Zhejiang Tianzhen Technology Co. Ltd. A

Tianzhen Shares disclosed its 2026 semi-annual report on August 29. In the first half of the year, it achieved total operating revenue of 737 million yuan, down 7.39% year on year. Net profit attributable to the parent company was 59.91 million yuan, up 21.06% year on year. Net profit after deducting non-recurring items was 52.66 million yuan, up 19.20% year on year. Net cash flow from operating activities was 71.20 million yuan, up 11.32% year on year. Basic earnings per share were 0.28 yuan, and the weighted average return on equity was 2.00%. The company is mainly engaged in the research, development, production, and sales of PVC composite flooring and new RPET composite flooring. As of the end of the first half of the year, the company's inventory book value was 303 million yuan, accounting for 10.3% of net assets. The inventory impairment provision was 52.12 million yuan, with a provision ratio of 14.67%. The current ratio was 7.27, and the quick ratio was 6.21.

Tianzhen Shares disclosed the draft of its 2026 restricted stock incentive plan, proposing to grant a total of 1.55 million Class I restricted shares to six incentive recipients, accounting for approximately 0.718% of the company's total share capital, at a grant price of 9.72 yuan per share. The recipients include Vice President and Board Secretary Wu Dijun, who will receive 550,000 shares, and five mid-level managers, core technical staff, and key business personnel, who will collectively receive 1 million shares. The incentive plan has a maximum validity period of 60 months and will be unlocked in three tranches, with unlocking ratios of 40%, 30%, and 30% respectively. The performance assessment uses 2025 annual operating revenue and net profit attributable to shareholders of the listed company as the baseline, with target growth rates for 2026 to 2028 set at 15%, 30%, and 45% respectively, and trigger values at 12%, 24%, and 36%. Meeting either indicator is sufficient.