7月30日新益昌主力资金净流入1012.59万元，占流通市值的0.16%。 风险提示：股市有风险，投资需谨慎。 新益昌7月30日报收63.55元，较前一交易日下跌1.20%。当日成交量为31329手，成交金额达2.02亿元。 新益昌属于专用设备制造业，主要从事半导体、LED及新型显示、电容器、锂电池等行业智能制造装备 的研发、生产和销售。公司是国内半导体、新型显示封装和电容器老化测试智能制造装备领域的领先企 业。 公司7月30日在投资者互动平台表示，尚未与盛合晶微展开业务合作。此外，公司于7月29日至30日接待 了信银理财、中信证券等多家机构的调研，介绍了公司主营业务和发展情况。 ...

Core Viewpoint - New Yi Chang (688383.SH) has launched a stock incentive plan amid continuous declines in performance, with the aim to motivate employees and improve financial results [1][2]. Group 1: Stock Incentive Plan - The stock incentive plan for 2025 proposes a grant of 1.064 million restricted shares at a price of 28.03 yuan per share, which is 50% of the average trading price prior to the announcement [1][4]. - The first vesting period's revenue target for 2025 is set to grow by 15% compared to 2024, with a trigger value of 12% growth [1][6]. - The plan includes 184 individuals, focusing on key personnel such as directors and core technical staff [4][5]. Group 2: Financial Performance - New Yi Chang has experienced a decline in both revenue and net profit for three consecutive years from 2022 to 2024, with 2024 revenue at 9.34 billion yuan, down 10.22% year-on-year [2][10]. - In Q1 2025, the company reported revenue of 227 million yuan, a decrease of 13.78% year-on-year, and a net profit of 11.7 million yuan, down 59.58% [2][7]. - The Q1 2025 revenue only achieved 21.14% of the target value set in the incentive plan [3][8]. Group 3: Strategic Adjustments - The company is implementing an industrial upgrade strategy, reducing traditional LED production capacity while focusing on new display and semiconductor technologies [2][10]. - Despite the challenges, New Yi Chang continues to increase R&D investment, with expenses rising from 89.64 million yuan in 2022 to 97.62 million yuan in 2024 [11]. Group 4: Financial Health Concerns - As of the end of 2024, accounts receivable amounted to 546 million yuan, representing 19.30% of total assets, raising concerns about liquidity [13]. - The inventory value stood at 760 million yuan, accounting for 39.54% of current assets, indicating a high level of stock due to the nature of the production cycle [13].