YanKershop(SZ:002847) Xin Lang Cai Jing·2025-12-18 04:38Group 1 - The company announced a new round of equity incentive plan on December 17, 2025, granting 3 million restricted stocks, accounting for 1.1% of the total share capital [1] - The incentive plan targets executives and core technical personnel, with three lock-up periods of 12, 24, and 36 months, and performance assessment years from 2026 to 2028 [1] - The performance targets include a net profit of no less than 850 million yuan in 2026, a cumulative net profit of no less than 1.85 billion yuan for 2026-2027, and a cumulative net profit of no less than 3.1 billion yuan for 2026-2028 [1] Group 2 - The company emphasizes the importance of talent as a core competitive advantage and has continuously introduced excellent talent and long-term incentive mechanisms [2] - The company has a clear big product strategy focusing on "Chinese-flavored snacks," "healthy high-protein snacks," and "healthy sweet snacks," aiming to replicate the success of its flagship product [2] - The company has invested in upstream supply chain construction, including building factories in Indonesia and Yunnan, and has established a leading super factory for production [2] Group 3 - Revenue projections for 2025-2027 are 5.928 billion, 6.967 billion, and 8.053 billion yuan, with year-on-year growth rates of 11.77%, 17.53%, and 15.59% respectively [3] - Expected net profits for 2025-2027 are 780 million, 967 million, and 1.167 billion yuan, with year-on-year growth rates of 21.90%, 24.01%, and 20.65% respectively [3] - The projected price-to-earnings ratios for 2025-2027 are 24.7, 19.9, and 16.5 times, maintaining a "strong buy" rating [3]