God-given materials push restricted stock incentive plan
On August 8th, Tianci Materials disclosed the restricted stock incentive plan for 2022, and it is planned to grant 55 1.0 1 10,000 shares of restricted stock to 572 incentive targets, with 6 yuan per share. Annual performance appraisal target: 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.
The incentive targets to be awarded in this incentive plan include the directors, senior managers, middle managers and core technical (business) personnel who are in the company at the time of the announcement of this incentive plan.
The validity period of the incentive plan shall be no longer than 48 months from the date of registration of restricted shares to the date when all the restricted shares granted to the incentive object are lifted or the repurchase cancellation is completed.
Tianci said that the company's current cash flow is stable and its financial position is good, and the expenses incurred in repurchasing shares due to the implementation of this incentive plan will not adversely affect the company's daily operations.
Set performance appraisal indicators at the company level, and the net profit in 2022 will not be less than 3.8 billion yuan.
The appraisal indicators of this restricted stock incentive plan are divided into three levels, namely, performance appraisal at the company level, performance appraisal at the department level and performance appraisal at the individual level.
The performance evaluation index at the company level is the net profit index, which reflects the company's operating conditions and enterprise growth. According to the God-given materials, the assessment year for lifting the restriction on sales of this incentive plan is three fiscal years from 2022 to 2024, and it is assessed once in each fiscal year: 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.
In addition to the performance appraisal at the company level, a strict performance appraisal system has been set up for departments and individuals, which can make a more accurate and comprehensive comprehensive evaluation of the work performance of the motivators. According to the performance evaluation results of the incentive object in the previous year, the company will determine whether the individual incentive object meets the conditions for lifting the sales restriction.
The company's performance forecast shows that the first half of 2022 is expected to achieve a net profit of about 2.8 billion yuan to 3 billion yuan. In 20021and 2020, Tianci Materials realized a net profit of 2.307 billion yuan and 500 million yuan respectively.
The fracture price is questioned.
But for the grant price of 6 yuan/share, many investors said that the grant price was too low! Just give it away for nothing.
Up to now, the share price of Tianci Materials is 52.33 yuan/share, with a total market value of 654.38+0007 billion yuan. Compared with the current share price, the grant price of 6 yuan/share is equivalent to a discount of 1. 1.
However, regarding the incentive price, Tianci Materials responded that, on the one hand, the incentive object does not have to pay excessive incentive consideration, which reduces the financial pressure of the incentive object and avoids the great impact on the economic situation of the incentive object due to participation in the equity incentive plan. On the other hand, it can match the overall income level of employees, play a good incentive role, ensure the enforceability of the incentive plan, further enhance the confidence of employees and fully mobilize the enthusiasm of employees, so as to maintain and strengthen the advantages of lean management of the company and establish an effective normalized equity incentive system.
The number of restricted shares to be awarded to the incentive object in this incentive plan is 5,565,438+0.065,438+0,000 shares, accounting for about 0.2863% of the company's total share capital at the time of announcement of this draft incentive plan. The number of shares granted to each incentive object is relatively small, which matches the salary level, job responsibilities and contribution to the company of each incentive object, and there is no over-incentive.
According to God-given materials, the implementation of this incentive plan will enhance the enthusiasm and sense of responsibility of the incentive targets, promote the close binding and effective unification of the interests of the company, employees and shareholders, further enhance the core competitiveness and promote the healthy and sustainable development of the company.
As of August 4, the total number of shareholders of Tianci Materials is about198,000.
More than 200 well-known institutions gathered for investigation.
It is reported that Tianci Materials is one of the major manufacturers of lithium-ion battery materials and functional materials for personal care products in China. Its main business is the research and development, production and sales of new materials for fine chemicals, which belongs to the fine chemicals industry. Its main products are lithium-ion battery materials, daily chemical materials and special chemicals.
Although the share price performance of Tianci Materials has been unsatisfactory since July, as the first brother of electrolyte, it has attracted more than 200 well-known institutions to participate in the company's research, including CICC, Huaxia Fund, E Fund and Gao Yi Assets.
Tianci Materials said in the survey that in the second quarter of 2022, due to the increasing demand of the new energy automobile industry, the sales and prices of the company's lithium-ion battery materials, electrolytes and cathode materials increased significantly year-on-year. At the same time, the company accelerated its production capacity with the help of industry development opportunities, and the company's industry consolidation layout strategy achieved remarkable results. With the continuous improvement of the self-production rate of raw materials, the overall profitability has been significantly improved. It is estimated that the net profit attributable to shareholders of listed companies in the first half of 2022 will range from 2.8 billion yuan to 3 billion yuan. On the whole, under the long-term electrolyte correlation, the company maintained a stable electrolyte gross profit level despite fluctuations in raw material prices, and with the heavy volume of new electrolyte LiFSI, the proportion of high-margin products of the company increased, and its profitability continued to be stable.
In addition, affected by the epidemic, the growth rate of downstream demand slowed down in the second quarter, but the industry as a whole still maintained a high degree of prosperity. The company believes that after the epidemic is stable, the downstream demand will still return to the normal high-speed development track. The company will seize the development opportunity, strive to do a good job in the pace of production capacity and research and development progress of new projects, maintain the company's core competitiveness and market share, and at the same time do a good job in compliance management to return investors with better performance.
CICC's research report said that the performance forecast of Tianci materials exceeded expectations. Although the production and sales of Q2 are affected by the epidemic and CFF has stabilized some price fluctuations, its profitability is still very strong. The company's profit of sulfur hexafluoride and electrolyte exceeded expectations, and its long-term competitiveness was outstanding.
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