Core Viewpoint - The company, Wuhan LianTe Technology Co., Ltd., is experiencing a decline in stock price and trading volume, while its core business in optical communication modules shows significant growth potential due to advancements in technology and market demand. Company Overview - Wuhan LianTe Technology was established on October 28, 2011, and went public on September 13, 2022. The company specializes in the research, production, and sales of optical communication transceiver modules, with 92.72% of its revenue coming from 10G and above optical modules [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 847 million yuan, representing a year-on-year growth of 31.75%. The net profit attributable to shareholders was 81.8 million yuan, also reflecting a year-on-year increase of 31.39% [8]. Market Position and Trends - The optical module market is experiencing rapid growth, particularly in the data communication sector, which has surpassed the telecommunications market to become the largest segment. The demand for optical modules in 5G construction is expected to significantly boost the telecommunications market [2]. Technology and Product Development - The company has developed core capabilities in optical chip integration, high-speed optical devices, and high-speed optical module design and production. It is currently working on 800G optical modules and technologies required for next-generation products [2][3]. International Revenue Impact - As of the 2024 annual report, the company's overseas revenue accounted for 89.07%, benefiting from the depreciation of the Chinese yuan [2]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 24,900, with an average of 2,725 shares held per person, a decrease of 6.66% from the previous period. The stock has seen a net outflow of 21.9 million yuan from major investors, indicating a lack of strong control over the stock [5][8].

Core Viewpoint - The company, Wuhan LianTe Technology Co., Ltd., specializes in the research, production, and sales of optical communication transceiver modules, with a significant focus on high-speed optical modules and technologies related to 5G and data centers [7]. Company Overview - Wuhan LianTe Technology was established on October 28, 2011, and went public on September 13, 2022. The company primarily generates revenue from optical modules, with 92.72% from modules of 10G and above, 5.57% from modules below 10G, and 1.71% from material sales and leasing [7]. - As of September 30, 2025, the company reported a revenue of 847 million yuan, representing a year-on-year growth of 31.75%, and a net profit attributable to shareholders of 81.8 million yuan, also showing a growth of 31.39% [8]. Market Position and Trends - The company has developed core capabilities in optical chip integration, high-speed optical devices, and high-speed optical module design and production. It is currently working on 800G optical modules and technologies required for next-generation products [2]. - The optical module market is experiencing rapid growth, particularly in the data communication sector, which has surpassed the telecommunications market to become the largest market for optical modules. The demand for optical modules in the telecommunications sector is expected to increase significantly due to 5G construction [2][3]. Financial Performance - The company's overseas revenue accounts for 89.07% of its total revenue, benefiting from the depreciation of the Renminbi [3]. - The average trading cost of the company's shares is 114.44 yuan, with the stock price currently near a resistance level of 108.00 yuan, indicating potential for upward movement if this level is surpassed [6]. Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders increased to 24,900, with an average of 2,725 shares held per person, a decrease of 6.66% from the previous period [8]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited being the fourth largest shareholder, increasing its holdings by 533,300 shares [9].

Core Viewpoint - The CPO concept stocks in the A-share market experienced a collective decline, with several companies showing significant drops in their stock prices [1]. Group 1: Stock Performance - Yongding Co., Ltd. (600105) saw a decline of 6.53%, with a total market capitalization of 20.3 billion and a year-to-date increase of 182.25% [2]. - Changxin Bochuang (300548) dropped by 5.98%, with a market cap of 27.3 billion and a year-to-date increase of 102.19% [2]. - Guangku Technology (300620) fell by 5.39%, with a market cap of 24.6 billion and a year-to-date increase of 103.96% [2]. - Cambridge Technology (603083) decreased by 4.96%, with a market cap of 34.5 billion and a year-to-date increase of 147.37% [2]. - Taicheng Light (300570) declined by 4.84%, with a market cap of 20.8 billion and a year-to-date increase of 27.28% [2]. - Jepu Tech (688025) experienced a drop of 4.89%, with a market cap of 13.2 billion and a year-to-date increase of 194.80% [2]. - Tianfu Communication (300394) fell by 4.43%, with a market cap of 123 billion and a year-to-date increase of 144.51% [2]. - Sry New Materials (688102) decreased by 4.26%, with a market cap of 14.9 billion and a year-to-date increase of 120.63% [2]. - Juguang Technology (688167) saw a decline of 4.16%, with a market cap of 11.7 billion and a year-to-date increase of 103.55% [2]. - Lian Te Technology (301205) dropped by 3.71%, with a market cap of 13.6 billion and a year-to-date increase of 38.55% [2]. - Laimu Co., Ltd. (603633) decreased by 3.59%, with a market cap of 4.58 billion and a year-to-date increase of 31.69% [2]. - Zhongji Xuchuang (300308) fell by 3.47%, with a market cap of 502 billion and a year-to-date increase of 267.66% [2]. - Huilv Ecology (001267) saw a decline of 3.37%, with a market cap of 14.4 billion and a year-to-date increase of 141.49% [2].

Group 1 - Company LianTe Technology (SZ 301205) announced on November 11 that its 15th meeting of the second board of directors was held on November 10, 2025, to review the proposal for granting reserved restricted stocks to the incentive objects of the 2024 restricted stock incentive plan [1] - For the year 2024, LianTe Technology's revenue composition is 100.0% from the optical communication industry [1] - As of the report date, LianTe Technology has a market capitalization of 14.1 billion yuan [1] Group 2 - The chairman of Beijing University Pharmaceutical, Xu Xiren, was arrested, and prior to this, police had investigated the group's factory premises [1] - Internal sources indicate that the group's assets were disposed of by Xu, with a significant amount of funds unaccounted for [1]

| 序号 | 姓名 | 职务 | | --- | --- | --- | | 1 | 彭*赐 | 核心骨干员工 | 1、上述任何一名激励对象通过全部有效期内的股权激励计划获授的本公司股票累 计数均未超过公司股本总额的 1%。 2、本激励计划预留授予的激励对象不包括公司独立董事、监事、单独或合计持有 公司 5%以上股份的股东或实际控制人及其配偶、父母、子女。 二、核心骨干员工名单 武汉联特科技股份有限公司 2024年限制性股票激励计划预留授予（第二批）激 励对象名单（授予日） 一、预留授予限制性股票的分配情况 | 姓名 | 职务 | 国籍 | 获授的限制 性股票数量 | 占本激励计划 拟授出权益数 | 占授予日公司股 | | --- | --- | --- | --- | --- | --- | | | | | （万股） | 量的比例 | 本总额的比例 | | 核心骨干员工（合计 | 1 | 中国 | 2.00 | 1.20% | 0.02% | | 人） | | | | | | | 合计 | | | 2.00 | 1.20% | 0.02% | 注： 武汉联特科技股份有限公司董事会 2025 年 11 月 1 ...

东方财富证券股份有限公司 关于 武汉联特科技股份有限公司 2024 年限制性股票激励计划 预留授予（第二批）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 二〇二五年十一月 | | | 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，除非文义载明，以下简称具有如下含义： | 释义项 | | 释义内容 | | --- | --- | --- | | 联特科技、本公司、上市 | 指 | 武汉联特科技股份有限公司 | | 公司、公司 | | | | 本激励计划 | 指 | 联特科技 年限制性股票激励计划 2024 | | 《激励计划》 | 指 | 《武汉联特科技股份有限公司 2024 年限制性股票激励计 | | | | 划》 | | 本独立财务顾问报告 | 指 | 《东方财富证券股份有限公司关于联特科技 2024 年限制 性股票激励计划预留授予（第二批）相关事项之独立财务 | | | | 顾问报告》 | | 独立财务顾问、本独立财 务顾问 | 指 | 东方财富证券股份有限公司 | | 限制性股票 | 指 | 符合本激励计划授予条件的激励对象，在满足相应获益 ...

北京国枫律师事务所 关于武汉联特科技股份有限公司 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层 邮编: 100005 电话(Tel): 010—66090088/88004488 传真(Fax): 010—66090016 释 义 | | | | 联特科技、公司 | 指 | 武汉联特科技股份有限公司 | | --- | --- | --- | | 本激励计划 | 指 | 武汉联特科技股份有限公司 2024年限制性股票激励计划 | | 限制性股票、第 | 損 | 符合本激励计划授予条件的激励对象,在满足相应获益条件 | | 二类限制性股票 | | 后分次获得并登记的公司股票 | | 激励对象 | 指 | 按照本激励计划规定,获得限制性股票的公司(含分公司和 | | | | 控股子公司)高级管理人员、核心骨干员工 | | 授予日 | 損 | 公司向激励对象授予限制性股票的日期,授予日必须为交易 | | | | H | | 授予价格 | 指 | 公司向激励对象授予限制性股票时所确定的、激励对象获得 | | | | 公司股份的价格 | | 归属 | ...

武汉联特科技股份有限公司 （3）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； （4）具有《公司法》规定的不得担任公司董事、高级管理人员情形的； （5）法律法规规定不得参与上市公司股权激励的； 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(第二批)激励对象名单的核查意见 武汉联特科技股份有限公司（以下简称"公司"）于 2025 年 11 月 10 日召 开第二届董事会第十五次会议，审议通过了《关于向 2024 年限制性股票激励计 划激励对象授予预留限制性股票（第二批）的议案》，具体内容详见公司于 2025 年 11 月 10 日在巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 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》、《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》"）、《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"《自律监管指南》"）、《公司章程》的 ...

根据《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》 和公司《2024 年限制性股票激励计划》的有关规定，以及公司 2024 年第四次临 时股东大会的授权，董事会认为公司 2024 年限制性股票激励计划规定的预留部 分限制性股票授予条件已成就，同意以 2025 年 11 月 10 日为预留授予日（第二 批），以 39.17 元/股（调整后）的价格向符合条件的 1 名激励对象授予 2.00 万股 第二类限制性股票。剩余预留部分 10.00 万股限制性股票作废处理，未来不再授 予。 证券代码：301205 证券简称：联特科技 公告编号：2025-049 武汉联特科技股份有限公司 第二届董事会第十五次会议决议公告 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。 武汉联特科技股份有限公司（以下简称"公司"）第二届董事会第十五次会议 于 2025 年 11 月 10 日在公司会议室以现场结合通讯会议的方式召开。本次董事 会会议通知于 2025 年 11 月 6 日通过电子邮件等方式送达各位董事，本次董事会 应出席董事 9 人，实际出席董事 9 人，会议由 ...

证券代码：301205 证券简称：联特科技 公告编号：2025-048 武汉联特科技股份有限公司 关于向2024年限制性股票激励计划激励对象授予预 留限制性股票（第二批）的公告 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。 重要内容提示： 武汉联特科技股份有限公司（以下简称"公司"或"联特科技"）于 2025 年 11 月 10 日召开第二届董事会第十五次会议，审议通过了《关于向 2024 年限 制性股票激励计划激励对象授予预留限制性股票（第二批）的议案》，公司董事 会认为《武汉联特科技股份有限公司 2024 年限制性股票激励计划》（以下简称 "《激励计划》"或"本激励计划"）规定的预留部分限制性股票授予条件已经成 就，根据公司 2024 年第四次临时股东大会的授权，确定 2025 年 11 月 10 日为本 激励计划的预留授予日（第二批），向符合预留授予条件的 1 名激励对象授予 2.00 万股限制性股票，授予价格为 39.17 元/股。现将有关事项说明如下： 一、本激励计划概述 1、本激励计划的股票来源 本激励计划涉及的标的股票来源为公司向激励对象定向发 ...