HuaYuan Securities: Maintains a "buy" rating on Longying Precision, with dual incentive plans tied to core talent, showing confidence in long-term development.

Huayuan Securities research report pointed out that Changying Precision recently launched the sixth phase of the employee stock ownership plan and the 2025 restricted stock incentive plan, further improving the company's incentive system and demonstrating the company's long-term development confidence. The introduction of the two incentive plans is expected to fully mobilize the enthusiasm and creativity of employees, attract and retain outstanding management talents, core R&D personnel, and business backbone, enhance the cohesion of company employees and the company's competitiveness, promote the company's long-term, stable, and healthy development. The establishment or further improvement of the company's incentive and constraint mechanisms reflects the company's confidence in long-term sustainable development. The company has currently formed a development pattern of dual pillars of consumer electronics and new energy + artificial intelligence. Considering the stable performance of the company's main business and the rapid progress of emerging businesses such as humanoid robots, this incentive plan may strengthen the cohesion of the company's core team, promote the company's long-term development, and maintain a "buy" rating.