Tramway News: On the evening of May 25,Ganfeng Lithium IndustryThe equity incentive plan was disclosed, and the number of stock options to be granted to the incentive objects was 2.17 million, and the exercise price of the granted stock options was 118.86 yuan per share.
It is worth mentioning that the annual company-level performance assessment targets of Ganfeng Lithium’s equity incentive plan do not seem to be very strict. The announcement shows that the company-level performance assessment targets are: net profit in 2022 is not less than 8 billion yuan; cumulative net profit in 2022-2023 is not less than 18.00 billion yuan; cumulative net profit in 2022-2024 is not less than 280.00 The cumulative net profit from 2022 to 2025 shall not be less than 38.00 billion yuan.
The announcement shows that the total number of incentive objects to be granted by this incentive plan is 113, including the core management personnel and core technical (business) personnel who served in the company (including branches and controlled subsidiaries) when the company announced the incentive plan. The validity period of the incentive plan starts from the date when the stock options are granted to the date when all the stock options granted to the incentive object are exercised or the repurchase and cancellation are completed, and the longest period shall not exceed 60 months.
The stock options granted by this incentive plan are exercised in four times, and the corresponding waiting periods are 12 months, 24 months, 36 months and 48 months respectively. The performance assessment target is that the net profit in 2022 is not less than 8 billion yuan; the cumulative net profit from 2022 to 2023 is not less than 18 billion yuan; the cumulative net profit from 2022 to 2024 is not less than 28 billion yuan.
According to the company’s 2021 annual report, in 2021, Ganfeng Lithium achieved a total operating income of 11.162 billion yuan, a year-on-year increase of 102.07%; the net profit attributable to shareholders of the listed company was 5.228 billion yuan, a year-on-year increase of 410. 26%.
If calculated according to the lower limit of the above performance assessment target, the year-on-year increase of net profit in 2022 needs to reach 53.02%.
Judging from the increase in the first quarter report, Ganfeng Lithium’s growth in the first quarter was relatively good. In the first quarter of 2022, the company achieved a total operating income of 5.365 billion yuan, a year-on-year increase of 233.91%; the net profit attributable to shareholders of the listed company was 3.525 billion yuan, a year-on-year increase of 640.41%.
On the same day, Ganfeng Lithium also announced that it plans to build a spodumene extraction production base in Fengcheng with its own funds of no more than 2 billion yuan, forming an annual output of 50,000 tons of lithium carbonate equivalent.Lithium batterynew energyMaterialcapacity.
The investment content is to build a spodumene production base for lithium extraction in Fengcheng City to form a new energy material capacity for lithium batteries with an annual output of 50,000 tons of lithium carbonate equivalent. Projects, including construction and production-related infrastructure, workshops, auxiliary facilities and staff dormitories, safety production equipment, working capital, etc.
—END Tramway 2022/5/26
Original title: Ganfeng Lithium Industry Equity Incentive Plan: This year’s net profit is not less than 8 billion yuan