Ningde Times in 2022 Equity incentives: Employees are expected to buy stocks 50 % off. The assessment revenue in 2022 is not less than 230 billion yuan

On July 21, the Ningde Times (SZ300750, a stock price of 521 yuan, and a market value of 1271.6 billion yuan) issued an announcement stating that its plan to grant a total of 51.34064 million/10,000 shares to the shares of the incentive object, and the amount of amortization was about 850 million yuan.

"Daily Economic News" reporter noticed that the equity incentive of Ningde Times covered 4,688 employees, which was slightly increased compared to the previous year's coverage. Last year, it was reduced.

In addition, the equity incentive announcement traced back to the Ningde era can find that from 2018 to 2021, the Ningde Times exceeded the assessment goals of the year.

2022 assessment target revenue is not less than 230 billion yuan

A total of 4688 incentive objects were granted by the incentive plan of this Ningde era, including directors, senior managers, middle management personnel, and core backbone employees.

In response to the purpose of the incentive plan, Ningde Times said: "In order to further improve the corporate legal person governance structure, establish and improve the company's long -term incentive constraint mechanism, attract and retain outstanding talents, fully mobilize their enthusiasm and creativity, effectively improve the cohesion of core teams and enterprises Core competitiveness, effectively combining the interests of shareholders, companies, and core teams to enable all parties to pay attention to the company's long -term development and ensure the realization of the company's development strategy and business goals. "

The incentive plan contains two parts, namely stock options and restricted stocks. In the Ningde Times, it was planned to award 1.962764 million stock options and Restricted stocks of 3.1713 million shares.

Photo source: Screenshot of Ningde Times Announcement

Stock options were awarded to directors, general managers, deputy general managers, and middle -level managers. Among them, the directors and manager JIAZHOU received approximately 260,000 options.

The above -mentioned stock option price is 526.46 yuan per copy. Compared with last year, this year's stock options in Ningde Times have decreased compared with last year. Last year, it was 612.08 yuan per copy.

The assessment goals of the five-phase exercise of the stock options incentives in Ningde Times are: 2022 operating income value of not less than 230 billion yuan; the cumulative operating income value of 2022-2023 is not less than 510 billion yuan; 2022-2024 2024 The cumulative operating income value of three years is not less than 850 billion yuan; the cumulative operating income value of four years from 2022-2025 is not less than 1260 billion yuan; the cumulative operating income value of five years from 2022-2026 is not less than 1750 billion yuan.

Restricted stocks were awarded to directors, executives, middle managers, and core backbone employees. Its performance assessment goals are the same as the performance assessment goals of stock options.

The grant price for the first grant of restricted stocks in the Ningde Times incentive plan is 263.23 yuan per share, that is, after meeting the grant conditions and belonging conditions, the incentive object can be purchased at a price of 263.23 yuan per share. The average stock price of the first and first 60 trading days of the draft announcement was calculated at a height of 50%. Similarly, the grant price has also declined compared with last year. Last year, the grant price was 306.04 yuan per share.

Photo source: Screenshot of Ningde Times Announcement

In addition, the above -mentioned equity incentive plans will lead to about 850 million yuan, which will be amortized from 2022 to 2027, of which the amortization volume will be the largest, about 360 million yuan.

The completion rate of equity incentive assessment goals over the years has been 100%or more

It is worth noting that since 2018, the Ningde Times has launched equity incentives every year. After sorting out the draft released by Ningde era over the years, the reporter found that with the continuous rise of the stock price of Ningde Times, although the number of incentives was declining, the cost of amortization was increasing.

Data source: Announcement of Ningde Times, reporter drawing

In 2018, the equity incentive of Ningde Times was awarded 30.8353 million restricted stocks, and by 2021, the equity incentive content of Ningde Times was awarded 2.94 million stock options and 2.22 million restricted stocks. However, the total expenses for amortization in 2018 are about 400 million yuan, and about 830 million yuan in 2021.

Data source: Announcement of Ningde Times, reporter drawing

Another trend is that the number of equity incentive plans in Ningde Times covered the number of people. In 2018, the number of equity incentives of Ningde Times covered 1,776 employees, and reached 4,483 in 2021.

Data source: Announcement of Ningde Times, reporter drawing

It is worth noting that in the announcement of the draft equity incentives, you can check the assessment goals formulated in the Ningde Times, including the draft assessment goals for the draft. An obvious fact is that from 2018 to 2021, the Ningde Times has completed the assessment goals of the year for four consecutive years.

From 2018 to 2021, the assessment targets of operating income in the Ningde Times of the Ningde Times were 22 billion yuan, 32 billion yuan, 40 billion yuan, and 105 billion yuan in the draft. 45.788 billion yuan, 50.319 billion yuan and 130.356 billion yuan, all exceeded the assessment goals set in the draft equity incentives.

In response to the target of 230 billion yuan in operating income in 2022, Ningde Times said: "The assessment indicators set by this plan are challenging, helping to improve the company's competitiveness and mobilize employees' enthusiasm, ensure that the company's future development strategy and the future development strategy and the company's future development strategy andThe realization of business goals will bring more efficient and lasting returns to shareholders. "Daily Economic News

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