We Think Shareholders May Want To Consider A Review Of Wing Fung Group Asia Limited's (HKG:8526) CEO Compensation Package
We Think Shareholders May Want To Consider A Review Of Wing Fung Group Asia Limited's (HKG:8526) CEO Compensation Package
Key Insights
主要見解
- Wing Fung Group Asia's Annual General Meeting to take place on 6th of June
- CEO Chi Keung Chung's total compensation includes salary of HK$4.98m
- The overall pay is 182% above the industry average
- Wing Fung Group Asia's EPS declined by 79% over the past three years while total shareholder loss over the past three years was 93%
- 榮豐集團亞洲的年度股東大會將於6月6日舉行
- CEO鄭志強的總薪酬包括498萬港元的工資
- 總薪酬比行業平均水平高182%
- 過去三年榮豐集團亞洲的每股收益下降了79%,而股東的總虧損在過去三年達到了93%
The results at Wing Fung Group Asia Limited (HKG:8526) have been quite disappointing recently and CEO Chi Keung Chung bears some responsibility for this. At the upcoming AGM on 6th of June, shareholders can hear from the board including their plans for turning around performance. They will also get a chance to influence managerial decision-making through voting on resolutions such as executive remuneration, which may impact firm value in the future. From our analysis, we think CEO compensation may need a review in light of the recent performance.
榮豐集團亞洲有限公司(HKG:8526)的業績近期表現相當令人失望,CEO鄭志強對此要負一定的責任。在即將到來的6月6日股東大會上,股東可以聽取董事會的報告,包括他們的業績改進計劃。他們還有機會通過投票決定執行薪酬等議案,這可能會對未來的企業價值產生影響。從我們的分析來看,考慮到最近的表現,CEO的薪酬可能需要進行重新審視
How Does Total Compensation For Chi Keung Chung Compare With Other Companies In The Industry?
鄭志強的總薪酬與行業其他公司相比如何?
According to our data, Wing Fung Group Asia Limited has a market capitalization of HK$18m, and paid its CEO total annual compensation worth HK$6.1m over the year to December 2023. Notably, that's an increase of 13% over the year before. We note that the salary portion, which stands at HK$4.98m constitutes the majority of total compensation received by the CEO.
根據我們的數據,榮豐集團亞洲有限公司的市值爲1.8億港元,並於2023年12月付給其CEO總年薪酬價值6.1百萬港元。值得注意的是,這比前一年增加了13%。我們注意到,薪酬部分佔總薪酬的大部分,達到了498萬港元。
For comparison, other companies in the Hong Kong Construction industry with market capitalizations below HK$1.6b, reported a median total CEO compensation of HK$2.2m. This suggests that Chi Keung Chung is paid more than the median for the industry. Furthermore, Chi Keung Chung directly owns HK$9.1m worth of shares in the company, implying that they are deeply invested in the company's success.
相比之下,香港建造業市值低於1.6億港元的其他公司,報告的CEO薪酬中位數爲220萬港元。這意味着鄭志強的薪酬超過了行業中位數。此外,鄭志強直接擁有榮豐集團亞洲的910萬港元股票,這表明他們深度投資於公司的成功。
Component | 2023 | 2022 | Proportion (2023) |
Salary | HK$5.0m | HK$5.0m | 82% |
Other | HK$1.1m | HK$440k | 18% |
Total Compensation | HK$6.1m | HK$5.4m | 100% |
組成部分 | 2023 | 2022 | 比例(2023) |
薪資 | 500萬港元 | 500萬港元 | 82% |
其他 | 110萬港元 | 44萬港元 | 18% |
總補償 | 610萬港元 | 540萬港元 | 100% |
On an industry level, around 83% of total compensation represents salary and 17% is other remuneration. Although there is a difference in how total compensation is set, Wing Fung Group Asia more or less reflects the market in terms of setting the salary. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
在行業層面上,約83%的總薪酬代表工資,17%爲其他報酬。雖然公司在總薪酬設置方面有所不同,但榮豐集團亞洲在工資水平方面更或多或少反映了市場的情況。如果總薪酬偏向於薪資,這表明通常與業績掛鉤的變量部分較少。
![ceo-compensation](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240531/0-5339e7357e9069d8dd1b5ba987ec08a0-0-96363b8ec30eee192ba7ff24c4e4e6d5.png/big)
A Look at Wing Fung Group Asia Limited's Growth Numbers
榮豐集團亞洲有限公司的增長數字
Over the last three years, Wing Fung Group Asia Limited has shrunk its earnings per share by 79% per year. Its revenue is down 38% over the previous year.
在過去三年中,榮豐集團亞洲有限公司的每股收益年均下降了79%,營業收入比去年下降了38%。
Overall this is not a very positive result for shareholders. And the impression is worse when you consider revenue is down year-on-year. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.
總體而言,這對股東來說並不是一個非常積極的結果。而且當你考慮到營收年同比下降時,這種印象變得更加糟糕。這些因素表明,業績表現並不能證明CEO應該得到高額薪資。雖然我們沒有分析師預測,但您可能想評估這些豐富的數據可視化,包括業績、營業收入和現金流。
Has Wing Fung Group Asia Limited Been A Good Investment?
榮豐集團亞洲有限公司是一個好的投資嗎?
Few Wing Fung Group Asia Limited shareholders would feel satisfied with the return of -93% over three years. So shareholders would probably want the company to be less generous with CEO compensation.
在過去的三年裏,榮豐集團亞洲有限公司的股東中沒有幾個會對-93%的回報感到滿意。因此,股東們可能希望公司在首席執行官的薪酬上變得不那麼慷慨。
To Conclude...
總之...
Along with the business performing poorly, shareholders have suffered with poor share price returns on their investments, suggesting that there's little to no chance of them being in favor of a CEO 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.
隨着公司業績的疲軟,股東們在其投資上的股價回報也很差,這表明他們極不可能贊成提高首席執行官的薪酬。在即將到來的股東大會上,管理層將有機會解釋他們計劃如何使業務恢復正常並應對投資者的關切。
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 Wing Fung Group Asia that investors should be aware of in a dynamic business environment.
雖然首席執行官的薪酬是需要注意的一個重要因素,但投資者還應該注意其他方面。在這樣一個充滿活力的商業環境中,我們已經爲榮豐集團亞洲標識出了3個投資者需要注意的警示信號。
Important note: Wing Fung Group Asia 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:榮豐集團亞洲是一隻令人興奮的股票,但我們了解投資者可能正在尋找一個沒有負擔的資產負債表和巨大回報的公司。您可以在這個列表中找到更好的有高roe和低債務的有趣公司。
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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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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。