Core Viewpoint - Guangdong Boying Special Welding Technology Co., Ltd. has announced a restricted stock incentive plan for 2025, aiming to grant 595,800 shares to 16 core executives and technical staff, reflecting management's confidence in sustained future performance [1] Group 1: Incentive Plan Details - The incentive plan involves granting restricted stock at a price of 11.96 yuan per share, approximately 50% lower than the average trading price of 23.91 yuan prior to the announcement [1] - The plan sets ambitious performance targets, including a revenue growth rate of no less than 10% in 2025, 40% in 2026, and 80% in 2027, based on a 2024 revenue of 460 million yuan [1] Group 2: Management's Confidence Factors - The management's confidence in achieving the incentive targets is based on three main factors: 1. Continuous recovery in industry demand, benefiting from manufacturing upgrades and overseas market expansion, with 2024 revenue showing signs of recovery [2] 2. Successful international expansion, with overseas revenue accounting for approximately 55% of total revenue, particularly from the Vietnam production base [2] 3. Improved cost control leading to a 55.63% year-on-year increase in operating cash flow in 2024, linking individual performance assessments to operational efficiency [2] Group 3: Market Actions and Analyst Insights - The company has been active in the secondary market, completing a share buyback of 41.69 million yuan at an average price of 22.06 yuan per share, which is higher than the current incentive price [2] - The 2024 dividend plan proposes a payout of 0.26 yuan per share, with a nearly 50% payout ratio, demonstrating commitment to shareholder returns [2] - Analysts note that the average annual compound growth rate target of 21.6% significantly exceeds the industry average, suggesting that successful achievement could substantially enhance the company's valuation [2]
博盈特焊拟推2025年限制性股票激励计划 管理层对未来业绩增长信心十足