综上所述，董事会薪酬与考核委员会同意本次符合条件的163名首次授予激 励对象办理归属事宜，对应本次归属的限制性股票数量为176,980股。上述事项 符合相关法律、法规及规范性文件所规定的条件，不存在损害公司及股东利益 的情形。 陕西源杰半导体科技股份有限公司 董事会薪酬与考核委员会关于 2024 年限制性股票激励计划 首次授予第一个归属期激励对象名单的核查意见 陕西源杰半导体科技股份有限公司（以下简称"公司"）董事会薪酬与考 核委员会根据《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》等有关法 律法规和规范性文件及《陕西源杰半导体科技股份有限公司章程》（以下简称 《公司章程》）的规定，对公司2024年限制性股票激励计划（以下简称"本次激 励计划"）首次授予第一个归属期激励对象名单进行了核查，现发表核查意见 如下： 公司2024年限制性股票激励计划首次授予第一个归属期163名激励对象符合 ...

证券代码：688498 证券简称：源杰科技 公告编号：2025-061 陕西源杰半导体科技股份有限公司 第二届董事会第二十二次会议决议公告 本议案已经公司第二届董事会薪酬与考核委员会 2025 年第六次会议审议通 过。 1 表决结果：3 票同意，0 票反对，0 票弃权，表决通过。ZHANG XINGANG 先生、 秦卫星先生、张欣颖女士、程硕先生、王昱玺先生为本议案关联董事，在审议本 议案时回避表决。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的 《陕西源杰半导体科技股份有限公司关于调整 2024 年限制性股票激励计划授予 价格及作废处理部分限制性股票的公告》。 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。 一、董事会会议召开情况 陕西源杰半导体科技股份有限公司（以下简称"公司"）第二届董事会第二 十二次会议于 2025 年 9 月 19 日在公司会议室以现场结合通讯方式召开。本次会 议通知以口头形式发出，全体董事一致同意豁免本次会议的通知时限。应到会董 事 8 名，实到会董事 8 名 ...

2025年9月19日，陕西源杰半导体科技股份有限公司召开第二届董事会第二十二次会议，审议通过调整 2024年限制性股票激励计划授予价格及作废处理部分限制性股票等议案。因2024年年度、2025年半年度 权益分派方案实施完毕，授予价格由65.96元/股调整为65.56元/股。此外，因10名激励对象离职、3名激 励对象自愿放弃，作废已获授但尚未归属的限制性股票14,950股。董事会薪酬与考核委员会及法律意见 书均认为相关调整和作废符合规定，且对公司财务、经营及团队稳定性无实质影响。 ...

Core Insights - The financing balance of the Sci-Tech Innovation Board increased by 678 million yuan compared to the previous day, marking a continuous increase for 10 trading days [1] - A total of 473 stocks on the Sci-Tech Innovation Board have a financing balance exceeding 100 million yuan, with 37 stocks having a balance over 1 billion yuan [1] - The stocks with the highest net financing purchases include DeKeLi, HanWuJi, and YuanJie Technology, with net purchases of 1.81 billion yuan, 1.58 billion yuan, and 1.23 billion yuan respectively [2] Financing Balance Summary - As of September 18, the total margin financing balance on the Sci-Tech Innovation Board reached 245.863 billion yuan, with a financing balance of 245.058 billion yuan [1] - 260 stocks saw an increase in financing balance compared to the previous day, with 98 stocks having net purchases exceeding 10 million yuan [1] - The stocks with the largest decreases in financing balance include TuoJing Technology, ZhongWei Company, and FuDan Microelectronics, with decreases of 85.1397 million yuan, 78.8169 million yuan, and 78.6506 million yuan respectively [1] Stock Performance - DeKeLi had the highest net financing purchase amount, with a latest financing balance of 815.0858 million yuan, increasing by 181.4055 million yuan and experiencing a daily increase of 20% [2] - The average increase for stocks with net purchases exceeding 50 million yuan was 5.57%, with DeKeLi and HuaFeng Technology both rising by 20% [2] - The highest financing balance as a percentage of market capitalization was for SaiWei Microelectronics, with a financing balance of 450 million yuan, accounting for 9.67% of its market cap [2]

Group 1 - The CPO concept is experiencing a resurgence, with significant stock price increases observed in several companies [1] - Dekoli and Guangku Technology both reached a 20% limit up, indicating strong market interest and investor confidence [1] - Lingyun Optics saw an increase of over 10%, while other companies such as Tengjing Technology, Yuanjie Technology, Changfei Optical Fiber, Changxin Bochuang, and Robot Technology also experienced gains [1]

Core Viewpoint - Yuanjie Technology (688498.SH) is implementing a stock incentive plan to attract and retain key personnel, with the first grant of restricted stocks priced at 149.09 yuan per share, which is 50% of the average trading price prior to the announcement [1][4][5]. Group 1: Stock Incentive Plan - The company disclosed a plan to grant 507,600 restricted stocks to 324 key employees, which is part of a broader incentive plan announced on August 29, 2025 [1][3]. - The stock incentive plan aims to enhance team cohesion and core competitiveness, with 80% of the stocks being granted in the first round [3]. - The stock price for the incentive is set at 149.09 yuan, significantly lower than the previous trading average of 298.17 yuan [4]. Group 2: Company Performance - In the first half of 2025, Yuanjie Technology reported revenues exceeding 200 million yuan, marking a year-on-year growth of approximately 70% [1][10]. - The net profit attributable to shareholders reached 46.26 million yuan, reflecting a year-on-year increase of 330.31% [10]. - The company has seen substantial growth in its high-margin data center business, driven by demand in artificial intelligence applications [10]. Group 3: Market Performance - Since the low point on April 9, 2025, Yuanjie Technology's stock price has surged approximately 3.3 times [2][11]. - The stock price increased from a low of 88 yuan to a high of 388 yuan by September 17, 2025, indicating a maximum increase of 3.41 times [11]. Group 4: Wealth Creation for Executives - Several executives have accumulated significant wealth due to stock ownership, with three executives each holding stocks valued at over 100 million yuan as of June 30, 2025 [7][10]. - The stock ownership structure includes direct and indirect holdings through an employee stock ownership platform, further enhancing the wealth of key personnel [9][10].

Investment Rating - The report maintains an "Overweight" rating for the communication industry [5]. Core Insights - The communication industry experienced steady revenue growth and accelerated profitability in H1 2025, with total revenue reaching 1,785 billion yuan, a year-on-year increase of 10.07%, and net profit attributable to shareholders at 160.43 billion yuan, up 11.26% year-on-year [2][8]. - In Q2 2025, the industry continued to show robust growth, with revenue of 942.48 billion yuan, reflecting a year-on-year increase of 10.91%, and net profit attributable to shareholders of 98.68 billion yuan, up 12.33% year-on-year [11]. - Key sectors such as optical modules, communication PCBs, network equipment manufacturers, and IoT modules demonstrated strong performance, ranking among the top five in revenue and net profit growth rates [14][16]. Summary by Sections 1. H1 2025 Performance Overview - The communication industry achieved total revenue of 1,785 billion yuan in H1 2025, with a year-on-year growth of 10.07%, and net profit attributable to shareholders of 160.43 billion yuan, up 11.26% year-on-year [2][8]. 2. AI Industry Chain Investment - Overseas cloud vendors are expected to maintain optimistic growth in capital expenditures, with a total of 95 billion USD in Q2 2025, marking an increase of 82.96% year-on-year [22]. - Major companies like Apple and Meta are significantly increasing their investments in AI infrastructure, indicating a robust outlook for the AI industry chain [22][24]. 3. Sector Performance Changes - The optical module and device sector reported revenue of 479.88 billion yuan in H1 2025, with a year-on-year increase of 64.88%, and net profit of 108.76 billion yuan, up 111.99% year-on-year [31]. - The communication PCB sector achieved revenue of 572.49 billion yuan in H1 2025, reflecting a year-on-year growth of 37.66%, and net profit of 80.58 billion yuan, up 80.79% year-on-year [36]. - The network equipment sector generated revenue of 5,071.11 billion yuan in H1 2025, with a year-on-year increase of 28.86%, and net profit of 191.84 billion yuan, up 19.57% year-on-year [40]. 4. Telecom Operators' Performance - The basic telecom operators' sector reported revenue of 10,133.93 billion yuan in H1 2025, a slight increase of 0.33% year-on-year, with net profit of 1,136.01 billion yuan, up 5.14% year-on-year [54]. - China Mobile's total connections reached 3.815 billion, with a net increase of 145 million, and its digital transformation revenue grew by 6.6% year-on-year [55].

Group 1 - The core viewpoint of the news is the performance and financial metrics of Yuanjie Technology, which saw a stock price increase of 5.06% to 387.89 CNY per share, with a trading volume of 1.194 billion CNY and a turnover rate of 5.29%, resulting in a total market capitalization of 33.338 billion CNY [1] - Yuanjie Technology, established on January 28, 2013, and listed on December 21, 2022, specializes in the research, design, production, and sales of optical chips [1] - The company's main business revenue composition includes 51.04% from data center and other sectors, and 48.73% from the telecommunications market, with only 0.23% from technical services and others [1] Group 2 - From the perspective of fund holdings, Yuanjie Technology is the top holding of a fund under Southern Fund, specifically the Southern Big Data 300 Index A (001420), which held 16,800 shares in the second quarter, accounting for 1.24% of the fund's net value [2] - The Southern Big Data 300 Index A (001420) has a current scale of 217 million CNY and has achieved a return of 37.81% year-to-date, ranking 1046 out of 4222 in its category [2] - The fund manager, Jie Rui, has been in position for 3 years and 213 days, with a total asset scale of 2.012 billion CNY, achieving a best return of 21.69% and a worst return of -0.01% during his tenure [2]

Group 1 - The core viewpoint of the news is that Yuanjie Technology has seen a significant stock price increase of 5.06%, reaching 387.89 CNY per share, with a trading volume of 1.194 billion CNY and a turnover rate of 5.29%, resulting in a total market capitalization of 33.338 billion CNY [1] - Yuanjie Technology, established on January 28, 2013, and listed on December 21, 2022, specializes in the research, design, production, and sales of optical chips. The main business revenue composition is 51.04% from data center and other sectors, and 48.73% from the telecommunications market, with technical services and others contributing 0.23% [1] Group 2 - From the perspective of fund holdings, Huatai-PB Fund has a significant position in Yuanjie Technology, with its Huatai-PB Value Growth Mixed A Fund (460005) holding 74,800 shares, accounting for 2.08% of the fund's net value, making it the fourth-largest holding. The estimated floating profit today is approximately 1.3981 million CNY [2] - The Huatai-PB Value Growth Mixed A Fund (460005) was established on July 16, 2008, with a latest scale of 672 million CNY. Year-to-date returns are 45.5%, ranking 1146 out of 8172 in its category, while the one-year return is 83.55%, ranking 988 out of 7980. Since inception, the fund has achieved a return of 751.19% [2]

国泰海通证券股份有限公司 关于陕西源杰半导体科技股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐机构名称：国泰海通证券股份有限公司 | 被保荐公司简称：源杰科技 | | --- | --- | | 保荐代表人姓名：李冬、吴同欣 | 被保荐公司代码：688498 | 经中国证券监督管理委员会《关于同意陕西源杰半导体科技股份有限公司首 次公开发行股票注册的批复》（证监许可[2022]2638 号）批复，陕西源杰半导体 科技股份有限公司（以下简称"源杰科技"或"公司"）首次公开发行股票 1,500.00 万股，每股面值人民币 1 元，发行价为每股 100.66 元，募集资金总额为人民币 150,990.00 万元，扣除不含税的发行费用 13,122.27 万元，公司实际募集资金净 额为 137,867.73 万元。本次发行证券已于 2022 年 12 月 21 日在上海证券交易所 上市。国泰海通证券股份有限公司（以下简称"保荐机构"或"国泰海通"）担 任其持续督导保荐机构，持续督导期间为 2022 年 12 月 21 日至 2025 年 12 月 31 日。 在 2025 年 1 月 1 日至 2025 ...