2024年股票期权激励计划第一个行权期 行权条件成就暨注销部分股票期权事项的 法律意见书 广东华商律师事务所 二○二五年四月 法律意见书 广东华商律师事务所 关于深圳市隆利科技股份有限公司 地址：深圳市福田区深南大道4011号香港中旅大厦21A-3、22A、23A、24A、25A、26A 法律意见书 广东华商律师事务所 关于深圳市隆利科技股份有限公司 2024年股票期权激励计划第一个行权期行权条件成就 暨注销部分股票期权事项的 法律意见书 致：深圳市隆利科技股份有限公司 广东华商律师事务所（以下简称"本所"）受深圳市隆利科技股份有限公司 （以下简称"公司"或"隆利科技"）委托，作为公司实施 2024 年股票期权激 励计划（以下简称"本次激励计划"）的特聘专项法律顾问。现根据《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》）、《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自律监管指南第 1 号——业务办理》（以下简称《自律 监管指南》）等法律、法规、规章及规范性文件的相关规定，并结合《深圳市隆 利科技股份有限公司章程》（以下简称《公 ...

关于2024年股票期权激励计划第一个行权期 行权条件成就的公告 本公司及监事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误 导性陈述或者重大遗漏。 特别提示： 1、本次符合股票期权行权资格的激励对象人数：85名。 证券代码：300752 证券简称：隆利科技 公告编号：2025-032 深圳市隆利科技股份有限公司 本次可行权的股票期权尚需公司按规定办理行权手续之后方可行权，届时公司将另行 公告，敬请投资者关注。 深圳市隆利科技股份有限公司（以下简称"公司"）于2025年4月23日分别召开第三届 董事会第十七次会议和第三届监事会第十七次会议，审议通过《关于2024年股票期权激励 计划第一个行权期行权条件成就的议案》，根据《上市公司股权激励管理办法》《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》《2024年股票期权激励计划（草 案）》的有关规定，2024年股票期权激励计划（以下简称"本激励计划"）授予的股票期 权于第一个行权期满足行权条件，符合股票期权行权资格的激励对象共计85名，可行权的 股票期权数量共计325.55万份，有关情况如下： 一、股权激励计划简述及已履行的审议程序 （一 ...

监事会关于 2024 年股票期权激励计划第一个行权期符 合行权资格的激励对象名单的核查意见 本公司及监事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 深圳市隆利科技股份有限公司（以下简称"公司"）监事会依据《公司法》《证券法》 《上市公司股权激励管理办法》《深圳证券交易所创业板股票上市规则》《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》《公司章程》《2024 年股票期权激励计 划（草案）》等的有关规定，对 2024 年股票期权激励计划（以下简称"本激励计划"）第 一个行权期符合股票期权行权资格的激励对象名单进行核查，发表核查意见如下： 一、激励对象符合《公司法》《证券法》《公司章程》规定的任职资格；符合《深圳证 券交易所创业板股票上市规则》规定的激励对象条件，包括：1、不存在最近 12 个月内被证 券交易所认定为不适当人选的情形；2、不存在最近 12 个月内被中国证监会及其派出机构认 定为不适当人选的情形；3、不存在最近 12 个月内因重大违法违规行为被中国证监会及其派 出机构行政处罚或者采取市场禁入措施的情形；4、不存在具有《公司法》规定的不得担 ...

证券代码：300752 证券简称：隆利科技 公告编号：2025-030 深圳市隆利科技股份有限公司 关于注销 2024 年股票期权激励计划部分股票期权的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 一、会议召开情况 深圳市隆利科技股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开第三届董 事会第十七次（临时）会议和第三届监事会第十七次（临时）会议，审议通过《关于注销 2024 年股票期权激励计划部分股票期权的议案》，根据《上市公司股权激励管理办法》《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》《2024 年股票期权激励计划（草 案）》的有关规定，决定注销 2024 年股票期权激励计划（以下简称"本激励计划"）授予 的部分股票期权共计 48.15 万份，有关情况如下： 2、2024 年 3 月 5 日至 2024 年 3 月 15 日，公司对本激励计划授予的激励对象姓名及职 务在公司内部宣传栏进行了公示，在公示期内，公司监事会未收到任何与本次激励计划激励 对象名单有关的异议。2024 年 3 月 15 日，公司披 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 340,726,804.30, representing a 15.18% increase compared to CNY 295,823,910.97 in the same period last year[5] - Net profit attributable to shareholders was CNY 30,609,410.87, a significant increase of 51.88% from CNY 20,153,705.28 year-on-year[5] - The basic earnings per share increased by 55.56% to CNY 0.14 from CNY 0.09 in the same quarter last year[5] - Total operating revenue for the current period reached ¥340,726,804.30, an increase of 15.1% compared to ¥295,823,910.97 in the previous period[32] - Net profit for the current period was ¥30,609,048.09, representing a 51.6% increase from ¥20,153,300.53 in the previous period[33] - The total comprehensive income for the current period was ¥31,954,337.65, compared to ¥20,394,018.30 in the previous period, reflecting a growth of 56.5%[33] Cash Flow - The net cash flow from operating activities decreased by 104.35%, resulting in a negative cash flow of CNY -8,672,408.19 compared to CNY 199,162,982.18 in the previous year[5] - Operating cash flow decreased to -8,672,408.19 from 199,162,982.18, indicating a significant decline in cash generation from operations[34] - Total cash inflow from investment activities was 150,491,792.45, up from 135,421,643.84, reflecting a 5.93% increase[35] - Net cash flow from investment activities improved to -34,365,791.77 from -66,986,169.26, showing a reduction in cash outflow by 48.66%[35] - Cash and cash equivalents at the end of the period decreased to 308,454,978.27 from 415,731,284.38, a decline of 26.00%[35] - The company’s net cash flow from operating activities was negative, indicating challenges in maintaining positive cash flow from core operations[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,014,592,286.69, reflecting a 1.79% increase from CNY 1,979,247,497.98 at the end of the previous year[5] - Total liabilities rose to ¥824,736,847.42, up from ¥798,752,446.18, indicating a 3.2% increase[31] - The equity attributable to shareholders of the parent company reached ¥1,189,383,268.34, a slight increase from ¥1,180,022,518.09[31] Operating Costs - The company reported a 15.26% increase in operating costs, aligning with the growth in sales revenue[15] - Total operating costs amounted to ¥317,146,330.76, up 14.5% from ¥277,073,869.51 in the prior period[32] Investments and Financing - Investment activities generated a net cash flow increase of 48.70%, attributed to a reduction in cash paid for investments[18] - The company received 5,000,000.00 in cash from borrowings, marking a new source of financing[35] - Cash outflow from financing activities totaled 36,892,126.90, compared to 25,826,703.46 in the previous period, indicating an increase of 42.00%[35] Shareholder Information - The company announced a share repurchase plan on January 13, 2025, indicating a commitment to returning value to shareholders[23] - The company has disclosed the shareholding status of its top shareholders, with Wu Xinli holding 41.68% of the total shares, indicating a strong insider ownership[21] Research and Development - Research and development expenses for the current period were ¥19,313,989.08, an increase of 16.7% from ¥16,569,047.07 in the previous period[32] Other Information - The company has obtained a high-tech enterprise certificate, which may enhance its market competitiveness and innovation capabilities[27] - The company is preparing for a performance forecast for the fiscal year 2024, which may provide insights into future growth expectations[25] - The company has no other non-recurring profit and loss items beyond those reported[8] - The company reported a credit impairment loss of ¥5,675,923.28, compared to a gain of ¥4,716,811.16 in the prior period[33] - Other comprehensive income after tax for the current period was ¥1,345,289.56, up from ¥240,717.77 in the previous period[33] - The company reported a significant increase in prepayments, which rose to ¥804,266.28 from a previous amount of zero, indicating a new strategy in managing cash flow[29] - Contract liabilities increased by 413.90%, primarily due to an increase in advance payments from customers[12] - Inventory shares grew by 455.21% as a result of the company's share repurchase activities[13]

Financial Performance - The company's operating revenue for 2024 reached ¥1,320,131,909.64, representing a 28.64% increase compared to ¥1,026,254,682.16 in 2023[18]. - Net profit attributable to shareholders increased by 132.90% to ¥106,376,207.94 in 2024, up from ¥45,673,970.56 in 2023[18]. - The net profit after deducting non-recurring gains and losses surged by 1,813.63% to ¥93,577,338.84 in 2024, compared to ¥4,890,050.31 in 2023[18]. - The net cash flow from operating activities improved significantly to ¥347,652,233.67, a 330.75% increase from -¥150,662,156.74 in 2023[18]. - Basic and diluted earnings per share both rose to ¥0.47, reflecting a 123.81% increase from ¥0.21 in 2023[18]. - Total assets at the end of 2024 were ¥1,979,247,497.98, a 10.48% increase from ¥1,791,428,797.84 at the end of 2023[18]. - The company achieved an operating revenue of approximately 1.32 billion yuan and a net profit attributable to shareholders of 106.38 million yuan, representing a year-on-year growth of 132.9%[65]. - The company's total revenue for 2024 reached approximately ¥1.32 billion, representing a year-over-year increase of 28.64% compared to ¥1.03 billion in 2023[77]. Business Strategy and Development - The company has established a diversified business layout, including core businesses in mobile devices and automotive displays, as well as emerging sectors like AR/VR displays[38]. - The company is actively pursuing international development strategies, enhancing its reputation and fostering collaborations with top global firms to drive innovation[46]. - The company is expanding its business into new areas such as AR/VR displays and precision components, indicating a forward-looking growth strategy[50]. - The company aims to leverage new technologies like Micro-LED and LIPO to enhance product performance and reliability, further broadening its application fields[55]. - The company is committed to continuous innovation and technology development, enhancing its competitive strength in the display business[51]. - The company is actively exploring new strategies in the LCD display sector and has outlined its development goals for 2024[139]. - The company is focusing on market expansion and potential mergers and acquisitions to enhance its competitive position[139]. Research and Development - The company has applied for a total of 543 patents, including 155 invention patents, and has been granted 417 patents, with 50 being invention patents[56]. - The company increased R&D spending by 7.75% year-on-year, focusing on Mini-LED, Micro-LED, and OLED technologies[65]. - Research and development (R&D) expenditure amounted to ¥56,199,358.91 in 2024, representing 4.26% of total revenue, down from 5.08% in 2023[95]. - The number of R&D personnel increased by 12.42% to 344 in 2024, while the proportion of R&D staff to total employees decreased by 2.35%[95]. - The company is committed to ongoing research and development of new products and technologies to drive future growth[139]. Market Outlook - The company anticipates that AI will drive significant growth in the consumer electronics market, particularly in mobile devices[28]. - The automotive sector is projected to see a 4.5% increase in sales, with new energy vehicle sales expected to grow by 35.5% in 2024, enhancing the demand for in-car displays[29]. - The company provided a positive outlook for 2024, highlighting plans for market expansion and new product development in Mini-LED technology[141]. - The company is focusing on the development of Mini-LED backlight technology for automotive displays, which is expected to enhance market competitiveness[144]. - The company is exploring new strategies for market expansion, including potential mergers and acquisitions in the technology sector[143]. Corporate Governance - The company has a complete independent business system and operational capabilities, ensuring no reliance on the controlling shareholder's assets for production and operation[151]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[149]. - The company has a fully independent financial department, adhering to the Accounting Law and accounting standards, with no shared bank accounts with shareholders[152]. - The company maintains a transparent information disclosure system, ensuring timely and accurate communication with investors[149]. - The management team, including the general manager and other senior executives, strictly follows the company's regulations and board resolutions[149]. Risk Management - The company faces risks from intensified market competition, but plans to strengthen cooperation with existing major clients and explore new application areas to maintain its competitive edge[132]. - The company is addressing the risk of declining product prices by improving production technology, increasing efficiency, and expanding into new application fields such as automotive and gaming displays[133]. - The emergence of new technologies like OLED poses a risk to the company's LCD backlight module business, prompting the company to invest in R&D for OLED and Micro-LED technologies[134]. - The company is affected by US-China trade tensions, particularly in its smartphone and laptop segments, and is working to diversify its client base and expand into new markets[138]. Shareholder Engagement - The company held its first temporary shareholders' meeting on March 20, 2024, with an investor participation rate of 43.25%[155]. - The annual shareholders' meeting for 2023 took place on May 16, 2024, with a participation rate of 43.18%[155]. - The company is focused on maintaining a high level of shareholder engagement, as evidenced by the participation rates in its meetings[155]. - The company plans to provide detailed insights into its performance metrics and strategic initiatives in the upcoming investor relations activities[140]. Dividend Policy - The company reported a negative distributable profit for the 2023 fiscal year, thus not meeting the conditions for cash dividends[196]. - The company plans to issue 7 million stock options to 97 incentive targets as part of the 2024 stock option incentive plan[198]. - The company will not distribute cash dividends or issue new shares from capital reserves for the current year, focusing instead on long-term development and risk management[197].

Core Points - The Shanghai Composite Index closed at 3296.36 points, below the six-month moving average, with a slight decline of -0.10% [1] - The total trading volume of A-shares reached 12,624.62 billion yuan [1] - A total of 176 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary of Stocks Exceeding Six-Month Moving Average - Stocks with the highest deviation rates include: - Jiyang Precision (13.55% deviation, latest price 22.22 yuan) [1] - Weimao Electronics (10.89% deviation, latest price 29.94 yuan) [1] - Sanmu Group (9.55% deviation, latest price 4.06 yuan) [1] - Other notable stocks with smaller deviation rates include: - David Medical (just above the six-month line) [1] - Ice Wheel Environment (just above the six-month line) [1] - Ningbo United (just above the six-month line) [1] Additional Stock Performance Data - The performance of several stocks on the day includes: - Dongbei Group (9.98% increase, latest price 5.62 yuan) [1] - Fenghua Co. (10.03% increase, latest price 13.05 yuan) [1] - Niuwei Co. (7.78% increase, latest price 26.33 yuan) [1] - The trading turnover rates for these stocks vary, with some exceeding 30% [1]

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 27.6 CNY, indicating a potential upside from the current price of 18.16 CNY [5]. Core Viewpoints - The company has shown a strong recovery in profitability, achieving a net profit of 45.67 million CNY in 2023, compared to a loss in previous years, and is expected to continue this upward trend with projected profits of 103.46 million CNY in 2024 [4][25]. - The Mini LED backlight module market is expected to grow significantly, with a forecasted market size of 125 billion CNY by 2026, driven by the technology's advantages over traditional LCD displays [2][4]. - The company has established a strong competitive position in the Mini LED backlight module industry, leveraging its technological capabilities, customer relationships, and cost advantages [2][4]. Summary by Sections Company Overview - The company, established in 2007, specializes in the development, production, and sales of LED backlight display modules and has transitioned to focus on OLED narrow bezel technology [13][16]. - The company has formed partnerships with major players in the display industry, including BOE and TCL, and has a strong presence in various application fields such as mobile communications and automotive displays [13][16]. Mini LED Backlight Business - The company is positioned in the midstream segment of the Mini LED backlight module industry, focusing on design and manufacturing [34]. - The global Mini LED market is rapidly expanding, with significant growth expected in applications across consumer electronics, automotive displays, and VR devices [2][40]. - The company has invested heavily in Mini LED technology since 2016, achieving several technological breakthroughs and establishing a solid customer base [2][34]. OLED Narrow Bezel Technology - OLED technology is becoming the mainstream choice for small-sized displays, with a projected global penetration rate of 55% in smartphones by 2024 [3]. - The company has early investments in LIPO technology, which enhances the performance and reliability of OLED displays, positioning it well for future growth in this segment [3][4]. Financial Performance - The company experienced a decline in revenue from 2021 to 2023 but has successfully turned around its profitability, with a significant increase in gross margin from 6.4% in 2022 to 13.06% in 2023 [4][28]. - The company’s revenue is projected to grow to 1.3 billion CNY in 2024, with continued growth expected in subsequent years [4][25]. Research and Development - The company maintains a strong focus on R&D, with expenses constituting around 5% to 7% of revenue from 2021 to 2023, and has filed numerous patents in the Mini LED and Micro LED fields [28][30]. - The company is actively working on several innovative projects aimed at enhancing its product offerings and maintaining its competitive edge in the market [33].

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 27.6 CNY, indicating a potential upside from the current price of 18.16 CNY [5]. Core Views - The company has shown a strong recovery in profitability, achieving a net profit of 45.67 million CNY in 2023, compared to a loss in previous years, and is expected to continue this upward trend with projected profits of 103.46 million CNY in 2024 [4][25]. - The Mini LED backlight module market is expected to grow significantly, with the market projected to reach 125 billion CNY by 2026, driven by the technology's advantages over traditional LCD displays [2][4]. - The company has established a strong competitive position in the Mini LED backlight module industry, leveraging its technological advancements and a stable customer base [2][4]. Summary by Sections Company Overview - The company, established in 2007, specializes in the development, production, and sales of LED backlight display modules and has transitioned to focus on OLED narrow bezel technology [13][16]. - The company has formed partnerships with major players in the display industry, including BOE and TCL, and has maintained a leading position in the domestic LED backlight market [13][16]. Financial Performance - The company experienced revenue declines from 2021 to 2023 due to industry downturns but managed to turn a profit in 2023 with a net profit of 45.67 million CNY [4][25]. - The gross margin improved significantly from 6.4% in 2022 to 13.06% in 2023, reflecting effective cost management and operational efficiency [28][25]. Mini LED Business - The company is a key player in the Mini LED backlight module design and manufacturing segment, with a focus on technological innovation and cost reduction [2][34]. - The global Mini LED market is expanding rapidly, with significant growth expected in various applications, including consumer electronics and automotive displays [2][40]. OLED Narrow Bezel Technology - OLED technology is becoming the mainstream choice for small-sized displays, with a projected global penetration rate of 55% in smartphones by 2024 [3]. - The company has early investments in LIPO technology, which enhances the performance and reliability of OLED displays, positioning it well for future growth [3][4]. Investment Outlook - The report forecasts revenue growth for the company, projecting revenues of 12.98 billion CNY in 2024, 17.01 billion CNY in 2025, and 21.21 billion CNY in 2026 [4]. - The company is expected to achieve net profits of 1.03 billion CNY in 2024, 2.07 billion CNY in 2025, and 3.07 billion CNY in 2026, indicating strong growth potential [4].

Summary of LIPO Technology and Investment Opportunities Industry Overview - The document discusses the LIPO (Low-Pressure Injection Molding) technology, primarily used in mobile phone screen packaging, enhancing waterproof performance and drop resistance while reducing costs in other processes [2][4][5]. Key Points on LIPO Technology - LIPO technology allows for ultra-narrow bezels, reducing the width from over 2mm to below 1.5mm, and improves the overall aesthetics and functionality of mobile devices [5][6]. - Apple was the first to adopt LIPO technology in 2021 for the Apple Watch and has since integrated it into the iPhone 15 Pro series in 2023, with Android devices expected to follow suit starting in 2025 [2][6][7]. - The technology incurs an additional packaging cost of 20-30 yuan but offsets this by reducing costs associated with glue application and testing processes [2][5]. Market Potential - The global sales of small and medium-sized OLED smart terminals are projected to exceed 1.1 billion units by 2025, with smartphones accounting for approximately 660 million units [2][8]. - The penetration rate of OLED packaging technology in smartphones is expected to rise from 12% in 2025 to 55% by 2028, indicating significant growth potential for related companies [9]. Investment Opportunities - Key investment opportunities are identified in two areas: packaging processes (represented by Longli Technology) and photosensitive resin materials (represented by Debang Technology) [3][10]. - Longli Technology is positioned to benefit from the LIPO technology's adoption in smart terminals and is expected to see profits grow by 89% in 2025 and 52% in 2026 [4][13][14]. - Debang Technology, a major supplier of photosensitive resins, is projected to maintain high growth rates, with profits expected to reach 150 million yuan in 2025, a 72% increase year-on-year [12]. Competitive Advantages - Debang Technology has a strong position in the photosensitive resin market, with a market potential estimated between 1 to 2 billion yuan, and is involved in high-end electronic packaging materials, particularly in integrated circuits [11][12]. - Longli Technology holds a first-mover advantage in LIPO packaging processes and is also a leader in the automotive mini backlight business, which is expected to grow rapidly due to trends in automotive display technology [13]. Impact of Tariffs - Both Longli Technology and Debang Technology are minimally affected by U.S. tariffs due to their low direct export ratios (below 1%) [15]. - The potential for domestic substitution may actually benefit these companies in the long term, making current stock price corrections an attractive buying opportunity [15].