A big cross-border retailer offers 100 million yuan in equity to encourage employees

The cross-border e-commerce industry has been very unstable in the past two months, with many big sellers being banned. While the ban wave has forced many big sellers in the cross-border industry to reduce their operations and lay off employees, a big cross-border seller in Xiamen has offered hundreds of millions of shares to motivate its employees.

That is Jihong Shares, which achieved an annual revenue of 4.4 billion last year! It is reported that the incentive plan of Jihong Shares adopts restricted stock incentives, and the source of stocks is Jihong Shares issuing the company's A-share common stock to the incentive targets.

9.08 million restricted shares were granted at a grant price of RMB 13.06 per share to 292 incentive targets that met the grant conditions. The incentive targets included the company's directors , senior management , and core management , technical and business personnel responsible for the company's e-commerce and packaging businesses .

The current share price of Jihong shares is 23.54 yuan. If you buy it at 13.06 yuan per share, you will almost double your money. According to Jihong shares' forecast, the total cost to be amortized for this grant is about 138.74 million yuan. It has to be said that Jihong shares is indeed generous in taking out a "small goal" to motivate employees.

However, Jihong Co., Ltd. also stated that considering the positive effect of the restricted stock incentive plan on the company's development, it will stimulate the enthusiasm of the management team and the core backbone team, improve operational efficiency and reduce operating costs. The company's performance improvement brought about by this incentive plan will be higher than the increase in expenses it brings.

As an A-share listed company whose cross-border e-commerce business accounts for 57.84% of its revenue, Jihong Co., Ltd. has also witnessed the ups and downs of the cross-border industry.

Jihong shares achieved revenue of 4.4102 billion in 2020, a sharp increase of 46.56% over 2019. Net profit attributable to shareholders of listed companies was as high as 559 million yuan. In the first quarter of this year, it once again achieved revenue of 1.1781 billion yuan and net profit attributable to shareholders of listed companies was 92.29946 million yuan.

A strong team is the cornerstone of a company's efficient growth , and in the cross-border e-commerce industry, talent is even more important to the development of a company.

Jihong shares also know this very well. Therefore, in order to maintain the rapid growth of the company, it did not hesitate to spend more than 100 million yuan for equity incentives. But at the same time, Jihong shares' talent strategy also reminds all sellers to pay more attention to talents!

Cross-border sales

staff

Jihong Shares