年内41家上市公司终止股权激励 业绩未达标、股价变化成主因

Group 1 - A total of 41 A-share listed companies have announced the termination of their equity incentive plans as of September 13, primarily due to unmet performance targets, changes in internal and external environments, and significant stock price fluctuations [1][2] - Among the terminated plans, 5 were not approved by the shareholders' meeting, with low grant prices and performance assessment indicators being key reasons for disapproval [1][2] - Despite the terminations, many companies are still planning subsequent incentive schemes, indicating that the enthusiasm for equity incentives remains high [1][3] Group 2 - The main reason for the voluntary termination of equity incentive plans by 36 companies is unmet performance targets, with specific examples including Liujin Technology and Huicheng Technology [2] - Some companies, such as Lianhuan Pharmaceutical, terminated their plans due to changes in the external environment that made previously set targets unrealistic [2] - Companies like Aikang Technology decided to terminate their plans due to significant stock price declines, with a reported drop of nearly 45% from the average price before the announcement [2][3] Group 3 - As of September 13, 481 listed companies have announced equity incentive proposals this year, with 382 already implemented and 35 approved by shareholders [3] - The effectiveness of equity incentives is linked to their alignment with the company's and industry's actual conditions, emphasizing the need for realistic performance targets [3] - Equity incentives can serve as a "touchstone" for a company's development, with successful execution indicating greater trustworthiness in the company's growth [3]