Group 1 - The aerospace industry is experiencing growth due to escalating geopolitical conflicts and increasing global military expenditures, with China's military enterprises gaining technological advantages in drones, fighter jets, and missiles [1] - China's share in the global military trade is currently small, but there is significant potential for growth as Chinese weaponry gains recognition in international markets for its high performance and cost-effectiveness [1] - The aerospace sector is identified as a core beneficiary of these trends, with the potential to expand its market space significantly [1] Group 2 - Aerospace ETFs, specifically the Aerospace ETF (159227) and Aerospace ETF Tianhong (159241), saw increases of 1.46% and 1.45% respectively, with the former having a larger scale of 229 million units and a half-day trading volume of 33.5855 million yuan [2] - The National Aerospace Index (code CN5082) consists of 50 stocks selected based on free float market capitalization, ensuring a representative and flexible index that reflects the overall performance of the aerospace sector [2] - The index is weighted by free float market capitalization, with a maximum weight of 15% for any single stock, balancing the influence of large-cap core companies with opportunities for smaller growth firms [2] Group 3 - Key stocks in the National Aerospace Index include: - Guoke Technology (002625) with a weight of 10.84% - Aero Engine Corporation of China (600893) with a weight of 8.49% - AVIC Shenyang Aircraft Corporation (600760) with a weight of 7.41% - AVIC Xi'an Aircraft Industry Group (000768) with a weight of 5.72% [3] - Other notable stocks include AVIC Aircraft Company (600372), Aerospace Electronic Equipment (600879), and China Satellite Communications (600118), each contributing to the index's overall performance [3]

Group 1: Company Overview and Strategic Positioning - The company specializes in metamaterials technology, which has applications beyond aerospace and military sectors, including new materials and electronic consumer products [4][5] - The company has established a comprehensive platform for large-scale production of metamaterials, supported by eight subsidiaries covering the entire industry chain [2][4] - The company is currently the only entity in China that has achieved large-scale application of metamaterials technology in the high-end equipment sector [4] Group 2: Production Capacity and Expansion Plans - The 905 and 906 bases are designed to enhance the production efficiency of midstream components, allowing the Shunde base to focus more on downstream structural components [2] - The 709 base's second phase began construction two years ago and is expected to significantly increase production capacity across the entire supply chain [2][3] - The company has completed the third phase of expansion at the upstream raw materials production base in Luoyang, which will further boost output as the 905 and 906 bases come online [2] Group 3: Financial Performance and Profitability - The company's products maintain a good profitability level, with a focus on sustainable industry development and collaboration with other companies in the supply chain [4] - Cost optimization efforts and the establishment of new bases are expected to enhance the self-supply rate of raw materials and amplify economies of scale [4] Group 4: Market Dynamics and Growth Drivers - The aerospace sector's unique strategic requirements necessitate continuous high investment in new equipment and technology upgrades, which supports sustained growth in this field [5] - Historical data indicates that investment in aerospace has consistently increased in both China and the United States, providing a favorable environment for the company's growth [5] - The core growth logic of the company is tied to the expansion of the aerospace equipment industry and the increasing importance of integrated structural and functional solutions based on metamaterials technology [5]

Market Overview - The Shanghai Composite Index rose by 0.01% on June 12, with 15 sectors experiencing gains, led by non-ferrous metals and media, which increased by 1.40% and 1.33% respectively [2] - Conversely, the household appliances and coal sectors saw declines of 1.77% and 1.14% [2] - The defense and military industry fell by 0.53% [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 10.588 billion yuan, with 9 sectors seeing net inflows [2] - The pharmaceutical and biological industry led the inflows with a net increase of 1.27%, attracting 1.101 billion yuan, followed by the banking sector, which rose by 0.30% with a net inflow of 988 million yuan [2] Defense and Military Industry Insights - The defense and military sector experienced a net capital outflow of 1.586 billion yuan, with 139 stocks in the sector, of which 36 rose and 102 fell [3] - Among the stocks with net inflows, Gaode Infrared topped the list with an inflow of 76.911 million yuan, followed by Shenglu Communication and Sichuan Chuangxin with inflows of 42.997 million yuan and 40.906 million yuan respectively [3][4] - The stocks with the highest capital outflows included Guangqi Technology, AVIC Shenyang Aircraft, and Hailanxin, with outflows of 1.562 billion yuan, 1.130 billion yuan, and 933.569 million yuan respectively [3][5] Top Gainers in Defense and Military Sector - Gaode Infrared: +4.51%, 2.59% turnover, 76.911 million yuan inflow [4] - Shenglu Communication: +1.47%, 4.30% turnover, 42.997 million yuan inflow [4] - Sichuan Chuangxin: +5.30%, 9.61% turnover, 40.906 million yuan inflow [4] Top Losers in Defense and Military Sector - Guangqi Technology: -1.96%, 1.18% turnover, 1.562 billion yuan outflow [5] - AVIC Shenyang Aircraft: -0.21%, 1.00% turnover, 1.130 billion yuan outflow [5] - Hailanxin: -1.21%, 10.29% turnover, 933.569 million yuan outflow [5]

光启技术：公司正在致力于开发专用于基地生产的机器人，如机器人能够大规模投入使用，公司产品的 良率与成本有望进一步优化。 ...

Group 1: Company Overview and Strategic Positioning - The company is a leading player in the metamaterials industry, focusing on aerospace applications and has established a significant technological advantage with over 6000 patents and extensive production capabilities [4][5][6]. - The company operates multiple bases, including 905 and 906, which are crucial for the upstream supply chain of metamaterials, ensuring collaborative production rather than isolated operations [2][3]. - The company aims for sustainable growth in the industry, prioritizing long-term health over immediate profitability [2][3]. Group 2: Financial Performance and Growth - From 2018 to 2024, the company's metamaterials-related revenue has grown nearly 11 times, indicating a robust market presence and successful application in advanced aerospace equipment [4][5]. - The company anticipates an increase in raw material self-supply rates and scale effects as new bases come online, which will enhance cost efficiency [3][6]. Group 3: Product and Market Insights - The company is currently the only entity in China capable of large-scale production of metamaterials, highlighting its unique market position [5][6]. - The potential applications of metamaterials extend beyond aerospace and military sectors, inviting interest from various industries including new materials and consumer electronics [7]. Group 4: Operational Challenges and Innovations - Labor costs have become a significant portion of direct product costs due to the non-standard nature of metamaterials, prompting the company to explore robotics for production efficiency [6][7]. - The company is in the process of developing specialized robots to optimize production processes and improve yield rates [6].

光启技术股份有限公司监事会 三、本激励计划的内容符合《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》《深圳证券交易所股票上市规则》《深圳证 券交易所上市公司自律监管指南第1号—业务办理》《公司章程》的有关规定， 符合公司实际情况。 四、公司不存在向激励对象提供贷款、贷款担保或者任何其他财务资助的计 划或者安排。 五、本激励计划的实施有利于调动激励对象的工作积极性、创造性与责任心， 确保公司发展战略和经营目标的实现，有利于公司可持续发展，不存在损害公司 及全体股东利益的情形。 光启技术股份有限公司 监事会 二〇二五年六月十日 关于2025年股票期权激励计划有关事项的核查意见 光启技术股份有限公司（以下简称"公司"）监事会依据《中华人民共和国 公司法》《中华人民共和国证券法》《上市公司股权激励管理办法》《深圳证券 交易所股票上市规则》《深圳证券交易所上市公司自律监管指南第1号—业务办 理》《公司章程》等规定，对公司2025年股票期权激励计划（以下简称"本激 励计划"）有关事项进行核查，发表核查意见如下： 一、公司不存在《上市公司股权激励管理办法》规定的禁止实施股权激励计 划的情形，包 ...

Group 1 - The company held the fifteenth meeting of the fifth supervisory board, which complied with relevant regulations [1][2] - The supervisory board approved the draft of the 2025 Stock Option Incentive Plan, confirming it aligns with applicable laws and does not harm the interests of the company and shareholders [1][2] - The draft of the 2025 Stock Option Incentive Plan and its summary will be submitted for special resolution at the company's third extraordinary general meeting in 2025 [1][2] Group 2 - The supervisory board reviewed the implementation assessment management measures for the 2025 Stock Option Incentive Plan, finding it suitable for ensuring the plan's proper operation and sustainable development of the company [2] - The list of incentive objects for the 2025 Stock Option Incentive Plan was also approved, confirming that the individuals meet the qualifications set by relevant laws and regulations [2] - The company will publicly announce the names and positions of the incentive objects at least 10 days before the shareholders' meeting [3]

证券简称：光启技术 证券代码：002625 光启技术股份有限公司 2025年股票期权激励计划（草案） 二○二五年六月 光启技术股份有限公司2025年股票期权激励计划（草案） 声明 公司及全体董事、监事、高级管理人员保证本激励计划内容不存在虚假记载、 误导性陈述或者重大遗漏，对本激励计划内容的真实性、准确性、完整性承担个 别和连带的法律责任。 2 光启技术股份有限公司2025年股票期权激励计划（草案） 特别提示 一、光启技术股份有限公司（以下简称"公司"）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》《深圳证券交 易所上市公司自律监管指南第1号—业务办理》《光启技术股份有限公司章程》 的有关规定，制定2025年股票期权激励计划（以下简称"本激励计划"）。 二、本激励计划采用的激励工具为股票期权，股票来源为公司从二级市场 回购和/或向激励对象定向发行的光启技术股份有限公司（以下简称"公司"或 "本公司"）A股普通股。 三、本激励计划授予股票期权共计366.28万份，占本激励计划公告之日公 司股本总额215,458.7862万股的0.17%。其中，首次授予293.02万份，占本激 ...

光启技术股份有限公司 2025 年股票期权激励计划激励对象名单 本激励计划拟授予的股票期权在各激励对象之间的分配情况如下表所示： 序 号 姓名 职务 国籍 获授数量 （万份） 占授予总 量的比例 占股本总 额的比例 1 金曦 董事 中国 6 1.64% 0.003% 2 奉平桃 财务总监 中国 6 1.64% 0.003% 3 周建林 董事会秘书 中国 6 1.64% 0.003% 4 公司（含子公司）其他核心骨干员工 (130人) 275.02 75.08% 0.128% 5 预留 73.26 20.00% 0.034% 合计 366.28 100.00% 0.170% 一、股票期权激励计划的分配情况 注 1：上述任何一名激励对象通过全部有效的股权激励计划获授的本公司股票均未超过公 司总股本的 1%。公司全部有效的激励计划所涉及的标的股票总数累计不超过股权激励计划提 交股东会时公司股本总额的 10%。 注 2：上述激励对象不包括公司独立董事和监事，亦不包括单独或合计持有公司 5%以上股 份的股东或实际控制人及其配偶、父母、子女。 注 3：预留部分的激励对象由本激励计划经股东会审议通过后 12 个月内确定，经 ...

| 17 | 激励对象预留权益比例是否未超过本次股权激励计划拟授 | 是 | | --- | --- | --- | | | 予权益数量的20% | | | 18 | 激励对象为董事、高管的，股权激励计划草案是否已列明 | 是 | | | 其姓名、职务、获授数量 | | | 19 | 激励对象为董事、高管的，是否设立绩效考核指标作为激 | 是 | | | 励对象行使权益的条件 | | | 20 | 股权激励计划的有效期从首次授予权益日起是否未超过10 | 是 | | | 年 | | | 21 | 股权激励计划草案是否由薪酬与考核委员会负责拟定 | 是 | | | 股权激励计划披露完整性要求 | | | 22 | 股权激励计划所规定事项是否完整 | | | | （1）对照《股权激励管理办法》的相关规定，逐条说明是 | | | | 否存在上市公司不得实行股权激励以及激励对象不得参与股 | | | | 权激励的情形；说明股权激励计划的实施是否会导致上市公 | 是 | | | 司股权分布不符合上市条件 | | | | （2）股权激励计划的目的、激励对象的确定依据和范围 | 是 | | | （3）拟授出的权益数量，股权 ...