Quantitative Factors and Construction Methods 1. Factor Name: Large Order Transaction Amount Ratio - **Factor Construction Idea**: This factor captures the buying behavior of large funds by analyzing the proportion of large order transaction amounts relative to the total daily transaction amount[7] - **Factor Construction Process**: 1. Use tick-by-tick transaction data to identify buy and sell orders based on bid and ask sequence numbers 2. Filter transactions by order size to identify large orders 3. Calculate the proportion of large buy order transaction amounts to the total daily transaction amount Formula: $ \text{Large Order Transaction Amount Ratio} = \frac{\text{Large Buy Order Transaction Amount}}{\text{Total Daily Transaction Amount}} $ - **Factor Evaluation**: This factor effectively reflects the buying behavior of large funds[7] 2. Factor Name: Net Active Buy Amount Ratio - **Factor Construction Idea**: This factor measures the active buying behavior of investors by calculating the net active buy amount as a proportion of the total daily transaction amount[7] - **Factor Construction Process**: 1. Use tick-by-tick transaction data to classify each transaction as either active buy or active sell based on trade direction 2. Subtract the active sell transaction amount from the active buy transaction amount to obtain the net active buy amount 3. Calculate the proportion of the net active buy amount to the total daily transaction amount Formula: $ \text{Net Active Buy Amount Ratio} = \frac{\text{Active Buy Amount} - \text{Active Sell Amount}}{\text{Total Daily Transaction Amount}} $ - **Factor Evaluation**: This factor provides insights into the active buying behavior of investors[7] --- Factor Backtesting Results 1. Large Order Transaction Amount Ratio - **Top 5 Stocks by 5-Day Average**: 1. 惠博普 (92.6%, 99.6% percentile)[9] 2. 美年健康 (89.6%, 99.2% percentile)[9] 3. 志特新材 (89.2%, 99.2% percentile)[9] 4. 津滨发展 (88.4%, 99.6% percentile)[9] 5. 江南高纤 (87.7%, 98.8% percentile)[9] 2. Net Active Buy Amount Ratio - **Top 5 Stocks by 5-Day Average**: 1. 杭萧钢构 (16.7%, 99.8% percentile)[10] 2. 纬德信息 (15.4%, 100.0% percentile)[10] 3. 中科微至 (15.0%, 99.6% percentile)[10] 4. 新风光 (13.8%, 100.0% percentile)[10] 5. 联合水务 (13.3%, 97.5% percentile)[10] 3. Broad-Based Indices - **Large Order Transaction Amount Ratio (5-Day Average)**: - 上证指数: 73.8% (12.8% percentile)[12] - 上证50: 70.6% (64.2% percentile)[12] - 沪深300: 73.1% (64.2% percentile)[12] - 中证500: 73.0% (6.6% percentile)[12] - 创业板指: 71.6% (90.1% percentile)[12] - **Net Active Buy Amount Ratio (5-Day Average)**: - 上证指数: -5.8% (86.8% percentile)[12] - 上证50: -12.9% (90.5% percentile)[12] - 沪深300: -8.8% (89.3% percentile)[12] - 中证500: -3.4% (86.0% percentile)[12] - 创业板指: -4.4% (84.8% percentile)[12] 4. Industry-Level Results - **Top 5 Industries by Large Order Transaction Amount Ratio (5-Day Average)**: 1. 房地产: 79.8% (90.1% percentile)[13] 2. 煤炭: 78.5% (66.3% percentile)[13] 3. 钢铁: 78.2% (42.8% percentile)[13] 4. 建筑: 77.9% (24.3% percentile)[13] 5. 综合: 77.8% (50.6% percentile)[13] - **Top 5 Industries by Net Active Buy Amount Ratio (5-Day Average)**: 1. 房地产: -9.5% (95.1% percentile)[13] 2. 电子: 2.2% (78.6% percentile)[13] 3. 汽车: 0.9% (60.9% percentile)[13] 4. 家电: 0.1% (84.4% percentile)[13] 5. 通信: -4.7% (89.7% percentile)[13] 5. ETFs - **Top 5 ETFs by Large Order Transaction Amount Ratio (5-Day Average)**: 1. 华泰柏瑞中证A500ETF (92.9%, 96.3% percentile)[15] 2. 易方达中证A500ETF (91.6%, 100.0% percentile)[15] 3. 国泰中证A500ETF (91.5%, 15.6% percentile)[15] 4. 华泰柏瑞沪深300ETF (91.0%, 99.2% percentile)[15] 5. 易方达沪深300ETF (91.0%, 99.6% percentile)[15] - **Top 5 ETFs by Net Active Buy Amount Ratio (5-Day Average)**: 1. 东财上证科创板50成份ETF (23.4%, 100.0% percentile)[16] 2. 海富通上证城投债ETF (20.9%, 88.5% percentile)[16] 3. 国泰上证10年期国债ETF (15.6%, 61.3% percentile)[16] 4. 富国创业板人工智能ETF (14.3%, 65.9% percentile)[16] 5. 嘉实中证稀土产业ETF (14.1%, 92.6% percentile)[16]

Core Viewpoint - During the "14th Five-Year Plan" period, Anhui's logistics system has seen significant upgrades, with a focus on technological innovation and smart logistics as it enters the "15th Five-Year Plan" phase in 2026 [1]. Group 1: Logistics System Upgrades - Anhui is leveraging technological innovation and application scenarios to create a new smart logistics landscape [1]. - A courier company in Hefei has initiated 24-hour operations in its smart warehouse to meet the peak demand for New Year goods [1]. - The production line of a logistics equipment manufacturer in Nanling County has maintained continuous operation, producing over 2,000 electric rollers daily, with a backlog of tens of thousands of orders [4]. Group 2: Market Position and Growth - The smart sorting equipment produced in Nanling has captured one-third of the national market share, driven by technological innovation and digital management [4]. - The company aims for overseas revenue to exceed 50% in the new year, transitioning from "product export" to "brand export" [7]. - The logistics equipment industry in Nanling has attracted over 187 companies, establishing a strong presence in the domestic and international markets [18]. Group 3: Industry Development Strategies - The local government has implemented a "3,000-acre industrial development plan" to enhance the smart logistics equipment sector [16]. - The focus is on building a supply chain ecosystem around six major systems: collection and sorting, transportation, unloading and handling, storage and transportation, packaging, and information processing [16]. - The province is accelerating the implementation of "artificial intelligence+" initiatives in smart logistics [21]. Group 4: Technological Innovations - A collaborative project between Hefei's postal center and universities has developed a sorting system that improves efficiency by 46% compared to traditional methods [23]. - The integration of digital twin technology is being utilized for visual management across logistics operations [25]. - The development of intelligent robots capable of flexible adaptation in various environments is underway, with plans for large-scale deployment in logistics [29].

Core Insights - During the "14th Five-Year Plan" period, Anhui's logistics system has seen significant upgrades, with a focus on technological innovation and smart logistics by 2026, the start of the "15th Five-Year Plan" [1] Group 1: Logistics System Upgrades - Anhui is leveraging technology and application scenarios to create a new smart logistics landscape [1] - A courier company in Hefei has initiated 24-hour operations to handle the peak demand for New Year goods, utilizing an AI-driven sorting system [3] - The production line of a factory has maintained continuous operation, with daily output of over 2,000 electric rollers, which are essential components of smart logistics systems [5] Group 2: Market Position and Innovation - A smart logistics equipment company based in Jiangsu has captured one-third of the national market share for intelligent sorting equipment since its establishment in 2017 [7] - The company aims for overseas revenue to exceed 50% in the new year, focusing on AI, digital twins, and advanced sensors to enhance its global presence [9] - The intelligent logistics equipment industry in Nanling has attracted numerous leading enterprises, establishing a comprehensive supply chain ecosystem [15] Group 3: Technological Advancements - The logistics equipment industry in Nanling has gathered 187 companies, with strong market shares in intelligent sorting, warehousing, and green packaging [17] - A research team in Hefei is developing a sorting system that integrates 3D visual recognition and intelligent scheduling algorithms, improving sorting efficiency by 46% [21] - The city is advancing the construction of a postal technology innovation center, aiming to establish a comprehensive smart logistics system centered around unmanned technology [25]

公司全部在有效期内的股权激励计划所涉及的标的股票总数累计未超过公司股本总额的20%。任何一名 激励对象通过全部在有效期内的股权激励计划获授的本公司股票，累计未超过公司股本总额的1%。 格隆汇1月12日丨中科微至(688211.SH)公布2026年限制性股票激励计划，本激励计划拟向激励对象授予 的限制性股票总量为202.70万股，约占本激励计划草案公告日公司股本总额的1.54%。其中，首次授予 162.70万股，占本激励计划草案公告时公司股本总额的1.24%，占本次授予权益总额的80.27%；预留 40.00万股，占本激励计划草案公告时公司股本总额的0.30%，预留部分占本次授予权益总额的19.73%。 ...

格隆汇1月12日丨中科微至(688211.SH)公布2026年限制性股票激励计划，本激励计划拟向激励对象授予 的限制性股票总量为202.70万股，约占本激励计划草案公告日公司股本总额的1.54%。其中，首次授予 162.70万股，占本激励计划草案公告时公司股本总额的1.24%，占本次授予权益总额的80.27%；预留 40.00万股，占本激励计划草案公告时公司股本总额的0.30%，预留部分占本次授予权益总额的19.73%。 公司全部在有效期内的股权激励计划所涉及的标的股票总数累计未超过公司股本总额的20%。任何一名 激励对象通过全部在有效期内的股权激励计划获授的本公司股票，累计未超过公司股本总额的1%。 ...

中科微至科技股份有限公司 2026 年限制性股票激励计划激励对象名单 一、 限制性股票激励计划的分配情况 1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公 司股票均未超过公司总股本的 1%，公司全部有效期内的激励计划所涉及的标的 股票总数累计不超过股权激励计划提交股东会审议时公司股本总额的 20%。 2、本激励计划激励对象不包括独立董事、单独或合计持有上市公司 5%以上 股份的股东、上市公司实际控制人及其配偶、父母、子女。 3、预留部分的激励对象由本激励计划经股东会审议通过后 12 个月内确定， 经董事会提出、薪酬与考核委员会发表明确意见、律师发表专业意见并出具法律 意见书后，公司在指定网站按要求及时准确披露相关信息。 4、以上合计数据与各明细数相加之和在尾数上如有差异是由于四舍五入所 造成。 中科微至科技股份有限公司董事会 2026 年 1 月 13 日 中科微至科技股份有限公司（以下简称"公司"）2026 年限制性股票激励计 划授予的限制性股票在各激励对象间的分配情况如下表所示： | | | | | 获授的权益 | 占授予权益 | 占本激励计划公 | | --- | --- | --- ...

2026 年限制性股票激励计划（草案）摘要公告 证券代码：688211 证券简称：中科微至 公告编号：2026-001 中科微至科技股份有限公司 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。 四、激励对象的范围及各自所获授的权益数量 重要内容提示： 股权激励方式 □第一类限制性股票 √第二类限制性股票 □股票期权 □其他 股份来源 √发行股份 √回购股份 □其他 本次股权激励计划有效期 本激励计划授予的限制性股票有效期 为自限制性股票首次授予之日起至激 励对象获授的限制性股票全部归属或 作废失效之日止，最长不超过84个月。 本次股权激励计划拟授予的权益数量 202.70万股（份） 本次股权激励计划拟授予的权益数量 占公司总股本比例 1.54% 本次股权激励计划是否有预留 √是，预留数量40.00万股（份）； 占本股权激励拟授予权益比例19.73% □否 本次股权激励计划拟首次授予的权益 数量 162.70万股（份） 激励对象数量 120人 激励对象数量占员工总数比例 7.42% 激励对象范围 √董事 √高级管理人员 √核 ...

中科微至科技股份有限公司 2026 年限制性股票激励计划 2026 年 1 月 声明 本公司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。 证券简称：中科微至 证券代码：688211 本公司所有激励对象承诺，公司因信息披露文件中有虚假记载、误导性陈 述或者重大遗漏，导致不符合授予权益或权益归属安排的，激励对象应当自相 关信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本激 励计划所获得的全部利益返还公司。 特别提示 （草案） 中科微至科技股份有限公司 一、本激励计划系依据《中华人民共和国公司法》、《中华人民共和国证券 法》、《上市公司股权激励管理办法》、《上海证券交易所科创板股票上市规则》、 《科创板上市公司自律监管指南第 4 号——股权激励信息披露》等其他有关法 律、法规、规范性文件，以及《中科微至科技股份有限公司章程》制订。 二、本激励计划采取的激励工具为第二类限制性股票。股票来源为中科微 至科技股份有限公司（以下简称"公司"或"本公司"）从二级市场回购的公司 A 股普通股股票及/或向激励对象定向发行的公司 A 股普 ...

北京植德律师事务所 关于 中科微至科技股份有限公司 2026 年限制性股票激励计划的 法律意见书 植德(证)字[2026]0003-1 号 二〇二六年一月 北京植德律师事务所 Merits & Tree Law Offices 北京市东城区东直门南大街 1 号来福士中心办公楼 12 层 邮编： 100007 12th Floor, Raffles City Beijing Office Tower, No.1 Dongzhimen South Street, Dongcheng District, Beijing 100007 P.R.C 电话(Tel):010-56500900 传真(Fax):010-56500999 www.meritsandtree.com 整 义 本法律意见书中,除非文义另有所指,下列词语或简称具有如下含义: | 中科微至、本公司、 | 指 | 中科微至科技股份有限公司 | | --- | --- | --- | | 公司、上市公司 | | | | 本次股权激励、本激 | 指 | 中科微至科技股份有限公司 2026年限制性股票激励计划 | | 励计划、本计划 | | | | 《激励计 ...

中科微至科技股份有限公司 章程 中科微至科技股份有限公司 章 程 2026 年 1 月 | | | | | | 中科微至科技股份有限公司 章程 中科微至科技股份有限公司 章 程 第一章 总 则 第一条 为维护中科微至科技股份有限公司（以下简称"公司"）、股东、职 工和债权人的合法权益，规范公司的组织和行为，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》（以下简称"《证 券法》"）和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他相关法律法规的规定成立的股份有限 公司。 公司系由原中科微至智能制造科技江苏有限公司整体变更而来。公司在无 锡 市 数 据 局 注 册 登 记 ， 取 得 营 业 执 照 ， 公 司 的 统 一 社 会 信 用 代 码 为 91320214MA1MLB3M2A。 第三条 公司于 2021 年 5 月 25 日经上海证券交易所审核通过，并于 2021 年 7 月 20 日经中国证券监督管理委员会（以下简称"中国证监会"）作出同意注 册决定，首次向社会公众发行人民币普通股 3,300 万股，于 2021 年 10 月 26 日 在上海证券交 ...