证券代码：002281 证券简称：光迅科技 公告编号：（2025）004 武汉光迅科技股份有限公司 关于召开 2025 年第一次临时股东大会的通知 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 武汉光迅科技股份有限公司（以下简称"公司"或"本公司"）董事会决定于 2025 年 4 月 24 日召开公司 2025 年第一次临时股东大会，现将有关事项通知如下： 一、召开会议基本情况： 1、股东大会的届次 本次召开的股东大会为公司 2025 年第一次临时股东大会。 2、会议召集人：公司董事会。 《关于召开 2025 年第一次临时股东大会的议案》已经公司于 2025 年 4 月 8 日召 开的第七届董事会第二十三次会议审议通过。 3、会议召开的合法性、合规性情况：召开本次临时股东大会会议符合《公司法》 《上市公司股东大会规则》等规范性文件和《公司章程》的规定。 4、本次临时股东大会召开日期与时间 现场会议召开时间为：2025 年 4 月 24 日（星期四）下午 14:30。 证券代码：002281 证券简称：光迅科技 公告编号：（2025）004 网络投票时间为：2025 ...

《武汉光迅科技股份有限公司关于召开 2025 年第一次临时股东大会的通知》 详见《证券时报》《中国证券报》《上海证券报》《证券日报》和巨潮资讯网。 特此公告 武汉光迅科技股份有限公司董事会 证券代码：002281 证券简称：光迅科技 公告编号：（2025）003 武汉光迅科技股份有限公司 第七届董事会第二十三次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 武汉光迅科技股份有限公司（以下简称"公司"或"本公司"）第七届董事 会第二十三次会议于 2025 年 4 月 8 日以现场表决的方式召开。本次董事会会议 通知已于 2025 年 4 月 2 日以电子邮件和书面方式发出。本次会议应参加董事 9 名，实际参加董事 9 名。公司监事会 3 名监事和部分高级管理人员列席了本次会 议。会议的召集与召开符合《公司法》和《公司章程》的有关规定。会议由董事 长黄宣泽先生主持。 经与会董事认真审议，以投票表决方式通过了以下决议： 二○二五年四月九日 1 一、 审议通过了《关于制定<自愿性信息披露管理制度>的议案》 有效表决票 9 票，其中同意 9 票，反对 0 票，弃 ...

Industry Rating - The industry investment rating is maintained at "Outperform the Market" [1] Core Viewpoints - CPO technology integrates ASIC chips and optical engines on the same high-speed motherboard, reducing signal attenuation, system power consumption, and costs while achieving high integration, applicable in data centers, high-performance computing, AI, and virtual reality [2] - The CPO market is expected to grow rapidly, with Yole predicting a market size of $2.6 billion by 2033, driven by AI demand and requiring collaboration across the industry chain [2] - Major overseas companies are leading the CPO industry development, with significant advancements from Broadcom, Marvell, TSMC, and NVIDIA [2][3] Summary by Sections 1. CPO Technology and Development Trends - CPO technology addresses bandwidth and power challenges, with a 25%-30% reduction in total power consumption for 51.2T switches compared to traditional solutions [12] - CPO technology offers low power consumption, low latency, high bandwidth, improved system performance, and cost-effectiveness [15] - Silicon photonics is becoming the main path for CPO technology due to its high integration and compatibility with CMOS processes [18] 2. CPO Market Size and Major Drivers - The CPO market is projected to grow at a CAGR of 69% from $600,000 in 2022 to $287 million in 2033, while OIO is expected to grow at a CAGR of 81% from $500,000 to $2.3 billion [31] - Major players in the CPO market include Broadcom, Intel, NVIDIA, and Marvell, with significant contributions from laser manufacturers and silicon photonics foundries [35] 3. CPO Switch Internal Structure - CPO switches consist of key components such as ASIC chips, optical engines, external light sources, and flexible optical backplanes [63] - The optical engine is crucial for optical-electrical conversion, with various packaging methods impacting performance and integration [67] 4. Recommended Companies to Watch - Companies actively involved in CPO technology include: - Zhongji Xuchuang, focusing on high-end optical communication modules and CPO-related products [96] - Xinyi Sheng, leveraging silicon photonics technology for CPO applications [101] - Tianfu Communication, developing multiple projects related to CPO components [106] - Taichuang, specializing in optical communication devices and flexible boards [111] - Yuanjie Technology, providing CW light sources for CPO applications [116] - Shijia Photon, offering components for CPO packaging [121] - Guangxun Technology, launching CPO ELS light source modules [126] - Robotech, focusing on silicon photonics and CPO packaging equipment [131] - Ruijie Network, releasing CPO switches with significant market presence [136]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company's stock incentive plan is beneficial for motivating core personnel, driving future growth momentum. The domestic cloud service providers are experiencing strong capital expenditure (Capex) growth, with Alibaba and Tencent's Capex in Q4 2024 showing triple-digit percentage increases, leading to an explosion in demand for data communication optical modules. The company has a strong competitive position in the domestic data communication market, with sufficient layout in optical chips and silicon photonics [2][4]. Summary by Sections Event Description - On March 25, the company announced a new restricted stock incentive plan, proposing to grant up to 15.07 million shares (1.9% of total share capital) at a price of 28.27 yuan per share. This incentive covers 985 core personnel, including directors, executives, middle management, and technical backbones [4]. Event Commentary - The incentive plan includes performance assessment targets for the release of restricted stock, with compound annual growth rates for net profit set at no less than 6%/7%/8% for 2025/2026/2027, respectively, based on 2023 performance. The targets also require net asset return rates to be no less than 8.9% and new product sales to account for at least 23% of main business revenue [9]. - Domestic cloud service providers are seeing a significant increase in Capex, with Alibaba's Q4 2024 Capex reaching 31.4 billion yuan, a year-on-year increase of 319%, and Tencent's reaching 36.6 billion yuan, a year-on-year increase of 386%. This surge is expected to drive demand for data communication optical modules [9]. - The company holds a strong competitive position in the domestic data communication market, with a global market share of 5.8% in optical devices, ranking fourth globally. The demand for data communication products is expected to surge due to AI-driven growth [9]. Financial Forecast and Investment Recommendations - The company forecasts net profits for 2024-2026 to be 786 million yuan, 1.028 billion yuan, and 1.363 billion yuan, respectively, with year-on-year growth rates of 27%, 31%, and 33%. The corresponding price-to-earnings ratios are projected to be 46x, 35x, and 26x, respectively, justifying the "Buy" rating [9].

光迅科技推股权激励计划 约6折授股覆盖985名员工 为吸引和留住优秀人才，增强员工凝聚力与创造力，光迅科技（002281）(002281.SZ)推出股票激 励计划。 日前，光迅科技发布2025年限制性股票激励计划(草案)，计划向不超过985名符合条件的员工授予 不超过1507万股限制性股票，授予价格为28.27元/股。 3月26日，光迅科技报收46.09元/股。授予价格较公司股票现价打了6.1折。 自2009年上市以来，光迅科技专注深耕光通信领域，至2023年底营收增长超过8倍，市值增长超10 倍。同时，公司积极回报投资者，累计现金分红达14.32亿元，占净利润的比例超过30%。 推出股票激励计划 3月24日晚间，光迅科技发布2025年限制性股票激励计划(草案)，公司拟以28.27元/股的授予价格向 符合授予条件的985名激励对象，授予1507万股限制性股票。 该计划拟授予股份占公司当前股本总额的1.90%。其中，首次授予1357万股，占本次授予总额的 90.05%；预留授予150万股，占比9.95%。 财报显示，光迅科技2024年前三季度实现营业收入53.78亿元，同比增长24.29%；归母净利润为 4.6 ...

证券研究报告 | 公司点评报告 2025 年 03 月 25 日 光迅科技（002281.SZ） 发布 25 年股权激励计划，持续受益于 CSP 客户需求扩张 TMT 及中小盘/通信 事件：2025 年 3 月 24 日晚间，公司发布《2025 年限制性股票激励计划（草案）》， 拟向不超过 985 名对象授予合计不超过 1,507 万股（其中首次授予 1,357 万股， 预留 150 万股），占公司总股本的 1.90%。 ❑发布 25 年股权激励计划（草案），彰显公司中长期发展信心。 授予对象与数量方面：25 年 3 月 24 日晚间，公司发布《2025 年限制性股票 激励计划（草案）》，拟向不超过 985 名激励对象授予限制性股票 1,507 万 股（其中首次授予 1,357 万股，预留授予 150 万股），占公司总股本的 1.90%， 授予价格（包含预留）为 28.27 元/股。 业绩考核要求方面：25 年股权激励计划分三期解锁，1）以公司 23 年业绩为 基数，25/26/27 年扣非归母净利润复合增速不低于 6%/7%/8%，且不低于同 行业平均水平或对标企业 75 分位值，对应 25/26/27 年 ...

光迅科技: 武汉光迅科技股份有限公司第七届监事 会第二十一次会议决议公告 证券代码：002281 证券简称：光迅科技 公告编号：（2025）002 武汉光迅科技股份有限公司 第七届监事会第二十一次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 武汉光迅科技股份有限公司(以下简称"公司"或"本公司")第七届监事会 第二十一次会议于 2025 年 3 月 24 日 15:30 在公司 432 会议室以现场会议方式召 开。本次监事会会议通知已于 2025 年 3 月 18 日发出。会议应到监事 3 人，实到 监事 3 人。会议的召集与召开符合《公司法》和《公司章程》的有关规定。会议 由监事会主席罗锋先生主持。 经与会监事认真审议，以投票表决方式通过了以下决议： 一、 审议通过了《武汉光迅科技股份有限公司 2025 年限制性股票激励计划（草 案）》及其摘要 经审核，公司监事会认为：《武汉光迅科技股份有限公司2025年限制性股票 激励计划（草案）》及其摘要的内容符合《公司法》《证券法》《国有控股上市 公司（境内）实施股权激励试行办法》《关于规范国有控股上市公司实 ...

Core Points - The performance assessment aims to scientifically and dynamically measure the work efficiency and effectiveness of the incentive recipients under the restricted stock incentive plan, enhancing their motivation and improving management and performance to achieve the company's long-term strategic goals [1] - The performance assessment combines quantitative and qualitative indicators, ensuring transparency, fairness, and justice [1] Performance Assessment Framework - The performance assessment is conducted annually, typically after the company's annual report is disclosed, determining the number of shares that can be unlocked based on the assessment results [2] - Different assessment subjects are defined for various levels of personnel, including the board of directors, senior management, and core technical staff, with specific assessment bodies assigned to each [3][4] Assessment Indicators - The assessment indicators are categorized into three main types: strategic management, financial performance, and operational efficiency, with examples including net profit growth rate and customer satisfaction [4][5] - The selection of indicators follows principles of controllability, key relevance, challenge, consistency, and democratic participation in setting goals [6] Scoring and Evaluation - Scoring rules for quantitative indicators are based on performance completion, with scores ranging from 0 to 120, while qualitative indicators and key events also influence the overall score [7] - The overall assessment score is calculated through a weighted average of individual indicator scores, with specific provisions for veto indicators that can nullify other achievements [7] Performance Tracking and Appeals - The company regularly monitors the completion of performance indicators and provides guidance to departments and subsidiaries, ensuring alignment with planned goals [9] - If recipients have objections to their assessment results, they can submit a written appeal to the performance management committee, which will process and respond within specified timeframes [10] Application of Assessment Results - The performance assessment results are specifically applicable to the unlocking of restricted stock under the incentive plan, with different unlocking ratios based on the performance score achieved [16]

武汉光迅科技股份有限公司 2025 年限制性股票激励计划激励对象名单 一、总体情况 | 姓名 | 职务 | 获授的限制性股 | 占授予总 | 占目前总股 | | --- | --- | --- | --- | --- | | | | 票的份额(万股) | 量的比例 | 本的比例 | | 黄宣泽 | 董事长 | 7.50 | 0.50% | 0.01% | | 胡强高 | 董事、总经理 | 7.50 | 0.50% | 0.01% | | 向明 | 董事会秘书,财务总监 | 6.60 | 0.44% | 0.01% | | 卜勤练 | 副总经理 | 6.60 | 0.44% | 0.01% | | 张军 | 副总经理 | 6.60 | 0.44% | 0.01% | | 刘家胜 | 副总经理 | 5.61 | 0.37% | 0.01% | | 何宗涛 | 副总经理 | 5.61 | 0.37% | 0.01% | | 余圆 | 副总经理 | 5.61 | 0.37% | 0.01% | | | 其他相关核心骨干人员（977 人） | 1,305.37 | 86.62% | 1.64% | | | 首次授予部分 ...

二〇二五年三月 2025 年限制性股票激励计划（草案） 证券简称：光迅科技 证券代码：002281 2025 年限制性股票激励计划（草案） 声明 本公司及全体董事、监事保证本计划及其摘要不存在虚假记载、误导性陈述 或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 特别提示 武汉光迅科技股份有限公司 2025 年限制性股票激励计划（草案） 武汉光迅科技股份有限公司 （二）外部董事（包括独立董事）人数应当达到董事会成员的半数以上。薪 1 一、本激励计划依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股权激励管理办法》《国有控股上市公司（境内）实施股权激励试行 办法》（国资发分配[2006]175 号）、《关于规范国有控股上市公司实施股权激 励制度有关问题的通知》（国资发分配[2008]171 号）、《中央企业控股上市公 司实施股权激励工作指引》（国资考分规[2020]178 号）和武汉光迅科技股份有 限公司（以下简称"光迅科技"或"本公司"、"公司"）《公司章程》以及其 他有关法律、法规和规范性文件制定。 二、公司不存在《上市公司股权激励管理办法》第七条规定的不得实行股权 激励的 ...