Someone else's company! Provide loans for employees to buy houses. Employees | meet the conditions | borrow money
Gongjin Shares announced on the evening of June 12th that the company plans to use its own funds with a total amount not exceeding 50 million yuan to provide loans for eligible employees to purchase houses.
The company stated that the source of funds used for employee housing loans this time is its own funds and will not affect the development of the company's main business.
According to Wind data, as of the close on June 12th, the total number of shares traded was 10.16 yuan per share, an increase of 8.9%, with a market value of 8.1 billion yuan.
Assist young talents in purchasing property and settling down
For the reason of providing financial assistance to young employees, Gongjin Shares stated that it is mainly to enhance the company's vitality, better motivate and stabilize young talents, assist young talents in housing, strengthen the cohesion of the company's talent team, and enhance the company's competitiveness.
According to the announcement of Gongjin Shares, after the financial assistance proposal takes effect, the total amount of financial assistance provided by the company is 50 million yuan, all of which are financial assistance provided by the company for employees to purchase houses, accounting for 0.97% of the audited net assets of the company in 2022.
Within this limit, the loan repayment and unused amount by employees will be reused for subsequent employee housing loan applications. Employees applying for housing loans must sign a Loan Agreement with the company.
In principle, the maximum borrowing limit for employees is no more than 900000 yuan in first tier cities and no more than 600000 yuan in second tier cities. The final loan amount will be approved based on key factors such as the employee's performance and annual income for the past three consecutive years, in conjunction with the employee's application. The company's approval results will prevail.
For the loan term, interest, and penalty, according to the announcement of Gongjin Shares, if an employee repays the loan or at least repays 30% of the total loan amount within three years from the loan date, there is no need to pay loan interest or penalty for overdue repayment for the portion of the repayment; The employee shall pay a penalty for overdue repayment to the company at a rate of 1.3 times the interest rate of the People's Bank of China's five-year or more loan for the same period, which is not repaid to 30% of the total loan amount. The penalty shall be calculated from the date of borrowing. Starting from the first day of the fourth year from the date of borrowing, employees are required to pay loan interest on the outstanding repayment amount. The loan interest rate is based on the one-year deposit interest rate of the People's Bank of China for the same period. The above-mentioned loan interest should be paid to the company in a lump sum by employees at the end of the fourth year's loan period.
Gongjin Group pointed out that the main purpose of providing financial assistance this time is to alleviate the pressure on employees to purchase houses, motivate their work enthusiasm, better attract and retain key talents, enhance the company's competitiveness, and not affect the normal business development and fund use of the company. It does not fall under the circumstances where financial assistance is not allowed under the provisions of the Stock Listing Rules and the Normative Operation Guidelines.
Revenue decreased and net profit increased in the first quarter
Public information shows that the company takes product innovation as its core competitiveness, and is positioned as a provider of network communication products and system solutions, a provider of wireless intelligent applications, and an Internet health equipment and service provider. The products cover all kinds of broadband communication terminal equipment, Internet medicine, smart homes, etc.
According to the 2022 annual report of Gongjin Shares, during the reporting period, Gongjin Shares achieved a total operating income of 10.974 billion yuan, an increase of 1.53% year-on-year; Affected by the provision for impairment of goodwill of subsidiary Shandong Wenyuan of 269 million yuan, the company achieved a net profit attributable to shareholders of the listed company of 227 million yuan in 2022, a year-on-year decrease of 42.68%. The company plans to distribute a cash dividend of 1.3 yuan per 10 shares to all shareholders.
During the reporting period, the company continuously optimized its business structure based on market demand, strengthened its competitive advantage in basic business, accelerated the expansion of new businesses such as sensor packaging and testing, and automotive electronics, and achieved a main business revenue of 10.738 billion yuan, a year-on-year increase of 1.55%; The gross profit margin of the main business was achieved at 12.69%, an increase of 1.44 percentage points year-on-year. From a regional perspective, in 2022, the company's domestic and foreign revenue showed structural changes, achieving a domestic main business revenue of 4.762 billion yuan, accounting for 44.35% of the main business revenue; Realized overseas main business revenue of 5.976 billion yuan, accounting for 55.65% of the main business, a year-on-year increase of 15.94%.
Gongjin Group achieved a total operating revenue of approximately 2.123 billion yuan in the first quarter of 2023, a year-on-year decrease of 13.54%; The net profit attributable to shareholders of the listed company was approximately 76.4288 million yuan, a year-on-year increase of 52.03%.
According to the investor relationship record recently disclosed by Gongjin Shares, the first quarter saw a decrease in revenue but an increase in profits, mainly due to two factors. One was the decrease in material prices, resulting in a nearly three point increase in price difference compared to the same period last year; Secondly, overseas revenue actually increased year-on-year, but overall revenue decreased due to a decrease in domestic revenue.
