Core Viewpoint - Equity incentives are becoming a norm in the domestic capital market, serving as an important mechanism for listed companies to improve internal governance [1] Group 1: Overview of Equity Incentives in Sichuan - As of September 17, there are 179 A-share listed companies in Sichuan, with 9 companies implementing equity incentives this year, involving over 1,250 individuals [1] - All 9 companies that have implemented equity incentives are private enterprises, indicating that private companies are the main force behind the promotion of equity incentives in Sichuan [1] - The companies implementing equity incentives span multiple industries, with the defense and military industry being the most concentrated, having 4 companies, followed by the pharmaceutical and biotechnology industry with 2 companies, and the computer, construction decoration, and basic chemical industries with 1 company each [1] Group 2: Specific Companies and Their Incentive Plans - Chengdu XianDao set the grant date for its restricted stock incentive plan as September 15, 2025, granting 1,052,200 shares at a price of 13.99 yuan per share to 102 eligible recipients [1] - Kangtong Medical confirmed the grant date for its restricted stock incentive plan as July 22, 2025, granting 1,230,000 shares at a price of 10.01 yuan per share to 80 eligible recipients [2] - Huatu Shanding determined the initial and reserved grant dates for restricted stocks as July 15, granting a total of 3,049,480 shares at a price of 32.76 yuan per share to 338 individuals [3] - Jiachitech granted 1,187,000 shares of the second category of restricted stocks to 62 eligible recipients on June 3, at a price of 27.86 yuan per share [4] - Junyi Digital set June 20 as the grant date, granting a total of 7,000,000 stock options to 45 eligible recipients at an exercise price of 19.07 yuan per share [5] - Aileda granted 2,814,000 shares of the second category of restricted stocks to 220 eligible recipients on May 16, at a price of 9.25 yuan per share [8] - Zongheng Co. granted 1,735,000 shares of the second category of restricted stocks to 95 eligible recipients on April 17, at a price of 21.68 yuan per share [9] - Qiaoyuan Co. granted 739,700 shares of restricted stocks to 229 eligible recipients on February 27, with a price of 17.64 yuan per share [10]

| 证券代码：688311 | 证券简称：盟升电子 | 公告编号：2025-067 | | --- | --- | --- | | 转债代码：118045 | 转债简称：盟升转债 | | 成都盟升电子技术股份有限公司 关于公司董事会完成换届选举暨聘任高级管理人员 及证券事务代表的公告 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。 成都盟升电子技术股份有限公司（以下简称"公司"）于 2025 年 9 月 11 日召开 2025 年第二次临时股东大会，选举产生了公司第五届董事会成员。公司 于当日股东大会结束后召开了第五届董事会第一次会议，审议通过了选举董事长、 董事会专门委员会委员，聘任高级管理人员、证券事务代表等相关议案。现就具 体情况公告如下： 一、董事会换届选举情况 （一）董事选举情况 2025 年 9 月 11 日，公司召开 2025 年第二次临时股东大会，采用累积投票 制的方式，选举产生公司第五届董事会成员，具体如下： 1、选举向荣先生、刘荣先生、覃光全先生、毛钢烈先生为第五届董事会非 独立董事； 2、选举杨晓波先 ...

证券代码：688311 证券简称：盟升电子 公告编号：2025-066 成都盟升电子技术股份有限公司 2025年第二次临时股东大会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 09 月 11 日 （二） 股东大会召开的地点：公司会议室（四川省成都市天府新区兴隆街道桐 子咀南街 350 号） （一） 非累积投票议案 1、 议案名称：关于取消监事会及修改<公司章程>并办理工商变更登记的议案 审议结果：通过 表决情况： | 股东类型 | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 票数 | | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | | （%） | | （%） | | 普通股 | | 54,731,119 | 99.9545 | 24,933 | 0.0455 | ...

泰和泰律师事务所 关于成都盟升电子技术股份有限公司 2025 年第二次临时股东大会的 法律意见书 （2025）泰律意字（盟升电子）第 4 号 2025 年 9 月 11 日 中国 • 成都市天府新区正兴街道隆和西巷 299 号泰和泰中心 24—33F 24-33f, Tahota Center, No. 299 Longhe West Lane, Zhengxing Street, Tianfu New District, Chengdu, Peoples Republic of China 电话|TEL：86-28-86625656 传真|FAX：86-28-85256335 www.tahota.com 关于成都盟升电子技术股份有限公司 2025 年第二次临时股东大会的法律意见书 泰和泰律师事务所（以下简称"本所"或"泰和泰"）接受成都盟升电子技 术股份有限公司（以下简称"公司"）的委托，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》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、《律师 事务所从事证券法律业务管理办法》和《律师事务所 ...

Summary of Key Points Core Viewpoint - Chengdu Mingsheng Electronics Technology Co., Ltd. announced the interest payment details for its convertible bonds, "Mingsheng Convertible Bonds," which will be paid on September 12, 2025, for the period from September 12, 2024, to September 11, 2025 [2][9]. Convertible Bond Issuance and Terms - The company issued 3 million convertible bonds at a total value of 300 million yuan, with a maturity of six years from September 12, 2023, to September 11, 2029, and a tiered interest rate structure [2][3]. - The interest rates are set at 0.20% for the first year, 0.40% for the second year, 0.60% for the third year, 1.50% for the fourth year, 1.80% for the fifth year, and 2.50% for the sixth year [2]. Trading and Conversion Details - The convertible bonds began trading on the Shanghai Stock Exchange on October 17, 2023, under the name "Mingsheng Convertible Bonds" and code "118045" [3]. - The conversion period for the bonds starts from March 18, 2024, until the maturity date [3]. Adjustments to Conversion Price - The conversion price was adjusted from 42.72 yuan per share to 35.00 yuan per share due to a downward price revision approved in a shareholder meeting on April 18, 2024 [3]. - Further adjustments were made, with the conversion price changing to 21.10 yuan per share on October 9, 2024, and then to 20.94 yuan per share on March 11, 2025, following share buybacks [4][6][8]. Interest Payment Details - The interest payment for the second year will be 0.40 yuan per bond (before tax), resulting in a net payment of 0.32 yuan after tax deductions for individual investors [14][16]. - The interest payment will be made to all registered bondholders as of September 11, 2025, with the payment process managed by the China Securities Depository and Clearing Corporation [15][16]. Contact Information - The company provides contact details for inquiries related to the bonds, including the address and phone number for the securities department and the underwriter [17][18].

| 证券代码：688311 | 证券简称：盟升电子 | 公告编号：2025-065 | | --- | --- | --- | | 转债代码：118045 | 转债简称：盟升转债 | | 成都盟升电子技术股份有限公司 关于"盟升转债"2025 年付息的公告 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： 成都盟升电子技术股份有限公司（以下简称"公司"）于 2023 年 9 月 12 日 向不特定对象发行的可转换公司债券（以下简称"盟升转债"或"可转债"）将 于 2025 年 9 月 12 日支付自 2024 年 9 月 12 日至 2025 年 9 月 11 日期间的利息。 根据《成都盟升电子技术股份有限公司向不特定对象发行可转换公司债券并在科 创板上市募集说明书》（以下简称"《募集说明书》"）有关条款的规定，现将有关 事项公告如下： 一、可转债发行上市情况 经中国证券监督管理委员会核发的《关于同意成都盟升电子技术股份有限公 司向不特定对象发行可转换公司债券注册的批复》（证监许可[2023]1352 号）同 ...

Group 1 - The core viewpoint of the news is that Mengsheng Electronics has experienced a significant decline in stock price, dropping 10.52% over the past four days, with the current price at 36.67 CNY per share and a market capitalization of 6.157 billion CNY [1] - Mengsheng Electronics, established on September 6, 2013, and listed on July 31, 2020, specializes in the research, development, manufacturing, and sales of satellite application technology products, with a revenue composition of 78.22% from satellite navigation, 20.66% from satellite communication, and 1.12% from leasing [1] - The trading volume for Mengsheng Electronics on the reporting day was 149 million CNY, with a turnover rate of 2.34% [1] Group 2 - Yongying Fund has one fund heavily invested in Mengsheng Electronics, specifically the Yongying High-end Equipment Smart Selection Mixed Fund A (015789), which held 450,400 shares, accounting for 3.46% of the fund's net value, making it the ninth largest holding [2] - The fund has incurred a floating loss of approximately 869,200 CNY today and a total floating loss of 2.0447 million CNY during the four-day decline [2] - The Yongying High-end Equipment Smart Selection Mixed Fund A was established on July 15, 2022, with a current scale of 113 million CNY, and has achieved a year-to-date return of 19.87% and a one-year return of 65.94% [2]

成都盟升电子技术股份有限公司 2025 年第二次临时股东大会会议资料 证券代码：688311 证券简称：盟升电子 成都盟升电子技术股份有限公司 2025 年第二次临时股东大会 会议资料 2025 年 9 月 11 日 1 成都盟升电子技术股份有限公司 2025 年第二次临时股东大会会议资料 2025 年第二次临时股东大会会议资料目录 | 2025 | 年第二次临时股东大会会议须知 3 | | --- | --- | | 2025 | 年第二次临时股东大会会议议程 5 | | 2025 | 年第二次临时股东大会会议议案 7 | | | 议案一：关于取消监事会及修改《公司章程》并办理工商变更登记的议案 7 | | | 议案二：关于制定、修订及废止部分内部制度的议案 9 | | | 议案三：关于公司董事会换届选举暨提名第五届董事会非独立董事候选人的议案 10 | | | 议案四：关于公司董事会换届选举暨提名第五届董事会独立董事候选人的议案 14 | 2 成都盟升电子技术股份有限公司 2025 年第二次临时股东大会会议资料 成都盟升电子技术股份有限公司 2025 年第二次临时股东大会会议须知 为了维护全体股东的合法权 ...

Group 1 - The core viewpoint of the news is the performance and characteristics of the convertible bond issued by Alliance Electronics, which has seen a price increase and notable trading activity [1] - The convertible bond has a credit rating of "A" and a maturity of 6 years, with a coupon rate that increases over the years, starting from 0.20% in the first year to 2.50% in the sixth year [1] - The conversion price for the bond is set at 20.94 yuan, with the conversion period starting on March 18, 2024 [1] Group 2 - For the first half of 2025, Alliance Electronics reported a revenue of 119.8 million yuan, reflecting a year-on-year increase of 49.74% [2] - The net profit attributable to shareholders for the same period was -37.1 million yuan, showing a year-on-year increase of 13.72% [2] - The concentration of shareholding is high, with the top ten shareholders holding a combined 49.06% of the shares, and the average holding amount per shareholder is 1.0681 million yuan [2]

Core Viewpoint - The recent financial report of Mengsheng Electronics (688311) shows significant revenue growth but also highlights challenges in profitability and cash flow management [1][2][5]. Financial Performance - Total revenue for the first half of 2025 reached 120 million yuan, a year-on-year increase of 49.74% [1]. - The net profit attributable to shareholders was -37.13 million yuan, improving by 13.72% compared to the previous year [1]. - The gross profit margin decreased to 36.26%, down 26.52% year-on-year, indicating rising costs [1][2]. - The net profit margin improved to -31.24%, a 42.79% increase year-on-year, reflecting better cost management despite ongoing losses [1][2]. Cash Flow and Debt Management - Operating cash flow per share increased significantly to 0.96 yuan, a 294.15% rise year-on-year, indicating improved cash generation [1][4]. - The company’s cash and cash equivalents decreased by 63.37% to 134 million yuan, primarily due to investments in financial products and loan repayments [1][3]. - Total interest-bearing debt reduced by 51.51% to 181 million yuan, reflecting a focus on debt repayment [1][3]. Accounts Receivable and Inventory - Accounts receivable amounted to 497 million yuan, representing 356.44% of the latest annual revenue, indicating potential liquidity issues [1][7]. - Inventory levels reached 256.91% of revenue, raising concerns about inventory management and turnover [7]. Expense Management - Total selling, general, and administrative expenses were 55.57 million yuan, accounting for 46.4% of revenue, a significant reduction of 42.21% year-on-year [1][4]. - Sales expenses increased by 12.45% due to higher travel and business entertainment costs associated with increased orders [4]. Market Position and Investor Sentiment - The company has shown a mixed performance in terms of return on invested capital (ROIC), with a historical median of 6.5% and a particularly poor ROIC of -12.95% in 2024 [5]. - Several funds have adjusted their positions in Mengsheng Electronics, with notable changes in holdings among various mutual funds [6].