一、 召开会议的基本情况 证券代码：688416 证券简称：恒烁股份 公告编号：2025-046 恒烁半导体（合肥）股份有限公司 关于召开2025年第三次临时股东会的通知 本公司董事会及全体董事保证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： （一） 股东会类型和届次 2025年第三次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 10 月 16 日 14 点 30 分 召开地点：恒烁半导体（合肥）股份有限公司（合肥市庐阳区天水路与太和 路交口西北庐阳中科大校友企业创新园 11 号楼）会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 10 月 16 日 至2025 年 10 月 16 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9: ...

证券代码：688416 证券简称：恒烁股份 公告编号：2025-044 一、董事会会议召开情况 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 十一次会议于 2025 年 9 月 24 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 9 月 19 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 恒烁半导体（合肥）股份有限公司 第二届董事会第十一次会议决议公告 （一）审议通过《关于<公司 2025 年限制性股票激励计划（草案）>及其摘 要的议案》 董事会认为：公司拟定的《公司 2025 年限制性股票激励计划（草案）》及其 摘要有利于建立、健全长效激励约束机制，吸引和留住优秀人才，充分调动公司 员工的积极性，有效地将股东利益、公司利益和员工个人利益结合在一起，使各 方共同关注公司的长远发展，确保公司发展战略和经营目标的实现。在充分保障 股东利益的前提 ...

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 2025 年限制性股票激励计划相关事项的核查意见 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》"）、《科创板上市公司自律监管指南第 4 号——股权激 励信息披露》（以下简称"《监管指南 4 号》"）等相关法律、法规及规范性文 件和《恒烁半导体（合肥）股份有限公司章程》（以下简称"《公司章程》"） 的规定，对《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）》（以下简称"《激励计划（草案）》"或"本次激励计划"）进行了核查， 发表核查意见如下： 1、公司不存在《管理办法》等法律、法规规定的禁止实施股权激励计划的 情形，包括： （1）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （2）最近一个会计年度财务报告内部控制被注册会计师出具 ...

每经AI快讯，恒烁股份（SH 688416，收盘价：49.37元）9月24日晚间发布公告称，公司第二届第十一 次董事会会议于2025年9月24日在公司会议室以现场结合通讯的方式召开。会议审议了《关于提请股东 会授权董事会办理公司2025年限制性股票激励计划有关事项的议案》等文件。 每经头条（nbdtoutiao）——"9·24"一周年，A股总市值破116万亿元！四大变革重塑中国资本市场新生 态 （记者 王瀚黎） 截至发稿，恒烁股份市值为41亿元。 2024年1至12月份，恒烁股份的营业收入构成为：集成电路占比99.91%，其他业务占比0.09%。 ...

格隆汇9月24日丨恒烁股份(688416.SH)公布2025年限制性股票激励计划，公司2025年限制性股票激励计 划拟向激励对象授予限制性股票107.9万股，约占本次激励计划草案公告时公司总股本的1.30%。本次授 予为一次性授予，无预留权益。 ...

Core Viewpoint - Hengshuo Co., Ltd. (688416.SH) has a diverse product portfolio including NOR Flash memory chips, general-purpose 32-bit MCU chips based on Arm® Cortex®-M0+ architecture, AI chip business (general AI SoC chips, AI algorithm models, and AI module boards), and large-capacity storage module products [1] Product Overview - The main products of the company include: - NOR Flash memory chips - General-purpose 32-bit MCU chips based on Arm® Cortex®-M0+ architecture - AI chips, which consist of general AI SoC chips, AI algorithm models, and AI module boards - Large-capacity storage module products such as SPI NAND, SD NAND, PPI NAND, eMMC, and DRAM [1] Application Fields - The primary application areas for the company's products are in consumer electronics and industrial control sectors [1] - The company's DDR4 modules have not yet been applied in cloud computing power [1]

Group 1 - The storage industry is currently experiencing a favorable trend driven by the AI wave, leading to a restructuring of supply and demand [1] - The ongoing changes in the industry are characterized as structural changes driven by technological innovation, indicating strong sustainability [1] - The company's main products include large-capacity storage module products, such as NAND Flash and DRAM, with a steady increase in shipment volume expected to contribute positively to the company's performance [1]

Market Overview - The global NOR Flash market revenue is expected to exceed $2.6 billion by 2025, with applications divided into four main categories: PC (approximately 13%), automotive (approximately 21%), industrial (approximately 27%), and consumer (over 30%) [2] - Emerging consumer applications, including AI headphones, glasses, and toys, show significant demand growth, making them the most prosperous sector [2] - AI server shipments have increased significantly, with strong price support, while demand for AI PCs, automotive electronics, and industrial sectors (non-AI server) has also risen considerably [2] Competitive Landscape - Domestic AI server manufacturers are shifting from "copying" to self-replacement, with an expected replacement share of around 20% this year, indicating a clear trend of replacing Taiwanese manufacturers [2] - This shift presents new market opportunities for A-share storage chip manufacturers such as Zhaoyi Innovation, Beijing Junzheng, Fudan Microelectronics, Dongxin Co., Puran Co., Jucheng Co., and Hengsuo Co. [2] R&D Investment - Zhaoyi Innovation leads in R&D investment with 567.68 million yuan, followed by Fudan Microelectronics with 508.61 million yuan, and Beijing Junzheng with 348.28 million yuan [5] - In terms of R&D expenses as a percentage of revenue, Dongxin Co. ranks first at 30.74%, followed by Fudan Microelectronics at 27.66%, and Hengsuo Co. at 24.58% [7] R&D Personnel - Zhaoyi Innovation has the highest number of R&D personnel at 1,481, followed by Fudan Microelectronics with 1,113, and Beijing Junzheng with 760 [8] Product Development - Zhaoyi Innovation has a diverse product matrix including NOR Flash, SLC NAND Flash, and niche DRAM, covering various applications in consumer electronics, industrial, communications, and automotive sectors [9] - The company launched a dual-voltage supply SPI NOR Flash product for 1.2V SoC applications, enhancing its strategic layout in embedded storage solutions [10] - Beijing Junzheng's storage chip categories include SRAM, DRAM, and Flash, with a strong presence in automotive and industrial markets [11] - Fudan Microelectronics has a comprehensive product layout in non-volatile memory, with new SONOS platform products entering mass production [12] - Puran Co. offers a full range of EEPROM and NOR Flash products, catering to various applications including smartphones and AI devices [13] - Hengsuo Co. is expanding its product line to include DRAM memory products and has launched DDR4 products in 2025 [15] - Dongxin Co. has achieved mass production of its 1xnm flash memory products and is continuously optimizing its design and process [16]

Industry Overview - The storage chip market, particularly NOR Flash, is experiencing rapid growth driven by advancements in technologies such as artificial intelligence and the Internet of Things, despite a lackluster performance last year due to supply and demand factors [2] - In the first half of this year, the market showed signs of recovery with significant inventory reduction and gradual demand restoration, particularly in industrial markets and supported by long-term demand from AI and high-performance computing [2] - Starting from the third quarter, overall storage demand is rebounding, with prices showing an upward trend, indicating a positive outlook for the second half of the year [2] Company Performance - In the first half of the year, the revenue rankings among storage chip manufacturers are as follows: Zhaoyi Innovation (4150.31 million), Beijing Junzheng (2249.11 million), Fudan Microelectronics (1838.85 million), Puran Co. (906.70 million), Jucheng Co. (574.86 million), Dongxin Co. (342.99 million), and Hengshuo Co. (174.28 million) [3] - Zhaoyi Innovation leads in net profit with 575.48 million, followed by Jucheng Co. (205.15 million) and Beijing Junzheng (203.12 million), while Dongxin Co. and Hengshuo Co. reported losses of 110.97 million and 70.78 million respectively [4] - In terms of gross margin, Jucheng Co. has the highest at 60.25%, followed by Fudan Microelectronics at 56.80%, and Zhaoyi Innovation at 37.21% [5] Inventory Management - Fudan Microelectronics holds the highest inventory at 3088.98 million, followed by Beijing Junzheng (2773.43 million) and Zhaoyi Innovation (2400.65 million) [6] - Inventory turnover days are highest for Fudan Microelectronics at 705 days, with Dongxin Co. at 596 days and Hengshuo Co. at 355.66 days, while Zhaoyi Innovation has the lowest at 163.95 days [7] - In terms of inventory impairment provisions, Fudan Microelectronics has the highest at 548.26 million, followed by Zhaoyi Innovation (287.39 million) and Beijing Junzheng (263.53 million) [7]

Group 1 - The A-share market for storage chip stocks has strengthened, with Jiangbolong rising over 16%, Demingli and Dawi shares hitting the 10% limit, and several other companies experiencing gains of over 5% [1] - Micron has notified channels of a price increase of 20%-30% for storage products, while Samsung has informed major clients of a projected price increase of 15%-30% for DRAM products in Q4 [1] - North American internet giants are seeing revenue and profit exceed expectations this year, driven by the expanding scale of AI usage and rapid penetration of AI applications [1] Group 2 - Research institutions believe that the price increases from SanDisk, Micron, and Samsung indicate an unexpected surge in the storage market, countering previous concerns about price pressure in Q1 2026 [1] - Current demand from data centers remains strong, with high-end product capacity utilization at full, and limited new capacity being added by NAND manufacturers [1] - Northeast Securities states that the global storage industry is undergoing a historic transition from cyclical fluctuations to technology-driven growth, with the price surge confirming an industry turning point [1] Group 3 - The following companies have shown significant stock performance: - Jiangbolong: +16.42%, market cap 55.6 billion, YTD increase 54.31% - Demingli: +10.00%, market cap 32 billion, YTD increase 126.94% - Dawi shares: +9.99%, market cap 4.467 billion, YTD increase 38.88% - Wanrun Technology: +6.93%, market cap 12.4 billion, YTD increase 20.86% - Pulang shares: +6.47%, market cap 16.1 billion, YTD increase 51.27% - Lianyun Technology: +6.19%, market cap 24 billion, YTD increase 27.72% - Shannon Chip: +6.00%, market cap 37.1 billion, YTD increase 181.47% - Baiwei Storage: +5.51%, market cap 38.3 billion, YTD increase 32.53% - Hengsuo shares: +5.20%, market cap 3.96 billion, YTD increase 22.44% [2]