Mengjie Home Textiles will launch equity incentives

Recently, Mengjie Home Textiles (002397) announced the first equity incentive case (draft) after listing. It is planned to grant 137 core management, business and technical personnel including directors Tu Yunhua a total of 8.9 million stock options, accounting for 5.89% of the company’s total share capital. . Among them, 8.03 million stock options were granted for the first time, and 870,000 stock options were reserved.

It is understood that Mengjie Home Textiles' incentive plan is valid for 5 years and is divided into four equal rights. The exercise conditions are: Based on 2012 net profit, the growth rate of net profit attributable to shareholders of listed companies from 2013 to 2016 will be no less than 55%, 85%, 115% and 145% respectively; at the same time, the return on net assets will be met in 2013. The rate is not less than 7%, and the return on net assets from 2014 to 2016 is not less than 8%. According to statistics, after the publication of the 2013 semi-annual report of Mengjie Home Textiles, the average EPS forecast of Mengjie Home Textiles for 2013 to 2015 was 0.44 yuan, 0.52 yuan and 0.63 yuan respectively; according to Mengjie Home Textiles, this stock options The conditions set for the exercise of rights, the minimum earnings per share for the next three years must reach 0.59 yuan, 0.71 yuan and 0.82 yuan, exceeding the brokerage forecast of more than 30%.

“Our plan to launch the program should first ensure enforceability. Personally think that the current exercise conditions are in line with the company’s actual development situation.” Li Jun, director and deputy general manager of Mengjie Home Textiles, bluntly stated that the main role of equity incentives is to motivate core employees to continue their efforts. At the same time, to obtain a certain amount of reasonable returns and grow with the company, if the exercise of the conditions is too high and unable to exercise the rights, the equity incentive will lose its significance. "We are sure about this," said Li Jun.