Lyad: the first three quarters of net profit growth of more than 5, intends to push ESOP

Yesterday (10) day, Riyadh released results notice, the company expects 1-9 in 2016 attributable to shareholders of listed companies net profit of 277 million 204 thousand and 200 yuan net profit -31416.48 million yuan, an increase of 50% to 70%. Profit of about 184 million 802 thousand and 800 yuan last year.

Lyad said that compared with the same period last year, the current increase in net profit is mainly due to the expansion of sales and orders increased.

In addition, Riyadh yesterday evening disclosed 2016 annual ESOP draft, plans to raise the total amount of funds up to 300 million yuan, lawful means other sources of funding for the company employees' legitimate compensation, self financing and permitted by laws and regulations.

Employee stock ownership plan to cap the size and the company's closing price of 30.60 yuan in September 30th, the number of shares held by the employee stock ownership plan can buy and hold the proportion of the total share capital of the company is not higher than 1.3%.

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