On March 18, 2025, Sunshine Power (300274) announced that it has granted 9.11 million shares of restricted stock as part of its incentive program. The grant date for these shares is set for March 18, 2025, and the number of shares represents 0.44% of the company’s total equity. The price for the granted stock is 35.27 yuan per share, and the number of incentive recipients will not exceed 874 individuals, which includes some of the company’s key and core employees.
According to the company’s Draft 2025 Restricted Stock Incentive Plan, the initially granted restricted stock will vest according to a predetermined schedule, with a maximum vesting period of 60 months. The vesting schedule consists of four periods, with each period allowing for a 25% vesting rate.
In the first three quarters of 2024, Sunshine Power reported revenues of 49.946 billion yuan and a net profit attributable to shareholders of 7.600 billion yuan.
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