Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report emphasizes the continuous recommendation of domestic investment opportunities due to increasing external technology controls and the ongoing promotion of domestic innovation policies, indicating a clear trend towards self-sufficiency in key technologies [6][13] - The performance of leading domestic computing companies is showing significant revenue growth, validating the trend of domestic industrial development [7][14] Summary by Sections Weekly Perspective - The report highlights the sustained recommendation of domestic investment opportunities, noting a decline in the CSI 300 index by 2.22% and a 5.61% drop in the computer index during the week of October 13-17, 2025 [5][12] Company Dynamics - Haiguang Information reported a revenue of 40.26 billion yuan for Q3 2025, marking a year-on-year growth of 69.60% and a net profit of 759.99 million yuan, up 13.04% [16] - Cambricon Technologies achieved a revenue of 1.727 billion yuan in Q3 2025, with a staggering year-on-year increase of 1332.52%, and a net profit of 567 million yuan, indicating a strong turnaround [14] Investment Recommendations - Key domestic software companies recommended include Kingsoft Office, Dameng Data, and others, while leading domestic computing companies such as Haiguang Information and Sugon are also highlighted for their growth potential [8][15]

Group 1 - The core transaction on October 17 involved a block trade of 111,000 shares of Longxin Zhongke, with a transaction value of 15.02 million yuan and a transaction price of 135.35 yuan, which was the same as the closing price for the day [2][3] - The stock closed at 135.35 yuan, down 5.10% for the day, with a turnover rate of 1.41% and a total trading volume of 783 million yuan, indicating a net outflow of main funds amounting to 82.91 million yuan [2] - Over the past five days, the stock has cumulatively decreased by 6.86%, with a total net outflow of funds reaching 243 million yuan [2] Group 2 - The latest margin financing balance for Longxin Zhongke is 999 million yuan, reflecting a decrease of 340 million yuan over the past five days, which corresponds to a decline of 25.56% [3] - Longxin Zhongke Technology Co., Ltd. was established on March 5, 2008, with a registered capital of 401 million yuan [3]

Group 1 - The core transaction involved Longxin Zhongke, with a total of 111,000 shares traded on October 17, amounting to 15.0239 million yuan, which represented 1.88% of the total trading volume for that day [1][2] - The transaction price was 135.35 yuan per share, which was consistent with the market closing price on the same day [1][2]

Core Points - Longxin Zhongke announced the approval of a restricted stock incentive plan during the 11th meeting of its second board of directors, scheduled for October 15, 2025 [2] - The grant date for this incentive plan is set for October 15, 2025, with a grant price of 79.03 yuan per share [2] - A total of 530,862 restricted stock shares will be granted to 100 eligible incentive recipients [2]

Group 1 - The core point of the article is that Longxin Zhongke held its 10th meeting of the 2nd board of directors on October 15, 2025, to discuss granting restricted stock to incentive targets [1] - For the year 2024, Longxin Zhongke's revenue composition is 99.99% from integrated circuits and 0.01% from other businesses [1] - As of the report date, Longxin Zhongke has a market capitalization of 57.2 billion yuan [2]

Core Viewpoint - Longxin Zhongke (688047.SH) announced the approval of a restricted stock incentive plan during its board meeting on October 15, 2025, aimed at motivating key personnel through stock ownership [1] Group 1: Company Actions - The company will grant 530,862 restricted shares to 100 eligible incentive recipients at a price of 79.03 yuan per share [1]

龙芯中科技术股份有限公司 2025 年限制性股票激励计划激励对象名单 （截至授予日） 2、本激励计划的激励对象不包括单独或合计持有上市公司 5%以上股份的股东或实际控制人及其配偶、 父母、子女，也不包括公司独立董事以及外籍员工。 龙芯中科技术股份有限公司董事会 2025 年 10 月 15 日 一、限制性股票激励计划分配情况表 | 激励对象 | 获授限制性股 | 占授予限制性股 | 占授予日公司股本 | | --- | --- | --- | --- | | | 票数量（万股） | 票总数比例 | 总额比例 | | 核心骨干员工（共 100 人） | 53.0862 | 100.00% | 0.13% | | 合计 | 53.0862 | 100.00% | 0.13% | 注：1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司股票均未超过公司总 股本的 1%。公司全部有效的激励计划所涉及的标的股票总数累计不超过股权激励计划提交股东大会时公司 股本总额的 20%。 ...

龙芯中科技术股份有限公司董事会薪酬与考核委员会 关于公司 2025 年限制性股票激励计划授予激励对象名单 的核查意见（截至授予日） 龙芯中科技术股份有限公司（以下简称"公司"）董事会薪酬与考核委员会根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、 《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）、《科创板上市 公司自律监管指南第 4 号——股权激励信息披露》等相关法律法规、规范性文件及《龙 芯中科技术股份有限公司章程》（以下简称"《公司章程》"）的有关规定，对公司 2025 年限制性股票激励计划（以下简称"本次激励计划"）授予激励对象名单进行审核，发表 核查意见如下： 1、本次激励计划授予的激励对象均不存在《管理办法》第八条规定的不得成为激 励对象的下列情形： （1）最近 12 个月内被证券交易所认定为不适当人选； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （3）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行政处罚或者 采取市场禁入 ...

证券代码：688047 证券简称：龙芯中科 公告编号：2025-041 龙芯中科技术股份有限公司 关于向激励对象授予限制性股票的公告 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： 限制性股票授予日：2025年10月15日 限制性股票授予数量：53.0862万股限制性股票，约占授予日公司股本总 额40,100.00万股的0.13% 股权激励方式：第二类限制性股票 龙芯中科技术股份有限公司（以下简称"公司"）《2025 年限制性股票激励 计划（草案）》（以下简称"《激励计划（草案）》"）规定的公司 2025 年限制 性股票激励计划（以下简称"本次激励计划"或"本激励计划"）的授予条件已经成 就，根据公司 2025 年第一次临时股东大会的授权，公司于 2025 年 10 月 15 日召 开第二届董事会第十一次会议，审议通过了《关于向激励对象授予限制性股票的 议案》，确定公司本次激励计划的授予日为 2025 年 10 月 15 日，以 79.03 元/股 的授予价格向 100 名符合授予条件的激励对象授予 53. ...

证券代码：688047 证券简称：龙芯中科 上海荣正企业咨询服务（集团）股份有限公司 关于 龙芯中科技术股份有限公司 2025 年限制性股票激励计划授予相关事项 之 独立财务顾问报告 2025 年 10 月 | | | 一、释义 | 龙芯中科、本公司、公司、 | 指 | 龙芯中科技术股份有限公司 | | --- | --- | --- | | 上市公司 | | | | 财务顾问、独立财务顾问 | 指 | 上海荣正企业咨询服务（集团）股份有限公司 | | 本激励计划、本次激励计 | | 龙芯中科技术股份有限公司 年限制性股票激励计 2025 | | 划、本计划、股权激励计划 | 指 | 划 | | 限制性股票、第二类限制性 | 指 | 符合本激励计划授予条件的激励对象，在满足相应归 | | 股票 | | 属条件后分次获得并登记的本公司股票 | | | | 按照本激励计划规定，获得限制性股票的在公司（含 | | 激励对象 | 指 | 控股子公司）任职的核心骨干员工 | | 授予日 | 指 | 公司向激励对象授予限制性股票的日期 | | 授予价格 | 指 | 公司授予激励对象每一股限制性股票的价格 | | | | ...