Henan Zhongfu Industrial (SH:600595) Zheng Quan Zhi Xing·2025-05-15 11:25Core Viewpoint - The company announced the repurchase and cancellation of 1.525 million shares of restricted stock due to the failure to meet performance targets set in the 2022 stock incentive plan [1][9][12] Summary by Sections Incentive Plan Overview - The 2022 stock incentive plan was approved by the board on April 28, 2022, and included performance assessment methods [1][2] - The plan's performance assessment period spans from 2022 to 2024, with specific net profit growth targets for each year [9][10] Performance Assessment Results - For the year 2024, the company's net profit attributable to shareholders was 703.69 million yuan, which, after excluding stock payment expenses, resulted in a net profit of 723.18 million yuan [10] - The net profit growth rate for 2024 was only 10.24%, failing to meet the required growth rate of at least 50% based on 2021's net profit [10] Repurchase and Cancellation Details - The company plans to repurchase and cancel all restricted stocks held by 37 incentive recipients, totaling 1.525 million shares, at a price not exceeding 1.71 yuan per share plus the benchmark interest rate [9][11] - The total share capital will decrease from 4,009,430,114 shares to 4,007,905,114 shares following the cancellation [11] Impact on Company Performance - The repurchase and cancellation of the restricted stocks are not expected to have a significant impact on the company's operational performance or management diligence [11][12] Approval and Compliance - The board and supervisory committee have reviewed and approved the repurchase and cancellation, confirming compliance with relevant regulations and ensuring no harm to the company's or shareholders' interests [12][14]