CHANGYU(SZ:000869) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-29 00:03Core Viewpoint - The company, Yantai Changyu Pioneer Wine Co., Ltd., has announced the repurchase and cancellation of 2,153,772 restricted shares due to unmet performance targets and changes in the status of incentive recipients [1][7][9]. Group 1: Repurchase Details - The repurchase involves 196 incentive recipients, with a total repurchase amount of 31.55 million yuan at a price of 14.65 yuan per share [1][14]. - Following the repurchase, the total number of shares will decrease from 671,823,900 to 669,670,128, and the registered capital will also reduce correspondingly [1][15]. Group 2: Performance Assessment - The performance assessment for the restricted shares was based on the company's net profit and revenue targets for the years 2023-2025, which were not met [7][8]. - The company reported a revenue of 3,277.28 million yuan and a net profit of 131.07 million yuan for 2024, indicating a decline compared to previous years [8]. Group 3: Changes in Incentive Recipients - The repurchase also includes shares from one recipient who left the company and 16 others who experienced changes in their job status, leading to their disqualification from the incentive plan [9][10]. - The total number of shares repurchased due to these changes amounts to 289,467 shares [10]. Group 4: Financial Impact - The repurchase will not have a substantial impact on the company's financial status or operational results, and the management team will continue to fulfill their responsibilities to create value for shareholders [15].