证券代码：002881 证券简称：美格智能 公告编号：2025-055 一、2024年度股票期权与限制性股票激励计划已履行的相关审批程序 （一）2024年度股票期权与限制性股票激励计划简述 1、2024年5月31日，公司召开了第三届董事会第二十四次及第三届监事会第 二十一次会议，审议通过了《2024年度股票期权与限制性股票激励计划（草案） 及摘要》等议案。具体内容详见公司于2024年6月1日刊登在巨潮资讯网 (www.cninfo.com.cn)上的相关公告。 2、2024年6月1日，公司在公司官网上对2024年度股票期权与限制性股票激 励计划激励对象的姓名及职务进行了公示，公示时间为自2024年6月1日起至2024 年6月10日止。在公示期间，公司监事会未收到任何异议。监事会结合公示情况 对激励对象相关信息进行了核查，具体内容详见公司于2024年6月11日刊登在巨 潮资讯网(www.cninfo.com.cn)上的相关公告。 美格智能技术股份有限公司 关于向激励对象授予预留股票期权与限制性股票的公告 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。 美格智能技 ...

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。 证券代码：002881 证券简称：美格智能 公告编号：2025-054 美格智能技术股份有限公司 关于调整公司2024年度股票期权与限制性股票激励计划 的期权行权价格和限制性股票回购价格的公告 美格智能技术股份有限公司（以下简称"公司"）于2025年6月10日召开了 第四届董事会第八次会议，审议通过了《关于调整公司2024年度股票期权与限制 性股票激励计划的期权行权价格和限制性股票回购价格的议案》。因公司2024 年年度权益分派实施完成，根据公司《2024年度股票期权与限制性股票激励计划》 （以下简称"《激励计划》"）相关规定，应对期权行权价格和限制性股票回购 价格进行相应的调整。现将相关事项公告如下： 一、2024年度股票期权与限制性股票激励计划已履行的相关审批程序 1、2024年5月31日，公司召开了第三届董事会第二十四次及第三届监事会第 二十一次会议，审议通过了《2024年度股票期权与限制性股票激励计划（草案） 及摘要》等议案。具体内容详见公司于2024年6月1日刊登在巨潮资讯网 (www.cninfo.c ...

炜衡沛雄（前海）联营律师事务所 关于美格智能技术股份有限公司 2024 年度股票期权与限制性股票激励计划 调整股票期权行权价格、限制性股票回购价格和授予 预留股票期权与限制性股票相关事项 之 法 律 意 见 书 中国 广东 深圳 前海深港合作区前海国际仲裁大厦 17 层 1710-1712 电话（Tel）：（0755）86703090 邮编：518052 | 释 | 义 | 2 | | --- | --- | --- | | 一、本次调整和本次授予的批准与授权 | | 7 | | 二、本次调整的原因和方案 | | 8 | | 三、本次授予的具体情况 | | 9 | | 四、结论意见 | | 11 | 炜衡沛雄（前海）联营律师事务所 法律意见书 释 义 除非另有所指，下列简称在本法律意见书中具有如下特定含义： | | | 与限制性股票激励计划调整股票期权行权价 | | --- | --- | --- | | | | 格、限制性股票回购价格和授予预留股票期 | | | | 权与限制性股票相关事项之法律意见书》 | | 元、万元 | 指 | 人民币元、人民币万元 | 注：本法律意见书中引用数字存在小数时均只保留两位 ...

Investment Rating - The report maintains a "Positive" outlook on the communication industry [2] Core Insights - The communication sector has seen a decline, ranking 25th among 31 primary industries with a cumulative drop of 4.0% from the beginning of the year to June 3, 2025 [4][20] - The valuation of the communication sector is considered reasonable, with a PE (TTM) range of 21.3X to 24.8X, and a PE of 23.0X at the end of May [4][22] - The communication industry value chain includes operator-led investments in wired and wireless networks, AI computing power investments by operators and large model manufacturers, and integrated applications such as IoT, vehicle networking, industrial internet, enterprise communication, and satellite internet [4][25] - The report highlights investment opportunities in optical modules, IDC, and IoT modules for the second half of the year [4][26] Summary by Sections Optical Modules - The optical module market is expected to benefit from increased AI capital expenditure by leading cloud computing companies in the US and China, with growth rates projected to decline but remain robust [5][38] - The US and China’s top five cloud providers are expected to see their optical module spending growth rates decrease from 70% and 130% in 2024 to 50% and 90% in 2025, respectively [5][38] - The report notes that the impact of US tariffs on optical modules is limited, with current tariffs on exports to China increasing from 7.5% to 27.5% [5][38] IDC (Intelligent Data Center) - The IDC sector is entering a new phase driven by AI, with significant capital investments from major internet platforms and private capital [6][9] - The report anticipates that supportive policies from government agencies will emerge to facilitate the development of intelligent computing centers [6][76] - The domestic IDC market is projected to grow significantly, with the market size expected to increase from 430 billion yuan in 2017 to 1532 billion yuan by 2024, reflecting a compound annual growth rate of approximately 20% [55][56] IoT Modules - The report identifies leading domestic companies in the IoT module sector, such as Quectel and Guanghetong, which have captured significant market shares globally [86] - The global wireless communication module market is expected to grow from 48.5 billion yuan in 2025 to 72.6 billion yuan by 2029, with a compound annual growth rate of 10.6% [89][91] - The automotive electronics module market is highlighted as a key growth driver, with expectations of a compound annual growth rate of 12.6% from 2025 to 2029 [93] AI Market - The global edge AI market is projected to experience explosive growth, with the market size expected to increase from 321.9 billion yuan in 2025 to 1,223 billion yuan by 2029, representing a compound annual growth rate of 39.6% [101][102] - The report emphasizes that AI modules will become foundational for edge AI development, integrating advanced computing capabilities for various applications [97][101]

Investment Summary - The communication sector ranked 25th in terms of growth in the first half of 2025, with a cumulative decline of 4.0% in the Shenwan Communication Index [4][20] - The valuation of the communication sector is at a reasonable level, with a PE (TTM) range of 21.3X-24.8X, and a PE of 23.0X at the end of May [4][22] - The communication industry chain can be divided into three segments: 1) wired and wireless communication networks led by operators; 2) AI computing power industry chain invested by operators and large model manufacturers; 3) integrated applications combining communication networks with various industries, including IoT, vehicle networking, industrial internet, enterprise communication, and satellite internet [4][25] Light Module Market - The light module market is expected to benefit from increased AI capital expenditure by leading cloud computing companies in the US and China, with growth rates projected to remain high despite a decline in growth rates from 70% to 50% for US companies and from 130% to 90% for Chinese companies from 2024 to 2025 [5][38] - The impact of US tariffs on light modules is considered limited, with the tariff rate increasing from 7.5% to 27.5%, leading to short-term order stagnation and a gradual shift of domestic capacity to Southeast Asia [5][38] IDC and AI Computing Centers - The AI-driven IDC sector is entering a new phase, with significant capital investments from major internet platforms and private capital, indicating a growing demand for AI infrastructure [6][9] - The construction and operation of intelligent computing centers are heavily reliant on power supply, and supportive policies from government agencies are anticipated to facilitate this development [6][78] IoT Module Market - Domestic IoT module manufacturers have successfully penetrated overseas markets, with leading companies like Quectel and Guanghetong holding significant market shares [9][88] - The global wireless communication module market is projected to grow from 48.5 billion yuan in 2025 to 72.6 billion yuan by 2029, with a compound annual growth rate of 10.6% [91][93] AI Module Market - The global edge AI market is expected to experience explosive growth, with projections indicating an increase from 321.9 billion yuan in 2025 to 1,223 billion yuan by 2029, reflecting a compound annual growth rate of 39.6% [103][104] - The Chinese edge AI market is also anticipated to grow from 80.2 billion yuan in 2025 to 307.7 billion yuan by 2029, with a compound annual growth rate of 39.9% [8][106]

Key Points - The China Ordnance Equipment Group has been approved to separate its automotive business into an independent central enterprise, with the State-owned Assets Supervision and Administration Commission (SASAC) taking on the role of investor [2] - Following the separation, companies such as Changan Automobile, Hunan Tianyan, and Dong'an Power will have their indirect controlling shareholders changed to the newly formed central enterprise, while the actual controllers remain unchanged [2] - MegSmart has received approval from its shareholders to issue H-shares and list on the Hong Kong Stock Exchange, with over two-thirds of the voting rights in favor [4] - Shenzhou Cell plans to raise up to 900 million yuan through a private placement to its controlling shareholder, Lhasa Ailike, for working capital [6] - Maipu Medical intends to acquire 100% of Yijie Medical through a combination of stock issuance and cash payment, which will enhance its capabilities in the field of interventional biomaterials [8] - Haitai Development is planning to acquire the controlling stake in Zhixueyun (Beijing) Technology Co., with the transaction potentially classified as a major asset restructuring [9] - A-share issuer Zhongyida has received an inquiry letter from the Shanghai Stock Exchange regarding its application for a private placement of shares [15] - ST Lingda's chairman and president Wang Mingsheng has resigned for personal reasons, with Jin Yongfeng elected as the new chairman [16] - Muyuan Foods reported a 26.93% year-on-year increase in sales revenue from commodity pigs in May, totaling 12.258 billion yuan [18] - Dongfeng Motor's May vehicle sales were 10,073 units, a decrease from the previous year's 11,615 units, with a cumulative decline of 14.45% for the first five months [19] - Inse Group plans to acquire 80% of the Zhizhe brand and raise up to 320.8 million yuan through a private placement to enhance its marketing capabilities [21] - FAW Fuwi will change its stock name to Fuwi Co., effective June 11, 2025, as part of its strategy to reduce reliance on a single customer [22] - COSCO Shipping Energy plans to register for the issuance of medium-term notes not exceeding 5 billion yuan [23] - Zhongtong Bus reported a 4.21% year-on-year decline in May sales, totaling 1,001 units, while cumulative sales for the year increased by 3.53% [24] - Taijing Technology's wholly-owned subsidiary Chongqing Jingxin plans to absorb and merge with another subsidiary, aiming to optimize resource allocation and reduce operational costs [25]

炜衡沛雄（前海）联营律师事务所 2025 年第二次临时股东大会 之 法律意见书 中国 广东 深圳 前海深港合作区前海国际仲裁大厦第 17 层 1710-1712 电话（Tel）：（0755）86703090 邮编：518052 炜衡沛雄（前海）联营律师事务所 股东大会法律意见书 关于 美格智能技术股份有限公司 炜衡沛雄（前海）联营律师事务所 关于美格智能技术股份有限公司 2025 年第二次临时股东大会之 法 律 意 见 书 炜衡沛雄会法字[2025]第 5 号 致：美格智能技术股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规、部门规章、规范 性文件及现行有效的《美格智能技术股份有限公司章程》（以下简称"《公司章 程》"）的规定，炜衡沛雄（前海）联营律师事务所（以下简称"炜衡"）接受 美格智能技术股份有限公司（以下简称"贵公司"或"公司"）的委托，指派邓 薇律师、石磊律师（以下简称"炜衡律师"）出席贵公司 2025 年第二次临时股 东大会（以下简称"本次股东大会"），在进行必要验证工作的基础上，对贵公 司本次股东大会的召集、 ...

证券代码：002881 证券简称：美格智能 公告编号：2025-051 美格智能技术股份有限公司 2025 年第二次临时股东大会决议公告 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、本次股东大会无否决议案或修改议案的情况；本次股东大会上没有新议 案提交表决。 2、本次股东大会不涉及变更前次股东大会决议。 一、会议召开和出席情况 （一）会议召开情况 美格智能技术股份有限公司会议室（广东省深圳市福田区深南大道1006号深 圳国际创新中心B座三十二层）。 3、会议召开方式：现场投票与网络投票相结合。 4、会议召集人：公司第四届董事会 1、会议召开时间 （1）现场会议时间：2025年6月5日（星期四）下午15:00 （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年6月5日上 午9:15—9:25，9:30-11:30和下午13:00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025年6月5日上午 9:15至下午15:00期间的任意时间。 2、现场会议召开地点 5、会议主持人：董事长王平先生 ...

证券代码：002881 证券简称：美格智能 公告编号：2025-050 美格智能技术股份有限公司 关于股份回购进展的公告 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。 美格智能技术股份有限公司（以下简称"公司"）于2024年11月1日召开了 第四届董事会第四次会议，于2024年11月14日召开了2024年第四次临时股东大会, 审议通过了《关于回购公司股份方案的议案》，同意公司使用自有资金或专项贷 款资金，以集中竞价交易方式回购公司部分A股社会公众股，用于注销并减少公 司注册资本。本次回购金额不低于人民币3,000万元（含），且不超过人民币6,000 万元（含），回购价格不超过35.15元/股（含），具体回购股份数量以回购期满 时实际回购的股份数量为准。回购股份的实施期限自公司股东大会审议通过回购 股份方案之日起不超过12个月。具体内容详见公司分别于2024年11月5日、2024 年 11 月 15 日 、 2024 年 11 月 20 日 刊登在 《 证 券 时 报 》 及 巨 潮 资 讯 网 （www.cninfo.com.cn）上的《关于回购公司股份方案 ...