Baoding Technology(SZ:002552) Zheng Quan Zhi Xing·2025-07-11 16:25Core Viewpoint - The announcement details the completion of the share repurchase and cancellation process related to performance commitment compensation, affecting the shareholding structure of Baoding Technology Co., Ltd. [1][2] Group 1: Share Repurchase and Cancellation - The company repurchased and canceled a total of 20,556,708 shares, reducing the total share capital from 408,542,039 shares to 387,985,331 shares [1][5][9] - The repurchase was executed at a total price of RMB 1.00, with the shares coming from two shareholders: Shandong Zhaojin Group Co., Ltd. and Zhaoyuan Yongyu Electronic Materials Co., Ltd. [5][8] Group 2: Performance Commitment and Compensation - The performance commitment agreement required the target company, Jinbao Electronics, to achieve specific net profit targets over three years, with total commitments of at least RMB 61,104.76 million [2][6] - The actual net profits achieved were significantly below the commitments, with a completion rate of only 33.80% over the three years [6] Group 3: Shareholding Structure Changes - Following the repurchase, the shareholding ratios of major shareholders changed, with Shandong Jindu State Capital Investment Group's stake increasing from 37.10% to 38.02%, and Zhubao Song's stake increasing from 21.61% to 22.76% [1][9] - The shareholding of Yongyu Electronic decreased from 8.83% to 5.04%, triggering a change that touches on the 1% integer multiple [1][9] Group 4: Financial Impact - The basic earnings per share increased from RMB 0.5898 to RMB 0.6382 following the share repurchase [9]