Electronic enthusiasts eight o'clock in the morning: ZTE (17.250, 0.00, 0.00%) (000063) announced the equity incentive plan on the evening of April 24, and proposed to the company's directors, senior management, business backbone and other 2013 people, the total amount of grants does not exceed With 150 million stock options, the corresponding stock is expected to account for approximately 3.6% of the company's total issued share capital, and the incentive targets account for approximately 3.5% of the company's current registered employees. The company's A shares resumed trading on April 25.

Previously, the number of shares issued by ZTE in October 2013 when all the stock options granted were exercised accounted for 3% of the total share capital of the company. At present, the total number of underlying stocks involved in the company's equity incentive plan during the validity period does not exceed the company's total. 10% of the total issued share capital.

Combined with the recent management adjustment plan of ZTE, the company's equity incentive plan binds the core employees of the company to the company's interests.

Recently, ZTE announced a high-level adjustment plan. First, Yin Yimin, who is in charge of core business such as ZTE's product development, marketing and mobile phone division, succeeded Zhao Xianming as the chairman of the latest board of directors. Then, Cheng Lixin, the former general manager of ZTE's North American operations department, was appointed as the general manager of the terminal business unit and was fully responsible for the ZTE mobile phone business.

In the past year, ZTE has been in constant trouble. A settlement with the US government's export control investigation case was punishable by a fine of 892 million U.S. dollars, equivalent to 6.2 billion yuan, setting a record for the highest fines in export control cases in the history of the United States, and directly resulting in a net profit loss of 2.36 billion yuan in 2016. In addition, due to the company's business adjustment, especially the shrinking of mobile terminal business, news of layoffs of 3,000 people was reported.

According to the 2016 annual report, ZTE achieved operating income of 101.23 billion yuan in 2016, a year-on-year increase of 1.04%; net profit loss of 2.36 billion yuan, net profit of 3.208 billion yuan in the same period last year.

In the first quarter of 2017, ZTE achieved operating revenue of 25.75 billion yuan in the first quarter of this year, up 17.8% year-on-year; net profit was 1.21 billion yuan, up 27.8% year-on-year.

Some brokerage research reports believe that the company's operators and consumers have developed well. In the future, they will expand new growth points around opportunities such as CDN, big video business, data center virtualization and Internet of Things. It is estimated that the company's revenue in 2017 and 2018 will be 112.9 billion yuan and 126.4 billion yuan, and the net profit will be 5.073 billion yuan and 6.296 billion yuan.

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