深南电路：期权方案保障 2028 年前增长确定性

Flash | Shennan Circuit (002916.SZ) Option Scheme To Ensure Growth Visibility Till 2028E CITI'S TAKE Shennan announced its Phase II Restricted Stock Incentive Plan, granting 15.16m shares (2.27% of total issued capital) to 667 key personnel at RMB114.72/share. We view this positively as it aligns key talent with shareholder interests during the critical AI upcycle. Notably, the unlocking criteria are stringent: requiring recurring net profit CAGR of ≥13% (vs. 2024) and continuous ROE improvement (to >12.8% ...