandong Micro fell by 10.40%, with a market value of 41.6 billion [2] - Jinghe Integration decreased by 10.33%, with a total market value of 71.4 billion [2] - Other notable declines include Demingli (-8.93%), Huahong Company (-8.79%), and Puran Co. (-8.71%) [2]. Group 2: Margin Financing Adjustments - On October 9, margin financing rates for stocks like SMIC and Baiwei Storage were adjusted to 0 due to their static price-to-earnings ratios exceeding 300 times [1]. - This adjustment is a routine operation by brokerage firms based on exchange rules established in 2016, applicable to all A-share stocks with similar high static price-to-earnings ratios [1].

Core Insights - Dongxin Semiconductor Co., Ltd. experienced a 2.25% increase in stock price on October 9, with a trading volume of 4.045 billion yuan [1] - The company reported a financing net purchase of 225 million yuan on the same day, with a total financing balance of 2.988 billion yuan [1] - As of June 30, 2025, Dongxin's revenue reached 343 million yuan, marking a year-on-year growth of 28.81%, while the net profit attributable to shareholders was -111 million yuan, a decrease of 21.78% [2] Financing and Trading Activity - On October 9, Dongxin's financing buy amounted to 698 million yuan, with a financing balance of 2.981 billion yuan, representing 6.17% of the circulating market value [1] - The company’s margin trading balance is at a high level, exceeding the 90th percentile over the past year [1] - The short selling activity on the same day included 4,500 shares sold and a remaining short selling balance of 671,930 yuan, also at a high level [1] Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders decreased by 6.27% to 19,100, while the average circulating shares per person increased by 6.69% to 23,160 shares [2] - The top institutional shareholders include the Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF, which increased its holdings by 664,100 shares [2] - New institutional shareholders include Ruiyuan Growth Value Mixed A and Huaxia Industry Prosperity Mixed A, indicating growing interest in Dongxin [2]

Group 1 - The "Second Golden Unicorn Best Investment Advisor Selection" event is currently ongoing, with over 3,000 professional investment advisors participating in simulated trading competitions [1] - The event aims to provide a platform for investment advisors to showcase their capabilities, expand services, and enhance skills, thereby promoting the healthy development of China's wealth management industry [1] Group 2 - On October 9, the top ten stocks by purchase frequency in the stock group included companies such as Xiechuang Data (sz300857) and Lankai Technology (sh688008) [2] - The top ten stocks by purchase amount on the same day featured companies like SMIC (sh688981) and Lankai Technology (sh688008) [3] - The data for the top ten buy stocks/ETFs is based on the frequency of purchases by all participating contestants, while the top ten by purchase amount reflects the highest monetary investments [4]

Market Performance - In September and the third quarter of this year, the A-share market showed strong performance, with the ChiNext Index and the STAR 50 Index particularly standing out, as the ChiNext Index recorded a cumulative increase of over 50% in the third quarter [1][2] - The ChiNext Index rose by 12.04% in September, while the STAR 50 Index increased by 11.48%. The Shenzhen Component Index and the Shanghai Composite Index rose by 6.54% and 0.64%, respectively, with the North Exchange 50 Index declining by 2.90% [2] Trading Volume - September saw a record monthly trading volume in the A-share market, with a total trading volume of approximately 53.2 trillion yuan, marking a historical high [5] - The daily trading volume has consistently exceeded 2 trillion yuan since August 13, indicating a new normal for market activity [6][7] Sector Performance - The third quarter witnessed a broad increase across major sectors, with most sectors showing positive performance. Notably, the electronics, non-ferrous metals, and power equipment sectors saw increases exceeding 20% [8][9] - In September, sector performance was more mixed, with power equipment, real estate, electronics, automotive, and non-ferrous metals leading the gains, while sectors like defense, banking, and food and beverage experienced declines [9] Individual Stock Performance - Over 3,800 stocks rose in the third quarter, with more than 1,000 stocks increasing by over 30%, and over 90 stocks doubling in value. Notable performers included Upwind New Materials, Tianpu Co., and Chunzong Technology, with increases exceeding 200% [10][11] - In September, over 2,000 stocks increased in value, while more than 3,000 stocks declined, indicating significant differentiation among individual stocks [12]