Chiaki High Division main profit 60% equity incentive termination

Compared with the same period a year ago, Chiaki Hi-Tech (000998) this year's semi-annual report is no longer the capital gains. In the first half of this year, Chiaki's main business profit grew by 60%, instead of investment income as a major source of corporate profits.　　In addition, the Board decided to terminate the plan because the company's equity incentive scheme had been proposed for more than two years but failed to implement it.　　During the reporting period, the company realized operating income of 590 million yuan, an increase of 55% from a year earlier, a net profit of 20.62 million yuan, a decrease of 32% from a year earlier, and a net profit of 29.7 million yuan after deducting the non-recurrent profit and loss, which grew by 1107% from a year earlier.　　The same period last year, Chiaki net profit accounted for the main role is investment income, investment income total accounted for net profit ratio of 93.83%, and reporting period, the net profit mainly from the main business, the main business profit year-on-year growth of 59%, showing the healthy development of the company's main business good situation. The good performance of hybrid rice seed industry has become the biggest bright spot of Chiaki semi-annual report.　　There are two data to be concerned about, the company's core business income of hybrid rice seed to achieve 240 million yuan, up from the same period of 8.66%; The profit of the main business of hybrid rice seed was 86.7 million yuan, which grew 45% from a year earlier.　　Chiaki, the company said that the future companies will seize the policy opportunities and industry to improve opportunities, and gradually exit the strategic investment areas, gradually reduce the scale of portfolio investment, increase investment to promote the company's seed production and processing technology upgrades.　　In order to strengthen the construction of scientific research system of the company, the Chiaki Tech Center is going to buy a total of 45% of the Chiaki Super Hybrid Rice Engineering Research Centre in Hunan, and change it into a wholly-owned subsidiary of the company at 8.44 million Yuan price. At the same time, Chiaki is set to terminate the April 2008 Equity Incentive plan. After the company announced the equity incentive plan, the SFC promulgated the "Equity Incentive Related Matters Memo No. 3rd", stipulates that during the period of the Company stock option, the annual net profit attributable to the shareholders and the deduction of the non recurrent profit and loss attributable to the shareholders shall not be negative.　　Chiaki Hi-Tech 2007, 2008 deduction of Non-recurrent profit and loss after the net profit is negative, and the provisions of the memorandum does not comply with the implementation of the equity incentive plan. Chiaki said that because of the situation of the industry, relevant policies and regulations, capital markets and the company's operating conditions and many other major changes have taken place, if the continued incentive plan will be difficult to achieve the expected incentive effect, it is proposed to terminate the equity incentive plan, and in accordance with the relevant laws and regulations to further study the core team