Fuannacompany Home Textile Stock Incentive first gun

Today (July 22), Rich Anna (002327, closing price 34.24 yuan) took the lead in the domestic textile stock equity incentive first gun.　　It is intended to give the incentive to 3 million shares, the first to grant the right of the row price of 34.24 yuan, equity incentive plan is valid for the authorization date of 5 years. Two conditions in accordance with the feasibility of the right to announce the disclosure of the plan to give incentives to the target number of shares of 3 million, the corresponding company shares 3 million shares, accounting for 2.24% of the company's total equity. Among them, 2.7 million were awarded for the first time, and 300,000 shares were reserved for the incentive objects. In addition, the price of the first-granted equity bank is 34.24 yuan.　　The right to reserve 300,000 shares is determined by the Board at the time of its award. The company said that the first grant and reserve rights period are divided into 3 periods, of which the first grant of equity from the first authorized date after 2 years, the incentive should be in the right days in 30%, 30%, 40% of the row right proportion.　　The reserved shares shall be phased in the proportion of the line of 30%, 30% and 40% after 1 years after the date of authorization and 2 years from the first authorization date. It is worth mentioning that the terms of the right to do so, the 2011-2013-year weighted average return on equity is not less than 10%, while the 2009-year net profit base, 2011-2013-year net profit growth rate should be no less than 65%, 105% and 145% respectively.　　Reporter found that the 2009 deduction of Non-recurrent profit and loss of the net profits of 79.023 million yuan, 2011-2013-year net profit should be no less than 130 million yuan, 162 million yuan and 194 million yuan. "NET assets yield of no less than 10% of this condition certainly can achieve." Wu Yuyu, a researcher at Xiang Choi Securities apparel industry, said to the daily economic news, "the annual compound growth rate of 4 annual net profit from this year to 2013 should be higher than 25%, which means that net profit growth should be no less than 28% for the current and the next two years." As long as the rich Anna opened the shop speed to meet the expectations, to complete the right to do the conditions is not difficult. "The reporter noted that the equity incentive awarded 196 people, senior management staff only 2, respectively, is responsible for supply chain management deputy general manager Shaw 19, and responsible for the deputy general manager of the executive Huang Baohua." At the same time, 194 core technical personnel, middle management staff total shareholding 2.562 million shares.　　The target, in addition to the regional managers, business executives, development engineers and other middle-level positions, but also include the store cabinet long, team leader and other general positions. Short-term expected to stimulate the stock price a brokerage researcher told reporters, rich Anna this equity incentive performance growth conditions, although generally in line with expectations, but also fundamentally locked the previous brokerage's earnings forecasts, showing that the company's future performance can be stable growth is very confident.　　At present, home textile stocks face double positive. First of all, domestic textile industry cake is growing, but rich Anna, dream clean Home textiles and Lorelei home textiles three companies have relatively small proportion of GDP, the future profit space is still large; second, with the three companiesContinued listing, financing, channels and other advantages also make the industry concentration more and more high. It is noteworthy that the past 9 years of the rich Anna's net profit has maintained a growth rate of 36.9%, much higher than in recent years the growth of industry 10%~20%. It is expected that equity incentives will have a short-term incentive to share prices.