吉宏股份2023年限制性股票激励计划回购注销完成公告——投资者深度解读
要点综述
- 厦门吉宏科技股份有限公司（“吉宏股份”，002803）完成2023年限制性股票激励计划部分限制性股票的回购注销。
- 本次回购注销涉及1,860,000股A股普通股，占当前A股总股本的0.4863%，A+H股总股本的0.4130%，涉及183名激励对象。
- 回购价格为8.6320元/股，回购资金总额为人民币16,055,520元，全部来自公司自有资金。
- 回购注销原因系公司2025年度业绩考核指标未达成，相关激励对象所持限制性股票不得解除限售。
- 本次回购注销后，公司A股总股本由382,495,288股减至380,635,288股，A+H总股本由450,405,288股减至448,545,288股，限制性股票激励计划已实施完毕。
事件详情
本次回购注销系因2023年限制性股票激励计划第三个限售期（2025年度）业绩考核目标未达成。根据2025年审计报告，公司2025年度跨境电商业务扣除非经常性损益后归母净利润为9,270.99万元，较2022年净利润1.9787亿元下降53.15%，远未达到计划中“2025年净利润较2022年增长33.10%”的考核要求。因此，相关限制性股票不得解除限售，须由公司按授予价格进行回购注销。
回购注销的具体情况
- 本次回购注销限制性股票1,860,000股，均为A股普通股。
- 回购价格8.6320元/股，经多次现金分红调整，原授予价格为9.51元/股，调整因素包括2024年及2025年多次现金分红。
- 回购总金额16,055,520元，公司已向激励对象支付回购款项。
- 信永中和会计师事务所（特殊普通合伙）出具了正式验资报告，确认回购资金到账。
- 中国证券登记结算有限责任公司深圳分公司已完成股份注销登记。
回购注销对公司及股东的影响
- 公司股本结构发生变化，A股总股本减少1,860,000股，A+H总股本减少至448,545,288股。
- 股权激励限售股已全部注销。
- 本次回购注销不会影响公司核心管理团队的稳定性和积极性，也不会对公司财务状况和经营成果产生不利影响。
- 公司将依法继续办理注册资本变更、修订公司章程等工商登记备案手续。
投资者须知的重要及潜在价格敏感信息
- 业绩考核未达标，三期股权激励计提失败：2025年业绩显著不及激励目标，股权激励对象部分股票被强制回购注销，反映公司跨境电商业务面临压力或挑战。对于关注公司业绩成长性的投资者而言，这是较为重要的负面信号，可能影响市场对公司成长预期及估值。
- 股本减少，或对每股收益有一定提升效应：本次注销股份后，公司总股本减少，有助于提升每股收益（EPS），但需结合业绩实际表现综合判断。
- 现金流充足，可以自有资金完成回购：本次回购所需资金全部来自公司自有资金，显示公司现金流状况相对稳健。
- 公司依法合规履行信息披露义务：本次回购注销流程严格按照监管要求执行，涉及多轮董事会、监事会及股东大会审议，相关法律意见书及验资报告齐备，规范透明。
后续安排
公司将在回购注销完成后，依法办理注册资本变更及公司章程修订等工商登记备案手续，并继续履行相关信息披露义务。
总结
本次限制性股票回购注销事件，反映了公司2025年度业绩未达股权激励目标，对公司管理层激励机制产生直接影响。虽然股本减少理论上有助于提升每股收益，但业绩下滑可能对市场信心构成压力。投资者需关注公司后续业务调整及业绩恢复情况。
免责声明：本文仅供投资者参考，不构成任何投资建议或要约。投资者据此操作，风险自负。请关注公司后续公告及相关信息披露。
Detailed Investor Report: Completion of Restricted Stock Buyback and Cancellation for Jihong Co., Ltd. 2023 Incentive Plan
Key Highlights
- Xiamen Jihong Technology Co., Ltd. (“Jihong”, 002803) has completed the buyback and cancellation of part of its 2023 restricted stock incentive plan.
- 1,860,000 A-shares were bought back and cancelled, representing 0.4863% of the current A-share capital and 0.4130% of the total A+H share capital, involving 183 incentive recipients.
- The buyback price was RMB 8.6320/share, with a total buyback fund of RMB 16,055,520, all from the company’s own funds.
- The reason for the buyback and cancellation was the failure to achieve the 2025 performance target, resulting in the relevant restricted shares not being unlocked.
- After this buyback and cancellation, the A-share capital decreased from 382,495,288 to 380,635,288 shares, and the total A+H share capital decreased from 450,405,288 to 448,545,288 shares. The incentive plan is now complete.
Event Details
The buyback and cancellation were triggered by the failure to meet the performance target for the third restricted period (2025) of the 2023 incentive plan. According to the 2025 audit, the company’s 2025 cross-border e-commerce net profit attributable to shareholders (excluding non-recurring gains/losses) was RMB 92.71 million, down 53.15% from RMB 197.87 million in 2022, missing the planned 33.10% growth target. Thus, the related restricted stock could not be unlocked and is subject to buyback at the grant price.
Buyback & Cancellation Details
- 1,860,000 A-shares were bought back and cancelled.
- The buyback price was adjusted to RMB 8.6320/share from the original grant price of RMB 9.51/share, factoring in multiple cash dividends in 2024 and 2025.
- The total buyback amount was RMB 16,055,520, already paid out to the incentive recipients.
- ShineWing Certified Public Accountants issued a formal capital verification report confirming the arrival of buyback funds.
- The China Securities Depository and Clearing Corporation (Shenzhen branch) completed the share cancellation registration.
Impact on Company and Shareholders
- The company’s share capital structure changed, with A-share capital reduced by 1,860,000 shares and total A+H share capital now at 448,545,288 shares.
- All incentive-related restricted shares in this plan have been cancelled.
- The buyback and cancellation will not affect the stability or enthusiasm of the core management team, nor will it negatively impact the company’s financial condition or results.
- The company will continue to process business registration changes and amend its articles of association as required by law.
Material and Price-Sensitive Information for Investors
- Performance Miss on Incentive Plan: The sharp decline in 2025 performance and failed incentive unlock for management reflects pressure or challenges in the cross-border e-commerce business. This is a material negative signal for growth-focused investors and may affect the company’s valuation.
- Share Capital Reduction May Boost EPS: The share cancellation may increase earnings per share (EPS), but must be considered in light of actual profit performance.
- Sufficient Cash Flow for Buyback: All buyback funds were from company cash, showing a relatively healthy cash flow position.
- Regulatory Compliance: The buyback and cancellation process was strictly conducted according to regulatory requirements, with all legal opinions and verification reports in place for transparency.
Next Steps
The company will complete related business registration and articles of association amendments and continue to fulfill disclosure obligations as required by law.
Conclusion
This buyback and cancellation event reflects the company’s 2025 performance missing incentive targets, directly impacting management incentives. While the share reduction may technically boost EPS, the underlying performance decline could weigh on market confidence. Investors should closely follow the company’s subsequent business adjustments and recovery.
Disclaimer: This article is for investor reference only and does not constitute investment advice or solicitation. Investors operate at their own risk. Please pay attention to subsequent company announcements and disclosures.
