研报掘金丨华源证券：维持长电科技“增持”评级，新一轮股权激励计划

Core Viewpoint - Changdian Technology has launched a new round of equity incentive plans, reflecting its confidence in development and aiming to enhance team cohesion and talent stability [1] Group 1: Incentive Plan - The incentive plan is expected to establish and improve the company's long-term incentive mechanism [1] - It aims to strengthen team cohesion and stabilize the talent pool [1] Group 2: Focus Areas - The company focuses on key application areas such as high computing power, AI edge, and automotive sectors [1] - It possesses industry-leading advanced semiconductor packaging technology [1] Group 3: Financial Outlook - With cost reduction and efficiency enhancement measures being solidified, production capacity is gradually being released [1] - The proportion of high-end products is expected to increase, leading to potential profit elasticity in the future [1] Group 4: Market Demand - There is strong demand for advanced packaging in downstream applications like AI computing and automotive [1] - The company continues to invest in technology and expand capacity in the advanced packaging field [1] - The rating of "buy" is maintained based on these factors [1]