登录新浪财经APP 搜索【信披】查看更多考评等级 公司确定本激励计划的激励对象，并不构成对员工聘用期限的承诺。公司仍按与激励对象签订的劳动合 同或聘用合同确定对员工的劳动关系或聘用关系。 十一、股权激励计划变更与终止 （一）本激励计划的变更、终止程序 1、本激励计划变更程序 （1）公司在股东会审议通过本激励计划之前对其进行变更的，薪酬委员会需向公司董事会提出建议， 变更需经董事会审议通过。公司对已通过股东会审议的本激励计划进行变更的，薪酬委员会需向公司董 事会提出建议，变更方案应提交股东会审议，且不得包括导致提前归属和降低授予价格的情形。 （2）公司应及时披露变更原因、变更内容，薪酬委员会应当就变更后的方案是否有利于公司的持续发 展，是否存在明显损害公司及全体股东利益的情形发表明确意见。律师事务所应当就变更后的方案是否 符合《管理办法》及相关法律法规的规定、是否存在明显损害公司及全体股东利益的情形发表专业意 见。 2、本激励计划终止程序 （1）公司在股东会审议前拟终止本激励计划的，需董事会审议通过并披露。公司在股东会审议通过本 激励计划之后终止实施本激励计划的，应提交董事会、股东会审议并披露。 （2）公司应当 ...

本公司预期目前注销股票增值权不会对本公司的财务状况及经营业绩产生任何重大影响，亦不会影响本 公司管理团队的勤勉工作。本公司管理团队将继续勤勉敬业，努力为股东创造价值。 京城佳业(02210)发布公告，根据股票增值权激励计划规则，由于行权条件未达成，首次授予的342万股 股票增值权(包括失去资格的三名激励对象所持有的37万股股票增值权)及预留授予的 40万股股票增值权 将注销。注销后，342万╱合共382万股股票增值权将失效且不可再行权。 ...

京城佳业(02210)发布公告，根据股票增值权激励计划规则，由于行权条件未达成，首次授予的342万股 股票增值权(包括失去资格的三名激励对象所持有的37万股股票增值权)及预留授予的40万股股票增值权 将注销。注销后，342万╱合共382万股股票增值权将失效且不可再行权。 本公司预期目前注销股票增值权不会对本公司的财务状况及经营业绩产生任何重大影响，亦不会影响本 公司管理团队的勤勉工作。本公司管理团队将继续勤勉敬业，努力为股东创造价值。 ...

12月10日晚间，澜起科技（688008）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，进一步绑定公司、股东与核心 管理层长期利益。 证券时报记者 王一鸣 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。 对此，澜起科技在2025年11月的业绩说明会上回应市场关切："公司高度重视投资者关于股票增值权的意见和建 议，正在积极研究优化方案。"经过多轮方案论证，公司最终确定调整方案为：将已授予的股票增值权全部转为限 制性股票。 市场人士表示，根据调整后的激励方案，未来公司股价上涨将不会导致股份支付费用增长，彻底打消了投资人 对"股价上涨影响报表利润"的顾虑，并且公司无需支付现金成本；此外，两名核心管理层的收益形式从现金收益 转为股票持有， ...

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 Points - Dongxin Co., Ltd. announced the convening of its third board meeting on October 16, 2025, to review the stock appreciation rights incentive plan [1] - The company approved the grant of 324,000 stock appreciation rights to seven incentive recipients, with the grant date set for October 16, 2025 [1]

Summary of Key Points Core Viewpoint The announcement details the achievement of the first exercise period conditions for the 2024 stock appreciation rights incentive plan of Shanghai Xinyang Semiconductor Materials Co., Ltd, allowing eligible participants to exercise their rights. Group 1: Incentive Plan Overview - The stock appreciation rights are based on virtual shares, with cash payments made based on the difference between the exercise price and the payout price [2][4] - A total of 257,800 stock appreciation rights are to be granted, representing approximately 0.08% of the company's total share capital of 3,133.81402 million shares [2][3] - The plan has a maximum validity period of 48 months from the grant date [4] Group 2: Exercise Conditions and Performance Targets - The exercise price for the stock appreciation rights is set at 16.88 yuan per share, adjusted from the original 17.34 yuan due to equity distribution [12][7] - The performance targets for the company are set as follows: - 2024 revenue must not be less than 1.5 billion yuan - 2025 revenue must not be less than 1.6 billion yuan - 2026 revenue must not be less than 1.7 billion yuan [7][8] - The exercise ratio is contingent on the achievement of these performance targets, with a maximum of 100% if targets are met [8][15] Group 3: Approval and Compliance - The plan has undergone necessary approvals, including verification by the supervisory board and legal opinions confirming compliance with relevant laws and regulations [17][19] - The supervisory board has confirmed that the six eligible participants meet the conditions for exercising their rights [17][19] - The company has disclosed all relevant information and has not received any objections during the public notice period [9][10]

Group 1 - The number of equity incentive plans in the A-share market has been steadily increasing, with over 5,600 plans implemented involving more than 2,900 listed companies as of May 2025 [1][2] - Equity incentives are a crucial management tool that aligns employee interests with long-term company development, enhancing motivation and performance [2][4] - The majority of companies implementing equity incentives are concentrated in high-growth sectors such as technology, machinery, electronics, and pharmaceuticals, with over 300 companies in each of these industries [2][3] Group 2 - The ChiNext board shows the highest enthusiasm for equity incentives, with nearly 900 companies having implemented such plans, while over 1,500 companies on the Shanghai and Shenzhen main boards have done so [3] - Private enterprises are the main force behind equity incentive plans, with over 2,100 private listed companies participating, accounting for more than 72% of all companies with implemented plans [3][4] - Recent trends indicate a significant increase in the number of private companies adopting equity incentives, with over 81% of such companies implementing plans in 2024, a record high [4] Group 3 - The second type of restricted stock has become the mainstream incentive tool, with over 53% of companies choosing this option in 2024, marking a historical peak [4] - Performance assessment indicators are becoming more flexible and diverse, with companies incorporating unique metrics such as market capitalization and R&D capabilities into their evaluations [5] - Multi-phase incentive plans are becoming common, with several companies implementing more than ten equity incentive plans [5] Group 4 - Companies that have implemented equity incentives generally experience dual improvements in stock prices and performance, with median stock price increases outperforming the CSI 300 index by significant margins [6][7] - High-growth industries see particularly pronounced short-term stock price boosts following equity incentive announcements, while traditional sectors often show negative short-term excess returns [7] - The effectiveness of equity incentives tends to diminish over time, with a decreasing percentage of companies showing revenue and profit growth in subsequent years [8] Group 5 - A total of 25 companies are highlighted for their strong growth potential, with expectations for net profit growth exceeding 20% in the coming years, driven by high performance assessment targets [10][11] - Companies like Jingye Intelligent have set ambitious revenue growth targets, while Jinwo shares focus on net profit growth, indicating diverse strategies in performance incentives [11] - As of late May, these 25 companies have seen an average stock price increase of over 15%, significantly outperforming major indices, showcasing the positive impact of equity incentives on stock performance [11]

Core Viewpoint - The implementation of equity incentives by companies, particularly in the "Two Innovation" sectors, is a strategic move to attract and retain key talent, aligning employee interests with long-term corporate growth [1][2][4]. Group 1: Company Actions - Beixin Group plans to grant a maximum of 12.9 million restricted shares as part of its equity incentive program aimed at directors, executives, and core personnel [1]. - A total of 260 A-share listed companies have adopted equity incentives this year, with 26,953 individuals as beneficiaries, indicating a growing trend in the capital market [1]. Group 2: Industry Characteristics - Companies in the "Two Innovation" sectors are characterized by their high-tech nature, where innovation is crucial for development, relying heavily on skilled personnel [2]. - The equity incentive mechanism effectively binds key talent to the company's fate, enhancing employee motivation and creativity [2]. Group 3: Policy Support - National policies have been introduced to support equity incentives, including tax benefits for high-tech and small enterprises, reducing the cost of implementing such programs [2]. - Regulatory flexibility allows companies to customize their equity incentive plans, with various instruments like restricted stocks and stock options being utilized [3]. Group 4: Market Dynamics - The competitive landscape in emerging industries has intensified, with companies vying for top talent, making equity incentives a critical tool for attracting and retaining skilled employees [3]. - The positive cycle of talent aggregation leading to performance growth and capital influx is enhancing growth expectations for the "Two Innovation" sectors [4]. - The dual effect of "survival of the fittest" and resource optimization is driving high-quality development in emerging industries [4].