Tianci Materials 1.1 % off equity incentive caused controversy, and the company responded to "compensation" and caused questioning

On the evening of August 8th, the equity incentive plan disclosed by Tianci Materials (002709.SZ) caused controversy. Among them, the grant price was 6 yuan/share, but the current stock price is 54.02 yuan/share, which is equivalent to 1.1 % off.

The staff of the Tianci Materials Securities Department responded that the grant price of the equity incentive plan last year was higher. Later, the company's stock price fell and affected the incentive effect last year. The price of the incentive plan this year was adjusted to 6 yuan/share, because of the compensation nature.

In addition, the Red Star Capital Bureau noticed that in this plan, the company's performance assessment requires that the net profit of this year is not less than 3.8 billion, but the heavenly gift materials have previously predicted that the net profit of the first half of this year was 2.8-3 billion. Called incentive? "

↑ The company's performance assessment form

The grant price is only 11% of the company's current stock price

On the evening of August 8, Tianci Materials announced the 2022 restricted equity incentive plan (draft). The company intends to grant 572 incentive objects including the company's directors, executives, middle management personnel, and core technology (business) personnel to award 5.51 million shares at one time, accounting for about 0.2863%of the company's total share capital.

Among them, four directors such as Xu Sanshan received 96,000 shares, while 568 people including middle -level managers and core technology (business) personnel received 5.1261 million shares, with an average of about 9,000 shares per person.

The Red Star Capital Bureau noticed that in the equity incentive plan, the grant price was 6 yuan/share. At present, the stock price of Tianci materials is 54.02 yuan/share, and the grant price is only 11%, which is equivalent to 1.1%off.

In this regard, some netizens commented, "No matter how motivated it is, it will not be 6 yuan, at least 26 yuan."

Tianci materials said that according to the granting price, the incentive object does not need to pay too high incentives, alleviating the capital pressure of the incentive object, and avoiding a great impact on the economic situation of the incentive object due to participation in the equity incentive plan; in addition, it can match the overall employee as a whole The level of income, further enhance the confidence of the company's employees, and establish an effective normalized equity incentive system.

↑ The data chart is based on IC Photo

The annual assessment target net profit was 3.8 billion, and the net profit was predicted by 3 billion in the first half of the year

Tianci Materials said that the company launched the 2021 stock options and restricted stock incentives in October last year, but the negative affected by stock price fluctuations did not achieve the expected incentive effect.

The staff of the Tianci Materials Securities Department also told the Red Star Capital Bureau that the grant price of the equity incentive plan last year was higher. Later, the company's stock price fell, which affected the incentive effect of the relevant plans last year. It is to motivate the effect better, because of compensation.

The Red Star Capital Bureau noticed that the limited stock incentive plan in 2021 was held for the first time on December 13, 2021, and the grant price was 75.38 yuan/share; the reserved award was conducted on August 8, 2022, with a grant price of 26.20 Yuan/share.

In terms of stock price, since October 2021, Tianci Materials's stock price has generally declined. On October 28 last year, the stock price was as high as 170.51 yuan/share, and then declined. On May 31 this year, the stock price was as low as 36.26 yuan/share. As of press time, the stock price was reported at 54.02 yuan/share, with a total market value of 104 billion.

It is worth noting that this year's equity incentive plan is about the company's performance assessment section, the annual lifting of the limited sales assessment is 2022-2024 three accounting years, and based on net profit as the assessment indicator. The net profit in 2022 is not less than 3.8 billion yuan. ; The net profit in 2023 is not less than 4.8 billion yuan; the net profit in 2024 is not less than 5.8 billion yuan.

However, according to the performance forecast of the first half of the 2022, during the reporting period, the company is expected to belong to the shareholders of listed companies' shareholders of 2.8 billion to 3 billion, and the non-net profit deduction is 2.779 billion to 298 million.

Some netizens questioned, "In the first half of the year, it was expected to make a profit of 2.8 billion to 3. billion, and the incentive target was 3.8 billion throughout the year.

The aforementioned staff of the Securities Department said that this is a decision made by the company's senior management, and we will give up the opinions of investors upward in time.

According to the 2021 report of Tianci Materials, during the reporting period, the company's revenue was 11.09 billion, a year -on -year increase of 169.26%; net profit was 2.2 billion, a year -on -year increase of 314.42%.

Red Star News reporter Yu Yao Intern Reporter Tang Jian

Editor Wang He Edited Deng Yiguang

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