北京德和衡律师事务所 BEIJING DHH LAW FIRM 北京德和衡律师事务所 关于北京华峰测控技术股份有限公司 2025年第二次临时股东大会的 法律意见书 德和衡证见意见（2025）第00156号 中国·北京市朝阳区建国门外大街 2 号银泰中心 C 座 11、12 层 电话： (+86 10) 8540 7666 邮编：100022 www.deheheng.com 北京德和衡律师事务所 关于北京华峰测控技术股份有限公司 2025年第二次临时股东大会的 法律意见书 德和衡证见意见（2025）第00156号 致：北京华峰测控技术股份有限公司 北京德和衡律师事务所（以下简称"本所"）接受北京华峰测控技术股份有限公司（以下 简称"公司"或"贵公司"）的委托，指派本所律师出席贵公司 2025 年第二次临时股东大会。 本所律师依据《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》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、 《北京华峰测控技术股份有限公司章程》（以下简称"《公司章程》"）及相关法律法规以及 规范性文件的规定，就本次股东大会的有关事 ...

证券代码：688200 证券简称：华峰测控 公告编号：2025-058 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 北京华峰测控技术股份有限公司（以下简称"公司"）第三届监事会第十五 次会议于 2025 年 7 月 17 日在公司会议室以现场和通讯方式召开。本次会议应到 监事 3 名，实到监事 3 名。会议由监事会主席赵运坤主持。本次会议的召集和召 开符合《公司法》等法律、法规、部门规章以及《公司章程》的有关规定，作出 的决议合法、有效。 二、监事会会议审议情况 经与会监事认真审议，审议通过了以下议案： （一）《关于向激励对象首次授予限制性股票的议案》 表决结果：3 票同意，0 票反对，0 票弃权。 1.公司监事会对本次激励计划首次授予部分激励对象的限制性股票授予条 件是否成就进行核查，认为： 1.1 本次激励计划首次授予的激励对象均不存在《管理办法》第八条规定的 不得成为激励对象的情形； 北京华峰测控技术股份有限公司 第三届监事会第十五次会议决议公告 1.3 本次激励计划首次授予的激励对象人员 ...

一、《关于向激励对象首次授予限制性股票的议案》 上述议案已经第三届董事会薪酬与考核委员会第八次会议审议通过。 证券代码：688200 证券简称：华峰测控 公告编号：2025-057 北京华峰测控技术股份有限公司 第三届董事会第十五次会议决议公告 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、准确性和完整性依法承担法律责任 北京华峰测控技术股份有限公司第三届董事会第十五次会议于 2025 年 7 月 17 日下午 15 点在公司会议室以现场和通讯表决的方式召开。本次会议应到董事 6 名，实到董事 4 名，委托出席董事 2 名。会议由董事长孙镪主持。本次会议的 召集和召开符合《公司法》《公司章程》的有关规定。会议以投票表决方式审议 通过了以下议案： 表决结果：6 票同意，0 票反对，0 票弃权。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的 《关于向 2025 年限制性股票激励计划激励对象首次授予限制性股票的公告》（公 告编号：2025-056）。 特此公告。 北京华峰测控技术股份有限公司董事会 2025 年 7 月 18 ...

Group 1 - The core viewpoint is that the semiconductor industry in China is experiencing growth and transformation, driven by domestic policy support and the need for self-sufficiency in semiconductor manufacturing [2][3] - The Shanghai Stock Exchange's Sci-Tech Innovation Board semiconductor materials and equipment index has shown a slight increase of 0.07%, with notable gains from companies like Andl Micro-Nano (up 2.57%) and SMIC (up 1.79%) [1] - Nvidia has resumed supply of its H20 computing power chips to China, and AMD plans to restart exports of MI308 chips, indicating a positive trend in international semiconductor supply to China [1] Group 2 - The domestic semiconductor equipment sector has room for improvement in localization rates, and the industry is expected to benefit from horizontal category expansion and vertical technological integration [2] - The Sci-Tech Semiconductor ETF (588170) has seen a 2.54% increase over the past 60 days, outperforming similar products, reflecting growing investor interest in the semiconductor sector [1][2] - By 2025, the proportion of locally sourced AI chips in China is expected to rise to 40%, potentially equalizing with the share of externally sourced chips, highlighting the shift towards domestic supply [1]

Summary of Conference Call Records Industry Overview - The conference call primarily discusses the **semiconductor equipment industry** and its performance metrics, including revenue growth, profit margins, and market dynamics [3][4][6][19]. Key Points and Arguments Revenue and Profit Performance - The semiconductor equipment sector has shown a **revenue growth** of approximately **36%** year-over-year, with total revenue reaching **714 billion RMB** last year [7]. - Profit levels in the semiconductor sector have fluctuated, with a reported profit of **117 million RMB** last year, which increased to **26 million RMB** this year, indicating a profit growth rate of **41%** [9]. - The **machine tool segment** within the broader machinery industry reported a revenue of **257 billion RMB** last year, with a slight growth of **2%** year-over-year, but a decline of nearly **3%** this year [1]. Market Dynamics - The semiconductor industry is experiencing a **shift in customer payment schedules**, affecting order visibility and contract liabilities [5][17]. - The **contract liabilities** in the semiconductor sector have increased to **680 billion RMB**, reflecting a **30%** year-over-year growth, indicating a robust order situation despite payment schedule changes [16]. - The **Chinese semiconductor equipment market** was valued at approximately **496 billion USD** last year, with a **30%** share of the global market [23]. Company Performance - Companies like **北方华创 (North Huachuang)** and **长川 (Changchuan)** have shown significant revenue growth, with some reporting over **40%** growth in the first quarter [8][10]. - **拓金 (Tuo Jin)** and **危岛 (Weidao)** also reported impressive revenue growth rates exceeding **50%** [8]. - The **profit growth** for **长川** was particularly notable, with a **900%** increase last year and a **2600%** increase this year, attributed to scale effects from strategic expansions [10]. Future Outlook - The semiconductor industry is expected to maintain a **positive growth outlook**, with major players like **中芯国际 (SMIC)** planning capital expenditures that meet or exceed previous levels, contrary to market expectations of a decline [19][20]. - The **advanced process technology** segment is anticipated to grow significantly, with a focus on increasing domestic production capabilities to meet both local and global demands [26][30]. - The **light lithography machine** segment is highlighted as a critical area for investment, with expectations of continued advancements and market growth [34][35]. Investment Recommendations - Emphasis is placed on investing in **leading companies** within the semiconductor sector, particularly those with strong performance metrics and growth potential [2][6]. - The **contract liabilities** and order growth metrics are suggested as key indicators for assessing future performance and investment opportunities [17][18]. Additional Important Insights - The **profit margins** in the semiconductor sector have shown variability, with a noted decline in gross margins due to accounting adjustments, but overall stability is expected moving forward [13][14]. - The **R&D expenditure** as a percentage of revenue has been increasing, indicating a focus on innovation and long-term growth strategies within the industry [15]. - The **impact of U.S. sanctions** on the semiconductor industry is acknowledged, with expectations that these pressures will continue to shape market dynamics and company strategies [28][29]. This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of the semiconductor equipment industry's current state and future prospects.

Investment Rating - The report maintains an "Overweight" rating for the machinery industry, indicating a positive outlook compared to the overall market performance [4]. Core Insights - The machinery industry is expected to see a moderate recovery in demand in the second half of 2025, driven by equipment upgrades and technological empowerment [4]. - Key companies in the machinery sector are projected to experience varied growth rates in Q2 2025, with notable performances from companies like SANY Heavy Industry (25% growth) and PCB manufacturer Ding Tai Gao Ke (66% growth) [4][5]. - The report highlights three main trends in the robotics sector: the advancement of humanoid robots, the entry of global giants into the robotics field, and the practical application of various robot forms in specific scenarios [4]. - In the rail transit equipment sector, significant investment is expected to continue, with a projected fixed asset investment nearing 900 billion yuan for the year, supported by strong passenger demand [4]. - The engineering machinery sector is approaching a cyclical turning point, with signs of recovery in demand and a favorable environment for new machine sales [4]. - The laser segment is experiencing rapid growth, particularly in general laser applications, driven by technological advancements and increased overseas exports [4]. Summary by Sections Robotics and Components - The humanoid robot industry is progressing towards commercialization, with significant contributions expected from companies like Greentech Harmonic and Wolong Electric Drive [4]. Rail Transit Equipment - In the first half of 2025, China's railway fixed asset investment reached 355.9 billion yuan, a year-on-year increase of 5.5%, with expectations for continued high growth [4]. Engineering Machinery - The engineering machinery sector has seen improved profitability and is positioned for a new sales cycle as construction activity resumes [4]. Laser Technology - General laser demand is rapidly increasing due to high-power technology iterations and new applications in consumer electronics and photovoltaics [4].

本公司监事会及全体监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。 北京华峰测控技术股份有限公司（以下简称"公司"）于 2025 年 6 月 30 日 召开了第三届董事会第十三次会议、第三届监事会第十三次会议审议通过了《关 于<北京华峰测控技术股份有限公司 2025 年限制性股票激励计划（草案）>及其 摘要的议案》等相关议案。根据《上市公司股权激励管理办法》（以下简称"《管 理办法》"）的相关规定，公司对 2025 年限制性股票激励计划激励对象名单在公 司内部进行了公示。公司监事会结合公示情况对拟激励对象进行了核查，相关公 示情况及核查情况如下： 一、公示情况 （一）公司对激励对象的公示情况 1.公司于 2025 年 7 月 1 日在上海证券交易所网站（www.sse.com.cn）上披 露了《2025 年限制性股票激励计划（草案）》及其摘要、《2025 年限制性股票激 励计划实施考核管理办法》《北京华峰测控技术股份有限公司 2025 年限制性股票 激励计划激励对象名单》等公告。 2.公司于 2025 年 7 月 1 日至 2025 年 7 月 ...

| 北京德和衡律师事务所 | | --- | | 关于北京华峰测控技术股份有限公司 | | 首次授予第一个归属期归属条件成就相关事项的 | | 法律意见书 | | 德和衡证律意见（2025）第00360号 | | -1- | | 释 义 | | 在本法律意见书中，除非文义另有所指，下列简称分别具有如下含义： | | 简称 全称 | | 华峰测控、公司、贵司 指 北京华峰测控技术股份有限公司 | | 《激励计划（草案）》、 《北京华峰测控技术股份有限公司2024年限制性股票激励计划（草 | | 指 | | 本激励计划 案）》 | | 公司2024年限制性股票激励计划首次授予第一个归属期归属条件成 | | 本次归属 指 | | 就 | | 按本激励计划规定，获得限制性股票的公司高级管理人员以及董事 | | 激励对象 指 | | 会认为需要激励的其他人员 | | 《北京华峰测控技术股份有限公司2024年限制性股票激励计划实施 | | 《考核办法》 指 | | 考核管理办法》 | | 《证券法》 指 《中华人民共和国证券法》 | | 《公司法》 指 《中华人民共和国公司法》 | | 《管理办法》 指 《上市公司股权激 ...

Core Viewpoint - The company has approved the first vesting period of its stock incentive plan, allowing for the vesting of 65,700 shares of restricted stock to eligible participants [10][11][12]. Group 1: Stock Incentive Plan Details - The total number of restricted stocks granted under the incentive plan is 267,000 shares, representing approximately 0.20% of the company's total share capital at the time of the plan announcement [1][2]. - The grant price for the restricted stock is set at 55.02 yuan per share, which is the price at which eligible participants can purchase the shares after meeting the vesting conditions [2][10]. - The first vesting period allows for 30% of the granted shares to vest after 12 months from the grant date, with subsequent vesting periods allowing for 40% and 30% of the shares to vest [2][3]. Group 2: Performance and Eligibility Criteria - The performance assessment for the incentive plan is based on the compound annual growth rate of the company's main business revenue, with specific targets set for the years 2024 to 2026 [5][10]. - The company has established a personal performance evaluation system for participants, categorizing performance into four levels: Excellent, Good, Average, and Unsatisfactory, which will affect the actual number of shares vested [6][11]. - A total of 19 individuals, including senior management and other key personnel, are eligible for the stock incentive plan, with the first vesting period meeting all necessary conditions [10][12]. Group 3: Approval and Compliance - The stock incentive plan was approved by the company's board and shareholders, with necessary legal opinions confirming compliance with relevant regulations [8][16]. - The company has conducted internal reviews and public announcements regarding the eligible participants, ensuring transparency and adherence to regulatory requirements [7][9].

证券代码：688200 证券简称：华峰测控 公告编号：2025-050 北京华峰测控技术股份有限公司 2024 年限制性股票激励计划首次授予部分 第一个归属期符合归属条件的公告 （一）本次股权激励计划方案及履行的程序 1、本次股权激励计划主要内容 （1）股权激励方式：第二类限制性股票。 （2）授予数量：授予的限制性股票总量为 26.70 万股（调整后），约占公 司 2024 年限制性股票激励计划（以下简称"激励计划"）草案公告时公司股本 总额 13,543.9427 万股的 0.20%。其中首次授予 21.9 万股，约激励计划草案公 告时公司股本总额的 0.16%；预留 4.80 万股（调整后），约占激励计划草案公 告时公司股本总额的 0.04%。 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、准确性和完整性依法承担法律责任。 重要内容提示： 一、本次股权激励计划批准及实施情况 （3）授予价格：55.02 元/股（调整后），即满足授予条件和归属条件后， 激励对象可以每股55.02元的价格购买公司自二级市场回购的公司A股普通股股 票。 | | | 归属权益 ...