news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Source: Time Weekly Author: Zhang Zhao

On July 22, the Science and Technology Innovation Board celebrated its fifth anniversary of its opening.

Since its establishment, the Science and Technology Innovation Board has become an important financing channel to support the development of science and technology innovation enterprises, and the Science and Technology Innovation Board-listed companies that have obtained "capital liquidity" have also quickly invested in the rapid development from scientific and technological innovation to the transformation of scientific and technological achievements.

Data from the Shanghai Stock Exchange show that more than 60% of companies listed on the Science and Technology Innovation Board will achieve positive growth in operating income and a full-year net profit of 75.96 billion yuan in 2023. Taking 2019 as the base, the compound growth rates of operating income and net profit of companies listed on the Science and Technology Innovation Board in the past four years reached 23.3% and 24.4% respectively, among which 75 companies have achieved positive net profit growth for four consecutive years.

Among them, the chairmen of the Sci-Tech Innovation Board listed companies have played an important role in promoting corporate technological innovation, business development and capital market reform, and the rewards they have received have become the focus of attention from the outside world. On June 19, Wu Qing, chairman of the China Securities Regulatory Commission, announced the "Eight Measures for the Sci-Tech Innovation Board" at the Lujiazui Forum, further highlighting the "hard technology" characteristics of the Sci-Tech Innovation Board, improving the issuance and underwriting, mergers and acquisitions, restructuring, equity incentives, transactions and other institutional mechanisms, and better serving technological innovation and the development of new quality productivity. Among them, the content related to improving the equity incentive system points out that Sci-Tech Innovation Board listed companies are encouraged to actively use equity incentives to better achieve interest binding with investors; improve the implementation procedures for equity incentives of Sci-Tech Innovation Board listed companies, optimize the application of short-term transactions, window periods and other regulations for the grant and attribution of equity incentives, and study and optimize the arrangements for reserved rights for equity incentives.

In addition to equity incentives, salary is the most direct return for the chairmen of the companies listed on the Science and Technology Innovation Board. According to statistics from the Times Weekly reporter, among the 573 companies listed on the Science and Technology Innovation Board, a total of 546 company chairmen disclosed their 2023 salary in their annual reports, with a total annual salary of 783 million yuan, and an average annual salary of 1.4345 million yuan per person.

From a minimum of 0 yuan to a maximum of 16.9459 million yuan, what characteristics and patterns are reflected in the salary levels of the helmsmen of various Sci-Tech Innovation Board listed companies? What changes have there been compared to five years ago?

Nearly 50% of chairmen are born in the 1960s

According to a compilation by a reporter from the Times Weekly, most of the chairmen of the 573 companies listed on the Science and Technology Innovation Board were born in the 1960s and 1970s.

Specifically, there are 7 chairmen born in the 1940s; 49 chairmen born in the 1950s; 264 chairmen born in the 1960s, accounting for nearly 50%; and 213 chairmen born in the 1970s, accounting for nearly 40%.

In addition, there are also many young entrepreneurs among the chairmen of the Science and Technology Innovation Board listed companies: there are 37 chairmen born in the 1980s and 3 chairmen born in the 1990s.

Wind data shows that the youngest chairman, Shi Wenling, was born in January 1998 and worked in ByteDance's user growth department. She joined in March 2022.Chunli Medical(688236.SH) and took on the position of chairman in June of the same year.

The second post-90s chairman, Wang Lei, was born in November 1993. He graduated from the Computer Science and Mathematics Department of New Jersey State University and currently serves as the chairman of a GEM-listed company.Leading Intelligence(300450.SZ) Director, has served asMicro-nanoChairman of the Board of Directors of Shanghai Stock Exchange (688147.SH).

The third post-90s chairman, Hu Kunhui, was born in 1991. He received a bachelor’s degree in electrical engineering from the Royal Melbourne Institute of Technology and a master’s degree in electrical engineering from the University of Melbourne. He has served as chairman since December 2012.Yahuilong(688575.SH) and became the company's chairman in January 2018.

Nearly 70% of chairmen have a master's degree or above

According to statistics from the Times Weekly, among the 573 chairmen, 230 have master's degrees and 160 have doctoral degrees, accounting for 68.06%. In addition, there are 119 chairmen with bachelor's degrees, accounting for about 20%; 35 chairmen with junior college degrees, 11 chairmen with high school degrees, 9 chairmen with technical secondary school degrees, 3 chairmen with junior high school degrees, and 6 chairmen whose educational information has not been disclosed.

The annual salary of 3 chairmen exceeds 10 million

According to statistics from the Times Weekly reporter, among the 546 companies that disclosed the chairman’s salary in 2023, there were 286 chairmen with an annual salary of 1 million yuan, accounting for as high as 49.91%.

It is worth noting that there are three chairmen whose salaries exceeded 10 million yuan in 2023.BeiGene-U(688235.SH) Chairman of the Board Ou Leiqiang ranked first with an annual salary of 16.9459 million yuan;Poly and materials(688503.SH) Chairman Liu Haidong followed closely behind with a salary of 15.0057 million yuan;Transsion Holdings(688036.SH) Chairman Zhu Zhaojiang’s salary was 12.5276 million yuan, ranking third.

Wind data shows that Ou Leiqiang isBeiGene, was born in 1969 and received a Bachelor of Science degree from the Massachusetts Institute of Technology and a Master of Business Administration degree from Stanford University; Liu Haidong is one of the founders of Polyhe Materials. He was born in 1976 and received a master's degree in applied chemistry from East China University of Science and Technology; Zhu Zhaojiang was born in 1973 and has a master's degree. He has worked in companies such as Bird Co., Ltd. and later founded Transsion Holdings in August 2013.

More than 40% of chairmen have seen salary increases in the past five years

According to a review by a reporter from the Times Weekly, among the 573 companies listed on the Science and Technology Innovation Board, 356 companies disclosed the chairman’s salary in 2019.

After comparing the salary changes of the above 356 chairmen in the past five years, the Times Weekly found that 255 of them had an increase in salary in 2023 compared with 2019, accounting for 44.5%; 6 of them had an annual salary that remained the same as in 2019; and another 95 of them had an annual salary that decreased compared with 2019, accounting for 16.58%.

42 chairmen's annual salary increased by more than one million

According to statistics from the Times Weekly reporter, among the 255 chairmen of Science and Technology Innovation Board-listed companies whose annual salaries increased, 42 saw their salaries increase by more than 1 million yuan in the past five years.

Among them, the person with the largest increase in annual salary is Zhu Zhaojiang, chairman of Transsion Holdings, whose annual salary will increase from 2.6824 million yuan in 2019 to 12.5276 million yuan in 2023, an increase of 9.8452 million yuan;China Micro Corporation(688012.SH) Chairman Yin Zhiyao ranked second, with a salary increase of 6.6286 million yuan in 2023 compared with 2019;Huahai Qingke(688120.SH) Chairman Lu Xinchun ranked third, with his salary in 2023 increasing by 4.8147 million yuan compared to 2019.

Wind data shows that Yin Zhiyao was born in 1944 and received a bachelor's degree from the University of Science and Technology of China and a doctorate from the University of California, Los Angeles. He has worked for companies such as Intel, Lam Research, and Applied Materials, and has 35 years of industry experience in the semiconductor chip and equipment industry; Lu Xinchun was born in 1966 and received his doctorate from the Institute of Metal Research, Chinese Academy of Sciences. He has more than 20 years of research experience in CMP technology and is an important promoter of the development and industrialization of domestic CMP technology.

The annual salary of 13 chairmen dropped by more than one million

According to statistics from the Times Weekly reporter, among the 95 chairmen of Science and Technology Innovation Board-listed companies whose annual salaries have decreased, 13 have seen their salaries reduced by more than 1 million yuan in the past five years.

Among them, the person with the largest annual salary reduction was Cui Jisong, chairman of Innovent Biologics-U (688428.SH), whose annual salary dropped from 16.776 million yuan in 2019 to 8.5254 million yuan in 2023, a decrease of 8.2506 million yuan; followed by Zhou Fugui, chairman of Sany Heavy Energy (688349.SH), whose salary in 2023 decreased by 3.4451 million yuan compared with 2019; Zhao Yan, chairman of Huaxi Biopharma (688363.SH), ranked third, with his salary in 2023 decreased by 1.8462 million yuan compared with 2019.