STO Express Reply to Shenzhen Stock Exchange’s Inquiry Letter: Employee Stock Ownership Plan Will Enhance Core Competitiveness_Oriental Fortune Network

In response to the Shenzhen Stock Exchange’s “employee stock ownership plan”STO ExpressThe “Letter of Inquiry” issued on the evening of February 28,STO ExpressreleaseannouncementThe reply stated that the overall salary structure of the company is relatively simple, and the salary situation as a whole is at a relatively low level in the industry. This plan aims to further improve the company’s medium and long-term incentive mechanism, with long-term development as the goal, to establish a salary incentive system with partial compensation incentives as the basic method, to achieve equal emphasis on incentives and constraints, and to enhance the company’s core competitiveness.

The announcement stated,STO ExpressEmployee Stock Ownership Plans Set Up the Companyperformance. The “dual assessment” of personal performance requires 36 months to exercise rights after reaching the standard. It has a strong meaning to “bind” the core backbone personnel with the company’s future development and stabilize the company’s senior management personnel for a long time. As for whether the company-level assessment standards are high or low, the announcement said it was “challenging”.

“Under the conditions of fierce market competition, strong incentives and strong assessments ensure that they will not fall behind, which is a big move for many listed companies to retain talents and reverse performance.” An industryanalystIt is believed that Shentong Express has made great efforts to adjust the organization and management personnel in recent years. Locking these people marks the company’s affirmation of the current governance model and management team, which will help the company’s future development. He also emphasized that although Shentong Express “started” in the second half of last year, each express company has put forward the goal of steadily increasing its market share, and the small-scale Shentong Express has weak bargaining power. Steady disk”, there is uncertainty.

The relevant person in charge of Shentong Express said that although the company’s performance in 2021 is expected to suffer a substantial loss, the operating profit in the fourth quarter is expected to be profitable, and the actual operation is improving. In December 2021, the market share reached 11.25%, creating a 17-month high. new highs. At the beginning of this year, the company launched the “strong infrastructure” model. After completing 47 production capacity projects in 2021, more than 60 production capacity improvement projects will be implemented in 2022. It is proposed to firmly reform and thoroughly reform, and never engage in tinkering. , to promote Shentong’s “visible changes” to achieve short-term stabilization, medium-term improvement, and long-term revival.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: STO Express Reply to Shenzhen Stock Exchange’s Inquiry Letter: Employee Stock Ownership Plan Will Enhance Core Competitiveness