Core Points - The company has completed the registration of the first category of restricted stock under the 2025 incentive plan, with a total of 598,842 shares granted to 58 individuals at prices of 19.68 CNY and 21.69 CNY per share [1][3][8] Group 1: Stock Grant Details - The grant date for the first category of restricted stock was September 10, 2025 [1] - The total number of shares granted is 598,842 [1] - The number of individuals receiving the grant is 58 [1] - The grant price for partners is set at 19.68 CNY per share, while for corporate partners it is 21.69 CNY per share [1] Group 2: Stock Source and Registration - The stock was sourced from the company's repurchase of its own ordinary shares from the secondary market [2][9] - The registration of the granted shares was completed on October 28, 2025, with the company receiving the registration proof on October 30, 2025 [8] Group 3: Validity and Lock-up Period - The validity period for the restricted stock is up to 36 months from the grant date [3] - The lock-up period for the granted stock will not be less than 12 months from the registration date [4] Group 4: Financial Impact and Fund Usage - The funds raised from the stock grant amount to 12,526,894.53 CNY, which will be used to supplement the company's working capital [7][11] - The accounting treatment for the stock grant will be in accordance with accounting standards, with costs recognized over the vesting period [12][13] Group 5: Control and Ownership Structure - The stock grant will not change the total share capital of the company, thus not affecting the shareholding ratio of the controlling shareholders [9] - The total number of shares involved in the incentive plan does not exceed 20% of the company's total share capital [3]

Core Points - The company, Puyuan Precision Electric, announced a share buyback of 537,428 shares, which represents 0.28% of its total share capital [1] Summary by Category Company Actions - The company conducted a share repurchase through the Shanghai Stock Exchange's centralized bidding system [1]

Group 1 - The company, Puyuan Precision Electric, announced on October 31 that it has repurchased approximately 670,000 shares through the Shanghai Stock Exchange, representing 0.34% of its total share capital of about 194 million shares [1] - The highest price for the repurchased shares was 40 RMB per share, while the lowest price was 37.51 RMB per share [1] - The total amount spent on the share repurchase was approximately 25.93 million RMB [1]

证券代码：688337 证券简称：普源精电 公告编号：2025-071 普源精电科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2025/4/30 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 日~2026 2025 29 4 | 4 | 月 | 年 | 月 | 日 28 | | 预计回购金额 | 3,000万元~5,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 66.5061万股 | | | | | | | 累计已回购股数占总股本比例 | 0.34% | | | | | | | 累计已回购金额 | 2,593.4470万元 | | | | ...

Core Viewpoint - Puyuan Precision Electric (688337.SH) announced a share buyback program, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Summary by Categories Share Buyback Details - The company repurchased a total of 665,061 shares, which represents 0.34% of its total share capital [1] - The highest price paid for the shares was 40.00 CNY per share, while the lowest price was 37.51 CNY per share [1] - The total amount spent on the buyback was 25.9345 million CNY, including transaction fees such as stamp duty and commissions [1]

Core Viewpoint - The company plans to repurchase shares using its own funds ranging from 30 million to 50 million yuan for equity incentives, with a repurchase period until April 28, 2026 [1] Group 1: Share Repurchase Details - The repurchase price ceiling has been adjusted from a maximum of 56.79 yuan per share to 56.39 yuan per share due to the annual equity distribution in 2024 [1] - As of October 31, the company has repurchased a total of 665,061 shares, accounting for 0.34% of the total share capital [1] - The cumulative amount spent on repurchases is 25.9345 million yuan, with repurchase prices ranging from 37.51 yuan to 40.00 yuan per share [1]

Core Viewpoint - Puyuan Precision Electric, a leading company in the general electronic measurement instrument industry, has shown a mixed performance in its financial results for the third quarter of 2025, with revenue growth but a significant decline in net profit [2][6][7]. Financial Performance - In Q3 2025, Puyuan Precision Electric achieved a revenue of 597 million yuan, ranking 19th among 61 peers, while the industry leader, Chuan Yi Co., reported revenue of 4.89 billion yuan [2]. - The net profit for the same period was 40.66 million yuan, placing the company 31st in the industry, with the top performer, Chuan Yi Co., earning 469 million yuan [2]. - Year-on-year, the revenue increased by 11.68%, while the net profit saw a decline of 32.38% [6][7]. Profitability and Debt Management - The company's debt-to-asset ratio stood at 15.48%, lower than the industry average of 27.43%, indicating strong debt management capabilities [3]. - The gross profit margin was 55.00%, which, despite a decrease from 58.44% in the previous year, remains above the industry average of 43.50% [3]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 28.90% to 7,894, while the average number of shares held per shareholder decreased by 22.18% to 8,628.81 shares [5]. - Notable changes among the top ten shareholders include new entries from Hong Kong Central Clearing Limited and Guangfa Stable Return Mixed A [5]. Business Highlights - The company reported significant growth in high-end digital oscilloscopes, with MHO/DHO series sales up by 25.75% and DS80000 series sales up by 104.02% year-on-year [6][7]. - The transition towards a "hardware + software + solutions" service model is evident, with solution sales increasing by 22.71% [6]. - The company plans to issue H-shares and has initiated a stock buyback plan, reflecting confidence in long-term growth [7].

Core Viewpoint - The A-share market experienced fluctuations on October 30, with all three major indices showing significant declines, particularly the ChiNext index which fell nearly 2%, and the Shanghai Composite Index dropping below 4000 points. However, quantum technology stocks showed strong performance, indicating a growing interest in this sector [2]. Market Performance - The A-share market saw a turbulent adjustment, with the ChiNext index declining nearly 2% and the Shanghai Composite Index falling below 4000 points [2]. - Quantum technology stocks were notably active, with Shenzhou Information achieving two consecutive trading limits, and Geer Software hitting four trading limits in six days. Fujida surged over 19%, while Guodun Quantum, Weide Information, and Puyuan Precision Electronics all rose over 10% [2]. Industry Developments - On October 28, NVIDIA announced the launch of NVQLink, connecting 17 quantum computing companies and 9 research laboratories to integrate quantum and GPU computing. NVQLink is an open system architecture designed to combine the extreme performance of GPU computing with quantum processors to build accelerated quantum supercomputers [2]. - According to a report by Guotai Junan Securities, quantum computing is recognized as one of the most disruptive frontier technologies. Reports from IBM and the China Academy of Information and Communications Technology indicate that quantum computing is still in the early stages of technological breakthroughs, with potential substantial progress expected in the next 5 to 10 years [2]. - The application of quantum security is still in its infancy, but there is significant growth potential. China is leading in the QKD quantum security field, having established a relatively complete quantum secure communication industry chain centered around QKD technology. The quantum measurement industry is currently entering a diversified development phase [2].

Core Viewpoint - The financial performance of Puyuan Precision Technology (stock code: 688337) in the third quarter of 2025 shows a mixed trend, with revenue growth but significant declines in profit margins and net income, indicating potential challenges ahead for the company [2][3]. Financial Data Summary - The company's operating revenue for the first three quarters of 2025 reached CNY 597.39 million, an increase of 11.68% year-on-year [3][22]. - The total profit for the same period was CNY 36.77 million, down 25.43% compared to the previous year [2][22]. - Net profit attributable to shareholders decreased by 32.38% to CNY 40.66 million [2][22]. - The basic earnings per share for the third quarter was CNY 0.13, a decrease of 53.57% year-on-year [2][13]. Revenue Analysis - Sales revenue from self-developed core technology platform products increased by 21.26%, accounting for 46.49% of total sales [3][4]. - High-end digital oscilloscope products (bandwidth ≥2GHz) contributed significantly, with sales revenue growing by 104.02% [4]. - The MHO/DHO series high-resolution digital oscilloscopes saw a sales revenue increase of 25.75% [5]. - Revenue from solutions, including accessory products and services, grew by 22.71% [6]. Profitability Analysis - The overall gross margin for the first three quarters was 55.00%, down 3.44 percentage points year-on-year, primarily due to increased manufacturing costs and market competition [7]. - Research and development expense ratio increased to 28.43%, impacting net profit [8]. Non-Recurring Gains and Losses - Non-recurring gains included government subsidies amounting to CNY 302,972, while losses from asset disposals totaled CNY -3,682.33 [11][12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,894, with the largest shareholder holding 32.94% of the shares [16][18]. - The actual controller of the company is Wang Yue, who, along with associated parties, controls a total of 6.10% of the shares [17]. Cash Flow Analysis - The net cash flow from operating activities for the first three quarters was -CNY 2.83 million, a significant decline compared to the previous year [25].

证券代码：688337 证券简称：普源精电 公告编号：2025-070 普源精电科技股份有限公司 2025 年限制性股票激励计划第一类限制性股票 授予结果公告 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： 1、第一类限制性股票登记日：2025 年 10 月 28 日。 4、授予价格：授予事业合伙人的第一类限制性股票授予价格为 19.68 元/股， 授予企业合伙人的第一类限制性股票授予价格为 21.69 元/股。 2、第一类限制性股票登记数量：59.8842 万股。 根据中国证监会《上市公司股权激励管理办法》、上海证券交易所、中国证 券登记结算有限责任公司上海分公司（以下简称"中证登上海分公司"）有关业 务规则的规定，普源精电科技股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日收到中证登上海分公司出具的《证券变更登记证明》，公司完成了 2025 年限制性股票激励计划（以下简称"本激励计划"）第一类限制性股票授予登记 工作。现将有关情况公告如下。 一、第一类限制性股票授予情况 公司于 20 ...