Connected data datayes! (hereinafter referred to as “data”) shows that as of February 13, 83 A-share companies have issued equity incentive plans in 2022. Among them, there are 21 gem, 18 small and medium-sized board, 22 main board, 20 science and innovation board and 2 Beijing stock exchange. From the perspective of the industry, the pharmaceutical industry accounts for the largest proportion. 11 related enterprises such as Jafron Biomedical Co.Ltd(300529) , Sonoscape Medical Corp(300633) , Careray Digital Medical Technology Co.Ltd(688607) and Aohua endoscopy have issued equity incentive plans one after another.
For the reasons for the surge in the scale of equity incentive of A-Shares in recent years, Insiders analyzed the reporter of Securities Daily and said: “The comprehensive promotion of the registration system has boosted the popularity of equity incentive in the market. More and more technology-based, R & D-based and service-oriented listed enterprises have adopted more flexible equity incentive mechanisms to further release the vitality of employees. At the same time, in the post epidemic era, the repair and development of China’s economy has also driven and enhanced the willingness of listed companies to carry out equity incentive.”
During the year of , 83 listed companies issued equity incentive plans
The implementation of equity incentive for middle and senior managers and core employees has become an important mechanism of A-share corporate governance. As of February 13, 83 A-share companies have issued equity incentive plans in 2022, and more than 90% of the incentive methods are directional issuance of shares.
From the perspective of incentive subject matter, in addition to the traditional equity, Jafron Biomedical Co.Ltd(300529) , Jiangxi Wannianqing Cement Co.Ltd(000789) , Jiangsu Akcome Science And Technology Co.Ltd(002610) and other 11 companies use options as incentive subject matter, and the source of exercise shares is the directional issuance of shares by listed companies. Among all the equity incentive schemes for A-Shares in 2021, 713 plans chose private placement, accounting for nearly 90% of the total, and 69 plans chose to buy back the company’s shares from the secondary market.
Since this year, the companies that have issued the equity incentive plan have no lack of industry leaders in A-share segmentation. For example, leading aquaculture enterprises Muyuan Foods Co.Ltd(002714) and China United Network Communications Limited(600050) . Moreover, in the popular semiconductor industry, many companies have released equity incentive plans this year. Among them, China’s segment track leader Verisilicon Microelectronics (Shanghai) Co.Ltd(688521) , which focuses on semiconductor IP licensing, and semiconductor cleaning equipment leader Pnc Process Systems Co.Ltd(603690) .
In addition, companies listed on the Beijing stock exchange have also joined the team of equity incentive. Anhui phoenix and Bingyang technology respectively released equity incentive plans at the beginning of this year, which have been approved by the general meeting of shareholders.
registration system promotes the surge in the implementation of equity incentive
In fact, in the past two years, the enthusiasm for the implementation of equity incentive in A-Shares has increased significantly compared with previous years. According to the data, in 2020, 443 companies issued equity incentive plans for a shares, while the number of companies increased to 818 in 2021, an increase of 84% over 2020.
Among the A shares issued with equity incentive, private enterprises occupy the mainstream. According to the data of 2021, among the 818 A-share companies that announced the equity incentive plan, 651 private enterprises.
From 2018 to 2020, the number of equity incentive plans issued by private enterprises increased year by year, accounting for more than half of the total. In 2018, 323 private listed companies in A-share issued equity incentive plans. By 2021, the number had increased to 651, and the number of private enterprises had nearly doubled in four years.
From the perspective of A-share sectors, in 2021, gem became the sector with the largest number of equity incentive plans, accounting for 29.54%; The main board accounts for 28.45%, and the proportion of incentive objects in the total number of Listed Companies in 2021 is about 14.08%.
“The substantial increase in the number of equity incentive plans is a bright spot in the equity incentive market. To a certain extent, it shows that equity incentive has entered the era of normalization and has become an effective means for listed companies to improve corporate governance and governance ability.” The above insiders made supplementary analysis to the reporter of Securities Daily.
In the past two years, state-owned enterprises have also accelerated the pace of equity incentive. In 2020, the number of state-owned enterprises issuing equity incentive plans was 63, which increased to 96 in 2021, an increase of 52%.
In this regard, Orient International Enterprise Ltd(600278) Board Secretary Chen Naiyi told the reporter of Securities Daily: “as a state-owned listed company in the trade industry in Shanghai, and as a ‘double hundred enterprise’, it is necessary and responsible to implement the requirements of Shanghai’s regional comprehensive reform and contribute more to the construction of Shanghai’s’ three key tasks’ and ‘five centers’.”
“The management of the company has comprehensively considered the requirements of the state-owned assets policy, the 14th five year plan of the company, the annual operating performance plan, the performance commitment of asset restructuring and other factors. From the perspective of the company’s performance, the conditions for lifting the restrictions are mainly determined by earnings per share (EPS) The growth rate of net profit attributable to the parent company and the net profit of Dongsong company, the core enterprise in the big health sector. The setting of these three indicators reflects the fundamental goal of the company’s pursuit of high-quality development, and is also the fundamental requirement of Shanghai SASAC and controlling shareholders for the company. ” Chen Naiyi told reporters.
It is worth mentioning that Orient International Enterprise Ltd(600278) This equity incentive was implemented for the first time in more than 20 years since it was listed. At present, it has been approved by the SASAC and completed the first grant registration. In addition to Orient International Enterprise Ltd(600278) , Shanghai Baosteel Packaging Co.Ltd(601968) , Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) and others have also issued equity incentive plans in 2022. Experts say that more state-owned enterprises will join the army of equity incentive in the future.
