Core Viewpoint - Huajin Securities recently initiated coverage on Dalian Technology (300679) with a "buy" rating, highlighting its role as a pioneer in domestic automotive connector replacement and its growth driven by intelligent driving and consumer recovery [1] Investment Highlights - The company focuses on providing stable and efficient electronic and circuit connection products, particularly in RF signal transmission and shielding, applicable in smart mobile terminals, fuel and new energy vehicles, IoT modules, and smart home appliances [2] - In 2024, the company is projected to achieve revenue of 4.661 billion yuan, a year-on-year increase of 48.97%, and a net profit of 622 million yuan, up 74.73% [2] - For Q1 2025, the company reported revenue of 1.196 billion yuan, a 15.02% increase year-on-year, but a net profit decline of 23.80% to 123 million yuan [2] Automotive Sector Growth - The acceleration of electric and intelligent vehicle development is driving rapid growth in the company's automotive connector business, with significant demand for RF, high-speed, and high-voltage connectors [3] - The company has established a strong presence in the RF connector market, supplying major domestic automakers and focusing on enhancing its product offerings in intelligent driving solutions and laser radar collaborations [3] Consumer Electronics Recovery - The consumer electronics sector is showing signs of recovery, with the company benefiting from increased demand for both mobile and non-mobile electronic connectors [4] - The company has become a core supplier for major smartphone brands, maintaining a stable market share and profitability in the RF connector segment [4] - The company is expanding its BTB product line, leveraging its existing market channels and aiming for significant revenue growth in the coming years [4] AI Applications - The company is actively exploring applications for its high-frequency and high-speed connectors in the AI sector, particularly in humanoid robots and AI data centers [5] - Collaborations with upstream chip manufacturers and machine design firms are planned to capitalize on the growing market for AI-related products [5] Financial Projections - Revenue forecasts for 2025, 2026, and 2027 are 5.909 billion yuan, 7.398 billion yuan, and 9.043 billion yuan, with year-on-year growth rates of 26.8%, 25.2%, and 22.2% respectively [6] - Corresponding net profits are projected to be 798 million yuan, 1.012 billion yuan, and 1.270 billion yuan, with growth rates of 28.2%, 26.8%, and 25.5% [6]

Group 1 - The core index of the CSI 500 Electronic Terminal and Components Index is reported at 17798.16 points, with a monthly increase of 2.81%, a three-month increase of 11.11%, and a year-to-date increase of 6.37% [1] - The CSI 500 index is categorized into 11 primary industries, 35 secondary industries, and over 90 tertiary industries, providing a comprehensive analysis tool for investors [1] - The top ten holdings in the CSI 500 Electronic Terminal and Components Index include China Great Wall (13.89%), Newland (10.92%), and XW Communication (10.6%) [1] Group 2 - The CSI 500 Electronic Terminal and Components Index is composed entirely of the Information Technology sector, with a sample adjustment occurring biannually [2] - The weight factors of the index are adjusted in accordance with the sample adjustments, which take place on the second Friday of June and December [2] - In cases of special events affecting sample companies, such as mergers or delistings, the index will undergo corresponding adjustments [2]

Core Viewpoint - The company announced the first grant of restricted stock under the 2022 incentive plan, detailing the conditions for the first and second unlock periods for restricted shares, with specific numbers and percentages outlined for eligible participants [1][2][3]. Summary by Sections Incentive Plan Overview - The company held meetings on June 25, 2025, to approve the conditions for the first unlock period of the restricted stock incentive plan, allowing 544,600 shares to be listed for trading [2]. - The incentive plan includes two types of restricted stocks, with the first type being issued at a price of 19.01 yuan per share [3]. Unlocking Conditions - The first unlock period allows for 30% of the shares to be released after 12 months from the grant date, with subsequent unlock periods allowing for 40% and 30% respectively [3][4]. - The second unlock period for reserved shares allows for 50% to be released after 24 months from the grant date [4]. Performance Metrics - The performance targets for unlocking shares are based on annual revenue and net profit growth rates, with specific targets set for 2022, 2023, and 2024 [5][19]. - For 2022, the revenue growth target was set at 10%, while the net profit growth target was not specified [5]. Shareholder Approval and Adjustments - The company has undergone several meetings to adjust the incentive plan, including changes to the grant price due to the completion of the 2021 equity distribution [24]. - The grant price for the first type of restricted stock was adjusted from 19.01 yuan to 18.65 yuan per share [24]. Unlocking Results - As of July 16, 2025, a total of 54,600 shares will be released, with 28.71 million shares from the first unlock period and 25.75 million shares from the reserved grant [1][25]. - The company reported that all performance conditions for the unlocking of shares have been met, allowing for the release of shares as planned [19][26].

证券代码：300679 证券简称：电连技术 公告编号：2025-062 电连技术股份有限公司 关于2022年限制性股票激励计划第二类限制性股票 首次授予第三个归属期及预留授予第二个归属期 归属结果暨股份上市的公告 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。 重要内容提示： 1、本次第二类限制性股票上市流通日：2025年7月16日。 2、本次第二类限制性股票归属数量：103.53万股，占目前公司总股本的0.24%。 3、本次第二类限制性股票归属人数：201人。其中，首次授予第三个归属期符合 资格的激励对象共计199人，预留授予第二个归属期符合资格的激励对象共计2人。 4、本次第二类限制性股票归属股票来源：公司向激励对象定向发行公司A股普通 股股票。 电连技术股份有限公司（以下简称"公司"）于2025年6月25日分别召开第四届 董事会第五次会议和第四届监事会第五次会议，审议通过了《关于2022年限制性股票 激励计划第二类限制性股票首次授予第三个归属期及预留授予第二个归属期归属条件 成就的议案》，近日，公司办理完成了2022年限制性股票激励计划第二类限制性股票 ...

证券代码：300679 证券简称：电连技术 公告编号：2025-061 电连技术股份有限公司 关于2022年限制性股票激励计划第一类限制性股票首次授予 第三个解除限售期及预留授予第二个解除限售期 解除限售股份上市流通的提示性公告 重要内容提示： 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。 重要内容提示： 1、经中国证券登记结算有限责任公司深圳分公司确认，本次解除限售股份可上市 流通的日期为：2025年7月16日。 2、公司2022年限制性股票激励计划本次可解除限售的激励对象共计19名，限制性 股票共计54.46万股，占公司当前总股本的0.1285%。其中，首次授予第三个解除限售期 符合资格的激励对象共计13名，可解除限售的第一类限制性股票共计28.71万股；预留授 予第二个解除限售期符合资格的激励对象共计6名，可解除限售的第一类限制性股票共 计25.75万股。 电连技术股份有限公司（以下简称"公司"）于2025年6月25日分别召开第四届董事 会第五次会议和第四届监事会第五次会议，审议通过《关于2022年限制性股票激励计划 第一类限制性股票首次授予第三个解除 ...

智通财经APP获悉，7月7日共有30家上市公司的限售股解禁，解禁总市值约156.57亿元。 今日具体限售解禁股情况如下： | 股票简称 | 股票代码 | 限售股类型 | 解禁股数 | | --- | --- | --- | --- | | 厦门信达 | 000701 | 股权激励限售流通 | 453.78万 | | 钱江摩托 | 000913 | 股权激励限售流通 | 11.75万 | | 神火股份 | 000933 | 股权激励限售流通 | 519.92万 | | 厦门象屿 | 600057 | 股权激励限售流通 | 2833.65万 | | 内蒙一机 | 600967 | 股权激励限售流通 | 20.63万 | | 博威合金 | 601137 | 股权激励限售流通 | 72万 | | 科博达 | 603786 | 股权激励限售流通 | 154.24万 | | 建科股份 | 301115 | 股权激励限售流通 | 9万 | | 金河生物 | 002688 | 股权激励限售流通 | 641.1万 | | 天铁股份 | 300587 | 股权激励限售流通 | 210.44万 | | 盛帮股份 | 301233 ...

Core Viewpoint - The company has announced the achievement of vesting conditions for the second category of restricted stock under its 2022 incentive plan, allowing for the vesting of 973,000 shares at an adjusted grant price of 25.24 yuan per share [1][17]. Summary by Sections 1. Overview of the 2022 Restricted Stock Incentive Plan - The company held a shareholder meeting on October 17, 2023, approving the incentive plan which includes two categories of restricted stock [2]. - The grant price for the second category of restricted stock is set at 26.61 yuan per share, with adjustments possible due to corporate actions [2][3]. 2. Vesting Arrangements - The vesting schedule for the first grant of the second category of restricted stock includes three vesting periods: 30% after 12 months, 40% after 24 months, and 30% after 36 months from the grant date [3][4]. - For the reserved grants, the vesting conditions are similar, with adjustments based on the timing of the grant [4]. 3. Performance Assessment Criteria - The performance assessment for vesting includes annual targets for revenue growth and net profit growth from 2022 to 2024 [5][20]. - Specific targets include a revenue growth rate of 10% for 2022, 20% for 2023, and 20% for 2024, with corresponding net profit growth rates [5][20]. 4. Approval Process - The company has followed a structured approval process, including board meetings and shareholder approvals, to implement the incentive plan [6][8][9]. - Legal opinions and independent assessments were obtained to ensure compliance with regulations [7][8]. 5. Current Vesting Status - As of the latest board meeting, 201 eligible participants have met the vesting conditions, with a total of 1,035,300 shares available for vesting [17][27]. - The breakdown includes 978,300 shares for the first grant and 57,000 shares for reserved grants [17][26]. 6. Financial Impact - The company will account for the fair value of the vested shares in accordance with accounting standards, impacting its financial statements [28].

上海君澜律师事务所 关于 电连技术股份有限公司 2022 年限制性股票激励计划 调整、作废、解除限售及归属相关事项 之 法律意见书 二〇二五年六月 上海君澜律师事务所 法律意见书 上海君澜律师事务所 关于电连技术股份有限公司 2022 年限制性股票激励计划 调整、作废、解除限售及归属相关事项之 法律意见书 致：电连技术股份有限公司 上海君澜律师事务所（以下简称"本所"）接受电连技术股份有限公司（以下简称 "公司"或"电连技术"）的委托，根据《上市公司股权激励管理办法》（以下简称 "《管理办法》"）、《深圳证券交易所创业板股票上市规则》（以下简称"《上市 规则》"）、《深圳证券交易所创业板上市公司自律监管指南第 1 号—业务办理》 （以下简称"《监管指南》"）、《电连技术股份有限公司 2022 年限制性股票激励计 划（修订稿）》（以下简称"《激励计划》"或"本次激励计划"）的规定，就电连 技术本次激励计划调整授予价格（以下简称"本次调整"）、作废部分已授予但尚未 归属的限制性股票（以下简称"本次作废"）、第一类限制性股票首次授予第三个解 除限售期及预留授予第二个解除限售期解除限售条件成就（以下简称"本次解除限 ...

证券代码：300679 证券简称：电连技术 公告编号：2025-056 电连技术股份有限公司 关于2022年限制性股票激励计划第一类限制性股票首次授予第三个解除 限售期及预留授予第二个解除限售期解除限售条件成就的公告 重要内容提示： 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。 重要内容提示： 公司于2023年10月17日召开了2023年第三次临时股东大会，会议审议通过了《关 于<电连技术股份有限公司2022年限制性股票激励计划（草案修订稿）>及其摘要的议 案》等议案，本激励计划采取的激励形式为限制性股票，包括第一类限制性股票和第 二类限制性股票，《激励计划》有关第一类限制性股票的主要内容如下： （一）股票来源：公司向激励对象定向发行的本公司人民币 A 股普通股股票。 （二）授予价格：首次授予的第一类限制性股票的授予价格为 19.01 元/股，预留部 分第一类限制性股票授予价格与首次授予的第一类限制性股票价格相同。 （三）激励对象范围：在公司（含子公司）任职的董事、高级管理人员及核心骨干， 不含电连技术独立董事、监事及外籍员工。 （四）首次及预留授予的第一类 ...

上海信公轶禾企业管理咨询有限公司 关于电连技术股份有限公司 2022 年限制性股票激励计划 首次授予第三个解除限售期及预留授予第 二个解除限售期解除限售相关事项 之 独立财务顾问报告 二〇二五年六月 上海信公轶禾企业管理咨询有限公司 独立财务顾问报告 目 录 | 第一章 | 声 明 3 | | --- | --- | | 第二章 | 释 义 5 | | 第三章 | 基本假设 7 | | 第四章 | 本激励计划履行的审批程序 8 | | 第五章 | 本激励计划第一类限制性股票解除限售条件成就情况 11 | | | 一、第一类限制性股票首次授予第三个解除限售期解除限售条件成就的说明 11 | | | 二、第一类限制性股票预留授予第二个解除限售期解除限售条件成就的说明 13 | | | 三、关于本次第一类限制性股票解除限售与已披露的激励计划存在差异的说明 .. 15 | | 第六章 | 本次激励计划第一类限制性股票解除限售情况 17 | | | 一、第一类限制性股票首次授予第三个解除限售期解除限售情况 17 | | | 二、第一类限制性股票预留授予第二个解除限售期解除限售情况 17 | | 第七章 | 独立财务顾问 ...