Source: Hexun Network
Knight Mining Machinery, which has just landed in A shares this year, issued an announcement of salary increase, and the salaries of the company's directors and senior management are rising!
According to the announcement, the basic remuneration of Chairman Mr. Zheng Hao is RMB1.2 million per year, and the basic remuneration of Director Hu Jinsheng is RMB600,000 per year. The basic annual salary of Mr. Cheng Sheng, Vice Chairman, General Manager and Chief Financial Officer, is RMB 1 million per year, the basic annual salary of Mr. Wang Lei, Director, Deputy General Manager and Secretary of the Board of Directors is RMB 600,000 per year, and the basic annual salary of Mr. Kang Ren and Mr. Xia Lei, Deputy General Manager, is RMB 600,000 per year.
In contrast, Chairman Mr. Zheng Hao's salary last year was 434,000 yuan, Vice Chairman and General Manager Cheng Sheng's salary last year was only 394,100 yuan, and Deputy General Manager Mr. Xia Lei was 330,200 yuan last year.
A 95% decline in net profit in the first quarter is just enough to give chairman Zheng Hao a salary increase?
According to the data, Naipu Mining Machine is mainly engaged in the research and development, production, sales and service of heavy mine mineral processing equipment and its new material wear-resistant spare parts. The company is located in Shangrao City, Jiangxi Province. On February 12, Knight Mining Machinery was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange, and the company has been listed for less than 4 months.
According to the data of the first quarter report of 2020, the company achieved operating income of 32.7884 million yuan, down 58.74% year-on-year; net profit attributable to shareholders of listed companies of 803,400 yuan, down 94.73% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses -1.1656 million yuan, down 107.81% year-on-year. Now, the profit in the first quarter is just enough to give Chairman Zheng Hao a salary increase.
It is understood that during the reporting period, all provinces and cities affected by the new crown pneumonia epidemic have successively launched a first-level response to major public health emergencies, and many overseas countries have adopted "lockdown" and "lockdown" measures to strictly restrict the movement of people. These measures have led to a decrease in the efficiency of the company in product delivery, project implementation, business negotiations and business promotion, and the company's suppliers, customers and other stakeholders have been affected to varying degrees, resulting in the company's business can not be carried out as scheduled.
The 14-day business scope of listing has been questioned by the exchange
It is worth mentioning that in the 13 trading days after the company was listed, Knight Mining Machinery planned to carry out mask business and change the scope of business, so eager to hold hands with market hotspots that it immediately received a letter of concern from the Shenzhen Stock Exchange.
On March 1, the company issued the "Announcement on the Company's Change of Registered Capital, Amendment of the Articles of Association and Registration of Industrial and Commercial Changes", and decided to purchase small and medium-sized mask machines for mask production, and the remaining part of the products in addition to meeting the company's epidemic prevention material needs, the remaining parts were sold to the outside world, and in order to alleviate the shortage of social mask products, and planned to add "the production and sale of medical protective masks, daily protective masks and other series of masks" in the scope of business.
Such an "alternative" operation allowed Knight Mining Machinery to receive a letter of concern from the Shenzhen Stock Exchange on March 2, the day after the announcement. The Shenzhen Stock Exchange asked Knight Mining Machinery to explain the situation of the mask machine to be purchased, and combined with the production capacity of the mask and the epidemic prevention materials it needed, explain whether the impact of the income of the mask production business on the performance is sustainable. In addition, the Shenzhen Stock Exchange more bluntly questioned whether Knight Mining Machinery catered to market hotspots and speculated on the company's stock price.
Knight's reply to the letter of concern is also quite fast! The company's response can be described as "prepared", and the response to the relevant inquiry was quickly disclosed on the evening of March 2.
As for whether it involves catering to market hotspots and speculating on the company's stock price, the company denied that the company's plan to purchase small and medium-sized mask machines to produce protective masks is in the context of the severe situation of the prevention and treatment of new coronavirus pneumonia, and the company actively fulfills the social responsibility of listed companies under the premise of meeting the actual needs of its own production and operation. At the same time, the company has announced that only small and medium-sized mask machines are purchased, the purpose of which is mainly based on the company's actual production of epidemic prevention needs, which is not only the company's normal commercial economic considerations, but also to do its part to fight the epidemic, hoping to provide more help for the fight against the epidemic by providing epidemic prevention supplies to local units and residents in need, and there is no situation that caters to market hotspots and speculates on the company's stock price.
In addition, for the use of masks, the company said that investment in mask production is not for profit to manufacture masks, the purpose is to protect the epidemic prevention needs of employees and their families, so as to ensure the normal production and operation of the company.
For the details of this incident, please refer to: "Under the shortage of masks under the new crown virus epidemic, the List of Knight Mining Machines began to "rub hot spots" only 14 trading days after listing? Whether to obtain the qualification for the production and sale of medical protective masks》