Core Viewpoint - Changjing Technology, a leading power semiconductor company based in Nanjing, has officially restarted its A-share IPO process after completing the listing guidance filing with the Jiangsu Securities Regulatory Bureau on January 15, 2026 [1][4]. Company Overview - Established in November 2018, Changjing Technology has a registered capital of 435 million yuan and is led by founder Yang Guojiang, who serves as both chairman and CEO [6]. - The company has built a comprehensive IDM (Integrated Device Manufacturer) supply chain covering circuit design, chip manufacturing, and packaging/testing, allowing for effective quality and efficiency control across production stages [6]. Financial Performance - From 2020 to 2022, the company's revenue remained stable between 1.3 billion to 1.9 billion yuan, with a notable 42.06% year-on-year growth in 2021 [7]. - The net profit for the same period was 66 million yuan, 242 million yuan, and 130 million yuan, indicating strong profitability [7]. - R&D investment has significantly increased, with expenses rising from 60 million yuan to 138 million yuan over three years, reflecting a compound annual growth rate of over 40% [7]. Market Position and Product Offering - Changjing Technology's product matrix includes discrete devices, power management ICs, and wafers, catering to consumer, industrial, and automotive applications [6]. - In 2022, the company sold 19 billion discrete devices, 930 million power management ICs, and 10.38 billion wafers, showcasing its competitive advantage in niche markets [7]. Industry Outlook - The global power semiconductor industry is expected to grow by 9% year-on-year by 2026, driven by AI technology penetration and expanding electric vehicle demand [8]. - The industry is witnessing a recovery phase, with inventory cycles bottoming out and capacity utilization rates gradually increasing, creating a favorable environment for business growth [8]. Strategic Intent - By restarting its IPO, Changjing Technology aims to leverage capital market resources to expand production capacity and enhance R&D efforts, thereby solidifying its position in the domestic power semiconductor sector [9].

Core Viewpoint - Haowei Group, a semiconductor design company based in Shanghai, successfully listed on the Hong Kong Stock Exchange on January 12, 2026, raising approximately HKD 48 billion through its IPO [2][12]. IPO Details - The IPO involved a global offering of 45.8 million shares, accounting for 3.65% of the total shares post-issue, with a pricing of HKD 104.80 per share, resulting in a net fundraising amount of approximately HKD 46.93 billion [3][12]. - The public offering was oversubscribed by 9.28 times, while the international offering was oversubscribed by 9.73 times [3][13]. - Key cornerstone investors included Boyu Capital, UBS, and several others, contributing a total of USD 279.4 million [3][13]. Company Profile - Haowei Group specializes in the design and development of high-performance integrated circuits (ICs), focusing on three main product lines: image sensor solutions, display solutions, and analog solutions [3][13]. - According to Frost & Sullivan, Haowei Group is projected to be one of the top ten fabless semiconductor companies globally by revenue in 2024, and it ranks as the third-largest supplier of digital image sensors and the largest supplier of automotive digital image sensors [3][13]. Market Performance - On its first trading day, Haowei Group's stock closed at HKD 121.8, reflecting a 16.22% increase from the IPO price, with a total market capitalization of approximately HKD 152.917 billion [3][14]. Underwriting Team - The underwriting team for the IPO included major financial institutions such as UBS, CICC, and others, serving various roles including joint sponsors and coordinators [6][17].

Core Viewpoint - Huqin Technology (603296.SH) announced a restricted stock incentive plan for 2026, proposing to grant a total of 2.5275 million shares, which accounts for approximately 0.25% of the company's total share capital at the time of the announcement [1] Summary by Relevant Sections - The incentive plan is a one-time grant with no reserved rights [1] - As of the announcement date, the company is also implementing the 2023 and 2025 restricted stock incentive plans, with total incentives accounting for approximately 0.27% and 0.34% of the respective total share capital at the time of their announcements [1] - After the implementation of this plan, the total number of shares involved in all effective equity incentive plans will not exceed 10% of the company's total share capital [1] - No individual incentive recipient will receive more than 1% of the company's total share capital through all equity incentive plans during their effective period [1]

Core Viewpoint - Huqin Technology (603296.SH) announced a restricted stock incentive plan for 2026, proposing to grant a total of 2.5275 million shares, which accounts for approximately 0.25% of the company's total share capital at the time of the announcement [1] Summary by Relevant Sections - The 2026 incentive plan is a one-time grant with no reserved rights [1] - As of the announcement date, the company is also implementing the 2023 and 2025 restricted stock incentive plans, with total incentives accounting for approximately 0.27% and 0.34% of the respective total share capital at the time of their announcements [1] - After the implementation of the 2026 plan, the total number of shares involved in all effective equity incentive plans will not exceed 10% of the company's total share capital [1] - No individual incentive recipient will receive more than 1% of the company's total share capital through all equity incentive plans during their effective periods [1]

证券代码：603296 证券简称：华勤技术 华勤技术股份有限公司 2026 年限制性股票激励计划 （草案） 华勤技术股份有限公司 2026 年 1 月 本公司董事会及全体董事保证本激励计划及其摘要不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其真实性、准确性和完整性承担法律责任。 声 明 本公司所有激励对象承诺，公司因信息披露文件中有虚假记载、误导性陈述 或者重大遗漏，导致不符合授予权益或行使权益安排的，激励对象应当自相关信 息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将本激励计划所 获得的全部利益返还公司。 -2- 特别提示 一、本激励计划系依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股权激励管理办法》和其他有关法律、法规、规范性文件，以及《华 勤技术股份有限公司章程》制订。 二、本激励计划采取的激励工具为限制性股票。股票来源为公司从二级市场 回购的华勤技术股份有限公司（以下简称"公司"或"本公司"）A 股普通股股票。 三、本激励计划拟授予的限制性股票总量不超过 252.75 万股，约占本激励计 划草案公告时公司股本总额 101,573.2344 万股的 0.25%。本激 ...

证券代码：603296 证券简称：华勤技术 公告编号：2026-002 华勤技术股份有限公司 2026 年限制性股票激励计划（草案）摘要公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 股权激励方式 | 第一类限制性股票 | | --- | --- | | | □股票期权 | | 股份来源 | □发行股份 | | | 回购股份 | | | □其他 | | 本次股权激励计划有效期 | 48个月 | | 本次股权激励计划拟授予的限制性股 | 2,527,500股 | | 票数量 | | | 本次股权激励计划拟授予的限制性股 | 0.25% | | 票数量占公司总股本比例 | | | 本次股权激励计划是否有预留 | □是，预留数量_______股； | | | 占本股权激励拟授予权益比例______% | | | 否 | | 本次股权激励计划拟首次授予的限制 | 2,527,500股 | | 性股票数量 | | | 激励对象数量 | 不超过468人 | | 激励对象数量占员工总数比例 | 0.80% | ...

| 序号 | 姓名 | 序号 | 姓名 | 序号 | 姓名 | | --- | --- | --- | --- | --- | --- | | 1 | 程*林 | 155 | 蒋*虎 | 309 | 唐* | | 2 | 汪*祥 | 156 | 尹*军 | 310 | 施*超 | | 3 | 桂*群 | 157 | 乔*豪 | 311 | 杨*利 | | 4 | 邢*璞 | 158 | 杨*平 | 312 | 王* | | 5 | 曾* | 159 | 刘*骄 | 313 | 王*文 | | 6 | 邓* | 160 | 陈*忠 | 314 | 刘*衡 | | 7 | 李*华 | 161 | 吴*宏 | 315 | 蒋*海 | | 8 | 倪*生 | 162 | 帅*龙 | 316 | 李*川 | | 9 | 吴* | 163 | 蔡* | 317 | 李*霞 | | 10 | 张*军 | 164 | 张* | 318 | 张* | | 11 | 刘*银 | 165 | 王*琴 | 319 | 闫*洋 | | 12 | 孙*峰 | 166 | 陈* | 320 | 张* | | 13 | 蒋*龙 | 167 ...

北京市中伦律师事务所 关于华勤技术股份有限公司 2026 年限制性股票激励计划的 法律意见书 二〇二六年一月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty | 一、公司实行激励计划的条件 3 | | --- | | 二、本次激励计划的内容 4 | | 三、本次激励计划履行的程序 9 | | 四、本次激励计划激励对象的确定 10 | | 五、本次激励计划的信息披露义务 11 | | 六、公司未为激励对象提供财务资助 11 | | 七、本次激励计划对公司及全体股东利益的影响 11 | | 八、关联董事回 ...

华勤技术股份有限公司 第二条 本制度适用于《公司章程》规定的董事和高级管理人员。 第三条 公司薪酬管理遵循以下原则： （一）按劳分配与责、权、利相结合原则； （二）个人收入水平与公司业绩、市场薪酬环境相结合原则； （三）奖惩分明、激励约束相结合原则。 公司董事和高级管理人员薪酬应当与市场发展相适应，与公司经营业绩、个 人业绩相匹配，与公司可持续发展相协调。 第二章 薪酬管理机制 董事和高级管理人员薪酬管理制度 第一章 总则 第一条 为进一步规范华勤技术股份有限公司（以下简称"公司"）董事、 高级管理人员的薪酬管理，建立科学有效的激励与约束机制，保证公司董事、高 级管理人员有效地履行其职责和义务，提高公司的经营管理效益，更好促进公司 健康、持续发展。根据《中华人民共和国公司法》《上市公司治理准则》等有关 法律、法规和规范性文件及《公司章程》的规定，结合公司实际情况，制定本制 度。 第四条 公司股东会负责审议董事薪酬标准，高级管理人员的薪酬分配方案 应当经董事会批准，向股东会说明，并予以充分披露。 第五条 公司董事会薪酬与考核委员会（以下简称"薪酬与考核委员会"）在 董事会授权下，负责制定董事、高级管理人员薪酬管 ...

华勤技术股份有限公司 对外投资管理制度 第一章 总则 第一条 为规范华勤技术股份有限公司（以下简称"公司"）的对外投资行 为，加强公司对外投资管理，防范对外投资风险，保障对外投资安全，提高对外 投资效益，维护公司形象和投资者的利益，依照《中华人民共和国公司法》《中 华人民共和国证券法》等法律、法规、规范性文件的相关规定，结合《华勤技术 股份有限公司章程》（以下简称《公司章程》）及公司的实际情况，制定本制度。 第二条 本制度所称对外投资是指公司为获取未来收益而将一定数量的货 币资金或公司所有的固定资产、其他流动资产、无形资产、股权等可以用货币估 价并可以依法转让的非货币财产作价出资，对外进行各种形式的投资活动。 本制度所称风险投资，是指公司进行私募股权投资（PE）、创投等风险投资 行为，将风险资本投向刚刚成立或快速成长的未上市新兴公司（主要是高科技公 司），在承担投资风险基础上为被投资公司提供长期股权投资和增值服务，再通 过上市、兼并或其它股权转让方式撤出投资，取得高额回报的一种投资方式，但 公司以扩大主营业务生产规模或延伸产业链为目的进行的投资除外。 本制度所称证券投资，是指公司在相关规则允许且投资风险可控的 ...