Chongqing Qin’An M&E Plc(603758) 3 March 3 launched the 2022 equity incentive plan, which plans to grant 8490274 million stock options to 118 core personnel including directors and senior executives, accounting for about 1.93% of the total share capital of the company. The exercise price is 8 yuan / share, and the stock source is the shares of the company repurchased according to law. The main performance unlocking condition is that the net profit after deducting non profits in the consolidated statements in 2022 and 2023 is not less than 200 million yuan and 220 million yuan respectively.
As of the closing on March 3, Chongqing Qin’An M&E Plc(603758) share price was 7.99 yuan / share. According to the performance forecast of 2021 released by the company, the net profit attributable to the parent company is expected to reach 100 million yuan to 120 million yuan last year, a year-on-year decrease of 63.06% to 69.21%; The net profit attributable to the parent company after deduction was 160 million yuan to 180 million yuan, with a year-on-year increase of 128.72% to 157.31%. The company said that the performance change was mainly due to the growth of main business and the decrease of non recurring profit and loss events such as investment income, profit and loss from changes in fair value and government subsidies.
The company said that the purpose of launching the above equity incentive plan is to further improve its corporate governance structure, promote the establishment and improvement of incentive and restraint mechanism, fully mobilize the enthusiasm, sense of responsibility and sense of mission of the company’s personnel, effectively combine the interests of shareholders, the company and the personal interests of managers, and jointly pay attention to the long-term development of the company, And work together for it.
In this regard, Niu Yang, an analyst at Hualong securities, believes that since non economic factors such as futures investment income and government subsidies in the previous two years have a great impact on Chongqing Qin’An M&E Plc(603758) performance, the assessment goal of the equity incentive plan is the net profit after deducting non recurring profits and losses, indicating the company’s determination and confidence to return to the main auto parts manufacturing industry and actively promote the new energy strategy.
