Recently, Mona Lisa, Dongpeng and Diou have issued a notice on the recovery of some of the company's shares, and the three pottery companies plan to repurchase a total amount of up to 720 million, which will be used for equity incentive plans or employee stock ownership plans.
Among them, mona Lisa plans to repurchase a total amount of 110 million to 220 million yuan, the repurchase price does not exceed 31.93 yuan / share; the total amount of Dongpeng plan to repurchase funds is 150 million to 300 million yuan, the repurchase price of shares does not exceed 19.75 yuan / share; the total amount of repurchase funds of the Diou plan is 100 million to 200 million yuan, and the repurchase price of shares does not exceed 20.68 yuan / share.
A few months ago, Mona Lisa and Dongpeng just released the 2021 stock incentive plan. Mona Lisa intends to grant 5.42 million restricted shares to incentive recipients at an initial grant price of 15.38 yuan per share, while Dongpeng grants 17.66 million restricted shares to 101 eligible incentive recipients at a grant price of 9.09 yuan per share.
With the intensification of competition in the industry, talents have become an important asset of enterprises, and more and more ceramic enterprises have stimulated the enthusiasm of the core team through equity incentives and boosted the realization of the company's business objectives.
Mona Lisa, Dong Peng, Dio
The proposed repurchase of shares for employee incentives
Recently, Mona Lisa, Dongpeng and Diou have successively issued announcements on repurchasing part of the company's equity.
On November 9, Mona Lisa announced that it intends to use its own funds to repurchase some of the company's public shares in a centralized auction transaction, and the repurchased shares will be used for equity incentive plans or employee stock ownership plans. The total amount of the repurchase is RMB110 million to RMB220 million, and the repurchase price does not exceed RMB31.93 per share. According to the upper and lower limits of the total amount of repurchases, it is expected that the proportion of repurchased shares in the current total share capital of the company will range from 0.83% to 1.66%.
Dongpeng also issued a share repurchase report on November 6. The announcement pointed out that the total amount of funds to be repurchased by Dongpeng is 150-300 million yuan, and the price of repurchased shares does not exceed 19.75 yuan per share. Based on the upper limit of the repurchased share price of 19.75 yuan per share and the limit of repurchase funds, the number of repurchased shares is expected to account for about 0.64% to 1.28% of the company's current total share capital.
The share repurchase report released by Diou on November 4 pointed out that the total amount of repo funds of Diou was 100 million to 200 million yuan, and the repurchase price of shares did not exceed RMB 20.68 per share. If the repurchase is made in full and is calculated according to the maximum price of the repurchased shares of 20.68 yuan per share and the maximum limit of the repurchase funds of 200 million yuan, the number of shares that can be repurchased is expected to be about 9.6711 million shares, accounting for about 2.50% of the company's current total share capital.
Equity buybacks demonstrate confidence in development
Employee incentives can be expected in the future
The proposal of the equity repurchase plan also highlights the determination of Tao Enterprises to establish a long-term incentive mechanism and its confidence in the company's future development.
Mona Lisa announcement revealed that the company's repurchase of shares will be used for the later implementation of employee stock ownership plans or equity incentives, fully mobilize the enthusiasm of the company's core backbone personnel; Dongpeng announcement also mentioned that the company at the current point in time to repurchase, mainly in the face of external pressures and unfavorable factors, the company is still full of confidence in the development prospects, the repurchase of shares will be used to implement the company's employee stock ownership plan or equity incentives, so as to further improve the corporate governance structure, the construction of employees and management team shareholding long-term incentive and constraint mechanism, Ensure the realization of the company's long-term business objectives.
Judging from the third quarter of 2021 that has just been released, Mona Lisa, Dongpeng and Diou have all handed over good report cards. Among them, Dongpeng Holdings achieved revenue of 5.738 billion yuan, an increase of 20.33% year-on-year; Diou Home Achieved revenue of 4.604 billion yuan, an increase of 16.05% year-on-year; Mona Lisa revenue of 1.847 billion yuan, an increase of 19.25% year-on-year.
This also shows that under pressure, they still maintain a high quality of operation and achieve growth.
Competition has intensified
How do ceramic companies retain talents?
In the equity incentive plan released by Tao Enterprises, the incentive objects are mostly core technical personnel and core management personnel. Innovation has become the core of maintaining the advantages of enterprises, and the core technical talents who are most indispensable for maintaining innovation have also become important incentive objects.
For the restricted shares in equity incentives, listed companies will generally propose three levels of assessment indicators for lifting restrictions. For example, the performance appraisal target in the Mona Lisa 2021 stock incentive plan is that the operating income growth rate in 2021, 2022 and 2023 is not less than 30%, 70% and 113% compared with 2020, and Dongpeng puts forward the profit growth target for the next three years in its stock incentive plan - based on the deduction of non-net profit in 2020, the annual deduction of non-net profit growth rate in 2021, 2022 and 2023 is not less than 15%, 32% and 50%.
Performance appraisal targets in the Mona Lisa 2021 Stock Incentive Plan
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Lifting of the restriction period
Performance appraisal objectives
First Grant Section The first release period
Based on the operating income in 2020, the company's operating income in 2021 will grow by no less than 30% compared with 2020;
First Grant Section Second Release Period
Based on the 2020 operating income, the company's operating income in 2022 will grow by no less than 70% compared with 2020;
First Grant Section Third Release Period
Based on the operating income in 2020, the company's operating income in 2023 will grow by no less than 113% compared with 2020.
Performance appraisal targets in Dongpeng's 2021 stock incentive plan
The first release period for restricted shares granted for the first time
Based on the company's deduction of non-net profit in 2020, the growth rate of deducted non-net profit in 2021 is not less than 15%.
The second release period for the restricted shares granted for the first time
Based on the company's deduction of non-net profit in 2020, the growth rate of deducted non-net profit in 2022 is not less than 32%.
The third release period for the restricted shares granted for the first time
Based on the company's deduction of non-net profit in 2020, the growth rate of deducted non-net profit in 2023 is not less than 50%.
As the knockout rounds intensify, talent becomes the top priority for maintaining the competitiveness of enterprises. In order to better attract and retain outstanding talents, more and more listed ceramic enterprises realize talent management through stock incentives, stimulate the enthusiasm of the core team, and better promote the realization of the company's business objectives.