天德钰完成股权激励授予，未来三年业绩目标明确

Core Viewpoint - The company has recently completed a restricted stock incentive plan and disclosed performance assessment targets for the next three years, while also engaging in institutional research [1]. Group 1: Executive Changes - On February 2, 2026, the company granted 2.8 million shares of restricted stock to 104 core employees at a price of 12.93 yuan per share. This plan aims to align talent with the company's interests and sets performance assessment targets for 2026 to 2028, including revenue, shipment volume, and net profit growth [2]. Group 2: Performance Strategy - The stock incentive plan requires that, based on 2025, the growth rates for the three indicators (revenue, shipment volume, and net profit) for the 2026 vesting period must not be less than 20%, 20%, and 30%, respectively. For 2027 and 2028, these requirements will gradually increase to not less than 40%, 40%, and 50%. This reflects the company's expectations for medium to long-term growth [3]. Group 3: Institutional Research - On February 5, 2026, the company engaged in research with institutions such as Great Wall Fund and Ping An Securities, discussing issues such as the impact of storage price fluctuations, progress in electronic price tag business, and cyclical resilience. The research content involved business stability and future layout [4].