On September 7, VGT (02476.HK) rose 3.49% in regular trading, trading at 205.8 HKD/share, with turnover of approximately 47.18 million HKD.
On the news front, the company previously disclosed both an A-share restricted stock incentive plan and a first-phase employee stock ownership plan, with both proposals scheduled for shareholder vote at an extraordinary general meeting on September 18. The incentive plan proposes granting 4.8624 million restricted shares to 1,545 mid-level managers and core personnel at a price of RMB 155.94 per share, representing a discount of approximately 30% to the current A-share price. The employee stock ownership plan has a fundraising cap of RMB 700 million, covering up to 564 employees with a 60-month duration. The dual plans signal management's intent to deepen alignment between employee and shareholder interests.
It is worth noting that VGT reported H1 revenue of RMB 11.629 billion, up 28.77% year-over-year, with net profit attributable to shareholders of RMB 2.857 billion, up 33.3%. Multiple fund houses, including Ruiyuan Fund and Quanguo Fund, recently conducted research visits, noting PCB gross margins reaching 40% driven by higher-end product mix.
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