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A Liu Yongzhuo's salary is so high, where does Evergrande's deficit money go?

author:LD Little Mao Brother

Liu Yongzhuo, president of Evergrande Automobile, was finally detained! Seeing his salary, I was really shocked, the annual salary of the post-80s generation was as high as more than 60 million, and the annual salary of tens of millions of yuan was still taken against the background of the Evergrande Department losing so much money! Is this reasonable? Therefore, everyone thinks that Evergrande Automobile, Evergrande Club, Evergrande Real Estate, and other Evergrande departments have lost so much money, where did the money go? Is it that they have fattened individuals and lost companies, resulting in poor temples and rich monks? This really needs to be carefully investigated.

A Liu Yongzhuo's salary is so high, where does Evergrande's deficit money go?

Yesterday, Evergrande Auto suddenly temporarily stopped trading. At noon, an announcement was issued saying that it was informed that its executive director, Mr. Liu Yongzhuo, had been criminally detained in accordance with the law on suspicion of violating the law and committing crimes. This means that the president of Evergrande Automobile, a post-80s executive, has also been dismissed. The announcement shows that Liu Yongzhuo is suspected of violating the law and committing a crime and is under criminal detention. Since criminal detention is involved, it means that things should not be small. Liu Yongzhuo's arrest illustrates a truth, some crazy people will have to pay for it sooner or later.

A Liu Yongzhuo's salary is so high, where does Evergrande's deficit money go?

Liu Yongzhuo, born in 1981, is only 42 years old, not very old, but he is an executive of Evergrande Group and has won the trust of Xu Jiayin. He once served as the vice president of Evergrande Group, the chairman of Evergrande Football Club, and the president and executive director of Evergrande Automobile. So you can see how beautiful Liu Yongzhuo of the post-80s generation has been in these years. But behind this scenery is the huge financial loss of the entire Evergrande system. Needless to say, Evergrande Real Estate has lost more than 800 billion yuan in two years. And Evergrande Automobile, where Liu Yongzhuo served as president, lost nearly 100 billion in 5 years. Where does the money go? That's a big question. Whether the money has gone into an individual's pockets? Has it involved enriching one's own pockets? Has it involved the transfer of profits by reversal? These are all things that need to be carefully investigated.

A Liu Yongzhuo's salary is so high, where does Evergrande's deficit money go?

Looking at Liu Yongzhuo's salary in Evergrande Automobile, it is really incredible! In the context of Evergrande's difficult progress in the past two years and huge capital deficit, the salaries of senior executives are still so high! In 2021, Liu Yongzhuo's annual salary is 68.49 million yuan. Among them, the salary alone is as high as 6.14 million yuan, and the compensation with equity is 62 million yuan. The total annual salary is 68.49 million yuan. This means that it is nearly 6 million per month and nearly 200,000 per day. Such income is not blinding you. In 2022, Liu Yongzhuo's annual salary will be slightly reduced, but it will not drop much, and it will still be as high as 43.98 million yuan. Among them, the basic salary is 840,000 yuan, and the compensation salary based on shares is 42.82 million yuan.

A Liu Yongzhuo's salary is so high, where does Evergrande's deficit money go?
A Liu Yongzhuo's salary is so high, where does Evergrande's deficit money go?

And what has Evergrande been like in recent years? It has lost more than 100 billion yuan. Among them, it lost 1.429 billion in 2018, 4.426 billion in 2019, 7.394 billion in 2020, 56.27 billion in 2021, and 27.66 billion in 2022. In the first half of 2023, it lost another 6.865 billion. In the context of Evergrande Automobile's loss of so much money, Liu Yongzhuo, as an executive, still has a salary of tens of millions, is this reasonable? And this salary is still on the surface, so whether there is any money behind the scenes, there is definitely a big question mark here. Evergrande Automobile is backed by Evergrande's big financier, asking for money, people, and technology, and has smashed more than 100 billion yuan in 6 years, but the car has not been mass-produced until now. Where does the money go?

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