Suningyun to complete the full stock ownership plan Jindong cushion 396 million yuan

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October 9, Suningyun announced that the 528 million Yuan employee ownership plan has been completed.

This means that the Suningyun employees who get the shareholding, from a more "Suning shareholders" identity. Their interests will be tied closer to the company.

"It's a talent strategy. Sing, an analyst at Analysys think-tank, told the 21st century economic reporter that Suningyun is making great efforts to make the transition to the Internet, which is designed to stay and attract talented people.

Wang also believes that the Suningyun choose this time node to launch, but also shows that the company has a certain confidence in performance. "The stock price is now relatively low. Sing said that the Suningyun two-quarter losses narrowed, "the transition is good", is expected to have a good performance in the three quarter.

Jindong Cushion Fund 396 million

After the shareholder meeting passed the employee shareholding Plan resolution, the Suningyun business completed the implementation within a week.

The scheme shows that the employee ownership plan accumulates no more than 10% of the total amount of the company's share capital, and the number of shares of the employee ownership plan held by any holder does not exceed 1% of the total amount of the company's share capital.

As of September 30, the Employee Stock Ownership Scheme Manager Security securities through the two-tier market to buy the way to complete the purchase. The purchase quantity is 61,056,374 shares, the total share capital proportion of the company 0.83%, the purchase price is 8.63 yuan/share.

The total amount of cash invested in the employee ownership plan is 528 million yuan, which includes three parts of self-financing, borrowings and bank interest. Borrowing means that the company's controlling shareholder, Jindong, takes some of its holdings of Suningyun shares to secure funds for the securities application and provides loan support to the employee shareholding scheme.

As a result, the proportion of the borrowings to the self-financing portion was 3:1 per cent. According to the capital of 528 million yuan, Jindong need to cushion 396 million yuan first.

"It's a disguised employee benefit. "Sing to the 21st century economic reporting reporter, for example, other Internet companies have similar situation, such as Alibaba to employees to give loans to help buy a house.

Unlike the Suningyun, which launched a August 2010 equity incentive Plan, the employee ownership plan has a broader coverage. According to the program, the total number of employees participating in the employee shareholding program is not more than 1,200, in addition to the senior management, but also the manager level above the director, Information technicians and special contributors to the company.

"This means that the front-line employees on the corporate line will have the opportunity to benefit from the stock ownership plan and facilitate the implementation of the company's transformational strategy." The study of Goldman Sachs Gao Securities is an analysis.

The company's improvement in logistics and user experience remains to be seen as a financial effect, the research newspaper said. But the employee stock ownership plan and the stock right incentive compared to the company's current profit has no dilution effect.

Performance confidence

In addition to retaining and attracting talent, the analysis of a number of brokers believe that Suningyun in this time node to launch employee shareholding plan, is the confidence in its performance.

According to the company 2014 semi-annual report, its first half to achieve business income of 51.152 billion yuan, down 7.89%, net profit-755 million yuan, down 202.93%.

Suningyun's board of directors believes that this is "volatility" in revenue and efficiency, indicating that the company is on the key node of the transition. They also say that since May or June, the company has been on the right track, "To see the dawn of the straight from the curve."

Its data support is that the company's two quarter to achieve a quarter-on-quarter growth of 23.67%, internet business quarter-on-quarter growth of 50.97%, compared to store sales income year-on-year decline narrowed to 4%.

"From the two quarterly results, the Suningyun business transformation is good, the loss has narrowed." Sing said he expects the company to have a better performance in the third quarter.

As of October 9 closed, Suningyun 8.53 yuan/share. "The stock price relative to at a low point, this time launches, IS has the certain confidence to its own performance." Sing said that the current performance of the company has promoted the situation, this time point for the company's stock also helps.

There are also media analysts said that Suningyun's example, in addition to boosting investors to the company's future information, but also echoed the policy.

In June this year, the SFC issued "Guidelines on the implementation of the pilot scheme of employee shareholding plan for listed companies", requiring the pilot scheme of employee shareholding plans in listed companies. China Securities Regulatory Commission spokesperson Xiaojun that in listed companies to promote employee ownership plan pilot, is conducive to the establishment and improvement of the interests of workers and owners of the sharing mechanism, improve corporate governance, improve the cohesion of workers and corporate competitiveness.

(Responsible editor: Lvguang)