证券代码：688155 证券简称：先惠技术 公告编号：2025-038 上海先惠自动化技术股份有限公司 2023 年股票期权计划首次授予第一个行权期 行权结果暨股票上市公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 429,089股。 本次股票上市流通总数为429,089股。 本次股票上市流通日期为2025 年 7 月 10 日。 4、公司于 2023 年 7 月 19 日召开第三届董事会第十六次会议、第三届监事会 第十六次会议，审议通过了《关于调整 2023 年股票期权激励计划相关事项的议案》 《关于向 2023 年股票期权激励计划对象首次授予股票期权的议案》。公司独立董 事发表了同意的独立意见，认为本激励计划相关事项调整内容在公司 2023 年第三 次临时股东大会对公司董事会的授权范围内，调整程序合法、有效，不存在损害 公司及全体股东利益的情况。 5、公司于 2023 年 9 月 6 日完成了 2023 年股票激励计划所涉股票期权的授 ...

Core Viewpoint - The company announced the completion of the cancellation of stock options from its 2023 stock option incentive plan, affecting a total of 1,343,535 stock options due to various reasons including employee departures and performance issues [1][2]. Group 1: Stock Option Cancellation - The board of directors approved the cancellation of stock options that were granted but not exercised, totaling 1,343,535 options [1]. - The cancellation includes 1,339,592 options from 267 individuals who no longer qualify due to resignation or voluntary withdrawal, and 3,943 options from 23 individuals who did not meet performance criteria [1]. - The cancellation process has been completed and confirmed by the China Securities Depository and Clearing Corporation [2]. Group 2: Impact on Company - The cancellation of stock options will not affect the company's capital structure or have a significant impact on its financial status and operational results [2]. - The implementation of the 2023 stock option incentive plan remains unaffected, ensuring no harm to the interests of the company and its shareholders, particularly minority shareholders [2].

根据《公司 2023 年股票期权激励计划》相关规定，本激励计划中 267 名激励 对象因离职而不再符合激励对象资格或个人原因自愿放弃参与公司本激励计划， 其已获授但尚未行权的股票期权不得行权，合计 1,339,592 份；23 名激励对象因个 人考核部分不达标，其考核不达标部分的股票期权合计 3,943 份，综上所述，公司 将注销上述已授予但尚未行权的股票期权合计 1,343,535 份。 具体内容详见公司于 2025 年 6 月 21 日在上海证券交易所网站 （www.sse.com.cn）披露的《上海先惠自动化技术股份有限公司关于公司 2023 年 股票期权激励计划首次授予第一个行权期行权条件成就暨注销部分股票期权的公 告》（公告编号：2025-036）。 公司已向中国证券登记结算有限责任公司上海分公司提交了注销上述股票期 权的申请，经中国证券登记结算有限责任公司上海分公司审核确认，上述 2023 年 股票期权激励计划共计 1,343,535 份股票期权的注销业务已于近日办理完毕。 证券代码：688155 证券简称：先惠技术 公告编号：2025-037 上海先惠自动化技术股份有限公司 关于公司 2023 ...

Summary of Key Points from the Conference Call Industry Overview - The mechanical industry has seen significant growth in the first half of 2025, with a nearly 14% increase, ranking sixth among all A-share sectors [2] - The industry is influenced by themes such as robotics, reducers, and hard technology, with a focus on undervalued assets [1][5] Core Insights and Arguments - **Investment Trends**: The mechanical sector's investment opportunities are concentrated in hard technology (e.g., giant wheel intelligence, controllable nuclear fusion) and undervalued assets [1][5] - **Domestic Demand**: The recovery in domestic demand for engineering machinery is moderate, primarily driven by equipment upgrades. Excavator sales slowed in Q2, but large excavators continue to perform well [1][6][7] - **External Demand**: The external demand for engineering machinery is strong, particularly in Asia, Africa, and Latin America, with potential growth in the European and American markets [1][9] - **Industrial Control Sector**: The industrial control sector reversed its downward trend in Q1 2025, showing a 2.35% year-on-year growth, with rapid growth in HVAC and industrial robots [1][10] Important but Overlooked Content - **Overseas Expansion**: China's manufacturing direct investment abroad has grown from $19.108 billion in 2018 to $27.342 billion in 2023, with a CAGR of 7.43%. ASEAN's share in this investment is increasing [4] - **Market Dynamics**: The mechanical industry is closely tied to the performance of the manufacturing, real estate, and infrastructure sectors, which are currently showing signs of weakness [3] - **Future Outlook**: The second half of 2025 is expected to see a focus on hard technology and high-dividend, low-valuation stocks, particularly in the Hong Kong market due to ample supply and global capital inflow [5][52] Recommendations - **Key Companies**: Recommended companies in the mechanical sector include Haitan International, Sany International, and Jerry Holdings, among others, with a focus on hard technology firms like Aobi Zhongguang and Sikang Technology [53] - **Investment Opportunities**: Investors are advised to pay attention to the controllable nuclear fusion sector, which is expected to see significant investment opportunities in the latter half of 2025 [50][51]

Group 1 - The board of directors of Shanghai Xianhui Automation Technology Co., Ltd. held its 33rd meeting on June 20, 2025, with all 7 directors present, ensuring compliance with relevant laws and regulations [1]. - The board unanimously approved the adjustment of the exercise price for the 2023 stock option incentive plan, confirming that the process was legal and did not harm shareholder interests [1][2]. - The board also approved the achievement of the exercise conditions for the first exercise period of the stock option incentive plan, with 6 votes in favor and no opposition [2][3]. Group 2 - The board decided to cancel a portion of the stock options that were granted but not yet approved for exercise, stating that this would not materially affect the company's financial status or operational results [3][5]. - The cancellation of stock options was also confirmed to not impact the stability of the core team or harm the interests of shareholders, particularly minority shareholders [3].

Core Points - The company has announced the achievement of the first exercise conditions for its 2023 stock option incentive plan, allowing for the exercise of 429,089 shares [1][8][15] - The stock options were granted to 621 incentive objects, with a total of 2,812,320 options initially granted, adjusted from 2,900,440 due to resignations and voluntary forfeitures [3][6][15] - The exercise price has been adjusted from 54.00 CNY/share to 38.06 CNY/share, and the total number of options available for exercise has been updated accordingly [4][7][15] Summary by Sections Stock Option Incentive Plan Approval and Implementation - The stock option incentive plan was approved by the board and independent directors, with the necessary procedures followed for its implementation [1][2] - The plan includes a waiting period for stock options, which is set at 12, 24, and 36 months from the grant date [6][8] Adjustments to Stock Options - The number of stock options granted was adjusted due to the departure of 7 individuals and the voluntary forfeiture of options by 36 individuals, resulting in a new total of 621 incentive objects [3][6] - The exercise price was adjusted multiple times, with the final price set at 38.06 CNY/share [4][7] Exercise Conditions and Performance Metrics - The first exercise period's conditions have been met, with 354 individuals eligible to exercise their options, representing 19.82% of the granted options [10][12][15] - The company's 2023 audited revenue reached approximately 2.45 billion CNY, a year-on-year increase of 35.63%, meeting the performance criteria for the exercise [9][10] Cancellation of Stock Options - A total of 1,343,535 stock options will be canceled due to individuals not meeting the exercise conditions, either through resignation or failure to achieve personal performance metrics [12][15][16] - The company will handle the cancellation of options in accordance with the stock option incentive plan regulations [12][15] Legal and Financial Considerations - The company has confirmed that the adjustments and exercise of stock options comply with relevant laws and regulations, and the financial impact of the stock option exercise is not expected to be significant [16][17]

证券代码：688155 证券简称：先惠技术 公告编号：2025-034 上海先惠自动化技术股份有限公司 公司董事会根据公司 2023 年第三次临时股东大会的授权对 2023 年股票期权 激励计划行权价格的调整，审议程序合法、合规，符合《上市公司股权激励管理 办法》等有关法律、法规、规范性文件和《公司 2023 年股票期权激励计划（草案）》 的相关规定，不存在损害股东利益的情况，因此，董事会一致同意公司关于调整 公司 2023 年股票期权激励计划行权价格的事宜。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的《上 海先惠自动化技术股份有限公司关于调整公司 2023 年股票期权激励计划行权价格 的公告》（公告编号：2025-035）。 第三届董事会第三十三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 上海先惠自动化技术股份有限公司（以下简称"公司"）第三届董事会第三十 三次会议于 2025 年 6 月 20 日以现场结合通讯方式召开。本次会议的通知于 ...

上海先惠自动化技术股份有限公司董事会薪酬与考核委员会 关于公司 2023 年股票期权激励计划首次授予 第一个行权期可行权激励对象名单及行权数量的核查意见 上海先惠自动化技术股份有限公司（以下简称"公司"）董事会薪酬与考核 委员会根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《上海证 券交易所科创板股票上市规则》（以下简称"《上市规则》"）、《科创板上市公司自 律监管指南第 4 号——股权激励信息披露》等相关法律、法规及规范性文件和《上 海先惠自动化技术股份有限公司章程》的有关规定，对《公司 2023 年股票期权 激励计划（草案）》（以下简称"《激励计划》"、"本激励计划"） 首次授予第一 个行权期可行权激励对象名单及行权数量进行了核查，现发表核查意见如下： 1、公司符合《管理办法》和《激励计划》规定的实施股权激励计划的条件， 公司具备实施股权激励计划的主体资格，未发生规定中的不得行权的情形。 2、激励对象不存在下列任一情形： （1）最近 12 个月内被证券交易所认定为不适当人选； （2）最近 12 个月内被中国证监 ...

证券代码：688155 证券简称：先惠技术 公告编号：2025-035 上海先惠自动化技术股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 上海先惠自动化技术股份有限公司（以下简称"公司"）于 2025 年 6 月 20 日 第三届董事会第三十三次会议审议通过了《关于调整公司 2023 年股票期权激励计 划行权价格的议案》，现将有关事项说明如下： 一、本次股权激励计划已履行的审批程序 （一）公司于 2023 年 6 月 30 日召开第三届董事会第十五次会议，审议通过 了《关于<公司 2023 年股票期权激励计划（草案）>及其摘要的议案》《关于<公司 2023 年股票期权激励计划实施考核管理办法>的议案》《关于提请股东大会授权董 事会办理公司 2023 年股票期权激励计划相关事宜的议案》以及《关于提请召开公 司 2023 年第三次临时股东大会的议案》。公司独立董事就 2023 年股票期权激励计 划（以下简称"本激励计划"）发表了同意的独立意见。 同日，公司召开第三届监事会第十五次会议，审议通过了《关于<公司 20 ...

证券代码：688155 证券简称：先惠技术 公告编号：2025-036 上海先惠自动化技术股份有限公司 关于公司 2023 年股票期权激励计划首次授予第一个 行权期行权条件成就暨注销部分股票期权的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 上海先惠自动化技术股份有限公司（以下简称"公司"）于 2025 年 6 月 20 日 召开第三届董事会第三十三次会议，审议通过了《关于公司 2023 年股票期权激励 计划首次授予第一个行权期行权条件成就的议案》、《关于注销 2023 年股票期权激 励计划首次部分已授予但尚未获准行权的股票期权的议案》，根据《公司 2023 年 股票期权激励计划（草案）》的相关规定，2023 年股票期权激励计划第一个行权期 的行权条件已经成就，现将相关事项公告如下： 一、股权激励计划批准及实施情况 （一）股权激励计划方案及履行程序 1、公司于 2023 年 6 月 30 日召开第三届董事会第十五次会议，审议通过了《关 于<公司 2023 年股票期权激励计划（草案）>及其摘要的议案》 ...