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Most Shareholders Will Probably Agree With Chen Xing Development Holdings Limited's (HKG:2286) CEO Compensation

Most Shareholders Will Probably Agree With Chen Xing Development Holdings Limited's (HKG:2286) CEO Compensation

大多数股东可能会同意辰兴发展控股有限公司(HKG:2286)的首席执行官薪酬
Simply Wall St ·  10/23 18:19

Key Insights

主要见解

  • Chen Xing Development Holdings will host its Annual General Meeting on 30th of October
  • Total pay for CEO Wukui Bai includes CN¥510.0k salary
  • The overall pay is 68% below the industry average
  • Over the past three years, Chen Xing Development Holdings' EPS fell by 124% and over the past three years, the total loss to shareholders 64%
  • 辰兴发展控股将于10月30日举行其年度股东大会
  • 白武奎首席执行官的总薪酬包括51万人民币工资
  • 总薪酬低于行业平均水平68%
  • 在过去的三年中,辰兴发展控股的每股收益下降了124%,而在过去的三年中,股东的总损失为64%

The performance at Chen Xing Development Holdings Limited (HKG:2286) has been rather lacklustre of late and shareholders may be wondering what CEO Wukui Bai is planning to do about this. One way they can exercise their influence on management is through voting on resolutions, such as executive remuneration at the next AGM, coming up on 30th of October. Setting appropriate executive remuneration to align with the interests of shareholders may also be a way to influence the company performance in the long run. We have prepared some analysis below to show that CEO compensation looks to be reasonable.

辰兴发展控股有限公司(HKG:2286)最近的业绩表现相当疲软,股东们可能在想董事长白武奎将采取什么措施。 他们可以通过投票表决对管理层施加影响力的一种方式是参与下个股东大会(AGM)上的决议,例如执行薪酬安排,该股东大会定于10月30日举行。 设置适当的执行薪酬以与股东利益保持一致,也可能是从长远来影响公司绩效的一种方式。 我们准备了一些分析如下,以显示CEO的薪酬看起来是合理的。

How Does Total Compensation For Wukui Bai Compare With Other Companies In The Industry?

白武奎的总薪酬与该行业其他公司相比如何?

Our data indicates that Chen Xing Development Holdings Limited has a market capitalization of HK$378m, and total annual CEO compensation was reported as CN¥547k for the year to December 2023. Notably, that's an increase of 18% over the year before. In particular, the salary of CN¥510.0k, makes up a huge portion of the total compensation being paid to the CEO.

我们的数据显示,辰兴发展控股有限公司的市值为HK$37800万,截至2023年12月的全年CEO总薪酬为54.7万人民币。 值得注意的是,这比前一年增长了18%。 尤其是,51万人民币的工资占到CEO获得的总薪酬中的一大部分。

For comparison, other companies in the Hong Kong Real Estate industry with market capitalizations below HK$1.6b, reported a median total CEO compensation of CN¥1.7m. This suggests that Wukui Bai is paid below the industry median. What's more, Wukui Bai holds HK$41m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

相比之下,香港房地产行业市值低于16亿港元的其他公司,报告的CEO总薪酬中位数为170万人民币。 这表明白武奎的薪酬低于行业中位数。 更重要的是,白武奎在公司名下持有4100万港元的股份,表明他们在游戏中有很大的利益。

Component 2023 2022 Proportion (2023)
Salary CN¥510k CN¥433k 93%
Other CN¥37k CN¥31k 7%
Total Compensation CN¥547k CN¥464k 100%
组成部分 2023 2022 比例(2023)
薪资 510,000人民币 433,000人民币 93%
其他 人民币37k 人民币31k 7%
总补偿 人民币54.7万 人民币464k 100%

On an industry level, roughly 77% of total compensation represents salary and 23% is other remuneration. It's interesting to note that Chen Xing Development Holdings pays out a greater portion of remuneration through salary, compared to the industry. 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.

在一个行业层面上,大约77%的总报酬代表工资,23%是其他报酬。值得注意的是,辰兴发展控股通过工资支付了更大比例的报酬,与行业相比。如果工资占总报酬的主要组成部分,这表明CEO获得了更高固定比例的总报酬,而不受绩效影响。

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SEHK:2286 CEO Compensation October 23rd 2024
SEHK:2286 CEO薪酬2024年10月23日

A Look at Chen Xing Development Holdings Limited's Growth Numbers

查看辰兴发展控股有限公司的增长数据

Over the last three years, Chen Xing Development Holdings Limited has shrunk its earnings per share by 124% per year. In the last year, its revenue is up 22%.

在过去三年里,辰兴发展控股有限公司每股收益每年下降了124%。在过去一年里,其营业收入增长了22%。

The decrease in EPS could be a concern for some investors. But on the other hand, revenue growth is strong, suggesting a brighter future. These two metrics are moving in different directions, so while it's hard to be confident judging performance, we think the stock is worth watching. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.

每股收益下降可能会引起某些投资者的关注。但另一方面,营业收入增长强劲,这意味着更美好的未来。这两个指标的变化方向不同,因此虽然很难对绩效进行肯定的评判,但我们认为其值得关注。虽然我们没有该公司的分析师预测,但股东们可能需要查看公司的历史收益,营业收入和现金流量的详细图表。

Has Chen Xing Development Holdings Limited Been A Good Investment?

辰兴发展控股有限公司是一个好投资吗?

Few Chen Xing Development Holdings Limited shareholders would feel satisfied with the return of -64% over three years. Therefore, it might be upsetting for shareholders if the CEO were paid generously.

过去三年,辰兴发展控股有限公司股东中很少有人会对-64%的回报感到满意。因此,如果CEO被慷慨地支付,股东可能会感到沮丧。

To Conclude...

总之...

The loss to shareholders over the past three years is certainly concerning. The downward trend in share price performance may be attributable to the the fact that earnings growth has gone backwards. In the upcoming AGM, shareholders will get the opportunity to discuss these concerns with the board and assess if the board's plan is likely to improve company performance.

过去三年对股东的损失确实令人担忧。股价表现下行趋势可能归因于盈利增长出现逆转。在即将召开的股东大会上,股东们将有机会与董事会讨论这些问题,并评估董事会的计划是否有望改善公司表现。

It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. That's why we did our research, and identified 4 warning signs for Chen Xing Development Holdings (of which 3 are potentially serious!) that you should know about in order to have a holistic understanding of the stock.

始终建议分析CEO薪酬,并彻底分析公司的关键绩效领域。这就是为什么我们进行了研究,并确定了辰兴发展控股的四个警示信号(其中三个可能相当严重!),这些信号应该使您全面了解这支股票。

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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。

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