YONGTAI TECH.(SZ:002326) Quan Jing Wang·2025-08-08 11:38Core Viewpoint - Zhejiang Yongtai Technology Co., Ltd. announced the achievement of the first unlock condition for its 2024 restricted stock incentive plan, allowing 4,454,841 shares to be listed for trading on August 12, 2025, representing 0.48% of the company's total share capital [1] Group 1: Company Overview - Yongtai Technology focuses on fluorine technology, driven by technological innovation and smart manufacturing, and operates in the fields of fluorine pharmaceuticals, plant protection, and new energy materials [1] - The company has a vertically integrated industrial chain, a flexible comprehensive production platform, and a specialized R&D innovation team [1] - Yongtai Technology provides customized R&D, production, and technical services to domestic and international clients, and leverages its subsidiary Shanghai Nonghui's trading platform for global sales of plant protection products [1] Group 2: Product and Market Position - The company's fluorinated liquid products cover both phase-change immersion cooling and single-phase immersion cooling applications, featuring environmental friendliness, energy efficiency, safety, and noise reduction [1] - The electronic fluorinated liquids produced by the company do not contain "forever chemicals" PFOS and PFOA, and exhibit high heat dissipation efficiency, insulation, thermal stability, and chemical stability [1] - The core competitiveness of the fluorinated liquid products lies in the long-term accumulation of production experience, enabling a full range of products to meet diverse application needs in semiconductor production, immersion data center cooling, and energy storage battery thermal management [2] Group 3: Incentive Plan and Performance - The restricted stock incentive plan initiated in June 2024 aimed to grant 12,310,000 shares to 321 incentive targets, later adjusted to 302 targets and 11,640,000 shares due to voluntary forfeitures [3] - The first lock-up period lasted 12 months, with the unlock conditions met as the company's 2024 revenue reached 4.589 billion yuan, slightly below the target but above the trigger value [3] - All 298 incentive targets passed personal assessments, fulfilling the conditions for unlocking the shares, which promotes management and core employee efforts to achieve performance goals [3] Group 4: Future Outlook - The unlocking of shares marks the successful completion of the first phase of the stock incentive plan, reflecting the company's commitment to performance and strengthening the alignment of interests between the core team and the company [4] - Future releases of remaining restricted shares will depend on subsequent unlock conditions, and the company will observe the effects of the incentives to potentially adjust strategies for sustainable development [4]