We Think Shareholders May Want To Consider A Review Of SANVO Fine Chemicals Group Limited's (HKG:301) CEO Compensation Package
We Think Shareholders May Want To Consider A Review Of SANVO Fine Chemicals Group Limited's (HKG:301) CEO Compensation Package
Key Insights
主要見解
- SANVO Fine Chemicals Group will host its Annual General Meeting on 28th of June
- Salary of CN¥214.0k is part of CEO Ernest Chen's total remuneration
- Total compensation is similar to the industry average
- SANVO Fine Chemicals Group's three-year loss to shareholders was 2.3% while its EPS was down 55% over the past three years
- 三和精化集團將於6月28日舉行年度股東大會。
- 三和精化集團首席執行官陳崢的總薪酬中包括CN¥214k的薪資。
- 總補償與行業平均水平相似
- 三和精化集團的三年股東虧損達2.3%,而過去三年EPS下降了55%。
Shareholders will probably not be too impressed with the underwhelming results at SANVO Fine Chemicals Group Limited (HKG:301) recently. At the upcoming AGM on 28th of June, shareholders can hear from the board including their plans for turning around performance. This will be also be a chance where they can challenge the board on company direction and vote on resolutions such as executive remuneration. We present the case why we think CEO compensation is out of sync with company performance.
SANVO Fine Chemicals Group Limited(HKG:301)最近的業績欠佳可能不會讓股東們太滿意。 在即將到來的6月28日股東大會上,除了聽取董事會的計劃來挽回業績之外,股東們還有機會質疑公司的方向並投票表決提案,例如執行薪酬。 我們提出原因,認爲CEO的薪酬與公司業績不相符。
Comparing SANVO Fine Chemicals Group Limited's CEO Compensation With The Industry
將三和精化集團有限公司的CEO薪酬與該行業進行比較。
At the time of writing, our data shows that SANVO Fine Chemicals Group Limited has a market capitalization of HK$564m, and reported total annual CEO compensation of CN¥1.2m for the year to December 2023. Notably, that's a decrease of 12% over the year before. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at CN¥214k.
截至撰寫本文時,我們的數據顯示,SANVO Fine Chemicals Group Limited的市值爲港幣56400萬,並於2023年12月年度報告中報告總CEO薪酬爲CN¥120萬。 值得注意的是,相對前一年減少了12%。儘管這項分析側重於總薪酬,但值得承認的是,薪資部分更加低,爲CN¥21.4萬。
In comparison with other companies in the Hong Kong Chemicals industry with market capitalizations under HK$1.6b, the reported median total CEO compensation was CN¥1.6m. So it looks like SANVO Fine Chemicals Group compensates Ernest Chen in line with the median for the industry. What's more, Ernest Chen holds HK$414m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
與市值在16億元以下的香港化學品行業中的其他公司相比,報告的中位數總CEO薪酬爲CN¥160萬。 所以看起來三和精化集團給予陳崢的薪酬符合該行業的中位數。而另一方面,陳崢以自己的名義持有香港41400萬港元的公司股份,這表明他們在遊戲中擁有大量股份。
Component | 2023 | 2022 | Proportion (2023) |
Salary | CN¥214k | CN¥214k | 18% |
Other | CN¥967k | CN¥1.1m | 82% |
Total Compensation | CN¥1.2m | CN¥1.3m | 100% |
組成部分 | 2023 | 2022 | 比例(2023) |
薪資 | CN¥214k | CN¥214k | 18% |
其他 | CN¥967k | 人民幣1.1百萬 | 82% |
總補償 | 120萬人民幣 | 130萬元人民幣 | 100% |
On an industry level, around 74% of total compensation represents salary and 26% is other remuneration. In SANVO Fine Chemicals Group's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.
在行業層面上,約74%的總薪酬代表薪資,26%則是其他薪酬。 在SANVO Fine Chemicals Group的情況下,非薪資薪酬佔據了總薪酬的更大比例,相比其他行業而言。 如果總薪酬偏向非薪資福利,這表明CEO的薪酬與公司業績息息相關。
![ceo-compensation](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240622/0-78f697c426b8314c8cb575d6328a1458-0-6b7abb810efd3675009beb9a33019bf9.png/big)
A Look at SANVO Fine Chemicals Group Limited's Growth Numbers
三和精化集團的成長數字。
Over the last three years, SANVO Fine Chemicals Group Limited has shrunk its earnings per share by 55% per year. It achieved revenue growth of 14% over the last year.
在過去的三年中,SANVO Fine Chemicals Group Limited每年的每股收益下降了55%。 它在過去一年實現了14%的收入增長。
The decline in EPS is a bit concerning. And while it's good to see some good revenue growth recently, the growth isn't really fast enough for us to put aside my concerns around EPS. It's hard to argue the company is firing on all cylinders, so shareholders might be averse to high CEO remuneration. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.
EPS下降有點令人擔憂。 雖然最近有一些不錯的收入增長,但增長並不夠快,以至於我們無法放棄對EPS的擔憂。 很難說公司正處於全速運轉狀態,因此股東可能會抵制高CEO薪酬。 儘管我們沒有分析師預測,您可能想評估這個數據豐富的盈利,收入和現金流可視化。
Has SANVO Fine Chemicals Group Limited Been A Good Investment?
SANVO Fine Chemicals Group Limited是否是一個好的投資?
Since shareholders would have lost about 2.3% over three years, some SANVO Fine Chemicals Group Limited investors would surely be feeling negative emotions. This suggests it would be unwise for the company to pay the CEO too generously.
由於股東在三年內損失了約2.3%,因此一些SANVO Fine Chemicals Group的投資者肯定會感到消極情緒。 這表明爲公司支付過高的CEO薪酬是不明智的。
In Summary...
總之……
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, they can question the management's plans and strategies to turn performance around and reassess their investment thesis in regards to the company.
股東不僅沒有看到投資的良好回報,而且公司的業績也不佳。很少有股東願意繼續提高CEO的薪酬待遇。在即將到來的股東大會上,他們可以對管理層的計劃和策略提出質疑,以扭轉公司的業績,並重新評估他們的公司投資結論。
CEO pay is simply one of the many factors that need to be considered while examining business performance. In our study, we found 3 warning signs for SANVO Fine Chemicals Group you should be aware of, and 2 of them can't be ignored.
在檢查業務表現時,CEO薪酬僅是衆多因素之一。 在我們的研究中,我們發現3個可以警惕三和精化集團的投資要素,其中2個不能忽略。
Important note: SANVO Fine Chemicals 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:三和精化集團是一支令人興奮的股票,但我們了解投資者可能正在尋找資產負債表乾淨和回報率高的股票。 在這個擁有高roe和低負債的有趣公司名單中,您可能會找到更好的選擇。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。