Huaqin Technology (SH:603296) Ge Long Hui·2025-09-23 08:11Core Viewpoint - The recent stock market performance has led to several listed companies, including Huqin Technology, announcing share reduction plans, which has drawn market attention. The stability of Huqin Technology's stock price during the reduction period reflects market recognition of its governance structure [1] Group 1: Share Reduction Plan - Huqin Technology announced the termination of its share reduction plan, with five employee shareholding platforms completing the reduction, accounting for 3.83% of the total share capital [1] - The share reduction was executed through centralized bidding and block trading, indicating a structured approach to the process [1] Group 2: Employee Incentive Mechanism - The share reduction involved core employees who received original stock incentives before the company's IPO, with 296 employees participating, and board members and executives accounting for less than 20% of the total shares reduced [2] - The company emphasizes that talent is the core driving force for development and has established employee shareholding platforms to align employee interests with long-term company growth [2][3] - The reduction is seen as a realization of the employee incentive plan, enhancing employee loyalty and engagement with the company [2] Group 3: Corporate Governance and Market Perception - Changes in employee shareholding are viewed as a normal part of the equity incentive system, which requires a closed loop of "input-contribution-return" to maintain effectiveness [3] - The stable stock price during the share reduction period, along with a slight increase, indicates a shift in investor sentiment towards a more rational approach, focusing on long-term value rather than viewing shareholding changes as negative signals [4] Group 4: Future Development Strategy - Looking ahead, the company plans to continue prioritizing talent development and optimizing incentive mechanisms to provide broader growth opportunities for employees [5] - The company is committed to maintaining a clear strategic direction and believes that long-term stock price performance will depend on its fundamentals and operational stability [5]