Group 1 - The Shanghai Stock Exchange has officially released the "Self-Regulatory Guidelines for Listed Companies on the Sci-Tech Innovation Board No. 5 - Sci-Tech Growth Tier," enhancing the inclusiveness and adaptability of the Sci-Tech Innovation Board to better serve technological innovation and new productivity development [1][2] - The new policies are expected to guide capital towards national strategic needs, promoting a virtuous cycle of "technology-industry-finance" and solidifying the foundation for new productivity development [1][2] - The establishment of the Sci-Tech Growth Tier targets high-potential companies that have not yet reached profitability, providing them with a dedicated capital channel to accelerate core technology breakthroughs and industrialization processes [2][5] Group 2 - The reforms are anticipated to significantly enhance the attractiveness of the Sci-Tech Innovation Board for quality companies and long-term capital, providing more precise funding support and resource allocation for technological innovation enterprises [4] - The introduction of the "1+6" policy is seen as a major upgrade to the Sci-Tech Innovation Board's system, improving its inclusiveness for long-cycle, high-investment fields such as artificial intelligence and innovative pharmaceuticals [5] - Recent data indicates that nearly 86% of listed companies on the Sci-Tech Innovation Board have received support from private equity and venture capital, reflecting a shift in investment focus towards hard technology [5]

Group 1 - Foreign institutions conducted a total of 4,766 research visits to A-share companies in the first half of 2025, with over 1,000 visits to companies on the Shenzhen Main Board, ChiNext, and STAR Market [2][3] - Huichuan Technology was the most favored A-share company, receiving 485 visits from foreign institutions, followed by Mindray Medical with 299 visits [3] - Point72, a prominent hedge fund, led the research visits with 116 in the first half of 2025, focusing on 84 companies including Huichuan Technology, Xiaogoods City, and Aopute [3] Group 2 - Multiple foreign institutions hold an optimistic view on the performance of A-shares in the second half of 2025, citing strong market resilience and increased confidence in Chinese assets [3][4] - Morgan Stanley Fund believes that the current external environment does not pose substantial pressure on A-shares, viewing short-term disturbances as manageable [4] - Invesco's CIO for mainland China and Hong Kong anticipates the continuation and expansion of the "old for new" consumption policy, which is expected to drive economic growth in the coming months [4]

Core Insights - The Sci-Tech Innovation Board (STAR Market) serves not only as a financing platform but also as an innovation accelerator, significantly enhancing the technological autonomy and innovation capabilities of high-end equipment manufacturing companies in China [1][2]. Industry Overview - The high-end equipment manufacturing industry is crucial for national strength, supporting the development of new productive forces and a modern industrial system. The STAR Market has attracted over 100 high-end equipment manufacturing enterprises, covering key sectors such as industrial robots, laser processing, and automation control systems [1][2]. - The release of the "Eight Measures for Deepening STAR Market Reform" aims to support companies in the high-end equipment sector in their transition towards new productive forces, leading to 20 disclosed industrial acquisitions since the announcement [1][6]. Company Developments - Companies like Kede CNC have maintained growth in revenue and are focusing on strategic upgrades and technological innovations, achieving significant applications in aerospace and high-end industrial equipment [2]. - Zhongkong Technology has transformed from a control system company to an industrial AI platform, enhancing its core technologies and establishing a complete AI ecosystem since its listing on the STAR Market [3][5]. - Nanfang Technology, a leader in smart grid equipment, has established a national manufacturing innovation center and received multiple awards for its technological advancements [4]. Mergers and Acquisitions - The STAR Market has facilitated strategic investments and mergers, allowing companies to enhance their technological capabilities and achieve industry consolidation. For instance, Zhongkong Technology's acquisition of Hobré International's core assets has significantly strengthened its position in high-end process analysis instruments [5][6]. - The trend of mergers and acquisitions is evident, with companies like Zhongrun Optics actively engaging in strategic acquisitions to enhance their technological and product capabilities [6]. Market Trends - Nearly 70% of high-end equipment manufacturing companies on the STAR Market are participating in initiatives aimed at improving quality and efficiency, reflecting a growing awareness of high-quality development and investor returns [6]. - The STAR Market is seen as a transformative force for companies, enabling them to focus on innovation, long-term R&D investments, and global technology integration, thereby positioning them as key players in the global "hard technology" landscape [6].

Group 1 - As of June 30, 2025, a total of 163 public fund institutions conducted research on 1,943 A-share listed companies, with a total of 40,093 research instances [1] - Public fund institutions are able to gain deeper insights into companies' operational conditions, development strategies, and industry positions through research, aiding in more accurate assessments of future profitability and growth potential [1] - There were 233 stocks that received at least 50 instances of research, with 189 stocks receiving between 50 to 99 instances, 41 stocks receiving between 100 to 199 instances, and 3 stocks receiving over 200 instances [1] Group 2 - The electronic industry led with a total of 7,376 research instances across 229 stocks, significantly outperforming other industries [2] - The pharmaceutical and biological industry and the mechanical equipment industry ranked second and third, with 5,150 and 4,958 research instances respectively [2] - The electronic industry is experiencing significant development opportunities driven by the acceleration of emerging technologies such as artificial intelligence, IoT, and 5G, supported by government policies [2] Group 3 - Other industries with high research frequency include computer, electric equipment, basic chemicals, automotive, telecommunications, national defense, and textile and apparel [3] - A total of 113 public fund institutions conducted more than 100 research instances, with leading institutions like Bosera Fund and Huaxia Fund conducting 971 and 870 instances respectively [3] - Public fund institutions are increasing research efforts to identify potential investment targets by focusing on technological barriers, industry synergy potential, and sustainable development capabilities [3]

Core Viewpoint - The company is undergoing a strategic transition towards industrial AI, which may temporarily impact short-term performance but is expected to lead to significant growth opportunities in the future [2][3]. Group 1: Financial Performance - As of June 27, 2025, the company's stock closed at 44.38 yuan, with a slight increase of 0.02% and a turnover rate of 0.82%, indicating stable trading activity [1]. - The company experienced a net outflow of 10.49 million yuan from main funds on June 27, accounting for 3.68% of the total transaction volume [4]. Group 2: Strategic Direction - The company is actively participating in the global transformation towards advanced manufacturing automation, digitalization, and intelligence, focusing on identifying new growth points and customer demands [2]. - The company is committed to increasing its investment in AI technology research and development to create core industrial AI products, despite facing short-term performance pressures [3]. Group 3: Market Sentiment - The company maintains a positive outlook on its core competitiveness and industry leadership, emphasizing that short-term fluctuations will not alter its long-term growth trajectory [3].

Group 1 - The core viewpoint of the announcement is the verification of the list of eligible participants for the third vesting period of the 2021 restricted stock incentive plan by the Supervisory Board of Zhongkong Technology Co., Ltd [1] - A total of 90 incentive participants are disqualified due to resignation, changes in control of subsidiaries, and other reasons [1] - Nine participants received a performance assessment of "C" for 2024, resulting in a 0% vesting ratio for this period, thus not meeting the vesting conditions [1] - The Supervisory Board verified that the performance assessment results for the remaining 793 participants are compliant and genuine, confirming that the substantive conditions for vesting have been met [1] - The Supervisory Board approved the vesting for the 793 eligible participants, corresponding to a total of 598,271 restricted shares [1] - All matters comply with relevant laws, regulations, and normative documents, with no harm to the interests of the company and its shareholders [1]

证券代码：688777 证券简称：中控技术 公告编号：2025-023 中控技术股份有限公司 第六届监事会第十二次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 中控技术股份有限公司（以下简称"公司"）第六届监事会第六次会议于 日以邮件的方式送达各位监事。本次会议应出席监事 3 人，实际出席监事 3 人。 本次会议由监事会主席梁翘楚先生主持。会议召开符合有关法律、法规、 规章和《中控技术股份有限公司章程》的规定。出席会议的监事对各项议案进 行了认真审议并做出了如下决议： 二、监事会会议审议情况 （一）审议通过《关于 2021 年限制性股票激励计划第三个归属期归属条 件成就的议案》 经审议，监事会认为根据《浙江中控技术股份有限公司 2021 年限制性股 票激励计划（草案）》和《浙江中控技术股份有限公司 2021 年限制性股票激 励计划实施考核管理办法》的规定，监事会审核了各项归属条件，并审核了拟 归属股份的全体激励对象，认为公司本次激励计划第三个归属期的归属条件已 经成就，本次符合归属条 ...

证券代码：688777 证券简称：中控技术 公告编号：2025-023 中控技术股份有限公司 第六届监事会第十二次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 中控技术股份有限公司（以下简称"公司"）第六届监事会第六次会议于 2025 年 6 月 20 日（星期五）以通讯的方式召开。会议通知已于 2025 年 6 月 15 日以邮件的方式送达各位监事。本次会议应出席监事 3 人，实际出席监事 3 人。 本次会议由监事会主席梁翘楚先生主持。会议召开符合有关法律、法规、 规章和《中控技术股份有限公司章程》的规定。出席会议的监事对各项议案进 行了认真审议并做出了如下决议： 二、监事会会议审议情况 表决结果：3 票同意，0 票反对，0 票弃权。 （二）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》 1 经审议，监事会认为公司已于 2025 年 5 月 24 日披露了《2024 年年度权益 分派实施公告》，鉴于公司 2024 年年度利润分配方案已实施完毕，根据《浙 江中控技 ...

证券代码：688777 证券简称：中控技术 公告编号：2025-022 中控技术股份有限公司 （一）审议通过《关于 2021 年限制性股票激励计划第三个归属期归属条件 成就的议案》 经审议，董事会认为根据《浙江中控技术股份有限公司 2021 年限制性股票 激励计划（草案）》和《浙江中控技术股份有限公司 2021 年限制性股票激励计划 实施考核管理办法》的规定，公司 2021 年限制性股票激励计划第三个归属期规 定的归属条件已经成就，本次可归属数量为 59.8271 万股，董事会同意公司按照 激励计划的相关规定为符合条件的激励对象办理归属相关事宜。 具体内容详见本公司同日于上海证券交易所网站（www.sse.com.cn）及指定 媒体披露的《中控技术股份有限公司关于 2021 年限制性股票激励计划第三个归 属期归属条件成就的公告》（公告编号：2025-019）。 表决结果：7 票同意，0 票反对，0 票弃权。 本议案已经公司第六届董事会薪酬与考核委员会第八次会议审议通过。 第六届董事会第十三次会议决议公告 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 ...

中控技术股份有限公司监事会 关于 2021 年限制性股票激励计划 第三个归属期归属名单的核查意见 中控技术股份有限公司（以下简称"公司"）监事会依据《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》"）等相关法律、法规及规范 性文件和《中控技术股份有限公司章程》（以下简称"《公司章程》"）的有关规定， 对公司 2021 年限制性股票激励计划（以下简称"本次激励计划"）第三个归属期 符合归属条件的激励对象名单进行审核，发表核查意见如下： 公司本次激励计划中 90 名激励对象因离职、所在子公司控制权变更及其他 情况，已不具备激励对象资格；9 名激励对象因 2024 年个人绩效考核结果为"C"， 本期个人层面归属比例为 0%，不符合第三个归属期归属条件。除上述情况之外， 监事会对公司本次激励计划第三个归属期拟归属的 793 名激励对象进行了核查， 认为各激励对象绩效考核结果合规、真实，不存在虚假、故意隐瞒等相关情况， 本次激励计划的 793 ...