紫光国微（002049.SZ）事件点评 股权激励高目标彰显信心，特种芯片龙头焕新机 2025 年 09 月 27 日 ➢ 事件：紫光国微 9 月 25 日晚发布 2025 年股权激励计划（草案），计划向 激励对象授予股票期权 1680 万份，占公司股本的 1.98%，其中首次授予股票期 权 1560.14 万份，首次授予激励对象人数 466 人，包括公司董事、高级管理人 员、核心管理人员、核心骨干人员。 ➢ 高目标彰显信心，特种芯片龙头焕新机。本次股权激励首次授予的股票期权 自授予之日起满 12 个月、24 个月、36 个月、48 个月，激励对象按 20%、30%、 30%、20%的行权比例分四期行权。本次激励计划在行权期的四个会计年度，分 年度进行业绩考核，根据考核指标每年对应完成情况核算公司层面行权比例。具 体来看，公司层面达到 100%行权比例对应 2025/2026/2027/2028 年扣非归母 净利润相较 2024 年扣非归母净利润（9.26 亿元）的增长率应分别不低于 10%/60%/100%/150%，即 2025-2028 年扣非归母净利润需分别不低于 10.19/14.82/18.52/2 ...

Core Insights - Unigroup Guowei achieved a net profit attributable to shareholders of 692 million yuan in the first half of 2025, representing a year-on-year decrease of 6.18% [1] - In Q2, the net profit attributable to shareholders was 573 million yuan, showing a year-on-year increase of 33% and a quarter-on-quarter increase of 381% [1] - The gross margin for Q2 was 56.30%, with a quarter-on-quarter increase of 2.2 percentage points [1] Business Performance - The company has over 800 varieties in special integrated circuits, with expertise in AI + visual perception, processors, programmable devices, memory, networking and interfaces, analog devices, and ASIC/SoPC [1] - Unigroup Guowei is expanding into new application scenarios such as commercial aerospace while solidifying its traditional business downstream [1] - The company continues to make breakthroughs in the smart card sector, with its SIM card chip business ranking among the top in both China and globally [1] Market Position - The company holds a leading market share in financial IC card chips, ID card readers, and POS machine SE chips domestically [1] - In certain areas of automotive electronic chips, the company is also positioned as a domestic leader [1] - As a domestic leader in special chips, the company is expected to benefit from the recovery of special demand and the growth potential from innovative product lines [1]

格隆汇8月6日丨航锦科技（维权）(000818.SZ)在互动平台表示，公司特种芯片业务属于半导体范畴， 公司具备芯片设计能力及封装测试产能；公司算力业务采用先进GPU服务器产品及高速光联接产品为客 户提供解决方案及业务支持，其核心运算处理及联接交换单元也属于半导体范畴。 ...