This Is Why Shareholders May Want To Hold Back On A Pay Rise For Mingfa Group (International) Company Limited's (HKG:846) CEO
This Is Why Shareholders May Want To Hold Back On A Pay Rise For Mingfa Group (International) Company Limited's (HKG:846) CEO
Key Insights
主要见解
- Mingfa Group (International) to hold its Annual General Meeting on 7th of June
- Salary of CN¥1.62m is part of CEO Xiaoming Zhong's total remuneration
- The overall pay is 49% below the industry average
- Mingfa Group (International)'s three-year loss to shareholders was 53% while its EPS was down 81% over the past three years
- 明发集团(国际)将于6月7日举行其年度股东大会。
- 总薪酬包括总经理钟晓明的年薪162万元人民币。
- 整体薪酬低于行业平均水平的49%。
- 在过去三年中,明发集团(国际)股东的亏损为53%,每股收益下降了81%。
The underwhelming performance at Mingfa Group (International) Company Limited (HKG:846) recently has probably not pleased shareholders. The next AGM coming up on 7th of June will be a chance for shareholders to have their concerns addressed by the board, challenge management on company strategy and vote on resolutions such as executive remuneration, which may help change the company's future prospects. From our analysis below, we think CEO compensation looks appropriate for now.
明发集团(国际)公司有限公司(HKG:846)最近表现不佳,可能不会让股东感到满意。即将到来的6月7日股东大会将为股东提供机会,让董事会解决他们关注的问题,挑战公司策略的管理层,并投票表决诸如高管报酬这样的决议,这可能有助于改变公司的未来前景。从我们下面的分析来看,我们认为CEO的报酬目前看起来是合适的。
How Does Total Compensation For Xiaoming Zhong Compare With Other Companies In The Industry?
钟晓明的总薪酬与行业其他公司相比如何?
Our data indicates that Mingfa Group (International) Company Limited has a market capitalization of HK$1.8b, and total annual CEO compensation was reported as CN¥1.6m for the year to December 2023. That's a fairly small increase of 4.4% over the previous year. Notably, the salary of CN¥1.6m is the entirety of the CEO compensation.
我们的数据表明,明发集团(国际)有限公司的市值为18亿元港元,截至2023年12月的CEO总薪酬为160万元人民币。与上一年相比,这是一个相对较小的增长4.4%。值得注意的是,薪资160万元人民币是CEO薪酬的全部。
For comparison, other companies in the Hong Kong Real Estate industry with market capitalizations ranging between HK$782m and HK$3.1b had a median total CEO compensation of CN¥3.2m. In other words, Mingfa Group (International) pays its CEO lower than the industry median.
相比之下,在香港房地产行业市值介于7820万元至31亿元之间的其他公司的CEO总薪酬中位数是320万元人民币。换句话说,明发集团(国际)支付给其CEO的薪水低于行业中位数。
Component | 2023 | 2022 | Proportion (2023) |
Salary | CN¥1.6m | CN¥1.6m | 100% |
Other | - | - | - |
Total Compensation | CN¥1.6m | CN¥1.6m | 100% |
组成部分 | 2023 | 2022 | 比例(2023) |
薪资 | CN¥1.6m | CN¥1.6m | 100% |
其他 | - | - | - |
总补偿 | CN¥1.6m | CN¥1.6m | 100% |
Talking in terms of the industry, salary represented approximately 77% of total compensation out of all the companies we analyzed, while other remuneration made up 23% of the pie. At the company level, Mingfa Group (International) pays Xiaoming Zhong solely through a salary, preferring to go down a conventional route. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
从行业角度来看,薪酬占所有受分析公司的总薪酬的大约77%,而其他薪酬占23%。在公司层面,明发集团(国际)仅通过薪水支付钟晓明,而更倾向于走传统路线。如果薪酬主导总薪酬,这意味着CEO薪酬更少地倾向于与绩效相关的变量组成部分。
![ceo-compensation](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240601/0-69c00d28c94e4df9c249ae9db9f595b7-0-9edcce1474e090ba52eed099b4afac6a.png/big)
A Look at Mingfa Group (International) Company Limited's Growth Numbers
看看明发集团(国际)公司有限公司的增长数字
Over the last three years, Mingfa Group (International) Company Limited has shrunk its earnings per share by 81% per year. Its revenue is down 9.9% over the previous year.
在过去三年中,明发集团(国际)公司有限公司的每股收益每年下降81%。其营业收入比上一年下降了9.9%。
Overall this is not a very positive result for shareholders. And the fact that revenue is down year on year arguably paints an ugly picture. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.
总体而言,这对股东来说并不是非常积极的结果。而营业收入年比年下降的事实可能描绘了一个丑陋的局面。这些因素表明,业务绩效并不能真正证明CEO应该获得高报酬。我们没有分析师预测,但您可以通过查看收益,营业收入和现金流更详细的历史图表来更好地了解其增长情况。
Has Mingfa Group (International) Company Limited Been A Good Investment?
明发集团(国际)公司有限公司是一个好的投资吗?
Few Mingfa Group (International) Company Limited shareholders would feel satisfied with the return of -53% over three years. Therefore, it might be upsetting for shareholders if the CEO were paid generously.
在过去三年中,明发集团(国际)公司有限公司的股东只获得了-53%的回报。因此,如果CEO薪酬过高,这可能会令股东感到沮丧。
In Summary...
总之……
Mingfa Group (International) pays CEO compensation exclusively through a salary, with non-salary compensation completely ignored. Not only have shareholders not seen a favorable return on their investment, but the business hasn't performed well either. Few shareholders would be willing to award the CEO with a pay raise. At the upcoming AGM, management will get a chance to explain how they plan to get the business back on track and address the concerns from investors.
明发集团(国际)只通过薪酬支付CEO薪酬,完全忽略非薪酬补偿。股东不仅没有看到投资的有利回报,而且业务表现也不佳。几乎没有股东会愿意为CEO提高薪资。在即将到来的股东大会上,管理层将有机会解释他们计划如何使业务回归轨道,并解决来自投资者的顾虑。
While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. We've identified 3 warning signs for Mingfa Group (International) that investors should be aware of in a dynamic business environment.
虽然CEO薪酬是重要的考虑因素,但投资者应该注意的还有其他方面。我们已经确定了明发集团(国际)的3个预警信号,投资者应该在充满活力的商业环境中注意这些信号。
Important note: Mingfa Group (International) is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
重要提醒:虽然明发集团(国际)是一个令人兴奋的股票,但我们了解到投资者可能寻找一张没有负担的资产负债表和巨大回报的股票。您可能会在具有高roe和低负债的有趣公司清单中找到更好的股票。
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