Core Viewpoint - The draft employee stock ownership plan (ESOP) for Tengjing Technology Co., Ltd. aims to enhance employee engagement and align their interests with the company's long-term goals through stock ownership [1][2]. Group 1: Plan Overview - The ESOP is subject to approval by the company's shareholders' meeting, and its implementation is uncertain until such approval is obtained [2][3]. - The plan is designed to comply with relevant laws and regulations, ensuring voluntary participation and risk-bearing by employees [3][11]. - The initial number of participants in the plan will not exceed 41, including directors (excluding independent directors), senior management, and other core employees [3][12]. Group 2: Stock and Funding Details - The plan intends to hold a maximum of 678,674 shares, representing approximately 0.52% of the company's total share capital of 12,935,000 shares [4][16]. - The total funding for the plan is capped at 23,726,443 yuan, with each unit priced at 1 yuan [6][15]. - The shares will be sourced from the company's repurchased stock, with the purchase price set at 34.96 yuan per share [6][18]. Group 3: Performance Assessment - The performance assessment includes both company-level and individual-level metrics, with specific targets for revenue and net profit growth [22][23]. - For 2025, the revenue growth rate must not be less than 20% compared to 2024, or the net profit growth rate must also meet the same threshold [22][23]. Group 4: Management and Governance - The ESOP will be managed by a management committee elected by the participants, responsible for daily operations and representing the interests of the participants [27][28]. - The plan includes provisions for regular meetings and decision-making processes to ensure transparency and participant involvement [26][27]. Group 5: Lock-up and Duration - The plan has a maximum duration of 24 months, with a lock-up period of 12 months for the acquired shares [20][21]. - If the performance targets are met, the shares will be unlocked and distributed to the participants [23][24].

Group 1 - The report is the fourth sustainability report released by Tengjing Technology Co., Ltd., aiming to provide transparent and comprehensive information on the company's efforts in environmental, social, and governance (ESG) areas [1][2] - The company emphasizes its commitment to "green development and harmonious coexistence" by reducing carbon emissions, optimizing energy efficiency, and promoting green office practices [1][2] - The chairman expresses gratitude to shareholders and partners, highlighting the importance of innovation, social contribution, and governance in the company's growth [1][2] Group 2 - Tengjing Technology has established a three-tier ESG management structure to ensure the integration of sustainable development principles at all levels of the company [1][2] - The company actively engages with stakeholders to understand their expectations and concerns, fostering trust and collaboration for sustainable development [1][2] - The strategic and sustainable development committee is responsible for managing and supervising various ESG-related impacts, risks, and opportunities [1][2] Group 3 - The company has identified key issues through stakeholder surveys, applying a dual materiality principle to assess the importance of various topics [2][4] - Key issues identified include pollution emissions, waste management, and social contributions, which are prioritized based on their significance to stakeholders and financial impact [2][4] - The company is committed to addressing these key issues in its sustainability practices and reporting [2][4] Group 4 - Tengjing Technology was founded in October 2013 and specializes in the research, production, and sales of precision optical components and fiber optic devices [5][6] - The company has achieved significant technological advancements and has been recognized as a national-level "specialized and innovative" enterprise [5][6] - The company aims to expand its product coverage in various fields, including biomedical and consumer optics, while maintaining a focus on technological innovation [5][6] Group 5 - The company has implemented a robust governance structure, ensuring compliance with laws and regulations while protecting shareholder rights [6][7] - The board of directors is responsible for major management decisions and has established various committees to enhance governance and operational efficiency [6][7] - The company emphasizes transparency in information disclosure, having released 88 announcements during the reporting period to keep investors informed [6][7]

Core Viewpoint - The draft employee stock ownership plan (ESOP) for Tengjing Technology Co., Ltd. aims to enhance employee engagement and align their interests with the company's long-term goals through stock ownership, while adhering to legal and regulatory frameworks [1][10][11]. Group 1: Purpose and Principles - The ESOP is designed to establish a profit-sharing mechanism between employees and owners, improve corporate governance, and attract and retain talent [10][11]. - The plan follows principles of legal compliance, voluntary participation, and risk-bearing by participants [11][12]. Group 2: Participants and Funding - Participants include company directors (excluding independent directors), senior management, and other core employees, with an initial cap of 41 participants [12][13]. - The total funding for the ESOP is capped at 23.726 million yuan, with each unit priced at 1 yuan [15][12]. Group 3: Stock Source and Quantity - The stock for the ESOP will be sourced from shares repurchased by the company, with a maximum of 678,674 shares, representing approximately 0.52% of the total share capital [3][16]. - The company has completed share repurchases totaling 382,133 shares at an average price of 27.0612 yuan per share and 296,541 shares at an average price of 36.94 yuan per share [4][16]. Group 4: Lock-up and Duration - The ESOP will have a maximum duration of 24 months, with a lock-up period of 12 months for the acquired shares [20][21]. - The plan may be extended under certain conditions, such as stock suspension or sensitive information periods [20][21]. Group 5: Performance Assessment - The performance assessment includes both company-level and individual-level metrics, with specific growth targets for revenue and net profit [22][23]. - If performance targets are not met, the corresponding shares will not be unlocked, and the company may repurchase them [22][23]. Group 6: Management and Governance - The ESOP will be managed by a management committee elected by the participants, responsible for daily operations and representing the interests of the participants [24][25]. - The management committee will oversee the distribution of benefits and ensure compliance with legal and regulatory requirements [25][28].

Fundraising Overview - The company raised a total of RMB 439.96 million through the issuance of 32.35 million shares at a price of RMB 13.60 per share [1] - As of June 30, 2025, the net amount of raised funds was RMB 392.32 million after deducting issuance costs [1] Fund Utilization and Balance - By June 30, 2025, the company had utilized RMB 25.90 million directly for fundraising projects, leaving a balance of RMB 282.57 million [1] - The company earned a total of RMB 9.49 million from financial products, with RMB 95,157.53 as the current period's income [1] Fund Management - The company established a dedicated account for managing the raised funds, ensuring strict compliance with regulations and investor protection [1] - As of June 30, 2025, the total balance in the dedicated accounts was RMB 8.09 million [1] Cash Management - The company approved the use of up to RMB 40.10 million of idle funds for cash management, investing in safe and liquid financial products [2][3] - A separate approval allowed the use of up to RMB 17 million for similar cash management purposes [2][3] Use of Excess Funds - The company did not use excess funds for permanent working capital or to repay bank loans during the reporting period [2][3] - All remaining excess funds and their derived interests, totaling RMB 15.95 million, were allocated to the construction of the second phase of the R&D center [2][3] Project Status - There were no changes in the use of fundraising projects during the reporting period, and no prior investments were replaced [2][3] - The company reported that all projects were on track with no significant changes in feasibility [3]

Core Viewpoint - The company, Tengjing Technology Co., Ltd., is holding a half-year performance briefing on September 25, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in interactive communication [1][2]. Group 1: Meeting Details - The meeting is scheduled for September 25, 2025, from 09:00 to 10:00 AM [1][2]. - It will take place at the Shanghai Stock Exchange Roadshow Center, accessible online [1][2]. - The format of the meeting will be an online interactive session [1][2]. Group 2: Participation Information - Investors can submit questions from September 1, 2025, to September 24, 2025, before 16:00, through the Roadshow Center website or via the company's email [2][3]. - The company will address commonly asked questions during the briefing [2][3]. - Contact information for inquiries includes the Securities Department, with a phone number and email provided [3]. Group 3: Attendees - The meeting will feature key personnel including the Chairman and General Manager, Mr. Yu Hongrui, the Vice General Manager and Financial Officer, Ms. Liu Yi, and the Independent Director, Ms. Luo Miaocheng [2].

Core Viewpoint - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan for 2025, focusing on innovation and core business development to enhance competitiveness and shareholder returns [1]. Group 1: Business Development and Innovation - The company achieved an 11.68% year-on-year growth in profitability during the first half of 2025, emphasizing innovation to upgrade its core business [1]. - The company is actively expanding its presence in the high-end optical communication component market, driven by the growing demand for AI computing and high-speed optical interconnects [2]. - The company has made significant advancements in various fields, including semiconductor equipment, biomedical, and consumer optics, with notable breakthroughs in AR smart glasses and optical modules [2][3]. Group 2: Technology and Production - The company has enhanced its core technology platforms, focusing on precision optical technologies and addressing key technical challenges in product performance [3]. - The company has achieved batch production of advanced optical components for semiconductor equipment and high-speed optical communication [4]. - Automation and process optimization have led to increased production efficiency and reduced costs, ensuring stable production quality [4]. Group 3: Management and Governance - The company has improved operational efficiency and reduced financial risks, with a higher accounts receivable turnover rate compared to the previous year [6]. - The company has established a dedicated mechanism for independent directors to enhance governance and protect minority shareholders' interests [7]. - The company has conducted various training sessions to improve the skills and compliance knowledge of its board members and management [7]. Group 4: Investor Relations and Returns - The company has actively engaged with investors through various channels, including performance briefings and institutional research meetings, to enhance transparency and trust [9]. - The company distributed a total cash dividend of 12.90 million yuan (including tax) for the 2024 interim period, representing 31.58% of the net profit attributable to shareholders [10]. - The company has initiated a share buyback program, repurchasing 296,541 shares, which is 0.2293% of the total share capital, to align the interests of shareholders and employees [10].

Core Points - The article outlines the employee stock ownership plan (ESOP) of Tengjing Technology Co., Ltd, emphasizing compliance with relevant laws and regulations [2][3][10] - The plan is designed to enhance employee motivation and align their interests with the company's long-term goals [10][12] Summary by Sections General Principles - The ESOP adheres to principles of legality, voluntary participation, and risk-bearing by participants [2][3] - The plan prohibits insider trading and market manipulation [2] Plan Development - The board and its compensation committee are responsible for drafting the ESOP, which must be approved by the shareholders [3][4] - Legal opinions must be obtained to ensure compliance before the plan is presented to shareholders [3][4] Funding and Stock Sources - The total funding for the ESOP is capped at 23.726 million yuan, with each share priced at 1 yuan [5][6] - The stock will be sourced from shares repurchased by the company, with specific details on the repurchase process provided [6][7] Stock Purchase Price - The purchase price for the stock is set at 34.96 yuan per share, based on various trading averages [9][10] - The pricing strategy aims to attract and retain talent while ensuring fairness to existing shareholders [10] Duration and Lock-up Period - The ESOP has a defined duration and lock-up period, with conditions for early termination [11][12] - Performance assessments will determine the unlocking of shares after the lock-up period [12][13] Management Structure - The ESOP will be managed by a committee elected by the participants, ensuring transparency and accountability [14][16] - The committee is responsible for overseeing the plan's execution and representing participants' interests [16] Rights and Obligations of Participants - Participants have specific rights and obligations, including restrictions on transferring their shares without committee approval [18][22] - The plan ensures that participants' interests are protected and aligned with the company's performance [18][20] Asset Composition and Distribution - The ESOP's assets include company stocks, cash deposits, and other investments, which are separate from the company's assets [19][20] - Distribution of assets will occur after the lock-up period, based on participants' holdings [20][24] Changes and Termination - Any changes to the ESOP require a two-thirds majority approval from participants [21] - The plan can be terminated under specific conditions, including the completion of stock transfers to participants [21][24]

智通财经APP讯，腾景科技(688195.SH)披露2025年半年度报告，报告期公司实现营收2.63亿元，同比增 长24.29%;归母净利润3659万元，同比增长11.47%;扣非净利润3462万元，同比增长11.68%;基本每股收 益0.28元。 ...

Core Insights - Tengjing Technology reported a revenue of 263 million yuan for the first half of 2025, representing a year-on-year growth of 24.29% [1] - The net profit attributable to shareholders was 36.59 million yuan, an increase of 11.47% year-on-year [1] - The basic earnings per share stood at 0.28 yuan [2] Financial Performance - The gross profit margin for the first half of 2025 was 37.50%, up by 0.60 percentage points year-on-year [2] - The net profit margin was 14.45%, down by 0.66 percentage points compared to the same period last year [2] - In Q2 2025, the gross profit margin was 39.70%, a decrease of 1.03 percentage points year-on-year but an increase of 5.12 percentage points quarter-on-quarter [2] - The net profit margin for Q2 2025 was 16.11%, down by 2.29 percentage points year-on-year but up by 3.86 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for the first half of 2025 were 58.96 million yuan, an increase of 14.79 million yuan year-on-year [2] - The expense ratio was 22.43%, up by 1.55 percentage points compared to the same period last year [2] - Sales expenses increased by 18.21%, management expenses rose by 24.23%, R&D expenses grew by 30.71%, and financial expenses surged by 449.66% [2] Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 10,700, a decrease of 514 from the previous quarter, representing a decline of 4.58% [2] - The average market value per shareholder increased from 453,500 yuan at the end of the first quarter to 543,500 yuan, a growth of 19.85% [2] Company Overview - Tengjing Technology is located in Fuzhou, Fujian Province, and was established on October 12, 2013, with its listing date on March 26, 2021 [3] - The company specializes in the research, production, and sales of various precision optical components and fiber optic devices [3] - The revenue composition includes precision optical components (79.78%), fiber optic devices (17.09%), optical testing instruments (2.94%), and others (0.19%) [3] - The company belongs to the electronic-optical industry, specifically optical components, and is associated with concepts such as optical technology, Huawei, fiber optics, autonomous driving, and specialized innovation [3]

Core Viewpoint - Tengjing Technology reported a strong performance in the first half of 2025, driven by the demand for AI computing power and growth in the optical communication components market, with total revenue reaching 263 million yuan, a year-on-year increase of 24.29% [3][4] Financial Performance - The company achieved a net profit attributable to shareholders of 36.59 million yuan, up 11.47% year-on-year [3] - The net profit excluding non-recurring gains and losses was 34.62 million yuan, reflecting an increase of 11.68% compared to the previous year [3] Business Growth Drivers - The growth in revenue was primarily due to the expansion in the optical communication sector and high growth in high-end optical modules for emerging applications like semiconductor equipment [3][4] - The company increased its R&D investment by 30.71% year-on-year, totaling 29.11 million yuan, which accounted for 11.07% of total revenue [4] Strategic Initiatives - The company is focusing on technological research and development in optical and optoelectronic industries, enhancing its core technology capabilities and product offerings [4][5] - Efforts include expanding production capacity for crystal materials in the optical communication field and advancing AR smart glasses technology [5] Market Engagement - The company actively participated in several international industry exhibitions to enhance brand visibility and customer engagement, including events in the US and Germany [4][5] Capacity Expansion - The company is progressing with the construction of a production base in Thailand to improve overseas order fulfillment capabilities in optical communication and biomedical sectors [5][6]