Gem 21 company executives pay six months net profit is not enough 20% wages

-the author of this version of the information Times reporter Ye Jing trainee reporter Xu Xian report disclosure work is nearing the end. As of August 30, 1749 listed companies have issued semi-annual reports, of which 1300 companies have reported year-on-year growth, which is more than sorrow. But the growth in performance has not masked the financial woes of listed companies. According to the salary level of the listed company executives last year, there are many listed companies in the first half of the net profit is not enough to pay executives.　　Data show that Chongqing Steel, Shanghai New Plum, the United States Luo Pharmaceutical, Guardian Tong, Xi ' an tourism, Zhongguancun, ping-Gao Electric and other 21 companies, the first half of the net profit was less than last year's executive pay 50%, the balance of payments in a very unbalanced state. Zhongguancun, such as the profit is not enough to send executive compensation Zhongguancun August 17 reported that the real estate sales to reduce the impact of the first half of the company's net profit fell 95% year-on-year. In the first half of this year, the company realized operating income of 999 million yuan, an increase of 2.06%, the net profit of 775,800 yuan, 94.6% year-on-year decrease, earnings per share 0.0011 yuan, the year-on-year decrease of 94.84%. The company said that during the reporting period, the company's operating income mainly from the real estate development and construction business and pharmaceutical business sales revenue. The decrease in net profit is mainly due to the increase in financial costs and the decrease in the current property sales of the company and its holding subsidiaries. According to wind information, last year, 31 executives of Zhongguancun company amounted to 3.83 million of the total remuneration, of which the top three of the total remuneration amounted to 1.8131 million yuan, the first half of 775,800 of the net profit, only last year, 1/5 of executive pay, I am afraid even to the first executive payroll not enough. The same is true of Avic real estate, which belongs to the real estate sector. China Airlines Real Estate August 17 released the report, although the first half of the business income increased to 708.2883 million yuan, an increase of 35%, but attributable to the listed company shareholders of the net profit fell to 2.4816 million yuan, a big drop of 78.44%. The company said the decline was due to a lower profit margin compared with a year earlier. In addition, the company's operating activities generated a net cash flow from the same period decreased by 374.9886 million yuan, 237.44% year-on-year, the main department of the company's local production project investment increased. In stark contrast, Avic's property executives were rewarded with a 8.4454 million-yuan salary last year, with a total of 2.8774 million per cent of the top three executives. Look at net profit for the first half, just over 1/3 of last year's executive pay. In addition to the two property companies listed above, the Oriental hotel, which swung this year, is the same. August 5 Oriental Hotel in the first half of 2010, the Oriental Hotel achieved a net profit of 1.98 million yuan, the same period last year, an increase of 111%. This means that, after two consecutive years of losses, the Oriental Hotel has succeeded in turning a profit. For the reasons for the company's profit, Oriental Hotel explained that, on the one hand, "as a result of actively expanding marketing, and enhance the cost control, the company's operating income has increased significantly,At the same time, the cost of the relative decline ", on the other hand, is" in the first half of 2010, the company was Guangzhou to stabilize the post subsidy 1.7465 million Yuan ", that is, excluding government subsidies, Oriental hotel profit is only a mere 240,000. That was a drop in the bucket compared to the 3.1 million annual salary of Oriental Hotel executives, which did not include the salaries of new chairman Feng Jin and vice Chairman Lin Wei-min.　　Some analysts laugh that government subsidies, combined with 1.89 million of corporate earnings, barely enough to pay the company's top executives. Gem 4% net profit was swallowed up by top executives with the 2010-year report of the Gem, the myth of the growth of gem is again questioned. From the comparable 105 listed companies data, operating income and net profit growth has shown a downward trend, and its use of funds problems are further exposed. According to wind information statistics, there are comparable data in the first half of the 105 gem business income of 18.23 billion yuan, compared with the same period in 2009 28.1%; Net profit total 3.045 billion yuan, the year-on-year increase of 25.7%. By contrast, the first half of the 435 SME listed companies reported a year-on-year growth of 37.1%, with net profit growth exceeding 44% per cent. And the Shanghai and Shenzhen 300 has announced semi-annual 236 listed companies, the first half of the operating income growth of more than 46%, net profit growth of more than 42%. Gem income and profit growth is not only lagging far behind the motherboard and the SME board listed companies, or even has not yet reached the semi-annual report of the company's main board of the average level. Comparable to the 54 gem (listed last year) listed companies, although the temporary has not seen a state of excess, but many of the profits of listed companies are likely to be swallowed up by the wages of senior executives. Sunning Logistics, the Half-year report showed that the company's first half of the business income of 109 million yuan, an increase of 39.84%, attributable to the listed company's shareholders net profit of 7.8424 million yuan, down 17.91%; basic earnings per share 0.09 yuan, down 35.71%. Last year its top executives paid 3.0134 million yuan, meaning that half of the company's profits were paid to executives. Such a situation also appears in the Gem shares, the blue cursor and other pioneering board company body. Wind information statistics, up to yesterday, there are comparable data of 58 gem executives last year's annual salary of 126 million yuan, and their net profit of about 3.2 billion yuan, annual salary accounted for net profit ratio is 3.94%, much higher than the main board of 0.47%, 28 senior executives annual total compensation is higher than 2 million yuan, Among them, le PU medical treatment with 7.2301 million yuan of executive total remuneration top, Century ding Li, China Yuan Huadian 2 companies of the total annual remuneration of the senior executives are also more than 5 million yuan, compared to the current published in the report, although the general health and Century tripod benefits of the interim results are still ideal, but the first half of China Yuan Huadian net profit of 1/　　4 to contribute to executive pay. The market calls for reasonable executive pay on the one hand is a sharp decline in corporate performance, on the one hand, Shine executive payPay, the problem of the listed companies to make ends meet? Yesterday, Yang Yana, a beijing-based auditor, said that executive pay is really a big cost, and if executives ' wages often exceed net profits, the company's operating costs and costs are high, which will weaken the profitability of listed companies, But the executives of listed companies may also be able to bring about a rise in corporate performance, so the cost will have to be spent. Dollars, an analyst at Datong Securities, also said that the executive compensation has been criticized by the market for many years, but has not been properly resolved. In the case of listed companies, he argues, the assessment system for executive pay should include at least three aspects of executive pay. One is to combine the performance of listed companies to assess. Only if the performance increases, the executive's pay rises and the rise in executive pay does not exceed the rate of growth; Similarly, the performance of listed companies has fallen, and executive pay must fall, not more than the decline in performance and the second is to combine the listed companies to give investors dividend to assess. The proportion of cash dividend of listed companies is determined to be 30%, on this basis, the proportion of cash dividends per cent or 1%, the corresponding increase or decrease of executive pay 1%; Although the price trend is mainly determined by the market, the behavior of listed companies also affects the stock price trend. As an evaluation index of executive compensation, it is helpful for executives to care about the stock price of the company and to some extent to share the sufferings with investors.　　Executives ' pay will also be affected once the company's share price declines. 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