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Ren Yong, general manager of Emma Technology, was "kicked out of the group": just 3 months after taking office, the annual salary is much higher than others

On the evening of October 31, Aima Technology (SH:603529) issued an announcement that Ren Yong applied to resign as the general manager of the company due to job changes. The announcement shows that after Ren Yong resigns as general manager, he will serve as the company's strategic development consultant.

It is worth mentioning that at this time, it is only 3 months since Ren Yong served as the general manager of AIMA Technology. According to public information, Aima Technology issued an announcement on July 30, 2021, agreeing to appoint Ren Yong as the general manager of the company for a term of office until the expiration of the term of office of the fourth board of directors.

Ren Yong, general manager of Emma Technology, was "kicked out of the group": just 3 months after taking office, the annual salary is much higher than others

At that time, Aima Technology said in the announcement that Ren Yong "has rich management experience, which meets the needs of the company to further improve its management level and optimize its corporate governance structure." After 3 months, Ren Yong was "removed from the management of Emma Technology" from the group chat. However, Ren Yong does not hold a stake in AIMA Technology.

During this period, Ren Yong experienced the third fiscal quarter of 2021 of AIMA Technology. In the third quarter of 2021, AIMA Technology's revenue was 5.201 billion yuan, an increase of 2.42% year-on-year; net profit was 264 million yuan, an increase of 3.00% year-on-year; net profit after deduction of non-profit was 250 million yuan, an increase of 1.84% year-on-year.

Ren Yong, general manager of Emma Technology, was "kicked out of the group": just 3 months after taking office, the annual salary is much higher than others

At present, Aima Technology has not announced the new general manager candidate, only in the announcement that "the relevant work that Ren Yong is responsible for has been well handed over, and his resignation will not affect the normal operation of the company." Prior to this, the position of general manager of AIMA Technology was held by Zhang Jian, the chairman of the company, and Ren Yong was also a candidate nominated by Zhang Jian.

This means that Ren Yong's performance is likely to fail to satisfy the board of directors of Aima Technology, but the announcement of Aima Technology evaluates Ren Yong as "having rich management experience and unique strategic vision". Prior to that, Ren Yong served as the deputy general manager of AIMA Technology, with an annual salary of 4.6928 million yuan in 2020.

It is worth mentioning that Ren Yong's salary in 2020 far exceeds that of other members of the board of directors and senior supervisors. In contrast, Zhang Jian's salary in 2020 is 1.2321 million yuan, Vice Chairman and Deputy General Manager Duan Huawei is 1.8245 million yuan, Deputy General Manager and Financial Director Hao Hong is 2.2942 million yuan, and Deputy General Manager Li Yubao is 2.2544 million yuan.

Ren Yong, general manager of Emma Technology, was "kicked out of the group": just 3 months after taking office, the annual salary is much higher than others

Aima Technology prospectus screenshot, Ren Yong's salary in 2020 is far beyond ordinary people.

In fact, the general manager was replaced again, less than half a year (only 138 days) after the listing of Emma Technology. According to Bedo Finance, Aima Technology was listed on the main board of the Shanghai Stock Exchange on June 15, 2021, and has been listed for about 4 and a half months.

In the past period of time, AIMA Technology's stock price has created new lows. It is understood that the issue price of its A-share listing this time is 27.86 yuan / share. On the first day of listing on June 15, the opening of Aima Technology reached 40.12 yuan / share, announcing a limit.

On June 25 (the 11th day of Aima Technology's listing and the 9th trading day), Aima Technology opened at a price of 79.94 yuan / share, and finally fell to a stop at an offer of 70.35 yuan / share. Then, the stock price of Aima Technology fell all the way to the intraday 35.20 yuan / share on October 29, 2021, hitting a record low.

As of the close of trading on October 29, the stock price of Aima Technology closed at 35.78 yuan per share, with a total market value of 14.443 billion yuan. In contrast, the total market value of AIMA Technology on the first day of listing was 16.195 billion yuan. On June 25, the total market value of AIMA Technology once reached 32.296 billion yuan.

In other words, the stock price of Aima Technology has fallen by about 55.24% in the past four months, which has been "cut from the waist". Correspondingly, the total market value of AIMA Technology has evaporated by 17.853 billion yuan. As the controlling shareholder of Aima Technology holding 69.94% of the shares, Zhang Jian's value has also shrunk by 12.486 billion yuan to 10.101 billion yuan.

In terms of financial performance, the operating income of AIMA Technology in 2018, 2019 and 2020 was about 8.990 billion yuan, 10.424 billion yuan and 12.905 billion yuan respectively, and the net profit attributable to the shareholders of the parent company was 392 million yuan, 510 million yuan and 514 million yuan, respectively.

Overall, AIMA Technology's revenue scale continued to grow, but the net profit growth rate fell sharply in 2020, an increase of only 0.7% over 2019. Since 2021, Emma Technology has seen a situation of "increasing revenue without increasing profits".

According to the 2021 semi-annual report of AIMA Technology, its operating income in the first half of 2021 was about 7.312 billion yuan, an increase of 24.42% year-on-year; the net profit attributable to the shareholders of the listed company was about 314 million yuan, down 6.34% year-on-year; and the net profit after deducting non-profit was about 300 million yuan, an increase of 8.60% year-on-year.

On October 29, 2021, Aima Technology announced the third quarter of 2021 financial report, and its operating income from January to September 2021 (the first three quarters) was 12.513 billion yuan, an increase of 14.22% year-on-year; the net profit attributable to shareholders of listed companies was 578 million yuan, down 2.29% year-on-year.

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