EWPT(SZ:300115) 招商电子·2026-01-26 01:15Core Viewpoint - The company is expected to continue releasing profits from its main businesses in consumer electronics and new energy, with a strong positioning advantage in the robotics sector [1][3]. Group 1: Stock Incentive Plan - The company announced a stock option incentive plan for 2025, granting 14.262 million stock options to 870 key personnel, representing 1.0480% of the total share capital as of the announcement date, with an exercise price of 36.47 yuan per share [1]. - The total expense for the incentive plan is estimated at 0.97 million, distributed over the years 2026 to 2028 as 0.64 million, 0.31 million, and 0.017 million respectively [1]. - An employee stock ownership plan was also announced, with a repurchase price of 20.56 yuan per share, covering up to 31 individuals including directors and key employees, representing 0.21% of the total share capital at the time of announcement [1]. Group 2: 2025 Performance Forecast - The company forecasts a net profit attributable to shareholders of 545 million to 645 million yuan for 2025, a year-on-year decline of 29.36% to 17.70%, while the net profit excluding non-recurring items is expected to be 515 million to 605 million yuan, reflecting a growth of -3.04% to 13.90% [2]. - The decline in net profit is primarily due to a high non-recurring gain of 180 million yuan from the disposal of a subsidiary's equity in the previous year [2]. - Despite the decline in net profit, the consumer electronics business is stabilizing, and the new energy business continues to grow, maintaining revenue growth and improving net profit excluding non-recurring items [2]. Group 3: Outlook for 2026 - The company is expected to see continued profit release from its consumer electronics and new energy sectors, with a strong positioning advantage in the robotics field [3]. - The consumer electronics business is anticipated to benefit from AI innovations, while core customer orders in the new energy sector are expected to drive utilization rates higher [3]. - The company has over 10 years of experience in the robotics sector, with deep cooperation with North American clients and a comprehensive supply of technology and materials, indicating a significant growth potential in the robotics business for 2026 [3].