\u3000\u3000 Shanghai Guao Electronic Technology Co.Ltd(300551) (300551)
Event: the company issued the 2022 restricted stock incentive plan (Draft). The equity incentive plan lays the foundation for performance reversal. The incentive plan plans to grant 18 million restricted shares to the incentive objects, accounting for 5.92% of the total share capital of 304047000 shares on the announcement date of the draft incentive plan. The grant price of some restricted shares granted by the incentive plan for the first time is 19.31 yuan / share. The assessment condition of equity incentive is that the income from 2022 to 2024 will not be less than 600 / 790 / 1068 million yuan.
Dongfang Gaosheng is an important step in transforming the company into a financial software platform provider. Established in 1998, Beijing Donggao (Beijing Dongfang Gaosheng Investment Consulting Co., Ltd.) is a leading comprehensive securities information service provider in China. It is committed to creating a new securities information service model of "platform + expert + scenario", driven by financial technology and investment research ability, and realizing the digitization of operation management with investment research middle platform system, teaching system and multi scenario support system, Enable experts, investment advisers and service personnel in the field of securities investment.
Digital RMB business is expected to become a large-scale growth point of the company. The company has designed and developed a split teller teller machine. The cashier machine is a cash circulation teller cashier machine tailored according to the current situation of Bank Of China Limited(601988) . The equipment can support soft and Hard Wallet recharge and withdrawal. In terms of digital RMB Hard Wallet, the company is participating in the pilot of digital RMB Hard Wallet products of some banks. Considering that the process of digital RMB landing is accelerating, digital RMB business is expected to become a large-scale growth point of the company.
Investment suggestion: the general manager of the company announced to increase his shareholding in the company, demonstrating his confidence in the future development of the company. At the same time, we are optimistic about the company's potential digital currency business. As the company has newly released the equity incentive plan, we correspondingly raised the company's EPS for 21-23 years to 0.11 yuan, 0.39 yuan and 0.61 yuan, giving a buy rating.
Risk tip: the landing of digital currency is not as expected; Industry competition intensifies
