Kinwong Electronic releases restricted shares, reports 32% profit jump

Shenzhen Kinwong Electronic will release 4.5 million restricted shares to 402 employees on July 31, representing 40% of shares granted under its 2024 incentive plan.

The company reported 2024 operating revenue of 12.7 billion yuan, up 18% from 2023, while net profit jumped 31% to 1.2 billion yuan after accounting for share-based payment expenses.

Additionally, 2.5 million stock options become exercisable at 14.52 yuan per share, though some shares and options were cancelled due to unmet performance conditions.