恒烁半导体（合肥）股份有限公司2025年度权益分派实施公告详解

公告要点综述

• 证券代码：688416
• 证券简称：恒烁股份
• 公告编号：2026-024
• 本次权益分派方案已获得2025年度股东大会审议通过。
• 实施日期关键时间点：
  • 股权登记日：2026年6月23日
  • 除权（息）日：2026年6月24日
  • 新增无限售条件流通股份上市日：2026年6月24日
• 本次分派为差异化分红送转，采用资本公积转增股本，每股转增0.3股。
• 公司不派发现金红利，不送红股，仅以资本公积转增股份。
• 首发战略配售股份已全部上市流通。
• 公司回购专用账户持有的826,890股不参与本次转增股本。

详细权益分派方案

• 2025年度利润分配方案：
  • 不派发现金红利
  • 不送红股
  • 以资本公积向全体股东每股转增0.3股
• 参与分派对象：截至股权登记日下午上海证券交易所收市后登记在册的全体股东（回购专用账户除外）。
• 如利润分配及资本公积转增股本方案公告披露之日起至权益分派股权登记日期间，公司总股本发生变动，按每股转增比例不变，调整转增总额，并另行公告。
• 2024年限制性股票激励计划首次授予部分第二个归属期归属结果，增发170,281股后，公司总股本变为83,175,970股。
• 2025年度资本公积转增股本总额调整后，公司总股本为83,175,970股，扣除回购专用账户股份后参与分派股份为82,349,080股，合计转增24,704,724股，转增后公司总股本增至107,880,694股。

除权除息及价格调整

• 除权（息）参考价格计算公式：除权（息）参考价格=前收盘价格÷（1+流通股份变动比例）。
• 本次流通股份变动比例为约0.297，故除权（息）参考价格=前收盘价格÷1.297。
• 实施送转后，按新股本总额107,880,694股摊薄计算的2025年度每股收益为-0.93元。
• 本次资本公积金转增股本后，公司限制性股票激励计划授予价格、授予数量均将做相应调整，具体以相关公告为准。
• 部分股东减持承诺：锁定期后24个月内减持价格不低于发行价，若因权益分派除权除息，发行价将做相应调整。
• 本次权益分派不涉及扣税。

股本结构变动

投资者需重点关注事项

• 本次权益分派是以资本公积转增股本，不涉及现金红利，导致每股收益摊薄，2025年度每股收益为负（-0.93元）。
• 总股本增加，股价将根据除权公式调整，短期内可能对股价造成压力。
• 限制性股票激励计划实施后，公司股本结构和激励计划授予价格均会变化。
• 部分股东减持价格承诺将因除权除息做相应调整，实际减持价格可能变化。
• 公司回购专用账户股份不参与分派。
• 如对本次权益分派有疑问，投资者可联系公司证券部（0551-65673252）。

潜在对股价影响

• 本次分派不涉及现金红利，可能令部分投资者失望。
• 总股本大幅增加，未来每股收益摊薄，短期内对股价可能构成负面影响。
• 除权参考价将大幅下调，投资者需注意短线波动。
• 战略配售股份已全部上市流通，未来流通盘进一步增加。

免责声明

本文仅供参考，不构成任何投资建议。投资者需结合自身实际情况及风险偏好，谨慎决策。恒烁半导体（合肥）股份有限公司公告内容以官方公布信息为准，本文不承担任何法律责任。

English Version

Detailed Analysis of Hengshuo Semiconductor (Hefei) Co., Ltd. 2025 Annual Equity Distribution Implementation Announcement

Summary of Key Points

• Stock Code: 688416
• Stock Name: Hengshuo Co.
• Announcement No.: 2026-024
• This equity distribution plan was approved at the 2025 annual shareholders’ meeting.
• Key dates for implementation:
  • Record Date: June 23, 2026
  • Ex-rights (ex-dividend) Date: June 24, 2026
  • Listing Date of new unrestricted shares: June 24, 2026
• This distribution adopts a differentiated bonus conversion scheme, using capital surplus to issue 0.3 new shares per share.
• No cash dividend, no bonus shares, only capital surplus conversion.
• All initial strategic placement shares are now listed and tradable.
• Shares held in the repurchase dedicated account (826,890 shares) do not participate in the conversion.

Detailed Equity Distribution Plan

• 2025 profit distribution plan:
  • No cash dividend
  • No bonus shares
  • Capital surplus conversion: 0.3 new shares per share to all shareholders
• Eligible shareholders: All registered shareholders at the close of trading on the record date (excluding repurchase account).
• If total share capital changes between announcement and record date, the number of new shares issued will be adjusted but the conversion ratio per share remains unchanged.
• After the 2024 restricted stock incentive plan’s second vesting period, 170,281 new shares were issued, increasing total share capital to 83,175,970 shares.
• After adjustment, the total share capital is 83,175,970 shares, repurchase account excluded, eligible shares for distribution are 82,349,080. Total new shares issued: 24,704,724. Post-conversion total share capital: 107,880,694 shares.

Ex-rights, Ex-dividend and Price Adjustment

• Reference price calculation formula: Reference price = prior closing price ÷ (1 + proportion of circulating shares change).
• Proportion of circulating shares change is approx. 0.297, so reference price = prior closing price ÷ 1.297.
• After conversion, diluted 2025 EPS is -0.93 yuan.
• Restricted stock incentive plan grant price and quantity will be adjusted accordingly.
• Shareholder lock-up period: minimum selling price after lock-up will be adjusted for ex-rights/ex-dividend.
• No tax implications for this capital surplus conversion.

Share Capital Structure Changes

Points Investors Need to Focus On

• This distribution is purely capital surplus conversion, no cash dividend, resulting in dilution of EPS (2025 EPS: -0.93 yuan).
• Total share capital increases significantly; share price will adjust downward per ex-rights formula, potentially putting pressure on the price short-term.
• Restricted stock incentive plan implementation will change share capital structure and grant price.
• Shareholder minimum sale price promise will be adjusted for ex-rights/ex-dividend, actual sale price may change.
• Repurchase account shares are excluded from distribution.
• For queries, investors may contact the company’s securities department (0551-65673252).

Potential Share Price Impact

• No cash dividend may disappoint some investors.
• Significant increase in total share capital and diluted EPS could exert negative short-term impact on share price.
• Ex-rights reference price will adjust downward; short-term volatility expected.
• All strategic placement shares are tradable, further increasing market float.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should make decisions based on their own circumstances and risk preferences. Official information published by Hengshuo Semiconductor (Hefei) Co., Ltd. prevails. The author assumes no legal responsibility for this article.

View 恒烁股份 Historical chart here