Core Viewpoint - The company, Tiande Yu (688252), announced a proposed restricted stock incentive plan for 2026, aiming to align the interests of its core team with the company's development by granting 2.8 million shares to 104 key personnel, representing 0.68% of the total share capital as of the announcement date [1] Group 1: Incentive Plan Details - The incentive plan will not reserve any shares and will grant all 2.8 million shares through the initial grant, accounting for 100% of the planned allocation [1] - The incentive recipients include 104 individuals, making up 39.69% of the total workforce as of December 31, 2024, covering directors, senior management, core technical personnel, and key staff [1] - The plan aims to enhance team motivation and creativity, ensuring the effective implementation of the company's development strategy and high-quality achievement of operational goals [1] Group 2: Performance Assessment Criteria - The incentive scheme features a dual assessment system comprising company-level performance and individual performance evaluations, covering the fiscal years 2026 to 2028 [2] - Key performance indicators for the company include revenue growth rate, overall product shipment growth rate, and net profit growth rate, with specific growth targets set for each year [2] - For the 2026 assessment period, the minimum growth rates are set at 20% for revenue and shipment growth, and 30% for net profit, with increasing targets for subsequent years [2] Group 3: Company Performance and R&D - In the first three quarters of 2025, the company achieved revenue of 1.698 billion yuan, a year-on-year increase of 14.44%, and a net profit of 195 million yuan, marking nine consecutive quarters of growth [2] - The company's gross margin has steadily improved, attributed to structural margin enhancements from new product launches [2] - R&D investment reached nearly 150 million yuan in the first three quarters of 2025, reflecting a year-on-year increase of 20.35%, with significant technological breakthroughs in TDDI chips [2] Group 4: Market Position and Product Development - Tiande Yu is a key supplier in the electronic price tag sector, having achieved mass production of a full series of four-color electronic paper driver ICs with built-in rewritable memory [3] - The company has successfully developed narrow border GIP architecture electronic paper driver ICs, applicable not only to electronic price tags but also to innovative applications such as mobile phone back covers [3] - The four-color electronic price tags have reached mass production and become a market mainstream, with ongoing development of multi-color electronic price tag products to support smart retail and IoT applications [3]