Jidong Cement lifted the ban and listed 1.066 billion shares, accounting for 40.10% of the company's total equity!

June 11, Jidong Cement (000401) announced that 1.066 billion restricted shares would be listed and circulated on June 16, 2025, accounting for 40.1016% of the company's total equity. After the lifting of the ban, the company's restricted shares are only 280 thousand shares, and the unrestricted tradable shares will increase to 2 billion 658 million shares. The

shareholder of the lifting of the ban is Beijing Jinyu Group Co., Ltd. Back to 2021, when Jinyu Group absorbed and merged Jinyu Jidong Cement (Tangshan) Co., Ltd., it subscribed for new shares of Jidong Cement. At that time, Jinyu Group made a 36-month commitment to restrict sales. Later, because the closing price of the company's stock at a specific time was lower than issue price, the lock-up period was automatically extended for six months until June 15, 2025.

Such a large-scale lifting of the ban on equity has undoubtedly brought great uncertainty to the market. For investors, the most important concern is whether Jinyu Group will reduce its holdings. Once Jinyu Group chooses to reduce its holdings, the stock supply in the market will increase substantially, which may cause greater downward pressure on the stock price of Jidong Cement. However, up to now, Jinyu Group has not made clear its follow-up operation plan, which makes it difficult for investors to prepare in advance.

At the beginning of this month, Jidong Cement also announced an equity incentive plan. On June 4, the company granted 26.58 million restricted shares to 245 incentive targets, accounting for 1% of the company's total equity, at a grant price of 3.41 yuan per share. Incentive targets include directors, executives and core technical and business personnel of the company. These restricted shares are A-shares of common stock repurchased by the company from the secondary market, which will be restricted for 24 months. The conditions for lifting the restriction are linked to the performance appraisal of the company and individuals, such as the cash return on net assets in 2026 is not less than 16.50%, and the growth rate of net profit deducted from non-return to the mother is not less than 145%. In the long run, the plan helps to enhance the enthusiasm of employees and the cohesion of the company, and has a certain positive significance for the development of the company.

However, it can not be ignored that the current performance of Jidong Cement is not ideal. In the first quarter of 2025, the company realized operating income of 3.903 billion yuan, while the net profit returned to the mother was 873 million yuan. Under the background of performance pressure, the large-scale lifting of the ban on equity will undoubtedly further aggravate the uncertainty of the market.

For investors, they need to pay close attention to the reduction trend of Jinyu Group and keep abreast of the latest news and announcements of the company. At the same time, we should also pay attention to the improvement of the company's performance to see if it can achieve the assessment objectives in the equity incentive plan. In operation, investors should be cautious, avoid blindly following the trend of investment, fully assess their risk tolerance, and rationally adjust their investment strategies to cope with the possible risk of stock price fluctuations. How Jidong Cement will deal with the lifting of the ban and performance problems in the future, its development trend deserves investors'close attention.