东方财富证券股份有限公司 独立财务顾问报告 东方财富证券股份有限公司 关于 香农芯创科技股份有限公司 2024 年限制性股票激励计划 预留授予部分 第一个归属期归属相关事项 之 独立财务顾问报告 独立财务顾问：东方财富证券股份有限公司 二〇二五年十月 | 第一章 | 释 义 | | 3 | | --- | --- | --- | --- | | 第二章 | 声 明 | | 4 | | 第三章 | 基本假设 | | 6 | | 第四章 | 本激励计划履行的审批程序 | | 7 | | 第五章 | | 本激励计划预留授予部分第一个归属期归属条件成就情况 | 10 | | | | 一、董事会就限制性股票归属条件是否成就的审议情况 | 10 | | | | 二、激励对象符合激励计划规定的各项归属条件成就的说明 | 10 | | | | 三、本次实施的股权激励计划与已披露的股权激励计划是否存在差异的情况 | 13 | | | | 四、本次归属的具体情况 | 14 | | 第六章 | 独立财务顾问的核查意见 | | 15 | 2 东方财富证券股份有限公司 独立财务顾问报告 第一章 释 义 在本独立财务顾问报告中，除非文义 ...

证券代码：300475 证券简称：香农芯创 公告编号：2025-076 香农芯创科技股份有限公司 第五届监事会第十二次（临时）会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 香农芯创科技股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日以 短信与电子邮件等方式发出通知，通知公司全体监事于 2025 年 10 月 21 日以现 场结合通讯方式召开第五届监事会第十二次（临时）会议。会议由监事会主席宋 建彪先生主持，会议应到监事 3 人，亲自出席监事 3 人。本次会议的出席人数、 召集召开程序、议事内容均符合《公司法》和《公司章程》的要求。 二、监事会会议审议情况 经审议，监事会认为：公司对 2024 年限制性股票激励计划（以下简称"本 激励计划"或"《激励计划》"）授予价格的调整，符合《上市公司股权激励管 理办法》等有关法律、法规、规范性文件和《激励计划》的相关规定，审议程序 合法、合规，不存在损害公司及全体股东利益的情形。 审议结果：赞成票 3 票，反对票 0 票，弃权票 0 票，审议通过。 1 详见公司同 ...

香农芯创科技股份有限公司（以下简称"公司"）监事会根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《深圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）、 《上市公司股权激励管理办法》（以下简称"《管理办法》"）等相关法律法规、规 范性文件及《香农芯创科技股份有限公司公司章程》（以下简称"《公司章程》"） 的规定，对公司 2024 年限制性股票激励计划（以下简称"本激励计划"）预留授 予部分第一个归属期归属名单进行审核，发表核查意见如下： 香农芯创科技股份有限公司 监事会关于公司 2024 年限制性股票激励计划预留授予部分 第一个归属期归属名单的核查意见 本次拟归属的激励对象符合《公司法》《证券法》等相关法律、法规和规范 性文件以及《公司章程》等规定的任职资格，符合《管理办法》《上市规则》等 法律、法规和规范性文件规定的激励对象条件，符合本激励计划规定的激励对象 范围，其作为公司本激励计划激励对象的主体资格合法、有效，激励对象获授限 制性股票的归属条件已成就。 综上，监事会同意本激励计划预留授予部分第一个归属期的归属名单。 香农芯创科技 ...

香农芯创科技股份有限公司 董事会薪酬与考核委员会 关于公司 2024 年限制性股票激励计划 预留授予部分第一个归属期归属名单的核查意见 香农芯创科技股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券 法》（以下简称"《证券法》"）、《深圳证券交易所创业板股票上市规则》（以下简 称"《上市规则》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"） 等相关法律法规、规范性文件及《香农芯创科技股份有限公司公司章程》（以下 简称"《公司章程》"）的规定，对公司 2024 年限制性股票激励计划（以下简称"本 激励计划"）预留授予部分第一个归属期归属名单进行审核，发表核查意见如下： 本次拟归属的激励对象符合《公司法》《证券法》等相关法律、法规和规范 性文件以及《公司章程》等规定的任职资格，符合《管理办法》《上市规则》等 法律、法规和规范性文件规定的激励对象条件，符合本激励计划规定的激励对象 范围，其作为公司本激励计划激励对象的主体资格合法、有效，激励对象获授限 制性股票的归属条件已成就。 综上，董事会薪酬与考核委员会同意本激励计划 ...

证券代码：300475 证券简称：香农芯创 公告编号：2025-075 香农芯创科技股份有限公司 第五届董事会第十三次（临时）会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 香农芯创科技股份有限公司（以下简称"公司"）第五届董事会第十三次（临 时）会议通知于 2025 年 10 月 17 日以短信与电子邮件等方式送达全体董事、监 事、高级管理人员。第五届董事会第十三次（临时）会议于 2025 年 10 月 21 日 以现场结合通讯方式召开。会议由董事长范永武先生主持，会议应到董事 9 人， 实到董事 9 人。公司监事会成员、其他高级管理人员列席了会议。本次会议的出 席人数、召集召开程序、议事内容均符合《公司法》和《公司章程》的要求。 二、董事会会议审议情况 出席本次会议的董事对以下事项以投票表决的方式，进行了审议表决： 1、审议通过《2025 年三季度报告》； 审议结果：赞成票 9 票，反对票 0 票，弃权票 0 票，审议通过。 本议案提交董事会审议前已经董事会审计委员会审议通过。 关联董事黄泽伟先生、李小红先生和苏泽晶先 ...

证券代码：300475 证券简称：香农芯创 公告编号：2025-080 香农芯创科技股份有限公司 2025 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 1 根据其持股期限计算应纳税额【注】；持有首发后限售股、股权激励限售股及 无限售流通股的证券投资基金所涉红利税，对香港投资者持有基金份额部分按 10%征收，对内地投资者持有基金份额部分实行差别化税率征收）。 【注：根据先进先出的原则，以投资者证券账户为单位计算持股期限，持 股 1 个月（含 1 个月）以内，每 10 股补缴税款 0.070000 元；持股 1 个月以上 至 1 年（含 1 年）的，每 10 股补缴税款 0.035000 元；持股超过 1 年的，不需 补缴税款。】 一、股东大会审议通过利润分配方案情况 1、香农芯创科技股份有限公司(以下简称"公司")2025 年半年度利润分配 预案已经公司 2025 年 9 月 12 日召开的 2025 年第一次临时股东大会审议通过， 2025 年 半 年 度 利 润 分 配 方 案 为 ： 以 公 司 截 至 2025 年 6 月 ...

香农芯创公告称，公司2025年半年度权益分派方案已获股东大会通过。以现有总股本463,773,767股为基 数，向全体股东每10股派0.35元现金（含税），不转增股本、不送红股。股权登记日为2025年10月28 日，除权除息日为10月29日。委托中国结算深圳分公司代派的A股股东现金红利将于10月29日到账，部 分股东现金红利由公司自行派发。权益分派实施后，2024年限制性股票激励计划授予价格将相应调整。 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥9,276,368,798.18, representing a year-on-year increase of 6.58% and a cumulative revenue of ¥26,399,539,611.22 for the year-to-date, up 59.90% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2025 was ¥201,505,511.71, a decrease of 3.11% year-on-year, while the year-to-date net profit was ¥359,337,839.77, down 1.36% compared to the previous year[5] - Total revenue for the period reached ¥26,399,539,611.22, a significant increase from ¥16,510,174,509.38 in the previous period, representing a growth of approximately 60.5%[23] - The company's net profit for the current period is CNY 345,857,201.83, a decrease from CNY 351,734,266.39 in the previous period, reflecting a decline of approximately 1.7%[25] - Operating profit increased to CNY 439,066,745.42 from CNY 431,357,551.75, representing a growth of about 1.6%[25] Assets and Liabilities - The company's total assets at the end of Q3 2025 amounted to ¥9,353,622,279.87, reflecting a 23.32% increase from the end of the previous year[5] - Total assets reached ¥9,353,622,279.87, compared to ¥7,584,926,308.15 at the beginning of the period, showing an increase of approximately 23.3%[22] - Total liabilities increased to ¥5,918,286,859.64 from ¥4,582,509,849.19, which is an increase of about 29.2%[22] - The company's equity attributable to shareholders rose to ¥3,383,753,063.14 from ¥2,937,353,463.93, reflecting an increase of approximately 15.1%[22] Cash Flow - The cash flow from operating activities showed a net outflow of ¥46,852,479.89 for the year-to-date, a significant increase in outflow of 88.81% compared to the previous year[5] - Cash flow from operating activities generated a net outflow of CNY 46,852,479.89, an improvement compared to the previous period's outflow of CNY 418,587,119.99[26] - Total cash inflow from financing activities was CNY 8,980,459,723.31, up from CNY 4,975,786,260.69 in the previous period, indicating a growth of approximately 80.5%[27] - Cash and cash equivalents increased to ¥1,223,743,211.30 from ¥897,608,697.80, reflecting a growth of approximately 36.3%[20] - Cash and cash equivalents at the end of the period decreased to CNY 382,411,600.36 from CNY 813,417,880.87, a decline of about 53%[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 58,618[13] - The largest shareholder, Shenzhen Lingxin Jicheng Equity Investment Fund Management Partnership, holds 9.07% of shares, totaling 42,056,446 shares[14] - Huang Zewei, a significant shareholder, holds 5.38% of shares, totaling 24,928,000 shares, with 18,696,000 shares pledged[14] - The total number of restricted shares at the end of the period is 19,506,000, with 2,181,000 shares newly restricted during the period[17] - The top 10 shareholders collectively hold a significant portion of the company's shares, with the largest holding being 42,056,446 shares[14] Operational Metrics - The company's basic and diluted earnings per share for Q3 2025 were both ¥0.4300, down 4.44% from the same period last year[5] - Research and development expenses were reported at ¥12,005,135.63, slightly down from ¥14,558,079.92 in the previous period, indicating a decrease of about 17.5%[23] - The company reported a significant increase in contract liabilities, which rose by 2161.63% to ¥114,740,645.41, indicating a rise in advance payments from customers[11] - The company's operating costs for the year-to-date were ¥25,572,070,805.49, an increase of 63.37% compared to the same period last year, driven by rising market demand and procurement costs[12] - The company's other comprehensive income after tax was CNY -19,338,408.81, an improvement from CNY -24,018,570.70 in the previous period[25] Strategic Initiatives - The company established a joint venture with Wuxi Lingjing Cloud Information Technology Co., Ltd., with a registered capital of RMB 120 million, where the company contributes RMB 30 million, accounting for 25%[18] - The company aims to support the intelligent upgrade of industries and the development of the digital economy through the newly established joint venture[18] - The company is focusing on expanding its market presence and developing new technologies, although specific details on new products were not provided in the financial data[23]

Market Overview - The Shanghai Composite Index fell by 0.07% on October 22, with nine industries experiencing gains, led by the oil and petrochemical sector, which rose by 1.58% [1] - The sectors with the largest declines were non-ferrous metals and electric equipment, down by 1.36% and 1.29% respectively [1] - The electronic industry saw a decrease of 0.60% [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 44.231 billion yuan, with only four industries seeing net inflows [1] - The oil and petrochemical industry had the highest net inflow of 558 million yuan, followed by the home appliance sector with a net inflow of 479 million yuan [1] Electronic Industry Performance - Within the electronic industry, there were 468 stocks, with 157 rising and 303 falling; three stocks hit the daily limit up [2] - The top three stocks with significant net inflows were Haiguang Information (net inflow of 642 million yuan), Xiangnong Chip (408 million yuan), and Founder Technology (324 million yuan) [2] - The electronic industry experienced a net outflow of 8.021 billion yuan, with the largest outflows from stocks like Zhaoyi Innovation (1.050 billion yuan), Industrial Fulian (1.016 billion yuan), and Wentai Technology (990 million yuan) [2][3] Top Gainers in Electronic Industry - The top gainers in the electronic sector included Haiguang Information (up 2.06%), Xiangnong Chip (up 2.68%), and Founder Technology (up 4.79%) [2] - Other notable gainers were Cambrian (up 4.42%) and Canxin (up 7.28%) [2] Top Losers in Electronic Industry - The stocks with the largest capital outflows included Zhaoyi Innovation (down 3.69%), Industrial Fulian (down 3.74%), and Wentai Technology (down 3.24%) [3] - Other significant decliners were Shenghong Technology (down 0.91%) and Huatian Technology (down 6.26%) [3]

Core Insights - The "Second Golden Unicorn Best Investment Advisor Selection" event is currently ongoing, with over 3,000 professional investment advisors participating in simulated trading competitions aimed at enhancing the wealth management industry in China [1]. Group 1: Top Stocks by Purchase Frequency - The top ten stocks by purchase frequency on October 22 are led by Xinyi Technology (sz300502), followed by Shangwei New Materials (sh688585) and Jucan Optoelectronics (sz300708) [1]. Group 2: Top Stocks by Purchase Amount - The top ten stocks by purchase amount on October 22 are led by Changchuan Technology (sz300604), followed by Zhongji Xuchuang (sz300308) and Xinyi Technology (sz300502) [2]. Group 3: Event Structure and Data Explanation - The event includes an investment capability evaluation segment divided into three groups: stock simulation, on-site ETF simulation, and public fund simulation configuration, with specific trading rules regarding holding proportions, maximum drawdown, and rebalancing frequency [4]. - The data presented is based on simulated trading and does not reflect actual trading conditions, serving only as a reference [4].