Xun Hing shares: Launched 6.02 million stock options incentive plan

Event: Xun Hing shares to be awarded the incentive to 6.02 million stock options, accounting for the incentive plan signed when the total amount of corporate equity 3.88%.　　For the first time, 5.74 million copies were granted, 280,000 were reserved, and stock options were reserved for 4.65% of the total number of options. Analysis: 1, Xun Xing shares the main business for the production and sale of SBS series Zipper, precision molds, metal and plastic stamping castings, is the most complete variety of Chinese zipper products, supporting the most complete manufacturing base.　　The main products include: metal, nylon, plastic steel Three series of high-quality code and finished zipper, a variety of models of pull head and zipper accessories, metal, resin, wood and other series of fasteners and luggage accessories as well as a variety of specifications model zipper mold, zipper processing molds and small precision plastic molds, small metal mold products. Leading product SBS Zipper ranked top ten zipper brands in China, production and sales of more than 10 years ranked first in the country. From a global perspective, Xun Xing Zipper has become the world's second largest zipper production enterprises.　　Zipper National Standard and industry standards for the establishment of the team leader unit. 2, the first grant of the stock option, since the first day of authorization full year, four period of the right, the total number of feasible rights of 25%. Effective performance conditions are: the first phase, 2011 compared to 2009, the net profit growth rate is not less than 70%, and the net assets yield is not less than 9%.　　Second, 2012 compared to 2009, the net profit growth rate is not less than 100%, and net assets yield is not less than 9.5%. Third, 2013 compared to 2009, the net profit growth rate is not less than 140%, and net assets yield is not less than 10%. Among them, the first granted stock options. Fourth, 2014 compared to 2009 degree, the net profit growth rate is not less than 180%, and the net assets yield is not less than 10.5%.　　The reserved stock option is divided into three periods after two years from the first authorization date.　　3, Xun Hing shares 2010 three quarter total operating income of 750.44 million yuan, an increase of 40.23%, attributable to the listed company shareholders of the net profit of 40.25 million yuan, the year-on-year increase of 72.44%, the basic earnings per share 0.260 yuan, the year-on-year increase of 72.19%. 4, the company's current stock price corresponding to 10-12 years of PE are: 30x,21x,13x. Valuations are not high, and investors are advised to pay attention. The company's incentive plan can improve the company's incentive, binding mechanism, enhance the Company's sustainable development capacity, so that operators (including core business backbone) and shareholders to form a community of interests, to improve management efficiency and managers enthusiasm, creativity and responsibility, and ultimately improve the company's performance. (Deng Hao)