Core Viewpoint - The lighting equipment sector experienced a decline of 0.77% on December 26, with Greer leading the drop, while the Shanghai Composite Index rose by 0.1% and the Shenzhen Component Index increased by 0.54% [1]. Group 1: Market Performance - The closing price of Greer was 18.40, down by 2.08%, with a trading volume of 11,600 and a transaction amount of 21.44 million [2]. - The lighting equipment sector saw a net outflow of 9.07 million from institutional funds and 9.51 million from speculative funds, while retail investors had a net inflow of 18.59 million [2]. Group 2: Individual Stock Performance - Lianyu Co. (001326) closed at 46.35, up by 9.99%, with a trading volume of 20,900 and a transaction amount of 95.86 million [1]. - Xiaosong Co. (002723) closed at 8.59, up by 2.38%, with a trading volume of 173,600 and a transaction amount of 148 million [1]. - The stock of Greer (920641) had a net outflow of 735,900 from institutional funds, with a speculative net outflow of 3.17 million and a retail net outflow of 960,100 [3].

Market Performance - The US stock market closed higher, with the S&P 500 index reaching a new high. The Dow Jones increased by 0.16%, the S&P 500 rose by 0.46%, and the Nasdaq gained 0.57% [1] - Major tech stocks performed well, with Nvidia up 3.01%, Broadcom up 2.30%, Amazon up 1.62%, and Google A shares up 1.48% [1] Commodity Prices - Spot silver continued its strong performance, reaching a new historical high, increasing by 3% to $71.06 per ounce, with a year-to-date increase of 145% [2] - Spot gold rose by 0.8%, reaching $4478.52 per ounce, hitting a record high during the trading session [3] - International oil prices slightly increased, with New York crude oil futures closing at $58.38 per barrel [4] Regulatory Developments - The National Development and Reform Commission, Ministry of Education, and Ministry of Finance in China issued a notice to improve kindergarten fee policies, emphasizing the need for financial transparency and regulation of fees [4] - A new regulation on food safety in live-streaming e-commerce is set to be published, outlining responsibilities for platform operators and marketing personnel [5][6] Corporate News - Sunac China announced that approximately $9.6 billion of its existing offshore debt has been fully released and exempted [6] - Haibo Technology plans to invest 2 billion yuan to build a smart green energy storage factory [6] - Bethel plans to issue H-shares and list on the Hong Kong Stock Exchange [6] - Ningbo Port intends to acquire 100% equity of Zhoushan Port Comprehensive Bonded Zone for 706 million yuan [6]

证券日报网讯 12月22日晚间，民爆光电发布公告称，公司2025年第四次临时股东会审议通过《关于提 请股东会授权董事会办理2025年限制性股票激励计划相关事项的议案》等多项议案。 （文章来源：证券日报） ...

证券日报网讯12月22日，民爆光电（301362）在互动平台回答投资者提问时表示，截至2025年12月19 日，公司股东总数为6937户。 ...

北京市金杜（深圳）律师事务所 1．经公司 2025 年第二次临时股东大会审议通过的《公司章程》； 2．公司 2025 年 12 月 5 日刊登于巨潮资讯网及深圳证券交易所网站的《深 圳民爆光电股份有限公司第三届董事会第五次会议决议公告》； 1 3．公司 2025 年 12 月 5 日刊登于巨潮资讯网及深圳证券交易所网站的《深 圳民爆光电股份有限公司关于召开 2025 年第四次临时股东会的通知》（以下简 称《股东会通知》）； 4．公司本次股东会股权登记日的股东名册； 关于深圳民爆光电股份有限公司 2025 年第四次临时股东会的 法律意见书 致：深圳民爆光电股份有限公司 北京市金杜（深圳）律师事务所（以下简称本所）接受深圳民爆光电股份有 限公司（以下简称公司）的委托，根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督 管理委员会《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共 和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港特别行 政区、中国澳门特别行政区和中国台湾省）现行有效的法律、行政法规、规章、 规范性文件和现行有效 ...

深圳民爆光电股份有限公司 2025 年第四次临时股东会决议公告 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。 特别提示： 1、本次股东会没有否决、补充或修改提案的情况。 2、本次股东会未涉及变更以往股东会已经通过的决议。 一、会议召开情况 证券代码：301362 证券简称：民爆光电 公告编号：2025-058 1、现场会议召开时间：2025 年 12 月 22 日（星期一）下午 14:45。 2、会议召集人：公司董事会 3、会议主持人：公司董事长谢祖华先生 4、现场会议地点：深圳市宝安区福永街道（福园一路西侧）润恒工业厂区 2# 厂房 5 楼大会议室。 5、网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025 年 12 月 22 日上午 9:15—9:25，9:30—11:30 和下午 13:00—15:00；通过深圳证 券交易所互联网投票系统投票的具体时间为：2025 年 12 月 22 日上午 9:15—下午 15:00 期间的任何时间。 6、会议召开方式：本次会议采取现场投票与网络投票相结合的方式。 7、本次股东会的召集、召开符 ...

深圳民爆光电股份有限公司 证券代码：301362 证券简称：民爆光电 公告编号：2025-056 关于 2025 年限制性股票激励计划内幕信息知情人 买卖公司股票情况的自查报告 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。 在自查期间，有 2 名核查对象存在公司股票交易行为，其他核查对象均不存在 买卖公司股票的行为。该 2 名核查对象在自查期间买卖公司股票的行为均发生在知 悉本激励计划之前，系基于个人对市场独立判断和资金安排所作出的正常交易，与 本激励计划不存在任何关联，不存在利用拟实施的股票激励计划进行内幕交易、操 纵股票交易价格或进行其他任何形式的证券欺诈活动的情形。 三、结论 公司在筹划本激励计划事项过程中已按照相关规定采取了相应保密措施，严格 限定了内幕信息人员的范围，对接触到内幕信息的相关公司人员及中介机构及时进 行了登记；公司在本激励计划公告前，未发生内幕信息泄露的情形。经核查，未发 现相关内幕信息知情人在自查期间存在利用与本激励计划相关的内幕信息进行股票 买卖或泄露本激励计划内幕信息的情形，所有核查对象的行为均符合《管理办法》 深圳民爆光电股份 ...

证券代码：301362 证券简称：民爆光电 公告编号：2025-057 一、公示情况及核查方式 1、公示内容：本激励计划拟授予的激励对象姓名和职务 2、公示时间：2025 年 12 月 5 日至 2025 年 12 月 14 日 3、公示方式：公司内部 OA 系统公示 4、反馈方式：在公示期限内，公司员工可以通过邮件及当面反馈等方式向 董事会薪酬与考核委员会进行反馈，公司董事会薪酬与考核委员会对相关反馈进 行记录。 截至 2025 年 12 月 14 日公示期满，公司董事会薪酬与考核委员会未接到任 何组织或个人对本激励计划拟授予激励对象名单提出的异议。 公司董事会薪酬与考核委员会核查了本激励计划拟授予激励对象的名单、人 员身份证件信息、与公司（含下属子公司及分公司，下同）存在劳动关系或聘用 关系证明等文件。 深圳民爆光电股份有限公司 董事会薪酬与考核委员会关于公司 2025 年限制性股票激励 计划激励对象名单的核查意见及公示情况的说明 深圳民爆光电股份有限公司（以下简称"公司"）于 2025 年 12 月 4 日召开第 三届董事会第五次会议，审议通过《关于〈2025 年限制性股票激励计划（草案）〉 及其摘要的 ...

Core Viewpoint - The announcement of the restricted stock incentive plan by Minbao Optoelectronics (301362.SZ) reflects the company's confidence in its future development and recognition of its value amidst intensified global competition and rapid technological iteration in the LED lighting industry [1] Group 1: Industry Necessity - The design of the incentive plan demonstrates the maturity of corporate governance, with a grant price of 20.91 yuan per share set at 50% of the average price over the previous 20 trading days, complying with regulatory requirements [2] - The selection of incentive recipients focuses on core technical personnel, business backbones, and middle management, covering critical areas such as R&D, overseas market expansion, production, and supply chain management, which are essential for the company's competitiveness [2] - Minbao Optoelectronics is expanding from commercial lighting into four specialized lighting sectors: plant lighting, emergency lighting, medical beauty lighting, and explosion-proof lighting, with each segment aiming for revenues of over 100-150 million yuan in the next 2-3 years [2] Group 2: Growth Anchors - The core value of the stock incentive lies in promoting growth through a dual assessment system of "company + individual," with revenue growth rate as the key performance indicator, reflecting the company's strategic focus on overseas market share [3] - The performance assessment system links incentive rewards directly to individual contributions, creating a positive cycle between company growth and personal income enhancement [3] - The financial impact of the incentive plan is expected to be limited in terms of profit dilution, while the positive effects on management efficiency and talent stability are anticipated to outweigh short-term costs [3] Group 3: Overall Assessment - The stock incentive plan represents an active exploration of market mechanisms to stimulate internal motivation, with the underlying governance upgrade logic being significant for investors [4] - The ultimate value judgment will depend on the successful implementation of the plan and performance realization, which is a necessary path for the company's growth and requires patience from investors [4]

Core Viewpoint - The company has maintained stable profitability and ample cash flow since its listing, ensuring that dividend payments do not affect normal operations and future development [2] Group 1: Financial Performance - The company's dividend policy aligns with its financial status and development stage, reflecting a commitment to sharing the results of its growth with all shareholders [2] - The dividend distribution is conducted in accordance with relevant laws, regulations, and the company's articles of association, having undergone proper procedural review [2] Group 2: Shareholder Engagement - The dividend policy is designed to benefit all shareholders, with distributions made according to their respective shareholding proportions [2]