董事会薪酬与考核委员会关于公司 2025 年限制性股票 激励计划（草案）的核查意见 龙芯中科技术股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》（以 下简称"《管理办法》"）、《上海证券交易所科创板股票上市规则》（以下简 称"《上市规则》"）、《科创板上市公司信息披露业务指南第 4 号——股权激 励信息披露》等相关法律法规、规范性文件和《龙芯中科技术股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，对《龙芯中科技术股份有限公司 2025 年限制性股票激励计划（草案）》（以下简称"《激励计划（草案）》"） 进行了核查，发表核查意见如下： 龙芯中科技术股份有限公司 1、公司不存在《管理办法》等法律法规规定的禁止实施股权激励计划的情 形，包括： （1）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （2）最近一个会计年度财务报告内部控制被注册会计师出具否定意见或无 法表示意见的审计报告； （3）上市后最近 36 个月内出现过未 ...

每经头条（nbdtoutiao）——5年增长33倍，这类新险种卖爆了，身边很多人都需要，30多家险企蜂拥而 入⋯⋯ （记者 王晓波） 每经AI快讯，龙芯中科（SH 688047，收盘价：154.86元）9月26日晚间发布公告称，本激励计划拟授予 的激励对象总人数为100人，采用的激励工具为第二类限制性股票，涉及的标的股票来源为公司从二级 市场回购的公司A股普通股股票和/或公司向激励对象定向发行的公司A股普通股股票；拟向激励对象授 予53.0862万股限制性股票，约占本激励计划公告时公司股本总额4.01亿股的0.13%；限制性股票的授予 价格为每股79.03元，即满足归属条件后，激励对象可以每股79.03元的价格购买公司向激励对象授予的 公司A股普通股股票，有效期自限制性股票授予之日起至激励对象获授的限制性股票全部归属或作废失 效之日止，最长不超过36个月。 2024年1至12月份，龙芯中科的营业收入构成为：集成电路占比99.99%，其他业务占比0.01%。 截至发稿，龙芯中科市值为621亿元。 ...

Core Points - The board of Longxin Zhongke Technology Co., Ltd. announced a restricted stock incentive plan for 100 core employees, granting a total of 530,862 shares, which represents 100% of the total restricted stock granted [1] - The granted shares account for 0.13% of the company's total share capital as of the announcement date [1] - The plan stipulates that no individual recipient can receive more than 1% of the total share capital through the incentive plan, and the total number of shares involved in all effective incentive plans cannot exceed 20% of the company's total share capital at the time of submission to the shareholders' meeting [1] - The incentive recipients do not include specific shareholders, relatives of actual controllers, independent directors, or foreign employees [1]

Core Viewpoint - The series of lectures by frontline technology talents aims to inspire students with stories of dedication to national development and to cultivate a sense of mission among the youth [1][12]. Group 1: Event Overview - The event is part of a series of lectures organized by the Beijing Municipal Education and Technology Talent Work Leadership Group, featuring 36 frontline technology talents visiting over 20 universities from mid-September to mid-October [1]. - The lectures combine political education with practical experiences, allowing students to connect with real-world applications of their studies [1][5]. Group 2: Key Speakers and Their Contributions - Notable speakers include Hu Weiwu, Chairman and General Manager of Loongson Technology, who emphasized the importance of setting goals related to national interests and the need for hard work [6][11]. - Liu Qi, Chief Expert in Cybersecurity at China Telecom, shared insights on the importance of perseverance and the value of solitary efforts in achieving significant outcomes [6][7]. - Zheng Yu, Vice President and Chief Data Scientist at JD.com, encouraged students to embrace challenges and maintain a long-term vision for their careers [6][7]. Group 3: Educational Goals - The initiative aims to cultivate innovative talents capable of interdisciplinary thinking and problem-solving, aligning with the urgent needs of technological innovation and industrial transformation [3][4]. - The lectures serve to enrich the teaching materials for ideological and political education in universities, enhancing the relevance and impact of classroom learning [5][12]. Group 4: Student Engagement - Students expressed admiration for the speakers' dedication to national service and their impactful stories, which resonate with the current technological landscape and the importance of contributing to national development [10][11]. - The event aims to instill a sense of responsibility and mission among students, encouraging them to actively participate in the construction of a digital China and contribute to the nation's progress [7][12].

Group 1 - Company *ST Rendo (002647.SZ) announced an investment of 100 million yuan in Jiangyuan Technology through an increase in registered capital, resulting in a shareholding ratio of 4.1427% post-investment [1] - The funding sources for this investment include 50 million yuan from Rendo Holdings' own funds and 50 million yuan borrowed from Huilibao [1] - Jiangyuan Technology, established in November 2022, focuses on the development of domestically produced AI chips, aligning with the national strategy for autonomous computing power [1] Group 2 - The target company's products are based on 12-inch wafer chips, primarily delivered in the form of computing power cards for AI integrated machines and computing servers [1] - Jiangyuan Technology has completed the first generation chip product D1 and is launching the D10 computing power card, with plans for a second card product D20 and ongoing development of the second generation chip T800, expected to achieve mass production by 2026 [1] - The target company has completed its first and second rounds of financing, with this investment being part of the third round totaling 313.9 million yuan, involving various strategic investors [2] Group 3 - The investment is aimed at establishing a second growth line for the company, with a post-investment shareholding not exceeding 5%, and no involvement in the management or operations of Jiangyuan Technology [2] - There is significant uncertainty regarding the potential for future collaboration between Jiangyuan Technology and the company's main business, as the investment is considered a cross-industry investment [2]

Group 1 - Company *ST Rendo (002647.SZ) announced an investment of 100 million yuan in Jiangyuan Technology through an increase in registered capital, resulting in a shareholding ratio of 4.1427% post-investment [1] - The funding for this investment comes from the company's internal self-owned funds, with 50 million yuan from Rendo Holdings and 50 million yuan borrowed from Huilibao [1] - Jiangyuan Technology, established in November 2022, focuses on the development of domestically produced AI chips, aligning with the national strategy for autonomous computing power [1] Group 2 - The target company's products are based on 12-inch wafer chips, primarily delivered in the form of computing power cards for AI integrated machines and computing servers, with applications in intelligent terminals and computing centers [1] - Jiangyuan Technology has completed the first generation chip product D1 and is launching the D10 computing power card, with plans for a second card product D20 and ongoing development of the second generation chip T800, expected to achieve mass production by 2026 [1] - The company has completed its first and second rounds of financing, with this investment being part of the third round totaling 313.9 million yuan, involving various strategic investors [2]

Group 1 - Jilin Province has issued implementation opinions to accelerate the innovation and development of artificial intelligence, aiming for a computing power scale exceeding 5000 PFLOPS by the end of 2027 [1][3] - The plan includes the establishment of approximately 10 influential datasets and around 5 vertical large models, along with over 50 high-value demonstration application scenarios [1][3] - Key drivers for the implementation of AI include computing power, algorithms, and data [1] Group 2 - Jilin will strategically layout computing power resources, creating computing clusters in Changchun and western Jilin, and implement a "computing power alliance" plan [3] - The AI computing sector has seen significant stock performance, with an average increase of 62.89% year-to-date, outperforming the broader market [3] - Notable companies such as Kaipu Cloud, Xinyi Sheng, and Industrial Fulian have experienced cumulative gains exceeding 100% this year [3] Group 3 - The average daily turnover rate for AI computing concept stocks has surpassed 10% since September, with Jilin-based company Jishi Media leading at 20.39% [3] - Jishi Media is leveraging a hybrid cloud architecture to build a big data service platform, with an IDC area of 100,000 square meters [3] - The number of institutional surveys has increased, with companies like Xinyuan and Longxin Zhongke receiving significant attention [4] Group 4 - Xinyuan has signed new orders worth 1.205 billion yuan in Q3, marking an 85.88% year-on-year increase, with AI computing-related orders accounting for about 64% [4] - The acceleration of computing infrastructure development in Jilin and the national "AI+" initiative are expected to create greater opportunities for the computing power industry chain [4] - The short-term activity and long-term investment value of related concept stocks are on the rise [4]

Summary of Conference Call Records Industry or Company Involved - The records primarily discuss the overall market performance, focusing on sectors such as AI, semiconductor, renewable energy, and consumer services, particularly in the context of the upcoming National Day holiday in China. Core Points and Arguments 1. **Market Performance and Sentiment** - The market experienced a significant decline on Thursday, influenced by holiday effects and profit-taking, with total trading volume exceeding 3 trillion [1][2][3] - The risk appetite decreased ahead of the holiday, leading to a mixed market style and a retreat in speculative trading sentiment [1][2][3] 2. **Impact of Federal Reserve's Rate Cut** - The Federal Reserve's 25 basis point rate cut was in line with expectations, but some investors opted to cash out, influenced by concerns over U.S.-China trade negotiations [1][6] - The overall risk appetite remained low, with rapid market rotation and a rise in speculative sentiment in smaller stocks [6] 3. **Investment Opportunities in Core Assets** - In the current mid-term bull market, core assets and blue-chip stocks remain attractive, with significant gains observed in leading companies like Zhongwei and Ningde Times, which saw over 10% increase in a week [7] - The focus remains on large-cap stocks that can absorb more liquidity despite the recent rise in small-cap stocks [7] 4. **AI Sector Performance** - The AI sector has shown remarkable performance, impacting related fields such as semiconductor and robotics, with cyclical sectors like coal and tourism also receiving investment [8] - The mid-term bull market outlook remains intact due to established economic policy bottoms [8] 5. **Trends in Humanoid Robotics** - The humanoid robotics sector has seen a notable rise, influenced by positive developments in the U.S. stock market and Tesla's announcements [9] - Upcoming events like the Yushu listing and Alibaba's cloud conference may act as catalysts for further growth [9] 6. **Renewable Energy and Semiconductor Updates** - Ningde Times has revised its production guidance for 2026, indicating improved industry conditions [10] - Developments in domestic GPU production and semiconductor equipment have been highlighted, with Huawei announcing a three-year AI chip plan [10][11] 7. **Storage Market Dynamics** - The storage sector is experiencing independent growth, with price increases validated by major companies like SanDisk and Micron [12] 8. **Quantum Computing and Optical Communication Developments** - Quantum computing is seeing IPO preparations, while optical communication is gaining traction with new directions being explored [13] 9. **Consumer Services Outlook** - The restaurant and tourism sectors are expected to benefit from policy stimuli aimed at expanding service consumption [14] 10. **Mid-term Market Trends** - The mid-term market outlook is deemed highly certain based on three underlying logics: policy bottom, asset scarcity, and the U.S. rate cut cycle [15] - Short-term volatility is anticipated, with the market expected to stabilize before resuming upward momentum [15] 11. **Market Structure and Sector Rotation** - The market structure is currently dispersed, with notable sector rotation, and opportunities in transitional themes like solid-state batteries and robotics [16] 12. **Key Investment Directions** - Focus on AI expansion, AIGC capital expenditure, and sectors benefiting from interest rate cuts, such as precious and industrial metals [17] 13. **Solid-State Battery Industry Progress** - The solid-state battery sector is rapidly developing, with new projects being signed at industry conferences [18] 14. **Military Industry Attention** - The military sector is worth monitoring due to recent stabilization and ongoing interest from market participants [19] 15. **Innovative Drug Sector Catalysts** - Potential catalysts in the innovative drug sector include upcoming conferences and favorable drug procurement policies [20][21] Other Important but Possibly Overlooked Content - The market's short-term fluctuations are influenced by external factors such as geopolitical events and economic policies, which may not be immediately apparent in daily trading activities [2][3][6] - The emphasis on structural opportunities suggests a need for investors to remain vigilant and adaptable to changing market conditions [16]

Summary of Key Points from Conference Call Records Industry Overview - The military industry in China is mature and has significant international market potential, with foreign trade becoming a focal point [1][2] - The end of the 14th Five-Year Plan has catalyzed policies, leading to a recovery in upstream military electronics orders, although challenges remain [1][2] - The 15th Five-Year Plan will commence in 2026, with a goal of military modernization by 2027, emphasizing the need for new combat capabilities [1][2] Core Insights and Arguments - Increased global military equipment demand due to rising geopolitical tensions and conflicts, validating the performance of domestic equipment in international markets [1][2] - The integration of AI in military applications is driving modernization, with China aiming for AI development goals by 2030 [1][2][5] - The 2025 military parade showcased advanced military technologies, including hypersonic weapons and unmanned systems, indicating a shift towards joint operations and modern combat systems [1][6] AI Applications in Military - AI applications in the military encompass various areas, including command operations, equipment maintenance, autonomous drones, and logistics management [5][7] - The U.S. leads in military AI, with significant investments in AI companies and rapid decision-making enhancements within NATO [5][9] - China's military AI development involves numerous companies, including aerospace and navigation firms, contributing to a comprehensive upgrade of military capabilities [9] Emerging Technologies and Equipment - The 2025 military parade highlighted new technologies such as AI-enabled drones and ground robots, enhancing overall military effectiveness [8][9] - Specific advancements include lightweight automatic rifles and smart wearable devices for soldiers, improving operational efficiency [8][9] Long-term and Short-term Outlook - Long-term prospects for military informationization and intelligence construction in foreign trade are promising, potentially expanding the domestic military market [10] - Short-term recovery in foreign trade requires time, with the military sector showing thematic investment trends [11] New Production Forces and Trends - Key development areas include commercial aerospace, low-altitude economy, and deep-sea technology, which are prioritized in national development plans [12][14] - The deep-sea technology sector is crucial for national security and economic interests, with ongoing advancements in underwater research and resource development [13][14] Investment Recommendations - Focus on military AI industrialization, with attention to emerging themes in commercial aerospace and unmanned intelligence [16][17] - Key companies to watch include those involved in national defense and aerospace, as well as firms specializing in AI and information technology [16][17]

Summary of Key Points from Conference Call Industry Overview - The global photolithography machine market is highly monopolized, with ASML holding a leading position. China faces technological blockades and supply chain dependencies but has a complete industrial system and substantial market demand, providing a foundation for domestic production [1][2][4]. Core Insights and Arguments - Chinese photolithography technology has surpassed the 65nm node and is advancing towards higher processes. Companies like Shanghai Micro Electronics are actively researching, and while progress on 28nm photolithography machines is not yet confirmed, achieving technological breakthroughs is considered a matter of time [1][5]. - The core components of photolithography machines include five major systems: optical, motion control, measurement, transmission, and environmental control. Companies such as Keyi Hongyuan, Su Da Weige, and Aopu Optoelectronics have made advancements in critical technology areas like laser light sources and nano-imprinting [1][6]. - Photolithography machines are crucial for the development of AI capabilities in China, directly impacting the country's advanced process development and future competitiveness in the AI era [2]. Investment Opportunities - Investors should focus on companies involved in laser devices, high-end lenses, motion control materials, nano-imprinting technology, laser interferometry, and robotics. Notable companies include Keyi Hongyuan, Su Da Weige, and Aopu Optoelectronics [1][8]. - The domestic photolithography industry includes companies like Chipbond Technology (PCB photolithography machines), Su Da Weige (nano-imprinting photolithography machines), Huazhuo Jingke (dual-workpiece stage), Keyi Hongyuan (laser light sources), and Jingfang Technology (semiconductor optical devices) [1][9]. Additional Important Content - The collaboration between Nvidia and Intel aims to enhance AI technology infrastructure and personal computing products, indicating a strengthening of ecosystem collaboration among global computing chip giants, which could significantly impact the future of the global computing industry [11]. - Domestic computing chip companies are actively promoting the construction of a domestic computing ecosystem, with companies like Haiguang Information opening up CPU capabilities and protocols to facilitate industry collaboration [12]. - Huawei's release of the Super Pod products signifies a major advancement in AI computing capabilities, with projections indicating that the Chinese AI chip market could grow to 153 billion yuan by 2025, with a compound annual growth rate of nearly 53% [13].