Group 1 - The core viewpoint of the article is that Jiuquan Technology (688391.SH) reported a decline in both revenue and net profit for the first half of 2025 compared to the previous year [1] Group 2 - The total operating revenue for the first half of 2025 was 272 million yuan, representing a year-on-year decrease of 11.39% [1] - The net profit attributable to shareholders of the parent company was 37.4852 million yuan, which is a year-on-year decline of 33.34% [1] - The basic earnings per share were 0.3266 yuan [1]

Core Points - The company, Jiuquan Optoelectronics Technology (Shanghai) Co., Ltd., was established as a joint-stock company from a limited liability company, with its registration completed on May 19, 2010 [1] - The company received approval from the China Securities Regulatory Commission to publicly issue 14.4 million shares of RMB ordinary stock (A shares) on July 15, 2022, and was listed on the Shanghai Stock Exchange on September 13, 2022 [1] - The registered capital of the company is RMB 115.18156 million [1] Chapter Summaries Chapter 1: General Provisions - The company aims to protect the legal rights of shareholders and creditors, and to regulate its organization and behavior according to relevant laws and regulations [1] - The company is a permanent entity and its shares are divided into equal portions, with shareholders liable only to the extent of their subscribed shares [1] Chapter 2: Business Objectives and Scope - The company's business objective is to achieve satisfactory economic benefits for the company and its shareholders through technological advancement and innovation [1] - The business scope includes the development, design, production, and sales of optoelectronic technology products, integrated circuit research and design, and related technical consulting and services [1] Chapter 3: Shares Section 1: Share Issuance - Shares are issued in the form of stocks, with each share having a par value of RMB 1 [1] - The issuance of shares must adhere to principles of openness, fairness, and justice, ensuring equal rights for all shares of the same type [1] Section 2: Share Increase, Decrease, and Repurchase - The company can increase capital through various methods, including public issuance and bonus shares, as decided by the shareholders' meeting [3] - The company may repurchase its shares under specific circumstances, such as reducing registered capital or for employee stock ownership plans [4] Section 3: Share Transfer - Shares can be transferred in accordance with the law, and the company does not accept its own shares as collateral [5] Chapter 4: Shareholders and Shareholders' Meeting Section 1: Shareholders - The company maintains a shareholder register based on records from the securities registration agency, which serves as proof of share ownership [7] - Shareholders have rights to dividends, attend meetings, supervise operations, and access company documents [7] Section 2: Shareholders' Meeting General Provisions - The shareholders' meeting is the company's decision-making body, responsible for major decisions such as business direction, capital changes, and financial reports [12] - The annual shareholders' meeting must be held within six months after the end of the previous fiscal year [12] Section 3: Proposals and Notifications for Shareholders' Meetings - Proposals for the shareholders' meeting must be within the scope of the meeting's authority and clearly defined [16] - Shareholders holding more than 1% of shares can propose temporary motions [16] Chapter 5: Voting and Resolutions of Shareholders' Meetings - Resolutions can be ordinary or special, with ordinary resolutions requiring a simple majority and special resolutions requiring two-thirds approval [76][78] - Voting must be conducted in a transparent manner, with results announced immediately [88]

Core Points - The company announced the first vesting period of the reserved portion of the 2024 restricted stock incentive plan, with a total of 42,340 shares eligible for vesting [1][19][22] - The incentive plan includes a total of 1,050,000 shares, with adjustments leading to an initial grant of 959,000 shares and a reserved first grant of 79,000 shares [1][12] - The vesting price for the shares is set at 23.40 yuan per share, adjusted to 14.99 yuan per share [1][12] Incentive Plan Approval and Implementation - The incentive plan was approved by the board of directors and involves a two-class restricted stock method [1][2] - The first grant involves 136 individuals, with 15 for the reserved first grant and 6 for the reserved second grant [2][12] - The vesting schedule includes three periods: 40% after 12 months, 30% after 24 months, and 30% after 36 months from the grant date [3][5] Performance Assessment Requirements - Company-level performance targets for the years 2024 to 2026 are established, with specific sales volume targets for chips [6][16] - Individual performance assessments will determine the actual number of shares vested, based on company performance and individual evaluations [6][16] - If the company fails to meet the lowest performance target, all shares planned for vesting in that year will be forfeited [6] Vesting Conditions and Results - The first vesting period for the reserved portion is from August 27, 2025, to August 26, 2026, with conditions met for 14 individuals [13][17] - The board and supervisory committee confirmed that the vesting conditions were achieved, allowing for the vesting of 42,340 shares [17][23] - One individual lost eligibility due to resignation, resulting in 8,700 shares being forfeited [17][22] Legal and Compliance - The legal opinion confirms that all necessary approvals and authorizations for the vesting conditions have been obtained, ensuring compliance with relevant laws and regulations [23]

Core Viewpoint - The report highlights the financial performance and operational challenges faced by Jiuquan Optoelectronics Technology (Shanghai) Co., Ltd. in the first half of 2025, including a significant decline in revenue and profit due to market pressures and increased R&D investments in response to industry demands [4][10]. Company Overview and Financial Indicators - Jiuquan Optoelectronics is engaged in the research, design, and sales of chips for smart grid terminal devices, classified under the integrated circuit design industry [3][10]. - The company reported a revenue of approximately 272 million yuan, a decrease of 11.39% compared to the same period last year [4]. - The total profit for the period was approximately 29.83 million yuan, down 43.90% year-on-year, with a net profit attributable to shareholders of about 37.49 million yuan, reflecting a 33.34% decline [4][10]. Industry Context - The integrated circuit industry in China is undergoing a transformation, with a focus on domestic innovation and the development of strategic industries, particularly in response to external pressures and market demands [10]. - The smart grid market is experiencing rapid growth driven by policy support and technological advancements, with significant demand for smart meters expected to continue through 2026 [10][11]. Main Business and Product Lines - The company specializes in core chip solutions for smart grid applications, including energy metering chips, smart meter MCU chips, and communication chips, which are widely used in smart grid, industrial control, and renewable energy sectors [10][11]. - The product lineup includes three-phase and single-phase energy metering chips, smart meter MCUs, and various communication chips, all designed to meet the specific needs of the smart grid market [10][11]. Research and Development Focus - The company has increased its R&D investment to 90.76 million yuan, a year-on-year increase of 7.77%, emphasizing its commitment to innovation and maintaining a competitive edge in the market [10][11]. - The R&D team comprises 79.30% of the total workforce, reflecting the company's focus on technological advancement and product development [10][11]. Operational Strategy - The company operates under a Fabless model, outsourcing manufacturing and packaging while focusing on chip design and sales [8][9]. - It has established rigorous management processes for product development, ensuring effective control over the entire R&D process [8][9].

| 研发投入占营业收入的比例（%） 33.36 | | | | | 27.43 | | 增加5.93 | | --- | --- | --- | --- | --- | --- | --- | --- | | 个百分点 | | | | | | | | | | | | | | | | 单位: 股 | | 截至报告期末股东总数 | | | | | | | | | （户） | | | | | | 6,774 | | | 截至报告期末表决权恢复的优先股股东总数 | | | | | | | | | （户） | | | | | 不适用 | | | | 截至报告期末持有特别表决权股份的股东总数 | | | | | | | | | （户） | | | | | 不适用 | | | | 名股东持股情况 | 前 10 | | | | | | | | 包含转融 | | | | | | | | | 持股 | | | 持有有限 | | | | | | 持股 | | | | | 通借出股 | | 质押、标记 | | 或冻 | | | | | | | | | 股东名称 比例 | 股东性质 | | | 售条件的 | | | | | 数量 | ...

Core Points - The company held its sixth board meeting on August 28, 2025, where several key resolutions were passed regarding financial and operational reports for Q2 2025 [1][2][3] Financial Reports - The board approved the financial report for Q2 2025 with a unanimous vote of 7 in favor [1] - The operational report for Q2 2025 was also approved with the same voting outcome [1] Internal Audit and Compliance - The internal audit report for Q2 2025 was reviewed and deemed to align with the company's actual operations, confirming effective internal control systems [2] - The board affirmed that the half-year report for 2025 accurately reflects the company's financial status and operational results, ensuring compliance with legal requirements [2] Fund Management - The board approved a special report on the management and actual use of raised funds for the first half of 2025, confirming compliance with relevant laws and regulations [3] - The company has maintained dedicated accounts for raised funds and has not misused them, ensuring transparency in fund usage [3] Stock Incentive Plans - Adjustments to the restricted stock incentive plan for 2023 and 2024 were approved, with the board confirming that the adjustments are in accordance with relevant regulations [4] - The first vesting period of the reserved portion of the 2024 restricted stock incentive plan was confirmed to meet the vesting conditions [5] Capital Changes - The board approved changes to the registered capital and amendments to the company's articles of association, reflecting an increase in total shares from 114,585,900 to 115,181,560 [6]

Core Points - The company held its sixth supervisory board meeting on August 28, 2025, where all resolutions were passed unanimously by the three attending supervisors [1][2][3] Financial Reports - The supervisory board approved the financial report for Q2 2025, stating that it accurately reflects the company's financial status and operational results [1][2] - The internal audit report for Q2 2025 was also approved, confirming that the company maintained effective internal control systems [2] Half-Year Report - The supervisory board approved the half-year report for 2025, ensuring compliance with legal regulations and confirming the accuracy and completeness of the disclosed information [2][3] Fund Usage - The board approved a special report on the storage and actual use of raised funds for the first half of 2025, confirming compliance with relevant laws and regulations [2][3] Stock Incentive Plans - The supervisory board approved adjustments to the restricted stock incentive plan based on previous shareholder meetings, confirming that the adjustments do not harm the interests of the company or its shareholders [2][3][4] - The board also approved the first vesting period of the 2024 restricted stock incentive plan, confirming that the conditions for vesting have been met [4]

Core Points - The Supervisory Board of Jiuquan Optoelectronics Technology (Shanghai) Co., Ltd. has verified the first vesting list of the reserved first grant under the 2024 restricted stock incentive plan [1] - A total of 15 individuals were identified as incentive objects, with 14 meeting the eligibility criteria after one individual lost qualification due to resignation [1][2] - The total number of restricted shares that can be vested for the eligible 14 individuals is 42,340 shares, which complies with relevant laws and regulations [2]

证券代码：688391 证券简称：钜泉科技 公告编号：2025-033 钜泉光电科技（上海）股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告 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。 根据中国证券监督管理委员会《上市公司募集资金监管规则》、《上海证券交易 所科创板上市公司自律监管指引第 1 号——规范运作》的相关规定，钜泉光电科技 （上海）股份有限公司（以下简称"本公司"或"公司"）就 2025 年半年度募集资 金存放与实际使用情况作如下专项报告： 一、募集资金基本情况 经中国证券监督管理委员会证监许可[2022]1523 号文《关于同意钜泉光电科技 （上海）股份有限公司首次公开发行股票注册的批复》核准，由主承销商国金证券 股份有限公司采用向战略投资者定向配售、网下向符合条件的网下投资者询价配售 与网上向持有上海市场非限售 A 股股份和非限售存托凭证市值的社会公众投资者定 价发行相结合的方式，公开发行人民币普通股股票 1,440.00 万股，每股发行价格为 人民币 115.00 元。截至 2022 ...

钜泉光电科技（上海）股份有限公司 关于变更注册资本、修订《公司章程》并办理工商变更登记 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。 钜泉光电科技（上海）股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日召开第六届董事会第二次会议，审议通过了《关于变更注册资本、修订<公司章 程>并办理工商变更登记的议案》。鉴于公司 2024 年限制性股票激励计划首次授予 以及预留第一次授予部分符合股票归属条件，其中首次授予部分第一批次归属共 计 553,320 股，已于 2025 年 5 月 12 日登记完成；预留第一次授予部分第一批次归 属共计 42,340 股，即将办理股份登记手续。本次股份归属办理完成后，公司总股 本由 114,585,900 股变更为 115,181,560 股；公司注册资本由人民币 11,458.59 万元 变更为人民币 11,518.156 万元。同时对《公司章程》部分条款进行修订，具体如 下： | | | | | 修订前 | | | | | | | | | 修订后 | | | | | ...