不过，随着公司市值上涨，原激励计划采用的股票增值权工具也带来了"甜蜜的烦恼"。作为现金结算工 具，股票增值权虽不摊薄股东权益，但根据相关会计准则，即便未进入行权期、公司未产生实际现金成 本，仍需每季度计提股份支付费用。 今年以来，公司业绩增长推动股价上涨，导致计提的费用大幅增加，对此，资本市场持不同观点：部分 投资人认为，股份支付费用增长不影响公司核心竞争力与盈利能力，科技公司股东的核心利益体现在市 值而非报表利润上；部分投资人则提出对股票增值权上限进行封顶或变更部分为股票的建议，以此合理 控制费用总额。 12月10日晚间，澜起科技发布公告，对《第三届董事会核心高管激励计划》进行修订，将已授予的1140 万份股票增值权全部变更为第二类限制性股票。 据了解，此次方案调整是对资本市场反馈的积极回应，有助于公司合理控制费用，更旨在进一步绑定公 司、股东与核心管理层的长期利益，为公司长期高质量发展夯实根基，推动业绩与股东价值实现协同跃 升。 回顾该激励计划的推出背景，2024年9月初，正值资本市场整体情绪低迷、投资者信心不足之际，澜起 科技亦处于业绩修复关键阶段，彼时公司市值约为570亿元。在此背景下，公司推出的激励 ...

Core Viewpoint - The company reported a net profit of 43.11 million yuan for the first three quarters of 2025, representing a 10.58% increase year-on-year, and a net profit of 38.36 million yuan after deducting non-recurring gains and losses, which is a 22.86% increase compared to the same period last year [3]. Financial Data - The company confirmed that the quarterly report is true, accurate, and complete, with no false records or major omissions [2][11]. - The third-quarter financial report for 2025 has not been audited [3][8]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. Shareholder Information - The company has a total of 60,380,560 shares, and it plans to distribute a cash dividend of 4.00 yuan per 10 shares to all shareholders [12]. Board Meeting - The company's board of directors held its 19th meeting on October 28, 2025, where several key resolutions were passed, including the approval of the third-quarter report and the profit distribution plan [10][11][12]. - The meeting was attended by all six directors, and the resolutions were passed unanimously [10][11]. Other Important Matters - The board approved the establishment of a management system for departing directors and senior management to ensure governance stability and protect shareholder rights [14].

Core Viewpoint - Daxin Education (09986) expects a significant increase in pre-tax losses for the first half of 2025, projecting losses between RMB 40 million to RMB 60 million, compared to a pre-tax loss of approximately RMB 930,000 in the first half of 2024, primarily due to increased management expenses from share-based payment costs [1] Financial Performance - The projected pre-tax loss for the first half of 2025 is estimated to be between RMB 40 million to RMB 60 million [1] - The pre-tax loss for the first half of 2024 was approximately RMB 930,000 [1] - The increase in pre-tax losses is attributed to higher management expenses resulting from share-based payment costs [1]

Core Viewpoint - The company, Fengcai Technology, reported its first-quarter financial results for 2025, highlighting significant growth in net profit and net profit excluding non-recurring gains and losses compared to the previous year [3]. Financial Data Summary - The net profit attributable to shareholders for the first quarter of 2025 was 67.34 million yuan, representing a year-on-year increase of 29.66% [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 60.81 million yuan, showing a year-on-year growth of 38.08% [3]. Shareholder Information - There were no changes reported in the number of shareholders holding more than 5% of shares or the top ten shareholders compared to the previous period [5]. Audit Information - The financial statements for the first quarter of 2025 were not audited [3][6].