Huaming Power Equipment Implements Employee Stock Ownership Plan with Three-Year Profitability Targets

Deep News03-01

Huaming Power Equipment Co.,Ltd. stated during an investor inquiry session that the company launched an employee stock ownership plan last year, which includes performance targets for net profit attributable to shareholders excluding non-recurring gains and losses over a three-year period. This objective will be a key focus for the company in the coming two years. Regarding overseas revenue growth, the previously high growth rate was partly influenced by a low base effect. As the base number changes, such high growth rates are unlikely to be sustained long-term. However, even with a moderated growth pace, the increasing proportion of overseas revenue will continue to support the company’s overall performance.

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