Tianhong Mall Released The 2014 Annual Report To Terminate The Equity Incentive Plan.

Tianhong mall released its 2014 annual report.

According to the annual report data, the company achieved operating income of 16 billion 998 million yuan last year, an increase of 6.02% over the same period last year, attributable to

The net profit of shareholders was 538 million yuan, down 12.52% from the same period last year.

However, insiders pointed out that it is not easy to make profits in the current downturn of the retail industry.

In addition, the company said it would distribute cash dividends to all shareholders every 10 shares, including 3.3 yuan (including tax), instead of sending red shares, instead of raising capital stock by provident fund.

It is worth noting that the company also issued a notice on the termination of the A share restricted stock incentive scheme (phase I) and the repurchase cancellation of the underated restricted stock issue.

According to the company's announcement, the above equity incentive plan agreed that the company awarded 8 million 2 thousand shares of restricted shares of A shares to 210 incentive subjects with the award price of 5.15 yuan / share. In July 4th last year, the fifteenth meeting of the third board of directors of the company decided that the award date was July 4, 2014, and agreed that the company awarded 177 shares of A shares restricted shares 6 million 574 thousand and 100 shares to 177 incentive objects at the price of 4.79 yuan / share.

As for the reasons for the termination of the equity incentive plan, the company said that the domestic economic growth slowed down in 2014, and the growth rate of household income declined, resulting in a weak domestic consumption demand and a low willingness to consume residents.

The boom is not high.

Affected by macroeconomic factors, the company's performance failed to meet expectations.

According to the reporter, according to the company

The sixth provision of the restricted stock incentive plan (phase I) (Revised Draft) "stipulates that the company's restricted stock should meet the following performance appraisal conditions during the lockup period, that is, the net profit attributable to shareholders of listed companies and the net profits deducted from non recurring gains and losses belonging to shareholders of listed companies in each year within the restricted stock lock period shall not be lower than the average level of the last three fiscal years before the grant date and shall not be negative.

The net profit of the recent three accounting years and the net profit after deducting non recurring gains and losses were 574 million yuan, 588 million yuan, 615 million yuan and 563 million yuan, 566 million yuan and 570 million yuan respectively, with an average of 592 million yuan and 566 million yuan respectively.

However, according to the annual report released yesterday night, the company's net profit was 538 million yuan last year, and net profit after deducting non recurring gains and losses was 501 million yuan, all lower than the average of the recent three years.

In addition, without abolition of the equity incentive plan, the normal implementation and the cost of the share payment in 2014, the net profit attributable to shareholders of Listed Companies in 2014 and the net profit attributable to shareholders of listed companies after deducting non recurring gains and losses were 534 million yuan and 497 million yuan respectively, much lower than the average level in the recent three years, so the company decided to terminate the equity incentive plan.