北京国枫律师事务所 关于恒烁半导体（合肥）股份有限公司 2025 年限制性股票激励计划授予事项的 法律意见书 GRANDWAY 北京国枫律师事务所 Beijing Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层 邮编: 100005 电话(Tel): 010—66090088/88004488 传真(Fax): 010—66090016 北京国枫律师事务所 关于恒烁半导体(合肥)股份有限公司 2025 年限制性股票激励计划授予事项的 法律意见书 国枫律证字[2025] AN158-2 号 国枫律证字[2025]AN158-2号 致: 恒炼半导体（合肥） 根据本所与公司签署的《律师服务协议》,本所接受公司的委托,担任公司 本次限制性股票激励计划的专项法律顾问,根据《公司法》《证券法》《管理办法》 等有关法律、法规、规章和规范性文件的有关规定,就本激励计划的相关事宜出 具本法律意见书。本所已为公司本次股权激励事宜出具了"国枫律证字 [2025]AN158-1 号"《北京国枫律师事务所关于恒烁半导体(合肥)股份有限公 司 2025 年限制性股票激励计划(草案)的法律意见 ...

证券代码：688416 证券简称：恒烁股份 公告编号：2025-056 恒烁半导体（合肥）股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 恒烁半导体（合肥）股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了公司 2025 年第三季度报 告。为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公 司定于 2025 年 11 月 5 日（星期三）15:00-16:00 在"价值在线"（www.ir-online.cn） 举办恒烁股份（688416）2025 年第三季度业绩说明会，与投资者进行沟通和交 流，广泛听取投资者的意见和建议。 会议召开时间：2025 年 11 月 5 日（星期三）15:00-16:00 会议召开方式：网络文字互动方式 会议召开地点：价值在线（www.ir-online.cn） 会议问题征集：投资者可于 2025 年 11 月 5 日 12 ...

公司本次激励计划预留授予部分第一个归属期可归属的 28 名激励对象均符 合《公司法》《证券法》等法律法规、规范性文件及《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、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，且本次激励计划预留授予部分第一个归属期归属条件已 经成就。 因此，董事会薪酬与考核委员会同意为本次符合条件的预留授予 28 名激励 对象办理归属事宜，对应可归属的限制性股票数量为 7.6276 万股。上述事项符 合相关法律法规、规范性文件等规定，不存在损害公司及股东利益的情形。 恒烁半导体（合肥）股份有限公司董事会薪酬与考核委员会 2025 年 10 月 29 日 恒烁半导体（合肥）股份有限公司 董事会薪酬与考核委员会关于公司 2024 年限制性股票激励 计划预留授予部分第一个归属期归属名单的核查意见 恒烁半导体（合肥）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"《证券法》"）、《上市公司股权激励管理 ...

恒烁半导体（合肥）股份有限公司（以下简称"公司"）第二届董事会第 十二次会议于 2025 年 10 月 29 日在公司会议室以现场结合通讯的方式召开。会 议通知已于 2025 年 10 月 24 日以通讯方式送达各位董事。本次会议应出席董事 5 人，实际出席董事 5 人。 会议由董事长、总经理 XIANGDONG LU 先生主持。会议召开符合有关法 律、法规、规章和《公司章程》的规定。出席会议的董事对各项议案进行了认真 审议并做出了如下决议： 二、董事会会议审议情况 （一）审议通过《关于 2025 年第三季度报告的议案》 本议案已经公司第二届董事会审计委员会第七次会议审议通过。 证券代码：688416 证券简称：恒烁股份 公告编号：2025-055 恒烁半导体（合肥）股份有限公司 第二届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 本议案已经公司第二届董事会薪酬与考核委员会第五次会议审议通过。 经表决，5 票同意，0 票反对，0 票弃权。 具体内容详见公司于同日在上海证 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥131,636,979.32, representing a year-on-year increase of 52.66% due to favorable market conditions and increased shipments [4]. - The total profit for the period was a loss of ¥24,526,815.69, with a net profit attributable to shareholders also showing a loss of ¥24,546,724.37 [4]. - The company reported a total loss of ¥95,351,675.61 for the year-to-date period, indicating ongoing financial challenges [4]. - Total operating revenue for the first three quarters of 2025 reached ¥305,912,086.11, an increase of 16.06% compared to ¥263,682,613.06 in the same period of 2024 [20]. - Net profit for the first three quarters of 2025 was a loss of ¥95,329,150.94, slightly improved from a loss of ¥104,565,670.36 in the same period of 2024 [21]. - The company reported a basic earnings per share of -¥1.16 for the first three quarters of 2025, an improvement from -¥1.27 in 2024 [21]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥58,778,856.30, reflecting improved management of accounts receivable and reduced operating expenses [8]. - Operating cash flow for the first three quarters of 2025 was positive at ¥58,778,856.30, compared to a negative cash flow of ¥94,205,461.32 in 2024 [22]. - Cash inflow from operating activities totaled ¥336,406,975.34, compared to ¥256,499,647.04 in the previous year, marking a growth of 31.19% [22]. - The net cash flow from financing activities was -¥9,654,382.79, worsening from -¥1,759,753.95, indicating a decline of over 450% [23]. - Cash and cash equivalents at the end of the period amounted to ¥248,612,969.61, down from ¥404,973,368.25, a decrease of approximately 39% [23]. - The company reported a cash increase of ¥67,969,950.84 during the period, compared to an increase of ¥188,150,456.68 in the previous period, indicating a decline of about 64% [23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,395,314,631.92, a decrease of 5.64% from the previous year [5]. - The total liabilities increased to ¥126,412,530.19 from ¥115,075,138.24 year-over-year, reflecting a growth of 2.32% [18]. - The total equity attributable to shareholders decreased to ¥1,268,902,101.73 from ¥1,363,661,578.73, a decline of 6.97% [18]. - The company's total assets amounted to ¥1,395,314,631.92, down from ¥1,478,736,716.97 in the previous year [18]. Research and Development - Research and development expenses amounted to ¥23,255,783.56, accounting for 17.67% of operating revenue, a decrease of 11.07 percentage points compared to the previous year [5]. - Research and development expenses for the first three quarters of 2025 were ¥66,086,249.09, a slight increase from ¥65,081,166.13 in 2024 [20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,139, indicating a stable shareholder base [10]. - As of September 30, 2025, the company repurchased 813,407 shares, accounting for 0.98% of the total share capital of 82,929,413 shares, with a total expenditure of RMB 29,313,021.08 [14]. - The company plans to repurchase shares with a total amount not less than RMB 30 million and not exceeding RMB 60 million, with a maximum repurchase price of RMB 52.51 per share [13]. Government Support and Future Plans - The company received government subsidies totaling ¥696,508.76 during the reporting period, contributing to its financial results [6]. - The company plans to continue focusing on market expansion and product development to improve future performance [8]. - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting [24]. Inventory and Current Assets - The company's inventory increased to RMB 315,251,833.34 from RMB 270,307,580.47, reflecting a growth of approximately 16.6% [15]. - The total current assets amounted to RMB 1,312,649,076.57, a decrease from RMB 1,394,192,845.98 as of December 31, 2024 [16]. - The company reported accounts receivable of RMB 155,063,509.54, slightly down from RMB 155,504,849.96 as of December 31, 2024 [15]. - The company’s non-current assets totaled RMB 82,665,555.35, a slight decrease from RMB 84,543,870.99 as of December 31, 2024 [16]. - The company’s short-term borrowings remained stable at RMB 27,000,000.00 compared to RMB 27,014,425.00 as of December 31, 2024 [16]. Investment Activities - Investment activities generated a net cash flow of ¥19,469,907.03, a significant decrease from ¥284,598,896.51 in the previous period, indicating a decline of approximately 93% [23]. - Total cash inflow from investment activities was ¥1,933,318,225.88, compared to ¥2,310,802,344.59, reflecting a decrease of about 16% [23]. - Cash outflow from investment activities totaled ¥1,913,848,318.85, down from ¥2,026,203,448.08, representing a reduction of approximately 6% [23]. - The company experienced a negative impact of ¥624,429.70 from exchange rate fluctuations on cash and cash equivalents [23].

Market Performance - The main board saw significant gains with notable stocks such as Dahua Intelligent (+10.12%), Fangzheng Technology (+10.05%), and Huanxu Electronics (+10.02%) [1] - The ChiNext board led the gains with Kexiang Co. (+20.00%) and Xiangnong Chip (+20.00%) [1] - The Sci-Tech Innovation board also performed well, with Purang Co. (+20.00%) and Shengyi Electronics (+19.99%) [1] - Active sub-industries included SW Communication Network Equipment and Devices (+7.49%) and SW Printed Circuit Boards (+7.06%) [1] Domestic News - Aibang ARAI glasses announced that Lipai Optics completed a new round of financing to enhance the industrialization of AR geometric waveguides [1] - Maxke Electronics signed a strategic cooperation agreement in Zhengzhou for a large silicon wafer project with a total investment of approximately 7 billion yuan [1] - Xiaomi's president responded to pricing issues for the new Redmi K90 series, citing significant increases in memory chip prices affecting manufacturing costs [1] - Lian Micro announced that its 6-inch silicon carbide-based gallium nitride products have passed customer validation and are expected to ship in Q4 2025 [1] Company Announcements - Hand Information reported a revenue of 2.439 billion yuan for the first three quarters of 2025, a year-on-year increase of 3.67%, with a net profit of 145 million yuan, up 6.96% [3] - Hanbo High-tech reported a revenue of 870 million yuan for Q3 2025, a year-on-year increase of 33.34%, with a net profit of 17.66 million yuan, up 153.33% [3] - Kelik reported a revenue of 4.105 billion yuan for the first three quarters of 2025, a year-on-year increase of 24.86%, with a net profit of 232 million yuan, up 52.51% [3] - Jiechuang Intelligent reported a revenue of 599 million yuan for the first three quarters of 2025, a year-on-year increase of 30.73%, with a net profit of 22.77 million yuan, turning from loss to profit [3] International News - Elon Musk announced that Samsung Electronics will participate in the production of Tesla's AI chip "AI5," indicating a shift in production dynamics [2] - TSMC's Japanese subsidiary JASM signed a contract for a new factory in Kumamoto, expected to start operations by the end of 2027, focusing on 6nm process semiconductors [2] - ASML delivered its first lithography machine designed for advanced packaging applications, aimed at addressing the complexities of chip packaging [2] - Google announced a deal with Anthropic to supply up to 1 million AI chips and additional cloud services, valued at several billion dollars [2]

Group 1 - The closing price of Hengshuo Co., Ltd. (688416) on October 24 was 63.08 yuan, marking an increase of 18.08% with a trading volume of 8.31 billion yuan and a turnover rate of 21.19% [2] - The stock was listed on the daily trading list due to its closing price increase of 15% [2] - The top five trading departments accounted for a total transaction amount of 244 million yuan, with a net selling of 11.91 million yuan [2] Group 2 - The main capital inflow for the stock was 43.80 million yuan throughout the day [3] - The largest buying department was CITIC Securities Shanghai Branch, with a purchase amount of 33.25 million yuan, followed by Goldman Sachs (China) Securities with 21.65 million yuan [3] - The selling departments included two institutional proprietary seats, with selling amounts of 29.74 million yuan and 29.48 million yuan respectively, leading to a total net selling of 59.22 million yuan by institutional proprietary seats [3]

Market Overview - The market indices experienced significant gains, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rising by 0.71%, 2.02%, and 3.57% respectively, and over 3,000 stocks rising while more than 2,200 stocks fell [4] - The trading volume approached 2 trillion yuan, indicating increased market activity [4] - The Shanghai Composite Index reached a new high for the year, while the ChiNext Index also returned to near its yearly high [5] Storage Sector - The storage sector opened strongly, with several stocks hitting the daily limit, including Xianggang Technology, Dwei Co., and Purun Co., among others [8] - The flash memory and DRAM sectors saw increases of 8.25% and 7.92% respectively, driven by price hikes from major companies like Samsung and SK Hynix, which raised prices by up to 30% [8] - The surge in the storage sector was also influenced by a significant rise in U.S. storage stocks, particularly SanDisk, which increased by over 13.6% [8] Financial Sector - The financial sector initially lagged behind the market, with no mentions in the recent five-year plan, leading to a perception of underperformance [12] - However, after a statement from a senior financial official emphasizing the importance of high-quality financial development, the sector saw a rebound, with brokerage stocks gaining 0.85% by the end of the day [12] Technology and Robotics - Jinfutech experienced a sharp rise after announcing a collaboration with Shanghai Hanzhi Information Technology and receiving a manufacturing order for humanoid robots [16] - This marked a significant advancement in the company's involvement in the robotics sector, moving beyond mere partnerships to actual manufacturing contracts [16]

Core Points - The Shanghai Composite Index closed at 3950.31 points, above the five-day moving average, with a gain of 0.71% [1] - The total trading volume of A-shares reached 1,991.617 billion yuan [1] - A total of 681 A-shares have prices that surpassed the five-day moving average, indicating positive market momentum [1] Stock Performance Summary - The top three stocks with the highest deviation rates from the five-day moving average are: - Kexiang Co., Ltd. (300903) with a deviation rate of 13.92% and a daily increase of 20.00% [2] - Aerospace Intelligent Equipment (300455) with a deviation rate of 13.15% and a daily increase of 19.98% [2] - Anhui Instrument Technology (688600) with a deviation rate of 10.85% and a daily increase of 14.27% [2] - Other notable stocks include: - Shenkong Co., Ltd. (688233) with a deviation rate of 10.55% and a daily increase of 17.34% [2] - Hengshuo Co., Ltd. (688416) with a deviation rate of 9.57% and a daily increase of 18.08% [2] - Lianyun Technology (688449) with a deviation rate of 9.44% and a daily increase of 13.22% [2]

Core Viewpoint - The semiconductor sector experienced a significant increase of 5.23% on October 24, with leading stocks showing substantial gains, indicating a positive market sentiment in this industry [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3950.31, up 0.71% [1]. - The Shenzhen Component Index closed at 13289.18, up 2.02% [1]. Group 2: Top Gainers in Semiconductor Sector - Pushe Co., Ltd. (688766) closed at 142.87, with a rise of 20.00% and a trading volume of 159,000 shares, totaling a transaction value of 2.149 billion [1]. - Henghui Co., Ltd. (688416) closed at 63.08, increasing by 18.08% with a trading volume of 138,300 shares, amounting to 0.831 billion [1]. - Shenkong Co., Ltd. (688233) closed at 51.30, up 17.34% with a trading volume of 165,500 shares, totaling 0.809 billion [1]. - Jiangbolong (301308) closed at 222.00, rising by 16.73% with a trading volume of 291,600 shares, totaling 6.101 billion [1]. - Huahong Technology (688347) closed at 127.50, up 15.02% with a trading volume of 517,800 shares, totaling 6.329 billion [1]. Group 3: Capital Flow in Semiconductor Sector - The semiconductor sector saw a net inflow of 9.513 billion in main funds, while retail funds experienced a net outflow of 4.028 billion [2]. - Speculative funds had a net outflow of 5.484 billion [2].