New Hope launched its biggest equity incentive in 22 years, benefiting 4,000 employees and raising pigs in 2023

At the end of the year, new hope six and as the feed industry boss, brought us a series of surprises, more than ten days ago announced a number of "records" are still in sight: revenue for the first time over 100 billion, the industry's first annual sales of feed broke 20 million tons, burst meat revenue of more than 600 million yuan ... On January 11th New Hope announced a number of heavyweight news, and its size and intensity will once again set new hopes and industry-wide "records".
launched the largest equity incentive in 22 years, covering 4000 core backbone employees on January 10, New Hope released the "2021 Core Key Employee Shareholding Plan" "2021 Restricted Stock Incentive Plan" is a series of equity incentive plans with a total market capitalization of more than 1 billion yuan, covering a total of 4,000 core backbone employees.
The source of funds for the employee shareholding plan is the company's special fund, the company intends to take no more than 230 million yuan from the net profit of the returning mother, the corresponding will be included in the company's 2021 expenses, which is the largest and most powerful equity incentive plan in the 22 years since the listing of New Hope.
announcement shows that the current round of shareholding plan involves a total of 10 senior management personnel involved in the board of directors, the share of the distribution of equity in the plan does not exceed 10%, the remaining eligible core backbone does not exceed 3990 people, the distribution ratio is greater than 90%.
3,990 people will be allocated at least $207 million.
according to the list of incentive targets, Zhang Minggui, the new executive chairman and president who took office in September 2020, will receive 5 million restricted shares if the criteria for the restricted stock incentive plan are met.
based on the closing price of 24.54 yuan per share on January 8, the market value of this part is about 120 million yuan.
other vice-presidents and chief scientists have a market capitalization of more than 30 million yuan, and the industry's president level is more than 10 million yuan.
And two days ago, New Hope announced that it had completed a total of 800 million share repurchase program, corresponding to this restricted stock program, the stock source has been prepared in advance, can see this series of combination punches, new hope inside is well-planned and well-prepared.
Executive New Team: Liu Chang Zhang Minggui led half of the school's recruitment struggle to become president of the announcement mentioned: the company's board of directors on January 8 received Wang Shuhua, Hu Ji resignation report, the above-mentioned executives for personal reasons to resign, resign will not serve in the company.
company has made proper arrangements for the work of the above-mentioned personnel, the departure of the two people will not adversely affect the day-to-day production, operation.
As of the date of disclosure, Wang Shuhua held 398,794 shares of New Hope (of which 263,794 were non-restricted and 135,000 were restricted), while Mr. Hu held 390,000 shares (of which 255,000 were non-restricted and 135,000 were restricted).
huji also sent a circle of friends that night, for the new hope of the work experience is very emotional: "The past three and a half years, is one of the most important time in my life."
this is my first job after going to sea.
to the chairman of Yongsheng, Chang and the new hope colleagues to my tolerance.
I always agree with Chang, she is one of the few young business leaders of our time, and will continue to be an example for me to follow in the future."
the departure of the two executives, New Hope also gave a high rating: "... Hard work and due diligence, for the company's development has made an important contribution, reflecting good professional ability and professionalism ... Give high praise to the work and express our heartfelt thanks to them!" The new executives are a combination of "old and new" - according to the resume, the new finance director, Chen Xingxuan, was born in 1974 and graduated from Beijing University of Aeronautics and Astronautics with a bachelor's and master's degree, a certified public accountant, an MBA from Tsinghua University and an EMBA from the China Europe Business School.
has served as Finance Director of Shandong Six and Group, President of New Hope Vi and Qingdao Center, Vice President and Chief Financial Officer of New Hope Vi and President and CEO of New Hope Hui nong Technology.
throughout his resume, he is a veteran of the new hope.
, Chief Strategic Investment Officer and Acting Director of the University of Hong Kong, graduated from Zhongnan University of Economics and Law with a master's degree in economics in 1980.
worked for the National Audit Office and the China Securities Regulatory Commission, was familiar with the capital markets of listed companies, and served as vice chairman of two listed companies.
, like huji, Lan Jia, a financial regulator, has worked for the China Securities Regulatory Commission for a long time, according to his resume.
it is worth mentioning that Lan Jia's year of entry into the SFC coincided with Mr Hu's and was an old colleague during his time at the SFC.
From chen Xingxuan and Lan Jia's resume, the financial work, capital market is very familiar with, and have entrepreneurial experience, but also with the company's future strategic development, perhaps is the announcement of the "proper arrangement" of the four words of the meaning.
And this 161 executives and business backbone stock incentive plan published list, in addition to Chen Xingxuan, Ji Chongxing, Tao Yuling and other 70", but also can see a number of "young and strong" generals, such as 80 after the president's assistant Zhu Liqiang, overseas president Feng Xiaohui, Yan Shuai, president of the new six column of the pig industry, plus Jia Yougang, Liu Jiqing, Liu Weiwei and other 80-year-old industrial unit president, this new team and Zhang himself have a highly similar resume characteristics - in the new hope of working for many years, almost all graduated into the company, from the school enrollment struggle to the present, all the way from the grass-roots level to achieve high-level.
The team's new luxury team's appearance in the equity incentive program illustrates the thickness of the bench for the new hope backbone talent, as well as the strong support behind the 40-year-old leader's ability to innovate and develop.
new target riveted 2023: 66 million pigs out of the column, accounting for one-tenth of the peak production capacity in accordance with the plan, the lifting of restricted stock sales assessment year for 2021-2023, Each period of assessment, the performance appraisal objectives are: based on the actual operating results in 2020, 2021 is the first restricted stock release period, its release target is not less than 15% growth rate of off-feed sales; The growth rate of pig output is not less than 100%; The target for 2022 is that the growth rate of out-of-feed sales will not be less than 30%, and the growth rate of pig output will not be less than 300%; The target for 2023 is that the growth rate of out-of-feed sales will not be less than 50%, and the growth rate of pig output will not be less than 700%.
new hope in an exchange with investors has previously revealed that the company's feed business in 2020 is expected to sell more than 17 million tons of off-the-field sales in 2020, 2020 out of 8.29 million pigs.
this data combined with the company's incentive program performance unlock conditions estimate that the company's 2021-2023 feed sales need to reach 19.55 million tons, 22.1 million tons, 25.5 million tons; During the same period, the number of pigs needed to be no less than 16.58 million, 33.16 million and 66.32 million, respectively.
66 million pigs in the next three years, which should be said to be the industry's highest publicly proposed growth rate.
Before Africa's swine plague entered China, 600 million pigs were out in 2017, accounting for almost 10% of the total production capacity during its heyday, and once that happens, the new hope will certainly be in the lead, but the challenges for the executive team are predictable.
Also in terms of previous results, the total amount of new hope feed in 2020 is expected to be close to 24 million tons, is the industry's first annual total sales of more than 20 million tons of enterprises, however, this assessment target shows that its feed "aggressive" Will not be slowed down by the focus on pig farming, if 26 million tons of feed export by 2023, overlaying the feed consumption of 66 million pigs, 2023 feed production will reach a staggering 50 million tons! This will ensure that New Hope firmly occupies the position of the world's largest feed production industry! New hope revealed that the announcement of 66 million head is not all of the new goal, in the next 3 years, the company to consolidate the absolute leading position in the world feed industry, standing firm in the domestic aquaculture industry's head position, and strive to use five years to overcome the "pig chip" localization, the key technology firmly in the hands of Chinese themselves; Promote 100-channel, digital transformation in the food sector and create a new cycle in overseas markets... All of the above, the same is bound to this new team's strategic tasks, need 100% hard work to achieve.