Shareholders May Be More Conservative With National Electronics Holdings Limited's (HKG:213) CEO Compensation For Now
Shareholders May Be More Conservative With National Electronics Holdings Limited's (HKG:213) CEO Compensation For Now
Key Insights
主要见解
- National Electronics Holdings to hold its Annual General Meeting on 23rd of August
- Salary of HK$3.36m is part of CEO James Lee's total remuneration
- The overall pay is 80% above the industry average
- National Electronics Holdings' three-year loss to shareholders was 36% while its EPS was down 28% over the past three years
- 国民电子控股将于8月23日举行年度股东大会
- 总薪酬中的336万港元是CEO James Lee的报酬之一
- 总薪酬比行业平均水平高80%
- 国民电子控股公司股东的三年损失为36%,而每股收益在过去三年内下降了28%
In the past three years, the share price of National Electronics Holdings Limited (HKG:213) has struggled to grow and now shareholders are sitting on a loss. In addition, the company's per-share earnings growth is not looking good, despite growing revenues. The AGM coming up on 23rd of August will be an opportunity for shareholders to have their concerns addressed by the board and for them to exercise their influence on management through voting on resolutions such as executive remuneration. Here's our take on why we think shareholders might be hesitant about approving a raise at the moment.
在过去的三年中,国民电子控股有限公司(HKG:213)的股价一直难以增长,现在股东们损失惨重。此外,尽管营业收入增长,但公司每股收益增长不佳。即将于8月23日举行的股东大会将是股东们就董事会的问题提出关注并通过投票决议,比如执行报酬等,对管理层施加影响的机会。以下是我们对为什么股东们可能会对目前批准报酬提出疑虑的看法。
Comparing National Electronics Holdings Limited's CEO Compensation With The Industry
与行业相比,国民电子控股有限公司的CEO薪酬如何
According to our data, National Electronics Holdings Limited has a market capitalization of HK$577m, and paid its CEO total annual compensation worth HK$3.4m over the year to March 2024. Notably, that's a decrease of 44% over the year before. Notably, the salary which is HK$3.36m, represents most of the total compensation being paid.
根据我们的数据,国民电子控股有限公司的市值为5,7700万港元,于2024年3月的一年内支付给其CEO的总年薪为340万港元。值得注意的是,这是比去年同期下降了44%。值得注意的是,336万港元的薪水占总薪酬的大部分。
On comparing similar-sized companies in the Hong Kong Luxury industry with market capitalizations below HK$1.6b, we found that the median total CEO compensation was HK$1.9m. This suggests that James Lee is paid more than the median for the industry.
我们比较了香港奢侈品行业市值低于16亿港元的同等规模公司,发现中位数总CEO报酬为190万港元。这表明James Lee相较于行业中位数有较高的薪酬水平。
Component | 2024 | 2023 | Proportion (2024) |
Salary | HK$3.4m | HK$6.1m | 98% |
Other | HK$68k | HK$68k | 2% |
Total Compensation | HK$3.4m | HK$6.1m | 100% |
组成部分 | 2024 | 2023 | 比例(2024年) |
薪资 | 344万港元 | 610万元港元 | 98% |
其他 | 68000港币 | 68000港币 | 2% |
总补偿 | 340万港元 | 610万元港元 | 100% |
Speaking on an industry level, nearly 91% of total compensation represents salary, while the remainder of 9% is other remuneration. National Electronics Holdings pays a high salary, concentrating more on this aspect of compensation in comparison to non-salary pay. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.
就业市场方面,近91%的总薪酬结构表明薪水是主要组成部分,其余9%是其他报酬。相较于非薪酬报酬,国民电子控股公司支付较高的薪水。如果薪水在总薪酬中占据主导地位,这表明CEO无论表现如何,都会获得更高的固定比例的总薪酬。
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National Electronics Holdings Limited's Growth
国民电子控股有限公司的发展
National Electronics Holdings Limited has reduced its earnings per share by 28% a year over the last three years. Its revenue is up 15% over the last year.
过去三年中,国民电子控股有限公司的每股收益年均下降28%。其营业收入在去年上涨了15%。
The reduction in EPS, over three years, is arguably concerning. On the other hand, the strong revenue growth suggests the business is growing. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. 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.
在过去三年中,EPS的下降可以说是令人担忧的。另一方面,强劲的营业收入增长表明该业务正在增长。总之,我们无法对业务绩效形成强烈的看法,但这是值得关注的。我们没有分析师的预测,但您可以通过查看更详细的历史收益,营业收入和现金流图表来更好地了解其增长情况。
Has National Electronics Holdings Limited Been A Good Investment?
国民电子控股有限公司是否是好的投资?
With a total shareholder return of -36% over three years, National Electronics Holdings Limited shareholders would by and large be disappointed. This suggests it would be unwise for the company to pay the CEO too generously.
在过去的三年中,国民电子控股有限公司的总股东回报率下降了36%,股东们普遍感到失望。这表明对公司慷慨地支付CEO薪酬是不明智的。
In Summary...
总之……
James receives almost all of their compensation through a salary. The loss to shareholders over the past three years is certainly concerning and possibly has something to do with the fact that the company's earnings haven't grown. In the upcoming AGM, shareholders will get the opportunity to discuss any issues with the board, including those related to CEO remuneration and assess if the board's plan is in line with their expectations.
James通过薪水几乎获得全部报酬。过去三年的股东亏损确实令人担忧,可能与公司的盈利未增长有关。在即将举行的股东大会上,股东们将有机会与董事会讨论任何问题,包括与CEO报酬相关的问题,并评估董事会的计划是否符合他们的预期。
CEO pay is simply one of the many factors that need to be considered while examining business performance. In our study, we found 4 warning signs for National Electronics Holdings you should be aware of, and 2 of them are a bit concerning.
CEO报酬只是需要在考虑企业绩效时考虑的众多因素之一。在我们的研究中,我们发现了有关国民电子控股的4个预警信号,您应该意识到,其中有2个有点令人担忧。
Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.
可以说,业务质量比CEO薪酬水平更为重要。因此,请查看这个免费的有趣公司列表,这些公司具有高的净资产收益率和较低的债务。
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