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With the 2023 annual report of A-shares
Disclosure is complete,
Executive compensation of listed companies was also unveiled one by one.
According to the statistics of Flush iFinD, in 2023, Li Ge, chairman and actual controller of WuXi AppTec, will have the highest executive salary, with an annual salary of 41.9686 million yuan before tax, followed by Li Bin, vice president of Tongwei Co., Ltd., with an annual salary of 26.28 million yuan, and Li Xiting, chairman of Mindray Medical, with an annual salary of 26.6282 million yuan.
A total of more than 40 senior executives have salaries of more than 10 million yuan, involving medical, photovoltaic, food and beverage, IT services, home appliances, new energy vehicles and other industries, especially the medical industry.
Among them, there are 5 people with more than 20 million yuan, in addition to the above 3 people, the other two are Pan Gang, chairman and president of Yili Co., Ltd., and He Huaqiang, executive president of Jiadu Technology.
WuXi AppTec's actual controller Li Ge:
The annual salary of more than 40 million is just a "side dish"
WuXi AppTec's main business consists of five segments: chemical business, testing business, biology business, cell and gene therapy CTDMO business, and domestic new drug R&D service business.
According to the data, Li Ge, the chairman and actual controller of the company, was born in Pingyang, Wenzhou, and successively obtained a bachelor's degree in chemistry from Peking University and a doctorate degree in organic chemistry from Columbia University, and from 1993 to 2000, he served as a founding scientist and scientific research director in Pharmacopeia Inc. (United States Pharmacopeia Company), and founded the company in 2000.
At present, Li Ge's "WuXi Department" has three listed companies: WuXi AppTec, WuXi Biologics, and JW Therapeutics (the latter two are listed on the Hong Kong Stock Exchange). Another company, WuXi XDC, is currently seeking to spin off from WuXi Biologics.
In recent years, WuXi AppTec's performance has grown rapidly, with net profit reaching RMB8.814 billion in 2022, up 72.9% year-on-year, and slowing down significantly in 2023, but still reaching RMB9.607 billion. However, in recent years, the company's stock price has been declining, including a decline of more than 30% in 2022, nearly 10% in 2023, and 40% since the beginning of this year.
Although his net worth plummeted with the stock price, the latest "2024 Global Rich List" released by the Hurun Research Institute shows that Li Ge's net worth is still 41.5 billion yuan, ranking 536th in the world. The annual salary of more than 40 million yuan is just a "side dish" for him.
In 2022, the "working emperor" will earn 237,000 yuan a day
Li Bin, vice president of Tongwei Co., Ltd., took a big salary cut this year
In second place on the list of executive compensation is Li Bin, vice president of Tongwei Co., Ltd.
However, last year's salary of 26.28 million yuan has dropped significantly compared with the salary he received in 2022. You must know that in 2022, he will be a veritable "working emperor" in the A-share market, and his new appointment will reach 86.5291 million yuan, which is equivalent to an average daily income of 237,100 yuan, and his daily salary is more than the annual income of most workers. And in 2023, his salary has dropped by nearly seventy percent!
Li Bin's salary in 2023
Li Bin's salary in 2022
Tongwei's main business is divided into two parts: the research and development, production and sales of high-purity crystalline silicon, solar cells and other products in the new energy aspect, and the research, production and sales of aquatic feed, livestock and poultry feed and other products in the agricultural aspect. In the eyes of people in the photovoltaic industry, Tongwei shares are known as the "price butcher".
According to the data, Li Bin graduated from Chongqing University with a bachelor's degree in mining machinery, and later obtained a master's degree in business administration from Hong Kong University of Finance and Economics. In 2021, Li Bin served as the general manager of Yongxiang Polysilicon and Yongxiang Silicon Materials. In May 2022, he served as the vice president of Tongwei Co., Ltd.
As a leader in the photovoltaic industry with a technical talent, Sichuan Wenxiang, a subsidiary of Tongwei Co., Ltd. managed by Li Bin, will have a net profit of 34.296 billion yuan in 2022, which is even higher than the net profit of 25.726 billion yuan of Tongwei itself.
However, the long-term price war and overcapacity in the photovoltaic industry have also caused Tongwei's performance to decline sharply in 2023, with annual revenue falling by 2.33% and net profit of 13.57 billion, down 47.25% year-on-year, nearly halved. In the first quarter of this year, it lost 787 million yuan.
Many executives have "big salary cuts"
Some have dropped by nearly 90%.
In addition to Li Bin, many of the top 10 executives in the salary list in 2022 will have a big salary cut in 2023.
For example, Li Qiang, general manager of Sany Renewable Energy, will have an income of 54.9789 million yuan in 2022, and Zhou Fugui, chairman of the board, will also have an income of 42.3561 million yuan. By 2023, Li Qiang's annual salary will drop to 6.4785 million yuan, a decrease of 88.22%, and Zhou Fugui's annual salary will be 6.44 million yuan, a decrease of 84.8%.
Although the salary declined, Li Qiang and Zhou Fugui both held shares of the company, with 8.8965 million shares and 40.5285 million shares respectively, and the market value of the shares reached 256 million yuan and 1.165 billion yuan respectively at the closing price on April 30.
Sany Renewable Energy was listed on the Shanghai Science and Technology Innovation Board in June 2022, and the company's main business is the research and development, manufacturing and sales of wind turbines, as well as the design, construction and operation management of wind farms. In 2019 and 2020, the company maintained a rapid growth trend in both revenue and net profit, and the net profit in 2021 and 2022 exceeded 1.6 billion yuan, but the growth rate has slowed down significantly. In 2023, the company's revenue and net profit will both increase by more than 20%, of which the net profit will exceed 2 billion yuan, but the performance in the first quarter of this year has been weak, and the net profit has decreased by 45% year-on-year.
According to the data, Li Qiang, who was born in 1980, graduated from China University of Mining and Technology, majoring in mechanical engineering and automation, and Zhejiang University with a doctorate degree. He worked at GE (China) Global R&D Center, served as President and Chief Engineer of Sany Renewable Energy Research Institute from September 2018 to September 2020, and then served as Director, Deputy General Manager, General Manager and Chief Engineer and Dean of Sany Renewable Energy.
Zhou Fugui, born in 1962, graduated from Central South University with a master's degree in materials from Beijing Iron and Steel Institute, and has worked in Kunming Cable Factory, Lianyuan Special Welding Materials Factory, etc., and has served as director and vice president of Sany Heavy Industry, general manager of Sany America, director of Sany Group, chairman of Sany Heavy Machinery, and chairman of Sany Renewable Energy after 1994.
Sany Renewable Energy was established in April 2008, formerly known as Sany Electric Co., Ltd., funded by Sany Group, with the goal of becoming "Sany Heavy Industry" in the field of wind power. The actual controller of Sany Renewable Energy and Sany Heavy Industry is Liang Wengen.
Fang Jianmin, general manager and CEO of Remegen, will receive a salary of 26.54 million yuan in 2022, and He Ruyi, chief medical officer, will receive 26.04 million yuan in 2022. In 2023, the salaries of the two will drop to 8.14 million yuan and 7.72 million yuan respectively, a decrease of 69.33% and 70.35% respectively, both of which will reach about 70%.
Remegen will also land on the Science and Technology Innovation Board of the Shanghai Stock Exchange in 2022. Different from the high growth of Sany Renewable Energy in previous years, Remegen has been losing money year after year, including losses of 430 million yuan and 698 million yuan in 2019 and 2020 respectively, and after making a profit of 276 million yuan in 2021, the loss will continue to expand in 2022 and 2023, with losses of 999 million yuan and 1.511 billion yuan respectively, and a loss of 349 million yuan in the first quarter of this year.
According to the data, Fang Jianmin, who was born in 1962, is the co-founder of Remegen, received a doctorate in biology from Dalhousie University in Canada in May 1998, and carried out postdoctoral research focusing on cancer in the Department of Surgery of Harvard Medical School and Boston Children's Hospital from 1997 to 2000. Since April 2011, he has served as a director of Remegen Biopharma in the United States, and has successively served as the president and chairman of Remegen, a director of Remegen Pharmaceutical, and the chief executive officer and chief scientific officer of Remegen.
Born in 1961, He Ruyi received a bachelor's degree in medicine and a master's degree in medicine from China Medical University, and a doctorate degree in internal medicine from Howard University. He served as the chief scientist of the Center for Drug Evaluation (CDE) of the State Food and Drug Administration (currently known as the National Medical Products Administration) from July 2016 to October 2018, and has served as the executive director, chief medical officer and head of clinical research of the Company since May 2020.
Fang Jianmin and He Ruyi also hold shares, with 27.7183 million shares and 1.6 million shares respectively, with market capitalizations of 1.54 billion yuan and 88.88 million yuan respectively based on the closing price on April 30.
Mindray Medical's 6 senior executives have a salary of more than 10 million yuan
The chairman of Yili shares has a net worth of 8.2 billion
Mindray Medical is the listed company with the largest number of executives with a salary of more than 10 million and a high salary, with the same number of executives in 2023 as in 2022, reaching 6, and the salary of each executive in 2023 will increase slightly compared with 2022. Among them, Chairman Li Xiting's annual salary in 2023 will be 26.63 million yuan, and General Manager Wu Hao's annual salary will be 22.62 million yuan.
Midea Group, a leading home appliance company, also has 6 executives with salaries of more than 10 million, which is comparable to Mindray Medical. BYD has 4 executives with a salary of more than 10 million. It can be found that these three companies are all from Guangdong, including two in Shenzhen and one in Foshan.
Yili shares, whose main business is dairy product manufacturing, food and beverage processing, agricultural and livestock products and feed processing, has an annual salary of 21.79 million yuan in 2023, and it holds 286.75 million shares of Yili, with a current market value of 8.2 billion yuan.
Jiadu Technology's main business is engaged in intelligent rail transit, urban intelligent transportation, intelligent security, communication value-added, service and integration, and the company's executive president He Huaqiang's salary in 2023 is just over 20 million yuan.
In addition, BeiGene, which has suffered huge losses every year, will have two senior executives with a salary of more than 10 million yuan in 2023, namely Chairman of the Board and CEO Ou Leiqiang and President and Chief Operating Officer Wu Xiaobin. From 2018 to 2023, the company lost 4.7 billion yuan, 6.9 billion yuan, 11.4 billion yuan, 9.7 billion yuan, 13.6 billion yuan and 6.7 billion yuan respectively.
Chao News reporter Wang Yanping
Editor in charge: Yuan Ying