The principle of adaptability requi

The principle of adaptability requires that the adjustment of the stock holding structure should comprehensively take into account the stage of development of the enterprise, the characteristics of the industry and the characteristics of the enterprise itself. As far as the development stage of a company is concerned, capital is like gasoline in the early stages of development, which is an indispensable factor in starting a company. However, if the company's development progressed in the right direction and had good financial operations mechanisms, improvements in development concepts and strategic layout became a milestone for companies to "go to the next level." At present, capital like human resources, technology and management means more important. The different positions occupied by the various corporate elements in different periods determine that the stock holding structure must change over time to become a positive element of promoting the company. In terms of industry characteristics, the traditional industry is more dependent on capital, people and markets, so the adjustment of the stock holding structure is relatively passive, and the active development of emerging industries is more dependent on technology and talent, so the adjustment of the holding structure will be more Key Focus on equity incentives for technical talent.