Remuneration of executives in auto companies announced: BYD's management team has a total of 66.12 million


In 2017, the annual report on auto company annual report disclosure has gradually fallen, and the market will once again focus on the executive compensation of auto listed companies. In fact, the car executives' remuneration can not only reflect the financial and management status of auto companies from the side, but also reflect the changes and trends in the auto market capital and talents.

As of April 14, 2018, according to the statistics of iFinD of Flushing (47.500, -2.66, -5.30%), 16 auto vehicle listed companies announced the 2017 annual financial report. According to the salary statistics of the manager of the "Securities Daily" reporter, BYD (53.590, -1.33, -2.42%) paid the total amount of 661.2 million yuan to the top of the number of car manufacturers; Great Wall Motor ranked second, with a total remuneration of 23.643 million yuan. yuan. Foton Motors (2.440, -0.02, -0.81%) ranked third, with a total remuneration of 22.2 million yuan.

In respect of executive remuneration, BYD beat Great Wall Motors in the top three positions in the auto company's salary list, among which Lien Yubo, the vice president, reelected the first for 6.85 million yuan, and Wu Jingsheng, the vice president and chief financial officer, and Wang Chuanfu, the chairman of the company, respectively, with 6.15 million yuan. With RMB 5.79 million divided into second and third place; due to the failure to complete the previously set annual sales target of 1.25 million, Great Wall Motor Chairman Wei Jianjun and vice chairman, executive director and general manager Wang Fengying will pay a yearly salary of RMB 2,781,100 and 354.99. The annual salary income of 10,000 yuan not only caused it to lose the seats of the Asian and the third runner-ups, but also ranked ten out of ten.

According to industry insiders, the private-listed companies’ ability to create wealth has always been striking, but it cannot be denied that the high pay of these executives is closely related to the operation of the company. On the other hand, there is still room for adjustment in the payment system of state-owned car companies, and the organic combination of operating performance and the value of the management should be combined.

Private car prices led the list

According to the statistics of HuaFeng iFinD, the top three annual salary statistics of vehicle management company listed companies are BYD's 66.12 million yuan, Great Wall Motor's 23.6341 million yuan and Foton Motor's 22.2 million yuan. Its net profit attributable to the parent company was 4.06 billion yuan, 5.035 billion yuan and 112 million yuan, respectively, down 19.7%, 52.28%, and 80.25% over the same period of last year.

The companies with the lowest pay rankings include Haima Motors (4.250, -0.34, -7.41%), Valin Xingma (4.870, -0.14, -2.79%) and Ankai Bus (5.990, -0.24, -3.85%). The total amount was 4,470,100 yuan, 3.59 million yuan and 2,726,200 yuan respectively.

The reporter noted that the 2017 salary rankings still maintain the significant characteristics that the price of executives of private enterprises is much higher than that of state-owned enterprises and the value of executives of parts and components companies is higher than that of vehicles. The senior executives with the highest salary rankings are almost all from private enterprises.

As the highest-paying executive in the A-share vehicle company in 2016, Lian Yubo, vice president of BYD, is still the top performer with an annual salary of 6.85 million yuan to become the highest paid executive in 2017; vice president and chief financial officer Wu Jingsheng has 6.15 million yuan. Ranked second. It is worth mentioning that, as Vice President of BYD Company, Lian Yubo was more than 1 million yuan more than President Wang Chuanfu’s annual salary.

In terms of Great Wall Motors, Hao Jianjun, deputy general manager of the company, ranked first in the company with 4.23 million yuan in annual salary, and Hu Shujie ranked second with 4.2323 million yuan; due to the failure to complete the established annual sales target of 1.25 million vehicles, self-punishment was 2 million yuan and 3 million. After the Yuan, the annual salary of Vice Chairman, Executive Director, General Manager of Great Wall Motors Wang Fengying and Chairman Wei Jianjun fell to 3.549 million yuan and 2,782.1 thousand yuan, ranking third and fourth respectively; the top three companies in Futian Automobile's annual salary Deputy general manager Wei Yanqin, general manager Gong Yueqiong and deputy general manager Song Shushan, with annual salary of 4.26 million yuan, 1.47 million yuan, and 1.39 million yuan respectively.

In addition, the "Securities Daily" reporter found that the executive compensation of private enterprises is less affected by the company's performance. The data shows that in 2017, BYD, Great Wall Motors and Foton Motor's net profit attributable to the parent company declined at different levels compared to the same period of last year, but it did not seem to have a significant impact on executive compensation, and individual executive pay even appeared. A sharp rise.

According to industry insiders, the annual salary of executives is only a reflection of the labor returns at a certain stage. If the value of equity is taken into account, in fact, the car executives have amazing wealth. Take BYD's closing price of 55.60 yuan on April 13 as an example. Wang Chuanfu owns 510 million shares and the total equity price exceeds 28.3 billion yuan. According to the latest Hurun Rich List, Great Wall Motors Chairman Wei Jianjun and his wife have reached 46 billion yuan. The giant.

SAIC executives increase salaries by 30%

In the listed companies of the entire vehicle, due to the high level of compensation of the executives of state-owned enterprises, the executive compensation of the private enterprises is generally higher than that of the executives of the state-owned enterprises, and it is in contrast with the top-ranking private car companies, who are moving at a few million yuan. Although the overall profit of state-owned car companies is huge, executive salaries are generally flat. This is particularly evident at state-owned holding company SAIC.

According to the data, in 2017, SAIC Motor Group achieved 6.93 million vehicles sales in the year, and the net profit attributable to the shareholders of the listed company was 34.41 billion yuan, an increase of 7.51% year-on-year. It continued to lead the sales of domestic automakers.

According to the statistics of HuaFeng iFinD, in 2017, SAIC Motor’s 23 senior executives received salaries totaling RMB 20,856,500. Compared with the total of RMB 18,888,200 for 20 senior executives in 2016, the average salary of SAIC executives rose from 694,100 yuan to 906,800 yuan within one year, an increase of over 30%.

In terms of specific individuals, in 2016, SAIC Group’s executive compensation was directly reduced to below RMB 1 million under the influence of state-owned enterprise salary reform policies. The company’s president Chen Zhixin’s annual salary is only 900,000 yuan, a drop of 60%; Chairman Chen Hong slipped to 863,100 yuan, and vice president Zhou Langhui dropped to 748,800 yuan.

One year later, in 2017, the above executives received remuneration from the company of 1,792,700 yuan and 1,283,300 yuan of 1,161,300 yuan, up by 99.19%, 48.68% and 105.31% respectively.

"Securities Daily" reporter found that the state-owned auto company executives are generally concentrated in the annual salary of 1 million to 2 million in the range. Among them, Jiangling Motors (13.290, -0.26, -1.92%) directors Xiong Chunying annual salary of 1.91 million yuan, Vice President Wu Xiaojun annual salary of 1.69 million yuan; Yutong Bus (22.110, -0.31, -1.38%) Chairman Tong Yuxiang and general manager Niu Bo The annual salary is the same as 1.6 million yuan; Guangqi Group (18.920, -0.68, -3.47%) Chairman Zeng Qinghong, General Manager Feng Xingya earns 1,189.8 thousand yuan and 1,145,100 yuan respectively; in addition, the company may also welcome the director of Shuguang Group, which has stake in Huatai Auto. The long-term salary of Li Jinsheng is 1,322,000 yuan, and the annual salary of President Liang Wenli is 1,171,000 yuan.

For the state-owned auto companies that rank higher, the salary of senior executives is slightly shabby. In stark contrast to the “million-yuan echelon”, Tian Fang, the general manager of FAW Xiali (3.970, -0.10, -2.46%), had an annual salary of 6.227 million yuan; and the annual salary of Ankai passenger coach Chabao was only 298,200 yuan. China National Heavy Duty Truck (13.540, -0.32, -2.31%) Yu Ruiqun, general manager of annual salary of 580,000 yuan, compared to Futian Deputy General Manager Wei Yan Qin 426 million yuan of annual salary difference of up to 7 times.



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