美格智能技术股份有限公司（以下简称"公司"）于2025年7月10日召开了 第四届董事会第九次会议，审议通过了《关于2024年度股票期权与限制性股票激 励计划首次授予股票期权第一个行权期行权条件成就的议案》。截至本公告日， 本次自主行权事项已获深圳证券交易所审核通过，公司已在中国证券登记结算有 限责任公司深圳分公司完成自主行权相关登记申报工作。 证券代码：002881 证券简称：美格智能 公告编号：2025-064 美格智能技术股份有限公司 关于2024年度股票期权与限制性股票激励计划 首次授予股票期权第一个行权期自主行权的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 权期符合行权条件的激励对象共计152人，可行权的期权数量为63.12万份，行权 价格为20.97元/份。 日及行权手续办理情况，本次实际可行权期限为2025年7月22日之日起至2026年6 月30日止。 一、本次股票期权行权安排 万份。若在行权前公司有派息、资本公积金转增股本、派送股票红利、股票拆细、 配股或缩股等事项，股权期权数量和行权价格将进行相应调整。 获授的股票期 ...

证券代码：002881 证券简称：美格智能 公告编号：2025-064 美格智能技术股份有限公司 关于2024年度股票期权与限制性股票激励计划 首次授予股票期权第一个行权期自主行权的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、公司首次授予股票期权代码：037451，期权简称：美格JLC3。 2、公司2024年股票期权与限制性股票激励计划首次授予股票期权第一个行 权期符合行权条件的激励对象共计152人，可行权的期权数量为63.12万份，行权 价格为20.97元/份。 3、本次行权采用自主行权模式。 4、本次可行权股票期权若全部行权，公司股份仍具备上市条件。 5、本次股票期权行权期限自2025年7月1日至2026年6月30日止，根据可交易 日及行权手续办理情况，本次实际可行权期限为2025年7月22日之日起至2026年6 月30日止。 | 姓名 | 职务 | 获授的股票期权 数量（万份） | 本次可行权的股票 期权数量（万份） | 本次可行权数量 占授予的股票期 权数量比例 | 剩 余 尚 未 行 权 的数量（万份） | | --- ...

Investment Rating - The report maintains a "Buy" rating for multiple companies in the communication sector, including 沪电股份 (002463.SZ), 美格智能 (002881.SZ), 中际旭创 (300308.SZ), 天孚通信 (300394.SZ), and others [1]. Core Insights - The report highlights the broad prospects for domestic computing power chips and the acceleration of AI digital interaction in commercial scenarios, indicating a positive outlook for related industry chain investment opportunities [2][6]. - The reintroduction of the H20 chip is expected to provide more computing power options for AI application companies, alleviating the shortage of high-end chips and accelerating the commercialization of AI applications [3][20]. - The RISC-V summit in 2025 is seen as a pivotal moment for China's chip industry, with significant contributions to the global RISC-V chip shipment volume expected from China [19][20]. Summary by Sections Industry Viewpoints - The communication sector index increased by 7.56%, outperforming the Shanghai and Shenzhen 300 index by 6.47 percentage points [14]. - The report emphasizes the importance of the H20 chip and RISC-V developments in enhancing China's chip autonomy and innovation capabilities [24][32]. Weekly Strategy Insights - The approval of H20 chip exports to China and the launch of the RTX Pro GPU by NVIDIA are significant developments that could enhance the domestic chip market [18][24]. - The AI model Grok 4 has shown substantial improvements in human-like simulation capabilities, indicating a growing trend in AI-driven digital interactions [21][51]. Communication Industry Dynamics - The report notes that the domestic computing power market is expanding rapidly, with the AI chip market expected to reach 141.2 billion yuan in 2024, reflecting a 41.9% year-on-year growth in 2023 [20][36]. - The investment scale of China's intelligent computing center market reached 87.9 billion yuan in 2023, with a projected growth to 288.6 billion yuan by 2028 [50][51].

美格智能（002881）公告，预计2025年上半年净利润为7000万元–8500万元，比上年同期的3348.23万元 增长109.07%-153.87%。 ...

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a significant year-over-year increase in 2025 H1 net profit, ranging from RMB 70 million to RMB 85 million Key Financial Performance Indicators | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Profit: RMB 70 million – RMB 85 million | Profit: RMB 33.4823 million | | Year-over-year Growth | 109.07% - 153.87% | - | | **Net Profit After Deducting Non-recurring Gains/Losses** | Profit: RMB 67.3 million – RMB 82.3 million | Profit: RMB 31.9293 million | | Year-over-year Growth | 110.78% - 157.76% | - | | **Basic Earnings Per Share** | Profit: RMB 0.27/share – RMB 0.32/share | Profit: RMB 0.13/share | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) This performance forecast has not been audited by an accounting firm - This performance forecast has not been audited by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Performance growth is driven by high-speed growth in smart automotive, 5G mobile broadband, and overseas IoT product shipments - During the reporting period, the company's operating revenue and net profit continued to grow, primarily driven by[5](index=5&type=chunk) - **Smart Automotive, 5G Mobile Broadband, Overseas IoT Intelligent Fields**: Product shipments maintained high-speed growth[5](index=5&type=chunk) - **Edge AI**: Application of high-computing power modules continued to deepen[5](index=5&type=chunk) - **Market Development**: Balanced development achieved in both domestic and overseas markets[5](index=5&type=chunk) [Risk Warning](index=1&type=section&id=IV.%20Risk%20Warning) The company advises investors that this preliminary performance forecast is unaudited, with final data in the 2025 semi-annual report - This performance forecast data represents preliminary estimates by the company's finance department and has not been audited by an accounting firm[6](index=6&type=chunk) - Specific financial data will be detailed in the company's 2025 semi-annual report, reminding investors to be aware of investment risks[6](index=6&type=chunk)

Group 1: Annual Reports and Dividends - Gujinggong Liquor (000596) reported 2024 revenue of 23.578 billion yuan, up 16.41%, and net profit of 5.517 billion yuan, up 20.22%. The company plans to distribute a cash dividend of 50 yuan per 10 shares, totaling 2.643 billion yuan [2] - Luzhou Laojiao (000568) reported 2024 revenue of 31.196 billion yuan, up 3.19%, and net profit of 13.473 billion yuan, up 1.71%. The company plans to distribute a cash dividend of 45.92 yuan per 10 shares, totaling 6.759 billion yuan [2] - Gree Electric (000651) reported 2024 revenue of 189.164 billion yuan, down 7.26%, and net profit of 32.185 billion yuan, up 10.91%. The company plans to distribute a cash dividend of 20 yuan per 10 shares, totaling 11.17 billion yuan [3] Group 2: Q1 2025 Performance - Gujinggong Liquor reported Q1 2025 revenue of 9.146 billion yuan, up 10.38%, and net profit of 2.330 billion yuan, up 12.78% [2] - Gree Electric reported Q1 2025 revenue of 41.507 billion yuan, up 14.14%, and net profit of 5.904 billion yuan, up 26.29% [3] - National City Mining (000688) reported Q1 2025 revenue of 0.053 billion yuan, up 77.25%, and net profit of 0.0612 billion yuan, up 18279.65% [4] - Taiyuan Iron & Steel (000825) reported Q1 2025 revenue of 23.31 billion yuan, down 4.71%, and net profit of 0.0188 billion yuan, up 5506.92% [4] - Shenfang A (000029) reported Q1 2025 revenue of 0.033 billion yuan, up 457.38%, and net profit of 0.0724 billion yuan, up 3718.51% [4] - Qingda Environmental Protection (688501) reported Q1 2025 revenue of 0.0619 billion yuan, up 317.43%, and net profit of 0.0687 billion yuan, up 990.26% [4] - Tianbao Infrastructure (000965) reported Q1 2025 revenue of 0.0169 billion yuan, down 34.62%, and net profit of 0.01 billion yuan, up 737.29% [4] - Taihe Intelligent (603656) reported Q1 2025 revenue of 0.0105 billion yuan, up 10.19%, and net profit of 0.0002097 billion yuan, up 716.41% [5] - Meg Intelligent (002881) reported Q1 2025 revenue of 0.0997 billion yuan, up 73.57%, and net profit of 0.0463 billion yuan, up 616.02% [5] - Shengda Biological (603079) reported Q1 2025 revenue of 0.0203 billion yuan, up 9.95%, and net profit of 0.0217 billion yuan, up 469.35% [5] - Jincai Interconnection (002530) reported Q1 2025 revenue of 0.0206 billion yuan, down 33%, and net profit of 0.001364 billion yuan, up 466.95% [5] - XinSai Co. (600540) reported Q1 2025 revenue of 1.215 billion yuan, up 312.03%, and net profit of 0.01819 billion yuan, up 315.74% [6]

Core Viewpoint - The board of directors of Meige Intelligent Technology Co., Ltd. has approved several key resolutions regarding stock options and restricted stock plans, indicating a focus on aligning employee incentives with company performance and governance compliance [1][2][3]. Group 1: Board Meeting Details - The board meeting was held on July 6, 2025, with all six directors participating, confirming the legality and validity of the meeting [1]. - The meeting utilized a written notification and a combination of on-site and remote voting methods [1]. Group 2: Stock Option Cancellation - The board approved the cancellation of stock options for one departing employee who no longer meets the incentive criteria, with a unanimous vote of 6 in favor [1][2]. Group 3: Stock Option Grant Conditions - The board recognized that the conditions for the first exercise period of the 2024 stock option plan have been met, allowing 152 eligible participants to exercise a total of 631,200 stock options at a price of RMB 20.97 per option, also with a unanimous vote of 6 in favor [2][3]. Group 4: Restricted Stock Release Conditions - The board approved the release of restrictions on 139,200 shares of restricted stock for 200 eligible participants, confirming that the conditions for the first release period have been met, again with a unanimous vote of 6 in favor [3][4].

Core Viewpoint - The legal opinion letter from Wei Heng Pei Xiong (Qianhai) Joint Law Firm confirms the approval and conditions for the first exercise period of stock options and the first release period of restricted stocks for Meige Intelligent Technology Co., Ltd. [2][6] Group 1: Stock Option and Restricted Stock Plan - The stock option plan allows for the first exercise period to commence 12 months after the initial grant date, with a total of 631,200 options available for exercise [12][16] - The restricted stock plan allows for a release of 40% of the total granted shares after a 12-month holding period [12][16] - The company has fulfilled necessary approvals and authorizations for the stock option and restricted stock plans as per the relevant regulations [12][17] Group 2: Conditions for Exercise and Release - Conditions for exercising stock options include the company not having any negative audit opinions or failing to meet profit distribution commitments [13][16] - The performance targets for the first exercise period require a minimum of 30% growth in either revenue or net profit compared to the previous year [13][16] - Personal performance evaluations must be conducted, with a pass rate determining the percentage of options that can be exercised [15][16] Group 3: Cancellation of Stock Options - The company plans to cancel 8,000 stock options for one individual who has left the company, in accordance with the stock option plan [17] - The cancellation aligns with the regulations set forth in the management measures and the company's articles of association [17]

Core Viewpoint - The company announced the cancellation of 0.08 million stock options due to the departure of one incentive target, which represents 0.50% of the total stock options granted under the 2024 incentive plan [1][4][5]. Summary by Sections Stock Option Cancellation - The company held its ninth board meeting on July 10, 2025, where it approved the proposal to cancel stock options for one departing incentive target [1]. - The canceled stock options amount to 0.08 million, which is part of the 1.6 million stock options initially granted under the 2024 incentive plan [4]. Approval Process - The 2024 stock option and restricted stock incentive plan underwent necessary approval procedures, including public announcements and reviews by the supervisory board [2][3]. Impact on Company Performance - The cancellation of stock options is not expected to have a significant impact on the company's financial status or operational results [4][5]. - The management team will continue to fulfill their responsibilities and aims to create greater value for shareholders [5]. Legal Compliance - The board's remuneration and assessment committee confirmed that the cancellation process is legal and compliant with relevant regulations [5]. - Legal opinions from the law firm indicate that the necessary authorizations and approvals for the cancellation have been obtained [5].

Core Viewpoint - The announcement details the successful achievement of the first exercise conditions for the stock option and restricted stock incentive plan for 2024 by Meige Intelligent Technology Co., Ltd, allowing eligible participants to exercise their stock options [1][4][10]. Summary by Sections Incentive Plan Approval Process - The company held its fourth board meeting on July 10, 2025, where it approved the first exercise conditions for the stock option incentive plan [1]. - The plan underwent multiple approvals, including a public notice period from June 1 to June 10, 2024, during which no objections were raised [2]. Exercise Conditions Achievement - The first exercise period for the stock options is set from July 1, 2024, to June 30, 2026, with 40% of the total options granted eligible for exercise [5]. - The total number of options available for exercise in this period is 631,200 [5]. - The company confirmed that it did not encounter any disqualifying events in the last fiscal year, allowing the exercise conditions to be met [5][10]. Performance Assessment - The performance targets for the first exercise period include a minimum revenue growth of 30% compared to the previous year, with the actual net profit for 2024 projected at approximately 146.69 million yuan, reflecting a growth rate of 127.39% [5][10]. - The assessment of individual performance for the 156 participants showed that all but four met the necessary criteria, allowing them to exercise their options [6]. Adjustments and Cancellations - Adjustments were made to the exercise price of the stock options from 21.10 yuan to 20.97 yuan due to a cash dividend distribution [7]. - The company plans to cancel stock options for individuals who no longer meet the eligibility criteria due to resignation, totaling 14,000 options [8]. Impact of the Exercise - The exercise of stock options is not expected to significantly alter the company's shareholding structure or listing conditions [10]. - The financial implications of the stock option exercise will be accounted for in accordance with relevant accounting standards, potentially increasing the company's capital reserves [10]. Legal Opinions and Compliance - Legal counsel confirmed that the company has obtained the necessary authorizations for the exercise of stock options, affirming compliance with the incentive plan's conditions [11].