Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2026-01-19 04:19Core Viewpoint - Jerry Holdings has introduced an eye-catching talent incentive plan, offering up to 20 million yuan in interest-free loans to core technical talents and industry experts to support their joint investment in emerging business areas, which has sparked market interest in new talent binding models [1][6]. Summary by Sections Loan Details - The plan allows a maximum loan of 800,000 yuan per individual, with a repayment period of up to 6 years, and the funds are strictly limited to investments in new business areas [2][6]. - The program is limited to a small percentage of employees, specifically core technical talents and industry experts, excluding major shareholders and related parties [6]. Employee Concerns - Many employees express concerns about the debt risk associated with the plan, particularly the obligation to repay the principal even if the project incurs losses [3][15]. - The average pre-tax income for employees in 2024 is projected to be 189,100 yuan, which raises concerns about the repayment burden if they opt for the maximum loan amount [3][9]. Financial Performance - Jerry Holdings is a leading player in the domestic oil and gas equipment and services sector, with projected revenues of 13.35 billion yuan in 2024, despite a slight decline from 13.91 billion yuan in 2023 [8]. - The company has shown stable profitability, with a net profit of 2.62 billion yuan in 2024, reflecting a year-on-year growth of 7.03% [8]. Comparison with Traditional Incentives - The new incentive model has sparked debate, with some industry professionals questioning the rationale behind offering interest-free loans instead of direct investments by the company [15][16]. - Experts have differing views on the model's effectiveness, with some arguing it transfers investment risk to employees, while others see it as a flexible and efficient alternative to traditional equity incentives [15][16].