证券代码：300680 证券简称：隆盛科技 公告编号：2024-056 无锡隆盛科技股份有限公司 关于2023年限制性股票激励计划 首次授予部分第一个归属期归属结果暨股份上市的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容： 1、本次归属股票的上市流通日：2024年11月19日； 2、本次归属股票的数量：73.89万股，占公司目前总股本的0.32%； 3、本次归属限制性股票人数：104人； 4、本次归属价格：11.28元/股（调整后）； 5、本次归属限制性股票来源：公司从二级市场回购的公司A股普通股股票。 无锡隆盛科技股份有限公司（以下简称"公司"）2023年限制性股票激励计划（ 以下简称"本激励计划"）规定的第一个归属期归属条件已经成就，根据公司2023年 第一次临时股东大会的授权，公司于2024年11月1日分别召开第五届董事会第三次会 议和第五届监事会第三次会议，审议通过《关于2023年限制性股票激励计划首次授予 部分第一个归属期归属条件成就的议案》，近日公司已完成本激励计划第一个归属期 股份的归属工作，现将有关事项说明如下： 一、本激励计划简 ...

Summary of Conference Call on Longsheng Technology Company Overview - Longsheng Technology initially focused on commercial vehicle paint and has expanded into the electric motor core market since 2018, achieving significant growth in this sector post-2020 [1][2] - The company has established a strong presence in both traditional and new energy vehicle markets, with a notable increase in electric motor core business [2] Financial Performance - Longsheng Technology is projected to achieve over 50% growth in revenue this year, reaching approximately 230 million [2] - Forecasts indicate that by 2025, revenue could exceed 300 million with a profit margin surpassing 30% [2][9] - Current valuation is around 20 times earnings, suggesting potential for further valuation expansion [2][9] Strategic Partnerships and New Ventures - On November 1, Longsheng announced a partnership with Chongqing Maomao Automotive Drive Company, focusing on deepening collaboration with the Seris brand, particularly in electric motor core supply [3][4] - The partnership aims to expand into semi-assembly products, increasing the average transaction value from approximately 500-600 to 1,500-2,000 [4] - In March, Longsheng formed a strategic alliance with Galaxy Aerospace, which specializes in low-cost, high-performance satellite communications [5] - This collaboration is expected to enhance Longsheng's core capabilities and open new growth avenues in the aerospace sector [5] Emerging Business Areas - Longsheng is exploring humanoid robotics, with plans to develop precision manufacturing applications and optimize production processes [6][7] - The company aims to achieve high precision in robotic applications, targeting a positioning accuracy of better than 0.1 mm [6] - Longsheng is also involved in commercial aerospace, focusing on satellite attitude control mechanisms, which are critical for satellite operation [7][8] Core Competencies - Longsheng's strength lies in its precision manufacturing capabilities, which are applicable across various sectors, including automotive and aerospace [10] - The company has a solid foundation in large-scale production, cost efficiency, and high-quality standards, which are essential for its automotive and aerospace operations [10] - The ability to leverage precision processing across different applications is a key competitive advantage for Longsheng [10] Future Outlook - Longsheng's rapid growth trajectory and diverse business expansions indicate a promising future, with ongoing developments in humanoid robotics and aerospace [11] - The company is well-positioned to capitalize on emerging market opportunities while maintaining a strong focus on its core competencies [11]

Key Points Industry and Company Involved - **Industry**: Automotive, Electric Vehicles (EVs), Precision Engineering - **Company**: Longsheng Technology Core Views and Arguments - **Main Themes**: Huawei supply chain and Tesla supply chain - **Longsheng Technology's Position in Huawei Supply Chain**: Direct involvement in the Huawei supply chain, with potential extensions to humanoid robots and low-altitude industries - **Growth Drivers**: - **Traditional Motor Iron Core**: Rapid and sustained growth due to the surge in new vehicle sales - **ECR Business**: Strong growth potential in the hybridization trend, especially in low-line cities and northern markets - **Precision Engineering Platform**: Enables expansion into new areas like humanoid robots and low-orbit micro-satellites - **Strategic Collaborations**: - **Joint Venture with Moming Auto Drive**: 51% stake by Longsheng Technology, focusing on motor iron core and potential extensions to powertrains - **Strategic Cooperation with Weiyin Zhongjia**: Collaboration on satellite energy modules, communication modules, and control modules, leveraging Weiyin Zhongjia's design and manufacturing capabilities Other Important Points - **Historical Growth**: - **Motor Iron Core**: Significant growth since 2020, driven by new vehicle sales - **ECR Business**: Initially focused on commercial vehicles, now expanding to passenger cars - **Valuation**: - 2024 expected revenue: 2.3 billion yuan, with a 50% growth compared to the previous year - 2025 expected revenue: Over 3 billion yuan, with a 30% growth - Current valuation: Approximately 20 times forward earnings - **Long-term Prospects**: - Continued growth in traditional motor iron core and ECR business - Expansion into new areas like humanoid robots and low-orbit micro-satellites - Significant potential for valuation expansion based on growth and valuation matching

Investment Rating - The report maintains a "Buy" rating for Longsheng Technology [5] Core Views - The company plans to establish a joint venture in Chongqing, which is expected to enhance its collaboration with Seres in depth and breadth [1] - The joint venture will focus on the production of components for electric drive systems, particularly motor cores, which have seen significant growth since the establishment of its wholly-owned subsidiary, Longsheng New Energy [2] - The investment aims to transition the company's product offerings from components to semi-assemblies, thereby increasing product value and core competitiveness [2] Summary by Sections Business Overview - Longsheng Technology's products are primarily used in energy-saving and emission-reduction fields, including EGR systems, motor cores, natural gas injection systems, and precision components [2] - The EGR products are mainly applied in commercial vehicles and new energy vehicles, while motor cores are essential components in electric drive systems for new energy vehicles [2] Investment Purpose and Impact - Since entering the new energy sector in 2018, the company has made significant progress in energy power systems, electric drive systems, electronic control systems, and intelligent driving systems [2] - The establishment of the joint venture is expected to strengthen customer development and align with the company's overall business strategy, particularly in collaboration with Seres for various vehicle models [2] Financial Forecast and Valuation - Projected revenues for 2024-2026 are estimated at 26.61 billion, 33.47 billion, and 40.67 billion, representing year-over-year growth of 45.6%, 25.8%, and 21.5% respectively [3] - Expected net profits for the same period are forecasted at 2.38 billion, 3.15 billion, and 3.98 billion, with year-over-year growth rates of 61.9%, 32.6%, and 26.2% [3] - Earnings per share (EPS) are projected to be 1.03, 1.36, and 1.72 yuan, with corresponding price-to-earnings (P/E) ratios of 25.91, 19.54, and 15.48 [3][4]

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无锡隆盛科技股份有限公司 监事会关于 2023 年限制性股票激励计划首次授予部分 第一个归属期归属名单的核查意见 无锡隆盛科技股份有限公司（以下简称"公司"）监事会根据《上市公司股权激 励管理办法》（以下简称《管理办法》）、《深圳证券交易所创业板股票上市规则》 （以下简称《上市规则》）等相关规定及《无锡隆盛科技股份有限公司章程》（以下 简称《公司章程》）的要求，对公司 2023 年股权激励限制性股票激励计划（以下简 称"本激励计划"）首次授予部分的第一个归属期归属名单进行核查，发表核查意见 如下： 监事会同意本次符合条件的 104 名激励对象办理归属，本次对应限制性股票的归 属数量为 73.89 万股。上述事项符合相关法律、法规及规范性文件所规定的条件，不 存在损害公司及股东利益的情形。 除 5 名激励对象因离职丧失激励对象资格，不符合归属条件，1 名激励对象自愿 放弃获授权益的资格外，公司 2023 年限制性股票激励计划第一个归属期 104 名激励 对象符合《公司法》《证券法》等法律、法规和规范性文件以及《公司章程》规定的 任职资格，符合《管理办法》《上市规则》等法律、法规和规范性文件规定的激励对 象条件， ...

本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、监事会会议召开情况 2024 年 11 月 1 日，无锡隆盛科技股份有限公司（以下简称"公司"）第五届监 事会第三次会议在公司会议室以现场表决的方式召开，会议通知于 2024 年 10 月 29 日以书面通知的方式向各位监事发出。本次会议由监事会主席沈家湖先生召集、主持， 会议应出席监事三名，实际出席监事三名。 本次会议的召集、召开符合《中华人民共和国公司法》及有关法律、法规、规章、 规范性文件及《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事审议，以投票表决方式通过了以下议案： 证券代码：300680 证券简称：隆盛科技 公告编号：2024-054 无锡隆盛科技股份有限公司 第五届监事会第三次会议决议公告 市公司股权激励管理办法》《2023年限制性股票激励计划（草案修订稿）》等相关规 定，不会对公司的财务状况和经营成果产生实质性影响，不存在损害公司及全体股东 利益的情形。因此，同意作废2023年限制性股票激励计划已授予但尚未归属的限制性 股票合计4.6万股。具体内容详见公司同日披露于巨潮资讯网（ ...

一、董事会会议召开情况 2024 年 11 月 1 日，无锡隆盛科技股份有限公司（下称"公司"）第五届董事会 第三次会议在公司会议室以现场及通讯表决的方式召开，会议通知于 2024 年 10 月 29 日以书面通知的方式向各位董事发出。本次会议由董事长倪铭先生召集并主持，会议 应出席董事七名，实际出席董事七名。公司监事及高级管理人员列席本次会议。 本次会议的召集、召开符合《公司法》《公司章程》及有关法律、法规和规范性 文件的要求。 二、董事会会议审议情况 经与会董事审议，以投票表决方式通过了以下议案： 1、审议通过《关于 2023 年限制性股票激励计划首次授予部分第一个归属期归属 条件成就的议案》 证券代码：300680 证券简称：隆盛科技 公告编号：2024-053 无锡隆盛科技股份有限公司 第五届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本议案已经董事会薪酬与考核委员会、独立董事专门会议审议通过。 根据《上市公司股权激励管理办法》《2023 年限制性股票激励计划（草案修订稿）》 及《2023 年限制性股票激励计划实施考核管理 ...

广发证券股份有限公司 关于 无锡隆盛科技股份有限公司 作废 2023 年限制性股票激励计划部分已授 予但尚未归属的限制性股票 之 独立财务顾问报告 （一）本独立财务顾问报告所依据的文件、材料由隆盛科技提供，本激励计 划所涉及的各方已向独立财务顾问保证：所提供的出具本独立财务顾问报告所依 据的所有文件和材料合法、真实、准确、完整、及时，不存在任何遗漏、虚假或 误导性陈述，并对其合法性、真实性、准确性、完整性、及时性负责。本独立财 务顾问不承担由此引起的任何风险责任。 独立财务顾问： 二零二四年十一月 第一章 释义 以下词语如无特殊说明，在本文中具有如下含义： | 隆盛科技、公司、上市公司 | 指 | 无锡隆盛科技股份有限公司 | | --- | --- | --- | | 本独立财务顾问、广发证券 | 指 | 广发证券股份有限公司 | | 本（次）激励计划、本（次） | 指 | 无锡隆盛科技股份有限公司 2023 年限制性股票激励 | | 计划、《激励计划》 | | 计划（草案） | | 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 ...

广发证券股份有限公司 2023 年限制性股票激励计划首次授予部分 第二类限制性股票第一个归属期归属条件 成就 关于 无锡隆盛科技股份有限公司 之 独立财务顾问报告 独立财务顾问： 二零二四年十一月 第一章 释义 以下词语如无特殊说明，在本文中具有如下含义： | 隆盛科技、公司、上市公司 | 指 | 无锡隆盛科技股份有限公司 | | --- | --- | --- | | 本独立财务顾问、广发证券 | 指 | 广发证券股份有限公司 | | 本（次）激励计划、本（次） | 指 | 无锡隆盛科技股份有限公司 2023 年限制性股票激励 | | 计划、《激励计划》 | | 计划（草案） | | 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 | | 激励对象 | 指 | 按照本激励计划规定，获得限制性股票的在公司（含 子公司）任职的部分董事、高级管理人员及董事会认 | | | | 为需要激励的其他人员 | | 授予日 | 指 | 公司向激励对象授予限制性股票的日期，授予日必须 | | | | 为交易日 | | 授予价格 | ...