Summary of the Conference Call for Zhuoyi Information Company Overview - Zhuoyi Information is focused on developing integrated development environment (IDE) products, particularly in the context of the rapidly evolving Hongmeng ecosystem by Huawei [2][5]. Key Products and Developments - Two new products launched: AI + IDE for small to medium software development and IDE + AI for large software development, with the former in public testing and the latter expected to begin mass promotion in June [2][3]. - The IDE products are designed to enhance compatibility with the Hongmeng ecosystem, with plans to support additional programming languages such as Java, Hongmeng, and Python by the second half of 2025 [2][7]. Market Potential - The global IDE market is estimated to be between 90 billion to 100 billion RMB, with significant growth potential in China, where there are approximately 8 to 10 million engineers [4][10]. - Zhuoyi Information aims to capture market share through stock incentive plans amidst the competitive landscape [4][11]. Competitive Advantages - Zhuoyi Information's IDE products reportedly have a compilation and debugging efficiency that is 3 to 5 times higher than mainstream products in cloud-native environments [2][5]. - The subscription-based pricing model is positioned to be competitive, especially for specific use cases where performance exceeds 2000 RMB [5][10]. User Base and Revenue - The company currently has around 18,000 paying users for its existing products, with new products expected to start charging after June 30 [4][12]. - The revenue from the Chinese market reached 500 million RMB in 2024, indicating strong market presence [10]. AI Integration - AI is viewed as a supplementary tool rather than a complete replacement for IDEs, primarily handling repetitive tasks while creative development still requires human engineers [2][8]. - The low-code platform combines graphical code generation with AI assistance, enhancing development efficiency but still necessitating developer involvement [9][8]. Future Outlook - The company is optimistic about the future of its products and the overall IDE market, especially in light of the ongoing developments in the Hongmeng ecosystem and the increasing demand for software development tools [5][10].

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Viewpoints - The company has launched a stock incentive plan aimed at its core personnel, reflecting confidence in the development of its IDE business, with a target of granting 4 million restricted stocks, accounting for approximately 3.30% of the total share capital [1][2]. - The performance assessment targets for the IDE business are ambitious, with revenue goals set at no less than 145 million, 280 million, and 500 million yuan for 2025, 2026, and 2027 respectively, alongside profit targets and user growth metrics [2]. - The company is positioned as a rare domestic IDE tool provider, with a dual focus on "AI + IDE" that opens up long-term growth potential, including strategic partnerships with leading platforms like DCloud [3]. Summary by Sections Stock Incentive Plan - The stock incentive plan targets 40 core employees responsible for the IDE business, indicating a strong focus on performance and growth in this area [1][2]. Performance Targets - The IDE business has set high revenue and profit targets for 2025-2027, with cumulative paid user targets also outlined, showcasing the company's growth confidence [2]. Market Position and Strategy - The company is leveraging its proprietary IDE, SnapDevelop, and exploring AI-driven software development through EazyDevelop, enhancing its competitive edge in the market [3]. - Collaborations with major platforms like DCloud are expected to accelerate the promotion of IDE products and expand market reach [4]. Financial Forecast - Projected net profits for 2025-2027 are estimated at 95 million, 163 million, and 276 million yuan, with corresponding PE ratios of 59X, 34X, and 20X [4][5].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company demonstrates confidence through high-standard incentive assessments and has significant growth potential in the AI + IDE sector [4][6] - The company maintains its profit forecast, expecting net profits of 88 million, 114 million, and 144 million yuan for 2025-2027, with corresponding EPS of 0.73, 0.94, and 1.19 yuan [4][8] - The current stock price corresponds to a PE ratio of 66.1, 51.2, and 40.5 for the years 2025, 2026, and 2027 respectively [4][8] Financial Summary - Revenue is projected to grow from 418 million yuan in 2025 to 700 million yuan in 2027, reflecting a year-on-year growth of 29.4% and 25.0% respectively [8][10] - The company's gross margin is expected to stabilize around 50% by 2027, with net profit margins projected at 21.1% for 2025 and 20.6% for 2027 [8][11] - The return on equity (ROE) is anticipated to increase from 10.0% in 2025 to 13.1% in 2027 [8][10] Incentive Plan - The company has proposed a stock incentive plan to grant 4 million restricted shares, representing 3.30% of the total share capital, with a grant price of 25.00 yuan per share [5][6] - The incentive plan targets 40 individuals, including key technical personnel and core IDE business staff, which constitutes 8% of the total workforce [5][6] Market Potential - The AI + IDE market presents vast potential, with the company launching new low-code IDE products and receiving recognition from international IDE firms [7] - The broad scope of the stock incentive plan is expected to enhance the cohesion of core talent in the IDE business, solidifying long-term growth momentum [7]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company demonstrates confidence through high-standard incentive assessments and has significant growth potential in the AI + IDE sector [1][6] - The company maintains its profit forecast, expecting net profits of 88 million, 114 million, and 144 million yuan for 2025-2027, with corresponding EPS of 0.73, 0.94, and 1.19 yuan [4][8] Financial Summary - The total market capitalization is 5.841 billion yuan, with a current stock price of 48.22 yuan [1] - The company’s revenue is projected to grow from 418 million yuan in 2025 to 700 million yuan in 2027, reflecting a year-on-year growth of 29.4% and 25.0% respectively [8][10] - The gross profit margin is expected to stabilize around 50% by 2027, with net profit margins projected at 21.1% [8][11] Incentive Plan - The company has proposed a stock incentive plan to grant 4 million restricted shares, representing 3.30% of the total share capital, with a grant price of 25.00 yuan per share [5] - The incentive plan targets 40 individuals, including core technical personnel, which constitutes 8% of the total workforce [5] Growth Targets - The company has set ambitious performance targets for its IDE business, aiming for revenues of no less than 1.45 billion, 2.8 billion, and 5 billion yuan from 2025 to 2027 [6] - The company also aims to increase the number of paid users in its IDE business to 25,000 by 2027 [6] Market Potential - The AI + IDE market presents vast potential, with the company’s new low-code IDE product SnapDevelop and AI + IDE platform EazyDevelop receiving recognition from JetBrains [7] - The broad scope of the stock incentive plan is expected to enhance the cohesion of core talent in the IDE business, solidifying long-term growth momentum [7]

江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划首次授予激励对象名单 注：1、上表中部分合计数与各明细数相加之和在尾数上如有差异，系以上百分比结果 四舍五入所致。 2、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累 计未超过公司股本总额的 1%。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%。预留权益比例未超过本激励计划拟授予权益数量的 20%。 激励对象因个人原因自愿放弃获授权益的，由董事会对授予数量作相应调整，将激励对象放 弃的权益份额直接调减或调整到预留部分或在激励对象之间进行分配。 3、本激励计划首次授予的激励对象不包括董事、高级管理人员、独立董事、监事、单 独或合计持有公司 5%以上股份的股东或实际控制人及其配偶、父母、子女。 江苏卓易信息科技股份有限公司 董 事 会 2025 年 5 月 9 日 姓名 职务 获授的第二类 限制性股票数 量（万股） 占本激励计划 拟授出全部权 益数量的比例 占本激励计划 草案公布日股 本总额的比例 詹奇 核心技术人员 45.00 11.25% 0.37% 骨干人员（39 人） 325.00 ...

江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划（草案） 证券简称：卓易信息 证券代码：688258 江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划（草案） 二〇二五年五月 江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划（草案） 声明 本公司及全体董事、监事保证本激励计划及其摘要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。 1 江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划（草案） 特别提示 一、《江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划（草案）》 由江苏卓易信息科技股份有限公司（以下简称"卓易信息""公司"或"本公司"） 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》和其他有关法律、行政法规、规范性文件， 以及《公司章程》等有关规定制订。 二、卓易信息 2025 年限制性股票激励计划（以下简称"本激励计划"）采 取的激励形式为第二类限制性股票。股票 ...

证券代码：688258 证券简称：卓易信息 公告编号：2025-016 江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划（草案）摘要公告 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： 股权激励方式：第二类限制性股票。 股份来源：江苏卓易信息科技股份有限公司（以下简称"卓易信息""公 司"或"本公司"）从二级市场回购的本公司人民币 A 股普通股股票。 股权激励的权益总数及涉及的标的股票总数：卓易信息 2025 年限制性股 票激励计划（以下简称"本激励计划"）拟授予激励对象的限制性股票数量为 400.00 万股，约占本激励计划草案公布日公司股本总额 12,114.2237 万股的 3.30%。 其中，首次授予限制性股票 370.00 万股，约占本激励计划草案公布日公司股本 总额 12,114.2237 万股的 3.05%，占本激励计划拟授予限制性股票总数的 92.50%； 预留 30.00 万股，约占本激励计划草案公布日公司股本总额 12,114.2237 万股的 0.25%，占本激励计划拟授予限 ...

德恒上海律师事务所 关于江㤅卓易信息〇技㛗份有䲆公司 2025 年䲆制性㛗⾞激励䇗划（㥿案） Ⲻ法律意㿷 上海市东大名䐟 501 号上海白玉兰广场办公楼 23 层䛞编：200080 Floor23,SinarMasPlaza,No.501,EastDaMingRoad,Shanghai200080,P.R.China 电䈍（Tel）：862155989888/55989666 传真（Fax）：862155989898 | 目录 | | --- | | 䟺 义 1 | | --- | | 一、公司实施本激励䇑划的主体䍴格 4 | | 二、本激励䇑划的内容 6 | | 三、本激励䇑划履行的程序 11 | | 四、本股权激励对䊑的确定 12 | | 五、本激励䇑划的信息披䵢义务 14 | | 六、公司未为激励对䊑提供䍒务䍴助 15 | | 七、本激励䇑划对公司及全体股东利益的影响 15 | | 八、关联董事回䚯表决 16 | | 九、结䇪性意见 16 | 德恒上海律师事务所 关于江苏卓易信息科技股份有䲀公司 2025 年䲀制性股票激励䇑划（草案）的法律意见 䟺 义 在本法律意见中，䲔䶎文义另有所指，下列䇽䈝具有下属 ...

江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划实施考核管理办法 江苏卓易信息科技股份有限公司 2025 年限制性股票激励计划 实施考核管理办法 江苏卓易信息科技股份有限公司（以下简称"公司"或"卓易信息"）为进 一步完善公司法人治理结构，建立、健全公司长效激励约束机制，吸引和留住核 心管理、技术和业务人才，充分调动其积极性和创造性，有效提升核心团队凝聚 力和企业核心竞争力，有效地将股东、公司和核心团队三方利益结合在一起，使 各方共同关注公司的长远发展，确保公司发展战略和经营目标的实现，在充分保 障股东利益的前提下，按照激励与约束对等的原则，制定了《卓易信息 2025 年 限制性股票激励计划（草案）》。 为保证公司 2025 年限制性股票激励计划（以下简称"本激励计划"）的顺 利推进及有序实施，现根据《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》等有关法律、行政法规、 规范性文件和《公司章程》的有关规定，并结合公司实际情况，特制定本办法。 第一条 考核目的 制定本办法的 ...

证券代码：688258 证券简称：卓易信息 公告编号：2025-017 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 江苏卓易信息科技股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第一次临时股东大会 召开日期时间：2025 年 5 月 27 日 14 点 30 分 召开地点：江苏省宜兴市兴业路 298 号卓易信息 19 楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 5 月 27 日 至2025 年 5 月 27 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2025年5月27日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 ...