Network accommodation technology staged a crazy set of senior executives run a race to venture

Newspaper reporter Liang Shenzhen reported not long ago, has been controversial in the gem listing of the Internet Technology (300017.SZ) launched an equity incentive plan, the draft paper has just been set up by the "incentive threshold" to trigger a variety of market challenges. Among them, the most controversial is the first power period in 2011, as long as the net profit growth of not less than 20%.　　Insiders believe that for the definition of high growth of the gem company, such a low "incentive threshold" has violated the intention of the equity incentive, but for rich executives once again for the benefit of transport.　　Not only that, the company's three executives in the next few days after the release of the draft bill quickly reduce nearly 1 million shares, almost to three people can reduce the limit of the limit, crazy degree or even more than the holding of the shares of VC companies.　　The threshold of innovation low in the current gem, a total of nearly 19 enterprises launched the equity incentive plan, including the network of technology, the right conditions are all gem enterprises among the lowest. The announcement showed that the net-host technology of the proposed equity incentive, the plan to 140 participants awarded 5.5 million stock options, awarded 5 million for the first time, set aside 500,000, accounting for the company's total share capital of 3.566%, the right price of 19.1 yuan/share.　　The plan is based on a net profit of 2009 years, the target can exercise 25% of the rights of each option to buy a share of the company at the price of 19.1 yuan per share at the first trading day (12 months) after the date of the 12-month period of the award. In the four-year period from 2011 to 2014, four of the terms of the right of tenure were compared with the 2009 net profit growth of no less than 20%, 40%, 80% and 100%. Data show that at present, there are 31 Gem Enterprises announced 2010 Annual performance forecasts, of which 90% of the enterprise profits, 60% enterprises in advance increase of more than 30%, of which the Star-Star biology, sunflower, double-forest shares, such as the advance of more than 100%.　　The Internet technology will be 2011 target of 20%, alone on the figures, this growth target set, in the current gem is a bit shabby. However, in many enterprise equity incentive plans, the price of the right to do so is in the way of discount.　　In contrast, the Internet technology 19.1 yuan/share of the right price, it is the company announced plans the day of the closing price of the stock, this will be the market price as the right price of style, more or less for the network of technology to save some face. Senior executives again concentrated in April 2010, the company's general manager Peng resigned to set the gem "fastest turnover" of the record, and the Enterprise Board executives resigned the topic of the issue to a peak.　　After that, the net-tech performance was also less than a quarter, with its semi-annual and quarterly net profits down 29.98% and 29.92% respectively from a year earlier. As the first batch of listed GEM Enterprises, Internet technology in November 1, 2010 after the lifting of the ban, Shen Chong Investment, Shenzhen ChongNew capital and fortune in a few days, respectively, the reduction of 111,000 shares, 105,000 shares and 1.53 million shares.　　The market even rumors, Fortune will exit the Internet technology, for the company's future left a haze. Unexpectedly, company executives seem to have less confidence in Internet technology. In the 6 trading days after the announcement of the equity incentive plan, the company deputy general Manager Lu Qinghui, director Yueqing and Supervisors Zhou Liping 3 people, 9 times crazy to reduce 992,800 shares.　　At this point, the net-tech executives total reduction of shareholding has more than 1.9 million shares, far will be three of the venture cast behind, of which Lu Qinghui, Yueqing, Zhou Liping and director of the Financial Controller Huang 4 people to reduce the total of nearly 1.9 million shares, almost accounted for the total proportion of 100%.　　Reporter noted that the internet technology in November 1 lifted shares of 16 shareholders, 6 of them for venture capital enterprises, excluding the Peng, now in a total of 5 people in the Vocational school, which 4 executives have reduced the ceiling of nearly 25%.　　Q&a q= Huaxia Financial a= Network technology Dong Huang Q: The company announced a few days ago, the equity incentive plan is generally considered the threshold is too low, the company is how to look at this statement? A: From the establishment of the company's performance objectives, the annual net profit showed a steady upward trend, overall we are more confident of the future development of the company. The company's full-year performance forecasts show 2010-year performance growth of zero, so 2011 than 2009 growth of 20% is no doubt a good news.　　Moreover, after the implementation of the equity plan, in 2011, the company increased nearly 10 million yuan or even more options incentive costs, in this context to achieve more than 20% growth, indicating that the network of technology business performance will be significantly improved.　　Q: For the 2011 20% net profit growth target, and the current growth of the gem is a bit too low?　　A: In the 10 years of development, the network technology has been operating in a prudent manner to govern the company.　　Q: Equity incentives generally in addition to the net profit on the embodiment, there should be a net asset rate of return target, why did not mention in the bulletin? A: Internet technology hope that through the stock options incentives, so that the network of technology core employees and executives can and the company common development.