VeriSilicon(SH:688521) Zhong Guo Zheng Quan Bao·2025-10-16 11:25Core Viewpoint - Chip Origin Co., Ltd. has announced its 2025 Restricted Stock Incentive Plan, aiming to establish a long-term incentive mechanism while ensuring shareholder interests are protected [1] Group 1: Incentive Plan Details - The company plans to grant up to 6.493 million shares of restricted stock to no more than 1,123 incentive recipients, representing 55.76% of the total employee count as of last year [1] - The grant price is set at 84.58 yuan per share, which is 50% of the average price on the trading day prior to the announcement, adhering to the principle of "constraint and equivalence" [1] Group 2: Performance Expectations - For Q3 2025, the company expects to achieve a revenue of 1.284 billion yuan, marking a historical high with a quarter-on-quarter increase of 119.74% and a year-on-year increase of 78.77% [2] - The company anticipates new orders of 1.593 billion yuan in Q3 2025, a significant year-on-year increase of 145.80%, with a backlog of orders reaching 3.286 billion yuan by the end of Q3 2025 [2] Group 3: Employee Engagement and Retention - The company emphasizes a "shared ownership" philosophy, integrating stock incentives into its overall compensation system to foster long-term employee development [3] - Previous stock incentive plans were implemented in 2020 and 2022, covering 47.86% and 86.33% of employees respectively, indicating a strong focus on talent retention and development [3] Group 4: Structure of the Incentive Plan - The new incentive plan has a duration of 60 months, with vesting periods linked to performance metrics over three assessment years, ensuring alignment with both company and individual performance [4] - The performance assessment is based on revenue growth rates of 30%, 50%, and 75% for the years 2026 to 2028, with additional reference to the overall growth of the integrated circuit design industry [4] Group 5: Talent Development and Corporate Culture - The company places high importance on attracting and nurturing talent, with recent graduates contributing to 77 patent applications since 2022 [5] - The corporate culture promotes fairness and care, earning the company recognition as a "Best Employer" in the chip industry for four consecutive years [5] Group 6: Industry Perspective - Stock incentive plans are becoming a crucial component of talent development in the semiconductor industry, enhancing employee cohesion and attracting top talent [6] - The current incentive plan aims to strengthen the company's market-oriented, long-term incentive and constraint mechanisms, supporting sustainable development and long-term value enhancement [6]