Zhouming Technology issued an equity incentive plan, which intends to use both stock options and restricted stocks. The total number of common stocks of the company involved does not exceed 3.855 million shares, accounting for 3.82% of the company's total share capital.
According to the announcement, Chau Ming Technology intends to award 3.295 million stock options to the incentive targets, of which 3.095 million were granted for the first time, and 200,000 copies were reserved. In addition, it is proposed to grant 560,000 restricted shares to the incentive targets, of which 410,000 were granted for the first time and 150,000 were reserved. The exercise price of the stock option granted for the first time in this incentive plan is 13.32 yuan, and the price of the restricted stock is 6.88 yuan. The company's latest stock price is 13.32 yuan.
Judging from the unlocking conditions given by Chau Ming Technology, the requirements are quite high, or reflect the company's confidence in future growth. The company requires a net profit of 2012 as the base. The net profit growth rate from 2013 to 2015 is not less than 160%, 260% and 350% respectively. However, the company's net profit last year was only 22,698,300 yuan, a decrease of 50.33% over the same period of last year, and the base was low.
According to research reports, Chau Ming Technology is one of the most successful bidders for LED lighting promotion projects in the three ministries. The company actively deploys LED sales channels, and the engineering, wholesale, OEM, and e-commerce channels are fully rolled out, plaguing the company's capacity bottleneck last year. After the completion of the construction of the Pingshan base at the end of the year, the lighting business has become the main growth point of the company this year.
In addition, the company's display business grew steadily, and LED lighting product design and production lines were leading domestically. With the promotion of channel construction, LED indoor lighting products are expected to grow rapidly this year. At the same time, as the implementation unit of the Shenzhen local company and the Guangzhou-Shenzhen Expressway LED streetlight project, it has a higher probability of getting orders under the background of LED lighting renovation in Guangdong Province.
According to the announcement, Chau Ming Technology intends to award 3.295 million stock options to the incentive targets, of which 3.095 million were granted for the first time, and 200,000 copies were reserved. In addition, it is proposed to grant 560,000 restricted shares to the incentive targets, of which 410,000 were granted for the first time and 150,000 were reserved. The exercise price of the stock option granted for the first time in this incentive plan is 13.32 yuan, and the price of the restricted stock is 6.88 yuan. The company's latest stock price is 13.32 yuan.
Judging from the unlocking conditions given by Chau Ming Technology, the requirements are quite high, or reflect the company's confidence in future growth. The company requires a net profit of 2012 as the base. The net profit growth rate from 2013 to 2015 is not less than 160%, 260% and 350% respectively. However, the company's net profit last year was only 22,698,300 yuan, a decrease of 50.33% over the same period of last year, and the base was low.
According to research reports, Chau Ming Technology is one of the most successful bidders for LED lighting promotion projects in the three ministries. The company actively deploys LED sales channels, and the engineering, wholesale, OEM, and e-commerce channels are fully rolled out, plaguing the company's capacity bottleneck last year. After the completion of the construction of the Pingshan base at the end of the year, the lighting business has become the main growth point of the company this year.
In addition, the company's display business grew steadily, and LED lighting product design and production lines were leading domestically. With the promotion of channel construction, LED indoor lighting products are expected to grow rapidly this year. At the same time, as the implementation unit of the Shenzhen local company and the Guangzhou-Shenzhen Expressway LED streetlight project, it has a higher probability of getting orders under the background of LED lighting renovation in Guangdong Province.
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