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Haier Smart Home Co., Ltd. Class H ( (HK:6690) ) has shared an announcement.
Haier Smart Home has cancelled a series of share options under its 2021 and 2022 A share option incentive schemes after failing to meet preset profit growth targets tied to net profit attributable to the parent in 2025. The required compound annual growth rate of at least 15% over 2021 was missed, with the company achieving 10.60%, triggering the cancellation mechanisms embedded in both schemes.
Under the 2021 incentive plan, 8,409,355 share options from first and reserved grants to 364 participants will be cancelled, while the 2022 plan will see 23,547,639 options to 1,667 participants scrapped after the fourth exercise period targets were not met. Haier said the move will not materially affect its financial position or operating results, and emphasized that management remains committed to fulfilling its duties and creating value for shareholders.
The most recent analyst rating on (HK:6690) stock is a Hold with a HK$23.00 price target. To see the full list of analyst forecasts on Haier Smart Home Co., Ltd. Class H stock, see the HK:6690 Stock Forecast page.
More about Haier Smart Home Co., Ltd. Class H
Haier Smart Home Co., Ltd. is a China-based home appliance manufacturer focused on smart home solutions, selling products such as refrigerators, washing machines and other household devices. Listed in Hong Kong, the company targets both domestic and international markets with technology-driven, connected home offerings.
Average Trading Volume: 17,026,940
Technical Sentiment Signal: Sell
Current Market Cap: HK$210.6B
See more data about 6690 stock on TipRanks’ Stock Analysis page.