Core Viewpoint - The company has successfully completed the non-trading transfer of shares under its 2025 Employee Stock Ownership Plan (ESOP), which aims to enhance employee engagement and align their interests with the company's performance [1][6]. Group 1: Employee Stock Ownership Plan Details - The 2025 ESOP was approved during the company's board and shareholder meetings held on March 7, 2025, and March 27, 2025, respectively [1]. - The plan involves the transfer of 12,351,780 shares, representing 1.59% of the company's total share capital, from the company's repurchased shares [4][6]. - The total amount raised from employee contributions to the ESOP is approximately RMB 139.58 million, with 448 employees participating [5]. Group 2: Share Repurchase and Funding - The shares for the ESOP were sourced from the company's repurchased A-shares, with a total of 9,679,297 shares repurchased in 2022 and 4,584,553 shares in 2023 [2][3]. - The total amount spent on share repurchases was approximately RMB 199.99 million in 2022 and RMB 69.92 million in 2023 [2][3]. - As of the last transfer, the company had a total of 22,122,142 shares available for the ESOP, which is 2.85% of the total share capital [4]. Group 3: Plan Structure and Governance - The ESOP has a duration of 60 months, with shares unlocking in three phases based on performance metrics [6]. - The plan does not involve any financial assistance or guarantees from the company to the participants [5]. - Participants in the ESOP will voluntarily waive their voting rights associated with the shares held under the plan [7]. Group 4: Accounting Treatment - The expenses related to the ESOP will be amortized according to relevant accounting standards, impacting the company's net profit during the plan's duration [8]. - The plan is expected to positively influence employee motivation and operational efficiency, although the exact financial impact will be determined by annual audit reports [8].

证券代码：002925 证券简称：盈趣科技 公告编号：2025-063 厦门盈趣科技股份有限公司 关于 2025 年员工持股计划非交易过户完成的公告 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。 厦门盈趣科技股份有限公司（以下简称"公司"）于 2025 年 3 月 7 日召开 了第五届董事会第十五次会议及第五届监事会第十四次会议，于 2025 年 3 月 27 日召开 2025 年第一次临时股东大会，审议通过了《关于公司<2025 年员工持股 计划（草案）>及其摘要的议案》《关于公司<2025 年员工持股计划管理办法> 的议案》等相关议案，同意公司实施 2025 年员工持股计划（以下简称"本持股 计划"或"本员工持股计划"），同时股东大会授权董事会办理与本员工持股计 划相关的事宜。具体内容详见公司 2025 年 3 月 11 日、2025 年 3 月 28 日在巨潮 资讯网（http://www.cninfo.com.cn）披露的相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所 上市公司自律监管指引第 1 号——主板上市公司规范 ...

厦门盈趣科技股份有限公司 关于公司控股股东部分股份质押的公告 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。 厦门盈趣科技股份有限公司（以下简称"公司"）近日接到控股股东深圳万 利达电子工业有限公司（以下简称"万利达工业"）通知，获悉万利达工业所持 有本公司的部分股份办理了质押业务，具体事项如下： 一、控股股东股份质押的基本情况 | 股东 | 是否为控股 股东或第一 | 本次质押 | 占其所 | 占总 | 是否 | 是否为 | 质押 | 质押 | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | 数量 （股） | 持股份 比例 | 股本 比例 | 为限 售股 | 补充质 押 | 起始日 | 到期日 | 质权人 | 用途 | | 万利达 | 一致行动人 | | | | | | | | 财通证券 | | | 工业 | 是 | 13,700,000 | 3.53% | 1.76% | 否 | 否 | 2025/6/18 | 2026/6/ ...

Summary of Earnings Call for Yingqu Technology Company Overview - Yingqu Technology has shifted from reliance on a single major client to a diversified business model, reducing the revenue contribution from its largest client to approximately 20% [2][7] - The company employs a UDM model, integrating UMS systems with ODM manufacturing, allowing early involvement in product development and deep client relationships [5] Key Business Segments Electronic Cigarettes - Yingqu Technology has established itself as a key supplier in the HNB (Heated Not Burned) sector, particularly with Philip Morris International, which holds over 70% market share [2][6] - The company has transitioned from supplying only external casings to providing complete devices and core heating modules, which is expected to drive future growth [9][12] - The electronic cigarette business is anticipated to continue expanding, with stable demand for complete devices and heating modules despite a decline in the demand for plastic casings [12][15] Home Engraving Machines - The home engraving machine segment peaked in 2021 but has since experienced a decline due to inventory adjustments by major clients [11][13] - Despite the downturn, this segment remains a core part of Yingqu Technology's business [11] Automotive Electronics and Health Environment - Future growth is expected from automotive electronics and health environment sectors, utilizing a model that supplies single products to multiple clients, which mitigates risks [16][19] - The automotive electronics sector has shown rapid growth, while the health environment segment is projected to recover starting in 2025 due to increasing global demand for air purifiers and health-focused products [19] Financial Performance - The net profit margin improved to 9% in Q1 2025, up from 7% for the entire previous year, attributed to effective cost management [3][17] - The company has set ambitious revenue growth targets of at least 25% and profit growth potentially exceeding this, driven by a stock incentive plan [18][24] Market Trends and Future Outlook - The new tobacco industry is expected to maintain a positive growth trajectory, particularly in mature overseas markets, with Yingqu Technology positioned to benefit from this trend [4][26] - The company anticipates achieving over 6 billion RMB in revenue and close to 1 billion RMB in profit within three years, reflecting strong growth potential [24][28] - Yingqu Technology's stock is viewed as having significant upside potential, especially as it recovers from previous lows [25][28] Strategic Initiatives - Yingqu Technology's overseas production capabilities, particularly in Malaysia and Mexico, are expected to enhance its ability to meet new orders and attract new clients [22] - The company is focused on diversifying its client base and product offerings to reduce dependency on any single client or product line [7][16] Conclusion - Yingqu Technology is on a positive growth trajectory, with strategic initiatives in place to enhance its market position across various sectors, particularly in electronic cigarettes and emerging markets like automotive electronics and health environment products. The company's proactive approach to client diversification and cost management is expected to yield favorable financial results in the coming years [23][28]

Investment Rating - The investment rating for the company is "Buy" and it is maintained [11] Core Insights - The company is experiencing a turnaround after 12 quarters of operational pressure, with a confirmed inflection point. It is expected to achieve positive growth in revenue and net profit in Q4 2024 and Q1 2025, primarily driven by the core business of electronic cigarettes [3][17] - The company has set ambitious targets in its incentive plan, requiring a revenue growth rate of no less than 25% for 2025, with a target growth rate of 50% [9][21] - Future revenue growth is anticipated to come mainly from electronic cigarettes, followed by health environment and automotive electronics businesses, with improvements in the home engraving machine segment [9][17] Summary by Sections UDM Model and Competitive Advantage - The company's core business is based on the UDM model, which differs from traditional ODM by deeply integrating into customer front-end R&D and providing highly customized manufacturing and support services [6][30] - The UDM model allows the company to establish long-term, in-depth strategic partnerships with clients, enhancing its competitive edge [26][30] Historical Review and International Expansion - The company has transitioned from relying on "hit products" to a more diversified and balanced development phase, with a focus on international expansion and improved supply chain capabilities [7][49] - From 2014 to 2021, the company achieved a compound annual growth rate (CAGR) of 41% in revenue and 37% in net profit [7][49] Growth Potential and Business Segments - The innovative consumer electronics segment is expected to see revenue growth primarily from increased supply share in electronic cigarettes, alongside stable growth in home engraving machines and e-bike components [8][56] - The automotive electronics segment is projected to grow steadily, benefiting from the industry's overall growth [8][56] Financial Performance and Projections - The company has shown a recovery in net profit margins, with estimates for Q1 2025 indicating a significant year-on-year increase [9][17] - The incentive plan outlines specific revenue targets for the next few years, indicating strong confidence in future growth [21][25] Market Dynamics and Competitive Landscape - The global market for heat-not-burn (HNB) products is expected to grow, with the company positioned to benefit from its partnership with PMI, a leading player in the HNB market [60][61] - The competitive landscape shows PMI holding a dominant market share, which provides a favorable environment for the company's growth in electronic cigarettes [60][61]

证券代码：002925 证券简称：盈趣科技 公告编号：2025-061 2、控股股东及其一致行动人股份累计质押情况 厦门盈趣科技股份有限公司 关于公司控股股东部分股份解除质押的公告 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。 厦门盈趣科技股份有限公司（以下简称"公司"）近日接到控股股东深圳万 利达电子工业有限公司（以下简称"万利达工业"）通知，获悉万利达工业所持 有本公司的部分股份办理了解除质押业务，具体事项如下： 一、控股股东股份质押的基本情况 | 股东 名称 | 是否为控股股 东或第一大股 东及其一致行 | 本次解除质 押数量 | 占其所 持股份 | 占总股 本比例 | 质押 起始日 | 解除 质押日 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | （股） | 比例 | | | | | | | 动人 | | | | | | | | 万利达 工业 | 是 | 500,000 | 0.13% | 0.06% | 2023/4/14 | 2025/6/13 | 国泰海通证券股 份 ...

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。 合通讯表决的方式召开，本次会议的通知于 2025 年 6 月 6 日以通讯方式送达。 会议由公司董事会秘书李金苗召集和主持，出席本次会议的持有人 426 人，代表 的 91.24%。会议的召集、召开和表决程序符合公司 2025 年员工持股计划的有关 规定。会议审议通过了以下议案： 证券代码：002925 证券简称：盈趣科技 公告编号：2025-060 厦门盈趣科技股份有限公司 关于 2025 年员工持股计划第一次持有人会议决议公告 一、审议通过《关于设立 2025 年员工持股计划管理委员会的议案》 为保证公司 2025 年员工持股计划的顺利进行，保障持有人的合法权益，根 据《厦门盈趣科技股份有限公司 2025 年员工持股计划（草案）》及《厦门盈趣 科技股份有限公司 2025 年员工持股计划管理办法》等相关规定，同意设立 2025 年员工持股计划管理委员会，作为 2025 年员工持股计划的日常监督管理机构， 代表持有人行使股东权利。管理委员会由 3 名委员组成，设管理委员会主任 1 名。2025 年员工持股计划管理 ...

关于 2025 年员工持股计划第一次持有人会议决议公告 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。 2025 年员工持股计划第一次持有人会议于 2025 年 6 月 10 日以现场表决结 合通讯表决的方式召开，本次会议的通知于 2025 年 6 月 6 日以通讯方式送达。 会议由公司董事会秘书李金苗召集和主持，出席本次会议的持有人 426 人，代表 2025 年员工持股计划份额 12,734.51 万份，占公司 2025 年员工持股计划总份额 的 91.24%。会议的召集、召开和表决程序符合公司 2025 年员工持股计划的有关 规定。会议审议通过了以下议案： 一、审议通过《关于设立 2025 年员工持股计划管理委员会的议案》 证券代码：002925 证券简称：盈趣科技 公告编号：2025-060 厦门盈趣科技股份有限公司 根据公司《厦门盈趣科技股份有限公司 2025 年员工持股计划（草案）》和 《厦门盈趣科技股份有限公司 2025 年员工持股计划管理办法》的有关规定，持有 人大会授权 2025 年员工持股计划管理委员会办理与本持股计划相关事项，具体 如下： ...

Core Viewpoint - The announcement details the share transfer plans of two senior executives at Xiamen Yingqu Technology Co., Ltd., indicating that the transfers will occur through block trading and will not affect the company's control or governance structure [1][6]. Summary by Sections Shareholders' Information - Yang Ming holds 3,119,079 shares, representing 0.4156% of the total share capital, and plans to transfer up to 779,770 shares (0.1039%) [1][2]. - Li Jinmiao holds 520,300 shares, representing 0.0693% of the total share capital, and plans to transfer up to 130,075 shares (0.0173%) [1][2]. Transfer Plan Details - The share transfers are intended to be made to the spouses of the respective executives and will be executed through block trading within three months following the announcement [2][3]. - The total shares to be transferred will not exceed 2% of the company's total shares within any continuous 90-day period [2][3]. Compliance with Lock-up Commitments - Both Yang Ming and Li Jinmiao have adhered to their previous commitments regarding share transfers, which included a 36-month lock-up period post-IPO [4][5]. - The executives have not violated any commitments, and the commitments have been fulfilled as of the announcement date [4][5]. Impact on Company Structure - The planned share transfers will not lead to any changes in the company's control or significantly impact its governance structure or ongoing operations [6].

证券代码：002925 证券简称：盈趣科技 公告编号：2025-059 厦门盈趣科技股份有限公司 关于董事、高级管理人员通过大宗交易转让股份的预披露公告 董事、高级管理人员杨明先生，高级管理人员李金苗先生保证向本公司提供的 信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 持有厦门盈趣科技股份有限公司（以下简称"公司"）股份 3,119,079 股（占 本公司总股本比例 0.4156%，以截至 2025 年 6 月 9 日总股本 777,441,784 股剔除 回购专用账户中 26,867,782 股后的股本 750,574,002 股为计算依据，下同）的股 东杨明先生拟在 2025 年 7 月 2 日至 2025 年 10 月 1 日期间通过大宗交易的方式 转让公司的股份不超过 779,770 股，即不超过公司目前总股本的 0.1039%。持有 公司股份 520,300 股（占公司总股本比例 0.0693%）的股东李金苗先生拟在 2025 年 7 月 2 日至 2025 年 10 月 1 日期间通过大宗交易的方式转 ...