Core Viewpoint - Bull Group (公牛集团) announced the third unlock period of its restricted stock incentive plan, allowing 994,163 shares to be listed and traded starting June 23, 2025, involving 502 incentive recipients [2] Company Overview - Bull Group was established on January 18, 2008, with a registered capital of 1.809 billion RMB. The company is headquartered in Cixi, Zhejiang Province, and its main businesses include electrical connection, smart electrical lighting, and new energy [2] - The current chairman is Ruan Liping, and the company has 13,223 employees. The actual controllers are Ruan Liping and Ruan Xueping. The company has 23 subsidiaries [2] Financial Performance - The company's projected operating revenues for 2022, 2023, and 2024 are 14.081 billion RMB, 15.695 billion RMB, and 16.831 billion RMB, reflecting year-on-year growth rates of 13.70%, 11.46%, and 7.24% respectively [3] - The net profit attributable to the parent company for the same years is expected to be 3.189 billion RMB, 3.870 billion RMB, and 4.272 billion RMB, with year-on-year growth rates of 14.68%, 21.37%, and 10.39% respectively [3] - The company's asset-liability ratios for the years 2022, 2023, and 2024 are projected to be 25.44%, 26.83%, and 22.54% [3]

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