Zhuzhou Kibing (SH:601636) Zheng Quan Zhi Xing·2025-05-14 11:20Core Viewpoint - The company’s partner shareholding plan failed to meet the long-term development goals set for 2022-2024, resulting in a total of 0 shares being allocated to the partners under this plan [1][3][4] Summary by Sections Company Background - The company established a long-term development strategy for 2019-2024, focusing on high-quality growth and market expansion through a partner shareholding plan initiated in September 2019 [2] Performance Assessment - The company conducted a comprehensive assessment of the partner shareholding plan's long-term goals for 2022-2024, concluding that the set targets were not achieved, leading to a total of 0 shares being allocated [3][4] - The financial performance indicators for 2024 included a revenue target of a compound annual growth rate (CAGR) of at least 10%, which was met with a 12.69% CAGR, while the return on equity (ROE) fell short, ranking only at the 60th percentile compared to industry peers [4][5] Impact on Financials - The failure to meet the long-term goals will not significantly impact the company's management or daily operations, and it will not harm the interests of the company or its shareholders [1][7] - The previously recognized share-based payment expenses will be reversed, positively affecting the company's profits for 2025, with the exact impact to be determined by the final audit [7][8] Future Outlook - The company plans to enhance its incentive mechanisms and optimize its target management system to stimulate team vitality and focus on core business development [7][8]