Group 1: Oat Technology - The company has expanded its IMU testing equipment to FT equipment, achieving industry-leading technical standards and is currently in the sample testing phase [1] - The company emphasizes shareholder returns through cash dividends and plans to scientifically formulate funding plans considering financial status, market environment, and long-term development needs [1] - The certification cycle for semiconductor testing equipment is approximately 6 to 12 months [1] Group 2: Jingwang Electronics - In the first half of 2025, the company achieved revenue of 7.095 billion yuan, a year-on-year increase of 20.93%, while net profit attributable to shareholders was 650 million yuan, a decrease of 1.06% [2] - The company is investing 5 billion yuan in the Zhuhai Jinwan base for high-end PCB capacity construction, with the Thailand base structure already completed [2] - The gross margin is under pressure due to metal material prices and new factory ramp-up but is improving quarter by quarter [2] Group 3: Core International - The recruitment market is experiencing structural changes, with high demand for specialized consultants [3] - The company's growth is driven by internal factors, including technological investment and multi-product layout [3] - The launch of the He Wa platform has seen a significant increase in offers, with expectations for improved conversion efficiency in the future [3] Group 4: Diaowei - In the first half of 2025, the company reported revenue of 306 million yuan, a year-on-year increase of 15.11%, with a gross margin of 45.49% [4] - The company has launched several analog products in the optical module field, applicable to 400G/800G/1.6T optical modules [4] - The company is expanding into AI applications across various sectors, including AI smartphones, AI PCs, and AI glasses [4]

Group 1: Company Insights - Binglun Environment focuses on advanced system solutions in the energy and power sectors, with products applicable in food refrigeration, data centers, and nuclear power, and has introduced an "Industrial Full-Field Thermal Control Comprehensive Solution" for energy recovery [1] - Yanmai Technology's IMU testing equipment has reached industry-leading technical standards and is currently in the sample testing phase, with a commitment to shareholder returns through cash dividends [2] - Bojie Co. is expanding its capacity by 2-3 times, targeting server and automotive electronics markets, and has begun small-scale supply of IMU detection equipment to clients [3] - DiAo Micro achieved a revenue of 306 million yuan in the first half of 2025, a year-on-year increase of 15.11%, with a gross margin of 45.49% [4] - Yidong Electronics reported a revenue of 1.009 billion yuan in the first half of 2025, a 27.77% year-on-year increase, and has expanded its product offerings into liquid cooling structures for computing chips [5] Group 2: Market Trends and Developments - The demand for advanced cooling solutions in data centers and nuclear power is increasing, with companies like Binglun Environment providing innovative technologies [1] - The semiconductor testing equipment market is evolving, with Yanmai Technology focusing on integrating supply chains and R&D with its headquarters [2] - The automotive electronics sector is seeing growth, with Bojie Co. and Yidong Electronics both securing significant orders and expanding their product lines [3][5] - The AI and smart device markets are being targeted by companies like DiAo Micro, which is developing products for AI phones and PCs [4]

据证券之星公开数据整理，近期燕麦科技（688312）发布2025年中报。截至本报告期末，公司营业总收 入2.28亿元，同比上升32.09%，归母净利润2893.45万元，同比上升18.67%。按单季度数据看，第二季 度营业总收入1.33亿元，同比上升31.42%，第二季度归母净利润2641.71万元，同比上升64.39%。本报 告期燕麦科技公司应收账款体量较大，当期应收账款占最新年报归母净利润比达145.73%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率49.12%，同比减2.86%，净利率11.33%，同比减 13.66%，销售费用、管理费用、财务费用总计3156.05万元，三费占营收比13.82%，同比增28.07%，每 股净资产9.63元，同比增6.24%，每股经营性现金流0.48元，同比增272.87%，每股收益0.2元，同比增 17.65% | 基金筒称 | 基金代码 | 持有股数 | 持仓变动 | 数据来源 | | --- | --- | --- | --- | --- | | 国寿安保裕安混合A | 010205 | 6.80万股 | 新进十大 | 2025基金半年报 | | 汇泉兴至未 ...

Core Viewpoint - The announcement details the second vesting period of the 2022 restricted stock incentive plan for Shenzhen Oat Technology Co., Ltd, confirming that the vesting conditions have been met for a total of 170,400 shares to 33 eligible participants [1][9][15]. Group 1: Incentive Plan Overview - The total number of restricted shares granted is 4 million, with 3.2 million shares (80%) for the initial grant and 800,000 shares (20%) reserved for future grants [1]. - The purchase price for the shares is set at 8.53 yuan per share [1]. - The incentive plan includes three vesting periods, with specific percentages of shares vesting at each period: 30% after 18 months, 30% after 30 months, and 40% after 42 months for the initial grant [1][3]. Group 2: Performance Assessment Criteria - The performance assessment for the incentive plan will occur annually from 2023 to 2025, with specific revenue growth targets: 20% for 2023, 30% for 2024, and 40% for 2025, based on the average revenue from 2020 to 2022 [2][3]. - If the performance targets are not met, all shares planned for vesting in that year will be canceled [3]. Group 3: Vesting Conditions and Compliance - The second vesting period for the reserved shares has been confirmed, with 33 eligible participants meeting the necessary conditions [9][10]. - The vesting conditions include a minimum tenure of 12 months for participants and compliance with company performance targets [10][12]. - The board has verified that the vesting conditions for the reserved shares have been met, allowing for the vesting of 170,400 shares [12][15]. Group 4: Legal and Regulatory Compliance - The company has received necessary approvals and authorizations for the adjustments and vesting of the restricted shares, ensuring compliance with relevant laws and regulations [15][16]. - The legal opinion confirms that the adjustments and vesting conditions align with the company's articles of association and applicable laws [15][16].

Core Viewpoint - Shenzhen Oat Technology Co., Ltd. has announced adjustments to the grant prices of its restricted stock incentive plans for 2022 and 2023, reducing the grant price from 9.02 CNY to 8.53 CNY for 2022 and from 5.61 CNY to 5.12 CNY for 2023 [1][10]. Group 1: Adjustment Details - The grant price for the 2022 restricted stock incentive plan has been adjusted from 9.02 CNY per share to 8.53 CNY per share [1][10]. - The grant price for the 2023 restricted stock incentive plan has been adjusted from 5.61 CNY per share to 5.12 CNY per share [1][10]. - The adjustments were made in accordance with the company's incentive plan regulations, considering factors such as capital increases and dividend distributions [9][10]. Group 2: Decision-Making Process - The board of directors and the supervisory board have reviewed and approved the adjustments, ensuring compliance with relevant laws and regulations [1][10]. - Independent directors provided opinions affirming that the adjustments are beneficial for the company's sustainable development and do not harm the interests of shareholders [1][10]. - The supervisory board has verified the eligibility of the incentive recipients and the conditions for granting the stock [8][10]. Group 3: Impact and Legal Opinions - The adjustments to the grant prices are not expected to have a substantial impact on the company's financial status and operational results [10]. - Legal opinions confirm that the adjustments and related matters have received the necessary approvals and comply with applicable laws and regulations [11].

深圳市燕麦科技股份有限公司 董事会薪酬与考核委员会关于 2022 年限制性股票激励计划 预留授予第二个归属期归属名单的核查意见 《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》"） 和《深圳市燕麦科技股份有限公司章程》 （以下简称"《公司章程》"）等有关规定， 深圳市燕麦科技股份有限公司（以下简称"公司"）董事会薪酬与考核委员 会依据《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" 对《2022 年限制性股票激励计划（草案）》（以下简称"本次激励计划"）预留 授予第二个归属期归属名单进行审核，发表核查意见如下： 除 12 名激励对象因离职不符合归属条件，本次拟归属的 33 名激励对象符合 《公司法》《证券法》等法律、法规和规范性文件以及《公司章程》规定的任职 资格，符合《管理办法》《上市规则》等法律、法规和规范性文件规定的激励对 象条件，符合本次激励计划规定的激励对象范围，其作为公司本次激励计划激励 对象的主体资格合法、有效，激励对象获授限制性股票的归属条件已成就。 董 ...

Core Points - The company has reviewed and approved the list of 27 incentive recipients for the 2023 restricted stock incentive plan, confirming their eligibility under relevant laws and regulations [1][2] - A total of 235,762 shares of restricted stock will be granted to the approved recipients, which aligns with legal and regulatory requirements and does not harm the interests of the company and its shareholders [2] Summary by Sections - **Eligibility and Compliance** - The 27 incentive recipients meet the qualifications set forth by the Company Law, Securities Law, and other relevant regulations, confirming their legal and effective status as recipients of the incentive plan [1] - **Stock Allocation** - The total number of restricted shares to be granted is 235,762, which complies with all applicable laws and regulations [2]

| 深圳市他山企业管理咨询有限公司 | | | --- | --- | | 关于深圳市燕麦科技股份有限公司 | | | 预留授予部分第一个归属期符合归属条件事项的 | | | 独立财务顾问报告 | | | 二〇二五年八月 | | | 目 录 | | | 深圳市他山企业管理咨询有限公司 | 独立财务顾问报告 | | 释 义 | | | 除非上下文文意另有所指，下列词语具有如下含义： | | | 燕麦科技、公司 指 | 深圳市燕麦科技股份有限公司 | | 深圳市燕麦科技股份有限公司 | 2023 年限制性股票激励 | | 本激励计划 指 | | | 计划 | | | 《深圳市燕麦科技股份有限公司 | 2023 年限制性股票激 | | 《股权激励计划（草案）》 指 | | | 励计划（草案）》 | | | 《深圳市他山企业管理咨询有限公司关于深圳市燕麦 | | | 科技股份有限公司 2023 | 年限制性股票激励计划调整事 | | 独立财务顾问报告、本报告 指 | | | 项及预留授予部分第一个归属期符合归属条件事项的 | | | 独立财务顾问报告》 | | | 限制性股票、第二类限制性 | 满足归属条件后，按本激 ...

Core Viewpoint - Shenzhen Oat Technology Co., Ltd. has announced the first vesting period of its 2023 restricted stock incentive plan, confirming that the conditions for vesting have been met for a total of 23.5762 million shares [1][12][18] Summary by Sections Incentive Plan Overview - The total number of restricted stocks granted is 3.021524 million shares, with 2.55 million shares for the first grant (84.39%) and 471524 shares reserved (15.12%) [1] - The purchase price for the restricted stocks is set at 5.12 yuan per share [1][11] Vesting Arrangement - The first vesting period for the initial grant is from the first trading day after 16 months to the last trading day within 28 months [2] - The second vesting period for the initial grant is from the first trading day after 28 months to the last trading day within 40 months [2] - The first vesting period for the reserved grant is from the first trading day after 12 months to the last trading day within 24 months [2] - The second vesting period for the reserved grant is from the first trading day after 24 months to the last trading day within 36 months [2] Performance Assessment - The performance assessment for the first vesting period requires a revenue growth rate of no less than 10% for 2024 based on 2023 revenue [3][5] - Alternatively, a net profit growth rate of no less than 15% for 2024 based on 2023 net profit is also acceptable [3] - The performance assessment for the second vesting period requires a revenue growth rate of no less than 20% for 2025 based on 2023 revenue [5] - Alternatively, a net profit growth rate of no less than 30% for 2025 based on 2023 net profit is also acceptable [5] Compliance and Approval - The board of directors and the supervisory board have approved the incentive plan and confirmed that the vesting conditions have been met for the reserved grant [12][18] - A total of 27 individuals are eligible for the reserved grant, with the vesting conditions confirmed [12][18] Financial Reporting and Accounting - The company will account for the stock-based compensation in accordance with relevant accounting standards, using the Black-Scholes model to determine the fair value of the restricted stocks [17] - The company will adjust the expected number of vested shares based on changes in eligible individuals and the completion of vesting conditions [17]

法律意见书 关于深圳市燕麦科技股份有限公司 第二个归属期归属条件成就、部分限制性股票作废以及 第一个归属期归属条件成就相关事项的 法律意见书 中国广东深圳市福田区益田路 6001 号太平金融大厦 11、12 楼 邮编：518038 电话（Tel）：（0755）88265288 传真（Fax）：（0755）88265537 法律意见书 法律意见书 | 释义 | | | | --- | --- | --- | | 在本法律意见书内，除非文义另有所指，下列简称和词语具有以下含义： | | | | 深圳市燕麦科技股份有限公司 | 公司 指 | | | 符合 | | 2022 年激励计划、2023 年激励计划授予条件的激励对象，在 | | 指 | 限制性股票 | 满足相应归属条件后分次获得并登记的公司股票，为第二类限制性 | | 股票 | | | | 根据 | | 2022 年激励计划、2023 年激励计划的相关规定获得限制性股 | | 指 | 激励对象 | | | 票的人员 | | | | 公司 | | 2022 年激励计划以及 2023 年激励计划授予价格（含预留授予） | | 指 | 本次调整 | | | 的调整 ...