Nearly 70% of textile and apparel company executives raise salary
Li Ning’s total loss-reward salary rose 1.6 times year-on-year
â– Reporter
According to statistics from the straight flush, 83 textile companies listed in the A-share market and Hong Kong stocks disclosed a total of 80 executives. Among them, the total executive compensation of 57 listed companies was up year-on-year, that is, there were Nearly 70% of the executives of textile and apparel listed companies have seen “increasing salariesâ€.
It is worth noting that among the 57 listed companies with “increased salaryâ€, the total executive compensation of Xinrongyu Group ranked first in the executive salary increase list with a high increase of 580.55%, and Li Ning, which has turned losses into profit, Then it ranked second with an increase of 156.07%.
Nearly 70% of company executives raise salary
The Securities Daily reporter compiled the statistics of the straight flush and found that among the textile and apparel listed companies, the total of 83 A-share and Hong Kong-based companies disclosed the total amount of executive compensation. Among them, there are 40 companies in the listed companies with total executive compensation of more than 5 million yuan.
The total annual salary of executives of 13 listed companies, such as Chaoying International Holdings, Giordano International, Lutai A, Luen Thai Holdings, Yongjia Group, Jinlilai Group, Huijie, Tianhong Textile, Libang, Li Ning, Xunjie Global Holdings, and An Lifang Holdings Ten thousand yuan.
Among them, the annual salary of the executives of Chaoying International Holdings, Giordano International, Lutai A, Luen Thai Holdings, Yongjia Group and Jinlilai Group exceeded RMB 20 million. Among the above six companies, five companies are Hong Kong stocks, and only one company of Lutai A is an A share.
It is worth noting that the data shows that among the 83 companies mentioned above, 57 of the company's executives in 2016 achieved a year-on-year increase in total compensation. Among them, 34 companies have received more than 10% of executive compensation; and of these 34 companies, 22 companies have increased their executive compensation by more than 20%.
In addition, the executive compensation of 14 listed companies such as Xinrongyu Group, Lining, Chaoying International Holdings, Hengbao Enterprise Holdings, Huading Holdings, Hosa International, La Chapelle and Jiansheng Group increased by more than 30% year-on-year. The Hongrong Group of Hong Kong stocks ranked first in the gains with 580.55%.
It is understood that the company's main business is the manufacture and sale of elastic fabrics, elastic webbing and lace for the production of women's underwear. According to the annual report, in 2016, the company's net profit was 456 million yuan, a year-on-year increase of 33.3%.
However, in view of the low base calculation of the new executive compensation of the new Rongyu Group in 2015, the total amount of executive compensation in 2016 was only 3.5572 million yuan. The new Rongyu Group was far less than the high-income increase of Li Ning's executive compensation.
The data shows that Li Ning's total executive compensation in 2016 was 15.113 million yuan, an increase of 156.07% over the 2015 figure of 5.902 million yuan, which is equivalent to a 1.6-fold increase in the total compensation of company executives in 2016.
The Securities Daily reporter reviewed the company's annual report and found that during the reporting period, the company achieved operating income of 8.015 billion yuan, an increase of 13.06%; net profit was 643 million yuan, an increase of 44.92 times, including the net income of selling 10% of Double Happiness 3.13 100 million yuan. In terms of brands and product categories, the core brand Li Ning brand's 2016 operating income was 7.925 billion yuan, accounting for 98.9% of the group's total revenue.
Sancheng company executives pay cuts
Compared with the above-mentioned listed companies with nearly 70% increase in salary, there are still 30% of listed companies in 2016 with “reduction of salaryâ€. Among them, 12 companies have lost more than 10% of their annual salary. Only China Aviation Industry International, Far East Holding International, and Busen AG have three companies with a “reduction in wages†of over 30%.
It is worth noting that listed companies with a salary reduction of more than 10% are listed companies with relatively small executive compensation, all of which are below 10 million yuan.
The "Securities Daily" reporter found that the largest annual salary reduction of China Aviation Industry International in 2016 was only 755,900 yuan, a decrease of 69.84% compared with 2015's 2,506,700 yuan.
In addition, in 2016, the listed company with a total executive compensation of less than one million yuan is not only a company of China Aviation Industry International, but the total salary of the executives of Sanmao is smaller than the amount of China Aviation Industry International, only 65.32. Ten thousand yuan. If compared with the annual salary of 135.99 million yuan of Chairman Lu Thai A, even half of them are not reached.
The "Securities Daily" reporter checked the executives' salary list of Sanmao, and learned that in 2016, including the company's chairman, the annual salary did not exceed 100,000 yuan. Among them, the company's chairman Yan Ying and general manager, director Jia Ping's annual salary is the highest in executive compensation, but only 86,400 yuan.
A certified public accountant told reporters that the low annual salary of San Mao’s senior executives is related to the company’s sluggish main business in recent years. Judging from the annual reports, the company has lost money in its main business for eight consecutive years. The reason why the company has not been delisted mainly relies on non-operating income support.
Enter [Sina Finance and Economics Unit] Discussion
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