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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

大多數股東可能會同意辰興發展控股有限公司(HKG:2286)的首席執行官薪酬
Simply Wall St ·  10/23 18:19

Key Insights

主要見解

  • 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%
  • 辰興發展控股將於10月30日舉行其年度股東大會
  • 白武奎首席執行官的總薪酬包括51萬人民幣工資
  • 總薪酬低於行業平均水平68%
  • 在過去的三年中,辰興發展控股的每股收益下降了124%,而在過去的三年中,股東的總損失爲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.

辰興發展控股有限公司(HKG:2286)最近的業績表現相當疲軟,股東們可能在想董事長白武奎將採取什麼措施。 他們可以通過投票表決對管理層施加影響力的一種方式是參與下個股東大會(AGM)上的決議,例如執行薪酬安排,該股東大會定於10月30日舉行。 設置適當的執行薪酬以與股東利益保持一致,也可能是從長遠來影響公司績效的一種方式。 我們準備了一些分析如下,以顯示CEO的薪酬看起來是合理的。

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

白武奎的總薪酬與該行業其他公司相比如何?

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.

我們的數據顯示,辰興發展控股有限公司的市值爲HK$37800萬,截至2023年12月的全年CEO總薪酬爲54.7萬人民幣。 值得注意的是,這比前一年增長了18%。 尤其是,51萬人民幣的工資佔到CEO獲得的總薪酬中的一大部分。

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,香港房地產行業市值低於16億港元的其他公司,報告的CEO總薪酬中位數爲170萬人民幣。 這表明白武奎的薪酬低於行業中位數。 更重要的是,白武奎在公司名下持有4100萬港元的股份,表明他們在遊戲中有很大的利益。

Component 2023 2022 Proportion (2023)
Salary CN¥510k CN¥433k 93%
Other CN¥37k CN¥31k 7%
Total Compensation CN¥547k CN¥464k 100%
組成部分 2023 2022 比例(2023)
薪資 510,000人民幣 433,000人民幣 93%
其他 人民幣37k 人民幣31k 7%
總補償 人民幣54.7萬 人民幣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.

在一個行業層面上,大約77%的總報酬代表工資,23%是其他報酬。值得注意的是,辰興發展控股通過工資支付了更大比例的報酬,與行業相比。如果工資佔總報酬的主要組成部分,這表明CEO獲得了更高固定比例的總報酬,而不受績效影響。

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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

查看辰興發展控股有限公司的增長數據

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%.

在過去三年裏,辰興發展控股有限公司每股收益每年下降了124%。在過去一年裏,其營業收入增長了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.

每股收益下降可能會引起某些投資者的關注。但另一方面,營業收入增長強勁,這意味着更美好的未來。這兩個指標的變化方向不同,因此雖然很難對績效進行肯定的評判,但我們認爲其值得關注。雖然我們沒有該公司的分析師預測,但股東們可能需要查看公司的歷史收益,營業收入和現金流量的詳細圖表。

Has Chen Xing Development Holdings Limited Been A Good Investment?

辰興發展控股有限公司是一個好投資嗎?

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.

過去三年,辰興發展控股有限公司股東中很少有人會對-64%的回報感到滿意。因此,如果CEO被慷慨地支付,股東可能會感到沮喪。

To Conclude...

總之...

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.

過去三年對股東的損失確實令人擔憂。股價表現下行趨勢可能歸因於盈利增長出現逆轉。在即將召開的股東大會上,股東們將有機會與董事會討論這些問題,並評估董事會的計劃是否有望改善公司表現。

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.

始終建議分析CEO薪酬,並徹底分析公司的關鍵績效領域。這就是爲什麼我們進行了研究,並確定了辰興發展控股的四個警示信號(其中三個可能相當嚴重!),這些信號應該使您全面了解這支股票。

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.

可以說,業務質量比CEO薪酬水平更爲重要。因此,請查看這個免費的有趣公司列表,這些公司具有高的淨資產收益率和較低的債務。

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.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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。

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