ESTUN AUTOMATION(SZ:002747) Zheng Quan Zhi Xing·2025-08-07 10:14Core Viewpoint - Nanjing Estun Automation Co., Ltd. has completed the stock option grant registration for its 2025 stock option and restricted stock incentive plan, granting 3.32 million stock options to 128 eligible participants, with the registration date being August 8, 2025 [1][3][6]. Summary by Sections Approval Process - The incentive plan has undergone the necessary approval procedures as per the regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [1][2]. - The list of incentive participants was publicly disclosed from June 5 to June 14, 2025, with no objections received during this period [2]. Stock Option Grant Registration - A total of 3.32 million stock options were granted, representing 0.38% of the company's total share capital [3]. - The options have a maximum validity period of 48 months from the grant date [3]. Exercise Arrangement - The stock options are divided into three exercise periods: - First exercise period: 30% can be exercised after 12 months from the grant date [4]. - Second exercise period: 30% can be exercised after 24 months [4]. - Third exercise period: 40% can be exercised after 36 months [4]. Performance Assessment Criteria - The performance assessment for the incentive plan includes company-level targets for the fiscal years 2025 to 2027, with specific revenue growth and net profit targets set for each exercise period [4][5]. - The targets include a cumulative revenue growth rate of 15% for 2025, with a trigger value of 12%, and a net profit target of 1 billion yuan [4][5]. Differences from Initial Plan - The number of incentive participants was adjusted from 135 to 128 due to the departure or withdrawal of 7 individuals, and the total stock options granted were reduced from 3.5 million to 3.32 million [6]. Financial Impact - The stock option plan will impact the company's financial statements, with costs being amortized over the vesting period based on the fair value of the options granted [7][8]. - The estimated cost of the stock option plan is expected to affect net profits during its effective period, but the positive impact on company performance is anticipated to outweigh the costs [8].