A shares are now “bottom-up” holdings!
According to the announcement of Saturday Co.Ltd(002291) 427, which is called “the first share of women’s shoes” by investors, based on the confidence in the future sustainable development prospect of the company and the recognition of the long-term investment value of the company’s shares, the actual controller Zhang Zemin and chairman Xie Rudong proposed to encourage all employees of the company, its wholly-owned subsidiaries and subordinate holding companies to actively buy the company’s shares on the premise of voluntariness and compliance. Zhang Zemin and Xie Rudong promise that all employees who net buy Saturday Co.Ltd(002291) shares during the period from April 28, 2022 to May 6, 2022 and continuously hold the company’s shares for more than 12 months will be fully compensated by Zhang Zemin and Xie Rudong for the losses caused by buying the company’s shares during the above-mentioned period; If the income is generated, all the income belongs to the employee.
Since April, Saturday Co.Ltd(002291) share price has fluctuated sharply, with a cumulative decline of 34.24%. As of the closing on April 27, the share price was reported at 11.79 yuan / share, with a market value of 10.7 billion yuan.
employees can purchase the company’s shares
The announcement shows that the initiative of Zhang Zemin, the actual controller of the company, and Xie Rudong, the chairman of the company, is based on their judgment on the investment value of the company and their confidence in the future operation and development of the enterprise. This initiative is not linked to the company’s performance. Employees buy the company’s shares independently in the secondary market according to the market price. The proposed company does not need accounting treatment, nor does it belong to “share based payment”.
Prior to this, the company issued a plan to buy back shares by centralized bidding on April 12. The company plans to use its own funds to buy back the company’s shares by centralized bidding. The planned repurchase amount is 150 million yuan to 300 million yuan, and the repurchase price is no more than 25 yuan / share (inclusive). It is planned to be used to implement the equity incentive plan or employee stock ownership plan. The share repurchase plan needs to be submitted to the general meeting of shareholders of the company for deliberation and approval, and there is a risk that the general meeting of shareholders will not pass the deliberation.
As of December 31, 2021, the total number of employees of the company, its wholly-owned subsidiaries and subordinate holding companies was 1480. The capital source for the company’s employees to increase their holdings of the company’s shares this time is the employees’ own funds. The purchase of shares by employees during the proposed increase shall be based on the principle of employees’ willingness, and the ownership and voting rights of the purchased shares shall be owned by the purchasing employees. Employees can sell their increased shares freely according to the market conditions, and are not affected and controlled by Zhang Zemin and Xie Rudong.
Zhang Zemin and Xie Rudong will fully compensate the employees for the losses caused by increasing their holdings of the company’s shares in cash. Zhang Zemin and Xie Rudong will each bear 50% of the actual losses. The source of funds is their own funds, and there is no limit on the maximum amount of compensation. If the difference between the closing price of the stock held by Zhang Zemin and the effective closing price of the stock held by Zhang Zemin on May 2025 is still lower than the average net increase price of the stock held by Zhang Zemin on May 2025. If the company has a major event, such as suspension, which makes the shares unable to be traded, the relevant date shall be postponed accordingly.
the company expects the net profit in the first quarter to increase significantly year-on-year
According to the performance express of 2021 released by Saturday Co.Ltd(002291) , the total operating revenue of the company in 2021 was about 2.814 billion yuan, with a year-on-year increase of 30.81%, and the net profit attributable to the shareholders of the listed company was about 704 million yuan, with a profit of 242978 million yuan in the same period of last year.
The company’s overall business performance was greatly affected by the repeated changes in shoe consumption during the reporting period, which caused a great impact on the company’s business performance in 2021, especially due to the weakness of shoe consumption during the reporting period. Affected by the decrease of selling price and the increase of discount expense rate, the average selling price used to calculate the net realizable value of inventory decreased compared with the previous year, resulting in the provision for bad debts and inventory falling price of about 315 million yuan in the whole year. In addition, according to the preliminary calculation of the company’s financial department and evaluation agency, it is expected that the future profitability of the asset group portfolio of fashion Fengxun and Beijing Shixin will decline. Therefore, the company plans to withdraw the impairment of goodwill of 361 million yuan generated by the acquisition of the above asset group portfolio in 2017, and the impairment of goodwill in the current period is about 207 million yuan.
Saturday Co.Ltd(002291) 2022 first quarter performance forecast shows that in the first quarter of 2022, the company is expected to realize a net profit attributable to shareholders of listed companies of 80 million yuan to 120 million yuan, with a year-on-year increase of 752.71% to 117906%. During the reporting period. The epidemic has a great impact on the company’s shoe business, especially offline channels, making the business still suffer a certain degree of operating loss, but the loss has narrowed significantly year-on-year.
In terms of the company’s Internet marketing business, since March, the relevant social e-commerce service business has been dragged down by the spread of the epidemic and the difficulties in express receipt and delivery, which has had a great impact on the normal and orderly development of the company’s business. However, the company still achieved a large year-on-year growth of the business, the relevant live e-commerce achieved a year-on-year growth of about 60% in Gmv, and the profit scale of the company’s Internet marketing business has achieved a large growth. In addition, in order to attract and retain excellent talents, the amortization expense corresponding to the equity incentive plan implemented in 2021 in the first quarter is about 19 million yuan, which also has a certain impact on the company’s operating performance.
