It's Unlikely That China Oil And Gas Group Limited's (HKG:603) CEO Will See A Huge Pay Rise This Year
It's Unlikely That China Oil And Gas Group Limited's (HKG:603) CEO Will See A Huge Pay Rise This Year
Key Insights
主要见解
- China Oil And Gas Group will host its Annual General Meeting on 21st of June
- Total pay for CEO Tie-liang Xu includes HK$22.6m salary
- Total compensation is 3,562% above industry average
- China Oil And Gas Group's EPS grew by 7.8% over the past three years while total shareholder loss over the past three years was 50%
- 中国石油和天然气集团将于6月21日举行年度股东大会。
- 许铁良CEO的薪酬总额为2260万港元。
- 总补偿比行业平均水平高出3562%。
- 过去三年,中国石油和天然气集团的每股收益增长了7.8%,而过去三年股东的总损失达到了50%。
The underwhelming share price performance of China Oil And Gas Group Limited (HKG:603) in the past three years would have disappointed many shareholders. Despite positive EPS growth in the past few years, the share price hasn't tracked the fundamental performance of the company. Shareholders may want to question the board on the future direction of the company at the upcoming AGM on 21st of June. They could also influence management through voting on resolutions such as executive remuneration. Here's our take on why we think shareholders may want to be cautious of approving a raise for the CEO at the moment.
过去三年,中国石油和天然气集团有限公司(港股代码:603)的股价表现不佳,让许多股东感到失望。尽管过去几年每股收益增长率为正,但股价未能跟上公司的基本表现。股东可能希望在6月21日即将举行的股东大会上向董事会就公司未来方向提问。他们也可以通过投票决定如高管薪酬等事项来对管理层施加影响。这里我们认为股东可能会谨慎批准CEO的加薪,以下是我们的理由。
Comparing China Oil And Gas Group Limited's CEO Compensation With The Industry
将中国石油和天然气集团有限公司的CEO薪酬与行业对比。
According to our data, China Oil And Gas Group Limited has a market capitalization of HK$976m, and paid its CEO total annual compensation worth HK$23m over the year to December 2023. That's a notable decrease of 18% on last year. In particular, the salary of HK$22.6m, makes up a huge portion of the total compensation being paid to the CEO.
根据我们的数据,中国石油和天然气集团有限公司的市值为97600万元,截至2023年12月,向其CEO支付的总年度补偿为2300万港元,相比去年下降了18%。特别是,2260万港元的薪水占CEO总补偿的很大一部分。
In comparison with other companies in the Hong Kong Gas Utilities industry with market capitalizations under HK$1.6b, the reported median total CEO compensation was HK$621k. Accordingly, our analysis reveals that China Oil And Gas Group Limited pays Tie-liang Xu north of the industry median. Moreover, Tie-liang Xu also holds HK$323m worth of China Oil And Gas Group stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
与市值在16亿港元以下的香港燃气公用事业行业中的其他公司相比,报道的CEO总中位数薪酬为62.1万港元。因此,我们的分析显示,中国石油和天然气集团向许铁良支付的薪酬高于行业中位数。此外,许铁良还直接持有价值32300万元的中国石油和天然气集团股票,这向我们展示了他在公司的重要利益。
Component | 2023 | 2022 | Proportion (2023) |
Salary | HK$23m | HK$28m | 99% |
Other | HK$138k | HK$138k | 1% |
Total Compensation | HK$23m | HK$28m | 100% |
组成部分 | 2023 | 2022 | 比例(2023) |
薪资 | 2300万港元 | 2800万港元 | 99% |
其他 | 13.8万港元 | 13.8万港元 | 1% |
总补偿 | 2300万港元 | 2800万港元 | 100% |
Speaking on an industry level, nearly 67% of total compensation represents salary, while the remainder of 33% is other remuneration. Investors will find it interesting that China Oil And Gas Group pays the bulk of its rewards through a traditional salary, instead of non-salary benefits. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
从行业层面来看,近67%的总补偿代表薪资,其余33%为其他报酬。投资者会发现,中国石油和天然气集团主要通过传统的薪资给予其员工报酬,而非薪酬福利等非薪资福利。如果总补偿偏向薪资,那么它相对于绩效设定的变量部分来说应该较低。
![ceo-compensation](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240615/0-a02c25947741cfcdd409cf5480b96110-0-468a63a90d31e3fda9b5587d796b1cad.png/big)
China Oil And Gas Group Limited's Growth
中国石油和天然气集团的增长。
China Oil And Gas Group Limited's earnings per share (EPS) grew 7.8% per year over the last three years. In the last year, its revenue is up 7.1%.
在过去三年中,中国石油和天然气集团有限公司的每股收益(EPS)年均增长7.8%。在上一年中,其营业收入增长了7.1%。
We're not particularly impressed by the revenue growth, but the modest improvement in EPS is good. It's clear the performance has been quite decent, but it it falls short of outstanding,based on this information. 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.
我们对营业收入增长并不特别满意,但EPS的小幅提高是好的。显然,表现已经相当不错,但它还没有达到杰出的水平,基于这些信息。我们没有分析师的预测,但您可以通过查看这个更详细的历史收益、营业收入和现金流图表来更好地了解它的增长情况。
Has China Oil And Gas Group Limited Been A Good Investment?
中国石油和天然气集团有限公司是一个好的投资吗?
Few China Oil And Gas Group Limited shareholders would feel satisfied with the return of -50% over three years. This suggests it would be unwise for the company to pay the CEO too generously.
在过去的三年中,很少有中国石油和天然气集团有限公司的股东会对他们的回报率达到-50%感到满意。这表明,太慷慨地支付CEO的薪酬是不明智的。
In Summary...
总之……
Tie-liang receives almost all of their compensation through a salary. Shareholders have not seen their shares grow in value, rather they have seen their shares decline. A huge lag in share price growth when earnings have grown may indicate there could be other issues that are affecting the company at the moment that the market is focused on. Shareholders would be keen to know what's holding the stock back when earnings have grown. These concerns should be addressed at the upcoming AGM, where shareholders can question the board and evaluate if their judgement and decision making is still in line with their expectations.
许铁良几乎所有的补偿都是通过薪水获得。股东们没有看到他们的股票升值,相反,他们看到股价下跌。在收益增长的情况下,股价增长的巨大滞后可能表明目前市场关注的可能还有其他问题。股东们都希望知道在何种情况下股票会回升。这些问题应该在即将举行的股东大会上得到解决,在那里股东们可以向董事会提问并评估他们的判断和决策是否仍符合他们的期望。
CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. That's why we did some digging and identified 1 warning sign for China Oil And Gas Group that investors should think about before committing capital to this stock.
CEO的补偿是需要密切关注的一个关键方面,但投资者也需要对业务表现相关的其他问题保持警惕。这就是为什么我们进行了一些调查,并针对中国石油天然气集团识别出了1个投资者在承诺资本投入这支股票之前应该考虑的警告信号。
Important note: China Oil And Gas Group 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.
重要提示:中国石油天然气集团是一只令人兴奋的股票,但我们了解到投资者可能正在寻找一张没有负债限制、拥有巨大回报的资产。您可能会在这个拥有高roe和低债务的有趣公司列表中找到更好的投资机会。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。