（1）最近 12 个月内被证券交易所认定为不适当人选； 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（首次授予日）的核查意见 苏州珂玛材料科技股份有限公司（以下简称"公司"）薪酬与考核委员会依 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》等相关 法律法规、规章及规范性文件和《苏州珂玛材料科技股份有限公司章程》（以下 简称"《公司章程》"）的有关规定，对公司 2025 年限制性股票激励计划（以下 简称"本次激励计划"）激励对象名单（首次授予日）进行了核查，发表核查意 见如下： （2）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； 1、本次激励计划的激励对象均不存在《管理办法》第八条规定的不得成为 激励对象的情形： 苏州珂玛材料科技股份有限公司 综上，公司薪酬与考核委员会认为，激励对象均符合相关法律法规、规章 及规范性文 ...

证券简称：珂玛科技 证券代码：301611 上海荣正企业咨询服务（集团） 一、释义 股份有限公司 关于 苏州珂玛材料科技股份有限公司 2025 年限制性股票激励计划 首次授予相关事项 之 独立财务顾问报告 2025 年 10 月 | | | | 独立财务顾问报 | | 指《上海荣正企业咨询服务（集团）股份有限公司关于苏 | | --- | --- | --- | | 告 | 指 | 州珂玛材料科技股份有限公司 2025 年限制性股票激励计划 | | | | 首次授予相关事项之独立财务顾问报告》 | | 本独立财务顾问 | 指 | 上海荣正企业咨询服务（集团）股份有限公司 | | 珂玛科技、本公 | | | | 司、公司、上市 | 指 | 苏州珂玛材料科技股份有限公司 | | 公司 | | | | 激励计划、本激励 | 指 | 苏州珂玛材料科技股份有限公司 2025 年限制性股票激励计 | | 计划、本计划 | | 划 | | 限制性股票、第 | | 符合本激励计划授予条件的激励对象，在满足相应归属条 | | 二类限制性股票 | 指 | 件后分次获得并登记的本公司股票 | | | | 按照本激励计划规定，获得限 ...

本所及本所律师依据《证券法》《律师事务所从事证券法律业务管理办法》和《律 师事务所证券法律业务执业规则（试行）》等规定，严格履行法定职责，遵循勤勉尽责 和诚实信用原则，对本法律意见书出具日以前已经发生或者存在的事实进行充分核查验 证，保证本法律意见书所认定的事实真实、准确、完整，所发表的结论性意见合法、准 25SH3100015/WM/kw/cm/D1 上海市通力律师事务所 关于苏州珂玛材料科技股份有限公司 2025 年限制性股票激励计划首次授予事项的法律意见书 致：苏州珂玛材料科技股份有限公司 敬启者： 上海市通力律师事务所（以下简称"本所"）受苏州珂玛材料科技股份有限公司（以 下简称"珂玛科技"或"公司"）委托，指派张征轶律师、马宇曈律师（以下简称"本 所律师"）作为公司特聘专项法律顾问，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》）、中国证券监督管理委员会（以 下简称"中国证监会"）发布的《上市公司股权激励管理办法》（以下简称《管理办法》）、 深圳证券交易所发布的《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 ...

证券代码：301611 证券简称：珂玛科技 公告编号：2025-054 苏州珂玛材料科技股份有限公司 第三届董事会第七次会议决议公告 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。 一、董事会召开情况 表决结果：同意的 7 票；反对的 0 票；弃权的 0 票。 （二）审议通过《关于向激励对象首次授予限制性股票的议案》 根据《上市公司股权激励管理办法》《苏州珂玛材料科技股份有限公司 2025 年 限制性股票激励计划（草案）》的相关规定和公司 2025 年第三次临时股东会的授权， 董事会认为公司 2025 年限制性股票激励计划规定的授予条件已经成就，同意以 2025 年 10 月 20 日为首次授予日，授予价格为 27.62 元/股，向 31 名激励对象授予 104.00 万股限制性股票。 董事会审议通过了该议案，具体内容详见同日刊登于巨潮资讯网（http://www.c ninfo.com.cn）上的《关于向激励对象首次授予限制性股票的公告》（公告编号：202 5-055）。 表决结果：同意的 7 票；反对的 0 票；弃权的 0 票。 苏州珂玛材料科技股份有限公 ...

Core Insights - On October 17, Kema Technology experienced a decline of 4.94% with a trading volume of 359 million yuan, indicating a significant market reaction [1] - The company reported a net financing outflow of 4.46 million yuan on the same day, with a total financing and securities balance of 488 million yuan, which is 6.15% of its market capitalization [1] - Kema Technology's revenue for the first half of 2025 reached 520 million yuan, reflecting a year-on-year growth of 35.34%, while net profit attributable to shareholders was 172 million yuan, up 23.52% [2] Financing and Securities - On October 17, Kema Technology had a financing buy-in of 29.58 million yuan and a repayment of 34.03 million yuan, resulting in a net buy-in of -4.46 million yuan [1] - The current financing balance of 488 million yuan is above the 90th percentile of the past year, indicating a high level of leverage [1] - The company also reported a securities lending situation where 1,700 shares were sold and 1,200 shares were repaid, with a total lending balance of 20,000 yuan, which is above the 70th percentile of the past year [1] Shareholder Structure - As of October 10, Kema Technology had 27,200 shareholders, a decrease of 1.64% from the previous period, with an average of 5,398 circulating shares per shareholder, an increase of 1.66% [2] - The top ten circulating shareholders include several new institutional investors, such as Guolian An Zhongzheng Semiconductor Products and Equipment ETF, which holds 642,200 shares [3] - Hong Kong Central Clearing Limited, one of the top shareholders, reduced its holdings by 98,800 shares compared to the previous period [3] Dividend Distribution - Kema Technology has distributed a total of 87.2 million yuan in dividends since its A-share listing, indicating a commitment to returning value to shareholders [3]

Core Viewpoint - Kema Technology is experiencing strong growth in its semiconductor structural components, driven by increasing customer demand in the semiconductor sector [1] Summary by Category Financial Performance - Revenue from advanced ceramic materials components in the semiconductor equipment sector for H1 2025 is projected to be 437 million yuan, compared to 305 million yuan in the same period of 2024, representing 91.59% and 89.52% of total advanced ceramic materials revenue respectively [1] - Sales revenue for semiconductor structural components reached 279 million yuan in H1 2025, reflecting a year-on-year increase of 66.06% [1] - Revenue from the "function-structure" modular products in the semiconductor sector for H1 2025 is expected to be 158 million yuan, showing a year-on-year growth of 15.66% [1] Strategic Initiatives - The company plans to issue convertible bonds to expand its production of structural functional modular ceramic components [1] Investment Rating - The company maintains a "Buy" rating based on its strong performance and growth prospects in the semiconductor sector [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Insights - The company is experiencing strong growth in semiconductor structural components, with revenue from advanced ceramic materials for semiconductor equipment reaching 437 million yuan in the first half of 2025, representing a year-on-year increase of 66.06% [4][5] - The company plans to issue convertible bonds to raise up to 750 million yuan for expanding production capacity of modular ceramic components and to meet the increasing domestic demand for key semiconductor equipment parts [6] - Revenue projections for the company are 1.119 billion yuan in 2025, 1.466 billion yuan in 2026, and 1.907 billion yuan in 2027, with net profits expected to be 421 million yuan, 578 million yuan, and 783 million yuan respectively [7][11] Company Overview - The latest closing price of the company's stock is 59.01 yuan, with a total market capitalization of 25.7 billion yuan and a circulating market value of 8.6 billion yuan [3] - The company has a debt-to-asset ratio of 22.8% and a price-to-earnings ratio of 72.85 [3] Financial Forecasts - The company is expected to achieve significant revenue growth rates of 78.45% in 2024, followed by 30.54% in 2025, and maintaining similar growth rates in subsequent years [11][12] - The projected earnings per share (EPS) are 0.71 yuan for 2024, increasing to 1.80 yuan by 2027 [11][12]

Core Insights - Kema Technology (301611) reported that as of October 10, 2025, the number of shareholders reached 27,154 [1] Company Summary - Kema Technology's shareholder count is projected to be 27,154 by October 10, 2025 [1]

Core Viewpoint - Company Kema Technology (珂玛科技) has begun small-scale shipments of ultra-pure silicon carbide kits and is expanding its customer base as its Anhui factory continues construction [1] Group 1: Product Development - The 6-inch non-porous silicon kits have passed validation from Northern Huachuang (北方华创) and secured multiple bulk orders [1] - The 8-inch non-porous silicon kits have also been validated by Northern Huachuang and are currently being promoted at the Fab level [1] - Some components of the 12-inch porous silicon kits, such as caps and thermal insulation sheets, have passed validation, while other components like crystal boats are still undergoing validation [1] Group 2: Market Expansion - The company aims to continue expanding its ultra-pure silicon carbide kit customer base as the Anhui factory progresses in its construction [1]

Core Insights - Company has begun small-scale shipments of ultra-pure silicon carbide kits, indicating progress in production capabilities [1] - The 6-inch non-porous silicon kits have passed validation from Northern Huachuang and secured multiple bulk orders, showcasing demand [1] - The 8-inch non-porous silicon kits are being promoted at the Fab level after validation, suggesting a positive trajectory for product adoption [1] - Certain components of the 12-inch porous silicon kits, such as caps and insulation sheets, have been validated, while others like crystal boats are still undergoing testing [1] - The ongoing construction of the Anhui factory is expected to further expand the customer base for ultra-pure silicon carbide kits [1]