Qingdao Haier to restart equity incentive

Qingdao Haier (600690) yesterday launched the second phase of the stock option Incentive plan, will be awarded 83 employees 10.8 million stock options, accounting for the company's total equity 0.807%, the incentive targets include directors (excluding independent directors), senior managers, companies and subsidiaries of the core technical staff of a total of 83 people. Qingdao Haier announced that the program is valid for four years. The object of the incentive may be 12 months from the date of the Stock option Award and the annual report of 2010, and the right of 30%, 30% and 40% of the total amount of stock options granted at the right date. The line price is 22.31 yuan.　　According to the incentive scheme, Qingdao Haier's annual weighted average net asset yield needs to be no less than 10%, the net profit annual compound growth rate reaches 18%. Last October, Qingdao Haier launched the first equity incentive program, including Chairman Yang Yanji, 48 employees were encouraged, the first stock option number of 17.43 million shares, accounting for the total capital of 1.302%.　　Analysts say that, although the terms of the project are the same as last time, but Haier's annual net profit base is different, so the threshold of the line has been significantly increased, compared to last year the conditions more stringent.　　Qingdao Haier earnings show that 2009 net profit of 1.149 billion yuan, an increase of 49.64%. In the second half of this year, the Qingdao Haier stock price rises all the way, rises from 16 yuan to yesterday's 22.3 yuan. Lu Shenghua, chief editor of China's power grid, said that the home appliance industry ushered in new opportunities for development since the implementation of the new home appliances in the countryside. Qingdao Haier in the company's high stock price on the launch of the two-period equity incentive plan, to a certain extent reflects the Qingdao Haier's confidence in the future high growth.