On the evening of July 4, Kesi Technology (688788) announced the termination of the 2021 restricted stock incentive plan .
Talking about the reasons for the termination of the incentive plan, Kesi Technology said that in view of the current macroeconomic conditions, changes in the market environment, and stock price fluctuations, the situation has changed significantly compared with when the company launched the incentive plan in early 2021; at the same time, considering that the company’s 2021 annual impact on end customers Due to the impact of the procurement plan, operating income or net profit has not reached the performance assessment target for the first vesting period set by the company's 2021 incentive plan. There is a certain uncertainty in the company's ability to achieve the subsequent performance assessment target set by the incentive plan. It will continue to implement this Incentive plans are difficult to achieve the expected incentive purposes and effects. In order to fully implement effective incentives for employees and protect the legitimate rights and interests of investors,
takes into account the long-term development of the company and the vital interests of employees. After careful study, the company plans to decide to terminate the implementation of this incentive plan. According to
information, Kesi Technology is an enterprise engaged in the research, development, manufacturing and sales of electronic information equipment. The company's products mainly include command and control information processing equipment, software radar information processing equipment, portable wireless command terminals, and others. A series of information equipment such as information processing terminals are used in command and control, communications, chemical defense, surveying and mapping, meteorology, etc.
From the perspective of operating conditions, Kesi Technology achieved operating income of 610 million yuan in 2021, a year-on-year decrease of 6.81%. This was mainly due to the impact of the end customer’s annual procurement plan. Software radar information processing equipment products gradually developed, but the command and control information processing equipment part This was due to a slight year-on-year decrease in product order delivery; during the same period, the company achieved a net profit of 176 million yuan attributable to shareholders of listed companies, a slight year-on-year decrease of 0.70%.
However, Kesi Technology's performance declined significantly in the first quarter of this year. During the reporting period, the company achieved operating income of 26.9283 million yuan, a year-on-year decrease of 75.90%. The company explained that on the one hand, some orders in 2020 were delayed in delivery in the same period last year, resulting in The base number in the same period last year was higher, which was due to the impact of the end customer's annual purchasing plan. During the same period, the company's net profit attributable to shareholders of the listed company was a loss of 26.1245 million yuan, mainly due to the decrease in operating income; the net profit in the same period last year The profit was 31.1559 million yuan.
Along with the fluctuations in performance, Kesi Technology's stock price has also seen significant adjustments this year. As of the close of trading on July 4 (44.61 yuan/share), this year's decline was 53.98%.
At the performance briefing held in mid-May, Kesi Technology’s operations and stock price became the focus of many investors’ questions. For example, the progress of Kesi Technology's wireless baseband chip has attracted much market attention. Liu Jiande, the company's chairman and general manager, said that the company has completed chip etching, but due to the impact of the epidemic, it has not yet completed packaging and testing. There are currently no similar products on the market.
At the same time, some investors pointed out: In the first quarter of this year, the company's orders on hand were 220 million yuan, a year-on-year decline, and the company's stock price also fell significantly. What measures did the company take to deal with the difficulties?
In this regard, Liu Jiande said that the stock price in the secondary market is affected by multiple factors and does not fully reflect the company's operating conditions. After years of investment in research and development, the company has initially formed a series of intelligent technologies into products, which the company is actively promoting.
