Ming's science and technology performance less than one year executive pay photo

Financial Network News (reporter Chang) April 16, "Lightning" concept of the first stock of Ming Technology (300242) surrendered 2013 years "report Card", the performance of huge losses let investors exclaim "again on landmines." Public Securities and Financial Network reporter noted that the Ming home technology since the listing, the first year of flat, the second year down, the third year of loss, three years of net profit is not as good as listed a year before. In stark contrast to the results, corporate executive pay has risen every year. Last year, nearly 30 million Ming technology was listed in 2011, and 2013 was the first loss year after the company went public. The annual report shows that in 2013, the company realized revenue of 143.79 million yuan, down 3.59% per cent, net profit of 29.94 million yuan, and 3.76 million yuan in 2012. The reasons for the loss, the Ming home technology gives a lot of explanations: first, the foreign economic recovery is weak, the impact of lack of physical demand, the company's overseas orders to reduce the year-on-year decline in business receipts; second, during the reporting period, the renminbi continued to appreciate, exchange losses increased; third, in the reporting period, the investment project gradually input, The increase of depreciation of fixed assets leads to the increase of production cost. Four, the company has won the project to postpone delivery time, only part of the sales and recognition of income; Finally, the company increased the domestic independent brand products market development and brand advertising promotion efforts, sales costs increased; Vi. planning for 2013 September Major asset reorganization , and related costs such as intermediary and travel expenses increased. A flat two down three losses "and stepped on the mine!" "Some investors exclaimed:" The Ming home technology after listing how always let us step on landmines? "Simple carding of the performance of the technology is not difficult to find, the first year after the listing and the year before the flat, the second year fell sharply, the third year to become a huge loss." In particular, 2011, the Ming home technology to achieve operating income and net profit of 203.46 million yuan and 24.96 million yuan respectively, the year-on-year increase of 0.09% and 2.05%, and before the market in 2010 basically flat; 2012 revenue and net profits are 149.14 million yuan and 3.76 million yuan respectively, Year-on-year decline of 26.69% and 84.94%, in this, the public Securities newspaper and the financial Network has published the article "One year to lay off 25% Ming technology Lightning Company frequency Explosion Thunder" to report; 2013 Ming Home Science and technology revenue micro-drop, net profit from surplus to loss (see table). Further statistics found that the Ming home technology 2011, 2012 and 2013 net profit added, the sum is-1.22 million yuan, that is, the Ming home technology listing three years of net profit created by the sum, even less than the company before the year before the listing. The rise in executive pay and operating performance year-on-year decline in stark contrast is that the Ming home technology in the listing, executive pay is showing a trend of increasing year by year. Take the Chairman Zhou Jianlin, Vice Chairman Zhou Jianro, financial controller Li Wei as an example, the above three people in 2012 net profit plunged 84.94%, the total remuneration received from the company is 367,650 Yuan, 289,650 yuan and 26.41 respectively60,000 yuan, more stable than 2011; in 2013, the total remuneration received by the three persons from the company amounted to 507,400 yuan, 307,100 yuan and 305,600 yuan, compared with 38%, 6% and 15.69% in 2012. With a lot of questioning, the Volkswagen Securities and financial network reporters call the Ming home technology. "executive pay is linked to performance, but performance is only a small part of the assessment, not all." A staff member of the securities department told reporters. When asked about the assessment, he said, "I am not very clear about the specific situation."