Summary of Key Points Core Viewpoint - The legal opinion issued by Hubei Dewei Junshang Law Firm confirms that the repurchase and cancellation of unvested restricted stock by Fenghuo Communication Technology Co., Ltd. complies with relevant laws and regulations, as well as the company's stock incentive plan [2][6][8]. Group 1: Repurchase and Cancellation Details - The company plans to repurchase and cancel a total of 633,114 shares of restricted stock from 56 former employees and 17 employees who did not meet performance criteria for the 2024 fiscal year [4][5]. - The repurchase price for the restricted stock is set at 11.74 yuan per share, which is the lower of the grant price and the market price at the time of repurchase [4][5]. - The total number of shares being repurchased includes 593,640 shares from former employees and 39,474 shares from employees who failed to meet performance requirements [4][5]. Group 2: Compliance and Legal Framework - The repurchase and cancellation process is based on the provisions outlined in the "2021 Restricted Stock Incentive Plan (Draft)" and complies with the Company Law, Securities Law, and relevant regulations [2][6][8]. - The company has obtained necessary approvals and fulfilled information disclosure obligations as required by law [7][8]. - The legal opinion confirms that the repurchase does not harm the legal rights of the incentive targets or the interests of creditors [5][6]. Group 3: Impact on Company Structure - Following the repurchase, the company's total share capital will decrease from 1,271,021,430 shares to 1,270,388,316 shares [5]. - The company assures that this action will not significantly impact the stability of its management team or its financial performance [5][6].

北京市中伦（上海）律师事务所 关于聚辰半导体股份有限公司 事项的 法律意见书 二〇二五年八月 法律意见书 北京市中伦（上海）律师事务所 关于聚辰半导体股份有限公司 法律意见书 致：聚辰半导体股份有限公司 、《聚辰半 北京市中伦（上海）律师事务所（以下简称"本所"）接受聚辰半导体股份 有限公司（以下简称"聚辰股份"或"公司"）的委托，担任公司 2021 年限制性 股票激励计划（以下简称"2021 年激励计划"） 、2022 年限制性股票激励计划（以 下简称"2022 年激励计划"）以及 2023 年限制性股票激励计划（以下简称"2023 年激励计划"）的专项法律顾问，并就公司 2021 年激励计划首次授予部分第四个 归属期归属条件成就（以下简称"2021 年激励计划首次授予部分归属"）、2021 年激励计划预留授予部分第一批次第四个归属期归属条件成就（以下简称"2021 年激励计划预留授予部分归属"）、2022 年激励计划预留授予部分第三个归属期 、2023 年激励计 归属条件成就（以下简称"2022 年激励计划预留授予部分归属"） 划预留授予部分第二批次第一个归属期归属条件成就（以下简称"2023 年激励计 ...

Core Viewpoint - The company announced the repurchase and cancellation of restricted stocks due to the departure of two incentive plan participants who no longer qualify for the incentive program [1][5]. Group 1: Repurchase and Cancellation Details - The company will repurchase and cancel a total of 21,000 restricted stocks and 21,000 stock options from the departing employees [5][6]. - The repurchase price for the restricted stocks is set at 3.69 yuan per share, totaling 77,490.00 yuan, funded by the company's own resources [6][7]. - The total share capital of the company will decrease from 406,737,698 shares to 406,716,698 shares following the cancellation [6][7]. Group 2: Decision and Approval Process - The decision for the repurchase was approved during the company's board meetings held on June 6, 2025, and subsequent meetings confirmed the details of the incentive plan adjustments [2][3]. - The company conducted an internal announcement regarding the incentive plan participants, with no objections raised during the public notice period [2][3]. - Legal opinions confirm that the repurchase and cancellation process complies with relevant laws and regulations, ensuring no harm to the rights of the incentive participants or creditors [7][8].

Core Viewpoint - The company has announced adjustments to the grant prices of its restricted stock incentive plans for 2021, 2022, and 2023, as well as the cancellation of certain restricted stocks due to various reasons including personal departures of incentive targets and annual equity distribution matters [1]. Summary by Relevant Sections 2021 Restricted Stock Incentive Plan - The grant price for the 2021 plan has been adjusted from 16.02 CNY/share to 15.72 CNY/share [1]. - The decision followed the approval from the 2020 annual general meeting and subsequent meetings, confirming that the conditions for the first vesting period have been met [3][4]. - The company has also decided to cancel 80,000 shares of restricted stock that were granted but not vested due to the departure of certain incentive targets [3]. 2022 Restricted Stock Incentive Plan - The grant price for the 2022 plan has been adjusted from 16.33 CNY/share to 16.03 CNY/share [1]. - The company confirmed that the conditions for the first vesting period have been met, allowing for the processing of vesting for eligible incentive targets [15]. - A total of 384,950 shares were approved for vesting, while 43,300 shares that were granted but not vested were canceled [14]. 2023 Restricted Stock Incentive Plan - The grant price for the 2023 plan has been adjusted from 27.40 CNY/share to 27.10 CNY/share [1]. - The company has approved the grant of 1,138,200 shares to 68 incentive targets at a price of 27.60 CNY/share, with the grant date set for October 18, 2023 [18]. - The plan has undergone the necessary approval processes, including independent director opinions and compliance checks regarding insider trading [18].

证券代码：688123 证券简称：聚辰股份 公告编号：2025-040 聚辰半导体股份有限公司 第四个归属期符合归属条件的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 限制性股票拟归属数量：67,600 股 ● 归属股票来源：聚辰半导体股份有限公司（以下简称"公司"）向激励对 象定向发行公司 A 股普通股股票 一、本次股权激励计划的批准及实施情况 （一）本次股权激励计划的方案及履行的程序 （1）股权激励方式：第二类限制性股票。 （2）授予数量：公司 2021 年限制性股票激励计划授予的限制性股票总量为 万股的 0.74%。其中首次授予 72 万股（调整前），约占本次股权激励计划草案公 告日公司股本总额的 0.60%，占授予权益总额的 80.00%；预留授予 18 万股（调 整前），约占本次股权激励计划草案公告日公司股本总额的 0.15%，占授予权益 总额的 20.00%。 （3）授予价格：本次股权激励计划限制性股票调整后的授予价格为 15.72 元/股（调整后），即满足授予条件和归属条件后，激励 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown improvement in its business structure, with rapid development in its chemical agent business [1] - The report highlights a significant increase in revenue and a focus on expanding the chemical agent product line, which is expected to drive future growth [1] Financial Performance Summary - For 2023, total revenue is projected at 808.40 million, with a year-on-year growth of 47.47% - The net profit attributable to the parent company for 2023 is estimated at 90.33 million, reflecting a year-on-year increase of 36.39% - The earnings per share (EPS) for 2023 is expected to be 0.95 yuan, with a price-to-earnings (P/E) ratio of 44.42 [1][8] Revenue and Profit Forecast - Total revenue is forecasted to reach 1,271.09 million in 2025, representing a year-on-year growth of 37.09% - The net profit attributable to the parent company is expected to be 163.15 million in 2025, showing a decrease of 9.74% compared to 2024 [1][8] - The EPS for 2025 is projected at 1.71 yuan, with a P/E ratio of 24.59 [1][8] Business Segment Performance - The chemical agent revenue for the first half of 2025 is expected to be 1.66 billion, with a year-on-year growth of 42% - The gross margin for the chemical agent segment is projected to be 45%, contributing to 51% of the total gross profit [1] - The company has made significant investments in expanding its production capacity for copper extractants and other chemical products [1] Strategic Initiatives - The company has implemented a stock incentive plan aimed at achieving a compound annual growth rate of 17% in net profit from 2025 to 2027, reflecting confidence in future growth [1] - The report emphasizes ongoing efforts in market development and technological research, which are expected to enhance the company's competitive position [1]

Core Viewpoint - The company, EVE Energy, reported a mixed performance in its 2025 semi-annual report, showcasing a significant revenue growth of 30.06% year-on-year, reaching 28.17 billion yuan, while net profit was only 1.605 billion yuan, indicating pressure on profitability despite historical revenue highs [1][3] Financial Performance - Total revenue for the first half of the year was 28.17 billion yuan, a 30.06% increase year-on-year, while net profit was 1.605 billion yuan, with a non-recurring profit of 1.16 billion yuan [3] - Excluding stock incentive expenses and specific bad debt provisions, net profit would have been 2.218 billion yuan, reflecting a growth of 3.78% year-on-year [3] - The gross profit margin for the power battery business improved significantly, reaching 17.60%, an increase of 6.92 percentage points year-on-year [4] Operational Highlights - In Q2, the company achieved a record revenue of 15.351 billion yuan, with power battery shipments reaching 21.48 GWh, a year-on-year increase of 58.58%, and energy storage battery shipments at 28.71 GWh, up 37.02% [4] - Operating cash flow showed a remarkable recovery, with a net cash flow of 2.373 billion yuan, a year-on-year increase of 660.72% [4] Strategic Focus - The company is transitioning from "scale expansion" to "value cultivation," emphasizing the importance of technology iteration and product differentiation as survival strategies [1][7] - EVE Energy has established a multi-layered technological moat in power batteries, energy storage batteries, and frontier energy sectors, focusing on long-term talent investment and incentive mechanisms [2][8] Industry Context - The lithium battery industry is expected to see a significant shift, with the penetration rate of new energy vehicles in China projected to exceed 50% by 2025, and the energy storage market expected to grow at a compound annual growth rate of 30% [7][9] - The industry is experiencing a "tear" with competition among different battery technologies, including lithium iron phosphate and ternary batteries, as well as the commercialization of solid-state batteries [7] Future Outlook - The company is well-positioned in the market, with its large cylindrical battery technology leading to significant market share and expected growth in global shipments [8] - EVE Energy is also advancing in the energy storage sector, with a projected market size of 120 billion yuan by 2025 and over 500 billion yuan by 2030, driven by large-scale applications [9] - The company’s focus on R&D and technological advancements is expected to yield strong financial resilience and competitive advantages in the long term [10]

Core Viewpoint - The company's performance in Q2 2025 met expectations, with revenue of 15.4 billion, a year-on-year increase of 25% and a quarter-on-quarter increase of 20%. However, net profit decreased by 53% year-on-year and 54% quarter-on-quarter, primarily due to stock incentive expenses and credit impairment provisions [1]. Group 1: Performance Summary - Q2 2025 revenue reached 15.4 billion, with a year-on-year growth of 25% and a quarter-on-quarter growth of 20%. Net profit was 500 million, down 53% year-on-year and 54% quarter-on-quarter, impacted by stock incentive expenses of 490 million and credit impairment of 240 million [1]. - The power segment reported H1 2025 revenue of 5.1 billion, a year-on-year decline of 29%, with a gross margin of 17.6%, up 6.2 percentage points. Sales volume reached 21.48 GWh, a year-on-year increase of 59% [1]. - The energy storage segment had H1 2025 revenue of 10.3 billion, down 49% year-on-year, with a gross margin of 12.0%, down 2.3 percentage points. Sales volume was 28.71 GWh, a year-on-year increase of 37% [1]. - The consumer segment reported H1 2025 revenue of 5.1 billion, down 26% year-on-year, with a gross margin of 26.7%, down 1.6 percentage points. The company expects to maintain stable net profit contributions in Q2 2025 [1]. Group 2: Future Outlook and Developments - The company plans to maintain capital expenditures of 10 billion per year from 2025 to 2027, with multiple external collaborations starting in July [2]. - The first solid-state battery product is expected to be delivered in small batches in August, with a second product launch in Q3 and a 100 MWh production line to be completed this year [2]. - Stock incentive expenses for H1 2025 were 570 million pre-tax and 490 million post-tax, with an expected 420 million pre-tax for the second half of the year [2].

Group 1 - The company reported a strong performance in the first half of 2025, with total revenue of 3.4 billion yuan, a year-on-year increase of 20%, and a net profit attributable to shareholders of 640 million yuan, up 30% year-on-year [1] - In Q2 2025, the company achieved a revenue of 1.85 billion yuan, a 25% increase year-on-year, and a net profit of 370 million yuan, reflecting a 28% year-on-year growth, aligning with preliminary reports [1] - Key growth drivers include increased investment in the oil and gas sector in the Middle East, high demand for oil service equipment, and strong orders from major clients like Saudi Aramco and ADNOC [1] Group 2 - The company maintained a high gross margin of 35.8% in the first half of 2025, an increase of 0.3 percentage points year-on-year, while the net profit margin rose to 18.9%, up 1.5 percentage points year-on-year [2] - The company implemented a stock incentive plan in July 2025, granting 7.714 million restricted shares to 154 key personnel, aimed at enhancing team motivation and aligning interests [2] - The company forecasts net profits of 1.5 billion, 1.8 billion, and 2.1 billion yuan for 2025-2027, with corresponding P/E ratios of 17, 14, and 12 times [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 2025年6月17日，公司召开第十一届董事会2025年度第十次会议及第十一届监事会2025年度第五次会 议，审议通过了《关于回购注销部分限制性股票的议案》。具体内容详见公司2025年6月18日于上海证 券交易所网站（www.sse.com.cn）披露的《厦门国贸集团股份有限公司关于回购注销部分限制性股票的 公告》（公告编号：2025-46）。 证券代码：600755 证券简称：厦门国贸 编号：2025-50 厦门国贸集团股份有限公司 股权激励限制性股票回购注销实施公告 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： ●回购注销原因：厦门国贸集团股份有限公司（以下简称"公司"）2022年限制性股票激励计划（以下简 称"2022年激励计划"）中70名激励对象因架构调整、工作调动等原因调动至厦门国贸控股集团有限公司 或其下属企业任职，50名激励对象因离职，4名激励对象因退休，不再具备激励资格；公司2022年激励 计划首次授予第三个解除限售期和预留授予第二个解除限售期公 ...