宇晶股份推2025期权激励绑定核心骨干 海外订单+半导体布局支撑业绩增长

Core Viewpoint - Hunan Yujing Machinery Co., Ltd. (Yujing Co., 002943) has announced a stock option incentive plan aimed at binding the interests of core personnel to the company's long-term development, with specific performance targets set for revenue and net profit growth from 2026 to 2028 [1][2] Group 1: Incentive Plan Details - The company plans to grant up to 2.2 million stock options to 10 core employees, with an exercise price of 26.95 yuan per share, representing 1.07% of the current total share capital of 205 million shares [1] - The performance targets for the stock options include: 2026 revenue of no less than 1.2 billion yuan or net profit of no less than 192 million yuan; 2027 revenue of no less than 1.56 billion yuan or net profit of no less than 250 million yuan; 2028 revenue of no less than 2.028 billion yuan or net profit of no less than 324 million yuan [1] Group 2: Business Growth and Market Position - Yujing Co. has experienced rapid revenue growth due to increased demand in the photovoltaic installation sector, and has signed a tripartite contract worth approximately 20.2 million yuan, which will support performance growth in 2024 [2] - The company has diversified its growth engines by developing high-precision multi-wire cutting machines and polishing machines, which are widely used in the processing of hard and brittle materials for consumer electronics and semiconductors [2] - The demand for silicon carbide, a core material for third-generation semiconductors, is rapidly increasing, with Yujing Co. already achieving mass sales of 6-inch to 8-inch silicon carbide substrate processing equipment [3] Group 3: Industry Context and Future Outlook - The silicon carbide substrate market is in a critical phase of size upgrade, with increasing demand for 12-inch wafer processing equipment, indicating significant growth potential in the industry [3] - Despite the current adjustment period in the photovoltaic industry, there are emerging market opportunities driven by overseas demand growth and new technology iterations, making the timing of the stock option incentive plan reasonable and forward-looking [3]