《上市公司股权激励管理办法》（以下简称《管理办法》）、《深圳证券交易所创业板 股票上市规则》（以下简称《上市规则》）、《深圳证券交易所创业板上市公司自律监 管指南第 1 号—业务办理》《北京银信长远科技股份有限公司公司章程》（以下简称 ）等有关规定，对 2025 年限制性股票激励计划（以下简称"本激励计 北京银信长远科技股份有限公司监事会 关于 2025 年限制性股票激励计划相关事项的核查意见 北京银信长远科技股份有限公司（以下简称"公司"）监事会依据《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》）、 《公司章程》规定的任职资格；符合《上 市规则》规定的激励对象条件，包括：1、不存在最近 12 个月内被证券交易所认定 为不适当人选的情形；2、不存在最近 12 个月内被中国证监会及其派出机构认定为 不适当人选的情形；3、不存在最近 12 个月内因重大违法违规行为被中国证监会及 其派出机构行政处罚或者采取市场禁入措施的情形；4、不存在具有《公司法》规定 的不得担任公司董事、高级管理人员情形的情形；5、不存在具有法律法规规定不得 参与上市公司股权激励的情形；6、 ...

Core Viewpoint - The Supervisory Board of Tianjin Yinlong Prestressed Materials Co., Ltd. has reviewed and approved the 2025 Restricted Stock Incentive Plan, confirming the eligibility of the incentive recipients and the conditions for granting restricted stocks [1][2][3] Summary by Sections - The Supervisory Board conducted a review of the 2025 Restricted Stock Incentive Plan in accordance with relevant laws and regulations, confirming that the incentive recipients meet the necessary qualifications [2][3] - The plan involves granting 6.53 million shares of restricted stock at a price of 3.50 yuan per share to 150 eligible recipients, with the grant date set for June 6, 2025 [3]

Group 1: Inventory and Sales Impact - The normal inventory cycle for customers is generally 2-3 months. Previous high inventory levels were due to severe logistics issues, high shipping costs, and customs delays, exacerbated by external factors like the Russia-Ukraine conflict. Since the second half of 2024, the situation has improved [1] - Sales in the U.S. account for approximately 10% of the company's total, primarily through cross-border e-commerce. Price adjustments have been implemented without negatively impacting sales [1] - Inventory levels in Europe and America have returned to normal after several years of digestion [1] Group 2: Financial Performance - In Q1 2025, the company reported a revenue growth of 30.39% year-on-year and a net profit increase of 90%. This growth is attributed to recovering overseas market demand and high growth in cross-border e-commerce [2] Group 3: Brand Development and Marketing Strategy - The company plans to enhance its brand through participation in domestic and international trade shows, targeted marketing, improved product design, and after-sales service. There are also plans to expand cross-border e-commerce channels and explore live streaming and social media marketing [2] - The main online brands sold on Amazon include "joystar," "cycmoto," and "hiland," which rank among the top sellers. The current online penetration rate for bicycles is low, indicating significant growth potential [2] Group 4: Production and Cost Management - The new factory in Deqing has completed technological upgrades, reducing labor costs through automation and improving production efficiency. Currently, there are no significant fluctuations in raw material costs [2]

证券代码：603926 证券简称：铁流股份 公告编号：2025-025 铁流股份有限公司 关于回购注销部分限制性股票及调整回购价格的公告 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 限制性股票及调整回购价格的议案》。现就相关事项说明如下： 一、 股权激励计划方案及履行的程序 会第十二次会议，审议通过了《关于 <公司 ensp="ensp" 年限制性股票激励计划="年限制性股票激励计 划" 草案="草案"> 及其摘要>的议案》及相关事项议案，并于 2024 年 4 月 10 日在上海证券交易所 网站（www.sse.com.cn）披露了相关公告。 年 5 月 10 日在上海证券交易所网站（www.sse.com.cn）披露了监事会关于 2024 年限制性股票激励计划激励对象名单的核查意见及公示情况说明。 于 <公司 ensp="ensp" 及其摘要="及其摘要" 年限制性股票激励计划="年限制性股票激励计划" 草案="草 案"> 的议案》及相关事项议 案，并于 2024 年 5 月 16 日在上海证券交易所网站（www.sse.com.cn）披露了 会第十五次会议，审议通过了《关于调整 2 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [13]. Core Views - The company, Times New Materials, is a new materials platform under the state-owned enterprise China CNR, showcasing strong competitiveness in recent years. The company has a solid foundation and is expected to continue growing across various sectors by 2025, particularly benefiting from the wind power segment, which is anticipated to contribute the most profit elasticity due to rising installation demand [4][7][21]. Summary by Sections Wind Power Blades - The wind power blade industry is highly concentrated, with Times New Materials and China National Materials forming a dual-leader structure, holding nearly 60% of the market share. The company has been improving its operational efficiency and profitability, achieving stable profits even during industry downturns. By 2025, wind power installations are expected to accelerate, reaching approximately 111 GW, a nearly 40% year-on-year increase, which will enhance profit margins for the company [8][45][38]. New Materials - The new materials division is focusing on high-end polyurethane products and advanced composite materials, with significant breakthroughs in market development and production capacity. The new materials industrial park is gradually being put into operation, which will further industrialize the company's R&D achievements and provide substantial growth potential in the long term [9][21]. Automotive - The automotive segment has successfully turned losses into profits through strategic adjustments, with a focus on enhancing the value per vehicle. The company is shifting production capacity from high-cost regions to lower-cost areas, which is expected to solidify its profitability by 2024 and expand growth potential in the medium to long term [10][21]. Rail Transit & Industrial Engineering - The company is actively expanding production capacity and pursuing overseas market opportunities. It has established close collaborations with major global locomotive manufacturers, which will facilitate further international expansion [11][21].

此外，股权激励还能够改善企业的治理结构，提高企业的管理效率和决策水平，进一步增强企业的竞争 力，为投资者带来更加稳定的回报。 然而，股权激励并非一劳永逸的解决方案，它需要企业制定科学合理的激励方案，确保激励的公平性和 有效性，如果股权激励行权价条件太低，或者行权价格大幅打折，股权激励的利好效应可能大打折扣。 数据显示，截至2025年5月底，近20年来A股市场累计已有超5600份股权激励计划落地，涉及上市公司 超2900家。股权激励是多赢之举，在深度绑定高管及技术骨干之后，有利于上市公司经营业绩的提升， 股权激励参与者能实现额外的收益，投资者也能从估值提升中获得好处。 对于上市公司而言，股权激励是深度绑定高管及技术骨干的良方。在知识经济时代，人才是企业最宝贵 的资产，尤其是高管和技术骨干，他们的工作态度和创新精神直接影响着企业的兴衰成败。通过股权激 励，企业将这些关键人才与自身利益紧密相连，使他们从单纯的打工者转变为企业的"合伙人"。这种身 份的转变激发了他们的工作积极性和创造力，促使他们更加关注企业的长期发展，愿意为企业付出更多 的心血和智慧。股权激励让企业能够更好地留住核心人才，减少人才流失带来的风险，为企 ...

证券代码：600888 证券简称：新疆众和 编号：临 2025-049 号 债券代码：110094 债券简称：众和转债 新疆众和股份有限公司 关于调整 2021 年限制性股票与股票期权激励计划 股票期权行权价格的公告 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。 新疆众和股份有限公司（以下简称"公司"）于 2025 年 6 月 5 日召开的第十 届董事会 2025 年第五次临时会议、第十届监事会 2025 年第五次临时会议审议通 过了《关于调整 2021 年限制性股票与股票期权激励计划股票期权行权价格的议 案》，现将有关事项公告如下： 一、公司2021年限制性股票与股票期权激励计划（以下简称"激励计划"） 已履行的决策程序和信息披露情况 届监事会2021年第三次临时会议，审议通过了《公司2021年限制性股票与股票期 权激励计划（草案）》及其摘要（以下简称"《激励计划（草案）》"）、《公司2021 年限制性股票与股票期权激励计划实施考核管理办法》 （以下简称"《考核办法》"）、 《关于提请股东大会授权董事会办理公司2021年限 ...

| 北京观韬（深圳）律师事务所 | | | | | --- | --- | --- | --- | | 关于广州三孚新材料科技股份有限公司 | | | | | 法律意见书 | | | | | 观意字2025SZ000046号 | | | | | 二〇二五年六月 | | | | | 北京观韬（深圳）律师事务所 | | | 法律意见书 | | 释 义 | | | | | 除本法律意见书中根据文义明确另有所指外，下述各词在本法律意见书内使 | | | | | 用时，应具有以下含义： | | | | | 三孚新科、公司 指 广州三孚新材料科技股份有限公司 | | | | | 《2023 年激励计划 2023 年第二次临时股东大会审议通过的《广州三孚新材料科技股份有限 | | | | | 指 | | | | | （草案）》 公司 2023 年股票期权激励计划（草案）》 | | | | | 广州三孚新材料科技股份有限公司根据《广州三孚新材料科技股份有限 | | | | | 公司 2023 年股票期权激励计划（草案）》实施的股权激励 | | | | | 根据公司第四届董事会第十九次会议决议，2023 | | | 年激励计划 ...

Core Insights - The enthusiasm for implementing equity incentive plans among A-share listed companies has been steadily increasing, becoming a crucial tool for enhancing corporate vitality and aligning the interests of talent and shareholders [1][4] - As of May 2025, over 5,600 equity incentive plans have been implemented in the A-share market over the past two decades, involving more than 2,900 listed companies, which accounts for over 54% of the total [1] - The majority of companies that have implemented equity incentives have seen both stock price and performance improvements, with central enterprises showing particularly significant excess returns [1][3] Summary by Categories Implementation Trends - The number of companies implementing equity incentives continues to grow, with private enterprises showing a notable increase, reaching a 19-year high in 2024 [3] - The second type of restricted stock has become the mainstream incentive tool, and performance assessment indicators are becoming more flexible and diversified [3] Performance Impact - In the year of implementation, nearly 88% of companies reported revenue growth, over 76% reported net profit growth, and close to 93% saw an increase in return on equity (ROE) [3] - The positive impact of equity incentives tends to diminish over time, but they still provide sustained benefits to companies [3] Market Response - Investors are advised to explore excess returns based on four dimensions: incentive strength, performance assessment targets, industry, and choice of incentive tools [3] - Among companies that implemented equity incentives and are predicted to have a net profit growth rate exceeding 20% over the next three years, 25 companies have been favored by the market, with an average increase of over 15% year-to-date [3]

新华财经北京6月5日电四大证券报内容精华摘要如下： 中国证券报 ·资金情绪持续回暖 A股市场连日反弹 6月4日，A股市场继续反弹，三大股指均高开高走，创业板指涨逾1%，大消费、固态电池、光模块等 板块表现活跃。数据显示，整个A股市场近4000只股票上涨，逾80只股票涨停，成交额为1.18万亿元， 32只股票在4日创历史新高。资金面上，资金情绪回暖，沪深300主力资金净流入超30亿元。 分析人士认为，在国内一系列政策支持下，市场调整空间有限，6月A股市场仍处于修复行情窗口期。 ·"长钱"入市步伐提速保险机构积极参与长期投资试点 保险资金长期投资试点又有新进展。6月3日，中国太保发布目标规模200亿元的太保致远1号私募证券投 资基金（暂定名）。据悉，该基金是第二批保险资金长期投资试点基金之一。此外，包括中国人寿、新 华保险、平安人寿等多家第二批试点机构的基金也已获批。参与第三批保险资金长期投资试点的险资机 构中，中邮保险及中邮保险资管已获批100亿元。 业内人士表示，保险资金长期投资试点持续推进，有助于发挥保险资金优势，为资本市场带来中长期增 量资金。在政策利好、保险资金增厚投资收益需求等因素的作用下，保险资金有 ...