| 股证券代码：688385 A | 证券简称：复旦微电 | 公告编号：2025-062 | | --- | --- | --- | | 港股证券代码：01385 | 证券简称：上海复旦 | | 上海复旦微电子集团股份有限公司 上海复旦微电子集团股份有限公司（以下简称"公司"或"本公司"）于 2025 年 12 月 30 日召开了第十届董事会第七次会议，审议通过《关于调整 2021 年限制性股票激励计划授予价格的议案》，将 2021 年限制性股票激励计划授予 价格由 17.7 元/股调整为 17.62 元/股。现将有关事项公告如下： 一、本次股权激励计划已履行的相关决策程序 1、2021 年 9 月 23 日，公司召开第八届董事会第二十六次会议及第八届监 事会第十次会议，审议通过了《关于公司<2021 年限制性股票激励计划（草 案）>及其摘要的议案》等相关议案。公司独立非执行董事对该事项发表了同意 的独立意见。公司监事会对公司 2021 年限制性股票激励计划的相关事项进行核 实并出具了相关核查意见。2021 年 9 月 24 日，公司于上海证券交易所网站 (www.sse.com.cn)披露了相关公告。 2、 ...

2021 年限制性股票激励计划首次授予部分的激励对象中：本期有 34 名激 励对象已离职，已授予未归属股份作废。469 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，其作为本次激励计划首次授予激励对象的主 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。 综上，薪酬与考核委员会同意公司 2021 年限制性股票激励计划首次授予部 分第四个归属期的归属名单。 二、对 2021 年限制性股票激励计划预留授予部分第三个归属期归属名单 核查意见 上海复旦微电子集团股份有限公司 第十届董事会薪酬与考核委员会关于 2021 年限制性股票激励计划 首次授予部分第四个归属期归属名单、预留授予部分第三个归属期 归属名单核查意见 上海复旦微电子集团股份有限公司(以下简称"公司")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》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《上 海证券交易所科 ...

证券代码：688385 证券简称：复旦微电 中信建投证券股份有限公司 2025 年 12 月 | 一、释义 2 | | | | --- | --- | --- | | 二、声明 4 | | | | 三、本次激励计划已履行的必要程序 5 | | | | 四、调整 | 年限制性股票激励计划授予价格的情况 8 | 2021 | | 五、本次激励计划首次授予部分第四个归属期归属条件成就的情况 10 | | | | 六、本次激励计划预留授予部分第三个归属期归属条件成就的情况 13 | | | | 七、作废部分已授予尚未归属的限制性股票的情况 16 | | | | 八、独立财务顾问意见 | 17 | | | 九、备查文件及备查地点 | 18 | | 关于 上海复旦微电子集团股份有限公司 2021 年限制性股票激励计划授予价格调 整、首次授予部分第四个归属期及预留授 予部分第三个归属期的归属条件成就、作 废部分已授予尚未归属的限制性股票事项 之 独立财务顾问报告 独立财务顾问 一、释义 以下词语如无特殊说明，在本文中具有如下含义： | 复旦微电、公司、上市公 | 指 | 上海复旦微电子集团股份有限公司 | | --- | ...

上海市锦天城律师事务所 关于上海复旦微电子集团股份有限公司 2021 年限制性股票激励计划授予价格调整、 首次授予部分第四个归属期及预留授予部分第三个归属期 归属条件成就暨部分限制性股票作废事项之 法律意见书 上海市锦天城律师事务所 关于上海复旦微电子集团股份有限公司 2021 年限制性股票激励计划授予价格调整、 首次授予部分第四个归属期及预留授予部分第三个归属期 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 归属条件成就暨部分限制性股票作废事项之 法律意见书 致：上海复旦微电子集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海复旦微电子集团股 份有限公司（以下简称"公司"或"复旦微电"）的委托，担任公司"2021 年限 制性股票激励计划"（以下简称"本次激励计划"）的特聘专项法律顾问，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》《上海证券交易所科创板股票上市规则》《上市公司股权激励管理办法》（以 下简称"《管理 ...

| 股证券代码：688385 | A | 证券简称：复旦微电 | 公告编号：2025-060 | | --- | --- | --- | --- | | 港股证券代码：01385 | | 证券简称：上海复旦 | | 上海复旦微电子集团股份有限公司 第十届董事会第七次会议决议公告 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。 上海复旦微电子集团股份有限公司(以下简称"公司"、"复旦微电")第十届董 事会第七次会议通知于 2025 年 12 月 25 日以电子邮件方式发出，于 2025 年 12 月 30 日以通讯表决的形式召开。目前董事会共有 11 名董事，实到董事 11 名， 会议由董事长兼总经理张卫主持。会议的召集召开符合《公司法》和《公司章 程》的有关规定，合法有效。 会议审议并通过了如下事项： 一、审议通过《关于公司 2021 年限制性股票激励计划首次授予部分第四个 归属期符合归属条件的议案》 综上，2021 年限制性股票激励计划首次授予股票本期作废 126,250 股；预 留授予股票本期作废 48,000 股。 ...

Group 1 - The core viewpoint of the news is the strong performance of the A+H semiconductor industry chain in the Hong Kong stock market, with significant gains in various companies and the launch of the first ETF focused on the Hong Kong chip industry [1][3]. Group 2 - In the early trading session on December 29, stocks such as UBTECH and Shanghai Fudan rose over 10%, while Jiantao Laminates increased by over 7%, and Huahong Semiconductor and Fourth Paradigm gained over 2% [1]. - The first ETF focusing on the "Hong Kong chip" industry chain (159131) opened strong and is expected to continue its upward trend, with a real-time transaction amount exceeding 300 million CNY [1]. - The ETF is designed to track the "China Securities Hong Kong Stock Connect Information Technology Comprehensive Index," with a composition of 70% hardware and 30% software, including 42 Hong Kong tech companies [3]. - Notably, the ETF has significant weightings in companies such as SMIC (20.48%), Xiaomi Group-W (9.53%), and Huahong Semiconductor (5.80%), excluding major internet firms like Alibaba and Tencent [3]. - The IPO of Wallen Technology, the first GPU company listed in Hong Kong, has started, aiming to raise up to 4.85 billion HKD, with a subscription amount of 260.7 billion HKD, indicating strong demand [1][3].

每经AI快讯，上海复旦(01385.HK)一度涨超13%，截至发稿涨10.6%，报48港元，成交额4.97亿港元。 （文章来源：每日经济新闻） ...

Core Viewpoint - The recent surge in Shanghai Fudan's stock price, attributed to the rapid development of the low-orbit satellite industry in China, highlights the potential benefits for companies in the related supply chain [1] Industry Summary - The commercial aerospace sector is experiencing significant catalysts, driven by national top-level design and supportive policies, which are expected to accelerate the development of the low-orbit satellite industry in China [1] - Companies involved in satellite manufacturing, launching, and networking face complex technological requirements, particularly regarding the stability, durability, and radiation resistance of chips [1] Company Summary - Fudan Microelectronics, a leader in high-end FPGA technology in China, emphasizes the advantages of FPGA chips, which are essential for space satellites due to their flexibility, high parallelism, and low latency [1] - The company identifies FPGA as an ideal solution for various fields, including wired and wireless communication, low-orbit satellite communication, video imaging, industrial control, artificial intelligence, and high-reliability applications [1]

Group 1 - The core viewpoint of the article highlights the significant rise in Shanghai Fudan's stock price, which increased by over 13% and is currently trading at 48 HKD, with a transaction volume of 4.97 billion HKD, indicating strong market interest [1] - The commercial aerospace sector is experiencing a surge in activity, driven by national top-level design and supportive policies, which are expected to accelerate the development of China's low-orbit satellite industry [1] - Companies in the related supply chain are anticipated to benefit deeply from this growth, particularly in satellite manufacturing, launching, and networking, which require advanced technology and high standards for chip stability and durability [1] Group 2 - FPGA chips are identified as a standard requirement for space satellites due to their high flexibility, parallel processing capabilities, and low latency, making them ideal for various applications including low-orbit satellite communication and industrial control [1] - Fudan Microelectronics is recognized as a technology leader in high-end FPGA development in China, positioning the company favorably within the growing market [1]

Core Insights - The commercial aerospace industry is on the brink of a significant boom, with China's plans for satellite constellations and advancements in rocket technology indicating a surge in satellite launches in the coming years [1][17] - Identifying the core segments of the aerospace infrastructure that can replicate the success of previous high-growth sectors like solar inverters and AI computing modules is crucial for investors [1] Satellite Industry - The satellite payload is a critical component, accounting for 50%-70% of the total satellite cost, with communication payloads making up over 75% of the payload cost [4] - The industry exhibits high technical barriers and a concentrated market structure, with a few dominant players [5] - Key companies in the satellite payload segment include: - Zhenray Technology, a leader in RF chips and payload components, breaking foreign monopolies and meeting the demand for miniaturization and low power consumption [6] - Shanghai Hanxun, a leading communication payload provider with a strong market share, benefiting from its relationship with major clients like Qianfan Constellation [6] - Fudan Microelectronics, known for its versatile FPGA chips used in satellites and rockets [7] TR Chip Segment - The TR chip, responsible for signal amplification in satellites, is vital, representing 15%-20% of the total satellite cost, with a market dominated by Chengchang Technology, holding over 80% market share [9] - Key companies in the TR chip segment include: - Zhenray Technology, a significant player in TR components [10] - Chengchang Technology, the only domestic company producing mass-market star-mounted phased array TR chips, with a substantial client base [10] - Guobang Electronics, a leading supplier of TR components and RF chips [11] Rocket Industry - The rocket propulsion system is the heart of the rocket industry, accounting for 30%-40% of total rocket costs, similar to the role of inverters in the solar industry [13] - The industry is characterized by a "state-owned enterprise leading, private enterprise collaborating" structure [14] - Key companies in the rocket propulsion segment include: - Aerospace Power, the only listed platform under the Aerospace Science and Technology Group, providing liquid engines for national rockets [15] - Sry New Materials, supplying critical components for rocket engines [16] Market Dynamics - The commercial aerospace sector is positioned as a long-term technology-driven market, with a focus on increasing launch volumes leading to demand surges and performance improvements in core segments [17] - Continuous monitoring of rocket launches, industry developments, and market funding trends is essential for identifying investment opportunities [17]