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Changjiang Business Daily News ● Changjiang Business Reporter Cai Jia

The price of more than 60 yuan per share, then carry out stock incentives 1 yuan, Supor (002032.sz) stock incentive plan is suspected of transport .

According to the draft restriction stock incentive plan, this Supor will give 1109,500 shares to not more than 293 people, accounting for about 0.15% of the current total share capital. Incentive stocks originated from Supor’s share of company shares repurchased from the secondary market without more than 67.68 yuan / share, and the grant is only 1 yuan / share.

This means that after meeting the grant conditions, the 293 employees can use the price of 1 yuan / share purchase, the current market value of 760.655 million yuan, equivalent to \”second earning\” 74.86 million yuan.

Does Supor’s performance assessment conditions are high in such a low price? In fact, at the company’s assessment level, the assessment conditions are 105% of return from 2022, respectively in 2022, and 2023 net profit is not less than 105% of 2022.

This performance growth rate is much lower than that of the epidemic and the epidemic influence is gradually edited by the company’s performance growth. Previously, from 2013 to 2018, Supor was more than 10% in the seven-year-old net profit, mostly in more than 20%. In the first three quarters of this year, the company’s net profit of 1.241 billion yuan, a year-on-year increase of 14.82%.

On December 15th, the Shenzhen Exchange issued a concern to Supor, requiring the company to explain whether there is a situation in which interestloads are transported to the motivated object, as well as scientific and rationality of performance assessment indicators.

Nine months, new general manager, received 60,000 shares

In this restricted stock incentive plan, Supor will grant incentive objects at 1 yuan / share price. The excited employee is almost in \”send stocks\”.

The stock of this share plan comes from the Shares repurchased by Supor. The repurchase report disclosed on the same day shows that Supor intends to use its own funds to repurchase some of the social public shares to implement the equity incentive plan, and the highest price of buying shares does not exceed 67.68 yuan / share. The number of repurchases is 12.095 million shares. With this calculation, Supor will use the highest use of 81.859 million yuan.

According to the draft restriction stock incentive plan, this Supor will give 1109,500 shares to not more than 293 people, accounting for about 0.15% of the current total share capital.

The award price of this incentive plan restriction stock is 1 yuan / share, as of December 16, the Supor Secondary Market stock price is 62.89 yuan / share. This means that 293 motivated objects can be bought by 12.095 million yuan to buy the market value 7606.5510,000 yuan of company stocks, equivalent to \”second earning\” 74.86 million yuan.

This incentive plan covers a small coverage, as of 2020, Supor’s total employee is about 12,000, including 2039 employees in the post-job employees, 293 people who have worked shares account for approximately to the total number of employees of the company. 2.43%.

From the view of the object, in this incentive plan, Zhang Guohua, general manager of Supor, will receive 60,000 shares, accounting for 4.96% of the proportion of restricted shares. Xu Bo, deputy general manager and secretary of the company, were held 45,000 shares, 20,000 shares, accounting for 3.72%, 1.65% of the total award. In addition, other incentive objects have worked 1084,500 shares, accounting for 89.67%.

It is worth mentioning that the general manager of Zhang Guohua New Supor is only eight months. At the end of March this year, Supor’s original general manager Su Munrui applied for resignation due to personal reasons, and the company’s board of directors immediately appointed Zhang Guohua as the new general manager, Zhang Guohua also won the company’s equity incentive.

Since the award price is too low, the Supor’s incentive plan has been questioned.

On December 15th, the list of listed companies in Shenjiao issued a concern to Supor, requiring the company to indicate that this program is awarded the price of 1 yuan / share with no more than 67.68 yuan / share. The basis and rationality, 50% of the company’s stock transactions in the previous trading day without the draft of the equity incentive plan, the draft equity incentive plan announced the top 20 / 60/120 trading days of the company’s stock transactions 50% of the price in one of the price is a reason to grant the price; on this basis, it will illustrate whether there is a situation where the active object is delivered.

Assessment sets next year, the performance growth rate is only 5%

In general, the implementation of the incentive plan is to further improve the company’s legal governance structure, promote the establishment of the company, and improve the incentive constraint mechanism. Mobilize the enthusiasm of high-level management personnel and employees in the company, effectively combine the interests of shareholders, the interests, and the individual interests of operators, and realize the joint development of employees and the company.

But if the stock incentives are available in such a low price, whether the performance assessment conditions set by Supor is high?

The draft assessment of this restricted stock is divided into company-level and the performance assessment of the business unit. Among them, the annual assessment of the company’s performance is 2022 and 2023 years of accounting year. The net profit of the 20022 owner is not less than 105% in 2022, respectively, and the 20023 shareholder. Net profit is not less than 105% of 2022.

The Changjiang Business Daily reported that the influence of epidemic impact and the rise of raw material prices have slowed down last year.

Data display, before the epidemic, 2013By 2018, Supor has increased by more than 20% for six consecutive years. In 2019, the company’s net profit growth rate has reached 14.97%.

In the first three quarters of 2020 and 2021, Supor achieved operating income to 18.597 billion yuan, 15.65 billion yuan, a year-on-year change – 6.33%, 17.74%; net profit of 1.846 billion yuan, 1.241 billion yuan, coexistence coefficient 3.84%, 14.82%.

If compared with the epidemic, the company’s operating income and net profit increased by 5.16%, – 0.6% in the same period in 2019.

As a result of the performance assessment indicators set by Supor, the company’s net profit will increase by 5% year-on-year, 10.25%, which is lower than the epidemic in 2021 and 2023. Net profit growth rate.

In the concerns, the Shenzhen Exchange requires Supor to explain that this program sets the equity incentive performance assessment index to return to the net profit, which is not less than 5% year-on-year, and sets whether the single indicator is compliant. The company’s actual situation, as well as if this program can play an incentive role and contribute to promoting the promotion of the company’s competitiveness.

Furthermore, equity incentives also involves problems with cost processing. Supor expects the total cost of equity costs of 78.3151 million yuan, and the Shenzhen Institute requires the company to indicate whether the results of the performance assessment indicator return profit will remove the impact of this equity incentive cost.

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Editor: ZB

This article is from Changjiang Business Daily