SSET(SZ:300540) Zheng Quan Zhi Xing·2025-06-05 10:31Core Viewpoint - Sichuan Shudao Equipment Technology Co., Ltd. has completed the repurchase and cancellation of 1,405,200 restricted shares, which accounts for 0.8497% of the company's total share capital, due to unmet performance targets in the 2023 restricted stock incentive plan [1][5][6]. Group 1: Stock Repurchase and Cancellation - The company repurchased and canceled 1,405,200 restricted shares at a price of 9.59 yuan per share, totaling approximately 13.4759 million yuan [1][5]. - The repurchase involved 133 incentive objects whose performance targets were not met, with 122.76 million shares related to the initial grant and the remainder from reserved shares [5][6]. - Following the cancellation, the total number of shares will decrease from 165,375,993 to 163,970,793 [7][8]. Group 2: Performance Targets and Compliance - The performance targets for the 2023 incentive plan included a net profit of no less than 22 million yuan and a receivables turnover rate of at least 1.60 times for 2024 [5][6]. - The company achieved a receivables turnover rate of 1.87 times but did not meet the net profit target, leading to the cancellation of the restricted shares [6]. Group 3: Impact on Company Structure - The cancellation of shares will not change the controlling shareholder or actual controller of the company, and the share distribution remains compliant with listing requirements [8]. - The company aims to enhance its long-term incentive mechanisms to strengthen employee engagement and align their interests with the company's growth [8].